• LocationLocation
  • CustomersCustomers
SNC Technologies, click for home.
  • Home
  • Products
      • Fleet Management
      • MineLink
      • MineTrack
      • GlobalTrack
      • MarineTrack
      • Fuel Management
      • Carlson Machine Control
      • Communication Solutions
      • Two-Way Radio
      • Orbcomm
      • SatNetCom
      • Remote Monitoring
      • PressurePro
      • Video Surveillance (CCTV)
      • MineGain VHMS OTA M2M
      • SAM Speed Awareness System
      • Security And Safety
      • SAM Speed Awareness System
      • Video Surveillance (CCTV)
      • Access Control
      • iView Fatigue Management
      • Preview Radar Proximity Awareness
      • Customer Support & Maintenance
      • On-site Support and Maintenance
  • About Us
    • SNC Companies
    • Customer Satisfactions
    • Project Experience
  • Support
    • FAQ
    • Documents
  • Industry News
  • Contact Us

Industry News

  • January 2019
    • IDX LISTINGS FOR EXPLORATION COMPANIES – A PROPOSED MOVE IN THE RIGHT DIRECTION
    • Freeport To Pay Indonesia $32m For Illegal Forest Use – State Auditor
    • BlackGold: Sentencing of Consultant in Bribery Case Not Expected to Impact Group Operations
    • China’s Thermal Coal Imports Fall to 16-Month Low
    • Coal Demand Seen Steady Through 2023 Thanks to India and China — IEA
    • Coal Mining Update: Contract Extension Relaxation, Price Pressures & Government Dilemma
    • Freeport to Focus on Developing Smelter, Underground Mine
    • Government Defends Freeport Deal Amid Criticism
    • Indonesia Coal Output Seen Nearly 500 million T in 2019: Industry Body
    • Indonesia’s Mining Industry Headed Nowhere Fast
    • Indonesia’s Silkroad Nickel Signs $291.71m Nickel Ore Offtake Deal
    • Indonesian Coal Miners Diversify Into Renewables
    • KPK Urges Govt to Form Mining Task Force
    • Metal Prices to Depend on US-China Trade Relations, Chinese Growth
    • Pongkor Mine, First Underground Museum in Indonesia
    • Progress in Smelter Construction by Three Mining Companies Slow
    • World’s Biggest Gold Mine Nationalized in Indonesia

Silkroad Nickel Wants Indonesian Export Quota for Low-Grade Nickel Ore from Sulawesi Mining Area

Inodnesia based miner Silkroad Nickel has started its application for an export quota for low-grade nickel ore and plans to have the quota in 2018, it said on Saturday.

 

Catalist-listed Silkroad Nickel - which was listed through the reverse takeover of China Bearing (Singapore) by a subsidiary of Singapore-incorporated Far East Mining Pte Ltd - has held a mining business licence for a 1,301-hectare mining concession area in Central Sulawesi province since 2009.

 

Disclosing growth strategies, chief executive Hong Kah Ing said in a media statement: "We aim to generate sustainable returns to our shareholders by progressively ramping up our production capacity with investments in equipment, infrastructure and people, with the addition of eventual export sales of our nickel ore."

 

He added: "We plan to explore the remaining area of our mining concession area so as to map out the next phases of growth and to identify new concession areas for future acquisitions."

 

The group noted that it has explored roughly two-fifths of the mining concession area - which it said was valued at a preferred market value of US$58 million by an independent valuer - and plans to keep on carrying out exploration drilling and evaluation activities in the rest of the area.

 

It added that the independent qualified person report has estimated the inferred and indicated mineral resources in the 494-ha concession block to be some 66.5 million wet metric tonnes (wmt).

 

Silkroad Nickel has said that it will resume trading - which has been suspended since China Bearing became a cash company in late 2015 - on Monday.

 

Source : Annabeth Leow / The Business Times

29 July 2018

Mining & Oil Gas Solutions © 2015 SNC Technologies. All right reserved