Indo Mines receives environmental approval

THE BOURSE WHISPERER: Indo Mines has received the had its Company’s Environmental Impact Assessment (known as AMDAL in Indonesia) approved by the Bupati Kulon Progo (Regional Government) in relation to the company’s Jogjakarta iron project.
The company highlighted the importance of the approval saying it provides the green light for the Jogjakarta project to proceed, within the specified boundaries of the submission.

The AMDAL is an independent and comprehensive assessment of the significant environmental and social impacts likely to result from the proposed implementation of the Jogjakarta project.

Approval has been received for several key documents which cover the entire mine life of the Jogjakarta project and include the:

–    Environmental Impact Analysis (ANDAL);

–    Environmental Management Plan (RKL); and

–    Environmental Monitoring Plan (RPL).

The AMDAL submission was based on world best practice environmental standards along with extensive consultation with all stakeholder groups and incorporates the company’s agreements with the local community.

 “We have been working closely with our Indonesian partners and the Regional Government on the AMDAL process for three years now and this approval reflects the co-operation brought to the process by all sides,” Indo Mines managing director Martin Hacon said in the company’s announcement to the Australian Securities Exchange.
“It is the most significant milestone achieved to date by the company in the development of the Iron Project and provides a framework for a true partnership between the operators and the local community.”