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Bumi Resources finds additional gold and silver deposits in Central Sulawesi

Bumi Resources finds additional gold and silver deposits in Central Sulawesi
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Company director misappropriated over $1 1m from investors

Singapore News - A company director was sentenced to six years’ jail on Monday for misappropriating more than $1.1 million of his. Read more at www.tnp.sg

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China-backed mine in Indonesia poses high risk, World Bank watchdog warns

JAKARTA A China-backed zinc and lead mine being developed in Indonesia’s Sumatra Island may pose “extreme” risks to the environment and nearby communities, according to an assessment by the World Bank’s internal watchdog. Public opposition to the project forced the developer to suspend it indefinitely earlier this year, but not halt it. The WB’s […]

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Man admits to misappropriating over $1 4m in teak wood investment scam

To dupe people into investing, the man and his father invited potential investors to seminars and even a site visit to a teak plantation. . Read more at straitstimes.com.

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More coffee, less gold: Sumatra farmers alarmed over revival of mine project

LINGE, Indonesia Indonesian coffee farmers on the island of Sumatra have spoken out against a plan to mine for gold in an area that overlaps with one of the last known habitats of Sumatran tigers and orangutans. The Linge Abong project in Aceh province was conceived more than a decade ago, and was blocked […]

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