SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Greg Butcher who wrote (25757)6/25/1997 12:58:00 PM
From: strenlich   of 28369
 
Indoleech Infestation Spreads-....."sweeping rights to demand increased equity in, and profits from, new mining ventures in the mineral-rich country. Reporter Raphael Pura says the proposed terms stunned foreign mining executives in Jakarta, who say they are not acceptable and if adopted, could kill investor interest in Indonesian mining ventures. The new contracts would give Indonesia the power to demand a seemingly open-ended amount of equity
in foreign-owned mining ventures as well as a large say in where and how foreign investors issue stock to finance their companies. The terms would also give the government the right to a portion of "capital gains" that foreign investors make on foreign stock markets from their holding in an Indonesian mining venture. Another provision would greatly restrict the employment of foreign mining personnel in Indonesia."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News