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Shares in AIM-listed Asiamet jumped 71% on Thursday after the miner executed a heads of agreement to sell its Kalimantan Surya Kencana (KSK) contract of work in Indonesia – which includes the BKM copper project – to Singapore-based commodities trader Aeturnum Energy for US$163.4 million.
Asiamet's BKM copper project is located in central Kalimantan, Indonesia
The provisional agreement, which is expected to form the basis of a binding SPA in about a month - COVID-related delays notwithstanding - will see Asiamet retain a 22.
Two groups looking to partner while one looking to take majority interest
Asiamet gets new partner for BKM
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