Trading Bougainville Copper (ADRs) 867948
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Klar ist für mich eins. Wer die Aktien hat, möchte irgendwann Kursgewinne und eine anständige Dividende sehen...
und... es gibt ziemlich klare Hinweise aus Kursmaipulationen bei Bougainville.
Wer also nicht die 5 Minuten Zeit hat, um für seinen Gesamtbestand ein anständiges Verkaufslimit in den Markt zu legen, der sollte sich die Zeit und Kommentare hier sparen.
Es gibt einem niemand die Garantie das wir den Leerverkäufern damit richtig gut ins Handwerk pfuschen.
Aber einen Versuch ist es allemal wert.
meine Bank in Österreich stellt an der Börse den VK-Auftrag zu sagen wir mal 5 € ein.
Was geschieht? NICHTS.... die endgültige Lagerstelle lat Schreiben meiner Bank muss nicht liefern.... also ist der einzig richtige Weg: Eintrag in das Aktienregister...
Mit +- 100 USD Reserven pro BOC Share alleine in der Panguna Mine ist die Unze Goldäquivalent aktuell mit ganzen 3.5 USD bewertet obwohl im internationalen Vergleich das 10 fache üblich ist.
Trotz der sich seit 1 Jahr stetig verbessernden Nachrichtenlage u. einer gesteigerten Nachfrage nach BOC Shares in AU (VOL 19 Mill Shares im letzten Jahr) sackte der Kurs von 1 AUD um 60% auf 40 ct.
Schon das canceln des ADR Programms diente alleine dem Zweck den Kurs zu drücken um Böcke weit unter dem "fairen Wert" einzusammeln.
Gut möglich dass die Trickys das Deckeln noch eine Weile fortsetzen,die nächsten Schritte im Wiedereröffnungsprozess werden sie damit mit Sicherheit nicht aufhalten können.(Letztes Panguna-meeting nächste Woche,Verabschiedung des Mining-Act durch das ABG Parlament,Reconciliation BOUG/BOC, JSB Meeting mit Uebertragung der Mining-Power von PNG an Boug. BCA Review bzw "New Deal)
Seit unserem Ersteinstieg in BOC hat sich Ona`s Statement "Never Mining on Bougainville" auf der ganzen Insel flächendeckend in "We want BCL back" (u. zwar so schnell wie möglich ;-))) verwandelt.
Wenn, wie von Präsident Momis prognostiziert, die Verhandlungen im November beginnen, wird das deckeln definitiv ein Ende haben,........und auf die paar Monate..;-))))
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Demnächst: Reconciliation als Last-minute-Schnäppchen ;-)))))
Posted at 18:56 on 07 July, 2013 UTC
The head of the Culture and Tourism division in the Autonomous Bougainville Government believes there"s huge potential for eco-tourism to take off in the Papua New Guinea province.
16 years ago when Bougainville came out of a civil war, tourism was seen as a key part of its future, but the acting CEO of Culture and Tourism, Lawrence Belleh, says there"s still a lack of basic infrastructure to support the industry.
As a result, Mr Belleh says the focus now is on small-scale ecotourism ventures like caving and diving aimed at intrepid travellers.
"The tourism here is still raw especially with the environment, much of the environment is still in place. We"re looking at making and marketing Bougainville as a raw eco-tourism type of destination."
Lawrence Belleh says a new website will be launched soon, that will act as a one-stop shop for people wanting to know what"s on offer in Bougainville.
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
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http://www.tradingroom.com.au/apps/qt/...ode=BOC&time=latest#tabs
Time(AEST) Price Volume Value
15:53:22 0.4000 18,005 7,202
15:53:22 0.4000 11,995 4,798
15:41:25 0.4000 8,380 3,352
15:41:25 0.4000 14,458 5,783
15:15:24 0.3900 162 63
12:52:18 0.4000 1,500 600
12:14:02 0.3950 4,347 1,717
10:25:03 0.4000 3,797 1,519
10:15:01 0.3950 63 25
10:00:14 0.4000 25,000 10,000
10:00:14 0.4000 9,135 3,654
10:00:14 0.4000 20,000 8,000
10:00:14 0.4000 865 346
10:00:14 0.4000 5,000 2,000
10:00:14 0.4000 10,000 4,000
10:00:14 0.4000 2,525 1,010
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080713UNDP TO PRESENT FUNDS
By Aloysius Laukai
UNDP Papua New Guinea Country Cordinator, DAVID MCLAHAN KARR will present funds for Peace Building on Bougainville to the ABG President, DR. JOHN MOMIS tomorrow.
In several interviews with DR. JOHN MOMIS, the ABG President said that these Peace building funds were needed to fast track Peace building efforts on Bougainville which the ABG was not allowed to carry out under the ONE HUNDRED MILLION KINA allocated by the National Government to Bougainville.
The ABG president said that Bougainville needed funds to be under its control so that they can prioritize according to the needs on Bougainville and these UNDP funds will definitely create the much needed peace and reconciliation ceremonies still outstanding.
DR. MOMIS recently announced that under the ONE HUNDRED MILLION KINA allocated by the Papua New Guinea National Government, Peace Building work is not a priority although ABG needs to build the peace and reconciliations will create a lasting peace on the island.
He said that the NATIONAL GOVERNMENT wants the ONE HUNDRED MILLION KINA spent on High Impact Projects and they have highlighted ROADS AND BRIDGES as their High Impact Projects.
Ends
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President of the Autonomous region of Bougainville Chief John Momis has appealed for total Unity and positive attitudes in the wake of negations to re-open the Panguna Mine.
He made the call during the Regional Forum on Panguna Negotiations in Arawa and the Bana District.
The forums enabled consultation to be facilitated between landowners of the Panguna Mine, community leaders, ex combatants, churches, youth and women’ s groups.
Also present at the forums were members of the Bougainville Executive Council and the Bougainville Administration led by Autonomous Region of Bougainville President Chief John Momis.
The process of developing a mining law for Bougainville which gives ownership rights to the landowners and custodianship to the ABG is in progress.
It will be presented on the Bougainville floor of Parliament once community consultation is completed.
The last forum will be held in Panguna soon.
The Panguna Mine, created history for Papua New Guinea and Bougainville, has remained closed since 1989.
ABG Mining Law on environment
The Bougainville Mining Minister Michael Oni says, agreements the Bougainville Copper Limited operated under, did not give any considerations for the Panguna Mine affected communities.
Speaking at the Panguna negotiations forum, the Minister said the new Bougainville Mining Law will address environmental issues.
Meanwhile, the law reform commission says Papua New Guinea has no law on the disposal of mine tailings except guidelines.
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By WINTERFORD TOREAS
THE Chinese businessman responsible for bringing the first group of Chinese to work in the lucrative scrap metal business in the former Panguna mining township in Central Bougainville has returned with the second group of Asians.
Managing Director of Wang Enterprises Limited, Zhen-Yu Wang or Bill Wang as he is commonly known, arrived with another 19 Chinese men in Buka on Friday.
Upon arrival on an Air Niugini flight from Port Moresby, the group was taken to the Buka police station where their travel documents were scanned before they were allowed to travel to Panguna.
According to Mr Wang, these second group of Chinese which included one translator, had traveled all the way from their country to work in the scrap metal business and nothing else.
He said they came to Bougainville to help the people and not to make profits.
“We’ve come here not for money but to help the people. I wanted to help the people that’s why I brought them. We will be here for only six months then we will pack up and leave,” Mr Wang said.
“(But) my policy is for all people to benefit, and not just one person. If I see that only one person is benefiting then I will pack-up and leave,” added Mr Wang.
Mr Wang said these men were brought in because they had the expertise to work in upper heights, a thing the locals are not capable of doing.
He said if the locals were familiar with heights than he would not have bothered bringing these Chinese to Bougainville. He however said they will be training the locals so upon completion of their six months stay, the locals would then be able to continue on with the scrap metal business.
When asked if his company would be paying taxes to the ABG, Mr Wang said this will not be possible at the moment following all the recent treatments accorded to him and his men by the government.
Mr Wang however said any discussions concerning this issue should be addressed to the Me’ekamui Government of Unity as they are responsible for inviting him to do business in the Panguna area. Mr Wang also clarified misleading reports saying his company was mainly involved in construction projects and not mining, as thought by many.
...kann man nun glauben oder auch nicht (ich glaube es eher nicht) das der Chinesische Schrotthändler selbstlos den Leuten auf Bougainville helfen will. Entscheidend ist doch das mit den Aufräumarbeiten begonnen werden soll. Wenn das noch mit dem Einverständniss von BCL geschieht ist es ein weiterer ``erster`` Schritt zum re-opening. ;-)))))
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Dr Sarei, the man who established the lawsuit against Rio Tinto regarding the Bougainville Crisis is disgusted that the case was dismissed by US courts.
The ‘Sarei vs Rio Tinto’ case had been ongoing since 2000, alleging Rio Tinto responsible for the resulting war crimes committed during the Bougainville civil war.
Rio Tinto, through its subsidiary ‘Bougainville Copper Limited’ (BCL), was the owner and operator of the Panguna mine.
A former PNG diplomat and former Premier of the then North Solomons Provincial Govt, Dr Sarei said he would strive to continue proceedings against Rio Tinto.
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http://www.rnzi.com/pages/news.php?op=read&id=77414
Posted at 05:54 on 09 July, 2013 UTC
The autonomous Papua New Guinea province of Bougainville is considering approaching New Zealand and Australia to help with training its police.
Presently Bougainville’s police are trained by the PNG national constabulary but the Bougainville president, John Momis, says this training doesn’t meet the province’s needs.
Mr Momis revealed this when explaining his government’s plans to set up a private security firm to assist the police in maintaining law and order.
“The police is difficult because the training they get from Port Moresby is not suitable for the Bougainville situation. In fact we are talking with the New Zealand and Australia governments to run courses for the police here on Bougainville.”
John Momis.
New Zealand has for many years been helping Bougainville establish policing at the community level.
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
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090713UNDP
By Aloysius Laukai
UNDP country rep, David Mclahan Karr and UN Women rep Jeffrey Bucanan arrived in Buka this morning for two day visit to the region.They were met by UN representatives and local media who had a press conference at the airport.They told the reporters that they were to talk with ABG officials and all stakeholders of the Bougainville peace process.They also have Peace building funds that PNG has been included for the first time to access.These funds however will depend on ABG's requests and scope of work.
Ends
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Bankdepots sind nicht so sicher wie gedacht
Geld, das in Wertpapieren angelegt ist, ist nicht so sicher, wie es auf den ersten Blick scheint. Denn falls ein Institut die Aktien nicht zurückgeben kann, gibt es gesetzlich nur bis zu 20.000 Euro Entschädigung.
Der vollständige Artikel ist hier : (FAZ vom 25.06.2013)
http://www.faz.net/aktuell/finanzen/...cher-wie-gedacht-12242907.html
„Ist die Bank pflichtwidrig außer Stande, Wertpapiere des Kunden zurückzugeben, so besteht neben der Haftung der Bank im Entschädigungsfall ein Entschädigungsanspruch gegen die Entschädigungseinrichtung deutscher Banken GmbH. Der Anspruch gegen die Entschädigungseinrichtung ist der Höhe nach begrenzt auf 90 Prozent des Wertes dieser Wertpapiere, maximal jedoch auf den Gegenwert von 20.000 Euro.“ Doch die Deutsche Bank steht damit nicht alleine da. So oder ähnlich könnte diese Formulierung auch bei anderen Finanzinstituten zu lesen sein, denn sie entspricht dem Gesetz.
Den Anspruch auf Entschädigung aus „Verbindlichkeiten aus Wertpapiergeschäften“ und dessen Umfang regelt das Einlagensicherungs- und Anlegerentschädigungsgesetz (EAEG), das für alle in Deutschland tätigen Kreditinstitute verbindlich ist. „Dieses Gesetz und die entsprechende Regelung gibt es seit 1998“, sagt ein Experte des Bundesverbandes deutscher Banken (BdB). Während aber die gesetzliche Einlagensicherung in Europa im Zuge der Finanzkrise von 20.000 auf 100.000 Euro erhöht worden sei, habe man die ursprüngliche Höchstgrenze beim Anlegerschutz beibehalten. Ein Richtlinienentwurf der EU aus dem Jahr 2010, mit dem das geändert werden sollte, sei wieder verworfen worden, weil er nicht ausgereift gewesen sei, heißt es vom BdB.
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Arrival, Registration and Seating of Participants, Guests and Visitors
Mrs. Brendalynne Tukana Kipma
Opening Prayers
MC – Mel Togolo
Welcome Participants, Guests & Visitors
Chairman of the Seminar Committee, Mr. Paul Nerau
Welcome Speech and Summary of Previous Days Session
Dr. John Momis, President of the AROB
Keynote Address: “A Bougainville Update”
Q & A Session: Discussions: Debates
Prof. Satish Chand, Professor of Economics, USP, Fiji
“ Overview of the PNG and Bougainville Economies”
Q & A Session: Discussions: Debates
TEA BREAK
Dr. Sam Lahis
“How agriculture can sustain Bougainville economically in the future”
Q & A Session: Discussions: Debates
WRAP – UP: MARTIN KENEHE
LUNCH
Peter Taylor
“Mining on Bougainville”
Q & A Session: Discussions: Debates
Mrs. Juliana Kubak – Acting Secretary, National Planning, Implementation & Monitoring
“The National Planning Framework and its linkages to ABG’s planning framework and its translation ton the budgetary process”
Q & A Session: Discussions: Debates
Peter Tsiperau
“Accountability, Transparency & Good Governance”
Q & A Session: Discussions: Debates
WRAP-UP - LAWRENCE DAVEONA
Chairman of the Seminar Committee, Mr Paul Nerau
Closing Remarks, Thank You & Announcement of follow-up Seminars & Workshops
Closing Prayers – Bruce Mallar
NCOBA – Sponsor of Chairman’s Cocktail
- "Entscheidend ist doch das mit den Aufräumarbeiten begonnen werden soll. Wenn das noch mit dem Einverständniss von BCL geschieht ist es ein weiterer ``erster`` Schritt zum re-opening."
In dem Zusammenhang erinnere ich an folgende Äußerung. Sie stammt von Paul Coleman ...
"BCL does make arrangements from time to time for the disposal of surplus equipment and scrap metal and is currently dealing with the Panguna Land Owners Association on this issue."
.. und zwar aus dem Jahre ... 2007 
By WINTERFORD TOREAS
NEGOTIATIONS towards the reopening of the defunct Panguna mine in Central Bougainville received another positive boost last week.
This follows the staging of another successful consultative meeting between the Autonomous Bougainville Government, Bougainville Copper Limited and the Panguna Mine Affected Landowners Association (PMALA), in Buka last Wednesday.
This one day meeting which was attended by BCL representative Paul Coleman, PMALA chairman Lawrence Daveona and the ABG representatives saw a total of eight resolutions reached by the parties to the meeting.
These resolutions cover issues including ‘bel kol’ (peace or apologetic) compensation demands, illegal settlers, landowners’ relocation, and other issues deemed to be of importance.
All parties agreed that in order to address the ‘bel kol’ issue, the ABG will be taking the necessary steps to implement decisions of the government in developing a program that will involve the stakeholders, including ABG, BCL and PMALA to reach an agreement on the terms and conditions of the ‘bel kol’ issue and set a date by September this year.
In relation to outstanding compensation demands, the ABG Mining Department in consultation with PMALA and BCL will audit and update the existing title holders of recipients of outstanding compensation by September this year.
It will also identify the options and the methods of payments, resolve outstanding land rental payments owed by the National Department of Lands to the Siokatei lease before the end of this year, and establish the status of the Uruawa/Rorovana land rental agreement with BCL before the end of this year.
In relation to illegal settlers, the ABG Mining Department will be taking the leading role in developing relevant ABG policy on how this issue needs to be resolved. It was agreed that the ABG Mining Department will raise this issue at the next Joint Panguna National Coordination Committee (JPNCC) meeting.
In order to address the landowners’ relocation resettlement issue, the ABG Mining Department and other relevant agencies will be taking the lead in developing relevant ABG policy on how this issue needs to be resolved. It was also agreed that the ABG Mining Department will also be raising this issue at the next JPNCC meeting.
The parties also agreed that after the addressing of the bel kol issue, BCL will be working closely with ABG and PMALA to develop proposals for skills training and human resource development, and also work closely with other key stakeholders.
They also agreed that in accordance with the community engagement process and proposals, there was also a need to develop landowner associations to endorse the proposals, and for the ABG to be informed and so that it can consider funding support.
Another resolution reached concerned the ABG draft mining policy; with all parties agreeing
that the ABG will be consulting PMALA and all other key stakeholders.
The final resolution reached was for the ABG, BCL and PMALA to meet on a bimonthly basis to discuss issues of importance.
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In Fall 1 werden Spekulanten, Trader, Zocker und Normalanleger von alleine merken, daß da etwas zu verdienen ist.
In Fall 2 bringt das Heben des Kurses auch nichts, da wir bei Schocknachrichten gar nicht alle schnell genug verkaufen können.
Deshalb : warum durch eine Abstimmung Werbung für BOC machen?
Frage 2: Weiß einer, was an den Gerüchten ist, daß "mittelgroße" Anleger größere Positionen auf Kredit gekauft haben und unter 20Cent zwangsliquidiert würden?
The President of the Autonomous Bougainville Government (ABG), Dr John Momis, has told Business Advantage PNG in an exclusive interview that he wants work to re-open the mine to begin later this year.
‘We’ve already started the initial discussions with Bougainville Copper Limited (BCL) about some of the issues that must be resolved before they start their construction work.
ABG President John Momis
‘Procrastinating on opening the mine, even five years, is a bit far.
‘We must come to an agreement to allow BCL to come and set up their liaison office in Arawa to deal with some of the practical problems, which are not immense, which are not insurmountable, to enable BCL to start spending money on reconstruction work, and that will bring a lot of income to the people and revenue to the ABG, and I think that is what we need.
‘The former commander of the Bougainville Revolutionary Army, Sam Kauona, is now on side and in agreement with the need to re-open the mine.’
In a joint media statement this afternoon, Dr Momis and Kauona said they had agreed that while re-opening the Panguna mine was ‘the first priority’, it may be necessary to allow ‘limited new mineral exploration’.
They said however it would not be good for Bougainville to have numerous mines.
‘There should be no more than two mines operating at any time.’
Momis also said that he and Kauona had reached a common understanding on key principles underlying the development of a new mining law.
‘We share the view that in deciding the future of mining development in Bougainville, both customary landowners and the Bougainville people’s government—the ABG—have essential roles.
‘When considering any future mine, customary landowners must be recognised as the owners of the minerals.
Momis said this was a reversal of the position decided by the ABG last December, which determined the minerals would be jointly owned.
A revised draft Mining Act is expected to be available in Bougainville in the next few weeks.
Why do Bougainvilleans now support re-opening the mine?
John Momis (JM): The Panguna Mine was the primary source of the war, which reduced Bougainville to basics. We need to deal with it because the Panguna Mine is a mega project. We need the revenue to be generated from it—revenue for the government as well as income for the people. So with the way things are going, we don’t have much option really.
We don’t have much money coming from the National Government in terms of its commitment to allocate adequate funding for reconstruction and for the big job of creating an autonomous government. I think, once the mine is open, Bougainville will be very well off, and we can manage to reconstruct Bougainville and promote sustainable businesses.
‘The former commander of the Bougainville Revolutionary Army, Sam Kauona, is now on side and in agreement with the need to re-open the mine.’
With the collaboration of credible partners from outside, the government itself will have enough money to create a new government. We also need money to create something that’s sustainable and in accordance with the principles of good governance and democracy.
Is there much opposition among local landowners and Bougainville people to the re-opening of the mine?
JM: There is a little bit of opposition but with clarification and with our efforts to create awareness, more and more people are in support: ex-combatants generally, the landowners themselves and the population in general. So, there is not much opposition. There is opposition from some quarters, and that is quite small, due to a lack of understanding.
The former commander of the Bougainville Revolutionary Army, Sam Kauona, is now on side and in agreement with the need to re-open the mine. He also agrees with the new mining law, which I expect the Autonomous Bougainville Government (ABG) to pass by September this year.
The landowners’ umbrella group is seeking a payment of K10 billion (US$4.45 billion). How critical is that before any real work gets under way? Does it have to be in cash or could it be in some other form?
JM: No, it doesn’t have to be [in cash]. As a matter of fact, I am advocating that we should, without too much delay, start negotiations with Bougainville Copper Ltd (BCL) so that they can address some of the burning issues affecting the landowners whose land and whose lives have been detrimentally affected. But we can’t do that unless BCL are given some kind of guarantee that they will be allowed to operate. So, the sooner we negotiate with them, the better for us.
‘Well, people say that the lease has expired, but precedents have been set that say that once leases are expired they must be renewed to the same company, and that is BCL. So, that’s the assumption we’re working under.’
The K10 billion [that] people are talking about can be provided in different forms of development assistance to villagers to rebuild their villages and sort out some of the problems they’ve had as a result of the mine.
It’s not a question of paying K10 billion at one go.
Do you see BCL as the only viable company to re-open the mine itself, or do you see the possibility of another mining company competing for the rights?
JM: The landowners themselves want BCL. That’s their declared condition. I don’t necessarily believe BCL is the only one, but because they legally own the leases, we’ve got to start with them, and under our own law, BCL will have to meet our conditions. I have also mentioned to BCL that perhaps there is a place for a third party to be involved.
What role would they have?
JM: A third party may want to take up shares.
BAPNG: The landowners say that the mining lease for BCL to operate the mine has expired—Rio Tinto has told us that it’s still working on the assumption that the lease entitlement is still alive. What’s your understanding of the status of the original lease?
JM: Well, people say that the lease has expired, but precedents have been set that say that once leases are expired they must be renewed to the same company, and that is BCL. So, that’s the assumption we’re working under.
The landowners’ prerequisites for re-opening the mine indicate they want to actually own the mining lease and then sublease it to the mining company. Have we misinterpreted that, and is that viable anyway?
JM: That is an issue that has to be discussed between us [the ABG] and the [National] Government and the landowners. Under our new proposed mining law, the landowners own the resources. They have total ownership of the resources, but the government has the custodial role. Only the Government can issue licences, both at the exploration stage and development stage, and the Government is responsible for governance of benefits. The Government is [also] responsible for ensuring that environmental impact studies are conducted so that you know that there are no detrimental impacts on the environment and the life of the people. So, the issue of whether the people themselves will own the lease and negotiate is an issue that has not been discussed in full.
What do you regard as critical in order to get the mine up and running again?
JM: Law and order and rule of law–that’s number one. That is why we’ve spent a lot of time holding forums to allow people to participate in discussions of important issues including law and order, ownership, distribution of benefits and, of course, environmental impacts on the land.
Getting all the different factions together—landowners, ex-combatants, other citizens of Bougainville and the government—is crucially important. Once we come to a consensus, then people will have a sense of ownership of the project, and this also extends to whichever mining company that finally agrees to participate under our conditions.
‘We have had positive discussions with executives from BCL, but we now have to sensitise Rio Tinto executives in London about the way in which we want to proceed.’
We’ve already started the initial discussions with BCL about some of the issues that must be resolved before they start their construction work. It has done a study of the order of magnitude that seems to be very attractive and confirms that currently the mine is a mega project.
BCL estimates it could take five years to rehabilitate the environment and conditions in order to actually get the mine operating again. Do you see the length of time as a problem?
JM: For us, we need to start generating revenue as soon as possible. We have a time line—2015 and onwards is the ideal window. We have to conduct a referendum to determine our final political status. The historic moment of designing our future is imminent and we need money to achieve that. Procrastinating on opening the mine, even five years, is a bit far. We must come to an agreement to allow BCL to come and set up their liaison office in Arawa to deal with some of the practical problems, which are not immense, which are not insurmountable, to enable BCL to start spending money on reconstruction work, and that will bring a lot of income to the people and revenue to the ABG, and I think that is what we need.
People, I think, misunderstand that you must wait for the production phase. Reconstruction is where companies spend a lot of money and that’s what we want. We don’t want to procrastinate on that.
So would you like to see BCL physically return by the end of this year? Can you see it happening?
JM: That’s correct, yes. We will go for that. Of course, we have to take precautions. We have to do things right, and hence the lengthy period of consultation we’ve been having. That should iron out a lot of the problems and help us to come to a consensus to decide what to do.
We have had positive discussions with executives from BCL, but we now have to sensitise Rio Tinto executives in London about the way in which we want to proceed. So far, we have been successful in taking a consensual approach towards restarting the mine.