JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) expects to commence operation from the Poboya gold mine in Palu, Central Sulawesi by the end of the year. The mine is managed by the company’s subsidiary PT Citra Palu Minerals.
“We expect to start our plant’s operations in Poboya by [the] end of this year. This will be followed by trial production from the mine as soon as possible,” said BRMS CEO Suseno Kramadibrata in an official statement received by IDNFinancials.com, Wednesday (30/10).
In addition, BRMS is also collaborating with NFC China to complete an infrastructure facility in the company’s zinc and lead in Dairi, North Sumatra. The company is also trying to accelerate the production schedule of its Gorontalo gold mine.
In the third quarter of 2019, BRMS posted a net profit of US$ 1.05 million. In the same period last year, the company booked a loss of US$ 93.91 million. (MS)