The golden boys: a determined pair of geologists strike pay dirt in Indonesia's hills
Article Abstract:
Geologists Mike de Guzman and his colleague John Felderhof, vice chairman of Bre-X Minerals of Canada, a mining company, spent years prospecting in Indonesia, and found the Busang gold prospect. Bre-X began drilling on the now famous Southeast Zone, known as Busang II. It is believed that the high concentration of minerals found at Busang was due to the dome-like geological structure which lay at a fault line crossroads. The Busang III concession has yet to be drilled, and geological abnormalities have been identified by satellite imagery.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Yours, mine, ours: Freeport, RTZ lock drills on Irian Jaya
Article Abstract:
US-based Freeport-McMoRan and Britain's RTZ have agreed on a joint venture to mine at least two of Freeport's important copper and gold finds in Irian Jaya. The $1.8 billion deal calls for RTZ to purchase 18% of Freeport- McMoRan Copper & Gold for $875 million and invest another $850 million in prospecting and production. It will have first claim on profits until its investment is paid back. Both companies have recently had strong growth and anticipate a bright future as they explore more sites on Irian Jaya.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Now hear this: Irian Jaya rebels learn to play hardball
Article Abstract:
Rebels in Indonesia's Irian Jaya highlands have shown unexpected sophistication in their negotiations for the release fo 13 kidnapped conservationists. Guerrilla leader Kelly Kwalik managed to produce a seven-page demand statement, neatly typed in grammatically correct Indonesian, despite the rebels' Stone-age reputation. However, the speed with which the ed Cross was able to respond to his needs, and to several intervening and related crises, seemed to catch Kwalik off-guard.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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