Trading Bougainville Copper (ADRs) 867948

07.12.2010
Source: Post-Courier


BCL shares to help


THE State’s 19.06 equity interest in the Bougainville Copper Limited (BCL) may end up with the Autonomous Bougainville Government (ABG) if Prime Minister Sir Michael Somare has it his way.
According to Bougainville President John Momis, Sir Michael has on several occasions discussed with him the question of disposal of the national government shareholding in BCL to the ABG.
“On every occasion the Prime Minister has proposed that the shares should be transferred to the ABG.
“The most recent occasion was in my meeting with him in Port Moresby on November 22, 2010,” Mr Momis said.
He said this when expressing concern about the lack of official feedback from the national government over ABG’s request for the prompt review of the pre-independence era Bougainville Copper Agreement. He said since taking over office in June 2010, priority was given to the issue of future mining activities on Bougainville. He said Cabinet had been fully informed about it since efforts were initiated under the former Tanis government which involved organising leaders from the six mining lease areas to be included in the review.
Mr Momis said in July this year that he officially wrote to the Prime Minister, prompting him to initiate the review which was officially stipulated under the 2008 memorandum of understanding (MOU) signed by former deputy Prime Minister Sir Puka Temu.
He said in that letter he requested the national government and Bougainville administration to meet with BCL to begin planning for the review. Mr Momis expressed disappointment that he had not received any official feedback on his initiative, prompting him to write again in mid-November this year on the same matter.When discussing the lack of response, Mr Momis revealed his discussions with Sir Michael, saying the 76,430,809 shares were the States main tax and dividend revenue source from BCL between 1972 and 1989.
“I welcome and support this proposal from the Prime Minister,” he said in relation to the BCL shares.Transferring the shares to the ABG would only be fair. Revenue from the Panguna mine paid for the development of the rest of PNG from 1972 to 1989 but now the situation is different,” Mr Momis said.

....dann geben sie mal den Startschuss für das BCA review und übertragen die BOC-Aktien...

...wenn´s nur so einfach wäre.....  

http://www.abc.net.au/cgi-bin/common/...e/stories/200801/s2150410.htm

Papua New Guinea's government says it wants a fair share of the ownership of minerals on PNG's autonomous region of Bougainville. Thousands of lives were lost in a civil war led by secessionist rebels over mining and environmental pollution by the once giant Bougainville Copper mine.

Presenter: Firmin Nanol
Speakers: Doctor Puka Temu, PNG's Mining minister

NANOL: PNG's mining minister, Dr Puka Temu says the government will transfer the mining functions and powers to the Bougainville government soon. He says a technical committee has been setup to help Bougainville develop its valuable mining, oil and gas reserves.

TEMU: The process has now begun for the autonomous Bougainville government and the national government to proceed towards going down the path in a phased approach for capacity building, training, while we are using the laws of Papua New Guinea on mining gas and oil. So that has been agreed upon.

NANOL: But President Joseph Kabui says Bougainville does not want the PNG government to have any say or ownership over mining on the island. He told the Prime Minister, Sir Michael Somare and Dr Temu during a recent meeting on Bougainville, that ownership must remain with the people of Bougainville.

PNG's Mining Minister Dr Temu says PNG law guarantees the government rights over minerals on the land. He says development laws over ownership of resources will be applied so PNG shares rights over minerals on Bougainville.

TEMU: The issue of ownership was discussed and we agreed in the memorandum of understanding that we will now establish a technical committee to look at all the relevant laws of Papua New Guinea related to ownership of resources and then in the next meeting, which will be the end of this quarter, hopefully March, will be to address the issue of ownership. Under the law at the moment the state owns all the resources below the land. And so what we will need to do is to look at how we can then go to the autonomous Bougainville government, which has also already agreed that in the absence of laws from the autonomous Bougainville government, the national laws will continue to take effect.

NANOL: He says the benefits should be shared equally amongst the government, the autonomous Bougainville government, developers and landowners.

TEMU: State should remain owner of all resources but in sharing the cake it's important that provincial government and resource owners have a bigger share of the proceeds that come out in terms of the tax arranged collection, royalties and all those things. So it's something that we believe that bigger benefits should go to the people. That's an issue that we can negotiate successfully.

NANOL: The PNG government is yet to lift the moratorium on mining on the island which has been in place since the 1990s. Mining Minister Dr Puka Temu says he will push for the government to lift the ban after the mining powers have been transferred.

TEMU: We need to now make a collective decision and I will be advising the national … council on the lifting of full or partial lifting of the moratorium on mining on Bougainville. So those are the issues that we have agreed that in a … we need from July 2008, all those processes will begin, but as you and I know the biggest challenge is we don't have capacity on the island.

NANOL: The Bougainville joint report, which is made up of senior government ministers responsible for Bougainville and autonomous government will meet in March to try to resolve the issue. The mining powers are expected to be officially transferred to Bougainville towards the middle of this year. Firmin Nanol, Port Moresby.

vielleicht noch das Datum dieses Artikels:

PNG: Row brewing over Bougainville mining rights

Updated January 30, 2008 18:32:36  

Was sagte ich?

PNG könnte bei der Übertragung der shares an Bougainville noch Probleme machen.

Nun ist die Rede von der Übertragung lediglich der Miningpower. Das passt doch!!  

als ob die Regierung von PNG mal wieder ein paar Grenzpfähle setzt.
"Natürlich, wir sind auch für Bergbau auf Bougainville, aber im Augenblick nach der geltenden Gesetzeslage bestimmt nicht Momis über das Ganze, sondern wir als offizielle Regierung. Und erst einmal müssen wir uns ein paar Monate lang die rechtliche Grundlagen genau anschauen, so daß vielleicht Ende März ein weiteres Treffen stattfindet."

Das hört sich jedenfalls nicht danach an, daß PNG jetzt kurzfristig die BCL-Shares und die Verantwortung für Bergbau an die ABG abgibt, eher nach dem Gegenteil. Es bleiben noch so einige dicke Bretter zu bohren...  

Verlängerung Lizenzen.....ja es gibt viele offene Punkte

Und die sollen jetzt bitte nicht wirr diskutiert werden sondern konstruktiv im Rahmen des BCA wo einer Gesamtlösung gearbeitet werden kann.

Also bitte lieber Landowner, gebt Gas bei den Wahlen und bitte lieber Herr Somare unterschreibe die Einladung für das BCA-Review endlich!!!!

Man kann ja nicht beginnen, bevor die Landwoner gewählt haben aber zumindest einladen könnte man ja bereits....  

ohne diese Problematik wäre der niedrige Kurs auch schwer verständlich - oder?

Andererseits sagte Somare vor den internationalen Vertretern in Aus :  

"...There is a real appetite to get Bougainville up and running again as soon as possible..."  
"...to reopen Bougainville copper mine by 2012..."
"...We could see the reopening of Bougainville at a cost of about $4 billion..." ( Natürlich AUS$ )

http://af.reuters.com/article/metalsNews/...amp;virtualBrandChannel=0  

Selbst gierige Politiker wissen, dass 100% sich schön anhört aber recht wenig ist, bei einer Produktion von NULL. Und da keiner weiß, wie der Kupferpreis in 5 oder 10 Jahre ist...  

According to Bougainville President John Momis, Sir Michael has on several occasions discussed with him the question of disposal of the national government shareholding in BCL to the ABG.
“On every occasion the Prime Minister has proposed that the shares should be transferred to the ABG.
“The most recent occasion was in my meeting with him in Port Moresby on November 22, 2010,” Mr Momis said.

Das Datum koinzidiert mit den Abstimmungen in den PNG Budgetdebatten.

Gut möglich dass es dort zu einem Deal Stimmen vs. BCL Shares kam u. dass Momis jetzt Somare öffentlich dazu auffordert seinen Part des Deals zu erfüllen. ;-))))))))))

Kupfer kurzfristig schon über 9000 USD/t

Bin jetzt etwas irritiert: Das Interview stammt doch aus Januar 2008, d. h. wir sind schon fast 3 Jahre weiter, oder?

Insofern sind Deine Angaben und Befürchtungen, Taxbax zu Zeit und Personen (weiteres Treffen Ende März, Präsident Kabui) doch gar nicht mehr aktuell. Oder habe ich da was falsch gelesen?

 

 

Die werden es nie verstehen,man muß bedenken das sie halt kontra eingestellt sind,sie sehen die große Sache nicht,und du hast recht,das ist aus 2008!!

Man sollte mal sehen was sich alles zum Positiven verändert hat.

 

stammt wohl aus 2008, hatte ich zunächst nicht bemerkt.
Bloß die Grundproblematik ist wohl immer noch genauso vorhanden, wenn man sich z. B. # 6460 anschaut. Sobald es wirklich zu konkreten Schritten von Seiten PNG´s kommen muß, Übertragung der Shares bzw. der Miningpower, wird es sehr schwierig.  

In 6451 fordert Pres Momis von PM Somare die Umsetzung des in 6453 beschriebenen MOU (Memorandum of Understanding)

Der Knackpunkt bei der Umsetzung der schon im Friedensvertrag beschlossenen Übertragung der Miningpower "wenn B´ville fähig ist die Power zu händeln" ist mittlerweile erfüllt.

Zwischenzeitlig wurde die Bviller Mineral Resources Authority (MRA) durch ein 16 Mio USD Programm der Weltbank ausgebildet.

Dass Mining nach den in PNG herrschenden Gesetzen betrieben werden soll (in Abwesenheit einer diesbez. B´viller Mining-Gesetzgebung) dürfte kein Problem sein.

Was jetzt zum Beginn der BCA Review (u. zum Beginn des BIGBOCBANG;-))))noch fehlt ist das "Go" von Michael Somare.Der Zeitpunkt ihn genau während der PNG Invest & Mining Konferenz daran zu erinnern war von Momis gut gewählt denke ich.

Da wird sich Somare wohl einigen konkreten Fragen zum Termin stellen müssen. ;-))))))

(schlechte) News verpasst, oder was rechtfertigt diesen Kursverlust?  

bestens eingestellt und es wollte gerad keiner kaufen....  

Das sind die finstereren Mächte aus der Unterwelt die den Kurs drücken und manipulieren!!
. . . . .

Angebot und Nachfrage.
Die Börse hat immer recht
Noch vor vier Monaten stand bcl bei 60 cent....

Desdo mehr sich die Lage Vorort positiv entwickelt, desdo mehr wird der Kurs auch wieder zulegen.
Das ist alles.. . ..

Spannend ist nicht, wo der Kurs jetzt steht, sondern in 3, 6, 12 oder 24 Monaten!!!
Und wenn es weiter geht, woran ich glaube, dann reden wir dann über ganz andere Kurse.
Kommt es zu Verzögerungen gibts mal Rücksetzer...  

Vielleicht war das mit der Frage in 6466 gar nicht gemeint, sondern weshalb der Kurs u.a. in Frankfurt heute Nachmittag so deutlich unter pari (1,20 €) gesackt ist. Habe mich auch gewundert. Eigentlich wären ja mindestens 1,26 € angemessen, wenn man den Sydney-Kurs zugrunde legt. Oder ist es in Bougainville über Nacht zu irgendwelchen Verzögerungen gekommen?

 

Erstes Ask 1.75 AUD = 1.29693 EUR  

die Situation ist halt jetzt umgekehrt, wie vor paar Tagen. Mit relativ kleinem Aufwand, paar Stück günstig auf den Markt in D schmeißen und dann auf bröckl bröckl Panik in AU mit 3oder 4fachem Volumen hoffen.
Bin gespannt, obs in dieser Version auch klappt.  

.. bei 1,48$ wurde schon mal entfernt.  

........ for more information on PLOA,s proposaL for BCA review.

5 K a 1.83 USD

"...so far the Prime Minister has not yet responded to my request...”


Islands Post
                    §
Wednesday 08th December, 2010

Momis clarifies meeting report

By Peterson tseraha

Autonomous Bougainville Government President John Momis said yesterday he welcomed a meeting last week by landowner representatives from the six mine lease areas of the Panguna mine.
“I welcome the meeting of the landowner representatives. At the same time I must clarify some issues that have been mis-reported since the landowner meeting.”
“It has been reported that this was the first time in six years that all six mine lease holders have met, this claim is totally untrue.”
“In fact the Bougainville administration has organised several meetings of landowner representatives from all six lease areas.
“The meetings began in 2009, and have continued in 2010, with large meetings held at Panguna in March and July.”
Mr Momis said these meetings were held at the direction of the ABG to consult landowner communities about organising themselves to be effectively represented in the process of reviewing the Bougainville Copper Agreement.
“The first formal step in the process to review the copper agreement has also been taken by the ABG,” Mr Momis said.
“That was in a letter I sent to Prime Minister Somare, formally requesting the national Government to initiate the review process, so far the Prime Minister has not yet responded to my request.”
Mr Momis said in spite of the silence by the national government, the ABG has continued to work to prepare for the review process.
That is why the ABG has directed the Bougainville administration to organise the landowners so that they are represented in the review process.
“As a result of meetings organised by the Bougainville administration, the people in each of the six mine lease areas decided many months ago that they wanted separate associations, one to represent each lease area,” Mr Momis said. “They also agreed to consult amongst themselves on the structures of each of the proposed associations.
“Bougainville administration lawyers have held two rounds of consultations with communities, which had resulted in the preparation of draft constitutions for each proposed association. As a result the work of preparing to establish the six associations is almost complete.”