Trading Bougainville Copper (ADRs) 867948

haben wir noch einiges an Zeit um billige Böcke zu sammeln. ;-))  

I understand that next week a meeting is scheduled between ABG President Momis and Sam Kauona. This is the strongest sign as of yet that some kind of compromise is in the making.
Read more at http://www.stockhouse.com/bullboards/...mp;t=LIST#JHZ4J19DL16KBTTD.99

zu 0,42 will fast keiner der breiten Masse Böcke anruehren
ab 1-2 wird dann der erste boersenbrief darauf aufmerksam
und von 3-4 euro will dann jeder mitreiten. ;-)))))

http://asopa.typepad.com/asopa_people/2013/05/...ys-ex-president.html

Mining big part of Bougainville economy says ex-president - Keith Jackson & Friends: PNG ATTITUDE
asopa.typepad.com
BEN JACKSON

FORMER BOUGAINVILLE PRESIDENT, James Tanis, has said that the reopening of the Panguna copper and gold mine is important to Bougainville"s economic independence.

"The Panguna mine is an important part in enabling Bougainville to meet one of its conditions of the peace agreement," said Mr Tanis, who was president from 2009 to 2010.

"That is, on meeting financial self-reliance to demonstrate that Bougainville can survive as a nation."

Mr Tanis, also a former guerrilla commander in the Bougainville Revolutionary Army and a key player in the 2001 peace agreement, said mining was already occurring on Bougainville without providing benefits to most of the people.

"I have come to notice that there is already mining on Bougainville," he said.

"When the Panguna mine shut there are other mining activities happening on Bougainville.

"After the conflict people now know the value of the stone under the ground, so I even see small activities, panning tailings and even small interest groups doing bits and pieces.

"It has made me realise mining is an industry that will be an important part of the Bougainville economy."

There are estimates that there around 1,000 alluvial miners in the Panguna area alone. Many of these people are not landowners and it is unlikely that any are paying tax.

"My observation in the last few years has been that there is a lot of money going in and out of Bougainville," Mr Tanis continued.

"With scrap metal, with alluvial mining, with trade stories and even with vehicles - and the administration is not collecting taxes."

While Mr Tanis sees the reopening of Panguna as crucial for financial independence, he believes the path towards a sovereign Bougainville must be separately managed.

"I am in favour of re-opening Panguna," Mr Tanis said, "but again I come to the question of the process."

"The process must be transparent, the process must take its time and all the stakeholders must be consulted and the people must be given a chance to debate.

"Bougainville independence should not be conditional on the opening of the mine.

"I hold the personal view that independence and the Panguna mine should not be mixed…. that the political process should follow its own path and the process in Panguna should follow its own path."

Discussions on the future of mining on Bougainville have been held over the last few weeks prior to the renegotiation of the Bougainville Copper Agreement.  

.......economically self-reliant:MD

http://www.radioaustralia.net.au/international/...lfreliantmd/1128520

The Rio Tinto-owned copper mine on Papua New Guinea's island of Bougainville has the potential to make Bougainville economically self-reliant, according to the Managing Director of the Rio subsidiary which plans to redevelop it.
Rio-Tinto mine would make Bougainville economically self-reliant:MD (Credit: ABC)

The issue of self-reliance is crucial as Bougainville is due to hold a referendum on independence from PNG between 2015 and 2020, but can only become an independent nation if it has the financial resources to survive on its own.

Presenter: Jemima Garrett

Speaker: Peter Taylor, Chairman and Managing director of Rio Tinto, subsidiary Bougainville Copper

TAYLOR: As far as Bougainville is concerned it would make an enormous difference because from what I have seen they only generate internally, about 5% of their budget at the moment. This has the potential to substantially meet the budget requirements of Bougainville. In the scheme of things for Papua New Guinea it is important there is no doubt about it. It will be in terms of copper and gold production, well certainly in terms of copper it will be the biggest mine in PNG. In terms of gold production it will be second only to Lihir I imagine. There may be mines in the future producing more gold and copper but at this stage it would sit as number two or perhaps even number one in terms of value to PNG

GARRETT: Rio has had its fingers burnt in Mongolia and it is divesting itself of a number of assets. Does it have the appetite for a risky project of this sort?

TAYLOR: Well, I am the Chief Executive of Bougainville Copper and Rio Tinto is but one shareholder, mind you an important shareholder having 54 per cent of the equity in the company. Rio Tinto has so far indicated its interest in continuing as the major shareholder. It supports Bougainville Copper's vision which is to re-open the mine but it has one very important caveat, which Bougainville Copper shares I might add which is that it needs the support of the Bougainville government, the national government, the landowners and the people of Bougainville generally. It has said it will not support re-opening the mine without all of those parties being on board.

GARRETT: So how is progress going in terms of the support of the landowners?

TAYLOR:The situation for the re-opening of the mine continues to improve. It is a slow process but we expect that. My attitude has been and continues to be I would rather take my time and get it right, than rush and get it wrong. I think what is happening on Bougainville is in line with my expectations. The support for the mine re-opening continues to grow and the support for Bougainville Copper as the operator continues to grow.

GARRETT: There is still opposition in Bougainville and it is quite loud and strident opposition - what makes you think you can get over that and that there won't be a situation which unravels into bloodshed again?

TAYLOR:Well, I have never been involved in any resource project that hasn't had somebody who doesn't like it. I mean that is just life. It doesn't matter what it is you want to build, even if it is a road. You will get somebody who doesn't want it to be there because it is near their place or whatever. But look, I know there is some opposition and I think that is healthy. I would be a bit concerned if everybody was all of a sudden in favour. I would say what has changed to make that happen. We have to manage that. We have to be inclusive in terms of the parties that we deal with and I think that once the benefits, as opposed to what some of the protesters might think are the negatives, are explained and that is balanced out for the welfare of Bougainville and its people generally, I think most people will come on board.

GARRETT: You were on Bougainville before the mine closed. What have you learnt personally about from what the people of Bougainville have gone through since that time?

TAYLOR:You are right, I lived on Bougainville working in the mine in the mid-80s and to me it was one of the best experiences I have ever had in my career in the mining industry. I made many friends. I have still got many of those Bougainville friends. It was a tragedy of course for Bougainville and its people and I think and what is really tragic about it is I think it was preventable. In many respects it took so many small individual events to co-incide for the situation to develop the way it did. That is the real tragedy of it, it was a preventable event.

GARRETT: What is Bougainville Copper going to do to make amends for the past?

TAYLOR: I think it is really a question of looking at what it was about the way the mine opened in the first place and how we avoid the things that were done then that led to this discontent and the major one I think is actually including the local people in the planning, in having equity in the project itself, having a more equitable share of the revenue from the mine and being direct recipients of the infrastructure, for example educational opportunities, health opportunities and so on, that the mine can produce.

GARRETT: So how will you go about doing it differently, this time?

TAYLOR: What I have said to the Bougainville government and the landowners is I want them to set the agenda. I want them to tell me what it is that they want. So they will bring their agenda to the negotiating table and obviously we may have to compromise. I mean the mine itself its not going to be so profitable that it will support every wish of every party that will come to the table and indeed the investors expect a return on their money as well. But the different approach is going to be ..it won't be driven as it was in the first place by an Administration from Australia. It will be from day one negotiations between the people on the ground, the landowners in the mine site, the government of Bougainville and the other population of Bougainville.

GARRETT: Bougainville has a referendum on independence coming up between 2015 and 2020. What issues does that raise for Bougainville Copper?

TAYLOR: It is a very important issue for Bougainville Copper and, of course, it is a very important issue for both Bougainville and PNG generally. For us, we need certainty in terms of what the government is that you are dealing with, what their legislation is, what the mining regime is, what the tax regime is and quite clearly if Bougainville was independent it would present a different situation in terms of raising finance internationally than if it was part of Papua New Guinea because Papua New Guinea has a long and successful record as a mining destination and the mines here have worked very well but the international community, finance community, won't know because there is no experience with Bougainville as an independent country.

GARRETT: Under the Bougainville Peace Agreement the PNG government must satisfy itself that Bougainville can economically sustain itself before it agrees to independence. Does that give Bougainville Copper the whip hand in negotiations?

TAYLOR: I don't think it does. I mean we as a commercial enterprise won't be getting involved in politics. What we are looking at is the viability of the mine. We are looking at the consents that we need from the parties who we want to get the consents. The whole question of what economic viability is for the purposes of that agreement is really a matter for both governments.

Wenn man mal so die vielen Vor-Ort vorhandenen signifikant positiven Kommentare, Disskussionen, Interviews, Artikel, Einschätzungen und die immer lauter werdenen "öffnet-endlich-Panguna"-Stimmen von Momis, Tanis, Taylor, Landbesitzer, den Vor-Ort-Minen-Kennern und den vielen Inselbewohnern liest und hört, dann kriegt man langsam den Eindruck, das bald eine kritische Masse erreicht ist.
Dann kriegt man langsam den Eindruck, das die verschiedenen Vor-Ort-Insel-Fraktionen nun langsam mit einer Zunge sprechen und alle das gleiche wollen.
Und man kriegt den Eindruck, das "BCL eröffnet Panguna" gar nicht mehr weit entfernt ist.

Und auf Basis von diesen Hintergründen fragt man sich, was diese vielen Leute da unten in den nächsten 5 Jahren alles noch machen wollen? ..weil, 5 Jahre können eine verdammt lange Zeit sein..

Aber eine Mine zu öffnen ist letztlich nur von dem Willen abhängig, sie öffnen zu wollen.
Und dieser Wille ist auf allen Seiten stetig ambinionierter werdend erkennbar.

das sind gerade spannende Zeiten..  

http://hotcopper.com.au/announcements.asp?id=558647

SAM WALSH
CHIEF EXECUTIVE, RIO TINTO

Launched in 2008, the programme introduces next-generation technologies for mining
operations, including driverless haul trucks, automated trains, and advanced tunnel
boring and drilling systems.
This programme, builds on our leading position, and competitive advantage in
technologies such as hydropower, our AP Technology for aluminium smelting,
exploration, and block cave mining.
Put simply, there’s no other mining company in the world, attempting or achieving, the
scale and breadth of industry innovation that we have.

http://hotcopper.com.au/announcements.asp?id=558645

Address by the chairman
Sydney, 9 May 2013

JAN DU PLESSIS
CHAIRMAN, RIO TINTO

Unverkennbar die Paralellen mit BOC ;-))))

Disciplined capital management

-The board aims to invest only in the best opportunities to deliver attractive returns that
are well above our cost of capital.

-Following our annual strategy review with the executive team last September, we
reaffirmed our commitment to invest in and operate large, long-term, expandable, lowcost
mines and businesses with the objective of maximising total shareholder return.

-We must be low cost operators - this is vitally important if we want to
become an even more profitable and sustainable business over the long term.

-In delivering our strategy, we must also build on our industry-leading capabilities in
stakeholder engagement, in technology and innovation, and in sustainable development.

http://www.cnbc.com/?__source=yahoo|finance|logo||homepage|&par=yahoo

......Rumors that George Soros was planning to short the Australia dollar has taken the wind out of the robust currency, fueling expectations that the tide is turning for the Aussie dollar.

The Aussie fell 0.6 percent against the U.S. dollar late Monday on a report in the Sydney Morning Herald that bets against the currency totaling $1 billion were placed via Hong Kong and Singapore, believed to be by Soros Fund Management. CNBC has not been able to independently confirm the rumor.  

............at how easy it is to get its spin published as news….

http://ramumine.wordpress.com/2013/05/10/...ts-soft-run-in-the-media/

http://ramumine.wordpress.com/2013/05/10/...e-supporter-kandaso-napi/

http://www.postcourier.com.pg/20130219/business.htm

http://pngexposed.wordpress.com/2010/08/17/...sion-of-inquiry-report/

US private equity firm Carlyle Group has submitted a bid for Anglo-Australian miner Rio Tinto's 80 per cent stake in the Northparkes copper mine in Australia, Dow Jones reported, citing a person familiar with the bid.

Macquarie, which is advising Rio Tinto on the sale, declined to comment. A Carlyle executive and Rio Tinto spokesmen were not immediately available for comment.

Northparkes is one of several assets that Rio Tinto plans to sell as it looks to pare $US5 billion in costs and focus on its best assets to help protect its single-A credit rating in a weakened commodities market.

Carlyle is the second private equity firm to be linked to the Northparkes stake after it was earlier reported that KKR & Co was looking to bid.

However, KKR is no longer in the running, two sources told Reuters.



Read more: http://www.theage.com.au/business/markets-live/....html#ixzz2SrIakRTp

... enthüllt dubiose Rohstoffdeals im Kongo:

www.spiegel.de/wirtschaft/soziales/...eals-im-kongo-auf-a-899086.html

 

........wären auch einen Artikel wert.

In April 2012, the firm announced it had raised around US$1.2 Million for its PNG-registered subsidiary, Bougainville Basin Oil & Gas Ltd, which had entered into an MOU with Bougainville Basin Exploration Company, which was formed by the Babanna and Rabasti Clans “with the support and endorsement of the Chiefs in the Bana District of Bougainville” [Marketwire, 23 April 2012].

....poor.

http://ramumine.wordpress.com/2013/05/11/...f-the-tables-of-the-poor/

100513ABG PRESIDENTS THANKS PNG GOVERNMENT
By Aloysius Laukai

The ABG President, DR. JOHN MOMIS last night acknowledged the goodwill PNG Government is finally showing to the people of Bougainville by establishing the NATIONAL DEVELOPMENT BANK on Bougainville.
He was speaking at the dinner hosted by the management of the National Development in Buka last night.
President MOMIS said that Bougainville alone bankrolled the independence of PAPUA NEW GUINEA and that it was a pity the Papua New Guinea government took so long to reciprocate this to the government and the people of Bougainville.

He said that the National Development Bank’s establishment on Bougainville will once again boost the economic activity in the region by supporting Small and Medium Enterprises to move into their next level of operation.
The ABG President also thanked the Managing Director of the National Development and its staff for finally making it to Buka to announce the long awaited news that is to open a branch in Buka and Arawa this year.

Ends  

......forum, President Momis said he will not be responding again to such media releases.

Also during the forum the question of an environment act was raised. The response if I can remember correctly was that currently the Environment Department powers has not been transferred to ABG like the Mining powers therefore the PNG Environmenmt Act is the one ABG is using until this powers are given to ABG, then we will have our own environment law. ABG representatives further explained that we will be compliant with all the International laws on Environment and ABG will not exchange the environment with economic gains.

http://ramumine.wordpress.com/2013/05/13/...law-not-so-revolutionary/

Bougainville"s new Mining Law does not live up to its hype as a world first.*

Despite the rhetoric from President Momis and the celebratory headlines of a compliant press, led by the Australian ABC, the new law fails to deliver on the promised rights for customary landowners.

Sure, local people can veto exploration on their land, but who doesn"t want to know what might be under their feet?

Unfortunately once the exploration starts that is the end of any meaningful rights for the landowners and it is the Bougainville government that then holds all the cards.

This is a poorly drafted piece of legislation, the people of Bougainville deserve better.

Annotated key sections

12.       CUSTOMARY RIGHTS OVER MINERALS OF OWNERS OF CUSTOMARY LAND
The customary rights over minerals of the owners of customary land include, but are not limited to, the following rights:
(a)        to be consulted about the grant of an exploration licence over the land and to withhold consent to any such grant;
(b)        in the case of a mining lease, a lease for mining purposes or a mining easement over the land:
(i)         to be consulted at a Bougainville Mineral Resources Forum; and
(ii)        to participate in a mediation in accordance with section 25;
(c)        to be consulted about the grant of a small-scale extraction lease over the land and to withhold consent to any such grant;
(d)       to share in any revenue generated by mining development on the land;
(e)        to participate in opportunities arising from mining development on the land;
(f)        to receive compensation for the impact of mining development on the land, being compensation which reflects the nature and extent of such impact.

Under 12(a) landowners can withhold consent for exploration licenses, but that"s it. Once the exploration license is granted, the ABG hold all the cards. At this very preliminary stage landowners would have few indications as to the size of the deposit, their share of the revenue, benefits to be given, waste disposal methods – so the only enforceable moment where they can refuse mining is made when very few facts are to hand. Once consent to exploration is given, the ABG can from then-on override landowners.

The landowners may have some rights to revenues, but the ABG has complete authority to determine what those are. So really this should more accurately be called the transfer of power from PNG to ABG Act.  All customary rights are expressed in such vague language, as to be virtually unenforceable.

And then there is this:

14.       RESOLVING DISPUTES BY CONSENSUS.
Subject to this Act, disputes about minerals involving the owners of customary land are to be resolved, so far as practicable, by consensus.

Come on, this is just waffle, or fluff if you like; notional rights (dressed up in a quasi-Melanesian idiom), with absolutely no teeth

But now we get to where the Act becomes much clearer – the teeth appear and the ABG are given them all.

15.       EXCLUSIVE POWER OF THE AUTONOMOUS BOUGAINVILLE GOVERNMENT TO GRANT TENEMENTS
(1)        The Autonomous Bougainville Government has exclusive power to grant tenements under this Act because of the multiplicity of landholders" interests mentioned in subsection (2) that are, or are likely to be, affected directly or indirectly by the grant of a tenement.

16.       EXCLUSIVE POWER OF THE AUTONOMOUS BOUGAINVILLE GOVERNMENT TO DISTRIBUTE MINING REVENUES
The Autonomous Bougainville Government has exclusive power to determine the amount, and the allocation, of revenue from the development of minerals.

18.       CUSTOMARY RIGHTS DO NOT AFFECT EXCLUSIVE POWERS OF THE AUTONOMOUS BOUGAINVILLE GOVERNMENT
To avoid doubt, customary rights do not in any way affect the exclusive powers of the Autonomous Bougainville Government under sections 15 and 16.

But this is not all – it gets worse, The ABG is given the right to recognize landowner representative organizations – the ABG become kingmakers, regardless of local views. Leaders against mining will be sidelined as unrepresentative, and those in the ABG"s pocket will be recognized!

20.       APPROVAL OF LANDOWNER ORGANISATIONS.
(1)        Subject to subsection (2), the Bougainville Executive Council may from time to time approve one or more organisations to represent all or some of the owners:
        (a)      of customary land that is the subject of an application for a mining lease; or
        (b)      of customary land that the Council is satisfied is likely to be the subject of an application for a mining lease.

And what happens if those made king by the ABG fail to consent to the mine, they can still be overridden:

26.       OVERRIDING POWERS OF THE AUTONOMOUS BOUGAINVILLE GOVERNMENT.
(1)        This section applies to an application for the grant of a mining lease if:
           (a)        a mediation in respect of the application has been conducted under section 25; and
           (b)        the consent to the grant of the application has not be given by:
           (i)         the approved landowner organisation, or one or more of the approved landowner organisations, representing the owners of the customary land in respect of which the application has been made; or
           (ii)        any owners of that customary land not represented by an approved landowner organisation; or
           (iii)       any other landholders of the land in respect of which the application has been made; and
(c)        no other issues relating to the application remain in dispute.
(2)        The Autonomous Bougainville Government is by force of this section empowered to override the requirement for the consents referred to in subparagraphs (1)(b)(i),(ii) and (iii).

Footnote
* http://www.abc.net.au/news/2013-03-07/...ng-law-a-world-first/4559170

Panguna mine chemicals affecting locals
by ramunickel
Romulus Masiu | Post Courier

CHEMICALS at the now defunct Panguna copper mine in Bougainville operated by Rio Tinto’s Bougainville Copper Limited (BCL) are taking their toll on Bougainvilleans engaged in alluvial mining operations within the mine lease areas.

As Bougainville approaches its referendum and there is talk of reopening the mine, Bougainvilleans are now calling on relevant authorities, especially the Bougainville Copper Foundation (BCF), to conduct awareness on the dangers of the disposed chemicals.

According to the people, the residue of mine chemicals could be responsible for babies born with deformities, with their parents who are alluvial miners who pan for gold in the affected Kavarong and Jaba Rivers of Panguna every day.

However, these reports could not be independently verified by any authorised experts. Other complaints include stomach cancer, ulcers and tumors.

Dickson Siparu, a former Panguna mine employee told Post-Courier that during the mining operations the chemicals nitrate and cyanide were excessively used in the operations.

Presently children and adults who frequent the affected Kavarong and Jaba Rivers have ulcers (sores) on their legs and bodies, he said.

Women are brought to the Arawa and Buka general hospital with stomach complaints, which the people believe could be the result of these chemicals.

Mr Siparu now wants BCF to help the people affected by BCL’s doings.

“There is clear evidence of nitrate and cyanide at the Jaba River pump station area. Rio Tinto through BCL must be held responsible for their actions,” he said.

When contacted by the Post-Courier, BCL said it “believes that it is most unlikely that any residues from mining operations at Panguna could be associated with reported cases of ill-health among alluvial miners panning for gold in Central Bougainville”.

A BCL spokesman said cyanide was never used at Panguna.

“For almost 20 years, the Panguna mine produced concentrate containing both copper and gold, which was exported in bulk for further refining,” he told the Post-Courier.

“There was no gold extraction process that required agents like cyanide and there is no record of any cyanide ever being imported or used anywhere on the island by Bougainville Copper.”

The BCL spokesman said “nitrate” could refer to ammonium nitrate, a common substance widely used as fertiliser throughout the world.

“Ammonium nitrate is by itself non-toxic and water soluble, considered safe for humans and plants in agricultural applications around the world.”

The BCL spokesman said the company viewed with sympathy and concern any instance of alluvial miners or their families developing skin problems or other ailments caused by long periods of time spent working in muddy water, or in unsafe small-scale mining.

They have been asked to take extra precautions when in the vicinity of reported cases of poisoning.

ramunickel | May 13, 2013 at 1:30 pm  

scheint als ob in Sydney die Pest an der Börse ausgebrochen ist.... Null Umsätze habe ich noch nie gesehen....  

Einladung an BOC (Foundation) die Mine zu besichtigen um sich ein Bild über Umweltschäden zu machen.

PUBLIC NOTICE

NEW DAWN FM in Buka has an Office Space and Accommodation for RENT to Corporate Client only or one Government Department.
The Fully Air-conditioned building can accommodate up to 20 persons.
It has a Conference Room, Toilet and Shower facility and a large Team room, Reception and an IT room with running water.
A lot of people have been asking for this office space but the owners want only one corporate client who has the best offer.
Call us on 675 72553439 or 71915292 or email at alaukai@hotmail.com to inspect this week only.  

typisch; zuerst 55 ct und dann kommt wieder ein Umsatz mit sage und schreibe 180 Stk zu 52,5 ct!! Also da wird der Kurs gedeckelt!! Das stinkt schön langsam zum Himmel....  

Habe von CC die Bestätigung, dass meine Böcke ausgeliefert werden.

Werde weiter berichten.

Schönen Tag an alle!  

Der Kurs wird gedeckelt, ja.

Aber hier wird immer nur geschrien, wenn mal wieder eine Mini-Order (am Ende) des Tages den Kurs nach unten bewegt. Dabei wird aber gerne übersehen, dass es auch Tage gibt, wenn eine Mini-Mini-Order den Kurs am Ende noch einmal hochgezogen hat. Da hat dann nie einer gemotzt: "Die pushen den Kurs mit Miniumsätzen nach oben!"  

Gefühlt kommt es aber viel häufiger vor, dass der Kurs am
Ende des Tages nach unten geht als nach oben.