WWI 14.3% 1.2¢ west wits mining limited

Ann: Quarterly Activities and Cashflow Report, page-5

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  1. 1,935 Posts.
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    this bit is for you navygulf

    C. RUMOURS OF EVICTION AND THE
    OPM’S INVOLVEMENT
    Into this potent brew came an Australian mining company
    that made clear it would play by the rules and undertake
    exploration that complied with all existing laws. It walked
    directly into the minefield laid by the illegal operators and​
    protected by the police and became mixed up in a family
    feud as well. One of the entrepreneurs running an illegal
    mining operation in Degeuwo was Haji Muhammad Ari,
    a Bugis who had started work in 2004. He brought in his
    younger brother, Dasril, who eventually set up a legal company
    called PT Madinah Qurrata’ain.88 In 2009, the Paniai
    government gave the company a permit to mine for gold
    over a 40-hectare area that included Location 81. Haji Ari
    initially had no problem with his brother’s company. But
    when in 2009, it joined with the London-based Mercator
    Gold in a share offer which was taken up by a Melbourne based
    company, West Wits Australia, it spurred fears that​
    illegal miners would be forced out.


    regards timmo
 
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