UK 20:23 Monday, 26 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tony Manini, the Australian mining entrepreneur who has become chief executive of Indonesia-focused Kalimantan Gold (KLG), says he intends to take the volatile AIM-quoted company’s 622 million-lb. Beruang Kanan copper project into production at an annual rate of 20,000 tonnes within two and a half years before taking another copper venture, Kalimantan’s newly-acquired Beutong project in Sumatra, to the stage where it can deliver 80,000 tonnes of copper a year.
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Comments
martin ashworth
Indonesia is a historic graveyard for resource companies. If the local business families don’t steal your project from you, for nothing, then the Indonesian Government will – look at Churchill Mining as an example. KLG is for ultra-high risk investors only.