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AIC Mines Ltd IAUFF

AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

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Post by Kutubuon Feb 18, 2010 6:46am
439 Views
Post# 16794332

Indonesia Gov - Tujuh Bukit

Indonesia Gov - Tujuh Bukit

Indonesian Govt to allow mining operations in protected forests

Wednesday, February 17, 2010 - 09:12AM GMT+7

The government will amend the zoning regulation to allow mining operations in protected forest areas.

Under the amended regulation, mining operation can be conducted in protected forests under leasehold mechanism in accordance with the Forestry Law No. 41/2009, Bambang Setiawan, Director General of Coal, Mineral and Geothermal at the Ministry of Energy and Mineral Resources said on Tuesday.

Under the amended law, all types of miners can apply can apply for leasehold permit from the Ministry of Forestry to mine in protected forests. Once they get the leasehold permits, the Ministry of Energy and Mineral Resources will issue mining permits.

The decision to amend the regulation was made at a meeting at the Coordinating Ministry for the Economy following reports from industry players that the current regulation that bans mining operations in protected forests could cost miners billions of dollars.

Article 37 of Zoning Law No. 26/2007 stated that the use of forest areas should be conducted according to existing regulations, resulting in multiple interpretations on whether to implement it using the zoning law or the forestry law. According to the zoning law, no mining activities are allowed in forestry areas. But mining activities are possible in production forests under the forestry law.

https://www.petromindo.com/detail.php?table=news&pos=detail&id=29426

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