Copper miner Finders Resources has secured some $45-million in funding from Daewoo International Corporation to fund the expansion of the Wetar copper project, in Indonesia.
Under the terms of the funding agreement, Daewoo would subscribe for shares in, and provide loans to, Finders’ Indonesian subsidiary PT Batutua Tembaga Raya (BTR), acquiring a 24.1% interest in the subsidiary.
As a shareholder in BTR, Daewoo would be entitled to appoint two representatives to the subsidiary’s board and one representative to its board of commissioners. The agreement also included an offtake agreement in relation to 20% of the cathode produced from the Wetar project. On closing of the offer, Finders would have secured offtake partners for 100% of the cathode production from Wetar.
The closing of the subscription agreement and the funding agreement would be subject to certain conditions, including approval by the Indonesia Investment Authority, BTR entering into a satisfactory design and construct contract in relation to the expansion project, and the execution of a senior facility agreement. The remaining conditions for the agreement would likely be met during this quarter, Finders told its shareholders.
Finders shipped its first copper cathode from Wetar Island in May this year, with some 102.5 t of copper cathode shipped. The company was looking to expand the project from its current capacity of 3 000 t/y of copper cathode to 28 000 t/y, with the expanded plant expected to be commissioned by the first half of 2015.
We are committed to develop skills and provide opportunities for all our employees to ensure that we remain a leading and respected mining company. We are looking for suitably qualified and professional candidates to fill the following positions to be placed on site in Wetar Island with roster working system: 5/3 ( five) weeks on following 3 (three) weeks off.
Following Vacancy available:
1. 1 (one) Sn. Maintenance Planner
Responsibility :
- Supervising the maintenance management systems
- Develop and mentor maintenance staff in using Minepoint systems
- Develop, implement and maintain weekly plan with Process and Maintenance Supervisors
- Assist in the preparation and maintaining the annual Maintenance Budget
- Degree qualification in Electrical or Mechanical Engineering
- Experience in supervising a fixed plant enviroment
- Proven experience in implementing Maintenance Management Systems
- Experience in maintenance budgeting and cost control
- Prior experience in Minepoint or any CMMS software
Responsibility:
- Coordinate the trades people to ensure that they maintain a good housekeeping standard within their designated areas of work.
- Identify training needs and coordinate the trades peoples daily tasks to ensure that all training needs are met.
- Engage the crew in daily tool box meetings to identify safety hazards and method on how to control the hazards.
- Keep the crew informed of the progress made on the weekly maintenance schedule and identify upcoming jobs that will effect the operation of the plant.
- Engage the crews in policy and procedural changes to ensure that the crew both understand and support these documents.
- Using a computerized work order system (Minepoint) completion of work orders for planned and unplanned daily maintenance tasks.
- Strong hands-on exposure in mechanical maintenance for mineral processing plant with 5 years experience in a supervisory role
- Proven experience working with Jaw, Cone and mobile crusher
- Computer literate for microsoft office
Responsibility:
- Undertake all mechanical maintenance and repairs for all fixed plant equipment include pumps, agitator, pipe and valves, compressor, crusher, screen, conveyor in timely manner and comply with BTR safety policies and procedures
- Pro-actively identify the problems and organize any required works, parts or resources to ensure the mechanical availability is maximised
- Supervise and train local Mechanics to ensure the assigned tasks done correctly and safely
- Maintain a good housekeeping standard
- Trade qualification in mechanical fitting
- Min 5 years experience in a fixed plant maintenance and operation
Responsibility:
- Undertake all mechanical maintenance and repairs for all mobile equipment include : Light vehicle (all brand); Light Truck (Hino); Heavy equipment and ancilliary equipment in timely manner and comply with BTR safety policies and procedures
- Pro-actively identify the problems and organize any required works, parts or resources to ensure the mechanical availability is maximized
- Supervise and train local Mechanics to ensure the assigned tasks done correctly and safely
- Maintain a good housekeeping standard
- Trade qualification in mobile equipment mechanic
- Min 5 years experience in mining industry
- Aprrentice or OEM Training and post trade experience
- If you want to take your professional career to a new level in a committed, exciting workplace with a dynamic of new technology of copper mining process, please send your application and CV by email (max 350kb).