GMC 0.00% 0.6¢ gulf manganese corporation limited

I would doubt whether a single miner has a legitimate mining...

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  1. 4,695 Posts.
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    I would doubt whether a single miner has a legitimate mining lease that will be held up as legal by the new Governor. When you consider how these leases, exploration permits were issued years ago. They were mostly acquired through corrupt officials.
    DSO will never happen now.

    "One quick fix often put forward by officials and business interests is revenue from mining. East Nusa Tenggara has vast reserves of manganese, gold and marble and mining activities have increased exponentially in recent years. Each month district heads grant more mining licences but it is impossible to know exactly how many have been issued. In early October 2009, the Kupang Post reported that the district heads of Timor Tengah Selatan, Timor Tengah Utara and Belu had issued 133 mining exploration permits without the knowledge of the provincial governor. Further, the district government of Belu helped establish an association of 56 manganese producers, the ‘Association of Manganese Companies in Belu District,’ intended to assist the government in managing manganese mining activities and in developing the district. Decentralisation of government in 1999, which gave district governments and officials access to huge mining revenues, has facilitated a ‘no fuss’ granting of permits to the mining companies."
 
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