Taliwang might have to wait for production Looks like the $ 100,000.00 Leon's down payment investor might have to wait. Even though Roberts attended the Regents birthday the doesn't gaurantee you can go to production. SA might never see any more money from Taliwang. Please correct me if I am wrong. Wasn't Taliwang the spot where Indotan was drilling to 900' when their permits were for only 300'. Didn't the Government slap their wrists and say they were going to make an example of PT Indotan. Could this be why they are selling for $ 100,000.00 the rights? I am not sure. In any case more stages are required. My guess, the pay off stage is the main one. Christmas is near. Cheers.
Link:
https://www.gaungntb.com/2013/11/investor-tambang-wajib-serahkan-saham-golden-share-10-persen/
Posted by:redaksi
Mandatory Mining Stocks Investor Submits Golden Share 10 Percent
TALIWANG , Gorge NTB - KSB local government stipulates the golden share shares ( free shares ) that hibah to local governments for every investor who wants to invest the field of mining in the area.
Regent KSB , KH Zulkifli Muhadli , admitting many mining companies run the field who are interested to invest in KSB . It said they are ready to give permission to companies to exploit natural resources in question owned subsidiary, for the existence of profitable enterprise for the district and the community.
"One of the conditions is to submit a minimum of 10 percent shares of golden share to local government. Grant shares are inherent seriousness enterprises wishing to invest time as the form of their social responsibility for the benefit of the district and the community, " she explained .
Regent reveal some enterprises now have a Mining Business Permit ( IUP ) , but not yet begun operations , because there is still a stage that must elapse before mendapatakan IUP production .
"The condition of the above obligation is yes , at least 10 percent of the shares delivered to the local government golden share . that one of the conditions that must be fulfilled enterprises, " he repeated.
About stock golden share of 10 percent required for all investors fare , also alluded to the Regent when a memorial Builder Birthday ( Harla ) KSB last November 20th .
"I will support all of the companies to do the processing on the potential environmental KSB , for duty as a company , including shares 10 percent met the problem , " he said.
Enterprise which has a 10 percent stake in ensuring delivery of the golden share is PT Indotan West Sumbawa is currently pending IUP production .
Faced Islam PT . Indotan , H Robert is currently attending the memorial Harla KSB , insists owned enterprises since the beginning has expressed its willingness to give free shares to the government KSB , "Yes, we have provided the government undertakes KSB and is currently in the stage of asking IUP current production , " he said.
It is hoped that soon the local government intended to issue IUP Indotan production can begin preparing several stages towards production .