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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

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.


TSXV:BARU - Post by User

Post by brodeuron Sep 02, 2024 11:21am
543 Views
Post# 36205187

Baru.v - Indonesia opens up to the world

Baru.v - Indonesia opens up to the world

There's a lot of movement in Indonesia that will open the country for international business including mining. Should be very well received on not only permitting but additional processing before exporting. Does this mean they will provide grants and subsidies to do so?

https://asia.nikkei.com/Editor-s-Picks/Interview/Indonesian-minister-urges-investment-in-Jokowi-s-mineral-strategy

 

"President Joko "Jokowi" Widodo's administration has adopted a policy of promoting the development of domestic processing industries for nickel and other commodities rather than exporting the raw materials."
 

"The vice minister also said Indonesia is moving to ensure market openness for foreign investments -- it has applied to join the Organisation of Economic Co-operation and Development (OECD), which requires high standards for its members."

"After Jokowi's term ends in October, the next government will continue working for the 2045 goal, Mansury said. "It is already being discussed within the existing cabinet that we hope we will be able to continue on this path of being able to maintain and implement the vision."

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