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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: Greg W. Taylor who wrote (945)	2/23/1998 9:24:00 PM
From: gmweber	Read Replies (3) of 2346

Greg W. Taylor Is this the one you are referring to: From the Kitco web site. Date: Sun Feb 22 1998 22:39 6pak (Indonesia @ Gold ) ID#335190: February 22, 1998 FOCUS-New contracts fillip for Indonesian mining JAKARTA, Feb 23 ( Reuters ) - The Indonesian government has announced a fresh round of 38 mining contracts that will allow foreign firms to develop gold, silver, nickel and diamond deposits in this sprawling mineral-rich archipelago. "The event is a strong signal that Indonesia is open to foreign participation in this important sector," said Canada's Ambassador to Indonesia Gary Smith. "Of the 38 contracts, fifteen directly involve Canadian mining and exploration interests," he said in a statement last week. The proposals have been carefully vetted to avoid any repeat of last year's fiasco involving Canada's Bre-X Minerals which claimed the gold find of the century in Indonesia, only for it to turn out to be a costly fraud. "We carefully select the applicants because we don't want situations like the Busang case happening again," said Mines and Energy Minister Ida Bagus Sudjana. canoe2.canoe.ca regards gmweber

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