KALIMAS JAYA LTD.

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EXHIBIT 10(XXI)

KALIMAS JAYA LTD.

ACQUISITION AGREEMENT FOR GOLD & COAL CONCESSIONS

Whereas this Acquisition Agreement (AA) is made and entered into on this 18th
day of February 1997, by and between:

1. KALIMAS JAYA LTD. (hereinafter referred to as "KALIMAS"), a corporation
organized under the laws of the Bahamas and having representative offices
in Singapore. Kalimas is represented in this transaction by ▇▇▇▇▇▇▇ ▇▇▇▇
(▇▇▇▇); and,

2. KALIMANTAN RESOURCES LTD. (hereinafter referred to as "KALIMANTAN"), a
corporation organized under the laws of the Commonwealth of the British
Virgin Islands, and having registered offices in the Commonwealth of the
British Virgin Islands. Kalimantan is a wholly owned subsidiary of Nevada
Manhattan Mining Inc. which has a representative office at ▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Kalimantan is
represented in the AA by ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (CDM) and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
(JK).

Kalimas and Kalimantan are hereinafter referred to the "PARTIES" to this AA.

WITNESSETH
I. CONTRACTUAL TRANSACTIONS

Whereas Kalimas controls potential gold mining concessions as well as potential
coal mining concessions (hereinafter referred to as the "CONCESSIONS") in
Central & East Kalimantan, Indonesia as well as in Central Sumatra, Indonesia.
The Concessions are described as follows:

THE MUNUNG GOLD MINING CONCESSION

- 6,096 Hectares

- Location: Central Kalimantan

- Northwest of the Kelian Gold Mine

- KP for General Survey & Exploration; Issued in August 1996

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THE TELEN GOLD MINING CONCESSION

- 687 Hectares

- Location: East Kalimantan

- East of Busang Deposits

- KP for General Survey & Exploration; Issued in August 1996

THE LONG BELEH GOLD MINING CONCESSION

- 4,637 Hectares

- Location: East Kalimantan

- South of Busang Deposits

- KP for General Survey & Exploration; Issued in September 1996

THE RIAU GOLD MINING CONCESSIONS(2)

Sengingi Concession

- 4,000 Hectares

- Location: Central Sumatra in the Province of Riau

- KP Exploitation

Kuantan Concession

- 8,000 Hectares

- Location: Central Sumatra in the Province of ▇▇▇▇

- ▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇

▇

▇▇▇ ▇▇▇▇▇ COAL MINING CONCESSION

- 100,000 Hectares

- Location: Southeast Kalimantan

- Government License: To be provided in Jakarta by PT Kresna
TambangSawah

The geographic descriptions & information as well as all other relevant
Government Licenses in respect of the Concessions is included in Exhibit I
which is attached to this Agreement.

Kalimas has acquired these five (5) Concessions and has executed the written
agreements through a series of "Development Agreements" between Kalimas and a
group of local Indonesian companies (hereinafter referred to as the "LOCAL
INDONESIAN PARTNERS") designated as follows:

1. PT Walea Bahimas

2. PT Aksara ▇▇▇▇ ▇▇▇▇▇

3. PT Kresna Tambang Sawah

4. PT Muara Mayang Coal Utama

5. PT ▇▇▇▇▇ ▇▇▇▇▇ Mas

As a prelude to the signing of this Agreement, Kalimas has introduced,
evaluated, recommended, and secured these Concessions to Kalimantan, and for
which consideration will be outlined and described later in this Agreement.

Under the terms of the Development Agreements between Kalimas and the Local
Indonesian Partners, it was agreed that the Local Indonesian Partners would be
responsible for obtaining all necessary government licenses and, most
importantly, the Exploitation Licenses and/or Contracts of Work (hereinafter
referred to as "COWs"), for the development, exploration, and exploitation of
gold/other metals and coal from the Concessions; furthermore, the Local
Indonesian Partners would seek and obtain all other necessary government
licenses, such as those associated with refinery & production as well as
transport & sale of the respective natural resources. Under the terms of the
Development Agreements, Kalimas has the effective control to consummate this
Agreement. As described in the Development Agreements, Kalimas has the
controlling interest in each of these Concessions and is to provide certain
development funding and other mining and management expertise, all of which has
already been negotiated. The specific terms of the cash funding as well as
other

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considerations which are to be paid is accurately described in the Development
Agreements, all of which are attached herewith in EXHIBIT II. Additionally, it
was agreed between Kalimas and the Local Indonesian Partners that Kalimas would
be entitled to appoint a third party, such as Kalimantan and/or its' local
Indonesian nominee company, to accept a transfer of the relevant government
licenses in respect of the Concessions (simultaneously with the filings for the
Exploitation Licenses and/or COWs).

On the basis of this Agreement, the Parties agree that in the event that the
Local Indonesian Partners are unable to perform the required obligations and
responsibilities with respect to seeking and acquiring the necessary government
licenses and, in particular, the Exploitation Licenses and/or COWs,
Kalimantan/Nevada (with the assistance of Kalimas as necessary) has a first
right to step in with respect to any and all title and/or licensing issues, and
to cure or effectuate them as needed. This may adjust required payments for
said properties at the sole expense of seller(s).

The Parties further agree that any additional information, points of agreement,
clarification and/or amendments in respect of the Concessions will be attached
to this Acquisition Agreement as ADDENDUMS.

Whereas KALIMANTAN is a wholly-owned subsidiary company of Nevada
Manhattan Mining Inc. (hereinafter referred to as "NEVADA") which currently
operates gold mining concessions in the state of Nevada. Kalimantan has the
desire, interest, and ability to acquire and finance the exploration,
development, and exploitation of the Concessions (hereinafter referred to as
the "TRANSACTIONS"). Kalimantan/Nevada is prepared to conduct its' due
diligence process to verify the values on the Concessions.

II. CONSIDERATION FOR THE TRANSACTION

Under the terms of this Acquisition Agreement for the gold and coal
concessions, the Parties agree on the following for the development,
exploration, and exploitation of the Concessions:

Kalimas will merge 51% of its' control and interest in each of the
Concessions into Kalimantan or its' proper designee for the following
terms, conditions, and consideration:

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1. Kalimantan's parent company, Nevada, will issue Common Shares of Nevada's
Common Stock to Kalimas on the following basis:

The number of shares of Nevada's Common Stock to be issued to Kalimas will
be done on a negotiated basis and which will be determined after
Kalimantan/Nevada has performed its' due diligence and verification of the
Concessions within a 90 to 180 day period from the date of the signing of
this Agreement. The consideration to this Agreement is based upon the
current price of Nevada's stock, which is approximately $10 per share;
thus, any number of shares to be issued to Kalimas will be on the basis of
this current market price and will be determined once the appropriate
examination and negotiations are finalized and completed. Any shares to be
negotiated and issued as a signing bonus for this Agreement will be issued
as free trading shares or shares with Piggy-back registration rights. Any
further shares above and beyond those shares issued as "Bonus Shares" will
be issued upon an independent economic valuation of the Concessions, and at
which time the gross value will be negotiated by the Parties. Moreover, the
economic valuation of the Concessions will be based upon prevailing
industry standards. Twenty-five percent (25%) of any of the shares to be
issued in consideration for the valuation of the Concessions will be free
trading or have Piggy-back registration rights.

2. Cash payment(s) of approximately USD$5,000,000 to USD$6,000,000 will be
assumed by Kalimantan/Nevada in accordance with the financial obligations
as described in the Development Agreements, all of which are to be
finalized and paid at a date to be determined by the Parties after the
results from the gold and coal concessions are completed by
Kalimantan/Nevada in the above referenced economic valuations. Any
additional cash payments are to be discussed at a later date as necessary.

3. Exploration Program & Board Representation

(a) Kalimantan must commence exploration on the Concessions within 6
months but not later than 12 months from the execution of this AA.

(b) Kalimas will be entitled to Board representation on Nevada's
Board of Directors.

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4. Default Provisions

(a) Kalimantan/Nevada, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ shall be
deemed "key men" to the management of Kalimantan/Nevada and to this
transaction. If there is any change in corporate management without ▇▇.
▇▇▇▇▇▇▇▇ or ▇▇. ▇▇▇▇▇▇ and without the express written consent of
Kalimas, then this Agreement shall be deemed in default and these gold
and coal concessions shall revert back to Kalimas at no cost to
Kalimas.

(b) In the event that Kalimantan/Nevada is unable to complete the
development of any of the above concessions, it is mutually agreed
by the Parties that its interests shall be prorated under some
mutually agreed formula.

5. Kalimas reserves the right to substitute or add other gold or coal mining
concessions of like potential value with the approval of Kalimantan/Nevada.

6. Voting Trust: Kalimas will vote its shares in favor of management as long
as CDM and JK are executives of Kalimantan/Nevada.

7. All exploration, operating, and budgetary costs to effectuate the Company's
due diligence and development of the Concessions will be 100% undertaken by
Kalimantan and/or Nevada and will be fully recoupable prior to any
distribution of profits, except to the Local Indonesian Partners in this
Agreement.

8. It is understood that this agreement and all compensation agreed hereto by
both parties above holds true throughout any and all Kalimantan
subsidiaries and spin-off public companies that may arise through any
corporate structure reorganization.

9. Kalimas will use its best efforts and good faith to fully cooperate with
Kalimantan/Nevada to succeed, especially in Indonesia.

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The execution of this AA is legal and binding on all Parties, and this
Agreement is ratified by the Board of Directors of both corporations.

Kalimas has executed this Agreement in the Republic of Singapore on this
18th day of February, 1997.

NMMC has executed this Agreement in the Republic of Brasil on the
24th day of February 1997.

SIGNATORIES

Nevada Manhattan Mining Inc. and
Kalimantan Resources Ltd. Kalimas Jaya Ltd.

/s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇▇▇▇
------------------------------- ---------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇
Title: Chairman/CEO Title: President Director

-------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: President

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DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUBLIK INDONESIA

DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM

Nomor: 378. K / 2012 / DDJP / 1996

TENTANG
PEMBERIAN KUASA PERTAMBANGAN PENYELIDIKAN UMUM
(KW. 96JLP079)

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. MUARA MAYANG COAL UTAMA
tanggal 18 Juli 1996.

Menimbang : bahwa permohonan yang bersangkutan tclah memenuhi
syarat-syarat sebagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇);
2. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969
▇▇. ▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) sebagaimana telah diubah dengan
Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1992
▇▇. ▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇);
3. Keputusan Presiden RI No. 343/M Tahun 1993 Tanggal 11
September 1993;
4. Keputusan Menteri Pertambangan ▇▇▇ Energi No. 2027
K/201/▇.▇▇/▇▇▇▇ Tanggal 18 September 1985;
5. Keputusan Direktur Jenderal Pertambangan Umum
No.03.K/201/DDJP/1996 tanggal 8 Januari 1996.

Memperhatikan : Surat Direktur Teknik Pertambangan Umum
Nomor : 2088/2012/DPT/1996 tanggal 13 Augustus 1996

MEMUTUSKAN

Menetapkan :

PERTAMA : Memberikan Kuasa Pertambangan Penyelidikan Umum untuk
jangka waktu 1(satu) tahun.
Kepada : PT. MUARA MAYANG COAL UTAMA
Alamat : Jl. Cengkeh 21 F-C
Jakarta

Atas suatu wilayah tertanda KW. 96JLP079 terletak di
Kabupaten Barito Utara, Propinsi Kalimantan Tengah, seluas
6.096,000 (enam ribu sembilan puluh enam) hektar.

Dengan penjelasan batas wilayah ▇▇▇ Peta Kuasa Pertambangan
sebagaimana tercantum pada lampiran I untuk mengadakan
penyelidikan umum dengan memenuhi kewajiban-kewajiban tersebut
dalam lampiran II Keputusan ini serta ketentuan peraturan
perundang-undangan yang berlaku.

KEDUA : Kuasa Pertambangan ini tidak dapat di perpanjang ▇▇▇ dapat
dibatalkan walaupun masa berlakunya belum habis, apabila
Pemegang Kuasa Pertambangan tidak memenuhi kewajiban-kewajiban
yang tercantum di dalam lampiran II Keputusan ini ▇▇▇
ketentuan peraturan perundang-undangan yang berlaku.
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KETIGA : Pemegang Kuasa Pertambangan yang bermaksud mengadakan
kerjasama dengan pihak modal asing dalam rangka Perjanjian
Karya terlebih dahulu harus memperoleh izin tertulis dari
Menteri Pertambangan ▇▇▇ Energi cq. Direktur Jenderal
Pertambangan Umum.

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada
tanggal ditetapkan.

Kitetapkan di Jakarta
pada tanggal 28 Agustus 1996

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

/s/ KUNTORO MANGKUSUBROTO
--------------------------------
Kuntoro Mangkusubroto

TEMBUSAN :

1. Menteri Pertambangan ▇▇▇ Energi di Jakarta (dengan peta);
2. Menteri Kehutanan di Jakarta (dengan peta);
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Korrdinasi
Penanaman Modal di Jakarta (tanpa peta);
4. Menteri Negara Agraria/Kepala Badan Pertanahan Nasional di Jakarta
(DENGAN PETA);
5. Sekretaris Jeneral Departemen Pertambangan ▇▇▇ Energi di Jakarta
(dengan peta);
6. Inspektur Jenderal Departemen Partambangan ▇▇▇ Energi di Jakarta
(dengan peta);
7. Direktur Jenderal Deologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, ▇▇.▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇ peta);
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen
Dalam Negeri di Jakarta (tanpa peta);
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam, Departemen
Kehutanan Jl.H. Ir. ▇▇▇▇▇▇ No. 9 Bogor (dengan peta);
10. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan
di Jakarta (dengan peta);
11. Kepala Biro Hukum, Sekretariat Jenderal Departemen ▇▇▇ Energi di
Jakarta (dengan peta);
12. Kepala Biro Humum, Sekretariat Jenderal Departemen Pertambangan ▇▇▇
Energi di Jakarta (tanpa peta);
13. Direktur Teknik Pertambangan Umum di Jakarta (dengan peta);
14. Direktur Pembinaan Pengusahaan Pertambangan di Jakarta (dengan peta);
15. Gubernur Kepala Daerah Tingkat I Propinsi Kalimantan Tengah di
Palankaraya (dengan peta);
16. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi di Palangkaraya
(dengan peta);
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Palankaraya (dengan peta);
18. Bupati Kepala Daerah Tingkat Ii Kabupaten Barito Utara di Muara Teweh
(dengan peta);
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Lampiran I : KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
Nomor : 378.K/2012/DDJP/1996
tanggal : 28 Agustus 1996

LAMPIRAN DAFTAR KOORDINAT

Nama Perusahaan : PT. MUARA MAYANG COAL UTAMA
Lokasi
- Propinsi : KALIMANTAN TENGAH
- Kabupaten : BARITO UTARA
- Kecamatan : -
- Kode Wilayah : 96JLP079
Luas : 6.096 Ha

-----------------------------------------------------------------------------

No. ▇▇▇▇▇ Bujur (BT) ▇▇▇▇▇ Lintang
Titik --------------------------------------------------------------------
o ' " o ' " LU/LS
-----------------------------------------------------------------------------

1 114 50 30.00 0 17 0.00 LU
2 114 50 30.00 0 20 30.00 LU
3 114 47 0.00 0 20 30.00 LU
4 114 47 0.00 0 23 0.00 LU
5 114 52 0.00 0 23 0.00 LU
6 114 52 0.00 0 17 0.00 LU

-----------------------------------------------------------------------------

Direktur Jenderal Pertambangan Umum

/s/ Kuntoro Mangkusubroto
------------------------------------
Kuntoro Mangkusubroto
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[LOCATION MAP]

PETA WILAYAH KUASA PERTAMBANGAN

Diperuntukkan bagl : PT. MUARA MAYANG COAL UTAMA
Tanggal Proses : 11 JULI 1996
Operator : UMAR ANTANA
Kode Wilayah : 96JLP079

LOKASI KEGIATAN

Propinsl : KALIMTAN TENGAH
Kabupaten : BARITO UTARA
Kecamatan : -
Tahap : PENYELIDIKAN UMUM
Luas areal : 6.096 Ha

UNIT PELAYANAN INFORMASI ▇▇▇
PENCADANGAN WILAYAH PERTAMBANGAN (UPIPWP)
DIREKTORAT JENDERAL PERTAMBANGAN UMUM
DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI

PETA WILAYAH KUASA PERTAMBANGAN
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LAMPIRAN II : KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM

Nomor : 378. K/2012/DDJP/1996
Tanggal : 28 Agustus 1996

KEWAJIBAN-KEWAJIBAN PEMEGANG KUASA PERTAMBANGAN PENYELIDIKAN UMUM

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domisili)
pada pengadilan Negeri yang berfedudukan di Ibukota Propinsi Kalimantan
Tengah di Palangkaraya.

II. Sebelum melakukan kegiatan, pemegang Kuasa pertambangan ini harus lebih
dahulu memberitanhukan kepada Pemerintah Daerah Propinsi Kalimantan
Tengah.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga diatur menurut ketentuan-ketentuan yang berlaku.

IV. Penegang Kuasa Pertambangan Penyelidikan Umum diwajibkan membayar
Iuran Tetap menurut ketentuan-ketenuan yang berlaku ▇▇▇ harus dilunasi
sebelum berakhirnya Kuasa Pertambangan.

V. Jika terjadi pertindihan Wilayah Kuasa Pertambangan dengan kepentingan
lahan lainnya, maka pemegang Kuasa Pertambangan sebelum melaksanakan
kegiatan dalam wilayah tersebut harus lebih dahulu menyelesaikannya
sesuai dengan ketentuan yang berlaku.

VI. Pemegank Kuasa Pertambangan harus memberiken laporan kegiatan 3 (tiga)
bulan sekali kepada Direktur Jenderal Pertambangan Umum (1 expl) ▇▇▇
tembusannya disampaikan kepada Direktur Teknik Pertambangan Umum
(3 expl), Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi
di Palangkaraya (1 exple), Gubernur ▇▇▇ Bupati Kepala Daerah setempat
(masing-masing 1 expl) paling lambat 10 (sepuluh) hari setelah
berakhirnya triwulan.

VII. Dalam tempo 15 (lima belas) hari setelah keluarnya Keputusan ini,
pemegang Kuasa Pertambangan wajib menyerahkan Rencana Kerja ▇▇▇ Rencana
Pembiayaan untuk daerah yang dimaksud dalam Keputusan ini.

VIII. Pemegang Kuasa Pertambangan diwajibkan memberikan fasilitas jalan atau
fasilitas lainnya kepada pemegang Kuasa Pertambangan lain apabila
diperlukan sesuai dengan kesepakatan.

IX. Dalam Bidang Pengawasan

a. Penegang Kuasa Pertambangan harus mengindahkan/mentaati peraturan
yang berlaku mengenai Pengawasan Keselamatan ▇▇▇ Kesehatan Kerja
serta Lingkungan di bidang Pertambangan Umum.
b. Pengawasan atas pelaksanaan Kuasa Pertambangan ini dilakukan oleh
Pelaksana Inspeksi Tambank ▇▇▇/atau petugas yang ditunjuk.
c. Pemegank Kuasa Pertambangan dapat meminta kepada petugas tersebut
untuk memperlihatkan surat-surat pengenal ▇▇▇ surat-surat tugasnya.

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X. a. Peemohonan Kuasa Pertambangan Eksplorasi sebagai peningkatan Kuasa
Pertambangan Penyelidikan Umum harus diajukan 3 (tiga) bulan sebelum
berakhirnya masa izin ini kepada Direktur Jenderal Pertambangan Umum.

b. Atas Kelalaian tersebut pada huruf a, mengakibatkan:
1. Kuasa Pertambangan berakhir menurut hukum ▇▇▇ ▇▇▇▇▇▇ usaha
pertambangan harus dihentikan
2. ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ (▇▇▇▇) bulan sejak tanggal
berakhirnya Keputusan ini, pemegang Kuasa Pertambangan mengangkat
keluar segala sesuatu yang menjadi milliknya kecuali ▇▇▇▇▇-▇▇▇▇▇/
bangunan - bnagunan yang dipergunakan untuk kepentingan umum.

DIREKTUR JENDERAL PERTAMBANGAN UMUM

/s/ KUNTORO MANGKUSUBROTO
-------------------------------------
Kuntoro Mangkusubroto
14
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUBLIK INDONESIA
DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
Nomor: 379. K / 2012 / DDJP / 1996
TENTANG
PEMBERIAN KUASA PERTAMBANGAN PENYELIDIKAN UMUM
(KW. 96JLP071)

DIREKTUR JENDERAL PARTAMBANGAN UMUM

Membaca : Surat permohonan PT. WALEA BAHIMAS
tanggal 18 Juli 1996.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sebagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇);
2. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) sebagaimana telan diubah dengan
Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1992 ▇▇.
▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇);
3. Keputusan Presiden RI No. 343/M Tahun 1993 Tanggal 11
September 1993;
4. Keputusan Menteri Pertambangan ▇▇▇ Energi
No. 2027 K/201/▇.▇▇/▇▇▇▇ Tanggal 18 September 1985;
5. Keputusan Direktur Jenderal Pertambangan Umum
No.03.K/201/DDJP/1996 tanggal 8 Januari 1996.

Memperhatikan : Surat Direktur Teknik Pertambangan Umum Nomor:
2089/2012/DPT/1996 tanggal 13 Agustus 1996

MEMUTUSKAN

Menetapkan :

PERTAMA : Memberikan Kuasa Pertambangan Penyelidikan Umum untuk jangka
waktu 1 (satu) tahun.
Kepada : PT. WALEA BAHIMAS
Alamat : Jl. Kayu Putih Tengah I D/3A Jakarta Timur

Atas suatu wilayah tertanda KW.96JLP071 terletak di Kabupaten
Kutai, Propinsi Kalimantan Timur, seluas 687,00 (enam ratus
delapan puluh tujuh) hektar.

Dengan penjelasan batas wilayah ▇▇▇ Peta Kuasa Pertambangan
sebagiamana tercantum pada lampiran I untuk mengadakan
penyelidikan umum dengan memenuhi kewajiban-kewajiban
tersebut dalam lampiran II Keputusan ini serta ketentuan
peraturan perundang-undangan yang berlaku.

KEDUA : Kuasa Pertambangan ini tidak dapat di perpanjang ▇▇▇ dapat
dibatalkan walaupun masa berlakunya belum habis, apabila
Pemegang Kuasa Pertambangan tidak memenuhi
kewajiban-kewajiban yang tercantum di dalam lampiran II
Keputusan ini ▇▇▇ ketentuan peraturan perundang-undangan yang
berlaku.
15
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan.

Ditetapkan di JAKARTA
pada tanggal 28 Agustus 1996

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGUSKUBROTO

TEMBUSAN:

1. Menteri Pertambangan ▇▇▇ energi di Jakarta (dengan peta);
2. Menteri Kehutanan di Jakarta (dengan peta).;
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta);
4. Menteri Negara Agaria/Kepala Badan Pertanahan Nasional di Jakarta (dengan
peta);
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
6. Inspektur Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, J1. Diponegoro ▇▇. ▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇ peta);
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta);
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian alam, Departemen
Kehutanan J1. H. Ir. ▇▇▇▇▇ No. 9 Bogor (dengan peta);
10. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan di
Jakarta (dengan peta);
11. Kepala Biro Hukum Sekretariat Jenderal Departemen Pertambangan ▇▇▇ Energi
di Jakarta (dengan peta);
12. Kepala Biro Keuangan, Sekretariat Jenderal Departemen Pertambangan ▇▇▇
Energi di Jakarta (tanpa peta);
13. Direktur Teknik Pertambangan Umum di Jakarta (dengan peta);
14. Direktur Pembinaan Pengusahaan Pertambangan di Jakarta (dengan peta);
15. Gubernur Kepala Daerah Tingkat Propinsi Kalimantan Timur di Samarinda
(dengan peta);
16. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertabangan ▇▇▇ Energi di Samarinda
(dengan peta);
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Samarinda (dengan peta);
18. Bupati Kepala Daerah Tingkat II Kabupaten Kutai di Tenggarong (dengan peta);

16
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran II: Keputusan Direktur Jenderal Pertambangan Umum

Nomor : 379.K/2012/DDJP/1996
Tanggal : 28 Agustus 1996

KEWAJIBAN-KEWAJIBAN PEMAGANG KUASA PERTAMBANGAN PENYELIDIKAN UMUM

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domisili)
pada pengadilan Negeri yang berkedudukan di Ibukota Prominsi Kalimantan
Timur di Samarinda.

II. Debelum melakukan kegiatan, pemegang Kuasa Pertambangan ini harus lebih
dahulu memberitahukan kepada Pemerintah Daerah Propinsi Kalimantan
Timur.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasa Pertambangan Penyelidikan Umum diwajibkan membayar Iuran
Tetap menurut ketentuan-ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum berakhirnya Kuasa Pertambangan.

VI. Pemegang Kuasa Pertambangan harus memberikan laporan kegiatan 3 (tiga)
bulan sekali kepada Direktur Jenderal Pertambangan Umum (1 expl) ▇▇▇
tembusannya disampaikan kepada Direktur Teknik Pertambangan Umum (3
expl), Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi di
Samarinda (1 expl), Gubernur ▇▇▇ Bupati Kepala Daerah setempat
(masing-masing 1 expl) paling lambat 10 (sepuluh) hari setelah
berakhirnya triwulan.

VII. Dalam tempo 15 (lima belas) hari setelah keluarnya Keputusan ini,
pemegang Kuasa Pertambangan wijib menyerahkan Rencana Kerja ▇▇▇ Rencana
Pembiayaan untuk daerah yang dimaksud dalam keputusan ini.

VIII. Pemegang Kuasa Pertambangan diwajibkan memberikan fasilitas jalan atau
fasilitas lainnya kepada pemegang Kuasa Pertambangan lain apabila
diperlukan sesuai dengan kesepakatan.

IX. Dalam Bidang Pengawasan
a. Pemegang Kuasa Pertambangan harus mengindahkun/mentaati peraturan
yang berlaku mengenai PengawasanKeselamatan ▇▇▇ Kesehatan Kerja
serta Lingkungan di bidang Pertambangan Umum.
b. Pengawasan atas pelaksanaan Kuasa Pertambangan ini dilakukan oleh
Pelaksana Inspeksi Tambang ▇▇▇/atau petugas yang ditunjuk.
c. Pemegang Kuasa Pertambangan dapat meminta kepada petugas tersubut
untuk memperlihatkan surat-surat pengenal ▇▇▇ surat-surat tugasnya.
17
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

X. a. Permohonan Kuasa Pertambangan Eksplorasi sebagai peningkatan Kuasa
Pertambangan Penyelidikan Umum harus diajukan 3 (tiga) bulan sebelum
berakhirnya masa izin ini kepada Direktur Jenderal Pertambangan Umum.

b. Atas kelalaian tersebut pada huruf a, mengakibatkan:
1. Kuasa Pertambangan berakhir menurut hukum ▇▇▇ ▇▇▇▇▇▇ usaha
pertambangan harus dihentikan
2. ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ (▇▇▇▇) bulan sejak tanggal
berakhirnya Keputusan ini, pemegang Kuasa Pertambangan mengangkat
keluar segala sesuatu yang menjadi milliknya kecuali ▇▇▇▇▇-▇▇▇▇▇/
bangunan-bangunan yang dipergunakan untuk kepentingan umum.

DIREKTUR JENDERRAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO
18
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

[A MAP OF
KAB. KUTAI
PROP.KALIMANTAN TIMUR]

19
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
Nomor : 379.K/2012/DDJP/1996
Tanggal : 28 Agustus 1996

LAMPIRAN DAFTAR KOORDINAT

Nama Perusahaan : PT.WALEA BAHIMAS
Lokasi
- Propinsi : KALIMANTAN TIMUR
- Kabupaten : KATAI
- Kecamatan : -
- Kode Wilayah : 96JLP071
Luas : 687 Ha

========================================================================
No. ▇▇▇▇▇ Bujur (BT) ▇▇▇▇▇ Lintang
Ti- ----------------------------------------------------------------

ti 0 ' " 0 ' " LU/LS
------------------------------------------------------------------------
1 116 54 0.00 0 37 0.00 LU
2 116 54 0.00 0 36 30.00 LU
3 116 50 0.00 0 36 30.00 LU
4 116 50 0.00 0 37 0.00 LU
========================================================================

Direktur Jenderal Pertambangan Umum

[SEAL]

Kuntoro Mangkusubroto

20
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUBLIK INDONESIA
DIREKTORAt JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
Nomor: 422.K / 2012 / DDJP / 1996

TENTANG
PEMBERIAN KUASA PERTAMBANGAN PENYELIDIKAN UMUM
(KW. 96AGP047)

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. ▇▇▇▇▇ ▇▇▇▇▇ MAS
tanggal 21 Agustus 1996.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sebagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇);
2. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) sebagaimana telah diubah dengan
Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1992 ▇▇.
▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇);
3. Keputusan Presiden RI No. 343/M Tahun 1993 Tanggal 11
September 1993;
4. Keputusan Menteri Pertambangan ▇▇▇ Energi No.
2027 K/201/▇.▇▇/▇▇▇▇ Tanggal 18 September 1985;
5. Keputusan Direktur Jenderal Pertambangan Umum
No.03.K/201/DDJP/1996 tanggal 8 Januari 1996.

Memperhatikan : Surat Direktur Teknik Pertambangan Umum
Nomor: 2215/2012/DPT/1996 tanggal 26 Agustus 1996

MEMUTUSKAN
Menetapkan :

PERTAMA : Memeberikan Kuasa Pertambangan Penyelidikan Umum untuk jangka
watku 1 (satu) tahun.
Kepada : PT. ▇▇▇▇▇ ▇▇▇▇▇ MAS
Alamat : Komplek Pertokoan Pulo Mas Blok VII/15-16
Jakarta Timur

Atas suatu wilayah tertanda KW.96AGP047 terletak di Kabupaten
Kutai, Propinsi Kalimantan Timur, seluas 4.637,00 (empat ribu
enam ratus tiga puluh tujuh) hektar.

Dengan penjelasan batas wilayah ▇▇▇ Peta Kuasa Pertambangan
sebagaimana tercantum pada lampiran I untuk mengadakan
penyelidikan umum dengan memenuhi kewajiban-kewajiban
tersebut dalam lampiran II Keputusan ini serta ketentuan
peraturan perundang-undangan yang berlaku.

KEDUA : Kuasa Pertambang ini tidak tidak dapat di perpanjang ▇▇▇
dapat dibatalkan walaupun masa berlakunya belum habis,
apabila Pemegang Kuasa Pertambang tidak memnuhi
kewajiban-kewajiban yang tercantum di dalam lampiran II
Keputusan ini ▇▇▇ ketentuan peraturan perundang-undangan yang
berlaku.

21
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
diterapkan.

DITETAPKAN DI JAKARTA
PADA TANGGAL
16 SEPTEMBER 1996

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN:
1. Menteri Pertambangan ▇▇▇ Energi di Jakarta (dengan peta);
2. Menteri Kehutanan di Jakarta (dengan peta).;
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta);
4. Menteri Negara Agraria Kepala Badan Pertanahan Nasional di Jakarta (dengan
peta);
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
6. Inspektur Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, ▇▇.▇▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇ peta);
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta);
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam, Departemen
Kehutanan J1. H. Ir. ▇▇▇▇▇▇ No. 9 Bogor (dengan peta);
10. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan di
Jakarta (dengan peta);
11. Kepala Biro Hukum, Sekretariat Jenderal Departemen Pertambangan ▇▇▇ Energi
di Jakarta (dengan peta);
12. Kepalo Biro Keuangan, Sekretariat Jenderal Departemen Pertambangan ▇▇▇
Energi di Jakarta (dengan peta);
13. Direktur Teknik Pertambangan Umum di Jakarta (dengan peta);
14. Direktur Pembinaan Pengusahaan Pertambangan di Jakarta (dengan peta);
15. Gubermur Kepala Daerah Tingkat I Propinsi Kalimantan Timur di Samarinda
(dengan peta);
16. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi di Samarinda
(dengan peta);
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Samarinda (dengan peta);
18. Bupati Kepala Daerah Tingkat II Kabupaten Kutai di Tenggarong (dengan peta);
22
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
Nomor : 422.K/2012/DDJP/1996
Tanggal : 16 September 1996

LAMPIRAN DAFTAR KOORDINAT

Nama Perusahaan : PT. ▇▇▇▇▇ ▇▇▇▇▇ MAS
Lokasi
- Propinsi : KALIMANTAN TIMUR
- Kabupaten : KUTAI
- Kecamatan : -
- Kode Wilayah : 96AGP047
Luas : 4.637 HA

=========================================================================
No. ▇▇▇▇▇ Bujur (BT) ▇▇▇▇▇ Lintang
Ti- -----------------------------------------------------------------

tik 0 ' " 0 ' " LU/LS
-------------------------------------------------------------------------
1 116 8 0.0 0 5 0.0 LU
2 116 8 0.0 0 18 30.0 LU
3 116 9 0.0 0 18 30.0 LU
4 116 9 0.0 0 5 0.0 LU
=========================================================================

Direktur Jenderal Pertambangan Umum

[SEAL]

Kuntoro Mangkusubroto

23
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

[A MAP OF
KAB. KUTAI
PROP. KALIMANTAN TIMUR]
24
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran II : Keputusan Direktur Jenderal Pertambangan Umum

Nomor : 422.K/2012/DDJP/1996
Tanggal : 16 September 1996

KEWAJIBAN-KEWAJIBAN PEMEGANG KUASA PERTAMBANGAN PENYELIDIKAN UMUM

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domisili)
pada pengadilan Negeri yang berkududukan di Ibukota Propinsi Kalimantan
Timur di Samarinda.

II. Sebelum melakukan kegiatan, pemegang Kuasa Pertambangan ini harus lebih
dahulu memberitahukan kepada Pemerintah Daerah Propinsi Kalimantan Timur
di Samarinda.

III. Hubungan antara pemegang Kuasa Pertambanga dengag pemilik tanah ▇▇▇
pihak ketiga diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasu Pertambangan Penyelidikan Umum diwagibkan membayar Iuran
Tetap menurut ketentuan-ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum berakhirnya Kuasa Pertambangan.

VIII. Pemegang Kuasa Pertambangan diwajibkan memberikan fasilitas jalan atua
fasilitas lainnya kepada pemegang Kuasa Pertambangan lain apabila
diperlukan sesuai dengan kesepakatan.

IX. Dalam Bidang Pengawasan
a. Pemegang Kuasa Pertambangan harus mengindahkan/mentaati peraturan
yang perlaku mengenai Pengawasan Keselamatan ▇▇▇ Kesehatan Kerja
serta Lingkungan di bidang Pertambangan Umum.
b. Pengawasan atas pelaksanaan Kuasa Pertambangan ini kilakukan oleh
Pelaksana Inspeksi Tambang ▇▇▇/atua petugas yang ditunjuk.
c. Pemegang Kuasa Pertambangan dapat meminta kepada petugas tersebut
untuk memberlihatkan surat-surat pengenal ▇▇▇ surat-surat tugasnya.

25
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

b. Atas Kelalaian tersebut pada huruf a, mengakibatkan:
1. Kuasa Pertambangan berakhir menurut hukum ▇▇▇ ▇▇▇▇▇▇ usaha
pertambangan harus dihentikan
2. ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ (▇▇▇▇) bulan sejak tanggal
berakhirnya Keputusan ini, pemegang Kuasa Pertambangan
mengangkat keluar segala sesuatu yang menjadi milliknya kecuali
▇▇▇▇▇ - ▇▇▇▇▇/bangunan - bangunan yand dipergunakan untuk
kepentingan umum.

Direktur Jenderal Pertambangan Umum

[SEAL]

Kuntoro Mangkusubroto
26
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTMEN PERTAMBANGAN ▇▇▇ ENERGI REPUBLIK INDONESIA

DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR: 2193.K/2013/DDJP/1993

TENTANG
PEMBERIAN PERPANJANGAN KEDUA DUASA PERTAMBANGAN
EKSPLORASI (DU. 875/RIAU)

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan Ny.▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇

▇▇▇▇▇▇▇▇▇ : bahwa dalam rangka persiapan ke arah Eksploitasi dipandang
perlu memberikan perpanjangan masa berlakunya Kuasa
Pertambangan Eksplorasi.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇).
2. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) jo. Peraturan Pemerintah ▇▇. ▇▇
▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1992 ▇▇. ▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇).
3. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 19380
▇▇. ▇▇ ▇▇▇▇▇ ▇▇. ▇▇▇▇).
4. Keputusan Presiden R.I. No. 343/M Tahun 1993 Tanggal 11
September 1993.
5. Keputusan Menteri Pertambangan ▇▇▇ Energi
No. 2027 K/201/▇.▇▇/▇▇▇▇ tanggal 18 September 1985.
6. Keputusan Direktur Jenderal Pertambangan Umum
No. 667 K/201/040000/1986 tanggal 11 Nopember 1986.
7. Keputusan Direktur Jenderal Pertambangan Umum
No. 399 K/2013/DDJP/92 tanggal 6 Nopember 1992.

Memberhatikan : Surat Drektur Direktorat Teknik Pertambangan Umum tanggal 26
Oktober 1993 Nomor: 2981/22/DPT/1993

MEMUTUSKAN
Menetapkan :
PERTAMA : Memberikan Perpanhangan Kedua Kuasa Pertambangan Eksplorasi
(DU. 875/Riau)

Kepada : Ny.▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ : Jl. Kayu Putih Tengah I D/3 A, Pulomas Jakarta

untuk selama 1 (satu) tahun yang berladu mulai tanggal 11
Agustus 1993 sampai dengan tanggal 11 Agustus 1994 dengang
luas ▇▇▇ penjelasan batas serta detentuan-detentuan yang sama
seperti tercantum dalam Keputusand Direktur Pertambangan Umum
No. 748 K/2013/DDJP/89 tanggal 11 Agustus 1989.

27
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEDUA : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan ▇▇▇ mempunyai ▇▇▇▇ ▇▇▇▇▇ sejak tanggal 11 Agustus 1993.

Ditetapkan di : Jakarta
Pada tanggal : 14 Desember 1993

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN:
1. Menteri Pertambangan ▇▇▇ Energi di Jakarta
2. Menteri Kehutanan di Jakarta.
3. Menteri Negara Agraria/Kepala Badan Pertanahan Nasional di Jakarta.
4. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta.
5. Inspektur Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta.

6. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur
Direktorat Sumberdaya Mineral, J1n. Diponegoro No.57 Bandung.

7. Direktur Jenderal Pemerintahan Umum ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇.

▇. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam,
Departemen Kehutanan, J1.Ir.H.▇▇▇▇▇▇ No.9, Bogor.

9. Kepala Biro Hukum, Sekretariat Janderal Departemen Pertambangan ▇▇▇
Energi di Jakarta.

10. Kepala Biro Keuangan, Sekretariat Jenderal Departemen Pertambangan
▇▇▇ Energi di Jakarta.

11. Direktur Direktorat Teknik Pertambangan Umum di Jakarta.
12. Kirektur Kirektorat Pembinaan Pengusahaan Pertambangan di Jakarta.
13. Gubernur Kepala Daerah Tingkat I Propinsi Riau.

14. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi di
Pekanbaru.

15. Bupati Kepala Daerah Tinghat II Kabupaten Indragiri Hulu.
28
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTMEN PERTAMBANGAN ▇▇▇ ENERGI REPUBLIK INDONESIA

DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR: 2192.K/2013/DDJP/1993

TENTANG
PEMBERIAN PERPANJANGAN KEDUA DUASA PERTAMBANGAN
EKSPLORASI (DU. 872/RIAU)

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan Ny.▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇

▇▇▇▇▇▇▇▇▇ : bahwa dalam rangka persiapan ke arah Eksploitasi dipandang
perlu memberikan perpanjangan masa berlakunya Kuasa
Pertambangan Eksplorasi.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇).
2. Peraturan ▇▇▇▇▇▇▇▇▇▇ ▇▇.▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) jo. Peraturan Pemerintah ▇▇. ▇▇
▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1992 ▇▇. ▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇).
3. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 19380
▇▇. ▇▇ ▇▇▇▇▇ ▇▇. ▇▇▇▇).
4. Keputusan Presiden R.I. No. 343/M Tahun 1993 Tanggal 11
September 1993.
5. Keputusan Menteri Pertambangan ▇▇▇ Energi
No. 2027 K/201/▇.▇▇/▇▇▇▇ tanggal 18 September 1985.
6. Keputusan Direktur Jenderal Pertambangan Umum
No. 667 K/201/040000/1986 tanggal 11 Nopember 1986.
7. Keputusan Direktur Jenderal Pertambangan Umum
No. 398 K/2013/DDJP/92 tanggal 6 Nopember 1992.

Memberhatikan : Surat Drektur Direktorat Teknik Pertambangan Umum tanggal 26
Oktober 1993 Nomor: 2981/22/DPT/1993

MEMUTUSKAN
Menetapkan :
PERTAMA : Memberikan Perpanhangan Kedua Kuasa Pertambangan Eksplorasi
(DU. 872/Riau)

Kepada : Ny.▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ : Jl. Kayu Putih Tengah I D/r A, Pulomas Jakarta

29
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEDUA : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan ▇▇▇ mempunyai ▇▇▇▇ ▇▇▇▇▇ sejak tanggal 11 Agustus 1993.

Ditetapkan di : Jakarta
Pada tanggal : 14 Desember 1993

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

6. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur
Direktorat Sumberdaya Mineral, J1n. Diponegoro No.57 Bandung.

7. Direktur Jenderal Pemerintahan Umum ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇.

▇. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam,
Departemen Kehutanan, J1.Ir.H.▇▇▇▇▇▇ No.9, Bogor.

9. Kepala Biro Hukum, Sekretariat Janderal Departemen Pertambangan ▇▇▇
Energi di Jakarta.

10. Kepala Biro Keuangan, Sekretariat Jenderal Departemen Pertambangan
▇▇▇ Energi di Jakarta.

11. Direktur Direktorat Teknik Pertambangan Umum di Jakarta.
12. Kirektur Kirektorat Pembinaan Pengusahaan Pertambangan di Jakarta.
13. Gubernur Kepala Daerah Tingkat I Propinsi Riau.

14. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertambangan ▇▇▇ Energi di
Pekanbaru.

15. Bupati Kepala Daerah Tinghat II Kabupaten Indragiri Hulu.
30
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUPLIK INDONESIA
DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR : 320.K/2013/DDJP/1994

TENTANG

PEMBERIAN KUASA PERTAMBANGAN EKSPLORASI
( DU. 998/RIAU )

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. AKSARA TAMA PRAMITA tanggal 10 Mei 1993.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sepbagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

Mengingat : 1. Undang-undang ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1967 ▇▇. ▇▇,
▇▇▇▇▇ ▇▇. ▇▇▇▇).
2. Peraturan Pemerintah ▇▇. ▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1969 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇) jo. Peraturan Permintah ▇▇. ▇▇
▇▇▇▇▇ ▇▇▇▇ ( ▇▇▇▇ ▇▇ 1992 ▇▇. ▇▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇ ).
3. Peraturan ▇▇▇▇▇▇▇▇▇▇ ▇▇.▇▇ ▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇ ▇▇ 1980 ▇▇.
▇▇, ▇▇▇▇▇ ▇▇. ▇▇▇▇).
4. Keputusan Presiden R.I. No. 343/M Tahun 1993 tanggal 11
September 1993.
5. Keputusan Menteri Pertambangan ▇▇▇ Enegi No. 2027
K/201/▇.▇▇/▇▇▇▇ tanggal 18 September 1985.
6. Keputusan Direktur Jenderal Pertambangan Umum No. 667
K/201/040000/1986 tanggal 11 Nopember 1986.
Memperhatikan : Surat Direktur Direktorat Teknik Pertambangan Umum tanggal
31 Mei 1994 Nomor : 1446/2013/DPT/1994.

M E M U T U S K A N

Menetapkan :
PERTAMA : Memberikan Kuasa Pertambangan Eksplorasi untuk jangka waktu 3
(tiga) tahun berturut-turut :

Kepada : PT. AKSARA TAMA ▇▇▇▇▇▇▇
▇▇▇▇▇▇ : J1. cengkeh ▇▇. ▇▇ ▇-▇
▇▇▇▇▇▇▇ ▇▇▇▇.

atas suatu wilayah tertanda DU. 998/Riau
terletak di : Kabupaten Indragiri Hulu, Propinsi Riau.

seluas : 2.000 (dua ribu) hektar

dengan penjelasan batas wilayah seperti tercantum dalam
lampiran I yang ditanda tangani oleh Direktur Direktorat
Teknik Pertambangan Umum ▇▇▇ peta wilayah Kuasa Pertambangan
dalam lampiran II untuk mengadakan eksplorasi mencari bahan
galian " ▇▇▇▇ ▇▇▇ mineral pengikutnya " dengan
memenuhi kewajiban-kewajiban tersebut dalam lampiran III
Keputusan ini serta ketentuan peraturan perundang-undangan
yang berlaku.

KEDUA : Kuasa Pertambangan ini dapat dibatalkan walaupun masa
berlakunya belum habis, apabila Pemegang Kuasa Pertambangan
tidak memenuhi kewajiban-kewajiban yang tercantum di dalam
lampiran III Keputusan in ▇▇▇ ketentuan peraturan perundang-
undangan yang berlaku.
31
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KETIGA : Pemegang Kuasa Pertambangan yang bermaksud mengadakan
kerja sama dengan pihak modal asing dalam rangka Perjanjian
Karya terlebih dahulu harus memperoleh izin tertulis dari
Menteri Pertambangan ▇▇▇ Energi cq. Direktur Jenderal
Pertambangan Umum.

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan.

Ditetapkan di : JAKARTA
pada tanggal : 21 Oktober 1994

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN:
1. Menteri Pertambangan ▇▇▇ energi di Jakarta (dengan peta).
2. Menteri Kehutanan di Jakarta (dengan peta).
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta).
4. Menteri Negara Agaria/Kepala Badan Pertanahan Nasional di Jakarta (dengan
peta);
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
6. Inspektur Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta);
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, J1. Diponegoro ▇▇. ▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇ peta);
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta);
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian alam, Departemen
Kehutanan J1.Ir.H. Juana No. 9 Bogor (dengan peta);
10. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan di
Jakarta (dengan peta);
11. Kepala Biro Hukum Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta);
12. Kepala Biro Keuangan, Departemen Petambangan ▇▇▇ Energi di Jakarta (tanpa
peta);
13. Direktur Teknik Teknik Pertambangan Umum di Jakarta (dengan peta);
14. Direktur Direktorat Pembinaan Pengusahaan Pertambangan di Jakarta (dengan
peta);
15. Gubernur Kepala Daerah Tingkat I Propinsi Riau (dengan peta);
16. Kepala ▇▇▇▇▇▇ Wilayah Departemen Pertabangan ▇▇▇ Energi di Pekanbaru
(dengan peta);
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Pekanbaru (dengan peta);
18. Bupati Kepala Daerah Tingkat II Kabupaten Indragiri Hulu (dengan peta);

32
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : Keputusan Direktur Jenderal Pertambangan Umum
Nomor : 320.K/2013/DDJP/1994
Tanggal : 21 Oktober 1994

PENJULASAN BATAS WILAYAH KUASA PERTAMBANGAN EKSPLORASI
(D.U. 998 / RIAU)

Sebelah Utara ▇▇▇ : ▇▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇ sejajar terletak pada 3,000 meter di
sebelah Selatan sebelah Utara ▇▇▇ 2,000 meter di sebelah Selatan titik
Triangulasi 111.

Sebelah Timur ▇▇▇ : ▇▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇ rembang terletak pada 7,000 meter
sebelah ▇▇▇▇▇ ▇▇▇ 3,000 meter di sebelah Timur titik tersebut di atas.

Direktur Directorat Teknik Pertambangan Umum

[SEAL]

Ir. Soelendro As
NIP. 100002158.
33
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran III : Keputusan Direktur Jenderal Pertambangan Umum
Nomor : 320.K/2013/DDJP/1994
Tanggal : 21 Oktober 1994

KEWAJIBAN-KEWAJIBAN PEREGANG KUASA PERTAMBANGAN EKSPLORASI

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domesili)
pada Pengadilan Negeri yang berkedudukan di ibu kota Propinsi Riau di
Pekanbaru.

II. Sebelum melakukan kegiatan, pemegang Kuasa Pertambangan ini harus lebih
dahulu memberitahukan kepada Pemerintah Daerah ▇▇▇ ▇▇▇▇▇▇ Wilayah
Departemen Pertambangan ▇▇▇ Energi di Pekanbaru.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga, diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasa Pertambangan Eksplorais diwajibkan membayar Iuran Tetap
▇▇▇ Iuran Eksplorasi menurut ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum beraknirnya Kuasa Pertambangan.

V. Jika terjadi pertindihan wilayah Kuasa Pertambangan dengan kepentingan
lahan lainnya, maka pemegang Kuasa Pertambangan sebelum melaksanakan
kagiatan dalam wilayah tersebut harus lebih dahulu menyelesaikannya
sesuai dengan ketentuan yang berlaku.

VI. a. Pemegang Kuasa Pertambangan harus memberikan laporan kegiatan 3
(tiga) bulan sekali kepada Direktur Jenderal Pertambangan Umum (1
expl.) ▇▇▇ tembusannya disampaikan kepada Direktur Direktorat Teknik
Pertambangan Umum (3 expl.), Kepala ▇▇▇▇▇▇ Wilayah Departemen
Pertambangan ▇▇▇ Energi di Pekanbaru (1 expl.), Gubernur ▇▇▇ Bupati
Kepala Daerah setempat (masing-masing 1 expl.).

b. ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ (▇▇▇▇) bulan setelah tanggal
ditetapkannya Keputusan ini, Pemegang Kuasa Pertambangan harus sudah
menyampaikan laporan mengenai pematokan batas-batas wilayah Kuasa
Pertambangan tersebut.

VII. Dalam Bidang Pengawasan.

a. Pemegang Kuasa Pertambangan harus mematuhi/mentaati peratruan yang
berlaku mengenai Pengawasan Keselmatan ▇▇▇ Kesehatan Kerja serta
Lingkungan dibidang Pertambangan umum.
b. Pengawasan atas pelaksanaan Kuasa Pertambangan ini dilakukan oleh
Pelaksana Inpeksi Tambang ▇▇▇/atau petugas yang ditunjuk oleh
Direktur Jenderal Pertambangan Umum.
c. Pemegang Kuasa Pertambangan dapat/diperkenankan meminta kepada
petugas tersebut untuk memperlihatkan surat-surat pengenal ▇▇▇
surat-surat tugasnya.

VIII. a. Permohonan Perpanjangan atau permohonan Kuasa Pertambangan
Eksploitasi sebegai peningkatan harus kiajukan 3 (tiga) bulan sebelum
berakhirnya masa izin ini dengan desertai bukti-bukti kewajiban yang
telah dipenuhi.

b. Atas kelalaian tersebut pada huruf a, mengakibatkan:
1. Kuasa Pertambangan berakhir menurut hukum ▇▇▇ ▇▇▇▇▇▇ usaha
pertambangan harus dihentikan.
2. ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ (▇▇▇▇) bulan sejak tanggal
berkahirnya Keputusan ini, pemegang Kuasa Pertambangan mengangkat
keluar segala sesuatu yang menjadi milikanya kecuali ▇▇▇▇▇-▇▇▇▇▇/
bangunan-bangunan yang dipergunakan untuk kepentingan umum.

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KONTORO MANGKUSUBROTO
34
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUPLIK INDONESIA
DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR : 321.K/2013/DDJP/1994

TENTANG

PEMBERIAN KUASA PERTAMBANGAN EKSPLORASI
( DU. 999/RIAU )

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. AKSARA TAMA PRAMITA tanggal 10 Mei 1993.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sepbagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

M E M U T U S K A N

Menetapkan :
PERTAMA : Memberikan Kuasa Pertambangan Eksplorasi untuk jangka waktu 3
(tiga) tahun berturut-turut :

Kepada : PT. AKSARA TAMA ▇▇▇▇▇▇▇
▇▇▇▇▇▇ : J1. Cengkeh ▇▇. ▇▇ ▇-▇
▇▇▇▇▇▇▇ ▇▇▇▇.

atas suatu wilayah tertanda DU. 998/Riau
terletak di : Kabupaten Indragiri Hulu, Propinsi Riau.

seluas : 1.850 (seribu delapan ▇▇▇▇▇ ▇▇▇▇ pulah)
hektar

KEDUA : Kuasa Pertambangan ini dapat dibatalkan walaupun masa
berlakunya belum habis, apabila Pemegang Kuasa Pertambangan
tidak memenuhi kewajiban-kewajiban yang tercantum di dalam
lampiran III Keputusan in ▇▇▇ ketentuan peraturan perundang-
undangan yang berlaku.
35
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KETIGA : Pemegang Kuasa Pertambangan yang bermaksud mengadakan kerja
sama dengang pihak modal asing dalam rangka Perjanjian Karya
terlebih dahulu harus memperoleh izin tertulis dari Merteri
Pertambangan ▇▇▇ Energi cq. Direktur Jenderal Pertambangan
Umum.

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan.

Ditetapkan di : JAKARTA
Pada Tanggal : 21 Oktober 1994

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN :
1. Menteri Pertambangan ▇▇▇ Energi di Jakarta (dengan peta).
2. Menteri Kehutanan di Jakarta (dengan peta).
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta).
4. Menteri Negara Agraria/Kepala badan Pertanahan Nasional di Jakarta
(dengan peta).
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
6. Inspektur jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, ▇▇.▇▇▇▇▇▇▇▇▇▇ ▇▇.▇▇ Bandung (dengan peta).
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta).
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam, Departemen
Kehutanan Jl.Ir.H.Juandan ▇▇.▇ ▇▇▇▇▇ (▇▇▇▇▇▇ ▇▇▇▇).
▇▇. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan
di Jakarta (dengan peta).
11. Kepala Biro Hukum, Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
12. Kepala Biro Keuangan, Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
13. Direktur Direktorat Teknik Pertambangan Umum di Jakarta (dengan peta).
14. Direktur Direktorat Pembinaan Pengusahaan Pertambangan di Jarkata (dengen
peta).
15. Gubernur Kepala Dareah Tingkat I Propinsi Riau (dengan peta).
16. Kepala Kanto Wilayah Departemen Pertambangan ▇▇▇ Energi di Pekanbaru
(dengan peta).
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Pekanbaru (dengan peta).
18. Bupati Keplal Daerah Tingkat II Kabupaten Indragiri Hulu (dengan peta).
36
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : Keputusan Direktur Jenderal Pertambangan Umum

Nomor : 321.K/2013/DDJP/1994

Tanggal : 21 Oktober 1994

PENJELASAN BATAS WILAYAH KUASA PERTAMBANGAN EKSPLORASI
( D.U. 999 / RIAU )

Sebelah Utara : ▇▇▇▇▇ sejajar terletak pada 2.000 meter di sebelah Selata
titik Triangulasi 111.

Sebelah Timur : ▇. ▇▇▇▇▇ rembang terletak pada 7.000 meter di sebelah Timur
titik tersebut di atas
▇. ▇▇▇▇▇ sejajar terletak pada 3.250 meter di sebelah
Selatan titik tersebut di atas.
▇. ▇▇▇▇▇ rembang terletak pada 6.000 meter di sebelah Timur
titik tersebut di atas.
▇. ▇▇▇▇▇ sejajar terletak pada 4.750 meter di sebelah
Selatan titik tersebut di atas.
▇. ▇▇▇▇▇ rembang terletak pada 7.000 meter di sebelah Timur
titik tersebut di atas.

Sebelah Selatan : ▇▇▇▇▇ sejajar terletak pada 7.000 meter di sebelah Selatan
titik tersebut di atas.

Sebelah Barat : ▇▇▇▇▇ rembang terletak pada 3.000 meter di sebelah Timur
titik tersebut di atas.

DIREKTUR DIREKTOR AT TEKNIK PERTAMBANGAN UMUM

[SEAL]

IR. SOELENDRO AS
NIP 100002158.

37
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

[THIS IS A MAP OF
LAMPLHAN II KEPUTUSAN DIRJEN PERTAMBANGAN UMUM]

38
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran III : Keputusan Direktur Jenderal Pertambangan Umum
Nomor : 321.K/2013/DDJP/1994
Tanggal : 21 Oktober 1994

KEWAJIBAN-KEWAJIBAN PEREGANG KUASA PERTAMBANGAN EKSPLORASI

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domesili)
pada Pengadilan Negeri yang berkedudukan di ibu kota Propinsi Riau di
Pekanbaru.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga, diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasa Pertambangan Eksplorais diwajibkan membayar Iuran Tetap
▇▇▇ Iuran Eksplorasi menurut ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum beraknirnya Kuasa Pertambangan.

VII. Dalam Bidang Pengawasan.

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KONTORO MANGKUSUBROTO
39
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DIREKTORAT TEKNIK PERTAMBANGAN UMUM
SUB DIT PELAYANAN USAHA PERTAMBANGAN
JALAN JENDERAL GATOT ▇▇▇▇▇▇▇ KAV. 49
J A K A R T A

=============================================================================

JAKARTA, 22 AGUSTUS 1995
KEPADA YTH.
SDR. JUSRI JAMAL, SH/CV. BOLIOHUTU MINING
PERKANTORAN KAYU PUTIH BOLK D NO. 11
J1. KAYU PUTIH VI
JAKARTA TIMUR

S U R A T P E N G A N T A R
Nomor : 291 /20/SD.I/1995
-----------------------------------------------------------------------------
NO. PERIHAL BANKAKNYA KETERANGAN
-----------------------------------------------------------------------------
1 Keputusan Dirjen Pertambangan 3 buah Disampaikan kepa
Umum: Saudara dengan harapan
No. 226 K s/d 228 K/2012/ agar dapat diterima
DDJP/1995. ▇▇▇ dipergunakan den-
Tgl. 22 Mei 1995 gan baik serta mema-
KP.Penyelidikan Umum tuhi kewajiban sesuai
Du. 362 s/d 364 dengan ketentuan per-
Sulut. undang-undangan yang
berlaku.

DIREKTUR DIREKTORAT TEKNIK
PERTAMBANGAN UMUM
AN. KASUBIT PELAYANAN UASAHA PERTAMBANGAN
KEPALA SEKSI IURAN PERTAMBANG

/s/

DITERIMA OLEH SUNARTOJO, BE
NIP. 100000942
/s/
.................
CAP/NAMA TERANG

Tembusan :

1. Sekretaris Direktorat Jenderal Pertambangan Umum
2. Direktur Direktorat Teknik Pertambangan Umum

40
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUPLIK INDONESIA
DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR : 322.K/2013/DDJP/1994

TENTANG

PEMBERIAN KUASA PERTAMBANGAN EKSPLORASI
( DU. 1000/RIAU )

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. AKSARA TAMA PRAMITA tanggal 10 Mei 1993.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sepbagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

M E M U T U S K A N

Menetapkan :
PERTAMA : Memberikan Kuasa Pertambangan Eksplorasi untuk jangka waktu 3
(tiga) tahun berturut-turut :

Kepada : PT. AKSARA TAMA ▇▇▇▇▇▇▇
▇▇▇▇▇▇ : J1. Cengkeh ▇▇. ▇▇ ▇-▇
▇▇▇▇▇▇▇ ▇▇▇▇.

atas suatu wilayah tertanda DU. 998/Riau
terletak di : Kabupaten Indragiri Hulu, Propinsi Riau.

seluas : 1.962,50 (seribu sembilan ratus enam puluh
dua 50/100) hektar

KEDUA : Kuasa Pertambangan ini dapat dibatalkan walaupun masa
berlakunya belum habis, apabila Pemegang Kuasa Pertambangan
tidak memenuhi kewajiban-kewajiban yang tercantum di dalam
lampiran III Keputusan in ▇▇▇ ketentuan peraturan perundang-
undangan yang berlaku.
41
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan.

Ditetapkan di : JAKARTA
Pada Tanggal : 21 Oktober 1994

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN :
1. Menteri Pertambangan ▇▇▇ Energi di Jakarta (dengan peta).
2. Menteri Kehutanan di Jakarta (dengan peta).
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta).
4. Menteri Negara Agraria/Kepala badan Pertanahan Nasional di Jakarta
(dengan peta).
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
6. Inspektur jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, ▇▇.▇▇▇▇▇▇▇▇▇▇ ▇▇.▇▇ Bandung (dengan peta).
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta).
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam, Departemen
Kehutanan Jl.Ir.H.Juandan ▇▇.▇ ▇▇▇▇▇ (▇▇▇▇▇▇ ▇▇▇▇).
▇▇. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan
di Jakarta (dengan peta).
11. Kepala Biro Hukum, Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
12. Kepala Biro Keuangan, Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
13. Direktur Direktorat Teknik Pertambangan Umum di Jakarta (dengan peta).
14. Direktur Direktorat Pembinaan Pengusahaan Pertambangan di Jarkata (dengen
peta).
15. Gubernur Kepala Dareah Tingkat I Propinsi Riau (dengan peta).
16. Kepala Kanto Wilayah Departemen Pertambangan ▇▇▇ Energi di Pekanbaru
(dengan peta).
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Pekanbaru (dengan peta).
18. Bupati Keplal Daerah Tingkat II Kabupaten Indragiri Hulu (dengan peta).
42
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : Keputusan Direktur Jenderal Pertambangan Umum

Nomor : 322.K/2013/DDJP/1994

Tanggal : 21 Oktober 1994

PENJELASAN BATAS WILAYAH KUASA PERTAMBANGAN EKSPLORASI
( D.U. 1000 / RIAU )

Sebelah Utara : ▇▇▇▇▇ sejajar melalui titik Triangulasi 111.

Sebelah Timur : ▇▇▇▇▇ rembang terletak pada 12.000 meter di sebelah Timur
titik tersebut di atas.

Sebelah Selatan : ▇. ▇▇▇▇▇ sejajar terletak pada 4.000 meter di sebelah
Selatan titik tersebut di atas.
▇. ▇▇▇▇▇ rembang terletak pada 7.500 meter di sebelah Timur
titik tersebut di atas.
▇. ▇▇▇▇▇ sejajar terletak pada 3.250 meter di sebelah
Selatan titik tersebut di atas.

Sebelah Barat : ▇▇▇▇▇ rembang terletak pada 7.000 meter di sebelah Timur
titik tersebut di atas.

DIREKTUR DIREKTOR AT TEKNIK PERTAMBANGAN UMUM

[SEAL]

IR. SOELENDRO AS
NIP 100002158.

43
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

[THIS IS A MAP OF
LAMPLHAN II KEPUTUSAN DIRJEN PERTAMBANGAN UMUM]

44
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran III : Keputusan Direktur Jenderal Pertambangan Umum
Nomor : 322.K/2013/DDJP/1994
Tanggal : 21 Oktober 1994

KEWAJIBAN-KEWAJIBAN PEREGANG KUASA PERTAMBANGAN EKSPLORASI

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domesili)
pada Pengadilan Negeri yang berkedudukan di ibu kota Propinsi Riau di
Pekanbaru.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga, diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasa Pertambangan Eksplorais diwajibkan membayar Iuran Tetap
▇▇▇ Iuran Eksplorasi menurut ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum beraknirnya Kuasa Pertambangan.

VII. Dalam Bidang Pengawasan.

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KONTORO MANGKUSUBROTO
45
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

DEPARTEMEN PERTAMBANGAN ▇▇▇ ENERGI REPUPLIK INDONESIA
DIREKTORAT JENDERAL PERTAMBANGAN UMUM

KEPUTUSAN DIREKTUR JENDERAL PERTAMBANGAN UMUM
NOMOR : 323.K/2013/DDJP/1994

TENTANG

PEMBERIAN KUASA PERTAMBANGAN EKSPLORASI
( DU. 1001/RIAU )

DIREKTUR JENDERAL PERTAMBANGAN UMUM

Membaca : Surat permohonan PT. AKSARA TAMA PRAMITA tanggal 10 Mei 1993.

Menimbang : bahwa permohonan yang bersangkutan telah memenuhi
syarat-syarat sepbagaimana ditentukan dalam peraturan
perundang-undangan yang berlaku.

M E M U T U S K A N

Menetapkan :
PERTAMA : Memberikan Kuasa Pertambangan Eksplorasi untuk jangka waktu 3
(tiga) tahun berturut-turut :

Kepada : PT. AKSARA TAMA ▇▇▇▇▇▇▇
▇▇▇▇▇▇ : J1. Cengkeh ▇▇. ▇▇ ▇-▇
▇▇▇▇▇▇▇ ▇▇▇▇.

atas suatu wilayah tertanda DU. 998/Riau
terletak di : Kabupaten Indragiri Hulu, Propinsi Riau.

seluas : 1.962,50 (seribu sembilan ratus enam puluh
dua 50/100) hektar

KEDUA : Kuasa Pertambangan ini dapat dibatalkan walaupun masa
berlakunya belum habis, apabila Pemegang Kuasa Pertambangan
tidak memenuhi kewajiban-kewajiban yang tercantum di dalam
lampiran III Keputusan in ▇▇▇ ketentuan peraturan perundang-
undangan yang berlaku.
46
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

KEEMPAT : Keputusan Direktur Jenderal ini mulai berlaku pada tanggal
ditetapkan.

Ditetapkan di : JAKARTA
Pada Tanggal : 21 Oktober 1994

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KUNTORO MANGKUSUBROTO

TEMBUSAN :
1. Menteri Pertambangan ▇▇▇ Energi di Jakarta (dengan peta).
2. Menteri Kehutanan di Jakarta (dengan peta).
3. Menteri Negara Penggerak ▇▇▇▇ Investasi/Ketua Badan Koordinasi Penanaman
Modal di Jakarta (tanpa peta).
4. Menteri Negara Agraria/Kepala badan Pertanahan Nasional di Jakarta
(dengan peta).
5. Sekretaris Jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
6. Inspektur jenderal Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
7. Direktur Jenderal Geologi ▇▇▇ Sumberdaya Mineral up. Direktur Direktorat
Sumberdaya Mineral, ▇▇.▇▇▇▇▇▇▇▇▇▇ ▇▇.▇▇ Bandung (dengan peta).
8. Direktur Jenderal Pemerintahan Umum ▇▇▇ Otonomi Daerah, Departemen Dalam
Negeri di Jakarta (tanpa peta).
9. Direktur Jenderal Perlindungan Hutan ▇▇▇ Pelestarian Alam, Departemen
Kehutanan Jl.Ir.H.Juandan ▇▇.▇ ▇▇▇▇▇ (▇▇▇▇▇▇ ▇▇▇▇).
▇▇. Direktur Jenderal Inventarisasi ▇▇▇ Tataguna Hutan, Departemen Kehutanan
di Jakarta (dengan peta).
11. Kepala Biro Hukum, Departemen Pertambangan ▇▇▇ Energi di Jakarta (dengan
peta).
12. Kepala Biro Keuangan, Departemen Pertambangan ▇▇▇ Energi di Jakarta (tanpa
peta).
13. Direktur Direktorat Teknik Pertambangan Umum di Jakarta (dengan peta).
14. Direktur Direktorat Pembinaan Pengusahaan Pertambangan di Jarkata (dengen
peta).
15. Gubernur Kepala Dareah Tingkat I Propinsi Riau (dengan peta).
16. Kepala Kanto Wilayah Departemen Pertambangan ▇▇▇ Energi di Pekanbaru
(dengan peta).
17. Kepala ▇▇▇▇▇▇ Wilayah Departemen Kehutanan di Pekanbaru (dengan peta).
18. Bupati Keplal Daerah Tingkat II Kabupaten Indragiri Hulu (dengan peta).
47
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran I : Keputusan Direktur Jenderal Pertambangan Umum

Nomor : 323.K/2013/DDJP/1994

Tanggal : 21 Oktober 1994

PENJULASAN BATAS WILAYAH ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
(▇.▇. ▇▇▇▇ / ▇▇▇▇)

Sebelah Utara : ▇. ▇▇▇▇▇ sejajar terlatak pada 4.750 meter di sebelah
Selatan titik Triangulasi 111.

▇. ▇▇▇▇▇ rembang terletak pada 7.500 meter di sebelah Timur
titik tersebut di atas.

▇. ▇▇▇▇▇ sejajar terlatak pada 4.000 meter di sebelah
Selatan titik tersebut di atas.

Sebelah Timur : ▇▇▇▇▇ rembang terletak pada 12.000 meter di sebelah Timur
titik tersebut di atas.

Sebela Selatan : ▇▇▇▇▇ sejajar terlatak pada 8.000 meter di sebelah Selatan
titik tersebut di atas.

Sebelah Barat : ▇▇▇▇▇ rembang terletak pada 7.000 meter di sebelah Timur
titik tersebut di atas.

Direktur Directorat Teknik Pertambangan Umum

[SEAL]

Ir. Soelendro As
NIP. 100002158.
48
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

[THIS IS A MAP OF
LAMPLHAN II KEPUTUSAN DIRJEN PERTAMBANGAN UMUM]

49
[TRANSLATION NOT CURRENTLY AVAILABLE, BUT WILL BE PROVIDED BY AMENDMENT.]

Lampiran III : Keputusan Direktur Jenderal Pertambangan Umum
Nomor : 323.K/2013/DDJP/1994
Tanggal : 21 Oktober 1994

KEWAJIBAN-KEWAJIBAN PEREGANG KUASA PERTAMBANGAN EKSPLORASI

I. Pemegang Kuasa Pertambangan ini telah memilih tempat tinggal (domesili)
pada Pengadilan Negeri yang berkedudukan di ibu kota Propinsi Riau di
Pekanbaru.

III. Hubungan antara pemegang Kuasa Pertambangan dengan pemilik tanah ▇▇▇
pihak ketiga, diatur menurut ketentuan-ketentuan yang berlaku.

IV. Pemegang Kuasa Pertambangan Eksplorais diwajibkan membayar Iuran Tetap
▇▇▇ Iuran Eksplorasi menurut ketentuan yang berlaku ▇▇▇ harus dilunasi
sebelum beraknirnya Kuasa Pertambangan.

VII. Dalam Bidang Pengawasan.

DIREKTUR JENDERAL PERTAMBANGAN UMUM

[SEAL]

KONTORO MANGKUSUBROTO
50
DEVELOPMENT AGREEMENT
GOLD MINING PROJECT IN EAST KALIMANTAN

THE MUNUNG GOLD MINING CONCESSION

This development Agreement (AGREEMENT) is made and entered into on this ___ day
of February, 1977 by and between:

PT MUARA MAYANG COAL UTAMA, a limited liability company established and validly
existing under Indonesian law, and having its address at Komplek Pertokoan Pulo
Mas Blok VII/15-16, Jakarta Timur - Indonesia (hereinafter referred to as "MUARA
MAYANG"), and is represented in this Agreement by its Direktur Utama, Mr. T.
Jusri Djamal; and

KALIMAS JAYA LTD., a Bahamas Corporation having its registered offices in the
Bahamas and its representative offices in Singapore (hereinafter referred to as
"KALIMAS"), and is represented in this Agreement by its President Director, Mr.
▇▇▇▇▇▇▇ ▇▇▇▇.

Muara Mayang and Kalimas are hereinafter referred to collectively as "THE
PARTIES."

WITNESSETH

Whereas, the government of Indonesia acting through its Department of Mines and
Energy and the Directorate General of General Mining (hereinafter referred to as
the "DGGM") wishes to expand on its enhanced exploration and exploitation for
gold and other precious metals during the next Sixth Development Plan (known as
Repelita VI) and beyond, and encourages the private sector to participate in
such exploration, development, exploitation and production; and

Whereas KALIMAS is actively seeking to acquire gold mining concessions and to
implement gold mining activities in East Kalimantan, Indonesia (hereinafter
referred to as the "PROJECT"); and

Whereas MUARA MAYANG currently controls a valid government license, known as
Kuasa Pertambangan Penyelidikan Umum and which is listed in official government
records as Number 378.K/2012/DDJP/1996, for the general survey and exploration
of gold minerals on a 6,096-HECTARE Concession, known as the Munung Gold Mining
Concession in East Kalimantan. Muara Mayang can successfully demonstrate that it
has officially blocked this area of land at the DGGM and that it has also
received a valid license from the DGGM for the general survey and exploration of
gold and other metals on this Concession. Muara Mayang recognizes the importance
of obtaining other government licenses associated with the exploitation of gold
and other metals, for which licenses also include the refinery and production of
gold and other metals as well as the transportation and sale of gold and other
metals; Muara Mayang will use its expert abilities and efforts to obtain these
additional licenses from the Government in order to facilitate the development,
implementation, and success of the Project; and

Munung Gold Mining Concession 1

51
Whereas both Parties agree to use their best efforts to complete the sale,
acquisition, and development of the Munung Gold Mining Concession (hereinafter
referred to as the "TRANSACTION"), which includes the rights to the government
license for the general survey and exploration of gold and other metals on the
Concession. The Parties also agree to jointly cooperate to successfully obtain
any and all other government licenses which will be necessary for the success of
the Project; and

Whereas the Munung Gold Mining Concession (hereinafter referred to as the
"CONCESSION") is located in East Kalimantan, Indonesia, and potentially has
substantial deposits of gold and other precious metals. The Concession
encompasses mining authorizations with respect to approximately 6,096 hectares
of land. A geographical description of the concession is provided in EXHIBIT I
which is attached to this Agreement. The Concession is located in a gold
mineralization zone and, more importantly, is ___ km to the northwest of the
famous Kelian Gold Mining Concession which - to date - has approximately 5
million ounces of gold and is still under further exploration. Through official
filings and monetary payments made to the DGGM (which includes both filing and
annual fees as well as seriousness bonds), Muara Mayang has secured the rights
to the Concession as well as the government licenses for the general survey and
exploration of gold on the Concession. These documents and, most importantly, a
copy of the KP License obtained by Muara Mayang are shown in EXHIBIT II, which
is attached to this Agreement.

DESCRIPTION OF THE CONCESSION: 6096 HECTARES IN EAST KALIMANTAN

The Concession consists of approximately 6096 hectares of land. An official
government license has been issued in respect of the Concession and permits
Muara Mayang to perform a general survey and explore the gold and other metals
on the Concession. The License which was issued is delineated as follows:

1 - KUASA PERTAMBANGAN PENYELIDIKAN UMUM
No. 378.K/2012/DDJP/1996
Issued on 28 August 1996 to PT Muara Mayang Mas
This license is for the general survey and exploration of gold
metals on the 6096-hectare concession.

This official government license, which provides the rights to perform a general
survey and explore for gold and other metals on the Concession, is provided in
EXHIBIT II, which is attached to this Agreement.

For purposes of this Transaction, MR. T. JUSRI DJAMAL, as Direktur Utama of PT
Muara Mayang Mas, has been granted the complete and/or official authorization,
through a General Shareholder's Meeting (subject to stated provisions in the
Company's Articles of Association), to sell 80% of Muara Mayang's interest in
the Concession, including the full and complete transfer of the government
rights to explore for gold and other metals on the Concession. These official
authorizations for Mr. Djamal are referenced in EXHIBIT III, which is attached
to this Agreement. Although Muara Mayang will actively seek to obtain the
additional government licenses for the commercial exploitation of gold and other
metals (including the licenses for the refinery, production, transportation,

Munung Gold Mining Concession 2

52
and sale of gold and other metals), Muara Mayang recognizes that these
additional government licenses will also be transferred to Kalimas or to some
third party which is appointed by Kalimas. To date, Muara Mayang has secured the
government license for the general survey and exploration of gold and other
metals on the Concession as referenced in Exhibit II. This government license is
currently valid and is in the legal form of a Kuasa Pertambangan (KP). The
License is valid for a period of one (1) year and is renewable before maturity.

ADDITIONAL GOVERNMENT LICENSES

Muara Mayang will cooperate exclusively with Kalimas and/or Kalimas' appointed
third party to expand the scope of the current license to include other
additional government licenses, which are as follows:

1- License (KP) for Exploitation
2- License (KP) for Refinery and Production
3- License (KP) for transportation & Sale

Muara Mayang will use its expert abilities and efforts for obtaining these
additional government licenses from the DGGM. The purpose of obtaining all of
the necessary licenses is to make it feasible to effectively and efficiently
mine the Concession and to make it into a world-class profitable operation.

Whereas Kalimas has the ability to provide and/or secure financing to acquire an
80% interest in the Munung Gold Mining Concession and the related government
licenses from Muara Mayang as well as the ability to develop the Concession into
a world-class mining operation.

Now therefore, the Parties hereto agree as follows:

1. COOPERATION

In accordance with the Government Approvals which have already been granted to
Muara Mayang, the Parties agree as follows:

1.1 To submit additional application(s), as necessary, to the DGGM
for the licenses and/or mandates to explore for gold and other
precious metals on the Concession as well as commercial
licenses and/or mandates that are associated with refinery,
production, transportation and sale of gold from the
concession.

1.2 To complete the sale, acquisition, and development of the
concession

1.3 To support, develop, and complete the mining operations

Munung Gold Mining Concession 3

53
2. EXCLUSIVITY

Except as otherwise provided for in this Agreement, the Parties warrant that
they shall cooperate solely and exclusively with each other in connection with
this Gold Mining Project and that none of them shall enter into any agreement
with any other firm or group of firms with respect to any matters related to
this Project without the prior written consent of the other Party and to keep
this information strictly confidential. Further, Muara Mayang will grant Kalimas
a first right of refusal with respect to any gold mining Concessions which it
may control, influence the sale of, or be able to recommend to Kalimas.

The Parties also warrant that such exclusivity will be respected by those
persons or firms which they may exercise control or with their affiliate in any
manner.

3. SPONSORSHIP

Muara Mayang shall act as the main sponsor of this Project. In this regard,
Muara Mayang has already obtained the complete and proper approvals (which are
subject to legal verification) to sell an 80% interest in the concession, which
includes the full and complete rights to transfer the government Licenses which
Muara Mayang has received for the exploration and exploitation of gold and other
precious metals on the Concession. The Licenses which have been granted to Muara
Mayang as well as all geological and other significant information will be made
available to the Parties on a continual basis. Further, Muara Mayang will obtain
the other appropriate government licenses associated with the refinery,
production, transport, and sale of gold and other metals.

4. INITIAL RESPONSIBILITIES

The Parties agree that their responsibilities shall be as follows:

4.1 MUARA MAYANG has already secured the proper approvals to sell an
80% interest in the Munung Concession as well as the approvals
for the full and complete transfer of its rights to the
Concession which includes the Government Licenses. Upon the
successful completion of the acquisition of the Munung
Concession, Muara Mayang will continue to assist with the
development of the Project in conjunction with the Parties as
needed. In particular, Muara Mayang will take all steps
necessary or deemed advisable by Kalimas to secure any and all
other appropriate government licenses associated with
exploration, exploitation, refinery, production, and transport &
sale of gold and other metals. Muara Mayang has reviewed
preliminary geological surveys on the Concession and will
provide all of this information as well as all future
information to the Parties on a continual basis.

Munung Gold Mining Concession 4

54
Muara Mayang will give Kalimas first priority/option for any
future gold mining opportunities for acquisition and/or for
working together in seeking other gold mining projects. In
particular, Muara Mayang must give first priority to Kalimas to
acquire any additional Concession which are contiguous with the
current Concession. In those instances where these contiguous
Concession and/or other Concession region are owned and/or
controlled by friends, families, and/or directors of other local
PT Companies which are associated with Muara Mayang, Muara
Mayang must give priority to Kalimas to acquire such Concession,
if available.

4.2 KALIMAS will be responsible to provide and/or secure financing
for the Project, provide world-class technologies and
management/exploration teams and, if necessary, a strategic
operator(s) to develop the Concession. Kalimas will jointly
assist the Project with Muara Mayang.

4.3 KALIMAS shall appoint a qualified Indonesian party to accept the
transfer of the licenses issued by the Department of Mines of
the Republic of Indonesia and may at any time at its discretion
cause or permit such party to transfer such Concession and
licenses to any third party based on prevailing regulations and
subject to Muara Mayang's continuing rights under the Agreement
being respected by such transferee.

5. TERMS & CONDITIONS FOR SALE & ACQUISITION

5.1 Muara Mayang will sell an 80% interest in the Concession as well
as transfer its full and complete rights to the Government
License for the general survey and exploration of gold and other
metals on the Concession. Furthermore, Muara Mayang's principals
and/or affiliates will not compete with Kalimas.

5.2 Payment For:

(a) Muara Mayang agrees to sell 80% of its interest in the
Concession as well as its full and complete rights to the
Government Licenses to such qualified party as indicated
by Kalimas that may be appointed for the price of USD
$_______________.

(b) All payments hereunder shall be subject to continual
fulfillment by Muara Mayang of its obligations under this
Agreement.

5.3 Payment Conditions:

(a) Kalimas agrees to make a down payment of USD
$____________ after the signing of this Agreement. This
payment, however, is subject to legal verification that
the title to the Concession is acceptable and without
encumbrances and that the government license issued to
Muara Mayang is current and valid.

Munung Gold Mining Concession 5

55
Furthermore, payment is to be made after the survey test
results from the initial investigation/exploration activity is
completed and any other legal verifications which may be
required in respect of title to the Concession and validity of
government licenses.

(b) The final payment of USD $______________________ will be
immediately paid to Muara Mayang upon the Gold Mine(s) being
put into the production stage and is generating positive
revenues. For this to occur, however, Muara Mayang must first
secure the complete and proper government licenses.
Specifically, Muara Mayang must secure those additional
government licenses which will allow the Parties to put the
Mine(s) into the production stage. Such government licenses
are as follows:

- KP Exploration & Exploitation
- KP Refinery & Production
- KP Transportation & Sale

Muara Mayang recognizes that once it secures these licenses
for the benefit of the Parties and, moreover, for the benefit
of the Project, Muara Mayang will transfer the full and
complete rights of these licenses to Kalimas or to the entity
appointed by Kalimas.

5.4 Profit Sharing/Shareholding

The Parties hereby agree that the Profit Sharing from the net profit
(total revenue minus all expenses including taxes) to the Project shall
be as follows:

Kalimas 80%

Muara Mayang 20%

The said percentage which is entitled to Muara Mayang will be held
offshore for the benefit of Muara Mayang.

5.3 Reimbursement of Expenses

Kalimas agrees to relinquish to or reimburse Muara Mayang for the funds
which Muara Mayang expended towards the Seriousness Bond which it paid
to the DGGM for blocking the 6096-hectare Concession. These funds
amount to a total of RP.___________. Receipts for these expenses are
referenced in EXHIBIT IV. Terms and Conditions for the reimbursement of
these expenses are to be determined by the Parties.

Munung Gold Mining Concession 6

56
5.6 Exploration Program

(a) Kalimas agrees to begin the Exploration Program on
the Concession by March/April 1997 or at a time
mutually agreed between the Parties:______________.

(b) Kalimas will dig numerous test pits as part of the
exploration program.

(c) Shallow drilling to the depth of 50-60 meters will be
carried out over the first 90-day period or at a
practical time.

(d) Deep drilling to the depth of 200 meters will also be
carried out over the second 90-day period or at a
practical time.

(e) Kalimas agrees to provide and/or secure 100% finance
the Exploration Program for the development and
implementation of the Munung Gold Mine. In this
regard, Kalimas agrees to spend a minimum of USD
$100,000 in Year 1; USD $100,000 in Year 2; and USD
#100,000 in Year 3. Accounting records for these
expenditures will be kept by Kalimas.

6. JURISDICTION

6.1 (a) Any dispute or controversies which may arise out of
this Agreement shall be amicably settled by the
Parties, but in failure thereof, such disputes or
controversies shall be referred to the arbitration of
the Rules of Badan Arbitrasi Nasional Indonesia
(BANI). The arbitration panel shall consist of three
(3) arbitrators, one (1) chosen by the complainant,
one (1) chosen by the respondent and a Chairman
chosen by the arbitrators named by the complainant
and the respondent.

(b) The Parties expressly agree that (i) the arbitration
tribunal shall decide the matter as expeditiously as
possible, however no time limits shall be imposed,
(ii) Section 631 of the R.V. (Reglement op de
Rechtsvordering) shall apply, and that accordingly
the arbitrators shall only reach their decision by
applying strict rules of law to the facts and shall
not purport to resolve any dispute ex aequo et ▇▇▇▇,
(iii) the arbitration shall be conducted in the
English language, in Jakarta, Indonesia, or such
other place or places in Indonesia as the Parties to
the arbitration may agree, (iv) the Party in whose
favor the arbitral award is rendered shall be
entitled to recover costs and expenses of the
arbitration tribunal including but not limited to the
cost and expense of administration of the arbitration
proceedings, and (v) the arbitral award shall be
issued in Indonesia.

Munung Gold Mining Concession 7

57
(c) The Parties expressly agree to waive Section 641 of
the R.V. and any other applicable laws permitting
appeal to courts of law or any other body so that
accordingly there shall be no appeal to any court of
law or any other body from the decision (or any
interim decision) of the arbitrators and neither
party shall dispute nor question such decision before
any judicial authority in the Republic of Indonesia
or elsewhere.

(d) Pending the submission to arbitration and thereafter
until the arbitration tribunal issues its decision,
each Party shall, except in the event of expiration,
termination or failure by the other Party to obey or
comply with a specific order or decision of the
arbitration tribunal, continue to perform all of its
obligations under this Agreement without prejudice to
a final adjustment in accordance with the said award.

6.2 This Agreement as to its interpretation and application shall
be governed by the Laws of Indonesia.

6.3 The Parties hereby expressly agree to waive the provision of
Article 1266 of the Indonesian Civil Code with respect to the
need for a court pronouncement to terminate this Agreement.

7. TERM OF VALIDITY

This Agreement shall be in effect as of February ___, 1997,l and shall be valid
until the purposes and objectives of the Project have been fulfilled.

If for any reason the transfer of the Concession is not approved by the
Government Authorities within (6) months after the date of this Agreement
Kalimas shall have the option to terminate this Agreement with no further
liability hereunder.

8. OTHER MATTERS

Other matters not stipulated in this Agreement shall be further discussed and
decided later on through mutual discussion between the Parties on the basis of
this Agreement.

Munung Gold Mining Concession 8

58
In Witness Whereof, the Parties agree that this Agreement is legal and binding
and have caused their duly authorized representatives to execute this Agreement
on the year and date first above stated.

SIGNATORIES

PT MUARA MAYANG MAS KALIMAS JAYA LTD.

BY: [/S/] BY: [/S/]
------------------------------- --------------------------
NAME: NAME: ▇▇▇▇▇▇▇ ▇▇▇▇
TITLE: DIREKTUR UTAMA TITLE: PRESIDENT DIRECTOR

Munung Gold Mining Concession 9

59
LIST OF EXHIBITS

================================================================================

Exhibit I: Geographical Description of Property

Exhibit II: Government Filings and License

Exhibit III: General Shareholders' Meeting

Exhibit IV: Reimbursement Expenses

Munung Gold Mining Concession 10
60
DEVELOPMENT AGREEMENT
GOLD MINING PROJECT IN EAST KALIMANTAN

THE LONG BELEH GOLD MINING CONCESSION

This Development Agreement (AGREEMENT) is made and entered into on this 14th day
of February, 1997 by and between:

PT ▇▇▇▇▇ ▇▇▇▇▇ MAS, a limited liability company established and validly existing
under Indonesian law, and having its address at Komplek Pertokoan Pulo Mas Blok
IVV/15-16, Jakarta Timur - Indonesia (hereinafter referred to as "▇▇▇▇▇ ▇▇▇▇▇),"
and is represented in this Agreement by its Direktur Utama, Mr. T. Jusri Djamal;
and

▇▇▇▇▇ ▇▇▇▇▇ and Kalimas are hereinafter referred to collectively as "THE
PARTIES."

WITNESSETH

Whereas, the Government of Indonesia acting through its Department of Mines and
Energy and the Directorate General of General Mining (hereinafter referred to as
the "DGGM") wishes to expand on its enhanced exploration and exploitation for
gold and other precious metals during the next Sixth Development Plan (known as
Repelita VI) and beyond, and encourages the private sector to participate in
such exploration, development, exploitation and production; and

Whereas KALIMAS is actively seeking to acquire gold mining concessions and to
implement gold mining activities in East Kalimantan, Indonesia (hereinafter
referred to as the "PROJECT"); and

Whereas ▇▇▇▇▇ ▇▇▇▇▇ currently controls a valid government license, known as
Kuasa Pertambangan Penyelidikan Umum and which is listed in official government
records as Number 422.K/20122/DDJP/1996 for the general survey and exploration
of gold and other metals on a 4,637-HECTARE Concession, known as the Long Beleh
Gold Mining Concession in East Kalimantan. ▇▇▇▇▇ ▇▇▇▇▇ can successfully
demonstrate that it has officially blocked this area of land at the DGGM and
that it has also received a valid license from the DGGM for the general survey
and exploration of gold and other metals on this Concession. ▇▇▇▇▇ ▇▇▇▇▇
recognizes the importance of obtaining other government licenses associated with
the exploitation of gold and other metals, for which licenses also include the
refinery and production of gold and other metals as well as the transportation
and sale of gold and other metals; ▇▇▇▇▇ ▇▇▇▇▇ will use its expert abilities and
efforts to obtain these additional licenses from the Government in order to
facilitate the development, implementation, and successes of the Project; and

Long Beleh Gold Mining Concession 1

61
Whereas both Parties agree to use their best efforts to complete the sale,
acquisition, and development of the Long Beleh Gold Mining Concession
(hereinafter referred to as the "TRANSACTION"), which includes the rights to the
government license for the general survey and exploration of gold and other
metals on the Concession. The Parties also agree to jointly cooperate to
successfully obtain any and all other government licenses which will be
necessary for the success of the Project; and

Whereas the Long Beleh Gold Mining Concession (hereinafter referred to as the
"CONCESSION") is located in East Kalimantan, Indonesia, and potentially has
substantial deposits of gold and other precious metals. The Concession
encompasses mining authorizations with respect to approximately 4,637 hectares
of land. A geographical description of the Concession is provided in Exhibit I,
which is attached to this Agreement. The Concession is located in a gold
mineralization zone and, more importantly, is ___ km to the south of the famous
Busang Gold Mining Concession which - to date - has approximately 57 million
ounces of gold and is still under further exploration. Through official filings
and monetary payments made to the DGGM (which includes both filing and annual
fees as well as seriousness bonds), ▇▇▇▇▇ ▇▇▇▇▇ has secured the rights to the
Concession as well as the government licenses for the general survey and
exploration of gold on the concession. These documents and, most importantly, a
copy of the KP License obtained by ▇▇▇▇▇ ▇▇▇▇▇ are shown in EXHIBIT II, which is
attached to this Agreement.

DESCRIPTION OF THE CONCESSION: 4,637 HECTARES IN EAST KALIMANTAN

The Concession consists of approximately 4,637 hectares of land. An official
government license has been issued in respect of the Concession and permits
▇▇▇▇▇ ▇▇▇▇▇ to perform a general survey and explore for gold and other metals on
the Concession. The License which was issued is delineated as follows:

1 - KUASA PERTAMBANGAN PENYELIDIKAN UMUM
No. 422.K/2012/DDJP/1996
Issued on 16 September to PT ▇▇▇▇▇ ▇▇▇▇▇ Mas
This license is for the general survey and exploration of
gold metals on the 4,637-hectare concession

This official government license, which provides the rights to perform a general
survey and explore for gold and other metals on the Concession is provided in
EXHIBIT II, which is attached to this agreement.

For purposes of this Transaction, MR. T. JUSRI DJAMAL, as Direktur Utama of PT
Muara Komana Mas, has been granted the complete and/or official authorization,
through a General Shareholder's Meeting (subject to stated provisions in the
Company's Articles of Association), to sell 80% of ▇▇▇▇▇ ▇▇▇▇▇'▇ interest in the
concession, including the full and complete transfer of the government rights to
explore for gold and other metals on the concession. These official
authorizations for ▇▇. ▇▇▇▇▇ are referenced in EXHIBIT III, which is attached to
this Agreement. Although ▇▇▇▇▇ ▇▇▇▇▇ will actively seek to obtain the additional
government licenses for the commercial exploitation of gold and other metals
(including the licenses for the refinery, production, transportation and sale

Long Beleh Gold Mining Concession 2

62
of gold and other metals), ▇▇▇▇▇ ▇▇▇▇▇ recognizes that these additional
government licenses will also be transferred to Kalimas or to some third party
which is appointed by Kalimas. To date, ▇▇▇▇▇ ▇▇▇▇▇ has secured the government
license for the general survey and exploration of gold and other metals on the
Concession as referenced in Exhibit II. This government license is currently
valid and is in the legal form of a Kuasa Pertambangan (KP). The License is
valid for a period of one (1) year and is renewable before maturity.

ADDITIONAL GOVERNMENT LICENSES

▇▇▇▇▇ ▇▇▇▇▇ will cooperate exclusively with Kalimas and/or Kalimas' appointed
third party to expand the scope of the current license to include other
additional government licenses which are as follows:

1- License (KP) for Exploitation
2- License (KP) for Refinery and Production
3- License (KP) for transportation & Sale

▇▇▇▇▇ ▇▇▇▇▇ will use its expert abilities and efforts for obtaining these
additional government licenses from the DGGM. The purpose of obtaining all of
the necessary licenses is to make it feasible to effectively and efficiently
mine the Concession and to make it into a world-class profitable operation.

Whereas KALIMAS has the ability to provide and/or secure financing to acquire an
80% interest in the Long Beleh Gold Mining Concession and the related government
licenses from ▇▇▇▇▇ ▇▇▇▇▇ as well as the ability to develop the Concession into
a world-class mining operation.

Now therefore, the Parties hereto agree as follows:

1. COOPERATION

In accordance with the Government Approvals which have already been granted to
▇▇▇▇▇ ▇▇▇▇▇, the Parties agree as follows:

1.1 To submit additional application(s), as necessary, to the DGGM
for the licenses and/or mandates to explore for gold and other
precious metals on the concession as well as commercial
licenses and/or mandates that are associated with refinery,
production, transportation and sale of gold from the
Concession.

1.2 To complete the sale, acquisition, and development of the
Concession

1.3 To support, develop, and complete the mining operations

Long Beleh Gold Mining Concession 3

63
2. EXCLUSIVITY

Except as otherwise provided for in this Agreement, the Parties warrant that
they shall cooperate solely and exclusively with each other in connection with
this Gold Mining Project and that none of them shall enter into any agreement
with any other firm or group of firms with respect to any matters related to
this Project without the prior written consent of the other Party and to keep
this information strictly confidential. Further, ▇▇▇▇▇ ▇▇▇▇▇ will grant Kalimas
a first right of refusal with respect to any gold mining Concessions which it
may control, influence the sale of, or be able to recommend to Kalimas.

The Parties also warrant that such exclusivity will be respected by those
persons or firms which they may exercise control or with their affiliate in any
manner.

3. SPONSORSHIP

▇▇▇▇▇ ▇▇▇▇▇ shall act as the main sponsor of this Project. In this regard, ▇▇▇▇▇
▇▇▇▇▇ has obtained the complete and proper approvals (which are subject to legal
verification) to sell an 80% interest in the Concession, which includes the full
and complete rights to transfer the Government Licenses which ▇▇▇▇▇ ▇▇▇▇▇ has
received for the exploration and exploitation of gold and other precious metals
on the Concession. The Licenses which have been granted to ▇▇▇▇▇ ▇▇▇▇▇ as well
as all geological and other significant information will be made available to
the Parties on a continual basis. Furthermore, ▇▇▇▇▇ ▇▇▇▇▇ will obtain the other
appropriate government licenses associated with the refinery and production of
gold and other metals as well as the licenses for the transportation and sale of
gold and other metals.

4. INITIAL RESPONSIBILITIES

The Parties agree that their responsibilities shall be as follows:

4.1 ▇▇▇▇▇ ▇▇▇▇▇ has already secured the proper approvals to sell
an 80% interest in the Long Beleh Concession as well as the
approvals for the full and complete transfer of its rights to
the Concession, which includes the Government Licenses. Upon
the successful completion of the acquisition of the Long
Beleh Concession, ▇▇▇▇▇ ▇▇▇▇▇ will continue to assist with
the development of the Project in conjunction with the
Parties as needed. In particular, ▇▇▇▇▇ ▇▇▇▇▇ will take all
steps necessary or deemed advisable by Kalimas to secure any
and all other appropriate government licenses associated with
exploration, exploitation, refinery, production, and
transport & sale of gold and other metals. ▇▇▇▇▇ ▇▇▇▇▇ has
reviewed preliminary geological surveys on the Concession and
will provide all of this information as well as all future
information to the Parties on a continual basis.

Long Beleh Gold Mining Concession 4

64
▇▇▇▇▇ ▇▇▇▇▇ will give Kalimas first priority/option for any
future gold mining opportunities for acquisition and/or for
working together in seeking other gold mining projects. In
particular, ▇▇▇▇▇ ▇▇▇▇▇ must give first priority to Kalimas
to acquire any additional Concession which are contiguous
with the current Concession. In those instances where these
contiguous Concession and/or other Concession region are
owned and/or controlled by friends, families, and/or
directors of other local PT Companies which are associated
with ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ must give priority to Kalimas
to acquire such Concession, if available.

4.2 KALIMAS will be responsible to provide and/or secure
financing for the Project, provide world-class technologies
and management/exploration teams and, if necessary, a
strategic operator(s) to develop the Concession. Kalimas will
jointly assist the Project with ▇▇▇▇▇ ▇▇▇▇▇.

4.3 KALIMAS shall appoint a qualified Indonesian party to accept
the transfer of the licenses issued by the Department of
Mines of the Republic of Indonesia and may at any time at its
discretion cause or permit such party to transfer such
Concession and licenses to any third party based on
prevailing regulations and subject to ▇▇▇▇▇ ▇▇▇▇▇'▇
continuing rights under the Agreement being respected by such
transferee.

5. TERMS & CONDITIONS FOR SALE & ACQUISITION

5.1 ▇▇▇▇▇ ▇▇▇▇▇ will sell an 80% interest in the concession as
well as transfer its full and complete rights to the
Government License for the general survey and exploration of
gold and other metals on the Concession. Furthermore, ▇▇▇▇▇
▇▇▇▇▇'▇ principals and/or affiliates will not complete with
Kalimas.

5.2 Payment For:

(a) ▇▇▇▇▇ ▇▇▇▇▇ agrees to sell 80% of its interest in the
Concession as well as transfer its full and complete
rights to the Government Licenses to such qualified
party as indicated by Kalimas that may be appointed
for the price of USD $1,000,000.

(b) All payments hereunder shall be subject to continual
fulfillment by ▇▇▇▇▇ ▇▇▇▇▇ of its obligations under
this Agreement.

5.3 Payment Conditions:

(a) Kalimas agrees to make a down payment of USD $150,000
after the signing of this Agreement. This payment,
however, is subject to legal verification that the
title to the Concession is acceptable and without
encumbrances and that the government license issued
to ▇▇▇▇▇ ▇▇▇▇▇ is current and

Long Beleh Gold Mining Concession 5

65
valid. Furthermore, payment is to be made after the
survey test results from the initial
investigation/exploration activity is completed and
any other legal verifications which may be required
in respect of title to the Concession and validity of
government licenses.

(b) The final payment of US $850,000 will be immediately
paid to ▇▇▇▇▇ ▇▇▇▇▇ upon the Gold Mine(s) being put
into the production stage and is generating positive
revenues. For this to occur, however, ▇▇▇▇▇ ▇▇▇▇▇
must first secure the complete and proper government
licenses. Specifically, ▇▇▇▇▇ ▇▇▇▇▇ must secure those
additional government licenses which will allow the
Parties to put the Mine(s) into the production stage.
Such government licenses are as follows:

- KP Exploration & Exploitation
- KP Refinery & Production
- KP Transportation & Sale

▇▇▇▇▇ ▇▇▇▇▇ recognizes that once it secures these
licenses for the benefit of the Parties and,
moreover, for the benefit of the Project, ▇▇▇▇▇ ▇▇▇▇▇
will transfer the full and complete rights of these
licenses to Kalimas or to the entity appointed by
Kalimas.

5.4 Profit Sharing/Shareholding

The Parties hereby agree that the Profit Sharing from the net
profit (total revenue minus all expenses including taxes) to
the Project shall be as follows:

Kalimas 80%

▇▇▇▇▇ ▇▇▇▇▇ 20%

The said percentage which is entitled to ▇▇▇▇▇ ▇▇▇▇▇ will be
held offshore for the benefit of ▇▇▇▇▇ ▇▇▇▇▇.

5.5 Reimbursement of Expenses

Kalimas agrees to relinquish to or reimburse ▇▇▇▇▇ ▇▇▇▇▇ for
the funds which ▇▇▇▇▇ ▇▇▇▇▇ expended towards the Seriousness
Bond which is paid to the DGGM for blocking the 4,637-hectare
Concession. These funds amount to a total of Rp. to be
determined. Receipts for these expenses are referenced in
EXHIBIT IV. Terms and Conditions for the reimbursement of
these expenses are to be determined by the Parties.

Long Beleh Gold Mining Concession 6

66
5.6 Exploration Program

(a) Kalimas agrees to begin the Exploration Program on
the Concession by March/April 1997 or sooner, or at a
time mutually agreed between the parties: 14th
February.

(b) Kalimas will dig numerous test pits as part of the
exploration program.

(c) Shallow drilling to the depth of 50-60 meters will be
carried out over the first 90-day period or at a
practical time.

(d) Deep drilling to the depth of 200 meters will also be
carried out over the second 90-day period or at a
practical time.

(e) Kalimas agrees to provide and/or secure 100% finance
the Exploration Program for the development and
implementation of the Long Beleh Gold Mine. In this
regard, Kalimas agrees to spend a minimum of USD
#100,000 in Year 1; USD $100,000 in Year 2; and USD
$100,000 in Year 3. Accounting records for these
expenditures will be kept by Kalimas

6. JURISDICTION

(b) The Parties expressly agree that (e) the arbitration
tribunal shall decide the matter as expeditiously as
possible; however, no time limits shall be imposed,
(ii) Section 631 of the R.V. (Reglement op de
Rechtsvordering) shall apply, and that accordingly
the arbitrators shall only reach their decision by
applying strict rules of law to the facts and shall
not purport to resolve any dispute ex aequo et ▇▇▇▇,
(iii) the arbitration shall be conducted in the
English language, in Jakarta, Indonesia, or such
other place or places in Indonesia as the Parties to
the arbitration may agree, (iv) the Party in whose
favor the arbitral award is rendered shall be
entitled to recover costs and expenses of the
arbitration tribunal including but not limited to the
cost and expense of

Long Beleh Gold Mining Concession 7

67
administration of the arbitration proceedings, and
(v) the arbitral award shall be issued in Indonesia.

(c) The Parties expressly agree to waive Section 641 of
the R.V. and any other applicable laws permitting
appeal to courts of law or any other body so that
accordingly there shall be no appeal to any court of
law or any other body from the decision (or any
interim decision) of the arbitrators and neither
party shall dispute nor question such decision before
any judicial authority in the Republic of Indonesia
or elsewhere.

6.2 This Agreement as to its interpretation and application shall
be governed by the Laws of Indonesia.

6.3 The Parties hereby expressly agree to waive the provision of
Article 1266 of the Indonesian Civil Code with respect to the
need for a court pronouncement to terminate this Agreement.

7. TERM OF VALIDITY

This Agreement shall be in effect as of February 14th, 1997, and shall be valid
until the purposes and objectives of the Project have been fulfilled.

8. OTHER MATTERS

Other matters not stipulated in this Agreement shall be further discussed and
decided later on through mutual discussion between the Parties on the basis of
this Agreement.

Long Beleh Gold Mining Concession 8

68
In Witness Whereof, the Parties agree that this Agreement is legal and binding
and have caused their duly authorized representatives to execute this Agreement
on the year and date first above stated.

SIGNATORIES

PT ▇▇▇▇▇ ▇▇▇▇▇ MAS KALIMAS JAYA LTD.

BY: /S/ BY: /S/
----------------------------- -------------------------
NAME: MR. T. JUSRI DJAMAL NAME: ▇▇▇▇▇▇▇ ▇▇▇▇
TITLE: DIREKTUR UTAMA TITLE: PRESIDENT DIRECTOR

Long Beleh Gold Mining Concession 9
69
DEVELOPMENT AGREEMENT
GOLD MINING PROJECT IN EAST KALIMANTAN

THE TELEN GOLD MINING CONCESSION

This Development Agreement (AGREEMENT) is made and entered into on this 14th day
of February, 1997 by and between:

PT WALEA BAHIMAS, a limited liability company established and validly existing
under Indonesian law, and having its address at Komplek Pertokoan Pulo Mas Blok
VII/15-16, Jakarta Timur - Indonesia (hereinafter referred to as "WALEA
BAHIMAS"), and is represented in this Agreement by its Direktur Utama, Mr. T.
Jusri Djamal; and

Walea Bahimas and Kalimas are hereinafter referred to collectively as "THE
PARTIES."

WITNESSETH

Whereas KALIMAS is actively seeking to acquire gold mining concessions and to
implement gold mining activities in East Kalimantan, Indonesia (hereinafter
referred to as the "PROJECT"); and

Whereas WALEA BAHIMAS currently controls a valid government license, known as
Kuasa Pertambangan Penyelidikan Umum and which is listed in official government
records as Number 379.k/2012/DDJP/1996, for the general survey and exploration
of gold and other metals on a 687-HECTARE Concession, known as the Telen Gold
Mining Concession in East Kalimantan. Walea Bahimas can successfully demonstrate
that it has officially blocked this area of land at the DGGM and that it has
also received a valid license from the DGGM for the general survey and
exploration of gold and other metals on this Concession. Walea Bahimas
recognizes the importance of obtaining other government licenses associated with
the exploitation of gold and other metals, for which licenses also include the
refinery and production of gold and other metals as well as the transportation
and sale of gold and other metals; Walea Bahimas will use its expert abilities
and efforts to obtain these additional licenses from the Government in order to
facilitate the development, implementation, and success of the Project; and

Telen Gold Mining Concession 1

70
Whereas both Parties agree to use their best efforts to complete the sale,
acquisition, and development of the Telen Gold Mining Concession (hereinafter
referred to as the "TRANSACTION"), which includes the rights to the government
license for the general survey and exploration of gold and other metals on the
Concession. The Parties also agree to jointly cooperate to successfully obtain
any and all other government licenses which will be necessary for the success of
the Project; and

Whereas the Telen Gold Mining Concession (hereinafter referred to as the
"CONCESSION") is located in East Kalimantan, Indonesia, and potentially has
substantial deposits of gold and other precious metals. The Concession
encompasses mining authorizations with respect to approximately 687 hectares of
land. A geographical description of the Concession is provided in EXHIBIT I,
which is attached to this Agreement. The Concession is located in a gold
mineralization zone and, more importantly, is ___ km to the east of the famous
Busang Gold Mining Concession which - to date - has approximately 57 million
ounces of gold and is still under further exploration. Through official filings
and monetary payments made to the DGGM (which includes both filing and annual
fees as well as seriousness bonds), Walea Bahimas has secured the rights to the
Concession as well as the government licenses for the general survey and
exploration of gold on the Concession. These documents and, most importantly, a
copy of the KP License obtained by Walea Bahimas are shown in EXHIBIT II, which
is attached to this Agreement.

DESCRIPTION OF THE CONCESSION: 687 HECTARES IN EAST KALIMANTAN

The Concession consists of approximately 6096 hectares of land. An official
government license has been issued in respect of the Concession and permits
Walea Bahimas to perform a general survey and explore for gold and other metals
on the Concession. The License which was issued is delineated as follows:

1 - KUASA PERTAMBANGAN PENYELIDIKAN UMUM
No. 379.K/2012/DDJP/1996
Issued on 28 August 1996 to PT Walea Bahimas Mas
This license is for the general survey and exploration of
gold metals on the 687-hectare concession

This official government license, which provides the rights to perform a general
survey and explore for gold and other metals on the Concession, is provided in
EXHIBIT II which is attached to this Agreement.

For purposes of this Transaction, MR. T. JUSRI DJAMAL, as Direktur Utama of PT
Walea Bahimas Mas, has been granted the complete and/or official authorization,
through a General Shareholder's Meeting (subject to stated provisions in the
Company's Articles of Association), to sell 80% of Walea Bahimas's interest in
the Concession, including the full and complete transfer of the government
rights to explore for gold and other metals on the Concession. These official
authorizations for Mr. Djamal are referenced in EXHIBIT III, which is attached
to this Agreement. Although Walea Bahimas will actively seek to obtain the
additional government licenses for the commercial exploitation of gold and other
metals (including the licenses for the refinery, production, transportation,

Telen Gold Mining Concession 2

71
and sale of gold), Walea Bahimas recognizes that these additional government
licenses will also be transferred to Kalimas or to some third party which is
appointed by Kalimas. To date, Walea Bahimas has secured the government license
for the general survey and exploration of gold and other metals on the
Concession as referenced in Exhibit II. This government license is currently
valid and is in the legal form of a Kuasa Pertambangan (KP). The License is
valid for a period of one (1) year and is renewable before maturity.

ADDITIONAL GOVERNMENT LICENSES & EXPANSION OF PROPERTY

Walea Bahimas will cooperate exclusively with Kalimas and/or Kalimas' appointed
third party to expand the scope of the current license to include additional
hectares of land as well as other additional government licenses which are as
follows:

1 - License (KP) for Exploitation
2 - License (KP) for Refinery and Production
3 - License (KP) for Transportation & Sale

Walea Bahimas will use its expert abilities and efforts for obtaining these
additional hectares for mining development as well as additional government
licenses from the DGGM. The purpose of obtaining all of the necessary licenses
is to make it feasible to effectively and efficiently mine the Concession and to
make it into a world-class profitable operation.

Whereas KALIMAS has the ability to provide and/or secure financing to acquire an
80% interest in the Telen Gold Mining Concession and the related government
licenses from Walea Bahimas as well as the ability to develop the Concession
into a world-class mining operation.

Now therefore, the Parties hereto agree as follows:

1. COOPERATION

In accordance with the Government Approvals which have already been granted to
Walea Bahimas, the Parties agree as follows:

1.1 To submit additional application(s), as necessary, to the
DGGM for the licenses and/or mandates to explore for gold and
other precious metals on the Concession as well as commercial
licenses and/or mandates that are associated with refinery,
production, transportation and sale of gold from the
Concession.

1.2 To complete the sale, acquisition, and development of the
Concession.

1.3 To support, develop, and complete the mining operations

Telen Gold Mining Concession 3

72
2. EXCLUSIVITY

Except as otherwise provided for in this Agreement, the Parties warrant that
they shall cooperate solely and exclusively with each other in connection with
this Gold Mining Project and that none of them shall enter into any agreement
with any other firm or group of firms with respect to any matters related to
this Project without the prior written consent of the other Party and to keep
this information strictly confidential. Further, Walea Bahimas will grant
Kalimas a first right of refusal with respect to any gold mining Concessions
which it may control, influence the sale of, or be able to recommend to Kalimas.

The Parties also warrant that such exclusivity will be respected by those
persons or firms which they may exercise control or with their affiliate in any
manner.

3. SPONSORSHIP

Walea Bahimas shall act as the main sponsor of this Project. In this regard,
Walea Bahimas has already obtained the complete and proper approvals (which are
subject to legal verification) to sell an 80% interest in the Concession, which
includes the full and complete rights to transfer the Government Licenses which
Walea Bahimas has received for the exploration and exploitation of gold and
other precious metals on the Concession. The Licenses which have been granted to
Walea Bahimas as well as all geological and other significant information will
be made available to the Parties on a continual basis. Furthermore, Walea
Bahimas will obtain the other appropriate government licenses associated with
the refinery and production of gold and other metals as well as the licenses for
the transportation and sale of gold and other metals.

4. INITIAL RESPONSIBILITIES

The Parties agree that their responsibilities shall be as follows:

4.1 WALEA BAHIMAS has already secured the proper approvals to
sell an 80% interest in the Telen Concession as well as the
approvals for the full and complete transfer of its rights to
the Concession, which includes the Government Licenses. Upon
the successful completion of the acquisition of the Telen
Concession, Walea Bahimas will continue to assist with the
development of the Project in conjunction with the Parties as
needed. In particular, Walea Bahimas will take all steps
necessary or deemed advisable by Kalimas to secure any and
all additional property as well as other appropriate
government licenses associated with exploration,
exploitation, refinery, production, and transport & sale of
gold and other metals. Walea Bahimas has reviewed preliminary
geological surveys on the Concession and will provide all of
this information as well as all future information to the
Parties on a continual basis.

Telen Gold Mining Concession 4

73
Walea Bahimas will give Kalimas first priority/option for any
future gold mining opportunities for acquisition and/or for
working together in seeking other gold mining projects. In
particular, Walea Bahimas must give first priority to Kalimas
to acquire any additional Concession which are contiguous
with the current Concession. In those instances where these
contiguous Concession and/or other concession region are
owned and/or controlled by friends, families, and/or
directors of other local PT Companies which are associated
with Walea Bahimas, Walea Bahimas must give priority to
Kalimas to acquire such Concession, if available.

4.2 KALIMAS will be responsible to provide and/or secure
financing for the Project, provide world-class technologies
and management/exploration teams and, if necessary, a
strategic operator(s) to develop the Concession. Kalimas will
jointly assist the Project with Walea Bahimas.

4.3 KALIMAS shall appoint a qualified Indonesian party to accept
the transfer of the licenses issued by the Department of
Mines of the Republic of Indonesia and may at any time at its
discretion cause or permit such party to transfer such
Concession and licenses to any third party based on
prevailing regulations and subject to Walea Bahimas's
continuing rights under the Agreement being respected by such
transferee.

5. TERMS & CONDITIONS FOR SALE & ACQUISITION

5.1 Walea Bahimas will sell an 80% interest in the Concession as
well as transfer its full and complete rights to the
Government License for the general survey and exploration of
gold and other metals on the Concession. Furthermore, Walea
Bahimas's principals and/or affiliates will not compete with
Kalimas.

5.2 Payment For:

(a) Walea Bahimas agrees to sell 80% of its interest in
the Concession as well as its full and complete
rights to the Government Licenses to such qualified
party as indicated by Kalimas that may be appointed
for the price of USD $1,000,000.

(b) All payments hereunder shall be subject to continual
fulfillment by Walea Bahimas of its obligations under
this Agreement.

5.3 Payment Conditions:

Telen Gold Mining Concession 5

74
Furthermore, payment is to be made after the survey
test results from the initial
investigation/exploration activity is completed and
any other legal verifications which may be required
in respect of title to the Concession and validity of
government licenses.

(b) The final payment of USD $850,000 will be immediately
paid to Walea Bahimas upon the Gold Mine(s) being put
into the production stage and is generating positive
revenues. For this to occur, however, Walea Bahimas
must first secure the complete and proper government
licenses. Specifically, Walea Bahimas must secure
those additional government licenses which will allow
the Parties to put the Mine(s) into the production
stage. Such government licenses are as follows:

- KP Exploration & Exploitation
- KP Refinery & Production
- KP Transportation & Sale

Walea Bahimas recognizes that once it secures these
licenses for the benefit of the Parties and,
moreover, for the benefit of the Project, Walea
Bahimas will transfer the full and complete rights of
these licenses to Kalimas or to the entity appointed
by Kalimas.

5.4 Profit Sharing/Shareholding

The Parties hereby agree that the Profit Sharing from the net
profit (total revenue minus all expenses including taxes) to
the Project shall be as follows:

Kalimas 80%

Walea Bahimas 20%

The said percentage which is entitled to Walea Bahimas will
be held offshore for the benefit of Walea Bahimas.

5.5 Reimbursement of Expenses

Kalimas agrees to relinquish to or reimburse Walea Bahimas
for the funds which Walea Bahimas expended towards the
Seriousness Bond which it paid to the DGGM for blocking the
687-hectare Concession. These funds amount to a total of Rp.
to be determined. Receipts for these expenses are referenced
in EXHIBIT IV. Terms and Conditions for the reimbursement of
these expenses are to be determined by the Parties.

Telen Gold Mining Concession 6

75
5.6 Exploration Program

(a) Kalimas agrees to begin the Exploration Program on
the Concession by March/April 1997 or sooner, or at a
time agreed upon by the
Parties:___________________________.

(b) Kalimas will dig numerous test pits as part of the
exploration program.

(c) Shallow drilling to the depth of 50-60 meters will be
carried out over the first 90-day period or at a
practical time.

(d) Deep drilling to the depth of 200 meters will also be
carried out over the second 90-day period or at a
practical time.

(e) Kalimas agrees to provide and/or secure 100% finance
the Exploration Program for the development and
implementation of the Telen Gold Mine. In this
regard, Kalimas agrees to spend a minimum of USD
$100,000 in Year 1; USD $100,000 in Year 2; and USD
$100,000 in Year 3. Accounting records for these
expenditures will be kept by Kalimas.

6. JURISDICTION

Telen Gold Mining Concession 7

76
(c) The Parties expressly agree to waive Section 641 of
the R.V. and any other applicable laws permitting
appeal to courts of law or any other body so that
accordingly there shall be no appeal to any court of
law or any other body from the decision (or any
interim decision) of the arbitrators and neither
party shall dispute nor question such decision before
any judicial authority in the Republic of Indonesia
or elsewhere.

6.2 This Agreement as to its interpretation and application shall
be governed by the Laws of Indonesia.

6.3 The Parties hereby expressly agree to waive the provision of
Article 1266 of the Indonesian Civil Code with respect to the
need for a court pronouncement to terminate this Agreement.

7. TERM OF VALIDITY

This Agreement shall be in effect as of February 14, 1997, and shall be valid
until the purposes and objectives of the Project have been fulfilled.

8. OTHER MATTERS

Other matters not stipulated in this Agreement shall be further discussed and
decided later on through mutual discussion between the Parties on the basis of
this Agreement.

Telen Gold Mining Concession 8

77
In Witness Whereof, the Parties agree that this Agreement is legal and binding
and have caused their duly authorized representatives to execute this Agreement
on the year and date first above stated.

SIGNATORIES

PT WALEA BAHIMAS MAS KALIMAS JAYA LTD.

BY: /S/ BY: /S/
-------------------------- ----------------------------
NAME: NAME: ▇▇▇▇▇▇▇ ▇▇▇▇
TITLE: DIREKTUR UTAMA TITLE: PRESIDENT DIRECTOR

Telen Gold Mining Concession 9

78
LIST OF EXHIBITS

--------------------------------------------------------------------------------

EXHIBIT I: GEOGRAPHICAL DESCRIPTION OF PROPERTY

EXHIBIT II: GOVERNMENT FILINGS AND LICENSE

EXHIBIT III: GENERAL SHAREHOLDERS' MEETING

EXHIBIT IV: REIMBURSEMENT EXPENSES

Telen Gold Mining Concession 10

79
DEVELOPMENT AGREEMENT
GOLD MINING PROJECT IN EAST KALIMANTAN

THE RIAU GOLD MINING CONCESSION

This Development Agreement (AGREEMENT) is made and entered into on this 14th day
of February, 1977 by and between:

PT AKSARA ▇▇▇▇ ▇▇▇▇▇ AND PT WALEA BAHAI MAS, a limited liability company
established and validly existing under Indonesian law, and having its address at
__________________________________-Indonesia (hereinafter referred to as "PT
COMPANY"), and is represented in this Agreement by its Direktur Utama,
___________; and

KALIMAS JAYA LTD, a Bahamas Corporation having its registered offices in the
Bahamas and its representative offices in Singapore (hereinafter referred to as
"KALIMAS"), and is represented in this Agreement by its President Director, Mr.
▇▇▇▇▇▇▇ ▇▇▇▇.

PT COMPANY and Kalimas are hereinafter referred to collectively as "THE
PARTIES."

WITNESSETH

Whereas KALIMAS is actively seeking to acquire gold mining concessions and to
implement gold mining activities in East Kalimantan, Indonesia (hereinafter
referred to as the "PROJECT"); and

Whereas PT COMPANY currently controls a valid government license, known as Kuasa
Pertambangan Penyelidikan Umum and which is listed in official government record
as Number __________, for the general survey and exploration of gold and other
metals on a _________-HECTARE Concession, known as the Riau Gold Mining
Concession in East Kalimantan. PT Company can successfully demonstrate that it
has officially blocked this area of land at the DGGM and that it has also
received a valid license from the DGGM for the general survey and exploration of
gold and other metals on this Concession. PT Company recognizes the importance
of obtaining other government licenses associated with the exploitation of gold
and other metals, for which licenses also include the refinery and production of
gold and other metals as well as the transportation and sale of gold and other
metals; PT Company will use its expert abilities and efforts to obtain these
additional licenses from the government in order to facilitate the development,
implementation, and success of the Project; and

Riau Gold Mining Concession 1
80
Whereas both Parties agree to use their best efforts to complete the sale,
acquisition, and development of the Riau Gold Mining Concession of two
concessions: Kuantan area 4x2000 Ha. and Sengiangi 3000/Ha. (hereinafter
referred to as the "TRANSACTION"), which includes the rights to the government
license for the general survey and exploration of gold and other metals on the
Concession. The Parties also agree to jointly cooperate to successfully obtain
any and all other government licenses which will be necessary for the success of
the Project; and

whereas the Riau Gold Mining Concession (hereinafter referred to as the
"CONCESSION") is located in Sumatera, Indonesia, and, potentially, has
substantial deposits of gold and other precious metals. The Concession
encompasses mining authorizations with respect to approximately _____ hectares
of land. A geographical description of the Concession is provided in EXHIBIT I,
which is attached to this Agreement. The Concession is located in a gold
mineralization zone and, more importantly, is ____ km to the ___ of the famous
____________ Gold Mining Concession which - to date - has approximately ______
million ounces of gold and is still under further exploration. Through official
filings and monetary payments made to the DGGM (which includes both filing and
annual fees as well as seriousness bonds), PT Company has secured the rights to
the Concession as well as the government licenses for the general survey and
exploration of gold on the Concession. These documents and,most importantly, a
copy of the KP License obtained by PT Company are shown and, most importantly, a
copy of the KP License obtained by PT Company are shown win EXHIBIT II, which is
attached to this agreement.

DESCRIPTION OF THE CONCESSION ***** HECTARES IN RIAU SUMATERA

The Concession consists of approximately _____ hectares of land. An official
government license has been issued in respect of the Concession and permits PT
Company to perform a general survey and explore for gold and other metals on the
Concession. The License which was issued is delineated as follows:

1- KUASA PERTAMBANGAN EKSPLORASI/EKSPLOTIESI
No. ____________________________
Issued on _________ to PT ______________
This license is for the general survey and exploration of gold
metals on the ____-hectare concession

This official government license, which provides the rights to perform a general
survey

(However, the area could be expanded
up to 5000 Ha.)

Riau Gold Mining Concession 2
81
transportation, and sale of gold), PT Company recognizes that these additional
government licenses will also be transferred to Kalimas or to some third party
which is appointed by Kalimas. To date, PT Company has secured the government
license for the general survey and exploration of gold and other metals on the
concession as referenced in Exhibit II. This government license is currently
valid and is in the legal form of a Kuasa Pertambangan (KP). The License is
valid for a period of one (1) year and is renewable before maturity.

ADDITIONAL GOVERNMENT LICENSES & EXPANSION OF PROPERTY

PT Company will cooperate exclusively with Kalimas and/or Kalimas' appointed
third party to expand the scope of the current license to include additional
hectares of land as well as other additional government licenses, which are as
follows:

1- License (KP) for Exploitation
2- License (KP) for Refinery and Production
3- License (KP) for Transportation & Sale

PT Company will use its expert abilities and efforts for obtaining these
additional hectares for mining development as well as additional government
licenses from the DGGM. The purpose of obtaining all of the necessary licenses
is to make it feasible to effectively and efficiently mine the Concession and to
make it into a world-class profitable operation.

Whereas KALIMAS has the ability to provide and/or secure financing to acquire
______ interest in the Riau Gold Mining Concession and the related government
licenses from PT Company as well as the ability to develop the Concession into a
world-class mining operation.

Now therefore, the Parties hereto agree as follows:

1 COOPERATION

In accordance with the Government Approvals which have already been granted to
PT Company, the Parties agree as follows:

1.1 To submit additional application(s), as necessary, to the
DGGM for the licenses and/or mandates to explore for gold and
other precious metals on the Concession as well as commercial
licenses and/or mandates that are associated with refinery,
production, transportation and sale of gold from the
Concession.

1.2 To complete the sale, acquisition, and development of
Concession

1.3 To support, develop, and complete the mining operations

Riau Gold Mining Concession 3
82
2 EXCLUSIVITY

Except as otherwise provided for in this Agreement, the Parties warrant that
they shall cooperate solely and exclusively with each other in connection with
this Gold Mining Project and that none of them shall enter into any agreement
with any other firm or group of firms with respect to any matters related to
this Project without the prior written consent of the other Party and to keep
this information strictly confidential. Further, PT Company will grant Kalimas a
first right of refusal with respect to any gold mining Concessions which it may
control, influence the sale of, or be able to recommend to Kalimas.

The Parties also warrant that such exclusivity will be respected by those
persons or firms which they may exercise control or with their affiliate in any
manner.

3 SPONSORSHIP

PT Company shall act as the main sponsor of this Project. In this regard, PT
Company has already obtained the complete and proper approvals (which are
subject to legal verification) to sell an ___ interest in the Concession, which
includes the full and complete rights to transfer the Government Licenses which
PT Company has received for the exploration and exploitation of gold and other
precious metals on the Concession. The Licenses which have been granted to PT
Company as well as all geological and other significant information will be made
available to the Parties on a continual basis. Furthermore, PT Company will
obtain the other appropriate government licenses associated with the refinery
and production of gold and other metals as well as the licenses for the
transportation and sale of gold and other metals.

4. INITIAL RESPONSIBILITIES

The Parties agree that their responsibilities shall be as follows:

4.1 PT COMPANY has already secured the proper approvals to sell an
interest in the Riau Concession (1) Sengingi $ to be
negotiated 20%, (2) Kuantan $250k 20%, as well as
approvals for the full and complete transfer of its rights to
the Concession which includes the Government Licenses. Upon
the successful completion of the acquisition of the Riau
Concession, PT Company will continue to assist with the
development of the Project in conjunction with the Parties as
needed. In particular, PT Company will take all steps
necessary or deemed advisable by Kalimas to secure any and all
additional property as well as other appropriate government
licenses associated with exploration, exploitation, refinery,
production, and transport & sale of gold and other metals. PT
Company has reviewed preliminary geological surveys on the
Concession and will provide all of this information as well as
all future information to the Parties on a continual basis.

Riau Gold Mining Concession 4
83
PT Company will give Kalimas first priority option for any
future gold mining opportunities for acquisition and/or for
working together in seeking other gold mining projects. In
particular, PT Company must give first priority to Kalimas to
acquire any additional Concession which are contiguous with
the current Concession. In those instances where these
contiguous Concession and/or other Concession region are
owned and/or controlled by friends, families, and/or
directors of other local PT Companies which are associated
with PT Company, PT Company must give priority to Kalimas to
acquire such Concession, if available.

4.2 KALIMAS will be responsible to provide and/or secure
financing for the Project, provide world-class technologies
and management exploration teams and, if necessary, a
strategic operator(s) to develop the Concession. Kalimas will
jointly assist the Project with PT Company.

4.3 Kalimas shall appoint a qualified Indonesian party to accept
the transfer of the licenses issued by the Department of
Mines of the Republic of Indonesia and may at any time at its
discretion cause or permit such party to transfer such
Concession and licenses to any third party based on
prevailing regulations and subject to PT Company's continuing
rights under the Agreement being respected by such
transferee.

6. TERMS & CONDITIONS FOR SALE & ACQUISITION

5.1 PT Company will sell an 80% interest in the Concession as
well as transfer its full and complete rights to the
Government License for the general survey and exploration of
gold and other metals on the Concession. Furthermore, PT
Company's principals and/or affiliates will not compete with
Kalimas.

5.2 Payment For:

(a) PT Company agrees to sell 80% of its interest in the
Concession as well as its full and complete rights to
the Government Licenses to such qualified party as
indicated by Kalimas that may be appointed for the
price of USD $ To Be Negotiated

5.3 Payment Conditions:

(a) Kalimas agrees to make a down payment of USD $ (a)
Sengingi $ TO BE NEGOTIATED (b) Kuantang $250,000
after the signing of this Agreement. This payment,
however, is subject to legal verification that the
title to the Concession is acceptable and without
encumbrances and that the government license issued
to PT Company is current and valid. Furthermore,

Riau Gold Mining Concession 5
84
payment is to be made after the survey test results
from the initial investigation exploration activity
is completed and any other legal verifications which
may be required in respect of title to the Concession
and validity of government licenses.

(b) The final payment of USD $ TO BE NEGOTIATED will be
immediately paid to PT Company upon the Gold Mine(s)
being put into the production stage and is generating
positive revenues. For this to occur, however, PT
Company must first secure the complete and proper
government licenses. Specifically, PT Company must
secure those additional government licenses which
will allow the Parties to put the Mine(s) into the
production stage. Such government licenses are as
follows:

- KP Exploration & Exploitation
- KP Refinery & Production
- KP Transportation & Sale

PT Company recognizes that once it secures these
licenses for the benefit of the Parties and,
moreover, for the benefit of the Project, PT Company
will transfer the full and complete rights of these
licenses to Kalimas or to the entity appointed by
Kalimas.

5.4 Profit Sharing

The Parties hereby agree that the Profit Sharing from the net
profit (total revenue minus all expenses including taxes) to
the Project shall be as follows:

Kalimas 80%

PT Company 20%

* The said percentage which is entitled to PT Company will be
held offshore for the benefit of PT Company.

5.5 Reimbursement of Expenses

Kalimas agrees to relinquish to or reimburse PT Company for
the funds which PT Company expended towards the Seriousness
Bond which is paid to the DGGM for blocking the 68-hectare
Concession. These funds amount to a total of Rp. TO BE
DETERMINED Receipts for these expenses are referenced in
EXHIBIT IV. Terms and Conditions for the reimbursement of
these expenses are to be determined by the Parties.

Riau Gold Mining Concession 6
85
5.6 Exploration Program

(a) Kalimas agrees to begin the Exploration Program on
the Concession by March April 1997 or sooner, or at a
time agreed upon by the
Parties:_______________________.

(b) Kalimas will dig numerous test pits as part of the
exploration program.

(c) Shallow drilling to the depth of 50-60 meters will be
carried out over the first 90-day period or at a
practical time.

(d) Deep drilling to the depth of 200 meters will also be
carried out over the second 90-day period or at a
practical time.

(e) Kalimas agrees to provide and/or secure 100% finance
the Exploration Program for the development and
implementation of the Riau Gold Mine. In this regard,
Kalimas agrees to spend a minimum of USD $100,000 in
Year 1; USD $100,000 in Year 2; and USD $100,000 in
Year 3. Accounting records for these expenditures
will be kept by Kalimas.

6. JURISDICTION

(b) The Parties expressly agree that Ii) the arbitration
tribunal shall decide the matter as expeditiously as
possible, however, no time limits shall be imposed,
(ii) Section 631 of the R.V. (Reglement op de
Rechtsvordering) shall apply, and that accordingly
the arbitrators shall only reach their decision by
applying strict rules of law to the facts and shall
not purport to resolve any dispute ex aequo et ▇▇▇▇,
(iii) the arbitration shall be conducted in the
English language, in Jakarta, Indonesia, or such
other place or places in Indonesia as the Parties to
the arbitration may agree, (iv) the Party in whose
favor the arbitral award is rendered shall be
entitled to recover costs and expenses of the
arbitration tribunal including but not limited to the
cost and expense of administration of the arbitration
proceedings, and (v) the arbitral award shall be
issued in Indonesia.

Riau Gold Mining Concession 7
86
(c) The Parties expressly agree to waive Section 641 of
the R.V. and any other applicable laws permitting
appeal to courts of law or any other body so that
accordingly there shall be no appeal to any court of
law or any other body from the decision (or any
interim decision) of the arbitrators and neither
party shall dispute nor question such decision before
any judicial authority in the Republic of Indonesia
or elsewhere.

6.2 This Agreement as to its interpretation and application shall
be governed by the Laws of Indonesia.

6.4 The Parties hereby expressly agree to waive the provision of
Article 1266 of the Indonesian Civil Code with respect to the
need for a court pronouncement to terminate this Agreement.

7 TERMS OF VALIDITY

This Agreement shall be in effect as of February 14th, 1997, and shall be valid
until the purposes and objectives of the Project have been fulfilled.

8 OTHER MATTERS

Other matters not stipulated in this Agreement shall be further discussed and
decided later on through mutual discussion between the Parties on the basis of
the Agreement.

Riau Gold Mining Concession 8
87
In Witness Whereof, the Parties agree that this Agreement is legal and binding
and have caused their duly authorized representatives to execute this Agreement
on the year and date first above stated.

SIGNATORIES

PT KALIMAS JAYA LTD
--------------------

BY: /S/ BY: /S/
------------ ------------
NAME: NAME: ▇▇▇▇▇▇▇ ▇▇▇▇
TITLE: DIREKTUR UTAMA TITLE: PRESIDENT DIRECTOR

The final agreements will be presented to Mr. Usri on the week of 17th February
'97 in Jakarta for final signature.

/s/

Riau Gold Mining Concession 9
88
LIST OF EXHIBITS

--------------------------------------------------------------------------------

EXHIBIT I: GEOGRAPHICAL DESCRIPTION OF PROPERTY

EXHIBIT II: GOVERNMENT FILINGS AND LICENSE

EXHIBIT III: GENERAL SHAREHOLDERS' MEETING

EXHIBIT IV: REIMBURSEMENT EXPENSES

Riau Gold Mining Concession 10

KALIMAS JAYA LTD.

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