Currently viewing Global edition

Inflation drives Asiamet to resize BKM Indonesian Cu project

AIM-listed Asiamet Resources has resized its BKM copper project in Indonesia to keep a lid on costs amid the tough global financial conditions.

Inflation drives Asiamet to resize BKM Indonesian Cu project Inflation drives Asiamet to resize BKM Indonesian Cu project Inflation drives Asiamet to resize BKM Indonesian Cu project Inflation drives Asiamet to resize BKM Indonesian Cu project Inflation drives Asiamet to resize BKM Indonesian Cu project

"We have been able to deliver a Capex Estimate which we are confident will support a robust and commercially viable project – one that is well timed for a forecast major uptick in the copper cycle 2-3 years from now,” McClelland said.

The new "high confidence" capital cost estimate is US$236.5 million, including a $26.6 million growth allowance and contingency, which is "only slightly above" the $223.