re: Ann: IGR: Integra Earns 51% Equity in the...
Indonesia will own 51% of our gold project within ten years, bringing in ownership in stages. Errr, no, they dont have to pay for it, lol. Law was passed in March 2012.
http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=146885&sn=Detail
And a 50% tax on mining exports is proposed for 2013.
http://www.minewebaustralia.com/mineweb/view/mineweb/en/page504?oid=149349&sn=Detail&pid=65
Sadly, these things reared their ugly heads after we were committed.
it'll sure leach some of the sugar out of any likely icing on the project.
GZ
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