Welcome
Indo Mines Limited owns a 70% interest in the Jogjakarta Pig Iron Project located approximately 30 kilometres from the major city of Jogjakarta, Indonesia. In November 2008 Indo Mines signed a Contract of Work with the Indonesian Government to develop the Project. The Company is now in the process of completing the Bankable Feasibility Study and arranging finance. The Project has a JORC compliant mineral resource of 605 million tonnes and the initial focus is to mine and process the 273 million tonne surface sand unit down to a maximum depth of 9 metres.
The Company's first coal mining operations have commenced at the Mangkok Coal Project, which is located in a major coal production area 95 kilometres north of Banjarmasin, the capital of South Kalimantan, Indonesia.
The Company is on schedule to produce 50,000 tonnes per month of high quality thermal coal by August 2010.
The Mangkok Project is an open-cut mining operation that will commence production adjacent to an area previously mined. The removal of overburden is currently being undertaken and the Company will also continue further exploration and in-fill drilling whilst in operation to identify new coal seams on the concession.