Finance > Project-finance

Asiamet to double Beutong stake

Asiamet Resources (LN:ARS) aims to raise up to £7.2 million (US$10 million) through a share placement to increase its ownership in the Beutong copper project in Indonesia and accelerate expansion drilling programmes at its KSK properties.

Staff reporter

Finance > Project-finance

Asiamet to double Beutong stake

Asiamet Resources (LN:ARS) aims to raise up to £7.2 million (US$10 million) through a share placement to increase its ownership in the Beutong copper project in Indonesia and accelerate expansion drilling programmes at its KSK properties.

Staff reporter

Asiamet to double Beutong stake

Asiamet will double its stake in the Beutong copper project in Indonesia to 80%

The company said it would place up to 65.4 million at £0.11 per share, representing around 7.1% of Asiamet's current capital.