Welcome to Indo Mines Limited
Indo Mines Limited (ASX:IDO) is an Indonesian-focused mining and metals company committed to developing and unlocking the potential of iron sand mineral assets to establish itself as a low cost domestic iron manufacturer and becoming the supplier of choice to the growing Indonesian and Asian Steel and Metals Industry.
Indo Mines have made significant progress towards the development of its 70% owned Jogjakarta Iron Project where it plans to produce 2 million tonnes per annum of iron concentrate.
Following completion of a feasibility study in 2011, Indo Mines has received approval for its Environmental Impact Assessment which provides the green light for the project to proceed within the boundaries of the submission.
The Company’s major shareholders consist of the Rajawali Group, a large Indonesian group with diverse interests, and Rockcheck Steel Group Co., Ltd, one of China’s largest privately owned iron and steel producers.
It has a strong Board with the vision to be the world’s number one producer of iron concentrate and associated products from iron.