Trading Bougainville Copper (ADRs) 867948

http://www.news.com.au/business/breaking-news/...frfkur-1226058072567

Das bevorzugte Modell der Landeigner für die Finanzierung der Wiedereröffnung der Panguna-Mine. ;-)))

RIO Tinto Ltd says it has priced $US2 billion ($1.88 billion) of fixed rate bonds, comprising $US700 million of five-year, $US1 billion of 10-year and $US300 billion of 30-year SEC-registered securities.
The bonds will be issued by Rio Tinto Finance (USA) Ltd and will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Ltd.

The five-year notes pay a coupon rate of 2.5 per cent and will mature on 20 May 2016, the 10-year notes pay a coupon rate of 4.125 per cent and will mature on May 20, 2021.

The 30-year notes mature on November 2, 2040 and constitute a further issuance of the $500 million principal amount of the 5.2 per cent notes due 2040 that were issued on November 2, 2010.

Upon issuance of the bonds, $800 million of the 5.2 per cent notes due in 2040 will be outstanding.



Read more: http://www.news.com.au/business/breaking-news/...072567#ixzz1MklaJCBi

Mini Kauforder über 10.8K bewirken eine Kurssteigerung von 10.8%

Wo landen wir wenn nach Abschluss der BCA Review die Wiedereröffnung offiziell beschlossen wird u. die Nachfrage in die Millionen steigt? ;-))))))))))))))))

Fotos von Peter Taylor und Paul Coleman auf Bougainville sowie viele Reports auf www.bougainville-copper.eu !

News
Bougainville Copper to reopen PNG mine
By Jessica Burke on  19 May 2011 0 comments  The Panguna copper mine on the Papua New Guinea island of Bougainville could reopen within five years.

The operators of the mine, Rio Tinto subsidiary Bougainville Copper has learnt from past mistakes and will take a new approach to running the mine, according to chairman Peter Taylor.

Taylor made the comments at the recent Papua New Guinea Australia Business Forum.

In April it was reported that the company was considering reopening the controversial mine.

The mine was closed due to the civil war two decades ago and Taylor said the company wants landowners and Bougainville’s autonomous government to have involvement in the planning and profits from the operation.

He has outlined a timeframe of three to five years for the mine to reopen, but cautioned that despite the progress in the country, there will still be issues to deal with.

The company hopes to get talks on the Bougainville Copper Agreement underway this year.

Australian Greens Leader Bob Brown has given his opinion on Australian companies operating in PNG, saying they should have to operate under the same environmental standards abroad as they do locally.

He told Pacific Beat the responsibility lies with the PN government to outline the rules and restrictions on Australian companies operating there.

"We should have a requirement that Australian corporations acting overseas - whether it's in PNG or Bolivia - act according to Australian standards," he said.

"We require that as citizens, and we should require it of mining corporations.

"Secondly, Australian companies need to be much more open about the environmental standards that they are agreeing to in PNG, about the exchange of moneys that occurs in the political arena in PNG.

"There is concern that you can negotiate mining licenses in PNG if you have enough money."

Brown believes the concerns of local landowners in the country are being overlooked.

"[There's] a lot of concern by landowners that they just don't have a say - that they're being sidelined by the powerful connections between Australian mining companies and the governments of the day in PNG.
Quelle australien mines  

http://www.radioaustralianews.net.au/stories/...5/3221452.htm?desktop

Jemima Garrett

Last Updated: 9 hours 19 minutes ago

A former prime minister of Papua New Guinea says he accepted a directorship on the board of Bougainville Copper because it's important the company has a PNG voice.

Sir Rabbie Namaliu was appointed to the board earlier this year as it became clear that talks on the reopening of the Panguna mine are set to begin.

The mine was closed in 1989 after it had sparked a decade-long civil war on the island.

Sir Rabbie, who led PNG from 1988 to 1992, says he thought long and hard before accepting the directorship and consulted widely on the matter.

He says he took on the post because Bougainville needs all the help it can get to restore services in the lead up to a referendum on independence

VOL 30K

http://bougainville.typepad.com/newdawn/2011/05/...-this-morning.html

By Aloysius Laukai

The Australia and PNG Business Council delegation arrived in Buka this morning for a one-day visit to the Autonomous Bougainville Region.
The 20 member delegation was led by the PETER TAYLOR the chairman of RIO TINTO owned Bougainville Copper Limited and a Bougainvillean Paul Nerau who is the PNG Business Representative based in Brisbane, Australia.

According to the program, the delegation will meet the ABG President at 0930hrs this morning and then meet the ABG Mining Minister, MICHAEL ONI at 1030am before meeting the Bougainville Business Association.

The group leaves Buka for Port Moresby tomorrow morning.

The group were welcomed by a traditional welcome ritual of washing feet and were also welcomed by the Acting President, PATRICK NISIRA at the Buka airport.

Pictured in Buka are from (left to right) ABG Vice President Patrick Nisira,Peter Taylor,ABG President Chief John Momis,Paul Coleman and Paul Nerau

 
 

Ist ja richtige Kaufpanik. Dreissigtausend, hä?  

............ist schon das halbe "Reconciliation Meeting" zwischen Bougainville u. BCL  ;-)))))))))))))))))))))

..........distribution to clients only.

Summary

·                  In these forecasts we express our bullishness on copper and iron ore in particular (relative to consensus), and turn bullish on zinc. We expect sentiment in the very short term (the coming month) will remain weak, and our recommendation is for investors with 3-12 month time horizons to buy iron ore and copper, as well as zinc, platinum and molybdenum over the coming 1-2 months.

·                  We are structurally very bullish on the outlook for further commodity-intensive Chinese growth, expect rising costs will steepen most commodity cost curves supporting strong pricing over the medium term, and believe that any slowdown in growth in 2Q11 and 3Q11 will be temporary and short-lived.

·                  The prolonged need for Chinese domestic supply and strong levels of industry cost inflation have led us to make significant upgrades to our iron ore price profile across the short, medium and long term. We now expect the iron ore price will trade between $150/t and $190/t over the next three years (down slightly in near term and rebound through 3Q) and believe rising capital intensity for new projects has necessitated a rise in the long-term price to $80/t CFR China (real basis).

·                  We expect that copper will rise strongly through 2H11 and 1H12 and average $5/lb in 2H11 and $5.50/lb in 1H12, from current spot prices of ~$4/lb. In particular, we have pushed out our peak copper price from 2H11 to 1H12, owing to higher-than-expected scrap availability over the past six months.

·                  We have become bullish on zinc post sell-off (previous view bearish) as the price is restricting Chinese supply growth at these levels, and physical premiums show the market is tightening up.

·                  Taking a 6-12 month view we are particularly bearish on nickel (strong supply growth prospects) and aluminium (expect relative underperformance, as eventually LIBOR rates will rise and off-LME stocks will become available, and LME warehouse withdrawal limits could also change on May 27th).

·                  Our concern in the very short term (the next month) is that sentiment toward commodities could be negatively impacted by a) the release of slowing Chinese growth in industrial output and end-use consumption – it is important to note this data is lagging as the slowdown has already happened on the ground (credit availability has been tightened since the beginning of the year), b) a potentially weak June 1 China PMI data point – our China economist expects the Chinese PMI could read sub 50, c) fears about the impact of the end to QE2 on the US dollar. Part or all of these macroeconomic concerns may already be factored following the recent metals sell-off.

http://www.godmode-trader.de/nachricht/...ine-Atempause,a2544409.html

von Thomas Godt

Donnerstag 19.05.2011, 10:28 Uhr


London (BoerseGo.de) – Nach dem Gipfelsturm vom Vortag legt Kupfer am Donnerstag zunächst einmal eine Pause ein. Im frühen Handel notiert der drei-Monats-Kontrakt aber immer noch über der 9.000-Dollar-Marke bei 9.010 US-Dollar je Tonne. „Der Mark ist etwas hin – und hergerissen, sagt Jonathan Barratt von Commodity Broking Services gegenüber Reuters. „Auf der einen Seite ist Asien, mit den Bemühungen, die Entwicklung abzukühlen, auf der anderen Seite Europa und die USA, wo man versucht die Wirtschaft auf Wachstumskurs zu trimmen. Technisch ist Kupfer auf dem Weg die 9.141 Dollar-Marke zu erreichen, sagt Reuters-Analyst Wang Tao. Zur Vorsicht auf kurze Sicht rät MF Global. Rohstoffe seien derzeit fünf bis zehn Prozent überbewertet, auf Jahressicht werden die Preise aber 10 bis 20 Prozent höher sein als jetzt, sagte MF Global-Rohstoff-Chef Fred Demler gegenüber Reuters

 

- Was sagen unsere Charttechniker?

 

Entweder sind sie mit aufwändigen und zeitraubenden Analysen beschäftigt ... oder sie trauen sich nicht mehr

 

... aber ich versuch mich mal:

Kurzfristiger Abwärtstrend beendet, nächster (kleinerer?) Widerstand bei 1,24Euro - richtig?

Aber dann rein charttechnisch wie weiter????  

bei unserem Wert kann man größtenteils nichts damit anfangen, da hier je nach Nachrichtenlage die Richtung bestimmt wird...

Und die sieht gut aus :D

BCL.reloaded  

Hast wahrscheinlich Recht....  

Former PNG PM Sir Rabbie explains why he joins BCL  

Updated May 19, 2011 17:10:01

A former PNG prime minister, Sir Rabbie Namaliu says he  accepted a directorship on the board of Bougainville Copper Limited  because it's important that the company has a local voice on its highest  decision-making body.

Sir Rabbie was appointed a director  earlier this year as it became clear that talks for the reopening of the  troubled mine are set to begin.

He was PNG's prime minister during the first 4 years of the decade-long civil war on Bougainville.

In  1997, Sir Rabbie played a mediating role between then Prime Minister  Sir Julius Chan and the head of the PNG Defence Force, Jerry Singirok,  after Sir Julius sent mercenaries to Bougainville in what became known  as the sandline affair.

He spoke to us about his decision to join the BCL Board.

Presenter: Jemima Garrett, Radio Australia's Pacific Economic and Business reporter
Speaker: Sir Rabbie Namaliu, Bougainville Copper Limited board member and former PNG PM

 

NAMALIU: It took me a long time to accept it basically because of my  own involvement in the crisis, and I didn't feel comfortable enough for a  while to accept the appointment when it was first offered. But having  obviously thought through it for a while and consulted a number of  people, I felt at this important stage of Bougainville's development  when they need all the help that they can get to restore services in the  province, to rehabilitate the autonomous region rather, that it was  important that there was a Papua New Guinean voice on the board, and I  was approached for that role. So in the end I accepted it on that basis.

GARRETT:  The peace process on Bougainville is ten years old and we're now into  the second term of the autonomous government of Bougainville. Just how  much of an economic bounce back has there been there?

NAMALIU: I  think Bougainville considering the circumstances that they've had to  deal with over the past 20 years is now at a point where it's bouncing  back. It's restoring its agricultural sector, it's attracting private  investment in, they're now talking about introducing oil palm for  instance, cocoa rehabilitation has now been going on for a while and  copra, the two mainstays of the economy over there, apart from the mine  itself. So increasingly more and more people on Bougainville are now  getting themselves involved in agricultural production especially. But  not just that, alluvial gold mining has picked up, that's something that  didn't exist to the extent that it does now, and it's giving people in  Bougainville an opportunity to be involved in a sector or a mining  activity which not too many of them were involved in previously, so  that's giving them a boost in terms of incomes, but also in terms of  building up another aspect of the economy, which was not that developed  before. Plus you have new crops being introduced like rice, and that  seems to be growing as well as other innovations that didn't exist, but  have now been developed out of necessity by people in Bougainville, and  that's a good thing. I think it augers well for the future of  Bougainville, but obviously Bougainville needs a lot of help and they're  getting some of that from the Australian government obviously, from  Japan, from the European Union and the national government is trying its  best, but I think the national government needs to do more to assist  the Autonomous Region of Bougainville, particularly in view of the fact  that there is a referendum coming up in the next ten-15 years which will  be crucial to determining whether it remains part of Papua New Guinea  or not.

GARRETT: Bougainville President John Momis says the vast  majority of Bougainvilleans want the Panguna mine to reopen. What's your  assessment of the situation?

NAMALIU: Yeah well I think what  he's saying obviously reflects the growing consensus that's developing  in Bougainville, especially amongst landowner groups that Panguna should  be reopened. But obviously it is important that this issue is addressed  b y the autonomous government and the landowners and the people of  Bougainville in a way that the reopening of the mine can only happen  when they're ready for it. It cannot be forced from outside, not even by  the national government, and that's the good thing that's happening on  the ground now that it is coming from Bougainville, from the autonomous  government, as well as from the landowners and the people of  Bougainville themselves. And obviously there's a growing anticipation to  ensuring that before it is reopened that the arrangements for future  reopening of the mine are reviewed with a view to ensuring that it meets  their aspirations.

GARRETT: Why has there been such a dramatic change of heart on the reopening of the mine?

NAMALIU:  I think they have obviously come to the view that getting Panguna going  again will provide a major catalyst to the rebuilding of Bougainville.  You need a major shot in the arm like the reopening to really provide a  catalyst to do that. And that seems to one of the underlying reasons for  it.

GARRETT: There still are strong opponents of reopening of the mine. Do they pose a threat to the project?

NAMALIU:  I think that it's really something that has to be dealt with on the  ground by the autonomous government as well as the landowners, and it  appears to me that from outside that the objective really is to make  sure that everyone that should be involved in the process is involved,  including those that may still be opposed to reopening, so that once a  final decision is made to move forward at least you've got all the major  stakeholders agreeing that that's the way to go.

GARRETT: Many  of the opponents of reopening of the mine are hardliners. Is it possible  to contain people like that even if the majority do agree with the  reopening of the mine?

NAMALIU: Well I think the statements that  have been coming out recently, even from hardliners, seem to suggest  that they want to reconcile, they want to be involved, but they want to  make sure that this is done in a way that involves the autonomous  government, that they have to have enough trust and faith in them to sit  down and discuss and be involved in discussions that will hopefully  eventually lead them to being part of this whole process.

Quelle: http://www.radioaustralia.net.au/pacbeat/stories/201105/s3221615.htm

 

 

Frieda  mine could be one of world’s best

http://www.thenational.com.pg/?q=node/19551

Vergleichbar mit Panguna

1,17 €; Umsatz  54.230 St.   !!!  

 

http://www.godmode-trader.de/nachricht/...9000-gelungen,a2545423.html

I talked to ABG mining minister last night and infact they were at  President's'residence partying with John Taylor. I told him "wokim na wokim gut"  I don't beat around. I'm watching and me and our people at Panguna and the rest  of mining affected areas will have the last say. We no fools anymore

kannst du dieses posting bitte erläutern/komplettieren
danke  

200511APNGBC visit a success
By AL
Members of the Australia-PNG Business Council (APNGBC) returned to Port Moresby today satisfied at the potential to invest in Bougainville after having met with e Autonomous Bougainville Government (ABG) and the business community leaders yesterday in Buka.
Led by chairman of APNGBC Peter Taylor, the team spent yesterday learning from and exchanging views with the Bougainville government and business representatives on what the opportunities are of doing business in the autonomous region.

Taylor, who was emotional when he stepped on Bougainville soil for the first time since 1987, said he was very honoured to be back in Bougainville upon the invitation of ABG president John Momis.
He said he had not imagined that he would be returning to Bougainville leading a business delegation.
He added that APNGBC had set a precedent by sending a team for the first time to Bougainville or any other province in PNG.
Taylor said it was wonderful to hear the ABG leaders and the local business community repeat Momis’ invitation that Bougainville is open for business.
Taylor was accompanied by 19 other members who he described as the ‘A’ team as they fairly represented Australian investors in banking, mining, tourism, trade and industry and exploration.
He added that the visiting delegates were very important for the betterment of Bougainville.  

Nach dem offiziellen Teil der Visite wurden PT & PC von JM zu Privatgesprächen in seine Residenz eingeladen.

http://www.focus.de/panorama/vermischtes/...handel-ab_aid_629393.html

20.05.2011 – Am Montag beginnt ein neues Kapitel für die Frankfurter Wertpapierbörse. Künftig werden Kauf- und Verkaufsaufträge für Aktien und Anleihen ausschließlich über das vollelektronische Xetra-System abgewickelt werden. Diese Umstellung bedeutet das Ende für den klassischen, maklergestützten Parketthandel...........