The dynamics of problems that accompany the management of the Pani block deteriorated in recent years. But towards the end of 2021, the dispute, which was originally to be examined through arbitration in Singapore, was successfully resolved without going through a legal process. A month later, the Lion Selection Group (ASX: LSX), which owns shares in PT Pani Bersama Jaya (PT PBJ), stated that it would sell its share in PT PBJ to PT Merdeka Copper Gold Tbk (MDKA) and Andalan International Pte Ltd (Andalan, an entity controlled by Provident Capital). Payments will be made in stages in cash and in the form of shares in MDKA. Thus, Lion Selection is to become a shareholder in MDKA.To subscribe please click here
