Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. 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.

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Baru Gold Corp

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Comment by copler_anadoluon Aug 19, 2010 12:29am

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Post# 17363932

RE: Indo and Newmont

Newmont Nusa Seeks $1.4 Billion to Expand, Daily Indonesia Says

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By Berni Moestafa
Aug. 19 (Bloomberg) -- PT Newmont Nusa Tenggara expects to raise $1.4 billion through an initial public offering and bank loans to develop projects, including the Batu Hijau copper and gold mine, Investor Daily Indonesia reported without saying where it got the information.
The company, a unit of Newmont Mining Corp., targets $800 million from the initial share sale. UBS AG has been appointed to help arrange the sale, according to an unnamed person cited by the newspaper.
To contact the reporter on this story: Berni Moestafa in Jakarta atbmoestafa@bloomberg.net
Last Updated: August 18, 2010 20:53 EDT

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