Indonesia’s North Sulawesi province has approved an environmental study for a gold project involving U.K.-based miner Archipelago Resources, the province’s governor said. Archipelago Resources, which owns 85 percent of the Indonesian unit, PT Meares Soputan Mining (MSM), had to delay development of its Toka Tindung gold project in North Sulawesi due to environmental concerns from the local government.
See http://www.reuters.com/article/marketsNews/idUSSP52756220091006.
For background on the Toka Tindung project, see Big banker withdraws finance from Indonesian mine at http://www.minesandcommunities.org/article.php?a=8397.