The Jakarta Post Mining firm PT Bumi Resources Minerals expects its subsidiary PT Dairi Prima Mineral to start processing zinc and lead at the end of 2017 following the inking of a contract.

The Jakarta listed company announced that Dairi had signed an engineering, procurement and construction contract last Thursday with China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Limited.

Under the contract, which followed a general partnership agreement signed last October, NFC will build infrastructure and facilities to process 1 million tonnes of ore per annum at a zinc and lead mining site in North Sumatra, which is operated by Dairi.

NFC will help acquire 85% of the funds needed for the mining site development project, with the total funds to be disclosed soon.

Mr Suseno Kramadibrata CEO of BRMS said that “We expect to monetize the zinc and lead reserves operated by Dairi by the end of 2017 and add value to the respective shareholders.”

(Source - www.steelguru.com)