SIH sihayo gold limited

An article in the Australian today discusses the severe...

  1. 37 Posts.
    An article in the Australian today discusses the severe implications of Ministry of Energy and Mineral Resources Regulation 27/2013 which clarifies 2009 Mining Law and imposes further procedures for the divestment of shares and other requirements for foreign mining ownership in Indonesia:

    http://www.theaustralian.com.au/business/mining-energy/the-implications-of-indonesias-mining-law-are-now-clear-but-its-consequences-are-not/story-e6frg9df-1226758553781

    It indicates that the divestment and pricing procedures under the 2009 mining law will override those applying to pre-existing COWs.

    I'm sure I remember that some time back Sihayo stated that this new legislation would not affect them adversely, however does anyone know if this new MEMR 27/2013 changes that position?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.