JAKARTA (Yosefardi) – Australia-based One Asia Resources Limited (OAR) is ready to mine gold in Pani mountain, Pohuwato district, Gorontalo province.
The company will invest US$150 million, equialent Rp1.8 trillion, for this project. It has secured loan facility of US$150 million from Macquarie Bank Limited Australia.
The company targets to produce up to 150,000 ounces of gold per year. For working on this project, OAR has built partnership with local cooperatives.