- Mining group Asiamet Resources said it had received an offer from shareholder Aeturnum Energy to acquire a majority stake in the KSK CoW copper project in Indonesia.

'Both parties remain engaged and negotiations with Aeturnum continue and a revised offer for the KSK CoW is expected shortly, the company said.

Aeturnum Energy currently held 19.9% of Asiamet Resources.

The company confirmed that all field activities in Indonesia were on hold in line with the government's response to Covid-19.

'While field activities have been suspended, Asiamet has continued to advance all the key technical, permitting and commercial workstreams required to de-risk the BKM project in preparation for the project financing stage,' it added.

At 1:41pm: [LON:ARS] Asiamet Resources Limited share price was +0.1p at 3.2p

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