Brookmount Corporation (BMXI) owns its Indonesian assets through its wholly owned BVI subsidiary SL Holdings Ltd. The Company has invested approximately $2mm in acquiring and developing its operations to date.
Our operating partner in the Talawaan facility manages operations on a day to day basis, whilst production at the Second Site is managed by our joint venture partner. Both Talawaan and the Second Site investments are covered by 20 year operating agreements supported by relevant local approvals.
Additionally ownership of operating land at the second site has been acquired by BMXI's local operating subsidiary. In keeping with its status as a “local investor” the Company maintains close working relationships with local authorities and agencies.