Trading Bougainville Copper (ADRs) 867948

..........wird auf ganz Bougainville, ausser im Norden (Buka) betrieben da die dortigen Gesteinsformationen dafür noch einige Millionen Jährchen zu jung sind ;-))))

Die Ausbeute beim buddeln muss aber rel. gross sein,wurden doch vor 1-3 Jahren auf einen Schlag ca. 500 Kg Gold aus Boug. heraus geschmuggelt.Auch gibt es ausserhalb der BCL Leases noch jede Menge miningfähiger Areale,um die sich Australier,Kanadier,Neuseeländer,Chinesen etc. bemühen.Diese versuchen die Landeignerchefs zu bequatschen,ihnen ihre Rechte abzutreten,worauf Momis von Z.z.Zt. immer wieder betont nur das ABG bzw. die MRA hätte das Recht Mininglizenzen zu vergeben.( das allerdings erst nach der Übertragung der Miningpower von PNG an B´ville)

Die BRDC (Bogenvill Ressources Development Company) mit den Abzockern Lindsay Semple u. Rali an der Spitze bekamen übrigens von dem verstorbenen Präsidenten Joseph Kabui vor Jahren die Explorationsrechte über ganz Bougainville (ausser den BCL Leases) zugesprochen.Im Gegenzug sollte die BRDC dem ABG einen Kredit über 10 Mio USD geben sowie 100 Mill. investieren.Ausser einer Investition in die Eröffnung einer Goldschmelze in Arawa,welche mittlerweile wieder geschlossen ist weil die B´viller Golddigger sich nicht mit Minipreisen für ihr Gold abzocken liessen ist nichts passiert.Der "BRDC Deal" wird seitdem von den Landeignern angefochten und vom PNG Parlament untersucht. Voraussichtlich wird er irgendwann stillschweigend gecancelt.

http://www.godmode-trader.de/nachricht/...-Zinsanhebung,a2508042.html

von Thomas Godt

Mittwoch 06.04.2011, 09:59 Uhr London/Shanghai (BoerseGo.de) - Kupfer sieht am Mittwoch nicht rot sondern grün aus. Die Futures auf das rote Metall steigen sowohl in Shanghai als auch in London. In Shanghai legte Kupfer ein Prozent zu in London konnte der drei-Monats-Kontrakt im frühen Handel 1,51 Prozent zulegen. Dabei wurde die jüngste chinesische Zinserhöhung ignoriert. "Der Markt hat sich mit der strengeren Geldpolitik Chinas arrangiert, wir erwarten für dieses Jahr drei Zinsschritte nach oben, von daher war der Schritt nicht überraschend," sagte ein Händler in Singapur gegenüber Reuters. Es gibt zwar ein paar Sorgen, dass China übertreiben könnte, doch angesichts des Wachstums, bereitet das nicht wirklich Kummer, ergänzte er. Ein wichtigeres Thema sind die Lagerbestände. In London sind jetzt 442.325 Tonnen gebunkert und damit soviel wie seit Juli 2010 nicht mehr.

Offiziell zum Gesundheitscheck,vielleicht aber auch zu Verhandlungen zur BCA Review,Share-u. Miningpower Übertragung. Jedenfalls sollte er zur BCL HV noch in POM sein.Könnte also spannend werden. ;-))))))))

www.bougainville-copper.eu

06.04.2011
Source: Radio New Dawn on Bougainville


MOMIS OUT
By Aloysius Laukai


ABG President John Momis left Buka this morning for medical review in Port Moresby.

He will be out of the region for two weeks.

Before he flew out of Buka he briefly met the visiting World Bank Representative, MR. KANTHAN SHANKAR and the acting Minister for Agriculture, MR. PARU AIHI .

The two leaders came for the launch of the Productive Partnership in Agriculture Project on Bougainville.

The project will see the World Bank providing funds for small Cocoa holder projects throughout Papua New Guinea.

...ESBC Pressemitteilung soeben auf www.bougainville-copper.eu veröffentlicht!

wir erhielten von Ihren Kunden... die Anweisung, die Stimmrechte auf der hauptverseammlung durch... ausüben zu lassen.

Clearstream teile uns hierzu mit, dass eine persönlche Teilnahme an der HV nicht möglich ist. Um die Stimmrechte ausüben zu können muss die Weisung über Clearstream erfolgen.

Sollte Ihre Kunden hiermit einverstanden sein, benötigen wir eine Weisung zu allen Tagesordnungspunkten. An Kosten würden wir Ihre Kunden mit EUR 39,50 belasten.

Für eine baldige Rückantwort wären wir Ihnen dankbar.

Mit freundlichen Grüßen  

..........kann m.M. nach nur bedeuten dass die von Clearstream gehaltenen Shares zur Ausleihe freigegeben sind.

 

http://www.postcourier.com.pg/20110406/wehome.htm

By GRACE TIDEN

PAPUA New Guineans tend to get jealous of their own successful people and have attitude and cultural influences that are not conducive to successful business, says Minister for Treasury and Finance Peter O’Neill.
Mr O’Neill was delivering the keynote address at the opening of the inaugural PNG Indigenous Business Summit and Trade Expo in Kokopo, East New Britain Province yesterday.
“Frankly we have serious issues we need to address as Papua New Guineans including not being prepared to work hard, hence taking the easy way by leasing all our shops to foreigners.
“We cannot talk about a better future outcome without acknowledging our past mistakes and short comings and resolve to do better than we have in the past.’’
He told more than 500 participants mainly business people that the strong prudent management of the economy by the Somare Government over the past nine years had resulted in strong economic growth and created vast business opportunities.
Mr O’Neill said the prime objective of the summit was to develop a set of national strategies that the Government and the people all must immediately pursue, from 2011 onwards towards empowering indigenous citizens and businesses to take over and own over 70 per cent of the formal economy by 2050 as envisioned in the Wealth Creation Pillar of the National Strategic Plan, Vision 2050.
Currently 90 per cent is in the hands of foreign interest.
“We have to accept that 36 years on we have not realised the vision of our founding fathers. We the indigenous citizens do not today own and control the larger share of our economic enterprises in the country,” he said.
However Mr O’Neill said this was not the time to lay blame on anyone for their past failures but to take responsibility to correct mistakes and chart a better future.
He said the Somare Government had taken stock of the situation in the strategic review leading up to the formulation of the new National Strategic Plan Vision 2050 and wanted this imbalance to be reversed under the Wealth Creation Pillar Vision 2050 over the next 40 years. “The days where the bulk of our people remain marginalised spectators on our own land, despite our vast natural resources including our land, seas and other natural endorsements must cease from 2011,” he said.
The participants will put together recommendations which will be submitted to the National Government tomorrow.
Mr O’Neill thanked all those who had financially contributed towards the staging of the event, the organisers, the host government and the people. He also thanked the sponsors of the event for their financial support of K1.2 million.

...................and development projects on or near indigenous territories

UNITED NATIONS
OFFICE OF THE UNITED NATIONS HIGH COMMISSIONER FOR HUMAN RIGHTS
SPECIAL PROCEDURES OF THE HUMAN RIGHTS COUNCIL
REFERENCE: Indigenous (2005-1)

23 March 2011

Dear Sir/Madame,

I am pleased to address you in my capacity as Special Rapporteur on the rights of indigenous peoples pursuant to United Nations Human Rights Council Resolution15/14 of 30 September 2010.

I am currently carrying out a study on the rights of indigenous peoples in relation to natural resource extraction and development projects affecting them, in light of the high level of information I have received from indigenous peoples expressing concerns about this issue. In my previous reports to the United Nations Human Rights Council, I have examined the duty of states to consult with indigenous peoples about decisions affecting them (A/HRC/12/34) and the responsibilities of corporations whose activities affect indigenous peoples (A/HRC/15/37). I am now building upon these previous reports in order to provide an analysis of the effects of natural resource extraction and development projects on the rights of indigenous peoples, as well as an assessment of the responsibilities of States, corporations and indigenous peoples in this context.

An important component of this study will be the eventual development of a set of guidelines directed at States, corporations and indigenous peoples on the duty to consult with indigenous peoples in relation to natural resource extraction and development projects. With this document, I aim to provide guidance on the steps necessary to ensure that these types of projects are carried out in a way that is consistent with relevant human rights standards on the rights of indigenous peoples, including with respect to lands, territories and natural resources; consultation and free, prior, and informed consent; participation in and control over the design and implementation of project activities; mitigation measures; and benefit sharing.

To gather information for the preparation of this study, I have developed a questionnaire for governments, indigenous peoples and organizations, NGOs, business enterprises and other interested parties. The purpose of this questionnaire is to understand the views, concerns and recommendations of different relevant actors regarding the subject matter of this study, in accordance with the mandate given to me by the Human Rights Council to "examine ways and means of overcoming existing obstacles to the full and effective protection of the rights of indigenous peoples … and to identify, exchange and promote best practices."

I kindly request that you complete the attached questionnaire. While responses can be submitted in all official languages of the United Nations, responses in English and Spanish would be preferred.

Please submit your response preferably via email at indigenous@ohchr.org or by mail to the Special Rapporteur on the rights of indigenous peoples; c/o OHCHR-UNOG, Office of the High Commissioner for Human Rights, Palais Wilson; 1211 Geneva 10, Switzerland. Should you have any question regarding this request, do not hesitate to contact Ms. Karin Lucke at 022 917 94 31.

Please submit your response no later than 1 May 2011.

Thank you in advance for your time and kind co-operation.

James Anaya, Special Rapporteur on the rights of indigenous peoples

Questionnaire on natural resource extraction and development projects on or near indigenous territories

The Special Rapporteur on the rights of indigenous peoples wishes to gain a wide understanding of the current concerns and possible good practices related to the issue of natural resource extraction and development projects on or near indigenous territories. To that end, he invites indigenous peoples and organizations, NGOs, and other interested parties to submit their observations and comments in response to the following questions:

  1. 1. What are the major concerns regarding the extraction or development of natural resources within or in close proximity to the territories of indigenous peoples? Please provide examples of any specific negative experiences and information about the lessons learned from those experiences.
  2. 2. What are the possible benefits for indigenous peoples of extractive or natural resource development within or in close proximity to their territories? Please identify any specific examples of positive cases or good practices.
  3. 3. What are the principal steps required for avoiding negative impacts for indigenous peoples from the extraction or development of natural resources and for establishing good practices in this regard?

Thank you for your cooperation and please feel free to provide any additional information relevant to the topic of natural resource extraction and development projects on or near indigenous territories that may be useful to the work of the Special Rapporteur on the rights of indigenous peoples.

......break

http://www.rnzi.com/pages/news.php?op=read&id=59870

Posted at 07:16 on 07 April, 2011 UTC

An NGO in the autonomous Papua New Guinea province of Bougainville says prompt action by health authorities has contained the spread of cholera there.

The disease, which has claimed about 600 lives in 6 other PNG provinces in the past 20 months, has killed at least two on Bougainville with dozens more infected.

The Bougainville Women’s Federation spokesperson, Hona Holan, says the disease is affecting the northern parts of Buka island and hasn’t reached Buka town.

She says once people were discovered with continuous vomitting and diarrhoea, the health department launched a response.

“And it’s being addressed. We are all doing our best, the government has engaged youth groups, women’s groups, Red Cross, everybody, to go out and do awareness on the cholera.”
Hona Holan says this involves having people be particular about their hygiene and boiling water before use.

News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand

http://www.commodityonline.com/marketmovers/...11-04-05-3354-3-1.html

By Jatin Pateliya
Widespread expectations of Copper to reach above $11,000 remained muted with sluggish spot market prices coupled with continuously tight credit environment and geopolitical tensions kept the sentiments brittle. The factors recently confusing the investor mind are inflation, geopolitical tensions and Japan's natural disaster.

Chinese persistent watchdog on inflation and escalating unrest in Libya assisted bears to acquire the ground temporarily. Recently with the continuous effort to curb inflation, Chinese copper imports have witnessed a sharp decline turned copper cash market to discount form premium. However, vital economic indicators from the major economies saw some improvement, helping market to sustain higher.

Copper posted a golden performance in last year with prices climbed to all time high, broke $10,000 mark on LME, posting more than 30 percent gain in last year as macroeconomic and fundamentals factors remained positive, supported the prices. Due to Chinese restocking, stocks at major warehouses reported sharp decline with LME stocks dropped by 25 percent in the last year. Weaker dollar against the major currency also added positive cues. Further, shortage of supply from major mines and improving demand will be the major cues in the coming quarter as demand from emerging countries and western countries are expected to improve.

Where will Copper go as Japan's Economy Rebuilds?

Japan, the world's third largest economy, has been hit hard by the 8.9 magnitude quake that struck the northeast coast of Japan, trigged a tsunami resulted power plants, oil refiners and ports to temporarily shut activities. The quake's aftermath is also being felt in the financial markets. If we look for copper, then domestic demand for copper as well as other base metals will drop for short time as Japan's manufacturing plants remain closed due to quake damage amid power supply disruptions, however in long term demand may expected to rise.

Global copper product supply could be affected on the closure of refineries and plants in Japan as Japan is the second buyer of copper ore after China and it supplies finished products to manufactures around the world. Mitsubishi Materials Corp, Japan's third largest copper producer has halted production in its Fukushima prefecture smelter. Japan was expected to produce 1.6 million tonnes of refined copper in 2011, about 7.6 percent of world output. Looking to consumption side, Japan has typically consumed around 5 percent of the world's copper however the percentage will certainly increase over the next few years as reconstruction begins and country's infrastructure and housing will rebuilt.

Once the natural crisis gets over reconstruction would take place and rebuilding effort will require Japan to purchase huge amounts of industrial metals as it would need copper to replace electrical power cables damaged by tsunami, Aluminium would be required for household appliances, Zinc for galvanized steel, Lead for battery consumption and nickel to make stainless steel for larger infrastructure.

Oil & Copper divergence: Is it Bearish for copper?

Recent price drop in copper is to be also attributed to geopolitical tensions as the unrest in North Africa and Middle East raised the fear of global recovery. Fear of oil supply kicked the crude oil prices raising the fear of inflation. Of course the oil price has risen and copper price has fallen both of these are not unrelated as the fear of rising oil prices will dampen the industrial growth and economic recovery which may depress the copper demand.

There is a short term adverse effect on copper due to rising oil prices which we called a sentiment effect. However in the long term if the unrest eventually spreads to Saudi Arabia and other nations then we will see much higher oil prices and more volatility. But the word 'sustained' is important as if crude prices are likely to sustain above $110 for the next six months or the year then we can see the impact on inflation and demand destruction.

Copper, China & Inflation

China, the world's largest copper consumer and its economy has greater impact on copper prices as China and the health of its economy directly influences what goes on in the copper market. Right now, the focus remains on inflation. Concerns that Chinese government is taming inflationary pressures means every credit tightening or interest rate increase is viewed as an impending slow down depressing prices. Any result in monetary policy directly affects the copper prices as metals prices are sensitive to even small percentage point moves in perceived changes.

Chinese government has stated its preference to cap 2011 inflation at an average of 4 percent and it's so far from the current levels with current inflation rate stood at 4.9 percent against the previous level of 4.6 percent. To control the inflation, Chinese government has been rising interest rates in baby steps as China raised interest rates third time since October 2010 resulting one year lending rate to stood at 6.06% and deposit rate at 3.0 percent. The People's Bank of China also raised bank reserve requirements to record high at 20 percent. China has raised figures eight times by a total of 4 percentage points since January 2009. With every effort to tighten monetary policy could limit the economic growth and adversely affect the copper imports and demand for industrial metal. China producer manufacturing index remained under pressure with figures stood at 52.2 against the high level of 54.1 seen in December. The series of tightening measures by the central bank also had impact on loan growth as China's banks issued less than CNY600 billion, 91.3 billion in US dollar term, worth of new yuan loans in February, well below January's CNY1.04 trillion.

Supply Deficit - the only driver behind bull story

Analysts have already predicted supply shortage of copper for 2011 as there is no expectation of new supply this year however there is a potential for supply disruptions from aging mines. In 2010, copper has outperformed other base metals having posted a 30% returns. Considering the recent lack of exploration, increased demand from developing countries, declining resources like ore grades, insufficient number of new fund deposits , labor problems like strike and mine closure due to natural disaster all together resulted in shortage in supplies.

Many leading mines across the globe which were developed over two decades ago are yielding ore with less and less metal content resulting low percentage of productivity. The rate of production is declining at the world's largest copper mine as production at Escondida, the world's largest copper mine is anticipated to drop as much as 10 percent due to lower grades. Other mines like BHP Billiton and Rio Tinto also suffered from production in last year. According to International Copper Study group, the refined copper market balance for the full year 2010 indicated a market deficit of about 305,000 metric tonnes compares to a surplus of 175,000 tonnes in 2009. Stronger than anticipated refined copper usage, which grew by 1.3 million tonnes (Mt), coupled with a smaller than anticipated growth in supply of 770,000 tonnes pushed the market into deficit.

In 2010, world usage of refined Copper grew by around 7% to 19.4mt whereas the usage grew by 8% in Europe, 20% in Japan and 8% in US, although still usage rates are below pre crisis levels. In 2010, Chinese apparent usage increased by a more modest 4.3% from the very strong apparent usage growth of 37% in 2009, while world refined usage ex-China increased by around 8.5% in 2010. On a regional basis, usage increased in Africa by 1%, in Asia by 5.5%, in the Americas by 11%, and in Europe by 9%. Usage decreased in Oceania by 1%.

World mine production in 2010 increased by a modest 1% nearly 165,000t to 16.1 Mt and the average global mine capacity utilization rate fell to about 81% in 2010 and was at the lowest level in at least 20 years. Production in Chile, the biggest world producer, remained practically unchanged and was 2.6% below that in 2007. Output from other major producers such as Peru, the United States, Australia and Indonesia, that combined represent around 25% of total world copper mine production, decreased by an aggregated 5%.

Copper price: Inelastic to demand

When prices are high consumers will decrease consumption or substitute the other products, that's why, when prices of a metal rises to a certain point substitution becomes a factor. Substitution means end user may use another metals instead of copper. Substitution results in a decrease in demand which can help to correct prices. Copper primarily used in construction, cars, and electronics and for many applications there is no viable substitute, in economic term it is called a 'low elasticity of demand' or a 'demand inelastic'. That means high prices have a little influence on the quantity demanded, therefore the consumer will continue to purchase the commodity despite the high prices.

Emerging markets – the driving force behind the rally

Emerging nations demand for copper remained fairly positive as China and India are among the largest demand sources for industrial metals and responsible for copper consumption. Looking to macro factors, electricity generation figures also indicates economic growth as electricity consumption is highly correlated to manufacturing and industrial demand. According to International Energy Agency, India's power production needs to rise by 15-20% annually. Because of investment into new infrastructure India's annual copper demand is expected to more than double to near 1.5 million tonnes by 2012 up from current level of 6 lack tonnes. In 2011 China will continue to dominate global copper usage, which could rise more than 5%, and demand from western economies like from US and Europe will improve after facing a rescission period.

The annual per capita consumption of copper in India is 0.47 kg, China's 5.4 kg and the world average is 2.7 kg. China's urbanization plans and forecast GDP growth of 9.6 percent a year is expected to drive Chinese copper consumption from the current 5.4 kg/capita to an surprising 10 kg/capita by the end of the decade.

Now, question arises, where would be the copper this year, in the red or green zone? It would go lower or it's a buying opportunity? Simply, China's monetary policy will be the critical factor to determine the prices. Apart from it there are several supportive elements like increasing demand from the emerging nations will be more than make up for decreased demand from western world, and once the western economies recover, they would demand more and supply squeeze will become ever tighter. China and India being major growing economies supported the rally and will be supportive as consumption is further expected to increase.

US economy recovery continues, not rapid but slow recovery, European nations may come out from recession while Japan would require more metals for reconstruction efforts after its earthquake and tsunami. Urbanization plan of China and India would also be benefited. Further year ahead supply is expected to be weak and likely to increase demand, thus increasing demand amid supply shortage can push copper price to reach record high, even above $11,000 in this year. In the short term there might be adverse reaction to the monetary tightening and MENA crisis but for the long term positive prices movement is expected.

Technically, LME 3 month copper price has strong support at $8700/t and $8000/t with resistance lies at $10200/t. For the short term, prices are expected to trade within the range of $8500/t and $10,000/t. For the next 2-3 months MCX copper price is expected to trade between Rs.380/kg to Rs.470/kg with buying on dips would be beneficial.

Jatin Pateliya is Commodity Research Analyst with Edelweiss Financial Advisors Ltd.

http://www.reuters.com/article/2011/04/06/...to-idUSSGE73502020110406

RPT-Rio Tinto sees wider copper deficit than market

Wed Apr 6, 2011 6:11pm EDT


(Repeats story first published April 6) SANTIAGO, April 6 (Reuters) - The world copper market could
see a supply deficit of half a million tonnes this year and the
shortage may extend beyond 2013, Rio Tinto's (RIO.L) copper
unit chief executive, Andrew Harding, said on Wednesday. Harding's deficit view for the year is wider than the
market consensus of around 400,000 tonnes and extends longer
than many players predict of a more balanced market in 2013. "I see a deficit ... It wouldn't be difficult to imagine
something around the half a million tonne mark," Harding told
Reuters on the sidelines of the CRU world copper conference. "I
can image it being a one- or two-year phase and potentially
longer." Most executives, traders and investors meeting in Santiago
this week are predicting strong copper prices with volatility
in coming months on fears of a further growth slowdown in top
consumer China weighing on demand.
(Reporting by Alonso Soto; Editing by Simon Gardner and Dale
Hudson)

biste wieder am Kaufen 

 

 

und das in einer 4 Cent Range  

Pass mal gut auf heute Nacht!

 

heute Nacht ist der Kurs um 3 % niedriger, genau genommen 1,55 - was nichts bedeutet.
Aber der Abend ist ja noch jung ...  

Mit 1,55 meinst Du den Kurs von gestern, oder?

 

hab mich schon gewundert, weils eigentlich noch zu früh ist.  

15 Handelstage vor u. 15 Handelstage nach dem Reversal Island Gap stand/steht der Kurs wieder bei 1.20 €

Silber 40,15 USD/oz 31 Jahreshoch

1,1709 €

VOL 38K

 3 Mill. Tonnen Kupfer = 3 X rund 10000 USD = 30 Milliarden USD
7 Mill. Unzen Gold = 7 X 1500 USD = 10,5 Milliarden USD
30 Mill. Unzen Silber = 30 X 40 USD = 1,2 Milliarden USD
Molybdän=??????


von der Homepage:
Mit Kupfer Reserven bei fast 3 Millionen Tonnen und Goldproduktion im Bereich von 400.000 Unzen pro Jahr(18 Jahre Minenleben) geschätzt wird, ist Panguna einer der weltweit größten Produzenten Potenzial beider Metalle. 

 

07.04.2011
Source: Post-Courier

http://bougainville-copper.eu/news-april-2011.html

By FABIAN GHATANA

 Martin Miriori

A KEY architect in the Bougainville peace process has strongly appealed to all stakeholders who are aggressively pushing for the re-opening of the Panguna mine to first of all consult with the people of Bougainville.
Panguna landowner Martin Miriori, who is the elder brother of the late President Joseph Kabui, said that a referendum on the re-opening of the Panguna mine and any other future mines should be conducted throughout Bougainville at the landowner level and among all Bougainvilleans.
He said that if the majority voted towards the re-opening of the mine then talks on the BCA review could go ahead.
He said this would avoid any potential problems in future.
“Surely nobody wants to see a repeat of the same problem happening again in the future due to lack of awareness and close consultation being carried out among the people.
“Therefore we must be prepared to commit all the necessary resources to approach the issue in a right way,” said Mr Miriori.
He said that the application of short-cuts on the possible re-opening of the Panguna mine should be avoided at all cost.
“Most people throughout Bougainville, particularly among the landowners, are already quietly complaining.
“They are expressing their disappointment, claiming that they are being kept in the dark as to what has been happening so far with regard to the discussions towards a possibility of re-opening the mine.
“All they get to hear is only through the media which is not good enough.
“It is important that whatever we do along the way, we must always try to move together with our people instead of a minority pushing for the re-opening of the mine in isolation from the majority.
“Having said that, I therefore want to re-assure the public that I am for the re-opening of the mine as long as we do it properly this time and negotiate the best possible deal for our people,” said Mr Miriori

http://stocknessmonster.com/news-item?S=BOC&E=ASX&N=313532

Die Reserven haben den Wert von 100 USD pro BOC Share überschritten.