Aus Asia Minerals to acquire Indonesian coal producer Monday,...

Aus Asia Minerals to acquire Indonesian coal producer

Monday, December 29, 2014 by Proactive Investors

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It also added that all legal formalities were in place for its Solok Iron Ore Project in West Sumatra, adding to the necessary production, mining, export, smelter and foreign based company permits that are already in place.

Furthermore, Indonesia’s largest steel maker Krakatou Steel have indicated that they will pay 900,000 rupiah (A$89) per metric tonne of iron ore.

Sample work and further testing is underway with delivery of the first 7,500Mt barge to Krakatou expected in January/ February 2015.


Thought this might be of interest, it would be good if RS can give a updated time line for deliveries but now funding is in place, first shipment must be due.