G-Resources Group Provides Sustainable Model for Mining in Indonesia
Hong Kong-based G-Resources Group provides a sustainable model for mining in Indonesia, shares secrets with Energy Digital.
Online, June 10, 2010 (Newswire.com) - (San Diego, CA). In an interview with Energy Digital, Peter Albert, Chief Executive Officer of G-Resources Group discusses the company's flagship Martabe project in the North Sumatra Province of Indonesia. G-Resources acquired the Martabe site in July of last year. The site contains over 140 million tons of ore, which experts predict will yield over 250,000 - 300,000 ounces of gold and 2-3 million ounces of silver when the project is complete.
However, G-Resources is more than a gold mining corporation; the company works exhaustively to incorporate the needs and goals of the community into their mining projects, employing local knowledge and man-power before hiring outside of the community. These long-term connections help the local businesses sustain the community long after the mine has been closed.
"Getting that right expertise on the ground is really crucial to the initial start up success and the long-term sustainability of the business. Building that local network, the local capability, and the local social licenses is absolutely imperative," said Albert in the interview. "We see that as one of our cornerstones of our business model."
This business model helps the company succeed in the areas in which they work. Read the full article.
About G-Resources Group
G-Resources aims to become a leading Asia-based multinational gold-mining corporation. In July
2009, the Company successfully raised HK$4.5 billion to complete the acquisition and construction of the Martabe gold-silver project in which the Company owns 95% stake. Production is scheduled to commence in 2011 with an annual production capacity of approximately 250,000 ounces of gold and 2 to3 million ounces of silver. For more information, please visit www.g-resources.com.
Share:
Tags: Business, Energy Digital, mining