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Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT


Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreement with Paramount’s Indonesian strategic partner, PT Dana Mitra Utama.

The Agreement governs the operations of PT Paramount Cipta Persada (PT PCP), which is a 90/10 joint venture between Paramindo and Dana respectively, engaged in metals-related exploration and development projects in Indonesia.

Paramount is targeting exploration ground in Indonesia with high potential for coal deposits of specific quality types, to meet growing demand. It is also investigating other related opportunities in coal delivery and infrastructure. 

Paramount will also continue with gold and diamond exploration.
Source: Market Stock



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