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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Post by buyb4its2l82on Nov 26, 2014 8:15pm
149 Views
Post# 23168146

Should hear soon I would think

Should hear soon I would think

Indotant will Purchased Local Investors

 November 11, 2014

Production Targets Mid-2015

Lobar, Bali Post-owner Indotan West Sumbawa Regency (KSB) NTB, Robert Wachjo, glancing PT. Indotant West Lombok Risen (ILBB) long vacuum after conducting exploration in Sekotong Mountains, District Sekotong West Lombok (Lobar). 
Told reporters at a press conference on Monday (10/11) yesterday, he said he wanted to buy PT ILBB of Canadian company which is a previous owner. The desire has been submitted also to the Regent Lobar Lobar where local government as the owner of a 10 percent stake. 
According to Robert that the Indonesian nationality, interest has ILBB because at the mine site contains Sekotong besides gold, also contains copper. "So Sekotong it contains more copper than gold. According to the record books exploration gold content of only 1.4 million ounces, "he said. 
Robert targets if the Canadian company as the owner of ILBB allow him to buy stock, then he is targeting mid-2015 ILBB been operating for production or exploitation of the land has been designated an area of ​​approximately 10 088 hectares. 
Now that he is taking care of all forms of licensing such, EIA permit, design, FS and increase production IUP license. "Hopefully all goes well," said Robert who is also the owner of PT Indotan this KSB. 
Before ILBB drilling, there are several companies that prior to drill such as PT. Newmont Nusa Tenggara (NNT) and also Sudden Up, the two companies have spent millions of dollars budget and found about 10 percent of the total gold content of gold were found in NNT. 
On that occasion, Robert also tells the system to manage the company that is not detrimental to the people so that the safety and well-being achieved. In Indotan KSB, said Robert, it does not expel the community around the mine but rather to accommodate.Currently there are about 7 thousand people manage artisanal mining. 
"In my company in Indotan KSB was not guarded by police, because of safety and security was created for the public welfare," he added, saying that if ILBB fell into his hands, ILBB will be managed with the community so that people feel the impact of welfare Sekotong directly. 
"So people who are in Sekotong I will not be expelled because they already live there," he said. 
Although not yet legally admitted as ILBB owner, Robert admitted that he had ordered some kind of machine and the machine will be around December until Sekotong. "We will definitely make Smelter though we are not exporting mining products, but we sell to PT.Atam," he said, adding that ILBB will be managed by the Indonesian people. 030

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