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Bullboard - Stock Discussion Forum 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... see more

TSXV:BARU - Post Discussion

Baru Gold Corp > BARU.v - Indonesia new Mining Minister previous Director TMS
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Post by brodeur on Oct 21, 2024 10:59pm

BARU.v - Indonesia new Mining Minister previous Director TMS

Seems like there's some explosive fireworks behind the scenes that may propel Baru to the stratosphere with the newly installed Mining Minster in Indonesia, Todotua Pasaribu.

Read this article, translated below. The title says it all. And Miwah is coming back into the vocabulary!
https://kumparan.com/kumparanbisnis/prabowo-minta-yuliot-dan-todotua-permudah-izin-usaha-wamen-investasi-ada-2-23ijr2GWOWk

Prabowo Asks Yuliot and Todotua to Facilitate Business Permits, Are There 2 Deputy Ministers of Investment?

Deputy Minister of Investment Yuliot was also summoned by Prabowo Subianto to Kertanegara, South Jakarta, Tuesday (10/15). After meeting the president-elect, he admitted that he was again given the task of managing investment.

One of Prabowo's focuses, he said, is simplifying business licensing in Indonesia to make the investment climate attractive.
 
"Earlier we received direction from the president-elect, his direction was to simplify regulations for business activities. So far the process has been quite long, so we asked for it to be simplified," he said.
If the investment climate is attractive, he said, there will be many economic activities that can be done. One of them is downstreaming.

Prabowo also asked him to have synergy between ministries and institutions so that they are no longer compartmentalized in order to boost the economy. Interestingly, next to Yuliot there is a new non-government figure. He is Todotua Pasaribu who admitted to being asked to help Prabowo with investment matters

"The two of us, have met with the president. In principle, the president-elect asked us to help him in the next government. The message conveyed was to create a good investment climate because the next government is targeting an 8 percent economy," he said.

Quoted from the LinkendIn account, Todotua is the CEO of Bomba Group. He is also said to have experience managing assets in Sangihe and Miwah in Indonesia. Quoted from the Baru Gold website, a gold mining company, Todotua has served as Director of PT Priamanaya Internasional, PT Pundimas Chatura Indonesia (Chatura), PT Katingan Ria, PT Rezeki Bersama Teknologi (Finplus) and Thopas Indonesia Group (Thopasindo); Member of the Indonesian Young Entrepreneurs Association (HIPMI) and the Indonesian Chamber of Commerce (Kadin). Todotua is an alumnus of Industrial Engineering from Trisakti University (Trisakti).
Comment by momo14 on Oct 22, 2024 10:59am
Tons of gold in Sangihe and a small flota BARU next runner!!
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