- Asiamet said it had signed a memorandum of understanding with China Nonferrous Metal Industry's Foreign Engineering and Construction, to carry out the next phase of development of the company's BKM copper mine located in Central Kalimantan, Indonesia.

As part of the proposed engagement with Asiamet, China NFC, a mining, processing and contracting company, would undertake a detailed evaluation of the technical and financial aspects of the BKM copper project and propose a series of solutions to the company with respect to the value engineering and Engineering, procurement and construction management components of the proposed BKM mine development.

'Utilising a China and local Indonesian-Southeast Asian sourcing strategy is expected to lower some of the BFS capital cost inputs and enhance overall project economics,' the company said.

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