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Asiamet Signed MoU With China Nonferrous

Metal News - Published on Fri, 23 Aug 2019

Image Source: Asiamet
Asiamet has announced it has signed a Memorandum of Understanding with China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd a subsidiary of China Nonferrous Metal Mining Co Ltd for value engineering and Engineering, Procurement and Construction Management Services for the BKM heap leach and SX-EW copper project located in Central Kalimantan, Indonesia. As part of the proposed engagement with Asiamet, China NFC will undertake a detailed evaluation of the technical and financial aspects of the BKM copper project and propose a series of solutions to the Company with respect to the value engineering and EPCM components of the proposed BKM mine development. Utilising a China and local Indonesian-Southeast Asian sourcing strategy is expected to lower some of the BFS capital cost inputs and enhance overall project economics. The potential to access China NFC’s strong linkage’s with Chinese capital providers and project and equipment financiers will be explored in detail as part of this engagement.

Asiamet intends to work with China NFC to further enhance the value of the BKM copper project.

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Posted By : Ratan Singh on Fri, 23 Aug 2019
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