MELBOURNE: An Indonesian company is willing to reimburse Australian explorer Intrepid Mines for work it carried out on a huge gold prospect in Indonesia, looking to resolve a bitter dispute over rights to the mine, a lawyer said.
At stake is ownership of the Tujuh Bukit project, considered one of the world’s 10 best undeveloped gold and copper projects, with a potential 30 million ounces of gold, 19 billion pounds of copper and 73 million ounces of silver.
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