Bankruptcy proceedings against PT Indo Muro Kencana, holder of a gold concession in Central Kalimanta, cost Straits Resources Ltd dearly. The company’s market value collapsed almost 100% since mid 2011 to A$7.31 million only. Indo Muro Kencana’s troubles hit Ancora International Resources (OKAS), controlled by Gita Wirjawan’s Ancora Group, more, unfortunately.
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