Indo Mines gets Jogjakarta approval

SHARES in Indo Mines have soared more than 56% today after the company received contract of works approval from the Indonesian government to develop the $US600 million ($A870 million) Jogjakarta liquid iron project on the Indonesian island of Java.

Indo Mines gets Jogjakarta approval Indo Mines gets Jogjakarta approval Indo Mines gets Jogjakarta approval Indo Mines gets Jogjakarta approval Indo Mines gets Jogjakarta approval

The Perth-based company said the mining licence was the highest level of approval required for the project’s development and provided long-term security of tenure.

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