(via TheNewswire)
January 17, 2023 – TheNewswire -Baru Gold Corp (“Baru” and its subsidiary PT. Tambang Mas Sangihe (“TMS”) or the “Company”)(TSXV:BARU) (OTC:BARUF)wishes to update stakeholders and investors on the legal status on its upcoming gold production project on Sangihe Island in North Sulawesi, Indonesia, and to correct false information posted online about the status of the Company’s permits and Contract of Work.
The Supreme Court of Indonesia (the “Court”) has reached a decision on two legal challenges filed against various government departments. The first lawsuit wasfiled in Manado, Indonesia (the “Manado Lawsuit”) against two government departments responsible for the issuance of the Environmental Permit (“AMDAL”) to the Company. The second lawsuit was filed in Jakarta against the Ministry of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) for the production license upgrade (the “Operational Permit”) issued to TMS.
As announced to shareholders on January 9, 2023, the AMDAL lawsuit was decided and was in favour of the Company. The AMDAL remains valid and the Supreme Court of Indonesia’s decision is final.
Unfortunately, on January 16th, 2023 the Company learned that the Court did not decide in favour of the MEMR for the Operational Permit. The Court has decided that the Operational Permit be cancelled. The reason for the cancellation should be released in a few days. The Company intends to reapply for a new Operational Permit from...
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