Indonesia’s’ fully integrated mining to steel solution
Indo Mines Limited (ASX:IDO) is an Indonesian-focused mining and metals company committed to developing and unlocking the potential of iron sand mineral assets to establish itself as a low cost domestic iron manufacturer and becoming the supplier of choice to the growing Indonesian and Asian Steel and Metals Industry. Currently, Indo Mines is in the development phase of becoming a fully integrated steel producer utilizing low grade iron sands. Over the last years its core focus has been research and developing the Kulon Progo iron sand deposit to commercially viable status.
The Company’s major shareholders consist of the Rajawali Group, a large Indonesian group with diverse interests, and Rockcheck Steel Group Co., Ltd, one of China’s largest privately owned iron and steel producers.
Indo Mines is committed to environmental sustainability and will strive to maintain and continually improve its environmental management practices. In relation to the Jogjakarta Iron Sands Project, Indo Mines contracted URS to complete an Initial Environmental and Social Scoping Study which identified no unmanageable community or environmental issues in relation to the development of the Project. It is also committed to support local community surrounding the project site by providing constant information, support, training and employment opportunities throughout the duration of the project. This is to leave a positive imprint in the social and economic conditions for the Indonesian people.
Moreover, as the health and safety of the employees is a paramount concern, sound occupational Health, Safety and Environmental management practices are in the best interests of our employees, our business, our shareholders and the communities in which we operate. Indo Mines will strive to promote a safety orientated working environment where all individuals understand the importance of safety values and expected behaviour on all the projects.