Foreign companies can't hold a mining license. Therefore our Indonesian 'partners' hold the license and we hold an economic interest through contracts we have with PT IMN.
Which is why they can (and have) kicked us off the site. If/when we get back to the negotiating table with PT IMN, we need to form a foreign capital investment company to hold the license, which we would own 80% of.
Not sure if that helps? But for now we need to get access to the site again in the first instance and then this contract stuff will follow. There is a lot of steps in between i'm afraid.
can some put this in english , page-2
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