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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?


To: Donald F. DeKold who wrote (3205)5/5/1998 11:05:00 PM
From: Junaidi  Read Replies (1) | Respond to of 4718
 
Donald, artisinal mining is huge in Indonesia and in 99% of cases illegal. There are no environmental controls. The price of gold has risen 325% from about Rp 735,000 per ounce to Rp 2,400,000. Unfortunately for the illegal miners, the price of Harleys has risen commensurately.

PS. As a matter of interest, it was the presence of illegal miners that led to the original discovery of B----g in 1988. It was the lack of illegal miners from the streams draining Bre-X's South-East zone which should have been a dead give-away that something was v. fishy.

Junaidi