Trading Bougainville Copper (ADRs) 867948
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BOUGAINVILLE witnessed another milestone achievement last Friday?? ? the reconciliation to end issues, differences and misunderstandings among landowners of the now defunct Panguna mine and the region?s president John Momis.
President Momis and the Panguna landowners? association executives created a breakthrough in the history of the region and reconciled for the first time since the crisis.
The reconciliation ceremony between President Momis and the representatives of the six mine lease areas led by interim chairman Chris Damana and Lawrence Daveona paves the way for Bougainville?s prosperity and easy access to negotiations of re-opening the Panguna Mine.
The ceremony was two-phased; a meeting at the Parliament?s Executive Council room at Kubu with Momis and his Cabinet and later the reconciliation ceremony at the Bougainville Administration conference room in Buka. Head of the six mine lease areas took their seats. Chris Damana as the interim PLA chairman, Theresa Jaintong as the interim chairperson of the Siokate lease which covers Arawa urban, Benedine Kira as spokesperson for the Lower Tailings, Scholastica Meuka led the Port Access Road Mine, Severinus including those of the Upper Tailings and the Special Mining Lease and Tarciscius Karuai of the Port Access Road Mine. Momis was happy to hold the hands with leaders again and shake hands. All present shed tears during the ceremony.
ABG vice president Patrick Nisira, at the forefront of this ceremony said he started working on the reconciliation plans since December 2010 and last Friday, he was proud to see the fruit of his work. Before the ceremony Nisira announced it would only be refreshments served and that there was no pig feast to celebrate.
?The size of the pig doesn?t matter, the size of the occasion does,? he said. This ceremony now paves way for us to further our negotiations on the re-opening of the Panguna mine.?
Momis congratulated the leaders for coming together to negotiate the mine re-opening and other issues. He spoke of the wealth of experience Bougainville enjoys and has appealed for unity to move Bougainville forward.
Chris Damana who spoke on behalf of the landowners said he was a happy man as it singled out the way forward for the ABG and the people of Bougainville. He said the ceremony will now pave way for economic recovery on Bougainville. He appealed to the media to report the truth and be sensitive to the Panguna issues. He also challenged the landowners to take the reconciliation from their hearts and to work with ABG for prosperity on Bougainville.
Link Provided: www.postcourier.com.pg/20110328/mohome.htm
28.03.2011
Source: Post-Courier
Govt, ABG aim to sign agreement
By GORETHY KENNETH
THE National Government and the Autonomous Bougainville Government are aiming to sign the Panguna Mine Heads of Agreement by end of November 2011.
Bougainville Affairs and Trade Minister, also Regional MP Fidelis Semoso announce recently in Panguna and Arawa during his meetings with rebel hardliners that he plans to have responsible authorities sign the Panguna Heads of Agreement by November 2011.
ABG vice president Patrick Nisira also told the Post Courier it is possible to sign the HOA in November and if that is the plan by the National Government, ABG is in full support and would work together to implement it. Nisira was speaking at the reconciliation ceremony between ABG president John Momis and the representatives from the Panguna landowners in Buka last Friday.
The HOA is part of the four steps agreed during the recent Joint Supervisory Body (JSB) meeting, and is the last of the four to set the pace for the beginning of the review of the Bougainville Copper Agreement.
The steps include social mapping, environmental impact study, baseline survey and eventually the HOA.
“I want the Heads of Agreement by November 2011. By doing this, it basically means we can now begin the Bougainville Copper Agreement review,” Mr Semoso said in Arawa.
“Basically the issue means that we will commence the review of the Bougainville Copper Agreement once the HOA is signed....the heads of agreement will decide...it’s like a playing field. It will decide what is inside and what is outside.
“Bougainville, we are not like other provinces, Bougainville we have a time limit, we don’t have the time anymore. We don’t have time to waste.
“As the National Minister responsible I want to make sure we get the heads of agreement signed by November 2011.
“The National Government is fully committed and I want to see the HOA fully complied with.
“I believe all these things can be done in three months but only if the responsible authorities like the ABG, National Government and basically the PNG and Bougainville Mining Divisions work together to make this happen.
“I am sure if we all work together we can actually achieve this ... That’s an issue I want to discuss with Ishmael (Toroama), Chris (Uma) and Moses Pipiro.
“I am now issuing a challenge to the ABG, and specifically the Department of Geohazard and Mining plus the Mining Division in Bougainville to progress the resolution.
“The onus is now on the technocrats with the drive from the responsible leadership.
“The people of Bougainville don’t need an open ended negotiations. The process of the review is very important and the people need to be fully informed on what is happening. I am more concerned about the review and focus on when the first gold will be produced,” he said.
Erstaunlich... Wenn ich noch Geld übrig hätte, würde ich den letzten Rest reinstecken ;)
es verkauft aber auch niemand und ich glaube, dass selbst bei 1,25 nur wenige verkaufen werden....
ist die säule in AU verschwunden, marschiert der Kurs richtung norden.
allen eine spannende woche!
By Aloysius Laukai
the Australian Parliamentary Secretary for Pacific Island Affairs, RICHARD MARLES MP arrived in Buka this afternoon for a three-day visit to Bougainville.
He was met at the Buka airport by the ABG Vice President PATRICK NISIRA and the Administrator of Bougainville, LAWRENCE DISIN.
and members of the Bougainville Administration.
A traditional welcome was perfomed by students from the Hutjena Secondary School.
In welcoming MR. MARLES at the airport, Vice President, PATRICK NISIRA thanked Australia for its continuous support to Bougainville through its aids programs provided by Ausaid and for Australia's contribution to re-establish peace and normalcy on Bougainville by contributing to the Peace Keeping Mission on Bougainville.
In Response, MR. MARLES thanked the students for their warm welcome and said that Australia has long history starting from during the world war 2 and most recently its mining interest on the island.
The ABG President John Momis is hosting a official dinner for Hon Richard Marles and his delegation at the Kuri village resort this evening
“I want the Heads of Agreement by November 2011. By doing this, it basically means we can now begin the Bougainville Copper Agreement review,” Mr Semoso said in Arawa.
“Basically the issue means that we will commence the review of the Bougainville Copper Agreement once the HOA is signed....the heads of agreement will decide...it’s like a playing field. It will decide what is inside and what is outside.
BCA jetzt oder erst wenn das HoA im November unterzeichnet ist? Ziemlich widersprüchlich formuliert....
So ist mein Verständnis, wobei sich der Text auf jedenfall widerspricht und recht schwammig vormuliert wurde...
“I believe all these things can be done in three months but only if the responsible
“Basically the issue means that we will commence the review of the Bougainville Copper Agreement once the HOA is signed....the heads of agreement will decide...it’s like a playing field. It will decide what is inside and what is outside.
Wenn die BCA Review bis Ende 2011 unter Dach u. Fach ist können wir damit vollauf zufrieden sein,dann kann BOC in 2012 mit der Verwertung der Stockpile beginnen u. wir haben einen Quantensprung hin zu einer produzierenden Mine erreicht.;-))))))))
Beginn der BCA Verhandlungen jetzt,Zeit genug ist schon vertrödelt worden!!!!
Parliamentary Secretary for Pacific Island Affairs Richard Marles will visit Papua New Guinea, including Bougainville, from 28-31 March.
This will be Mr Marles first visit to Bougainville as Parliamentary Secretary and he will meet with the Autonomous Bougainville Government President (ABG), John Momis, and key members of the ABG to discuss the Bougainville peace process and related issues.
"This visit is an opportunity to reinforce our commitment to helping Bougainville to get back on its feet after so many troubled years," said Mr Marles.
In Port Moresby Mr Marles will meet with PNG Ministers and attend a roundtable on the National Advisory Committee on Disability.
Mr Marles will visit Port Moresby General Hospital and tour the PNG Eye Care clinic.
The Parliamentary Secretary will visit Papua New Guinea's Liquefied Natural Gas (LNG) project in the Southern Highlands and reinforce Australia's commitment to supporting the project.
Australia's support to the PNG LNG project includes providing advice on the establishment of sovereign wealth funds and the modelling required to assess the project's likely impact on PNG's economy.
Discussions during the visit will also progress the agreement between Australia and PNG to reposition the aid program to give priority to education and health, transport and law and justice.
view original source
29.03.2011
Source: The National
Aussie rep on island affairs tours Bougainville
By STEPHANIE ELIZAH
AUSTRALIA parliamentary secretary for Pacific Islands Affairs Richard Marles arrived in Bougainville yesterday for a three-day official tour.
The visit follows an invitation from Autonomous Bougainville Government (ABG) President John Momis during his visit to Australia last month to seek financial aid for the next three to five years which included;
* A$50 million (K131.8 million) to assist and restore Arawa as the economic hub and service delivery centre for Central Bougainville and also as the administrative capital of Bougainville,
* A$3 million (K7.9 million) to engage experts to help the ABG in its options of mining in Bougainville; and
* A$2 million (K5.2 million) per year over the next five years to resettle Carteret and other atoll islanders on mainland Buka and Bougainville.
Marles said he would have further discussions on ABG’s request for assistance during his courtesy call to Momis today before the Australian delegation, including Australian High Commissioner Ian Kemish, departs for Arawa.
“We are here on principle, to see progress of the Bougainville peace agreement to which Australia was a key participant to the achievement of this very important document.
“We will meet with ABG and the national government to get their sense of how they have progressed in ensuring the agreement is followed,” Marles said.
During his stay in Bougainville, Marles will also meet with ABG Mining Minister Michael Oni and Bougainville ACP Thomas Eluh.
He will also officiate at the ground breaking ceremony for Koromira Technical High School in Kieta after meeting with ABG Primary Industry Minister Nicholas Daku and Central Bougainville leaders.
Former PNG prime minister wants people to control mineral resources
Posted at 06:27 on 29 March, 2011 UTC
A former Papua New Guinea prime minister and now governor of New Ireland province, Sir Julius Chan, says it’s vital the people control the country’s resources.
Sir Julius has been pushing for autonomy for his province, along the lines of what is currently in force in Bougainville.
He also wants the Land Act of 1992, which gives the government sole ownership of whatever is under the ground, re-written.
Sir Julius says one aspect of autonomy is to control the resources and this will also ensure stability and help the people flourish once the mines close.
“I actually want to see the ownership of all these resources in the hands of the people, because I really believe if the people own them there won’t be too many of these disputes happening in these mining areas. People will be quite satisfied. It really a case of the same sharing except this time the people get more, the people who suffer get more than the government.”
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Im US-Bundesstaat Utah haben nun beide Parlamentskammern beschlossen, dass von der US-Bundesregierung herausgegebene Gold- und Silbermünzen gesetzliche Zahlungsmittel sind.
Reiner Edelmetallwert entscheidend
Fakt ist zudem, dass bei den entsprechenden Münzen nicht auf den Nominalwert abgestellt werden soll. Hier sei bspw. erwähnt, dass die Standardsilbermünze US Silver Eagle ja ausschließlich nur als 1-Unzen-Variante zum Nominalwert von einem US-Dollar herausgegeben wird. Beim Gold kann der US Eagle als Münze in den folgenden Stückelungen und Nennwerten erworben werden: 1oz (50 US$), 1/2oz (25US$), 1/4oz (10US$), 1/10oz (5 US$).
Mit Blick auf die Kaufkraft der jeweiligen Münzen stellt der Mormonenstaat aber auf den jeweiligen tatsächlichen aktuellen Edelmetallwert ab. Dieser lag zum Beispiel beim US Silver Eagle am gestrigen Montag bei 37,1 US-Dollar.
Druck auf die US-Bundesregierung
Mit dem Schritt wollen Utahs Parlamentarier Druck auf die US-Bundesregierung in Washington ausüben. Das sei das Ziel dieser Maßnahme, zumal augenblicklich die US-Dollar-Inflation ja davonlaufe, so wird Scott Jenkins von den Republikanern im Salt Lake Tribune
http://www.sltrib.com/sltrib/home/51404825-76/...ender-coins.html.csp
zitiert. Als Kaufanreiz für US-Gold- bzw. Silbermünzen soll darüber hinaus keine Kapitalertragssteuer beim späteren Verkauf mit Gewinn fällig werden.
Vorsorgliche Sicherheitsmaßnahme für den Dollar-Kollaps
Der republikanische Abgeordnete und Gesetzesinitiator Brad Galvez betonte indes, dass es sich um eine vorsorgliche Sicherheitsmaßnahme handele, um die Wirtschaft im Mormonenstaat auch dann weiter am Laufen zu halten, wenn der Wert des US-Dollars sich im kontinuierlichen Sinkflug befinde. Noch weiter geht die Gesetzesinitiative des Republikaners Mike Pitts im Bundesstaat South Carolina.
http://www.cbsnews.com/8301-503544_162-6217403-503544.html
Abschaffung des US-Dollars
Mr Pitts will gleich den US-Dollar als gesetzliches Zahlungsmittel ganz abschaffen und durch Gold- und Silbermünzen ersetzen. Laut Pitts werde das Wirtschaftssystem zusammenbrechen, wenn die Bundesregierung weiter in dem Tempo Geld ausgibt und druckt. Das US-Wirtschaftssystem könne laut dem Abgeordneten durchaus zusammenbrechen. Pitts erwartet gar einen nationalen Wirtschaftskollaps, wenn die US-Bundesregierung weiter auf dem (Schulden-) Pfad der alten und der aktuellen Administration gehe.
Ja, liebe Leserin, lieber Leser, die Angst vor dem Systemkollaps veranlasst in den USA also schon jetzt einige Verantwortliche vor Ort, vorsorgliche Sicherungsmaßnahmen einzuleiten. Und da sollen Gold und Silber eine wahrlich nicht unbeachtliche Rolle als gesetzliche Zahlungsmittel einnehmen.
Die Deutschen müssen sich indes bis jetzt für den Fall des Falls nur mit der schon im August 2004 in Kraft getretenen Wirtschaftssicherstellungsverordnung begnügen...
Von 10 billion compensation runter auf K40 Million ;-))))))))))))
Postcourier, 29 March 2011
By GORETHY KENNETH
The Me’ekamui tribal government says it wants responsible govern-ments to pay K40 million for the proper burial of the 20,000 lives lost during the 1989 war.
The Me’ekamui government, headed by Philip Miriori, and supported by Raymond Hakena, Thomas Rabanz and others, held a press conference in Buka yesterday to announce their grievance.
Miriori, younger brother of late Francis Ona, said the mine can re-open but not until a proper burial of all the lives lost is done. He called on the Bougainville, PNG and Australian governments to immediately address and begin the negotiations to do this but wants the process to start in three months.
“Until all political leaders sign, endorse and support our human rights declaration, our ability to proceed with economic growth will remain tarnished,” Mr Miriori said.
“This is a curse and the ABG has to seriously address this because if we do not address this, nothing will work out. This proper burial, I am asking the PNG Government and Australia to come in because this is no longer our own issue.
“As the president of the Me’ekamui tribal government I must now share with all of you of my fellow Bougainvilleans the cause that has been mandated for us to take by our culture, our heritage and our tribal constitution which was there from the beginning.
“The Me’ekamui are designing a living memorial to all of our brave and courageous souls who have sacrificed their lives during the human rights struggle.
“The 15 to 20,000 lives who fought so our human rights would be protected deserve our recognition and the recognition of all nations of the world. From the bottom of my heart and soul and with every fibre of my being, I ask you all for your support.”
http://www.postcourier.com.pg/20110329/ispost02.htm
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Mich erinnert das an Mikado: "Wer sich bewegt verliert".
Alle Parteien haben was sie wollen. Patt.
Noch ein letzter Blick: 154 unverändert.
Jetzt geh ich ins Bett.
Gute Nacht, allerseits!
AUSTRALIA will provide K60,000 to respond to a cholera outbreak in Bougainville.
The Department of Health in PNG has confirmed that two people from Lontis village have died from cholera.
In response to a request for assistance, AusAID will provide K10,000 in initial funding to the Autonomous Bougainville Government (ABG) Division of Health for fuel for emergency supplies and non-medical supplies such as disinfectant, buckets and mops.
The remaining K50,000 will fund urgent maintenance of the Lemanmanu Health Centre, which is the closest clinic to the outbreak.
This funding will repair the generator, and upgrade water and sanitation facilities.
An AusAID adviser is also working closely with the ABG Division of Health to assist in the response.
AusAID officials in Bougainville have already assured the Autonomous Bougainville Government that Australia was ready to help. Australia has provided approximately K5.5 million to assist Papua New Guinea respond to cholera outbreaks in eight provinces, including for procurement of oral rehydration salts and technical support for co-ordination surveillance and response.
The funding for this latest assistance package is being sourced from the Governance Implementation Fund, which is a joint initiative between Australia, New Zealand and the Autonomous Bougainville Government
von Thomas Godt
Mittwoch 30.03.2011, 10:19 Uhr London (BoerseGo.de) - Der drei-Monats-Kontrakt auf Kupfer an der LME hat sich im frühen Handel stabil bei rund 9.600 US-Dollar je Tonne präsentiert. Der Markt kann es kaum erwarten, das erste Quartal abzuschließen. Man hofft auf neue und gute Nachrichten im zweiten Quartal. "Derzeit ist wirklich auf der Nachrichtenseite nichts los", sagte ein Händler in Singapur. Und ergänzte:"Solange das so bleibt, werden wir uns in einer engen Range bewegen", sagte er gegenüber Reuters. Der Markt bleibe besorgt, da aus China weitere geldpolitische Maßnahmen zur Inflationsbekämpfung befürchtet werden, erwähnte Zhou Jie von CIFCO Futures. Auch die US-Fed macht den Marktteilnehmern Kummer. Sollte die Fed ihre Geldpolitik ändern und den Ankauf von Anleihen vor Juni stoppen, dürfte sich das deutlich negativ auswirken. Optimistisch ist hingegen Wang Tao, technischer Analyst von Reuters. Er sagte, der Kupfer-Preis habe das Potenzial bis auf 10.800 US-Dollar innerhalb der nächsten drei Monate.
http://www.radioaustralia.net.au/pacbeat/stories/201103/s3178057.htm
Bougainville consultations on mine re-opening set to widen
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Updated March 30, 2011 18:45:06
Last Friday, Bougainville witnessed another milestone in its peace process - a reconciliation ceremony between the President of the Autonomous Government of Bougainville, John Momis, and the landowners from the six mine lease areas around the Panguna mine.
That ceremony has set the stage for wider consultations on the re-opening of the mine.
Presenter: Jemima Garrett
Presenter: Bougainville's Vice President Patrick Nisira
GARRETT: The reconciliation ceremony between Bougainville President John Momis and Panguna landowners, last Friday, means the consultations on re-opening the mine can gear up a notch.
Vice President Nisira says that after many months the six Panguna landowning groups have agreed to work together.
NISIRA: There is really great movement now. In our consultation the people want the mine to be open. There is some hesitation from former combatants who really feel we should engage them too, but within the next 3 weeks.. We have consulted with the people of Panguna, we have engaged the Mekamui, they are formally in the process now. Within the next few weeks we will be holding 3 big forums: one in North Bougainvlle preferably in Buka, one in Central Bougainville earmarked for Arawa, and one in South Bougainville. I think it will be scheduled, maybe, in Siwai. At these public forums we will gauge the Bougainville people's view on mining, on re-opening of mining. Today the official ABG position is not yet to re-open the mine. We still await the thoughts of the landowners, the ex-combatants and also the people of Bougainville to speak out through these Forums and then after this consultation with our people, ABG will be able to make a formal announcement on the re-opening of the Bougainville copper mine.
Updated March 30, 2011 18:45:12
Australia's Parliamentary Secretary for Pacific Island Affairs, Richard Marles, says he gets a strong sense that the Bougainville peace process is on track and that conditions will be right for a referendum on independence when the target date is reached.
He is on an official visit to Papua New Guinea and Bougainville, where he's held talks with the president of the autonomous region, John Momis.
And Mr Marles says it's vital for PNG and the whole region, that the terms of the peace deal are adhered to, as a fitting tribute to the 15 thousand people who lost their lives during the civil war in the 1990s.
Presenter: Richard Ewart
Speaker: Richard Marles, Australia's Parliamentary Secretary for Pacific Island Affairs
.......ABG will be able to make a formal announcement on the re-opening of the Bougainville copper mine.
.......wird dieser Zeitplan im "Land of the unexpected" eingehalten,so käme das " formal announcement" auch von Peter Taylor anlässlich des AGM ;-))))))))
Da kann man schon verstehen warum im Vorfeld in AU noch gedeckelt wird.
Die Landeigner sind geschlossen bei der Hauptversammlung, ABG verkündet vorab die Bereitschaft (inkl. aller Landeigner, Gegner und Bewohner) zur Wiedereröffnung und PT gibt bekannt, dass BCL hocherfreut ist, mitteilen zu können: "A new Century in the history of Bougainville Copper begins..." :)))
Wann war nochmal der genaue Termin des AGM?
BCL.reloaded
... dass sich momentan irgend jemand die Mühe machen müsste, den Kurs zu deckeln. Die Nachfrage in Au ist seit längerem sehr überschaubar, warum auch immer. Und die geringe, die vorhanden ist, wird ab und zu mal durch Verkäufe ins Bid gestillt. Aber das müsste sich ja in den beiden nächsten Tagen noch ändern, wenn derjenige Recht behalten sollte, der weiter oben für diese Woche Kurse von 1,25 € vorausgesagt hat.
Und wenn nun entgegen meiner Meinung tatsächlich im Vorfeld des AGM gedeckelt würde, von wem auch immer, dann müsste es ja ab dem 19. April ein Feuerwerk geben. Es sei denn, dass dann diese geheimnisvollen Shorties wieder ins Spiel kommen. Wir werden sehen.
Übrigens: Wenn ich lese "Within the next few weeks", bin ich gespannt, was mit "few" gemeint ist. Und ich stimme Nekro zu: Zeit genug ist schon vertrödelt worden!
30.03.2011
Source: Radio New Dawn on Bougainville
By Aloysius Laukai
Australia has responded positively to requests made by the ABG President John Momis in Australia last month.
The visiting Australian Parliamentary Secretary for Pacific States, RICHARD MARLES told reporters in Arawa last night that Australia is ready to assist Bougainville if requests for prioritized specific projects are made by the ABG.
He said that Australia has long relationship with Bougainville going back to world war 2.
MR. MARLES also announced approved funds for certain projects on Bougainville.
For the Cholera outbreak at Lontis village, Buka island they have approved SIXTY THOUSAND KINA including the TEN THOUSAND KINA already used for helping in containing the situation.
For the St. Gregory Technical School in Koromira they would give TWO HUNDRED FIFTY THOUSAND KINA for the school’s Science lab.
AND another SEVEN HUNDRED THOUSAND KINA has been approved for the Bougainville Police Service’s Housing Project.
Richard Marles and his delegation over-nighted in Arawa and returned to Australia this morning
Last Friday, Bougainville witnessed another milestone in its peace process - a reconciliation ceremony between the President of the Autonomous Government of Bougainville, John Momis, and the landowners from the six mine lease areas around the Panguna mine.
That ceremony has set the stage for wider consultations on the re-opening of the mine.
Presenter: Jemima Garrett
Presenter: Bougainville's Vice President Patrick Nisira
GARRETT: The reconciliation ceremony between Bougainville President John Momis and Panguna landowners, last Friday, means the consultations on re-opening the mine can gear up a notch.
Vice President Nisira says that after many months the six Panguna landowning groups have agreed to work together.
NISIRA: There is really great movement now. In our consultation the people want the mine to be open. There is some hesitation from former combatants who really feel we should engage them too, but within the next 3 weeks.. We have consulted with the people of Panguna, we have engaged the Mekamui, they are formally in the process now. Within the next few weeks we will be holding 3 big forums: one in North Bougainvlle preferably in Buka, one in Central Bougainville earmarked for Arawa, and one in South Bougainville. I think it will be scheduled, maybe, in Siwai. At these public forums we will gauge the Bougainville people's view on mining, on re-opening of mining. Today the official ABG position is not yet to re-open the mine. We still await the thoughts of the landowners, the ex-combatants and also the people of Bougainville to speak out through these Forums and then after this consultation with our people, ABG will be able to make a formal announcement on the re-opening of the Bougainville copper mine.
Quelle:
http://www.radioaustralia.net.au/pacbeat/stories/201103/s3178057.htm
Eine gute Nachricht nach der anderen. Mal sehen, was der obstinate rote Balken in Sydney heute nacht dazu sagt :-))