Asiamet expects BKM disposal agreement by year-end after coronavirus disruption
“We anticipate completion to occur prior to the Christmas/New Year period,” said the group
Company
LON:ARS
Asiamet Resources Ltd is an emerging copper producer focused on the development of a portfolio of large copper, copper-gold and polymetallic deposits in Indonesia, adjacent to the key growth markets in Asia.
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“We anticipate completion to occur prior to the Christmas/New Year period,” said the group
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Asiamet has a long track record of operating in Indonesia
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“Asiamet will retain a very meaningful exposure to the upside at BKM and KSK," said chairman Tony Manini
Based in Jakarta, Aurlianus was most recently managing director of coal miner Baramutiara Prima.
Copper production might begin in the second half of 2022 says the broker
The AIM-listed miner reported that its net losses had narrowed to US$2.1mln from US$4.2mln the previous year
"The company wishes to advise shareholders that Asiamet is in a sound financial position and continues to operate on a business as usual basis"
Asiamet is sitting on huge copper reserves in Indonesia
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Earlier this year. Aeturnum took a 19.9% stake in Asiamet via a placing and began due dilligence
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Equities climb amid high volatility and improving Chinese economic data Arc Minerals* (AIM:ARCM) –- Arc Minerals raises £2.37m at 1.7p per share Asiamet Resources (AIM:ARS) – Progress on permitting the BKM copper project
"Asiamet is very pleased to have now received the Governor's recommendation for the Pinjam Pakai permitting process,” said executive chairman Tony Manini
Asiamet has a deep well of experience operating in Indonesia
Asiamet has advanced plans in place for the development of its Indonesian copper projects
Aeturnum Energy is subscribing for Asiamet shares and it has exclusivity for a potential project-level investment
Asiamet has two major copper projects in the works in Indonesia
"While there are a number of drivers for the relocation, the Asiamet Board considers that a significant increase in corporate and project activities relating to ongoing funding and development of the Company's asset portfolio"