SIH 0.00% 0.2¢ sihayo gold limited

sih take note arx

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    http://www.abc.net.au/news/2012-01-28/indonesia-revokes-australian-mining-permit/3798476?
    Indonesia has revoked a gold mining exploration permit granted to an Australian miner following deadly protests against the project.

    In 2010, West Nusa Tenggara province granted exploration rights to Australian Arc Exploration (ARX) and local miner Sumber Mineral Nusantara - a project that covers some 250 square kilometres of Sumbawa Island, which is near Bali.

    In December, police fired on anti-mining protesters in Bima city and two people were killed.

    The decision to revoke ARX's permit came after thousands of people against the mining operation demonstrated last week at Bima.

    Government buildings were set on fire during the protests.

    "We decided to revoke permanently the permit for the sake of security stability here," Bima district head Ferry Zulkarnain told local television station MetroTV.

    "We're ready to face any possible legal lawsuit by mining companies against the revocation," he told state news agency Antara.

    Critics worry the project would have a negative environmental impact.

    ARX had halted its early-stage exploration activities following the violence.
 
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