Found this today.
Banyuwangi Council Reviews Mining Operation of Intrepid's Partner
Mining
Monday, 04 July 2011 14:44
Written by Hatman Bintang
Theindonesiatoday.com - Regional Representatives Council (DPRD) of Banyuwangi Regency in East Java province is going to evaluate mining operations of PT Indo Multi Niaga (IMN), partner of ASX-listed Intrepid Mines Ltd.
Banyuwangi DPRD suspected a number of violations committed by IMN, including tax payments and falsified reports.
"We have conducted investigation, and the results will be submitted in a hearing today,"Joni Subagyo, deputy speaker of Banyuwangi DPRD said.
The politician from National Awakening Party (PKB) said DPRD will review comprehensively IMN's operations based on opinions and concerns raised by local residents.
Intrepid Mines previously reported a group of illegal miners has damaged a small fly camp and drill rig used by the company totest an epithermal gold target on Gunung Manis near the eastern border of Tujuh Bukit project in Tumpangpitu. Fortunately, no casualties were reported from the incident.
Intrepid Mines shares as of 02.30 PM Western Indonesian Time had jumped 2.09% to $1.47 per share. At the price, the company has market cap of $762.5 million. ( [email protected] )
Indonesia Breaking News theindonesiatoday.com
Found this today.Banyuwangi Council Reviews Mining Operation of...
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