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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based mineral resource exploration company. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Comment by Miwah_on May 07, 2013 8:12pm
103 Views
Post# 21349461

RE: BAD NEWS....

RE: BAD NEWS....

Forest clearance moratorium lives on

Forestry Minister Zulkifli Hasan confirmed on Tuesday extension of the 2011 forest moratorium due to expire this May.

“The moratorium will be extended. We are still discussing when it will be extended until and whether coverage will be expanded,” said Zulkifli as quoted by Antara news agency.

Under the President Instruction (Inpres) No.10/2011, the government no longer issues permits for conversions of natural forests or peatland. The moratorium extension is crucial as it is part of the commitment to reduce greenhouse gas emissions by 26 percent by 2020.

Zulkifli warned that forestry companies may file lawsuits against the ministry. “We will take that risk,” he said.

On Monday, the Forestry Ministry in cooperation with the United Nations of Development Programme launched the first forest governance index to address current state of forest protection and management.

Indonesia has had one of the world’s highest deforestation rates since 1990 due to logging, pulp and paper production, agricultural expansion, fire and oil palm plantations.

“More than half of the forest in Aceh National Park is disappearing. The implementation of good forest governance through REDD+ is expected to reverse deforestation rates,” said Zulkifli.

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WE R  S C   R E  W E D...

 

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