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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based company. The Company is primarily engaged in the project generation and investments in mineral resource companies with a focus on gold and copper-gold. The Company operates through the acquisition and exploration of resource properties and investments segment. The Company has not generated any revenue.


TSXV:SA.H - Post by User

Bullboard Posts
Post by buyb4its2l82on May 02, 2014 9:40pm
189 Views
Post# 22520357

Time is running out for Lombok as far as I see

Time is running out for Lombok as far as I seeAccording to this article SA's permit runs out in 2015. Is that true? If so fire sale pricing will be in effect come 2015. Then there was the construction phase leading up to the 2018 production phase.
Also I have been reading that some investigating is going on in Taliwang about companies selling their IUP permits through a third party. The Government is investigating this. They say that the Government has to be involved in the sale in order to protect the Government and the people. 

Accelerated Indotan 2018 Production Target 
November 11th, 2013 | Author: wireatmajaya

GIRI - WIN Today, the mining company PT Indotan West Lombok Risen ( ILLB ) operating in the mining area of ​​Senggigi is still in the exploratory stage . This permit is valid for five years , ie from 2011 to 2015 .
Completed the exploration phase , targeted in 2018 will begin the production phase . Production stage is accelerated from the previous target . " We're trying to do in order to accelerate the production of at least two years before the construction phase depleted " said Director of Human Resources and General PT ILBB , H Gratitude Nuralam , yesterday .
He added , Indotan currently has about 10 thousand hectares of land over . Land itself is divided by a predetermined zoning Lobar regency .
As is known , zoning or zoning mine itself has been established in the year 2010 . District Government has divided the mining area into five zones namely artisanal mining zone , general mining , reserve zones , tourism zones and zones and marine fisheries .
Mining area of 28,000 hectares in Senggigi 1200 hectares are divided as a people's mining site . While about 26,800 hectares of the remainder will be divided into five zones .
Artisanal mining area will be managed simultaneously by groups , cooperatives , as well as the surrounding communities .
Once exploration is complete , the next phase of construction and production phases . Con struction of building infrastructure such as roads , warehouses and mines and settlements . Only after construction is complete , will go into production permit stage .
In each phase , he said , need to be licensed and there is a deadline. Target runs IUP license for five years . But this time will be shortened from five years be pursued at this stage of construction last two years of construction .
After the production phase , the EIA needs to be made . EIA EIA team itself will be submitted for review to the district government companies . For the cost of production of its own , it takes a fund of Rp 100 billion more . "If the production stage . EIA must be made ​​. " he said .
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