Intrepid Mines survives board spill TROUBLED resources company Intrepid Mines has survived an attempted coup by a Hong Kong private equity group. Shareholders backed their board despite it leading the company when it was kicked off its own $5 billion copper-gold mine in Indonesia last July and stripped of its 80 per cent interest by its joint venture partner. Intrepid's interest is now controlled by Indonesian tycoon Edwin Soeryadjaya. The attempted board coup was led by shareholder and hedge fund Quantum Pacific Capital, with which Mr Soeryadjaya has said he would be willing to negotiate a settlement. Intrepid's board is taking legal action including pushing for criminal charges against its former Indonesian partners, which operated through a company: PT IMN. Intrepid shares closed 1.5 cents, or 6.5 per cent, down at 21.5 cents having plunged in market value by $900 million or 80 per cent in under 18 months.