PT Merdeka Serasi Jaya has granted additional 12900 shares worth Rp12.9 billion to Banyuwangi Regency administration. This has lifted the amount granted by PT Merdeka Serasi Jaya, which indirectly controls the lucrative Tujuh Bukit gold project in Banyuwangi (taken over from ASX-listed Intrepid Mines Ltd for around Rp1 trillion), to Rp22.9 billion.

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