By Sarah-Jane Tasker
The Australian
Australian-listed junior Sumatra Copper and Gold, which is backed by the same parties that took control of Intrepid Mines’ Indonesian project, is expected to announce today it has received approval to push ahead with development of its gold and silver project.
In stark contrast to the drama unfolding at Intrepid, Sumatra has strong local partners, which has helped it expedite the approvals process.
The prominent Indonesian businessmen backing Sumatra are also linked to the parties that have taken control of Intrepid’s massive copper-gold project — Tujuh Bukit — which has fuelled rumours they could eventually farm that mine into Sumatra.