Trading Bougainville Copper (ADRs) 867948
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Board membership legal
BOUGAINVILLE Restoration and Development Authority (BRADA) board members were sworn into office yesterday.
The BRADA board members were sworn in at the Bougainville administration conference room by the district court magistrate Bruce Tasikul, witnessed by Autonomous Bougainville Government President Joseph Kabui, vice president John Tabinaman, Bougainville House of Representatives Speaker Nick Peniai, acting chief administrator George Manu and chief executive officers of the Bougainville administration.
Under the chairmanship of former Bougainville administrator Sam Tulo, BRADA is a new organisation which was established by the ABG to oversee the effective delivery of government services to the people. It will also be responsible for the awarding of tender contracts to registered contractors. There are eight members on the board, with prominent Bougainville woman leader Josephine Harepa as the only female.
After the swearing in Mr Kabui challenged the BRADA board members to carry out their responsibilities as the future was in their hands.
http://www.postcourier.com.pg/20071130/frhome.htm
GOVERNMENTS have failed to learn a lesson from the Bougainville crises, Imbongu MP Francis Awesa warned Parliament yesterday.
When debating the 2008 budget, Mr Awesa said various agreements were signed in the 1990s and other various agreements with different developers and the National Government undertook to rebuild and seal the remaining section of the Highlands Highway from Mendi to Nipa, Tari, Koroba and Kopiago.
The Imbongu MP said after 17 years and billions of kina gone into the budget of Papua New Guinea from oil fields in Southern Highlands, this major highway remained a dream despite numerous promises.
He asked: “Would this government give some assurance to the nine Members of Parliament from the province and the 600,000 people they represent that this project will be funded before any decisions are made on the future of the gas resources in the province?
“Southern Highlands has really empowered the country but my province is still waiting for some substantive action by any government past or present.”
Mr Awesa said the Government and the people of PNG must say “Thank You” to the cash cow that had been feeding them for the past 17 years after the collapse of the Bougainville mine. It continued to contribute to this year’s budget more than 50 per cent of the revenue through royalties and indirect taxes from Kutubu, Gobe and Moran Oil and billions to come from our gas reserves.
He said: “The ungrateful ‘father’ should be warned that people of the province can no longer be spectators to the exploitation of their resources by foreign companies and ungrateful government.
“It seems that no one in government or the bureaucracy has learnt the lessons of Bougainville where people’s patience and cries for attention of injustices were ignored resulting in the crisis and lose of thousands of lives.”
AFI (up von 460 auf 615)
ARG (up von 700 auf 818)
BKI (up von 135 auf 147)
MLT (up von 2000 auf 2245)
Im Durchschnitt also 16% Plus,zusätzlich der Dividenden ;-)))))))))))))))
§
LAST NETCHG§BID / SIZE ASK / SIZE HIGH YR HIGH
1.350 0.000 1.350 1.360 CLOSE OPEN 1.365 1.940 §
1.350 0.00 12895 2500 1.350 1.350 §
1.350 %CHG §30 NOV 2007 1.300 0.630
1.350 §VOL LAST / ACC VWAP LOW YR LOW
1.350 MOVES 1500 541434 §
0 119105 §
Intervention force is not the answer, says Kabui
PRESIDENT of the Autonomous Bougainville Government Joseph Kabui has rejected suggestions to engage an intervention force to flush out criminal elements in the Konnou and Wisai areas of South Bougainville.
Mr Kabui made the decision when responding to two separate petitions addressed to him following the brutal killing of the deputy commander of the Bougainville Resistance Force (BRF) Jacob Naisi at his Oria village last weekend.
The first petition was from Bougainville ex-combatants.
They wanted immediate deployment of an intervention force to Konnou area and gave the government 14 days to respond.
The second petition by ministers from Mr Kabui’s own cabinet wanted the government to urgently expedite the weapons disposal programme to address law and order issues.
When contacted by The National, president Kabui said he did not believe an intervention force was the answer.
http://iworks.factiva.com/ur/...=0&sq=0&dq=0&ct=1&dp=0&rrst=0&stil=fr
BOUGAINVILLE COPPER TRADING VOLUME 2.5 TIMES WITH PRICE UNCHANGED
Australian Company News Bites - Stock Report, 3 décembre 2007 , 765 mots, (Anglais)
Kabui confident of Aussie help
THE President of the Autonomous Bougainville Government Joseph Kabui is confident that the new Australian government will help the Pacific Island nations to reach new heights.
Mr Kabui said he had discussions with members of the Australian Labor Party prior to the elections last month and was told that aid to the Pacific Island countries would be “people-oriented”.
He said he was also told that ALP was keen to develop eco-tourism in the region.
“This is an aspect of economy building which Bougainville is interested in as I believe, we have the potential,” Mr Kabui said.
He also hoped the Labor Party would take a more friendly stance on the issue of seasonal workers than the previous government under John Howard.
Bougainville fisheries poised to grow
By PETER KORUGL
THE local fisheries industry in the Autonomous Region of Bougainville will reach new heights when the two initiatives pending approval from the autonomous government are given the green light by the Kabui Government.
The division of fisheries in the autonomous region informed the National Provincial Fisheries conference in Lae last week that the Kabui government has yet to give its blessing to the setting up of a company formed by the fishermen and the facility for tuna long line fishing industry.
Provincial fisheries chief Jinro Boisen said the long line facility was a joint venture between the local fishermen and the New Zealand Hahlis group.
He added the company formed by the fishermen would be called the North Solomons Fishing company.
Mr Boisen told the delegates in Lae that this would enable local fishermen to catch tuna and sell them directly to the fishing company, which will provide the company an avenue to export its catches.
He said that it would also create employment opportunities for the people in the province.
Mr Boisen said the North Bougainville Women Fishing Project, started recently for the women to participate in the fishing industry, was expected to maximise output in the sector.
He said that the inland people were starting their inland farming by breeding carps and other inland fish products.
He said aquaculture activities had started in the mainland areas of Bougainville.
Prior to the Bougainville crisis, agriculture and fisheries sectors were neglected as the Panguna mine was the main source of revenue for the people in the province.
However, when the crisis emerged and the mine was closed, people turned to other ways of survival through agriculture and fishing activities.
Mr Boisen said a small percentage of some households depended on betelnut selling, traditional basket sales and other informal sector activities, whilst most of the people concentrate on fishing and harvesting of marine resources to sustain their living.
He said Bougainville was comprised of many atolls and many people fish around the waters of Buka.
He said that few companies had the export licence to buy fish and export.
However, none of them have proper storage and processing facilities like ice plants as fish is a perishable commodity.
Mr Boisen said Bougainville had an abundance of marine resources including, tuna, beche-de-mer, reef fish, pelagic fishes, sharks and many more.
Kurzfristiger Kommentar
Beachten Sie Preiserholungen über 1.2591 da hier interessante Stufen zum kurzfristigen Markteintritt bestehen.
Mittelfristiger Kommentar
Mittelfristiger Preistrend für BOC ist im Aufwärtsbewegung in dieser Woche. Diese Aktie schneidet überdurchschnittlich zum MSCI-AUSTRALIA mit 66.5327 ab. Abnehmende Volatilität im letzten Monat.
Ein paar Gedanken zum Tagesausklang.
Bougainville Copper (ASX: BOC) unchanged at $1.35 on Tuesday December 4.
Compared with the All Ordinaries Index which fell 24.5 points (or 0.37%) on the day, this represented a relative price change of 0.4%.
PRICE-VOLUME DYNAMICS
The stock traded between a low of $1.30 and a high of $1.40.
In the Australian market of 2,117 stocks it has 6-month relative strength of 94.0 which means it is beating 94.0% of the stocks. The price to 200-day moving average price ratio is 1.5.
There were 76,289 shares worth $102,398 traded compared with its average daily trading value of $49,043.
The volume was 1.556 times normal trading of 49,037.The closing price was at a discount of 30.4% to the 12-month high of $1.94 and a premium of 104.5% to the 12-month low of 66c.The turnover rate in the 12 months to date was 3.1% (or a turnover period of 32 years, 9 months).
PNG Post Courier
1
17
Englisch
Copyright 2007 News Ltd. All Rights Reserved
CHIEFS in the Sapani area in the Solos area of the Peit constituency on Buka Island will now be able to police the village rules which they had set to govern their villages.
This follows a reconciliation ceremony held last week at Natsitsi village between the chiefs from the Nakarip and Naboen clans.
The reconciliation ceremony paves the way for them to form their community government which will be known as the Sapani Village Assembly (SVA).
Those present to witness the reconciliation ceremony included the Minister for Police in the Aut-onomous Bougainville Gove-rnment, Ezekiel Massatt, Member for Peit constituency Lawrence Belleh and the Member for Ex-combatants in North Bougainville Marceline Getsi. The reconciliation ceremony started off with a traditional ritual known as hin kohen in which two women chi-efs weaved a basket made from coconut leaves symbolising chiefs wish to work together
In a sign that mining giant BHP Billiton (bhp.ASX:Quote,News) has failed to reassure its Chinese steel customers that its proposed $160 billion takeover of Rio (rio.ASX:Quote,News) is not a threat, Xu Lejiang, president of the country's biggest steel maker, Baosteel, reportedly said a counter bid was being actively considered.
But amid conflicting signals out of China, the prospect of the Chinese steel industry launching a full counter-bid appears remote, given the scale of the bid, the complexity of the business and likely national-interest concerns in Canberra.
"My own view is that the talk of potential Chinese interest is part of a guerilla campaign against the bid and isn't likely to amount to a serious proposition," HSBC chief economist and former Keating adviser John Edwards said.
BHP in sight
Rumours of a Chinese bid have previously been denied by China Development Bank, then by China Investment Corp, the new sovereign wealth fund with $US200 billion at its disposal.
More realistically, the Chinese might be seeking to scare off BHP. More worryingly for both BHP and Rio, which has aggressively rebuffed BHP's bid, the Chinese may also consider a blocking stake in Rio. Such a poison pill could ward off BHP and be a weight on Rio's share price.
Speaking to China's 21st Century Business Herald, Baosteel's Mr Xu said: "We are still studying the plan and are discussing how to launch a bid. If you ask how strong the possibility is, it'squite strong. But of course, there are other possible responses as well."
Mr Xu said he anticipated having to pay well over the BHP offer price. "I'm afraid $US200 billion won't be enough," he said.
When asked about Xu's comments, the China Iron & Steel Association Vice Secretary General Qi Xiangdong said the industry body is "closely watching" BHP's bid for Rio.
Joint bid considered
An executive at Chinese steel maker Shougang, Chen Hanyu, was also quoted by Bloomberg as saying a bid was being discussed. "A few of the biggest steel makers in China and the central Government may team up for the bid," he said.
But another Shougang executive later denied the report, saying Mr Chen had been misquoted and was not authorised to talk to the media.
"Shougang isn't involved in and will not be involved in any joint bid for Rio Tinto," Mr Chen's boss, Tan Yixin, told Reuters.
The Chinese Government and steel industry are worried that a combined BHP-Rio would have too much bargaining power on iron ore prices, which have risen 140 per cent in the past five years.
Combined, BHP and Rio would control 38 per cent of the world's seaborne trade in iron ore, in line with leading producer, Brazil's CVRD.
The Chinese Government, ultimate owner of almost every significant company in the sector, has co-ordinated another meeting to discuss options through its National Development and Reform Commission.
China has immense foreign reserves - about $US1.4 trillion - but the amount required to trump BHP's bid for Rio would make a significant dent in them.
The market capitalisation of the biggest mill, Baosteel, is only about $US40 billion ($45.7 billion).
The Chinese Government has been cautious about provoking international controversy about such bids, after a political storm in the US forced China's chief oil company to abandon a $US18.5 billion bid for US oil major Unocal two years ago.
In 2001, the Howard government used its "national interest" powers to block a bid by Shell for Woodside.
Mr Edwards said he believed Canberra would be unlikely to reject a Chinese-backed bid for Rio simply on principle. But he said strict conditions, including guranteed transparency on iron ore pricing, could prove too onerous for a bid led by the Chinese steel industry.
Separately, Rio's message that BHP's informal three-for-one offer is too cheap and not worth considering has resonated with analysts, who have upgraded their valuations.
Austock resources analyst Tim Gerrard has substantially upgraded his valuation on Rio and suggested BHP would have to raise its offer to 3.9 shares-for-one to get Rio to the negotiating table.
And beyond that, BHP may have to pay an additional $20 a share to get Rio to agree a deal, equivalent to an overall bid price of around $188 a share.
That is about double where Rio shares were trading just two months ago, and compares with its close yesterday at $143.10 a share, a 10 per cent premium to the implied value of BHP's offer.
Rio shares were down 2.6 per cent on the back of lower metal prices overnight, with speculation of China intervening to block BHP.
BHP was helped by higher oil prices to be relatively unscathed, losing 10c to $43.10.
"The BHP proposal has acted as the catalyst for the true value of Rio's assets to be recognised," Mr Gerrard said.
While BHP shares were trading at a 15.8 per cent premium to his revised net present valuation, the market wasn't yet factoring in any premium to Rio shares, based on his new valuation on Rio of $144.60 a share.
That is an increase of 45 per cent on his previous valuation. He increased his valuation on BHP by 23 per cent to $37.10 a share.
But the BHP camp has previously dismissed suggestions that the market has been undervaluing Rio, arguing that it is a highly traded and well analysed stock.
Last week, Rio boss Tom Albanese set out an aggressive growth plan for the company, with plans to ramp up iron ore output. He also revealed that growth projects were bigger than previously thought.
Rio also increased the anticipated savings from the takeover of Canada's Alcan by 50 per cent to $US940 million.
‘Rid us of weapons’
Dürfte mit dem Abschluss von immer mehr Versöhnungsfeiern auch etwas leichter werden ;-))))))))))))))))))))))))))))
THE presence of weapons will continue to pose security threats to the people of Bougainville, a local leader says.
Unless all the weapons in the region are recovered or destroyed, people will have reason to live in fear.
This is the belief of one of the leaders from the region who wished not to be named due to security reasons.
According to the leader, the Autonomous Bougainville Government should quickly find ways to deal with this issue and remove the remaining weapons still on the island before more lives are lost.
The leader’s plea follows the recent murder of the deputy chairman of the Bougainville Resistance Force Jacob Naisy at his village last weekend.
He said if the ABG government had tackled the weapons disposal issue soon after the formation of government, Mr Naisy and others would not have been killed.
AU Schlusskurs 1,40 AUD 0,8312 € 1,2253 USD
Zwar nur ein VOL von 7,7K diese wurden aber alle in 10 Trades aus dem ASK gekauft.Seit von D keine Shares mehr nach USA vertickert werden geht das Angebot in AU konstant zurück.Das immer wieder aufgefüllte BID a 1,35 AUD muss also noch etwas warten. ;-))))))))))))))))))))))))))
Trade Time Price Volume Value
1 10 3:55:31 pm 140 180 $252
2 9 3:55:31 pm 140 120 $168
3 8 3:55:31 pm 140 120 $168
4 7 3:07:43 pm 140 120 $168
5 6 3:07:26 pm 140 2,500 $3,500
6 5 1:59:27 pm 140 120 $168
7 4 12:35:02 pm 140 120 $168
8 3 11:29:24 am 140 180 $252
9 2 10:56:01 am 140 4,000 $5,600
10 1 9:59:50 am 140 240 $336
BOC.AX§BOUGAINVILLE 05 DEC 2007 04:55 ASX BOC AUD
§
LAST NETCHG§BID / SIZE ASK / SIZE HIGH YR HIGH
1.400 0.050 1.350 1.400 CLOSE OPEN 1.400 1.940 §
1.400 3.70 10000 32300 1.350 1.400 §
1.400 %CHG §04 DEC 2007 1.400 0.630
1.400 §VOL LAST / ACC VWAP LOW YR LOW
1.400 MOVES 180 561488 §
0 7700 §
Governance of Papua New Guinea’s natural resources should address both the legal and illegal exploitation of our resources.
Resources need governance
Natural resources can generate wealth and contribute to peace and development.
However, if poorly managed, they can also become a burden. Conflicts associated with natural resources are problems that require political support at national and local levels in order to generate workable solutions. The United Nation’s fact finding group also acknowledges that good resource governance is essential for peace, security, and sustainable development.
Natural resource “governance” should address both the legal and illegal exploitation of resources in PNG.
It is important to ensure that the country's natural resource wealth serves as an engine for sustainable socioeconomic development rather than being a source of civil conflicts and underdevelopment.
There are several possible pathways to ensure that natural resources are well-managed:
* natural resource exploitation should be treated as a governance issue, and addressed at all levels of government;
* there is a need for a broad and holistic approach that recognises the inter-connectivity between natural resource governance, and peace, security, and development issues;
* natural resource governance requires context-based solutions that derive from lessons learned from past experiences; and
* there is need for co-ordination, co-operation, and partnership when addressing natural resources and their impact on conflict resolution.
In PNG, the nature of resource conflict is associated with political motives and interagency interests. Therefore, proper governance of natural resources must be mandatory, participatory, transparent, and accountable.
The political and economic governance of resources and conflicts are crucial and therefore both must involve development strategies, and efficient and effective management practices, including revenue and expenditure management.
Social responsibility
When it comes to co-ordination and partnership with developers, the state often ignores the corporate aspects of resource governance.
Corporate governance should include government regulatory structures that recognise corporate social responsibility and civic society inputs.
Although national regulatory authorities such as the departments of Petroleum and Energy, mining and forestry and the newly established Mineral Resources Authority and Petromin are in place, most are guided by ad hoc policies and “loose legislative statements”.
A Central Resource Monitoring Authority (CRMA) should possibly be formed by amalgamating the functions of these regulatory authorities with the Department of Lands, as a “natural resource taskforce” dealing with resource management and conflict resolution. Also, a national equity distribution system could be established. The main function of a CRMA would be to oversee the operations of the distribution system, in accordance with a set of national resource governance guidelines. The CRMA, as the chief regulator, should be guided by the following policies:
* as the overseer of all contract agreements, CRMA should ensure that all resource developers' contracts, subcontracts, and joint venture agreements are aligned to the principal contract with the Government, and that they comply with the necessary standards, and eliminate the practice of secret clauses;
* based on past extraction experiences, the developers should cooperate with the State in implementing various guidelines and standards with all relevant stakeholders, especially the resource owners. New developers will be guided by CRMA's regulatory guidelines; and
* resource developers must ensure broad-based, active, visible involvement of affected communities in the approval, planning, implementation, and monitoring of natural resource exploitation, and should comply with international standards on the environment, labour, human rights and conflict sensitivity.
Rationale for the amalgamation
The existing incorporated land groups system has not been effective in resource coordination and allocation, particularly in disbursing royalties and dividends to the landowners.
Royalties from the extracted resources must reflect the true cost of exploitation.
To minimise avenues for conflict, royalties must include the cost of environmental degradation and capital depletion. Environmental accounting should be a key component of an effective socioeconomic and political governance of any development projects.
The use of ILGs was adopted by landowner groups in the Kutubu, Gobe, and Hides oil and gas projects in the early 1990s.
They serve as a benefits-disbursement mechanism, and have been legally endorsed in Part IV of the Oil and Gas Act 1998.
However, problems such as “ghost” ILGs, misuse of resource revenues by ILG leaders, struggles over ILG leadership, land disputes, unfair distribution of benefits, and lack of accountability in the ILGs have arisen.
The proposed governance mechanisms should incorporate the interests of all stakeholders in resource development projects.
A national land classification and allocation system covering all customary land in resource areas should form a national lands database system monitored by the CRMA. This database would be crucial in allocating royalties to the correct resource owners. The State and the developers are vital proponents in this process.
Perhaps recommendations from the National Land Development Taskforce concerning civil registration and birth certificates will have positive effects on ILGs’ functions and resource management.
The need for official documents from genuine landowners upon formation of ILG groups could be legislated under an ILG Resource (Management) Act, to formalise a resource distribution mechanism.
An ILG resource (management) Act
An ILG Resource Management Act would officially organise and recognise principal landholders, their subsidiaries, and associated stakeholders, and their customary land rights.
The present functioning of ILGs occurs under Part IV of the Oil and Gas Act 1998. The Associations Incorporation Act No. 142 and the Lands Dispute Settlement Act are vague in relation to ILGs and genuine resource owners.
Moreover, there are no independent legal provisions specifically outlining the channels through which royalties and other benefits should be distributed.
Therefore, ILGs must be legally strengthened through an Act of Parliament.
The rationale is that previous breaches of ILGs' functions and purposes under the Oil and Gas Act were not fully enforceable.
There is no independent legal framework to which ILGs can be accommodated, in relation to issues such as unfair equity distribution, leadership struggles, corruption, misuse of future generations' funds, and so on.
All existing forms of equities and funds from resource extraction that are held by entities such as the MRDC, and other trustees would be managed by the CRMA, based on the judgement and recommendations from the national lands classification system monitored by the Department of Lands.
This would represent a significant departure from arguments put forward under the colonially contrived Land Groups Incor-poration Act 1974, where the current structures for land registration, land titles, customary land rights, common property land rights, and land tenure systems are managed.
Surrender guns call
A COMMUNITY leader from Central Bougainville has called on former combatants to surrender their guns and destroy them.
Mathew Warapere, a former Bougainville Resistance Force unit commander, made the call following the recent killing of Jacob Naisi, a BRF commander from Buin in South Bougainville.
“I knew the late Jacob very well. He was an outstanding leader who supported the weapons disposal process,” Mr Warapere, from the Ipa area of Wakunai, said.
He said it was a sad thing for people on Bougainville to continue killing each other now that the Bougainville crisis was over. “During the weapons disposal period I was very honest.
“I gave up all my guns for the sake of peace on Bougainville,’’ he said.
“After getting rid of those guns, I felt free unlike when I was still in possession of the weapons where I usually had sleepless nights,’’ he said.
Mr Warapere urged those still holding onto guns to dispose of them, saying “those who live by the gun shall die by the gun’’.
“I would like to pass my condolences to the late Naisi’s wife and children and his immediate family members and friends. I hope justice prevails in the end,” Mr Warapere said.
RTE Shanghai - (www.rohstoffe-go.de) - Die Kupfer-Futures konnten heute in Shanghai zulegen, nachdem die Barclays Plc für das kommende Jahr Rekordpreise prognostiziert hatte. Grund dafür seien zurückgehende Lieferung und die weiter steigende Nachfrage in Asien, so Barclays. Barclays erwartet, dass der Preis im nächsten Jahr auf 8.800 USD je Tonne klettern wird um durchschnittlich bei 7.800 USD je Tonne liegen wird. In London lag der Durchschnittspreis für Kupfer in diesem Jahr bei 7.131 USD je Tonne. Der Februar-Kontrakt stieg heute um 2,6% auf 57.500 Yuan (7.784 USD) je Tonne.
Mittlerweile liegt der Kurs der ORGs in Fra mit 0,838 schon leicht über,der der ADRs mit 0,798 nur noch unwesentlich unter AU Aktienkurs.Damit ist das lukrative US crossen der ADRs wohl vorerst passé.
Buyers
Quantity Price
1 20,000 1.360
2 50,491 1.350
1 1,874 1.260
1 1,000 1.250
1 5,000 1.210
1 16,794 1.200
1 8,000 1.005
1 4,600 0.910
1 10,200 0.810
Sellers
Price Quantity
1.400 34,800
1.410 17,000
1.460 3,500
1.500 149
1.595 7,211
1.635 7,765
1.745 4,327
1.750 40,028
1.780 10,000
dürfte beim Jahres hoch von 0,68 erreicht sein und ab jetzt wird abgeladen!
Aussteigen ist jetzt wohl dass sicherste, gell nekro du weißt was ich meine!
Schrieb unser mimba aus dem Fusa Dummpushtread.
Auf seinen Wunsch hin also hier der Chartvergleich,Qualität gegen Trading Insider Dummpush. ;-)))))))))))))))))))))))))))