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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)
TWG 3.520+7.0%Jan 2 9:30 AM EST
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To: Tom McIlwain who wrote (451)3/28/1997 3:22:00 PM
From: Gary Jacob   of 495
 
March 28, From Bloomberg News:
Indonesia to Delay New Mining Work Until Bre-X Issue Resolved

Indonesia's government will put the process of granting
mining contracts on hold until it's certain of the size of Bre-X
Minerals Ltd.'s Busang deposit, the country's top mining official
said. The delay will affect dozens of companies, including
Canada's Indomin Resources Ltd., Placer Dome Inc. and Barrick
Gold Corp., that want to do exploration work in the country. Last
week, the government granted provisional approval to 68 companies
for mining permits, called contracts of work. Bre-X won't receive
its mining permit until the size of the deposit is understood,
said Kuntoro Mangkusubroto, Indonesia's director general of
mining.
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