PT
Sorikmas Mining (PTSM) is a foreign joint venture company operating within a generation VII Contract of Work located in the Mandailing Natal region of Northern Sumatra. PTSM is in the process of completing a feasibility study along with obtaining associated permitting and approvals for the Sihayo Pungkut Gold Project(SPGP) that was discovered in 1998.
This exciting new project will be constructed approximately 15 kilometres from Panyabungan and is expected to treat 1Mtpa. SPGP has an expected operating life of 10 years. although additional gold resources are expected to be discovered in this prospective area to increase the project life.
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