ESG

Nusantara clears regulatory hurdle

NUSANTARA Resources has put to bed one of its major sovereign risks, signing a new contract of work with the Indonesian government that gives it security of tenure over its emerging two million ounce Awak Mas gold project until at least 2050.

Nusantara's Awak Mas camp.

Nusantara's Awak Mas camp.

Under the new contract it is required to divest a controlling 51% stake in the contract to Indonesian participants "at fair market value" by the 10th year of commercial development, which is not expected...

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