I2M Associates's Web Portal for Geoscientists
About this Portal 
Index / Mining & Minerals - Evaluations / Gold-Silver Exploration and Mining Projects

2/14/2015 by mdc
Henry Lazenby reports that the TSX- and ASX-listed Besra on Wednesday announced that it had resumed production at its Bong Mieu gold mine, in central Vietnam, after a hiatus of almost 11 months. Operations at Bong Mieu were suspended in November last year following substantial damage to local roads and infrastructure by several typhoons. Operations restarted briefly in June, only to be stopped a month later by the application of coercive measures by the Quang Nam Tax Department.

Besra said the coercive measures had now ended, providing it with the opportunity to restart the mine and plant. The company added that it would take between three and six months to ramp up to the preclosure production level of around 350 tons per day. Initial mill throughput would be around 100 tons per day while dewatering of the mine continued.
Besra noted that it was still awaiting the outcome of the deliberations by the Office of the Prime Minister regarding reopening the Phuoc Son mine. It said coercive measures were still in place at Phuoc Son, preventing the restart there.

Earlier this week, the Prime Minister visited Quang Nam province where, according to local press reports, the Quang Nam People Committee asked that he instruct relevant government bodies to quickly resolve the issues relating to Besra and devise a plan based on the QNPC proposal for extension of tax debt collection, which included the lifting of coercive measures, paving a way for the mine to a return to operations.
The company also said it intended to litigate a 4.5 million dollar property loss and business interruption insurance claim, stemming from the typhoons, lodged more than nine months ago.

Resource thumbnail
Open Resource  |  2015/02/14  |  333 Report Broken   Tell Friend

About this Portal