Trading Bougainville Copper (ADRs) 867948

............manage clean-up of Rio Tinto mine

http://ramumine.wordpress.com/2013/09/04/...ean-up-of-rio-tinto-mine/

Jemima Garrett | ABC Radio

The United Nations Environment program will help Papua New Guinea’s island of Bougainville manage on-going environmental issues associated with the Rio Tinto-owned Panguna copper mine.

The mine, which was one of the world’s largest, was closed in 1989 after it became the spark which lit the civil war on the island.

There was no mine closure process when Bougainville Copper, the Rio Tinto subsidiary which owns the mine, was driven out of Bougainville.

Pollution from mine tailings has since been flowing into the environment and Dr Gavin Mudd, Senior Lecturer in Environmental Engineering at Monash University says it’s a continuing problem.

   “There’s a lot of acid mine drainage that is leaving the site, there is also tailings going down the river. And the acid mine drainage of course has extremely high levels of metals,” Dr Mudd told Pacific Beat.

Heavy metals can accumulate in fish and vegetation and affect human health.

Inside the mine site itself, many buildings contain asbestos and some abandoned measuring instruments contain radio active material.

UNEP assistance

The United Nation’s Environment Program’s Geneva-based disaster risk reduction branch has agreed to help Bougainville to draw up terms of reference for the clean-up.

It will also assist with environmental studies that will help Bougainvilleans decide if they want to re-open the mine.

An international legal expert, Associate Professor Don Anton from the Australian National University, says the involvement of the United Nations Environment Program is a significant development and has a strong track record of similar problems.

   “It is a very significant development in the sense that we have an independent, a proven independent third party coming in to look at a very contentious situation,” Mr Anton said.

   “It has been involved in other rehabilitation programs, like the Mau forest eco-system in Kenya, it has experience in remediation after hostilities, after Iraq and depleted uranium in Bosnia, so it has experience and a well respected track record in dealing with environmental problems.”

Experts predict remediation of the old mine site will be a large-scale, and very expensive, exercise.

   “I’d imagine you would be looking at hundreds of millions of dollars, if not billions. It is really hard to know exactly,” Dr Mudd said.

   “It depends on the logistics involved and there is a whole bunch of complex factors involved in that so the simple message is it is not going to be cheap. Whichever level of remediation is done at Bougainville, it is certainly going to be a very costly exercise,” Dr Mudd said.

Bougainville Copper Limited is legally responsible for the clean-up.

Wariness over re-opening

Public opinion on Bougainville has been shifting in favour of re-opening the mine, but many people who lived through the civil war remain wary.

Associate Professor Don Anton says whichever decision is made environmental standards must be met.

   “It is clear we should have a rigorous environmental impact assessment with full public participation, full disclosure, full opportunity to comment,” he said.

   “We should have, in terms of approvals, conditions imposed upon the operation of these mines if they were to go forward again, including the requirement for insurance, remediation bonds and other security put up to account for problems that may eventuate down the track.”

The Bougainville government is yet to set up environment department department or pass legislation regarding the remediation.

Dr Anton expects the government will face challenges due to a lack of personnel and expertise.

He suggests that if the mine does reopen, strict conditions should be imposed that require financial payments that would allow the Bougainvillean government create an independent environment department whose job would be to inspect and monitor the mine.

Noch ganze 90K im ASK bis 1$

http://ramumine.wordpress.com/2013/09/04/...ng-act-processes-complex/

schnell gehen.
#17376 "...The United Nation’s Environment Program’s Geneva-based disaster risk reduction branch has agreed to help Bougainville to draw up terms of reference for the clean-up..." soll wohl heißen: "Die Welt braucht die Rohstoffe - aber nicht durch China gefördert..."
Es liegt jetzt wirklich nur noch an der Bougainville Bevölkerung, ob sie Arbeitsplätze, Schulen, Krankenhäuser, Wohlstand für Alle - also Bergbau - will, oder alles für die nächste oder übernächste Generation im Boden läßt.
Logisch gedacht ist die Antwort klar - eigentlich. Sehr spannend das Ganze!
 

http://www.abc.net.au/news/2013-09-04/an-bougainville-unep/4935456

Der Schatz muss nur noch gehoben werden ;-))))

Quelle :http://www.radioaustralia.net.au/international/...-tinto-mine/1185729

UNEP to help Bougainville manage clean-up of Rio Tinto mine
ABC Radio Australia/PNG Mine Watch, 4.9.2013

The United Nations Environment program will help Papua New Guinea’s island of Bougainville manage on-going environmental issues associated with the Rio Tinto-owned Panguna copper mine.

The mine, which was one of the world’s largest, was closed in 1989 after it became the spark which lit the civil war on the island. There was no mine closure process when Bougainville Copper, the Rio Tinto subsidiary which owns the mine, was driven out of Bougainville.

Pollution from mine tailings has since been flowing into the environment and Dr Gavin Mudd, Senior Lecturer in Environmental Engineering at Monash University says it’s a continuing problem.
“There’s a lot of acid mine drainage that is leaving the site, there is also tailings going down the river. And the acid mine drainage of course has extremely high levels of metals,” Dr Mudd told Pacific Beat. Heavy metals can accumulate in fish and vegetation and affect human health.
Inside the mine site itself, many buildings contain asbestos and some abandoned measuring instruments contain radio active material.

UNEP assistance

The United Nation’s Environment Program’s Geneva-based disaster risk reduction branch has agreed to help Bougainville to draw up terms of reference for the clean-up. It will also assist with environmental studies that will help Bougainvilleans decide if they want to re-open the mine.

An international legal expert, Associate Professor Don Anton from the Australian National University, says the involvement of the United Nations Environment Program is a significant development and has a strong track record of similar problems.
“It is a very significant development in the sense that we have an independent, a proven independent third party coming in to look at a very contentious situation,” Mr Anton said.
“It has been involved in other rehabilitation programs, like the Mau forest eco-system in Kenya, it has experience in remediation after hostilities, after Iraq and depleted uranium in Bosnia, so it has experience and a well respected track record in dealing with environmental problems.”

Experts predict remediation of the old mine site will be a large-scale, and very expensive, exercise.
“I’d imagine you would be looking at hundreds of millions of dollars, if not billions. It is really hard to know exactly,” Dr Mudd said.
“It depends on the logistics involved and there is a whole bunch of complex factors involved in that so the simple message is it is not going to be cheap. Whichever level of remediation is done at Bougainville, it is certainly going to be a very costly exercise,” Dr Mudd said.

Bougainville Copper Limited is legally responsible for the clean-up.

Wariness over re-opening

Public opinion on Bougainville has been shifting in favour of re-opening the mine, but many people who lived through the civil war remain wary.

Associate Professor Don Anton says whichever decision is made environmental standards must be met.
“It is clear we should have a rigorous environmental impact assessment with full public participation, full disclosure, full opportunity to comment,” he said.
“We should have, in terms of approvals, conditions imposed upon the operation of these mines if they were to go forward again, including the requirement for insurance, remediation bonds and other security put up to account for problems that may eventuate down the track.”

The Bougainville government is yet to set up environment department or pass legislation regarding the remediation. Dr Anton expects the government will face challenges due to a lack of personnel and expertise.

He suggests that if the mine does reopen, strict conditions should be imposed that require financial payments that would allow the Bougainvillean government create an independent environment department whose job would be to inspect and monitor the mine.

 

...........last month both to Panguna and Loloho, included also the tailings areas

alle neu gekauften Aktien gleich mit hohem Verkaufslimit (mind. 3,50€) bis Jahresende in den Verkauf stellen... und wer es immer noch nicht gemacht hat... sollte es zügig nachholen... denn seit Beginn dieser Aktion hat der Kurs mächtig ins Positive gedreht...

ach ja... iss ja auch wichtig für uns Bougainville Aktionäre... der Australdollar sieht charttechnisch hervorragend aus... ein weiterer Grund in Bougainville zu investieren oder investiert zu bleiben...  

sorry logho...  hab versehentlich deinen Beitrag #17383 als "interessant" bewertet.
Eigentlich wollte ich "witzig" anklicken, hab aber wohl dicke Finger gehabt.
Besonders witzig fand ich deine Worte "...mächtig ins Positive gedreht".
Ich frag mich, was hier so alles eingeworfen wird?  

ein Anstieg von 28 auf über 40 Cents  sind schon mal mehr als 40% Kursgewinn...
Manches Depot wären sehr zufrieden mit so einer Performance...
Natürlich ist das nur eine kleine Linderung der vorherigen Verluste, wenn man denn höher eingestiegen ist...
Sollte der Australdollar seine diesjährigen Verluste gegenüber dem Euro ausgleichen kämen noch einmal rund 20% dazu und wir wären bei ca. 50 Eurocent....
ohne weitere Kursgewinne unserer Aktie...


 

Ich habe auch ein "witzig" vergeben und sehe es genau wie Longwilli.....

Zum einen glaube ich keine Bohne an die Theorie der Effektivität dieser Maßnahmen und zum anderen hatte sich der Kurs seit der ersten Proklamation dieser Sondermaßnahme drastisch reduziert.

Aber nix für Ungut, letztlich hoffen wir ja alle auf ein positives Geschäft.....  

.......in den letzten Monaten dürften vor allem auf das gesteigerte Kaufinteresse der Aussi- u. PNG Investoren zurückgehen.Immerhin betrug das VOL in AU in den letzten 3 Monaten +6.5 Mill. Shares oder durchschnittlich +107K/Tag. http://au.finance.yahoo.com/q?s=BOC.AX

.....zum 30.8.  (Kurs 0.53) 2 147 392,48 AUD

http://www.asx.com.au/data/securities_lending_outstanding_loaned.xls

das sind schon ganz nette Zahlen...
aber viel interessanter wären die Shortpositionen aus der Schweiz...

und zu 17386...

die Effektivität kann ich wissenschaftlich nicht nachweisen... nur seit meiner Empfehlung hat ein positiver Dreh stattgefunden...
Ich halte den hier proklamierten Weg der Eintragung für gut, aber für viel zu Aufwendig... Die meisten scheuen den Weg oder sind einfach zu träge...
Der Limitverkauf geht schnell mit wenig Aufwand... kostet in der Regel nix...
also warum nicht??? Den Shortsellern schmeckts mit Sicherheit nicht...

Wenn allein die Australier ihre Shortpositionen eindecken reden wir doch wohl von über 3,5 Millionen Stücken, oder???
Wo sollen die denn herkommen???  

.....nur minimale Gewinnmitnahmen in AU, so wurden in dort ganze 200K zum VK. gestellt.

Das bedeutet dass die allermeisten Böcke jetzt schon in "starken Händen" sind, bzw. die verbliebenen dorthin wandern.;-)))

wenn ich das richtig verstehe, dann ist BCL dafür verantwortlich das inviroment aufzuräumen, sprich pollution durch mine tailings.
Die Kostenschätzung dafür wäre einige 100 Mill bis Milljarden Höhe.
Sollte BCL den Zuschlag nicht erhalten, würden sie auch nicht mehr aufräumen. Für jede andere Firma wird diese Auflage ein Dealbreaker sein.
Ich würde das als Indikator zu Gunsten von BCL bewerten.
Oder bin ich jetzt falsch?
 

0,579 US$   20.000 Stück  

...............ist mit heutiger Technik profitabel machbar, die Kanadier sind schon (illegal) mit eine Testanlage am unteren Jaba River aktiv, die Chinesen haben sich bei den Lo`s schon darum beworben.

http://www.thenational.com.pg/?q=node/55638

By MALUM NALU
PRIME Minister Peter O’Neill has rejected suggestions in a newspaper article yesterday that Waigani had withheld or redirected funds sent to the Autonomous Bougainville Government to spend.
He said the national government remained committed to improving living standards and business environment on Bougainville through the funding of various impact projects in the autonomous region. But he was forced to hold back some funds because of continued non-acquittal by the ABG.
The National reported yesterday that the United Nation was stepping in to assist a “cash-strapped” Bougainville in the peace process and that ABG president John Momis was claiming that the Government owed it K188 million.
“The annual allocation for recurrent expenditure for Bougainville is among the highest in the country,” O’Neill said in a statement.
“They cannot be cash-strapped.
“Apart from that they get direct funding from donors for programmes in the autonomous region.
“In 2010 the national government decided to provide K500 million in an intervention programme.
“A joint committee identified 11 infrastructure impact projects to be funded under this intervention programme.
“K100 million was released to the ABG in 2011 for this programme. These funds were never acquitted.
“In 2012, K15 million was released, but the rest was held back when it became clear the funds were not going to be spent in the priority areas identified.
“The balance of K85 million for 2012 is held in trust, together with K100 million for 2013.”
O’Neill said following a meeting last week with officials from Treasury, Planning and the Works departments, he directed that costings be carried out immediately for the impact projects to get underway.
“These projects include the upgrade of Aropa Airport, the upgrade and sealing of Arawa Town roads, the upgrade of the Arawa - Buin Road, the upgrade and sealing of Buka Ring Road, and the upgrade of the Kieta Sea Port,” he said.
“Äs highlighted in the (Bougainville) seminar last Friday, there are serious governance issues on Bougainville which we should all be concerned about.
“The last thing we want is these impact projects left unfunded.”
O’Neill thanked the United Nations for making Bougainville eligible to access the Peace Building Fund starting next year.

http://ramumine.wordpress.com/2013/09/05/...old-litany-of-corruption/

The National aka The Loggers Times

REVELATIONS of massive corruption within the bureaucracy of the Autonomous Bougainville Government (ABG) is indeed cause for great concern.

Corruption of the sort uncovered in Bougainville is a familiar story across Papua New Guinea.

Almost everything complained of in Bougainville is a familiar litany recited about most other provincial governments, departments and government agencies.

The “Sustainability of Bougainville” seminar was last week told that “Bougainville public servants are a law unto themselves seemingly answerable to nobody”. We have heard that one before and in many other places. Bougainville’s experience, dare we say, is not unique.

A claim was made that millions of kina have disappeared from the Bougainville government coffers with disclaimers issued for audit opinions.

Heard that one too in almost all audit opinions presented by the Auditor-General on so many government bodies across PNG.

Deputy Auditor General Peter Siaparau told the seminar that no registers were kept for liquor outlets, motor vehicle registration, driver licence issuance. The same  person performed collection and banking.

Yes, that too sounds all too familiar.

And we could almost recite, from previous experience, that there would be no asset registers, no evidence of stock takes of assets, no records of purchases and disposals.

Without being told, we can safely bet that there would be instances where no tenders were called for many projects. If they were, there would be no prequalification.

Trust accounts, if they were kept, would be used outside of stipulated guidelines – if at all they existed.

These are familiar public accounts scenarios throughout PNG.

We have dedicated so much space to decrying this and it continues unabated.

On the one hand, governments dedicate so much time to bring in money into the national coffers, often taxing citizens to poverty in the process.

On the other hand it is unable to secure the money brought in – it drains out of the coffers as fast as it has come in – often faster.

Managing and keeping track of the money pouring into the country is easy. It is far harder to keep track of how it is spent, where it is spent or who is spending it.

It is a free for all roller coaster and a privileged mob is riding it at the expense of the greater majority who wait faithfully for their government to deliver.

As sad as it is for the rest of PNG, it is a sadder case for Bougainville.

Bougainville is emerging from the ravages of a bloody insurgency that has left the autonomous region devastated, devoid of business, of basic infrastructure, of basic services and a society torn by suspicion and hatred.

Bougainville needs all the resources it can lay its hands on to start building from ground zero again.
That is the reason there is a big tussle to get the Bougainville Copper mine up and running again.

The revenues from the mine and from other business ventures are very much needed in the rebuilding process.

But it will never happen because, while the effort to bring in resources is going on, a few people in positions of influence are emptying the till.

It is hoped that the seminar just concluded will give the politicians and bureaucrats of the new Bougainville fresh impetus to toil harder and honestly for the wider autonomous region while resisting the selfish temptation to work for self-benefit,

There can be no worthy future for Bougainville if it allows itself to be swallowed up by corruption.

Everything that has been sacrificed would be in vain then.

http://ramumine.wordpress.com/2013/09/05/...l-miners-making-millions/

Malum Nalu

BOUGAINVILLE landowners continue to rake in millions of kina from small-scale gold mining as the Autonomous Bougainville Government (ABG) moves to set in place new mining policies and laws.

Constitutional lawyer and Bougainville expert Anthony Regan told the “Sustainability of Bougainville” seminar last Friday that huge amounts of gold were moving out with little or no control.

The proposed Bougainville Mining Act will manage, among other things, this uncontrolled small-scale mining by landowners.

   “We don’t know how much gold is going out of Bougainville,” Regan told the seminar.

   “Until last year, there was a refinery operating in Buka, under an Italian company.

   “They were paying quite a good price for gold.

   “They were smelting between three-10kg of gold a week.

   “Landowners who brought in their gold were getting K100,000 a kilo.

   “Some weeks, there was a million kina being paid out by the company, which made it clear that they were only getting a small portion of the gold.

   “There was a lot going to Solomon Islands, lots going to illegal buyers, some going to refineries.

   “We don’t know how much gold is produced in Bougainville.”

Under the proposed Bougainville Mining Act, ABG would have more control of this small-scale mining.

   “There are many thousands of Bougainvilleans who are doing small-scale mining,” Regan said.

   “They’re all doing it illegally unless they’re doing it on their own land, in a riverbed and without using any machinery.

   “Just about all of them are illegal.”

...sich etwas: Interessante Artikel auf www.bougainville-copper.eu !

 

zwischen ABG und PNG - oder Vorbereitung für die Übertragung der BCL Aktien?:
http://bougainville.typepad.com/newdawn/

"...President of the Autonomous Bougainville Government, the Hon. Chief John Momis, GCL, MHR welcomed the statement by the Prime Minister Peter O’Neill, CMG, MP that the national government remains committed to improving living standards and business environment on Bougainville through the funding of various impact projects in the AROB.
President Momis noted and confirmed that this commitment was strictly in accordance with the agreement reached and resolved at the Holiday Inn JSB in February, 2011 in Port Moresby at which time agreement was reached on a funding tranche of K.500million from the national government to Bougainville.
The President noted that the Autonomous Bougainville Government expected the national government to fully respect and live up to its obligation in this regard. He was happy to hear that the Prime Minister was confirming his government’s intentions to honour the agreement..."

und als Zeitplan:
",,,Bougainville is now embarking on its own Public Finance and Management Act, its own Tenders and Procurement Act which will be introduced in the 1st January 2014. These measures will provide stringent guidelines in relation to government enterprises and activities..."

 

....das alles ist seit vielen vielen Jahren kein Geheimnis und den Beteiligten bekannt. Ebenso die daraus resultierende gewissenlose und menschenverachtende Umweltzerstörung ( Gifte und Schwermetalle) und Umweltbelastung. Bezeichnender Weise wird bis jetzt aus reiner Profitgier diese Thematik kaum von den Beteiligten thematisiert. Aber dafür natürlich umso mehr die Versäumnisse aus der Vergangenheit.
Auch wieder ein Beispiel dafür welche Schieflage die Diskussion des contra gegen  ein re-opening der Mine hat. Hier sind schleunigst eine schonungslose Offenlegung/Aufklärung über die tödlichen Gefahren und vor allem  Durchsetzung von Maßnahmen zugunsten der Lebensqualität der Bewohner unbedingt erforderlich.