Yet another progress for Southern Arc's project
Southern Arc Minerals Inc told TSX Venture on Tuesday that minister of public works has signed the revision of the provincial regulation (Perda) on West Nusa Tenggara spatial planning, which might pave the way for its gold and copper project in the province.
Southern Arc said the National Spatial Planning Body (NSPB) completed its work on the new regulation in November and earlier this month referred the document for the approval of the Minister of Public Works, who oversees the NSPB. The Minister has signed the Perda and it has been forwarded to the Provincial Legislature in Mataram for its final approval and enactment into law.
Southern Arc has currently assembled a portfolio of six projects on the islands of Java, Lombok and Sumbawa. Sumbawa Island hosts Newmont Mining's world-class Batu Hijau mine, which adjoins Southern Arc's Taliwang property immediately to its north.