Trading Bougainville Copper (ADRs) 867948

..........., in after hours trade, besting its Dec 7 highs by $2.30. Silver traded to a new ~30 yr high at $33.82.

http://www.godmode-trader.de/nachricht/...ohstoff-Rally,a2477434.html

Dienstag 01.03.2011, 10:12 Uhr Canberra (BoerseGo.de) - Die Nachfrage aus China und Indien wird für eine Fortsetzung der Rally bei den Rohstoffpreisen in den kommenden zwei Jahren sorgen. "Auf mittlere Sicht werden wir sicherlich Preisrückgänge erleben, da das Angebot sowohl bei einigen Rohstoffen wegen der Preise deutlich steigen wird", erwartet USDA Analyst Shayle Shagham auf einer Konferenz in Australien, auf der auch der Rohstoff-Ausblick von Australien selbst vorgestellt wurde. "In den nächstenzwei Jahren werden wir recht hohe Preise bei Getreide und Rohstoffen überhaupt erleben, " sagte Shagham. Diese Preisentwicklung werde Unternehmen ermutigen, die Produktion zu erhöhen. Während etliche Analysten weniger optimistisch für die Rohstoffe sind, erwartet das Australian Bureau of Agricultural and Resources Economics and Sciences (ABARES) vom Rohstoffsektor weiteren Schub. Der Ausblick bleibt gut, die Haupttreiber werden Indien und China sein. So werde der Export von Eisenerz im laufenden Jahr um fünf Prozent steigen auf 425 Millionen Tonnen und im Jahr 2016 bei 600 Millionen Tonnen liegen.

(da wollen wir dem Guttenberg doch mal zeigen wie´s geht ;D))))))))))))) :

Quelle : http://www.pngblogs.com/  



Wednesday, March 2, 2011
Countdown begins for Panguna mine reopening - Bougainvilleans key to mine’s success

Plans are under way for the opening of one of the world’s biggest copper and gold mines, with resources worth about $US50 billion, as the China-driven commodities boom keeps rolling on. So far, so predictable, if awesome. But few people expected ever to hear of this vast pit ever again—except those canny investors................  

.........“The key to the door,” he says, “is the landowners. Until they say to BCL, as a united group, we want the mine and we want you to run it. Then, I’ll focus on the process that would follow.
“But we must ensure the landowners retain the number one importance. And the Bougainville government’s support is also critical.” So far, in this direction, so good. Taylor says: “All the signs are that the leaders on Bougainville want the mine open—and as soon as possible, rather than just ‘some day.

Diese Woche soll ein MoU "We want BCL reopen the Panguna mine" zwischen Landowners,ABG,MRA u. Vertretern des National Governement unterzeichnet werden.

Dann kann es losgehen mit der BCA Review ;-))))))))

http://crugroup.com/Events/WorldCopper/Pages/Copper2011.aspx

Das wäre schon ein sehr großer Schritt. In wie weit ist deine Quelle sicher? Zumal keine Nachrichten in der lokalen Presse darüber zu lesen waren?  

Der Termin ende dieser Woche wurde schon beim Landownersmeeting mit MRA,Semoso & co provisorisch festgehalten.

Inwieweit du L als sichere Quelle betrachtest musst du schon selbst entscheiden.

Silver 34,89 USD/oz

- Wednesday, March 2, 2011
Countdown begins for Panguna mine reopening - Bougainvilleans key to mine’s success -

Das Datum täuscht, das Ding ist schon gut 2 Wochen älter. Ich glaube 14. oder 15. Februar.  

....heute erschienen in :Papua New Guinea Blogs

A weekly news blog reflecting issues, opinions and challenges facing Papua New Guinea.


dann ganz unten am Ende des Artikels der Hinweis :  This article was first published at Island Business Rowan Callick is the Asia Pacific Editor of The Australian Newspaper. .....immerhin, leider ohne Erscheinungsdatum.

Ich hatte den Artikel bei der Erstveröffentlichung auch nicht gelesen, wurde allerdings schon ziemlich schnell  im Nachbarboard auf diesen Zusammenhang hingewiesen. ;D(

Danke. ;D)  

http://bougainville.typepad.com/newdawn/2011/03/...-opening-of-s.html

020311BISHOP ON MINE
By Aloysius Laukai

The Bishop of Bougainville, Bishop Bernard Unabali does not support the opening of so many mines on Bougainville.

He says that the island of Bougainville is very small and its environment can be destroyed if mining is allowed all over Bougainville.

The Bishop says that he will only support the opening of the Panguna mine if environmental issues along the tailings are properly addressed.

Bishop Bernard told reporters in Buka that he was concerned as the island could lose its forest, flora and fauna and the river systems if several mines were opened on Bougainville.

Meanwhile on the Chinese investments on Bougainville, Bishop Bernard also wants the ABG to set up a good policy that can attract investments on Bougainville.

He said that whilst the President may be dealing with credible organizations and companies now, other companies that would come in later may not be so good therefore a good policy can control these activities.

The Bishop of Bougainville said that to save guard Bougainville a good controlling mechanism must be established.

http://www.godmode-trader.de/nachricht/,a2479750.html

Donnerstag 03.03.2011, 09:00 Uhr London (BoerseGo.de) - Im frühen Handel hat der drei-Monats-Kontrakt an Boden verloren. Einmal weil auch andere Rohstoffe wegen der Nachrichten aus Libyen leichter waren, zum anderen, weil Marktteilnehmer aus technischen Gründen erst einmal eine Konolidierungsphase bei Kupfer erwarten. So wurde in London 9.843,75 US-Dollar je Tonne bezahlt, ein Minus von 0,5 Prozentpunkten. Dabei reichte die Trading-Range von 9.780 bis 9.942 US-Dollar je Tonne. In Shanghai gab der meist gehandelte Kupfer-Kontrakt um 560 Yuan nach auch 74.140 Yuan. Die Unruhen im Nahen Osten werden sich bei Kupfer nur kurzfristig auswirken, sagte Guo Yong von Jinrui Futures gegenüber Reuters. Die Fundamentals bleiben bei Kupfer völlig intakt: Die USA und Europa erholen sich und der chinesische Verbrauch bleibt ebenfalls auf hohem Niveau, ergänzte er.

........that he cared about the future of Bougainville and planned to travel there soon.
“The Panguna mine is clearly a sensitive issue within Bougainville,” he said, adding that he had met Rio Tinto executives.
“They made it clear that they have no intention of going back to or reopening the mine without the permission of the landowners, and without the permission of both the Autonomous Bougainville Government and the PNG government,” Marles said.
“This is a matter for the governments of PNG, of Bougainville and the landowners.
“That’s where we are going to take the lead in terms of the future of the mine.”

http://www.bougainville-copper.eu/news-march-2011.html

... hier im Board wie auch beim BCL-Handel heute die Ruhe vor dem Sturm, den Nekro angekündigt hat:

- Diese Woche soll ein MoU "We want BCL reopen the Panguna mine" zwischen  Landowners,ABG,MRA u. Vertretern des National Governement unterzeichnet  werden. Dann kann es losgehen mit der BCA Review -

oder gibt's erstmal eine längere Flaute mit bröckelnden Kursen wegen fehlender Fortschritte? Das ist die Frage, die wohl am Montag beantwortet sein wird.

 

Ich denke, am Montag wird gar keine Frage beantwortet.......... Wir werden weiter zwischen himmelhoch jauchzend und zu Tode betrübt von Woche zu Woche dümpeln..........  

Also ... ich fühle mich eigentlich nicht als Klärchen und habe auch zukünftig nicht vor, wegen BCL auf manisch-depressiv zu machen . Aber das Dümpeln von Woche zu Woche, und das vielleicht noch monate- oder jahrelang ist einfach unbefriedigend.

Vielleicht hast du ja schon die Information, dass die Unterzeichnung dieses besagten MoU geplatzt ist. Würde mich nicht wundern. Wenn man Nekros Infos aber glauben kann, dann müsste wohl doch in den nächsten Tagen eine "Vorentscheidung" fallen. Und es hieß doch bislang immer, der Beginn der BCA Review, das nach Nekros Worten nun vor der Tür steht, wäre der Treibsatz für irgendeinen "Big Bang", oder habe ich das falsch verstanden?

Wenn nicht, dann wars wohl leider mal wieder Fehlalarm mit negativen Folgen für den Kurs. Und auf ganz viele von denen habe ich eigentlich keine große Lust mehr. Das scheint vielen so zu gehen, denn sonst gäbs doch wenigstens ein paar Käufer, die mal was aus dem Ask kaufen würden.

 

bin überhaupt nicht depressiv. Und der Grund für den stagnierenden Kurs ist doch schlicht und ergreifend, dass ein Großteil der Investierten schon mit dem Maximum dabei sind. Wieso sollten diese noch weitere Stücke kaufen? Was viele Leute hier nicht sehen, ist die Tatsache, dass es von heute auf Morgen einen Knall gibt und das war es das mit den günstigen Einstiegskursen. Meiner Meinung nach wird sich der Aktienkurs sprunghaft entwickeln. Das heißt: Bekanntgabe BCA-Review: Kurs X Euro, Ergebnis des Reviews: neuer Sprung auf Kurs Y, Bekanntgabe des Zustands der Mine und Dauer der Wiedereröffnung: Kurs Z, Untersuchung der anderen Lizenzen, Förderung, etc.... Kurs XX Euro.
Ein stetiges Wachstum ist bei diesem Kurs bis zu einer bestimmten Marke für mich ausgeschlossen. Und zur Zeit fehlen eben die richtigen Nachrichten, die den nächsten Kurssprung rechtfertigen.

BCL.reloaded  

- Und der Grund für den stagnierenden Kurs ist doch schlicht und  ergreifend, dass ein Großteil der Investierten schon mit dem Maximum  dabei sind. -

Das ist ja das, was ich meine: Es gibt außer denen, die hier schreiben (zähle mich dazu) kaum einen "Neuinvestor", auch oder gerade in AU nicht, der Interesse hat in nennenswerter Größenordnung einzusteigen. Warum eigentlich nicht?

- Und zur Zeit fehlen eben die richtigen Nachrichten -

Und genau diese "richtigen Nachrichten" sollen ja lt. Nekro nun in den nächsten Tagen "im Anmarsch" sein. Und wenn nicht, haben wohl diejenigen recht gehabt, die sich jetzt beim Kauf zurückhalten und auf Kurse unter 1 € spekulieren, oder?

 

 

 

 

 

Wenn du ESBC Mitglied bist solltest du eine Kopie der Antwortmail von L. bekommen haben, dass die Unterzeichnung des MoU für "later this week" geplant ist.

Die Kopie des Memorandums wurde auf der ESBC HP veröffentlicht, was darin noch fehlt sind einige Unterschriften (vom Nat. Gov. da diese bei dem Meeting nicht anwesend waren)

Nach den letzten News soll Momis Anfang März Peter Taylor in Au treffen und hatte zwischenzeitlich ein Meeting mit Australia's parliamentary secretary for Pacific Island Affairs, Richard Marles welcher angibt "that he had met Rio Tinto executives." und "that he cared about the future of Bougainville and planned to travel there soon"

Besonders hervorzuheben der letzte Satz nach dem Rio Statement (#7888):

"That’s where we are going to take the lead in terms of the future of the mine.”

Darum werden wir (die Aussis) die Führung in Bezug auf die Zukunft der Mine übernehmen.

Das sieht mir ganz danach aus als ob Momis sich AU Hilfe zur BCA Review gesichert hat um die B´viller Interessen besser gegen PNG durchsetzen zu können.Was spricht da gegen ein Momis,Marles,Taylor, Treffen  bei RIO mit deren executives?

Im "Land of the Unexpected" wird der BIGBOCBANG wohl erst dann urplötzlich starten wenn (fast)niemand mehr damit rechnet. ;-)))))))))))))

Hi Nekro

"... wird der BIGBOCBANG wohl erst dann urplötzlich starten wenn (fast)niemand mehr damit rechnet."

Für mich wäre es schön, wenn ich das noch mit offenen Augen erleben dürfte.

 

"Wenn (fast) niemand mehr damit rechnet" hört sich aber eher wie St.Nimmerleins-Tag an ...

 

 

 

 

... hier regt sich ja schon massives Kaufinteresse bei 1,58

 

 

 

..........dass alle bis jetzt veröffentlichten Statements der verschiedenen Parteien lediglich Blabla sind für diejenigen, welche BOC nicht aus nächster Nähe verfolgen.

Das wird sich auch erst mit dem offiziellen Beginn der BCA Review ändern, dann kommen neue Käuferschichten von ganz alleine.

Da Fidelis Semoso mit dem Abschluss der Review  bis Nov. rechnet kann der Beginn also nicht mehr so ganz weit entfernt sein.

...Neuigkeiten aus Bougainville!

auf www.bougainville-copper.eu

Das macht es bestimmt viel leichter.

So langsam glaube ich auch an Böckleins St.Nimmerleinstag und Kurse weit unter
Eur 1,-
Wer will diesen Sack Flöhe denn unter einen Hut bringen ?????  

Dear Paul,

I come to you, having been a leader of this nation for over 15 years, to offer you a gift on the eve of your retirement. You have lived among us for many years. Perhaps the mine you created will not long outlast your retirement.

The gift I offer you is on behalf of the Melanesian people, and particularly on behalf of the people of Bougainville. You will come to see that what I am proposing is indeed in the hearts of all the people of Bougainville.

What I offer you is the gift of understanding, of knowing in your heart the people of this island. I offer you the opportunity to crown your long career with the achievement of gaining the friendship of the people, who currently regard BCL with great resentment. I offer you an initiative which will break the deadlock which has long frustrated us all, a way out of the statement which leaves us feeling exploited, and leaves you frustrated at being denied permission to explore, fearful lest our resentment again boils over, as it has in past years.

What I propose in fact offers a win for everyone and loss for no-one.

Consider the problems inherent in the present situation. Some of what I say, you may not want to hear. Yet in your heart, you know it is true. To reject the painful truth is a mistake. The fundamental truth is that BCL has colonized our people, it has taken their land, it has reduced them to passive dependence. Our people -- who to you are just Bougainvilleans, or even more anonymously 'nationals' - are now servants in a land where once they were masters. They keenly feel it, and deeply resent it. In your heart you know this to be true, even if it is your company's policy to keep a low profile, to keep such distance from the people that no-one says it to your face. So few of your staff are nationals, except for the unskilled and semi skilled who do the dirty shiftwork, breathing the dust you make when you make a hole out of a mountain. After fifteen years of mining, only a handful of nationals have a rank higher than foremen, and that number is not growing but shrinking.

I do not come to you to cause you pain. As you will see, I have come to offer a fresh initiative, based deeply in our Melanesian culture, which can do much to resolve the impasse which frustrates us all. Yet the starting point must be an honest acknowledgement of the truth, even if it is painful.

No solution can undo what has been done. Some things are irrevocable. The BCL mine has forever changed the perceptions, the hopes and fears of the people of Bougainville. You are invaders. You have invaded the soil and the places of our ancestors, but above all, your mine has invaded our minds. It is like those great alien spaceships, the flying saucers, which so haunt the fearful imagination of Western movie audiences. The spaceship, with its unknown and vastly powerful technolgoies, lands in the village, terrifying local people who cannot be sure if the aliens wish them ill or good. The people of Bougainville speak of BCL as a monster, and you know it. In recent months our threatre troupes have presented just this view, to you in your own mining company town.

You say you are good corporate citizens. You pay taxes to the national government, you pay wages, you pay royalties, you trumpet your public relations stunts such as the Bougainville Copper Foundation, which doles out small sums to local sports clubs and the like. You build infrastructure, you compensate landowners. Yet those very monies are also very much the problem.

You have been so determined to take our earth and send it to European and Japan as quickly as possible, that you have created an operation on a scale which makes it overwhelming. Because of that massive scale you pour fifty million tons of our earth into the Jaba River every year. Because of that massive scale, you have made such massive profits that our economy has been reduced to colonial dependence.

You are not ruthless exploiters. You are the modern faceless corportaion which takes care to observe local laws, and incorporates local people, locking them into minority shareholdings in trading operations you so generously call a foundation. The vast sums of money you make by selling our gold, silver and copper has created amounts of cash undreamt of before. And that cash has tragically seduced some of the best leaders of our people. It has robbed us of some of our finest men, who have ceased serving their people, and instead line their own pockets with the money of BCL. You may not be legally responsible for the Bougainville Development Corporation scandal, but morally it is your shame as much as ours.

So many of your executives inhabit a fantasy world. They suppose they can merely maintain correct, formal relations with the democratically elected government which represents the people of this province, and there will be no problem. There is a problem. It is all the worse because it has remained unspoken for so long. The problem is that your way and our Melanesian way are different. Our people want to improve their lives, to improve their skills and abilities. They want to learn skills appropriate to village development. Not only does BCL have almost nothing to offer that is relevant to assisting the self-reliance and dignity of our people, it actually saps the confidence, reducing our people to dependent wage slaves, cogs in a wheel. You have parked your bulldozers in our living rooms, yet you pretend that you can simply go about your business, and we go about ours, and never the twain meet. I tell you this is not so.

The time has come for such delusions to meet the test of reality. Our culture has an ancient entrepreneurial tradition, which, if nurtured, could restore the lost dignity and self-reliance which has descended on us in the lifetime of this gigantic mine. Our Melanesian entrepreneurial tradition differs markedly from yours. Material wealth was not an end in itself, but a means to gain renown, the esteem of one's people. Thus accumulated wealth was regularly distributed back to the people who helped create it. By contrast, you are the head of a corporation, a body which lives and breathes even when you have retired to your farm in Australia. The corporation is an entity which uses the energies of men, but has its own life.

The modern corporation does not obey the natural rise and fall of life and death, as does our Melanesian tradition, which distributes a leader's wealth when he dies. The modern corporation obeys the ideology of the cancer cell, to ever grow and grow, without ceasing.

I want you to understand our Melanesian way. I offer you the gift of understanding our culture, beause such understanding is the key to transforming BCL's relations with the many peoples of Bougainville. If you appreciate the true nature of Melanesian culture, then you can leave as our friend, knowing we have made a start to building the bridges we must build between your way and ours.

The Melanesian way is energetically struggling to adapt to the invasion which BCL has brought. In every village, people now have fresh expectations. They want vocational training, to build timber houses with long lasting roofs. They want training in self-reliant cash crop growing. They want better roads, and transport, and access to markets. They want trading companies to market their produce, companies which do not grow uncontrollable, but which follow Melanesian tradition, which return profits to the people whose energies create wealth.

While the Melanesian way is struggling with the cash society you have brought, BCL has shown so little understanding or appreciation of the Melanesian culture. So many of your employees are racist, openly contemptuous of us, just as the kiaps were. You have lived alongside us, but not among us. Consider the example of an earlier invasion, that of the Church. It was initially alien, but it brought the good news of compassion, love, justice and humility to the hearts of our people. It is now a national church, evolving a Melanesian theology. Your company shows no such sensitivity. BCL eats, roots and leaves. Your employees insult our national dignity, renaming our nation as Papua Yugimme. BCL workers are told only to keep a low profile. They are given no training whatever in our way of seeing. And you know that our women can be procured for K5 at the Panguna mine.

Thus I come to my specific proposal. This proposal achieves several aims. It meets the needs of our people. It restores our dignity, confidence and self-reliance. It gives us the resources to tackle the law and order problem at its roots. It sets an example to the nation of the dignified way equals meet to resolve their differences. It gives you the friendship of a people who for long have deeply resented you. Once you have won their genuine friendship, it may be possible to begin negotiations over the moratorium which prevents exploration of the rich copper neighbouring the existing mine.

What I propose is not just my idea. You will come to see, in this current national election campaign, and through the North Solmons Provincial Government election campaign which starts as soon as the national election is past, that this proposal has the active support of the people of North Solomons. The will of the people will prevail. If you do not immediately appreciate the wisdom of our proposal, I say to you now that you will, once you can clearly see the dignity and determination of the people.

This proposal represents a fresh start. It puts behind us the shameful hijack of Bougainville Development Corporation by selfish interests, and it puts aside BCL's power of patronage through your Bougainville Copper Foundation.

The proposal is this: that BCL set aside each year three percent of its gross income from selling our minerals, to be given directly to the North Solomons Provincial Government. This is untied aid, without strings. It is up to the government of the province to assert its dignity, capability and competence, to determine how that money may best be spent so as to foster the application of the Melanesian entrepreneurial tradition to creating small scale ventures which meet the needs of the people, and which return their benefits to the village people. As a matter of national dignity, it will be for the government to apply such funds. If we are to recover our confidence in ourselves, this is essential.

There can be no question of BCL's ability to pay. Three per cent of gross sales is, on 1986 figures, K12.6 million, a modest figure which will greatly assist the government which has most directly borne the brunt of BCL's presence. BCL staff have told us that you could easily save enough for such an annual payment, simply by utilizing more efficiently the machinery and manpower you have. Gross sales are an appropriate base line, as we do not accept your practice of salting away K60 million a year which you return to the smelters who buy our copper, for the privilege of having them accept your concentrates. We are well aware of transfer pricing and of the existing cartels. If you find three percent of gross sales unacceptable, our alternative is four per cent of the net sales revenue you declare in your annual report.

The agreement between the national government and BCL is outside the scope of this agreement. This is an agreement to assist the people who most immediately must accomodate your massive operation. We place on notice the urgent necessity of renegotiating the national agreement, given the likelihood that superconductor tehnology will slash world copper demand, quite possibly as soon as five years from now; and because the mine, when it is closed, will leave us an enduring legacy of pollution, and metal concentrations in our fish for thousands of years to come. By any standard your mining benches are incredibly steep and dangerous. Landslides will be the legacy. The government, national and provincial, will inherit from you not only a giant hole where once there was a mountain, but also the long term expense of cleaning up, and this has not even been discussed with you.

We have another reason for this BOUGAINVILLE INITIATIVE. We are concerned not only for the people of bougainville. The nation of Papua New Guinea is at a crossroad. One road leads to the repetition, all over the nation, of the tragedy of Bougainville. We have had the Bougainville Development Corporation ripoff, we have had the Placer Pacific ripoff. We can tell the nation right now the names of the next such tragedies. The names are Ok Tedi, Lihir, Misima, Porgera. Each time a few of our leaders surrender to the politics of greed, the nation as a whole moves closer to the rule of money, of a rich few holding onto power, backed by an army which protects them from the wrath of the dispossessed. So many countries have degenerated into corruption and dictatorship. PNG is a vital democracy, and can be saved such a fate, if the people can see how to live with such massive gold mines in a way which asserts the dignified right of sovereign people to ensure that benefit is distributed to all.

The alternative road facing the nation is to make good use of our deepseated entrepreneurial tradition, adapting it to the modern need for an indigenous commerical culture which brings development to the villagers, harnessing the energies of collective family effort, and ploughing profit back into enhancing that collective streangth. Nurturing such enterprise will take time. But there are examples of such enterprises, even if we have now created an elite of rich men who attach themselves to foreign businesses, to whom the Melanesian entrepreneurial tradition is no longer visible.

As the BOUGAINVILLE INITIATIVE takes shape, you will hear more from the Nroth Solomon Provincial Government.

One further issue needs to be clearly stated. Because the essence of the Initiantive is to encourage local enterprise, we cannot permit BCL to swamp local enterprise by establishing giant supermarkets, at places such as Buin, or Buka, to compete on unfair terms. No local trader can possibly compete with the freight rates you get, through the availability on the ship used to bring in mine supplies of space for imported foods. The National Investment Development Authority cannot permit such expansion of BCL's activities. Be content with mining, and feeding your expatriates on expensive important food. Do not hide behind your public relations Foundation, and pretend that such supermarkets are a charity. We are asking that you encourage initiative, not stifle it.

The social, economiic and environmental impace of fifteen years of mining has not been dealt with constructively and openly until now. If it is left much longer, BCL will be gone. The people of Bougainville are determined to set a positive example to the nation. We will set a standard for dealing constructively with giants such as BCL, so that our people can again control their own lives. We will restore self-reliance, through projects funded by seed capital from the Bougainville Initiative Fund we here propose. Such money can succeed if it is spent by provincial and local community governments. They are the governments closest to the people. Only they can select projects which not only meet community needs, but which in turn generate self-sustaining financial independence for community development. We are resolutely opposed to handouts and the passive dependence they create. What we are after is seed capital, to generate communal funds which are self-sustaining, and which instil pride in community development. I am sure you will ackowledge that BCL has never attempted such intimate understanding of our Melanesian way as to be capable of identifying such projects and patiently nurturing them. Your explicit BCL policy has always been to restrict your funds for large scale projects. Only our own democratically elected representatives can wisely administer such a fund.

I played a major role in the creation of provincial governments, in part as a constructive response to the acute frustrations felt by the people of this home province of mine, Bougainville. Having been a national leader for so long, it is my belief that we must deal directly with each other, as human beings equal in dignity. I do not believe in making splashy press releases. Before publicizing this proposal I have come to you face to face. I talk straight and true. What is proposed here must come to pass. It will be the public agenda of the coming weeks of election campaigning. But first I come to you, to offer your our friendship, and to wish you a happy retirement to top off a successful career. We invite you to retire in the knowledge that you are not only a mine builder but also a community builder.

May God bless you,

Fr JOHN MOMIS