Trading Bougainville Copper (ADRs) 867948

http://islandsbusiness.com/news/papua-new-guinea/...-re-open-panguna/  

http://namorong.blogspot.de/2013/04/...joins-bougainville-copper.html
[Mit Fotos]

Tuesday, April 9, 2013
Dame Carol re-joins Bougainville Copper Board #PNG

Former politician Dame Carol Kidu was re-elected yesterday by the shareholders of Bougainville Copper Limited (BCL) for another term in on the BCL Board. Dame Carol said she hoped to bring to the board her experiences in addressing social issues in order to make BCL more responsive to its corporate social responsibilities.

Bougainville Copper Limited was the company that disastrously mined Panguna in the late 1970s and 80s, leading to a major civil war on the island of Bougainville where about 20 000 Bougainvilleans lost  their lives in a subsequent PNG Government blockade. Its major shareholder, Rio Tinto, is currently facing litigation in the United States regarding its role in the Bougainville Conflict.

BCL has been invited back into the Autonomous region of Bougainville following cessation of violence in the mid-1990s. It will be setting up an office at Arawa in Central Bougainville. BCL is also funding communications infrastructure on Bougainville.  

...... Bougainville province

http://www.rnzi.com/pages/news.php?op=read&id=75166

Posted at 03:34 on 09 April, 2013 UTC

Human rights activists in the autonomous Papua New Guinea province of Bougainville have called for a renewed effort to remove guns from the community.

This comes after last week"s brutal killing of a woman leader, Helen Rumbali, in south Bougainville.

The perpetrators had accused Mrs Rumbali of sorcery but the chair of the North Bougainville Human Rights Commission, Helen Hakena, says a protest march on Monday was told the attackers were driven by jealousy of the Rumbali family.

Police have promised to catch the killers while Ms Hakena says the marchers want a total disarmament of the province.

   "Because when we see guns - there are so many guns, like guns have come out into the open again after the incident last week on Friday, so we are calling on the Government to send police to investigate and at the same time to remove all the guns that are still in circulation here in Bougainville."

Helen Hakena.

A gun free Bougainville is necessary before the province can conduct a referendum on possible independence, as allowed for under the Peace Agreement.

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

Im Sept 2013 wird der PNG-Anteil an BOC in die KUMUL Holding übertragen:

                    §
Watching the developments of Kumul Holdings and IPBC


Major Restructure – Only One Person will own special Share and VETO POWER over the 7.5 million people’s Resources and their State Owned Enterprises.

Petromin, IPBC and other State Owned Enterprises to be merged and all powers will be transferred to 3 Kumul Holdings and Only One Person will have SPECIAL SHARE and VETO POWER to control it.

The article on Sunday Chronicle about the major restructure can not be read unseen. Although the idea about the major restructure seems appealing, it may result in totalitarian control now or in the long run. And also peoples’ powers and resources concentrated into a single body to manipulate may easily give raise to a dictatorship.

It may seem like merging a large system will make it easy for only few people to control it but it could also result in inefficiency and unproductively. Who knows, the result might be a single point of failure.

I know that Prime Minister Peter O’Neill has good motives behind this new restructure but we must also foresee what could possibly happen if people with negative motive get into power.  It’s the country’s resources and its investment through its business arms that give its economy power.

If one person controls it then he controls everything.  However, it’s obvious for a true patriot of this beloved Nation to see that there is no room for totalitarian and dictatorship type of government in this Nation of Nations.

Finally but not the least, how could a Prime Minister, the servant of the Nation who has sworn an oath to serve the interest of this Nation with its 7.5 million people merge the country’s resource and State Owned Enterprises and then buy shares in it again?

This will result in conflict of interest as the prime minister will now try to run the country has its own business while trying to serve the interest of the people. Obviously, in this scenario, business will take precedence.

AS a leader of this beautiful Nation with its 7.5 million people, the most sensible and humble thing to do is to buy shares for the 7.5 million people of this Nation so they too can become financial share holders of their resources and State Owned Enterprises.

How can the 7.5 million people benefit from shares owned by serving prime minister and former prime ministers? The prime minister should be a servant serving the interest of the people not owning shares out of the people’s resources and State owned enterprises.

This country is dying of a true servant leader. True Leaders are leaders who gave up their own life for the common good of humanity. These are individuals who gave up their personal dreams, businesses, families, qualifications, jobs, etc, for what they believe will benefit their people.  

Und was bedeutet KUMUL für Die ESBC ?  

... PNG hält einen großen Anteil an BOC-Aktien . Diese sollen an Bougainville übertragen werden. Dies wird schon seit längerem erwartet. Da der PNG Anteil nun im Sept 2013 an KUMUL übertragen wird, werden die Bougainviller sich wohl (leider) noch weiter gedulden müssen ..  

 

http://bougainville.typepad.com/newdawn/2013/04/...by-aloysius-1.html

Schon wieder?  

Quelle: 09.04.2013 Islands Business/

inhaltlich das gleiche  heute 10.04.2013 ein Artikel Radio New Zealand International

( leider auch der selbe Fehler bezgl. den Kosten. Da schreibt wahrscheinlich auch nur einer von dem anderen ab. ;-))))))))

wobei die Angabe der benötigten Arbeitsplätze realistisch sein dürfte.


Bougainville Copper Limited set to re-open Panguna mine


BUKA, Bougainville --- Bougainville Copper Limited (BCL) announced yesterday that it is ready to re-open the Panguna mine in Bougainville at its annual general meeting (AGM).

The company has estimated that it will cost about K11 million ($US5.2 million)to start-up the mine and it will take about six years to start production.

According to chairman, Peter Taylor, BCL conducted an Order of Magnitude Study (OMS) last year and the key findings revealed that the project is economically viable, based on key assumptions of mining up to 100 million tonnes of copper per year and processing up to 60 million tonnes of ore per year.

“The capital cost is high at $US5.2 million (K11 million) and it has been assumed that most mine site facilities will need to be replaced,” Taylor said in his opening statement.

He said the study considered a wider range of development and production options, including higher mining and processing rates, alternative power, infrastructure and tailings options.

“I emphasise the study has a degree of accuracy of positive or negative 30 per cent and is not a substitute for the feasibility study that will be needed to support redevelopment,” he said.

He said the mine has the potential to process 60 million tonnes of ore per annum, a similar rate that it achieved prior to the mine being suspended.

“The project is very dependent on copper and gold prices. Lower metal prices may still be economically viable but the cut off grade would have to rise and the size of the resources would reduce, as would mine life,” Taylor said.

He said the study revealed that the mine life would be approximately 24 years.

Taylor also said although the study was based on particular assumptions and infrastructure, there are many choices and final decisions that have to be made.

“The study assumes a workforce of approximately 2500 direct employees,” he said.

“These options will be given more detailed attention at the appropriate time and in consultation with government regulators and landowners,” he added.

He said the purpose of the study was to determine the technical and financial feasibility of redeveloping the Panguna operation.

The study does not address landowner, community, the Autonomous Bougainville Government (ABG) and the PNG government’s issues and considerations,Taylor said.

He said the relationship between ABG and BCL was cordial and engaged.

“President Momis maintains his support for the reopening of the mine,” Taylor said.

A series of regional forums are being held across Bougainville to allow all stakeholders to discuss the re-opening of the Panguna mine.

Meanwhile, Dame Carol Kidu was voted to the board of directors of BCL.  

New office to weed out the quick buck merchants

Quelle : RADIO NEW ZEALAND INTERNATIONAL


THERE ARE HOPES that a new investment office planned for Bougainville will weed out entrepreneurs trying to make a quick buck from the island's rich resources.

New Zealand company Tuia International has helped the Bougainville government set up an investment strategy and office which will attract responsible investment to the autonomous province.

The development of Bougainville’s resources has caused contention in the past, with conflict over the huge Panguna mine sparking a decade long civil war.

A director of Tuia International, Tim Gibson, said there has been little activity to date from good investors.

“Not many responsible investors are knocking on their doors,” he said. “There are a lot of people who are going up there to try and make a quick buck and take advantage of them.

“We are hoping though that the fact that they are going to have a regime which is clear and transparent with rules around it will encourage responsible investors who can see the potential.”

Mr Gibson says the operation is ready to go once legislation is passed, expected in June this year  

........ for more funds from PNG

http://www.rnzi.com/pages/news.php?op=read&id=75190

Posted at 03:54 on 10 April, 2013 UTC

The acting president of the Autonomous Bougainville Government, Patrick Nisira, says he is trying to lobby both his government and the national government of Papua New Guinea for more funding to assist the Bougainville police force.

Mr Nisira is also the minister of police and says he is deeply concerned about recent sorcery-related killings in the region and believes it is getting worse.

He says it is difficult for the police to get a handle on the situation because the force lacks manpower, vehicles, arms and communication equipment.

Mr Nisira says he will try to convince both governments that law and order is an ’impact’ project.

   “The best thing that I can do for them for my men is to lobby for more funding from the national government and the ABG. Unfortunately there are some politicians in Bougainville and the national government they don’t see policing as an impact project and I’m trying my best to convince both governments to understand that law and order is an impact project.”

Patrick Nisira says the perpetrators of last week’s brutal killing of a woman leader in south Bougainville, are still at large.

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

http://finance.moneyandmarkets.com/reports/SMR/...TRAT&ec=5547102

"this country will be ruined."  

Goldman Sachs ... Bank of America ... Morgan Stanley ...  Royal Bank of Scotland ... JPMorgan ... and Oppenheimer Funds are all warning that it could bankrupt millions  of investors.

http://www.pngindustrynews.net/...ryid=798351036&sectionsource=s0

Mining regime needed for Bougainville PFS
Blair Price
Wednesday, 10 April 2013

AMID progress on various fronts, Bougainville Copper Limited will not commit to a prefeasibility study for the $US5 billion-plus project of reopening the Panguna copper-gold mine until a stable regulatory regime is in place.

Graphic model of a re-opened Panguna pit courtesy of Bougainville Copper Limited.

Partly in the jurisdiction of the Autonomous Bougainville Government, which received this level of independence from the Papua New Guinean government after years of war following the closure of the Panguna mine in 1989, a return to operations still needs the outdated Bougainville Copper Act of PNG’s Parliament to be repealed or modified.

The ABG will also need to introduce mining laws, with its draft policy already winning considerable local support.

At the annual general meeting, BCL chairman Peter Taylor reiterated how a return to mining would require the company, landowners and the PNG and ABG governments to make a united effort.

“The next technical work, a prefeasibility study on reopening the mine, will be very expensive, so certainty is needed that a workable mining regime and conditions will be put in place before committing the funds,” Taylor said.

Yet BCL is stepping up its efforts with plans to open an office in the largest settlement of Arawa in Central Bougainville and to pour funding into radio broadcasting infrastructure.

“It is not a BCL radio network but rather a public facility, accessed by local broadcasters and the ABG,” Taylor said.

“Because it is on satellite, the messages can also be heard across Papua New Guinea, giving voice to the deliberations and discussions taking place on Bougainville.”

While Taylor said it would take 6-7 years and an estimated $5.2 billion to redevelop the mine once a community and government-acceptable mining regime was in place, there could be some oversights as BCL was yet to regain site access.

A computer graphic model of a conceptual open pit was presented along with map locations for a possible tailings storage dam or a separate Jaba River tailings dam.

Ultimately the tailings solution, along with power supply options which may include a combination of coal-fired and hydroelectricity, will be important components of the PFS if it is sanctioned.

The order of magnitude study announced in February, which Taylor warned had a 30% degree of possible inaccuracy with the project very dependent on “robust” long-term metal prices, increased targeted resources by 70% to 1.8 billion tonnes.

It also lifted contained metal estimates by 50% to 19 million ounces of gold and more than 5 million tonnes of copper compared to the previous 2009 estimate.

The base case assumption was based on mining 2.2Bt at a rate of 100 million tonnes per annum and processing 60Mtpa of ore grade material for 180,000 tonnes of copper and 580,000oz gold annually.

This rate would produce a total of 4.2Mt of copper and 13.9Moz of gold over a projected mine life of 24 years.

Panguna was the world’s fourth-biggest copper mine in the months before it closed in 1989 and had produced 9.3Moz of gold and 3Mt of copper from 1972.  

Team visiting the mine site

http://bougainville.typepad.com/newdawn/2013/04/...the-mine-site.html

By Aloysius Laukai in Arawa
The second day of the Bougainville Autonomy Review team in Central Bougainville was very fruitful as they met with the most powerful stakeholders in Central Bougainvlle at the Arawa United Church.
The meeting in Arawa was attended by both former and current ABG members and Ministers and senior Commanders from the Bougainville conflict and they contributed fully in responding to the queries of the team.
The Arawa meeting was the biggest group in which the review team met in its consultations so far.
Because the groups was too large they were separated so that they can be free to give out there own opinions.
The groups were seperated into four groups like Women,Coes and Administration,Excombatants and the churches and the NGOs.
The meeting ended with stakeholders making their presentations.  

Diese Horror-Berichterstattung passt hier nicht her. Das ist der gleiche Schrott, wie ihn auch ein deutscher (I.)-Verlag versendet, um Bücher und Börsenbriefe o.ä. mit "Empfehlungen" zu verkaufen. Die Einzigen, die dabei verdienen sind Autor und Verlag.
Warum soll übigens jemand, der so gut informiert ist, dies anderen erzählen? Warum handelt er nicht selbst und lacht sich ins Fäustchen?

Also bitte verschone uns mit solchen Links.

Danke  

Link einfach nicht anklicken.;-)))

...über die Wiedereröffnung der Panguna Mine : www.bougainville-copper.eu

http://bougainville.typepad.com/newdawn/2013/04/...sius-laukai-1.html

The Bougainville Autonomy Review Team started its consultations at the Wakunai District Office today.
In Wakunai they managed to meet the chiefs of both TERRA and RAO Coes with youth women,churches the Wakunai district office staff and the excombatants from the district.
Pictured is the Wakunai meeting.
The team would then meet with the people of Tinputz at the Tinputz District office tomorrow.

 

http://ramumine.wordpress.com/2013/04/12/...opaganda-as-news-stories/  

http://www.postcourier.com.pg/20130412/news07.htm

By WINTERFORD TOREAS

CHINESE and other foreign business owners planning of coming into Bougainville to conduct their business activities must be involved in wholesaling and manufacturing and large scale or technologically advanced business activities.
According to the vice President of the Autonomous Bougainville Government Patrick Nisira, Asians must be involved in big businesses that Bougainvilleans do not have the monetary capacity to be involved in.
Mr Nisira stressed that foreign business owners must not be involved in any retailing business activities.
He said this is to protect the interests of Bougainvillean business people and also encourage more Bougainvilleans to start up their own retailing business activities.
When asked about the future of those Chinese business owners already operating in Buka and Buin, Mr Nisira said the ABG, through the Division of Commerce and Industry, has already issued a notice
for them to operate only one retailing business, instead of moving to other locations and expanding their business activities.
He said those who fail to adhere to this directive will be given a second notification letter telling them to abide by this decision.
Mr Nisira warned that those who still fail to comply with this second directive will then be ordered to close their business and move out of Bougainville.
Mr Nisira said these Chinese business operators have also been instructed to re-invest in Bougainville instead of shipping their profits out of Bougainville.
Mr Nisira, who is also the Minister for Police, CS, Health and Law and Justice also highlighted the ABG’s policy on joint venture partnerships.
He said any foreigner, including Chinese business operators, must conduct their activities through joint venture partnerships.
Mr Nisira clarified that this joint venture partnership must involve a foreigner and a Bougainvillean, and not the foreigner with his or her Bougainvillean wife or husband.
He said at the moment foreigners, especially Chinese businessmen based in Buka are mainly involved in family businesses with their Bougainvillean wives.
Mr Nisira also expressed his support over an incident which happened recently in Arawa where a Chinese businessman was ordered out of Arawa by some locals there.
The ABG vice President has already adviced the ABG Minister for Primary Industry Nicholas Daku to urge Central Bougainvilleans not to invite Chinese businessmen into Arawa.
He also clarified that those Chinese investors now operating in Buka were not the right investors from China, but were those who had been previously conducting business activities in other parts of PNG.
Mr Nisira said the Division of Commerce and Industry is now working on a policy that will outline business activities reserved only for Bougainvilleans.  

Ich finde die aktuelle Kursentwicklung sehr logisch.

Der Absturz der letzten 12 Monate lässt sich imho auf die folgenden beiden Grütnde zurückführen.

 

a) Seitwärtsbewegung und dann seit einigen Monaten den Abwärtstrend des Goldpreises

b) Die ausbleibende Erneuerung der Minenlizenz. Kein größerer Investor kauft eine Aktiengesellschaft ohne Mining-Lizenz. Also für Fonds ist der Wert bis auf weiteres tabu!

Die vermuteten Manipulationen um dem Civelli-Clan bzw. gewisse Investmentbanken lassen mich vollkommen kalt. Wenn die Fundamentals stimmen, steigt die Aktie. Punkt.

Inhaltlich hat es in den letzten 18 Monaten weitreichende Fortschritte gegeben, formaljuristisch allerdings praktisch keine. Und daran hängt sich alles auf.

Der Markt wird es goutieren,

wenn die Mining-Lizenz neu ausgestellt und der Anfang der offiziellen BCA-Verhandlungen verkündet wird.

Nur man sollte sich dafür nicht ewig zeitlassen, angesichts der aktuell schwachen Gold- und nachlassenden Kupferpreise.

greetz

gulliver

 

sehr gut zusammengefasst und auf den 1. Blick plausibel. Mich würde aber noch Deine Einschätzung dazu interessieren:

Wie erklärst Du mir, dass sich ein Marktteilnehmer nämlich die Citicorp oder einer deren Kunden so massiv von BOC Aktien trennt, wobei im selben Zeitraum alle anderen zulegen? Und vermutlich der selbe Marktteilnehmer verkauft auch noch offensichtlich so, dass er nicht mal das erlösen möchte, was der Markt dafür bereit wäre zu zahlen!? So wie z.B. in der beigefügten Grafik. Da begnügt er sich mit 5% weniger als er bekommen könnte. Und diese Beispiele gibt es zuhauf und auch noch mit 10% und mehr Differenz. Ich schließe mal Unzurechnungsfähigkeit als Grund aus. Also bitte erklär mir, warum macht man sowas?