Trading Bougainville Copper (ADRs) 867948

wenn ich mich richtig erinnere, dann habt Ihr 2008? L.D. auf der HV getroffen. Dann müsste er doch Aktionär sein - oder?  

In PNG ist es ähnlich wie in den USA: Banken (etwa die BSP) bieten keine Möglichkeit, ein Aktiendepot zu verwalten. Dieses kann nur über einen Broker geschehen, was dort allerdings sehr kostenintensiv ist und wo es möglicherweise Mindestanlagesummen gibt. L.D., der seinerzeit in Port Moresby arbeitete hatte - berechtigt oder nicht - Zugang zu der HV. Ebenfalls waren mehrere andere Landowner anwesend. Ohnehin waren die Zugangskontrollen derart lasch, dass auch jeder Hotelpage oder Taxifahrer hätte teilnehmen können. Selbst bei den Abstimmungen war keine wirkliche Kontrolle gegeben, weil die Mehrheit ja ohnehin bei Rio Tinto liegt und die Abstimmungen somit eine hübsche Farce waren. Meines Wissens nach hält L.D. allenfalls - wenn überhaupt - geringe "Hardcopy" Anteile (siehe: http://www.bougainville-copper.eu/sammleraktien-2.html ) . Mir gegenüber hat er dies allerdings nie erwähnt.  

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New post on Papua New Guinea Mine Watch


Morumbi Resources climbs 110%, playing long game as island politics rage on
by ramunickel
Chris Parry | Stockhouse

A Toronto-based junior mining explorer is taking the high road through a Pacific island political process that risks setting the tiny island province of Bougainville back into a civil war, forming alliances with traditional land-owners with a view to securing mining rights should the government figure out a mining policy.

At stake, a massive resource stockpile that mega-giant Rio Tinto says belongs to that company, and a furious population that are fresh out of a ten-year civil war and blockade that began on the back of environmental abuses the company is alleged to have taken part in.

Currently, the Bougainville government is trying to find a way to get mining kickstarted again while satisfying both extremes; traditional land owners and large mining companies kicked out of the country when hostilities broke out. And, because it’s a Pacific island government, dealing with the requisite allegations of corruption and vote-rigging.

In the middle sits Morumbi Resources  working with the population to build trust in their business model, by paying the wages of local teachers, building schools, flying in mobile clinics, and importing pregnant cows to get a local beef industry going. V.MOC has also trained locals up and pledged to mine sustainably, with underground projects focusing on high-grade returns.

The company has duly been cited by local press as being an example other companies should follow – which isn’t a bad rep for a microcap with a tight share structure, a $4.6m market cap, and a small legacy oil operation with a limited lifespan.

Should the locals get their mining policy sorted, Morumbi stands to benefit wildly. Should the island revert to civil war or succumb to the majors, Morumbi stands to lose everything.

Taking a firm position in sustainable mining, microfinancing local businesses and community infrastructure development puts Morumbi at the polar end of the spectrum from Rio Tinto, which is relying on lobbying and the influence of outside players to force Bougainville’s hand, while refusing to discuss compensation or apologies.

It also potentially makes Morumbi an attractive retail investment to people with ethical standards that would normally preclude them making an investment in a mining play.

Shares of the company touched $0.045 on news the political situation is again dragging, but quickly bounced to $0.105 Friday on the back of high asks.

ramunickel | November 18, 2013 at 3:08 pm | Tags: Bougainville, Landholders, Morumbi Resources, Panguna, Papua New Guinea, Rio Tinto | Categories: Mine construction, Papua New Guinea | URL: http://wp.me/pMvf7-2Qg
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....Shares of the company touched $0.045 on news the political situation is again dragging, but quickly bounced to $0.105 Friday on the back of high asks.

......super nachdem sie 2 Tg.vorher durch VK ~ 1mio shares um mehr als die Hälfte runtergeprügelt wurden.  ;-))))))))))))))  

Nov. 2013

"Over the next 12 years, we are expecting the amount of copper in the Chinese power grid to double"

Ben Carstein, manager, Industry Analysis, Rio Tinto Copper


Quelle : http://www.riotinto.com/aboutus/mines-to-markets-5228.aspx  

Mit dieser Wahl wird auch über die Panguna Mine entschieden, da ohne sie keine
Independence möglich ist.

The people of Bougainville have been put on a state of readiness to receive the date for the crucial vote on Independence.
The Autonomous Bougainville Government has declared that next year, 2014, will see a vote taken to set the date for the referendum on Independence as 2016.
The timing of the date with destiny will be decided when the Bougainville House of Representatives meets in a special sitting early in 2014.
“Are you ready, or are you afraid?” President John Momis asked his people.
“We are the indigenous people of our motherland Bougainville.
“We alone have to decide our future, our destiny.
“No outsider can decide for us,” he said.
Dr Momis challenged Bougainvilleans to rise up and be counted when the referendum date is set, saying there was no time to be lost.
“We must all be ready to seriously decide.  The decision we make will determine our future.
“Let us be prepared to dream the impossible and make it possible.
“People who dream have belief, and hope that one day that they will benefit from the fruit of their dreams.”
At the same time, he urged Bougainvilleans to turn their dreams into concrete development.
He said if the decision-making process was visible, the outcome would be acceptable to all, including foreign investors and governments.
“Bougainvilleans have to prove that we are not crying for money alone. We are crying for justice, crying for freedom.
“We didn’t fight for money alone. We fought for justice and freedom at the same time.”
Dr Momis said the political process has now reached an important stage. The autonomy phase was already history and the people of the region had arrived at the crossroads as they faced the referendum on Independence.
The president said the Momis-Nisira Government was showing leadership and the authority to govern.
“We have a task, and when we die we will have no regrets.  This is a government for all Bougainville.
“We sacrificed many lives during the crisis.  What justice will we give them?  Let us prepare to make the right decision for future generations,” Dr Momis  

"The Autonomous Bougainville Government has declared that next year, 2014, will see a vote taken to set the date for the referendum on Independence as 2016."

Verstehe ich so: Man will 2014 darüber abstimmen, ob man 2016 abstimmen will.

Momis will scheinbar einen Testlauf um die Chancen auszuloten  

http://www.bougainville24.com/abg/...tment-law-lays-out-key-criteria/

Foreign investment law lays out key criteria

Radio New Zealand International
The autonomous Bougainville government in Papua New Guinea is about to gazette new laws establishing controls on foreign investment.
The Inward Investment Bill was passed by the ABG parliament on Wednesday last week and aims to ensure that any foreign investment is responsible and meets Bougainville"s cultural, economic and social needs.
A New Zealand company, Tuia International, has spent more than two years in Bougainville, preparing a policy on responsible investment which chief executive Tim Gibson says is incorporated into the new law.
He says every inward investment proposal will have to meet six clear criteria.
"And that is defined as being aligned with the values and culture of the people of Bougainville – ethical, moral and fair, recognises and protects land rights, is environmentally sustainable, involves maximum participation of the people and achieves social and cultural outcomes."

Heißt für mich: Wenn Kauona und wer auch immer, ein auf ihre Interessen zugeschnittenes Mininglaw haben wollen, dann wird die Kontrolle eben auf andere Weise sichergestellt.
Ein cleverer und überfälliger Schritt.  

Posted at 04:52 on 19 November, 2013 UTC
The autonomous Bougainville government in Papua New Guinea is about to gazette new laws establishing controls on foreign investment.
The Inward Investment Bill was passed by the ABG parliament on Wednesday last week and aims to ensure that any foreign investment is responsible and meet Bougainville’s cultural, economic and social needs.
New Zealand company, Tuia International, has spent more than two years in Bougainville, preparing around the law.
Chief executive of the company is Tim Gibson, and Don Wiseman asked how they became involved.
TIM GIBSON: As you know, Bougainville is a resource-rich island in the Pacific. It has suffered a terrible civil war as a consequence of challenges around the Panguna mine. Post-conflict there as they’ve been trying to recover their economy. A lot of less-than-savoury characters have been turning up, trying to take advantage of that situation. And the government of Bougainville was getting very concerned about how could they encourage investment that would meet their economic needs, but also protect their society?
DON WISEMAN: And you’ve done what?
TG: So in the last two and a half years we have worked with them to develop a policy setting around inward investment, the purpose being to create an enabling environment which would lead to responsible inward investment, but that responsible inward investment must meet the needs of Bougainvile’s cultural, social and economic needs. So we developed the policy which was approved by the ABG. That policy then fed into the legislation, which we drafted. Paralell with that, we’ve also been building the Bougainville Inward Investment Bureau in terms of its operating policies and processes and linking, where possible, with the IPA - Inward Promotion authority of the PNG national government.
DW: So how, for instance, do you ensure that you’ve got bona fide foreign investors knocking on the door?
TG: They key principle of the Bougainville Inward Investment legislation is the concept of responsible investment, which is enshrined in the legislation, and that is defined as being aligned with the values and culture of the people of Bougainville - ethical, moral and fair, recognises and protects land rights, is environmentally sustainable, involves the maximum participation of the people and achieve cultural and social outcomes. So every Inward Investment proposal has to be measured against those six criteria, and they are criteria which were developed locally in conjunction with businesspeople and most importantly the landowners and people of Bougainville. And it creates quite a high hurdle in terms of a responsible investor. But if we put it into our own context they are criteria which you’d expect sensible, responsible investors to be meeting anyway. The problem has been they haven’t in the past.
DW: In terms of your contact with the people, the input from the people, how did you do that?
TG: We held a series of workshops around Bougainville, meeting different affected parties - be they landowner groups, be they business groups, be they womens groups or social groups - and discussed and debated quite thoroughly with them what the issues are for them. In Bougainville, there is a strong recognition that they cannot realise their potential unless they have access to outside capital and outside expertise. That is a given. But they don’t want to see a situation as has happened elsewhere in the Pacific, whereby an investor will come in and take the quick and easy pickings, create a mess and then pack up shop and leave, and then the people are left to deal with it. They want investors to come in with a secure and transparent arrangement around them and to operate and get a return on their investment, but also contribute to building Bougainville.
DW: There have been quite a number of things that the government has talked about it wants to ensure that certain retail businesses are exclusively in the hands of Bougainvilleans, this sort of thing. So is that within this...?
TG: Yes, that is correct. The legislation has a power for the Bougainville Executive Council to make regulations. And one of the first regulations they intend issuing is around restricted industries. And those are exactly as you described - businesses which should be retained for the benefit of the locals. They’re things such as kai bars or food bars or local taxi services or local boat services. In a place like Bougainville there’s a natural progression from growing a little bit of surplus in your garden, selling it in the local market and then progressing potentially, perhaps, to a small retail food operation. To ensure that that natural progression is retained for the benefit of the people the intention of the Bougainville government is to have some restrictions in place to reserve those activities to Bougainvilleans.
DW: It’s become law. At what point is it going to be implemented?
TG: The law was passed by the ABG parliament on Wednesday. It hasn’t yet been gazetted. We expect that to occur in a matter of days or possible weeks, but certainly a very short timeframe. So essentially we can assume that that is now effective. And the policy framework around it is now the policy so people will have to operate according to that.
DW: Alright. This was the first involvement, I understand, by Tuia International in Bougainville. Is it going to be the last?
TG: No, we’ve also been working with the government over there, doing a stocktake of their non-mining sectors. Obviously there’s a lot of discussion about the potential reopening of Panguna. Whether or not that progresses, there are still many other opportunities in the Bougainville economy for local people to benefit, and they are things such as cocoa, virgin coconut oil, other vegetables, fruits, inshore fishing, potentially some more offshore fishing. So we’ve been working with them to identify some quick wins in those sectors with a view to implementing those projects so the Bougainville economy can get a kick-start. The key thing from our perspective, throughout our engagement in Bougainville, has been to be focused very much on things which are practical and things which are built from the ground up in terms of what the local people can do and aspire to do.  

211113 SPECIAL INTERVENTION FUND SIGNING
(ABG Media)

A Memorandum of Understanding of the Special Intervention Funds will be
signed between the national government and the Autonomous Bougainville
Government.

The MoU signing which will take place on Friday (22 November) at the
Hutjena High School Hall will contribute significantly to efficient
implementation and delivery of high impact projects in the Bougainville
region.

The signing of the SIF Guidelines wraps up weeks of tireless work by the
joint working committee of the GoPNG and ABG following the recent JSB
meeting in Kokopo in which both governments resolved to the development of
an administrative and acquittal arrangement for managing the SIFs.  

...  funktioniert bei mir wieder seit ein paar Tagen nicht   (www.bcl.com.pg).

Kommt da was neues ?
Haben die Probleme ?
Haben die ne neue  URL ?
Oder funktioniert bei mir nur etwas nicht richtig ?
 

Das muss nicht an dir liegen, es gibt in regelmäßigen Abständen Probleme mit der Homepage.  

......wartet denn da in FRA noch auf 150K? ;-)))

 

Man probiere es mit: http://www.bougainville-copper.eu/
Dann klappt es!  

http://bougainville.travel/

231113ABG INVITES BOMB EXPERTS
By Aloysius Laukai

The Bougainville Acting Chief Administrator, CHRIS SIRIOSI this afternoon clarified why seven
... but only 2 remove WII bombs :-)

Australian Defence Force Soldiers are on Bougainville.
In a press release made this afternoon after the uniformed soldiers got off the plane at the Buka airport on the AIR NIUGINI, MR. SIRIOSI explained that these group of soldiers were invited by the ABG to remove un exploded World War 2 Bombs and ammunitions in the TOROKINA area of South Bougainville.
He said that this group is an advance party of a much larger group who will be based in Torokina for this program.
The Chief Administrator said that the group will be in Torokina from the 27th of November and will return to Buka on the 2nd of December.
They will leave Buka on December 5th,2013.
He said that persons who want more information can call the Division of Media and Communication on Telephone 9739978 or Mobile number 72375576.  

THE Autonomous Bougainville Government (ABG) has passed a law on inward investment to balance economic development with the needs of local people, Tuia Namani International director Hubert Namani said. He described the passing of the investment law as "historic moment in Bougainville and PNG". Mr Namani said: "Too often in this part of the world, we have seen investment took (sic) place with no thought for the consequences on the indigenous people. The ABG's model for responsible investment means that only the right type of investors will be able to operate in Bougainville, not only to bring in the much-needed expertise and capital but also ensuring that the needs of Bougainvilleans are met. This is a great example of how to tailor policy and legislation from the ground up to meet local aspirations."

Source: http://www.fijitimes.com/story.aspx?id=252383

Friends, I'm in Bougainville now, working with the ABG. This is the first time I've been able to connect since Sunday. I don't have mush time, as we are very busy. So I'll not even try to comment on the various interesting points different people have been making. But I do note, briefly that a couple of comments seem to be based on misunderstandings about the kind of work I do. I should therefore clarify: As a lawyer, I work for the ABG. I act on the instructions of the ABG. I do what the ABG asks me to do. Of course, like any lawyer, I am also often asked to advise on particular issues, but that is usually restricted to legal issues. But because the Peace Agreement is the basis for complicated constitutional arrangements, where there is a lot of room for interpretation - and argument - and as a result very often a great deal of negotiation needed. The things I have been working on this year have been, as always, many and varied. They have included a role in development of the draft Bougainville Mining Law - work that I have been doing with Bougainvillean lawyers, officers of the Bougainville Mining Department and many others. The draft Mining Act is still the subject of awareness and consultation. In much of the comment on it there's been many quite serious misunderstandings -  so much so that sometimes it looks like people commenting have not read or understood it. While some commenting on PNG Mine Watch and on PNG Exposed blogs have attacked what President Momis has said about it involving a radical new approach (or words to that effect), I disagree with them. The ABG is really trying to give a great deal of protection to landowners. For example, the current draft provides that customary owners of minerals will have a right of veto over exploration licences. Those critics attack the idea of landowners being represented in decision-making by democratically established associations of landowners. Perhaps there might be better ways of ensuring landowners have valid spokespersons, but the ABG is not yet aware of them. The Administration is trying very hard to do this properly. Another important aspect of the draft law which no-one comments on is the fact that it aims to legalise almost all the small-scale mining that under PNG law is now illegal  -  for at present the only legal small scale mining is alluvial mining by a citizen on his or her own land, but only if its in or within 30m metres of a river bed (wet or dry). Mining on anyone else's land is illegal, as is mining with any kind of  machinery. So the draft Act makes it legal to mine on any land of your own (river bed or not, machinery or not) and on anyone else's land with agreement of the landowners, provided its on land less than 0.5 hectares.  (And by the way, in relation to the research grant I'm involved in to study illegal mining, because of this push - in which I've been heavily involved - to ensure almost all small-scale mining is legal, the title of the project has been changed to 'Small-scale and illegal mining'. The project is in no way directed to trying to shut down small-scale mining - rather the opposite. The main aim with small-scale is to get a better understanding of the needs and problems of the people doing that kind  of mining, particularly because its become such an important industry in Bougainville, with many, many people relying on it for their main income. And while on the subject, the implication - intended or not - of some comments on that research project has been that somehow the money for that project comes direct as income to me and my co-researcher. That is absolutely untrue - research grants of this kind can only be spent on the approved research budget, and accountability for the expenditure is very tight indeed.) But I also need to emphasise that the work I do for the ABG does not involve only mining related work. In fact, that's a fairly new area for me. This year, for example, I've also been involved in much other work. That's included work (together with many other officers) on aspects of development of a separate Bougainville public service (including issues on both the draft Bougainville Public Service Act and the Bougainville Public Finance Management Act. A major area of work has been on funding for the ABG from the National Government, including issues about calculation of some of the grants to the ABG. These are just some of the examples, amongst many. But I realise that what was going to be a brief post has got long. And I need to get back to some work in relation to the draft Bougainville Public Service Act.

 

deine Kinder???  

 

"auf die paar Monate .... " ;-)))  

als "Sparbuch in Rohstoffen" und schau nicht wöchentlich oder sogar täglich auf den Kurs, wie die Schlange auf die Flöte.

Wichtig ist nur, daß du keine Kredite hast und nicht verkaufen mußt.

Kredite sollte man allerdings sowieso nur in extremen Ausnahmefällen haben, da das Leben zu kurz ist, um Teile seiner Lebenszeit abzugeben, wegen der Bedienung von Schulden und Zinsen.

Wenn du das so betrachtest, kannst du gemütlich abwarten und dir überlegen, wie es weiter geht - während du den Anstieg der US-Schulden anschaust: http://www.usdebtclock.org/