Asiamet Resources receives crucial environmental permit
has received a “key” environmental permit for its wholly owned BKM copper project in Indonesia. Issued by the local government, the permit allows the company to continue developing the BKM mine and its infrastructure. Shares are up over 6% following the news.
The permit covers a wide range of allowances, from exploration during pre-construction to demobilization of equipment in post operation.
Moving forward, the company has said it must secure the Pinjam Pakai or "borrow and use" permit from the Government of Indonesia Forestry Department. Work is already underway at Asiamet to ensure they receive approval.
Critical to their success, Asiamet maintains, is the company’s “support of its long established and internationally recognised community development fund Yayasan Tambuhak Sinta," which has allowed it to maintain excellent relationships and strong local community support for the KSK project.”
CEO of Asiamet Peter Bird commented, “Following completion of the BKM Feasibility Study, Asiamet continues to focus on assessing each of the value enhancement opportunities identified in the BFS, further de-risking the BKM project through completion of the remaining permitting milestones, and advancing a range of funding options for ongoing development of both the BKM project and the Company's high quality copper, gold and polymetallic base metals project portfolio.
The timely receipt of the Environmental Permit from the Central Kalimantan Provincial Government is another significant permitting milestone for the Company and testament to the ability of our Indonesian team to systematically work with the various regulatory authorities to meet governmental requirements and deliver the permits required to commence development of the BKM."
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