Sihayo negotiating MoU on security issues
Friday, July 27 2012 - 04:45 AM WIB
Australian-listed firm Sihayo Gold Limited said that the company continued to work with local and provincial level Police and Army aiming to establish a joint three-way Memorandum of Understanding (?MoU?) to ensure the long-term safety and security of our operations.
"Whilst the MOU is not yet concluded, progress since the incident of 7th July has been positive and highly encouraging from a long-term safety and security perspective," the company said in its quarterly report.
Sihayo Gold controls 75% owned Sihayo Pungkut Gold Project in North Sumatra, Indonesia.
The company earlier reported that a group of local demonstrators, consisting mostly of local illegal artisanal miners, arrived and disrupted the Company?s Sambung exploration camp on July 7.
Editing by Adianto P. Simamora