Medan-G-Resources Group Ltd., a Hong Kong company, optimistic Martabe gold and silver mines in South Tapanuli, North Sumatra, ready to produce the end of March 2012. Construction work and other supporting facilities now being accelerated.

Chief Executive Officer (CEO) G-Resources Group Ltd Peter Albert explained that the project work which has now reached 70 per cent rushed for 24 hours straight. Workers who are deployed to achieve 4,000 people.

Dozens of contractors engaged to complete a job. Start of road infrastructure, piping, greening, waste treatment, mineral processing unit office until the gold and silver. Sopo Nauli even office buildings have been completed and officially opened Regent South Tapanuli, Syahrul Pasaribu, Saturday (14 / 1).

From Martabe project, the company listed in Hong Kong is targeting to produce 250 thousand ounces of gold and 2.5 to three million ounces of silver per year. "Targeting is done gradually until fully achieved in the next year," said Peter.

He said the fund is invested G-Resources for this project is nearly U.S. $ 500 million. He estimates, up to three months ahead, the investment is approximately U.S. $ 600 million or equivalent to Rp 5, 5 trillion.

Mining Project Manager Martabe Agus Supriyanto said the first stage of production starting from Purnama Pit, which is one of the six points that have the potential of gold and silver. While others are Pit Joring Ramba, Horas, Tor Uluala, and Barani unexploited. Purnama mining activities from the point of 30,000 hectares of it could reach 10 years.

Agus explained, the end product is a mixture of Martabe gold and silver in bullion form. Through cooperation with state-owned PT Aneka Tambang, a mixture of gold-silver was sent to for refined precious metals into gold and silver with high purity. "Only from there will be directly sold on the international precious metals markets," he said.

Martabe project resources reach 7.46 million ounces gold and 72.6 million ounces of silver. While proven reserves reached 3.034 million ounces of gold and 33.63 million ounces of silver, said Agus. The project was established under the sixth generation of the work contract that was signed in April 1997. Martabe ownership controlled by the G-Resources after buying the concession of mining company OZ Minerals on the mid-2009.

G-Resources then handed a five percent stake in the Martabe project to the local government with details of 70 percent from five percent is owned by the government of South Tapanuli and 30 percent of the provincial government of North Sumatra.

While Regent South Tapanuli, Syahrul Pasaribu during the inauguration of office facilities Martabe Project urged that production could begin considering the existence of these mines is very important to encourage economic growth and local employment. "It's as well as to remove suspicion from some who questioned the commitment of the G-Resources to continue its investment in the Martabe project," said Syahrul.

According to him, the district Tapsel this year has been allocated from the receipt of dividends amounting to Rp 5 billion Martabe project. Syahrul also not disputed the existence of a controversy as to whether the application of divestment of shares for Martabe project.

According to him, the more important is the production activity can be run so that the target uptake of 70 percent of local workers in Martabe project can be realized. "Commitment to a five percent stake to the government has already demonstrated the good faith of the company," said Syahrul.