Project Overview
- Location: Central Kalimantan, Indonesia (Kabupaten Gunung Mas)
- Concession Area: Approximately 2,793 hectares under license with partial forest permit covering 449.73 hectares
- Project Duration: 20 years operational life cycle
- Ownership: Partnership between multiple investors with a 30% / 70% share division
- Key Minerals: Zircon, Ilmenite, Rutile, and Silica ores
- Mining Method: Open pit with potential dredge mining due to high water content in deposit
Role of ABCLON Group & CV Elian Indo Kalteng
- ABCON GROUP has been formally appointed as the Project Management Company responsible for managing all phases of the planned share acquisition of CV Elian Indo Kalteng by PT Bristol Asia Technology.
- This appointment, recognizes ABCON GROUP’s expertise to conduct the acquisition process transparently, efficiently, and in compliance with regulations.
Annual Production Estimates
- Silica: 2,339 MTPA (97.78%) valued at 58.5M/year
- Zircon: 6,236 MTPA (0.269%) at 11.6M/year
- Ilmenite: 6,236 MTPA (0.269%) at 7.9M/year
- Rutile: 7,010 MTPA (0.293%) at 8.4M/year
- Total Annual Production: 2,392 MTPA generating roughly $86.4M revenue annually
Capital Expenditures (CAPEX)
- License approval: $1.33M
- Open pit mining setup (capacity 2.3 million MTPA): $1.89M
- Infrastructure (roads, camp, utilities, warehouse): $7.73M
- River port and loading facilities: $10.0M
- Processing plant and equipment (Zircon, Rutile, Silica): $15.33M
- Mining machinery: $2.85M
- River fleet vessels: $6.9M
- Contingency/other investments: $0.5M
- Total CAPEX: $42.39M
Processing Plant Details
- Capacity: 84,000 MT of Heavy Mineral Concentrate per year
- Status: 90% complete; built with Chinese technology, intended for local operation
- Facilities: Power (1 MW line + 2×250 kW generators), water reservoir, warehouses, office, living quarters for 50 staff, canteen
- Equipment: Magnetic and electrostatic separators, Humphrey spirals, feed hoppers, conveyors, dryers, forklifts, rotary dryers
- Pending Purchases: Additional magnetic separator line for rutile (0.05M)
Geological and Operational Highlights
- Productive ore layer approx. 20 meters thick
- Overburden: About 1.5 meters (0.5 m organic soil + 1 m rocky soil) suitable for excavation
- Mineral concentration: 5% Heavy Mineral Concentrate (HMC) in ore; 50% zircon content within HMC
- Current informal local processing limited due to overburden texture
- Mining suited for dredging methods facilitated by abundant water supply
- Geological survey to be completed in 2-3 months with estimated cost of $0.15M
- Electricity infrastructure requires extension of 7 km power line, negotiations ongoing with local providers