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Asiamet Receives Key Approval for BKM Project
Asiamet Receives Key Approval for BKM Project.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \n \n RNS Number : 0324N\n Asiamet Resources Limited\n 15 May 2020\n \n \n \n \n \n \n \n 15 May 2020 \n \n \n \n \n \n \n \n \n Asiamet Receives Key Approval for BKM Copper Project\n \n \n \n \n \n \n \n \n Asiamet Resources Limited (\"Asiamet or the \"Company\") is pleased to announce the Company has received a key approval for the BKM copper project, located in Central Kalimantan, Indonesia. The Governor of Central Kalimantan provides a recommendation for the project to proceed to the development and construction phase as part of the process required to secure a forestry borrow-to-use permit (\"Pinjam Pakai\", or \"IPPKH-OP\") from the Government of Indonesia.\n \n \n \n \n \n IPPKH-OP / Pinjam Pakai\n \n \n The BKM copper project overlaps with a forest area that allows commercial activities including mining. This overlap requires the project operator to obtain a 'borrow-to-use forestry permit' (Izin Pinjam Pakai Kawasan Hutan, IPPKH). To secure the Pinjam Pakai permit the Company needs to meet a number of requirements including the following three key milestones:\n \n \n · \n \n Governor's Recommendation: \n \n To achieve this recommendation, the Company was required to demonstrate that the BKM copper project is technically viable and commercially robust with the project delivering a benefit to the local economy and community. Through the extensive studies and plans undertaken for the BKM feasibility study and our long term commitment to the local community through development programs, preferential local employment and procurement of goods and services, the Company was able to clearly demonstrate that the BKM copper project would deliver these objectives.\n \n \n · \n \n Corridor Agreement:\n \n The access route from the BKM site to the intended port facilities utilises roads that have been or are being used and maintained by forestry concession holders. Asiamet is required to negotiate multi-user road access and maintenance with these concession holders. Access agreements of this nature are standard practice globally and the Company is in advanced discussions to secure the required agreements.\n \n \n · \n \n Revised AMDAL:\n \n The AMDAL is an environmental impact assessment prepared by the Company for approval by the Provincial Gover...