Found this article. My guess is PT Indotan is stating they have run out of money or at least that is what is being said.
Employees laid off, PT. Indotan Stop Operations
Location mine in West Lombok Swamp. This location is much used by people from outside the district and the district make a living, even though the government has prohibited.
PT Indotan West Lombok Rise (Pt. ILLB) since 2013 and, because of unexpected pause operasionalnya financial questions. Canada's original enterprise ditengarai suffer from lack of funds so as not willing to fund the next stage of exploration.
Currently, PT ILLB still looking for work partner who can support financially to continue the exploration stage. Cessation of operation of PT ILLB cause had housed 200 employees.
This was conveyed Head of Department of Mines and Energy (Distamben) West Lombok (Highlights), John Darmaraya found in his office on Tuesday (07/15/2014). '' Indotan (PT ILLB) still suffer from the constraints of lack of funds since 2013. Till temporarily stop operations,'' says Bob.
According to the information they get from the PT.ILLB himself had obtained work partner from Canada could be invited to cooperate. Even according to the information, going down to the field and August this action can be expected in the field.
So how relevant shares in PT. ILLB? He related his own shares will not be changed. It's just to get attention is a workforce of approximately 200 people housed. '' Total workforce of about 200 people. That's because it housed temporarily unemployed,'' he explained, while mentioning the employee's portion of the outer and most local workforce.
While fixing related mining region of (WPR) Swamp still plagued EIA is not complete. Currently a consultant team is working to manage the EIA. According to EIA's make take longer because not easy. '' There are about about 17 studies that have to be met,'' he asserted.
It targets after Nona progress EIA will diekspose. Then he said, when there is an EIA can manage permissions in the forest for one of its terms is an EIA. "Hopefully, August and September of this bias WPR action,'' tukasnya.
Separately, President Director of PT SDM. ILLB, Thanks Nuralam state, partner-related work has not been set because investigations were still doing. Partner work, he said, could have been from within the country and abroad such as the United States. '' As far as this being the investigations were in near instant a decision,'' he said.
He admitted as far as that goes, but a lot is still being processed. Related target when operating, it predicts about two months. Currently, he said, for a while there is no activity in the field. When this process is the level of engineering study. (voice NTBs)