Paramount Mining has renegotiated its acquisition of the Gunung Rosa gold-silver-base metal project in Indonesia’s West Java province. The new terms allow for payment to PT Cikondang Kancana Prima (CKP) in three stages, and will mean Paramount owns 72.25% of the project on completion.
Straits Resources’ Mt Muro Gold Project in Central Kalimantan has held production rates steady after its 2011 redevelopment with 7898 ounces of gold and 163,198 ounces of silver produced in the quarter ending December 31, 2011. 
West Australian-based exploration company Rubicon Resources will earn up to 85% in a gold project in West Kalimantan under a new acquisition deal with PT Hasil Kharisma Alam.
A scoping study to assess two production scenarios has confirmed there is potential to develop an economically viable operation at Baobab Resources’ Tete iron-vanadium-titanium project in Mozambique.