Trading Bougainville Copper (ADRs) 867948
260511Bougainville to benefit from Panguna Mine
News release:
Minister for Bougainville Affairs Fidelis Semoso has revealed that Panguna mine, if re-opened, has the potential to bring in K14 million for landowners yearly and K700 million in revenue per annum.
Honorable Semoso said this was based on information gathered from international economic experts who had dealt with the Panguna mine.
He said from the 19.1 percent shares being considered openly by the national government and ABG, K9.2 billion could potentially set to benefit ABG.
Honorable Semoso added that everybody would benefit, compared to the last mine operation and its landowner packages.
Es einfach nur mit Gier oder Egoismus zu bezeichnen trifft die Sache nur zum Teil. Die Landbesitzer sind ja nicht blöd: Sie wissen das der Betrieb der Mine auch negative Seiten hat. Eine Kupfermine ist nun mal eine Sauerei, grob gesprochen. Da ist dann das Wasser versaut, um nur einen Aspekt zu nennen. Die Größte, Chuquicamata in Chile hat weite Teile des Landes vergiftet. http://www.geo.de/GEO/kultur/geo_tv/52097.html
Und so ganz ohne Grund fand ja auch nicht der Bürgerkrieg auf Bougainville statt.
Gut, inzwischen gibt es umweltfreundlichere Abbaumethoden. Aber das den später Betroffenen zu verklickern ist - quite a job, so to speak.
von Thomas Godt
Freitag 27.05.2011, 09:11 Uhr
London (BoerseGo.de) – Im frühen Handel kann der drei-Monats-Kontrakt auf Kupfer an der LME deutlich zulegen. Am Morgen werden9.193 US-Dollar je Tonne bezahlt, das sind 1,16 Prozent mehr als am Vortag. „Es kamen Kauforders, als der Euro stärker wurde“, beobachtete ein Händler laut Reuters. Kupfer hat dabei wider Erwarten die Range von 8.975 bis 9.135 je Tonne verlassen. Zunächst hatten Marktteilnehmer gesagt, diese Range habe angesichts des anstehenden Feiertages in den USA am Montag Bestand, weil niemand auf dem falschen Fuß erwischt werden wolle.
Wird hinter den Kulissen schon an der Finanzierung gebastelt????
"Bougainville Copper, Australian mining giant Rio Tinto’s subsidiary, has said it is talking to investors for the first time in two decades about restarting operations in the Panguna Mines."
Twenty years after the civil war closed down lucrative copper mining in Papua New Guinea’s Bougainville province, there are indications activity might resume. But it is unlikely to happen any time soon – it might take between three and five years.
Bougainville Copper, Australian mining giant Rio Tinto’s subsidiary, has said it is talking to investors for the first time in two decades about restarting operations in the Panguna Mines.
Having learned hard lessons from its previous experience, the company now wants local communities and the Bougainville autonomous government’s leadership to play the lead role in negotiations. Talks on the Bougainville Copper Agreement are slated to begin later this year.
This time around, the mining company will have one more factor to contend with. The Australian Greens Party is insistent that Canberra must make sure that Australian companies mining in PNG – or for that matter anywhere else in the world – must be made to follow the same environmental standards that they do at home.
The final call, though, will be the PNG governments. There has been increasing concern that negotiations between the government and Australian mining companies leave out local landowners and communities from the discourse.
Nekro, man müsste alle Verantwortlichen sofort abwählen von ihrem Ämtern, wenn Sie dies nicht täten! Natürlich ist die Finanzierung etwas, an dem die Gesellschaft mit Hochdruck arbeitet! Wäre schlimm, wenn es nicht so wäre....
Betrachtet man jedoch den Kursverlauf so muss man zu dem Schluss kommen dass der Markt das vollkommen anders sieht,oder???
Zugegeben,obwohl alle in den Wiedereröffnungsprozess Involvierten sich mit positiven Statements fast überschlagen geht es in der Kernfrage "BCA Review" substanziell noch immer nicht sichtbar voran.
Erst der Beginn der Review wird zeigen dass es alle Beteiligten mit der Wiedereröffnung ernst meinen.Das ist dann der Katalysator der zu steigenden Kursen führen wird.
Bis jetzt gibt es nur BLABLA bzw. Lippenbekenntnisse.
Also ... beim Lesen Deines Posts @Nekro beschleicht mich das Gefühl, dass Dein Biorhythmus heute im Keller ist . Da ist irgendwie so etwas für Dich ungewohnt Pessimistisches zwischen den Zeilen, was den künftigen Ablauf der Ereignisse angeht.
Dass der Markt der ganzen Sache immer noch nur sehr beschränkt traut, ist doch schon seit Monaten zu beobachten. Und dass die Prognose, die hier immer mal wieder zu lesen war, nämlich die BCA Review würde bis Ende dieses Jahres fertiggestellt, sich bewahrheitet, kann man allen Ernstes wohl auch nicht mehr annehmen.
Und deshalb bröckelt der Kurs auch immer wieder ab, beim Handel von ein paar 1000 Stücken. Aber hier sind ja noch einige, die auf günstige Nachkaufkurse warten - wo immer die auch liegen sollen. Nun denn ...
http://bougainville.typepad.com/newdawn/2011/05/...it-will-not-a.html
--- "Bis jetzt gibt es nur BLABLA bzw. Lippenbekenntnisse"
So ist es wohl - im besten Falle ...
"Me’ekamui government who control the assets at Panguna and all natural resources within its borders, refute Bougainville president John Momis’ authority to enter into any understandings or agreements with Me’ekamui owned land."
Das ist der wichtigste Satz des ganzen Statements.Er liegt genau auf der Linie von Momis,BCL,PNG u. Landowners u. B´viller
Im Grunde wäre diese Initiative sehr zu begrüssen,ich glaube jedoch ehrlich gesagt nicht dass alle eingeladenen Parteien dem Aufruf folgen werden.
Aber das "Land of the Unexpected" ist immer wieder für eine Überraschung gut wie hier eindrucksvoll bewiesen wird. ;-))))
- "Im Grunde wäre diese Initiative sehr zu begrüssen,ich glaube jedoch ehrlich gesagt nicht dass alle eingeladenen Parteien dem Aufruf folgen werden."
Diesbezüglich bin ich ganz Deiner Meinung, wie sollten auch die diversen staatlichen Autoritäten einem solchen Aufruf ohne Gesichtsverlust, ohne den Verlust ihrer Autorität folgen können. Sie würden zum sofortigen Spielball der Interessengruppen - wenn sie es nicht schon längst sind.
Deshalb ist, wie schon oben gesagt, auch Deiner Feststellung "Bis jetzt gibt es nur BLABLA bzw. Lippenbekenntnisse." nichts hinzuzufügen außer: Dieses "Me’ekamui government"-BLABLA gehört in genau diese Kategorie und genauso wird noch sehr, sehr lange weiter geschwafelt werden - leider ...
Ohne Wiedereröffnung der Pangunamine keine Independance,das dürfte den allermeisten klar sein.
Momis & Co ist bewusst dass ihnen die Zeit davonläuft.
Taylor letzte Woche in Buka,demnächst (RT und / oder BCL) Experten in der Mine zweks Begutachtung der Umweltschäden deutet doch darauf hin dass sich die Situation immer mehr entspannt.
Etwas Säbelrasseln der Meekamui über "outstanding issues" wird die Wiedereröffnung nicht stoppen.
Source: Radio New Dawn on Bougainville
By AL
A planning workshop critical to ABG aligning its planning processes with the government of PNG’s Medium Term Development Plans and Millennium Development goals and strategies will end tomorrow.
Facilitated by the National Department of Planning and Monitoring, the workshop is underway at the Sharpe Memorial Center in Arawa.
The workshop is vital to enable ABG to set the phase for structuring of the ABG development plans which will assist with the draw-down of the K500 million commitment by the state to ABG over the next five years.
The workshop is attended by staff of department of national planning,
ABG divisional Chief Executive Officers, Regional Commissioners,
District Executive Managers, First Secretaries, and development
partners including AusAid and UNDP personnel.
By GORETHY KENNETH
A NEW Caledonian based vessel chattered by Indonesian tycoons is stranded in Arawa after locals conned them over scrap metal business operations in the region.
The vessel arrived on the shores of Arawa, berthing at Loloho for the last three weeks with no-one to receive them.
But a crew member last week told the Post-Courier that one of the local men emailed pictures of piles of scrap metals at Loloho in January to the owner of the company that chattered the vessel. The pictures and the information provided to the Indonesian tycoon detailed more than 10 piles of scrap metals and the agents to contact, including a particular Bougainvillean who made communication with them to start the negotiations for the scrap metal operations.
“And with those pictures, our boss fell for the trap and made arrangements to travel to Loloho to pick the scrap metal, without checking with the authorities on the ground. Our boss had to hire this ship from New Caledonia and then we find there is nothing.We were very disappointed because the metals have disappeared and someone else is in charge of the ones now at the Loloho wharf,” they said
There are two groups of local agents cleaning up Loloho, in preparations for any negotiations. One of the groups are those legally instituted by the ABG on behalf of BCL/Rio Tinto, while the other is a private run company with connections abroad to help clean up the same place as well.
By GORETHY KENNETH
ABOUT 10 candidates with less than 1000 votes for the North Bougainville Open Seat by-election would have been eliminated by this morning.
Last night, up until 9pm, counting and polling officials were carrying out quality check on ballot papers to ensure they were balanced with the figures put out in public.
This was after counting was disrupted over the weekend because of disputes over several ballots boxes from mainland Selau and Tinputz.
Scrutineers of a candidate petitioned returning officer/election manager Reitama Taravaru over two boxes in Selau and Tinputs and the issue was brought about again over the weekend.
While this was going on, several supporters of other candidates were allegedly seen with guns, purportedly for security reasons.
It was also alleged that a certain candidate was conniving with Mr Taravaru through secret meetings during the counting but outside the counting area.
But Taravaru has brushed aside the allegations, claiming the “maclicious” story was not true.
Meanwhile, the scores for the candidates before the quality check and elimination process were as follows: independent candidate Lauta Atoi at 5,858 votes followed by Peoples Democratic Movement’s Damien Kora at 3,265 votes, Peoples National Congress man Donald Hamao was trailing closely with 3,194 votes. Lone female candidate Rachel Opeti Konaka was trailing fifth with 1768 votes after Lawrence Belleh with 1919 votes.
Mr Taravaru said last night, the absolute majority was 13, 541 votes which none of the candidates had.
There were a total of 27,951 ballot papers issued, which indicated the number of people that voted.
It is expected that the new Member for North Bougainville would be announced tomorrow.
http://www.godmode-trader.de/nachricht/,a2553728.html
von Thomas Godt
Dienstag 31.05.2011, 10:31 Uhr
Frankfurt (BoerseGo.de) – Nach Ansicht von Petra Kühl, Fondsmanagerin des AllianzRCM Rohstofffonds, dürfte sich der Preis für Kupfer an den Terminmärkten weiter erholen. Kühl sagte gegenüber Platow Rohstoffe:" die Lager in China scheinen sich zu leeren, gleichzeitig steig die Inlandsnachfrage prozentual zweistellig". Das könnte, so Kühl weiter, dazu führen, dass die Chinesen gezwungen seien könnten, ihr Kaufzurückhaltung aufzugeben. Am Dienstag zieht der Kupferpreis im frühen Handel an der LME an auf 9.253 US-Dollar je Tonne, ein Plus von mehr als 0,4 Prozent.
THE number of sex workers operating in Buka and Arawa is on the rise and there is less attention from authorities on the issue.
A non government organisation working on the issue of women and sexual violence confirmed last week that there were definitely sex workers operating in Bougainville.
“It’s here, and they are sex workers here. We just have to accept the fact that there are sex workers in Buka and Arawa,” the NGO boss said.
“We are not paying attention to these people because, yes, it is their personal life style but it has to stop somehow and those involved need counselling and some help.
“We have a lot land to work on, copra, cocoa, but then again, lifestyle has changed, Buka is full of people from all over Bougainville and outside and when it comes to talking about farming, agriculture or smallscale business to make a living, I guess they see sex work as the fastest way to make money.”
The NGO group could not disclose its identity because of the sensitivity of the issue and because they are trying to maintain the confidentiality in dealing with some of these women.
The Post-Courier spoke to one of the young sex workers from mainland Bougainville a month ago and again recently – she’s only 20 but has businessmen and professional workers as clients.
For two occasions, the paper spoke to her, once in April and just recently, very shy to talk but content as she claimed that was her way of earning a living.
“I finished school because my mother couldn’t pay my school fee,” Sylvia (not her real name) told the Post Courier.
She briefly said she likes the gadgets the clients give her (mobile, ear rings, expensive things) and the money they can provide for her whenever she needs it.
The paper has also spoken to two of these workers secretly Martha and Ralien (not their real names) who live in Buka – one is a “home scholar” as she puts it and another a public servant who says times are tough, goods and services prices are on the rise, school fee is on the rise, husband is also womanising and there is not enough to cater for family.
“It’s quick money, husband stays at home looking after our kid and I tell him I am off to town to work for some money. He doesn’t know what I do as long as I send home food, money and whatever he wants from the money I get from my operations,” Martha (not her real name) said.
Ralien works at a reputable ABG division in Buka. I met her at Kuri and again at Melannies nightclub several weeks back.
Last week, she confessed that she was a sex worker and that she wanted to end that role (sex work) but said she blamed the government for underpaying her as she was struggling to fend for her family.
She is not from Buka Island, but a mainland Bougainvillean working in Buka.