You may have missed the point, this is only in NTT, not all Indonesia. The local governor in NTT has just been elected, he ran as a candidate for the position and stated that ALL mining in NTT would be shut down. The locals are sick to death of mining in the area and have given the new governor a resounding victory. He ran on the platform of closing down ALL mining in NTT and is now acting on his promise.
Those GMC investors who wish to not believe it will pay dearly for their foolishness.
Google it yourself and translate it and you'll see it for yourself.
"KUPANG, KOMPAS.com - The results of the recapitulation of East Nusa Tenggara (NTT) Regional Election votes held by the local Election Commission (KPU) on Monday (07/09/2018), showed that the pair Viktor Bungtilu Laiskodat and Josef Nae Soi won the most votes."
JAKARTA, KOMPAS.com - East Nusa Tenggara ( NTT ) Governor Viktor Bungtilu Laiskodat has promised to stop all mining activities in his territory. That policy is one that he will implement in the near future. "Mine, all of us are moratoriums," Viktor said when met after his inauguration at the Presidential Palace, Jakarta, Wednesday (05/09/2018).
During the moratorium, he and the special team will examine whether the mining activity has fulfilled the rules and regulations or not. Including the matter of whether the activity is feasible or not. Viktor said, NTT is an area with beautiful natural wealth. He did not want mining activities to damage the beauty. "It's a small but beautiful place. So if a small and beautiful person is not allowed and cannot be disturbed," Viktor said.
GMC Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
