Release: Herald Resources: Dairi project update

(23 May 2007) -- As previously advised, the company is awaiting forestry approval in order to proceed to full construction activity at the Dairi project. The Minster of Forestry has previously asked commission IV, a 50-member committee of the Indonesian national parliament, to give their comments in relation to granting of forestry approval.

 

Commission IV have now recommended that the minister of forestry consider granting forestry approval for the project. This commission IV will be officially presented at a parliamentary working session between commission IV and the Minster of Forestry. This session is expected to be held in early June, at which time the Minister shall give his response. (end of release)