Trading Bougainville Copper (ADRs) 867948
By STEPHANIE ELIZAH
ABG Outlines K100m
The ABG and the Bougainville Administration has successfully achieved establishing all systems required to process the drawdown of the first K100 million of the five year Special support grant from the PNG Government to ABG.
It is now awaiting the transfer of these funds into the ABG’s subsidiary account with Bank South Pacific Buka branch.
An information paper approved by the Bougainville Executive Council (BEC), revealed that part of the requirement of the drawdown of these funds included the ABG submitting a 2012 revised Cash Flow Projection to the National Department of Finance.
This is to indicate what level of cash was required by the ABG to commence implementing the High Impact Projects (HIPs) in the remaining months of this year.
According to the information paper, the cash flow is basically to indicate to the Department of Finance the amount of funds required by the ABG on a monthly basis to implement the HIPs in Bougainville.
In addition, all projects that were included in the Cash Flow projection are based on the ABG priorities for this year as endorsed by the Bougainville House of Representatives in December last year.
Endorsed by the BEC, the projects have been further grouped into ten main programs to ease the drawing down of the K100 million accordingly as:
Health K4,500,000
Economic Services K14,000,000
Mining Development K2,500,000
Education K 9,500,000
Law and Justice K 8,500,000
Infrastructure Development K29,500,000
Lands K500,000
Water and Sewerage/Sanitation K2,500,000
Community Services K5,500,000
Governance and Administration K 23,000,000
In addition to and in compliance with the provision of the National Government’s 2012 Appropriation Act, a Financial Manual for the management of the funds has been completed to complement the Operational Manual being developed for the Program Management Unit (PMU).
The PMU is the result of a recent review of the Governance Implementation Fund (GIF), in which it was recommended that the PMU be established to improve project management cycle (PMC) for projects funded under GIF.
The idea also coincided with the need to establish a body to manage High Impact Projects and programs under the National Government special funding package of K500 million over the next five years 2012 – 2016.
Having met all these requirements, according to the information paper, the ABG and its administration is still waiting for the K100 million.
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By Aloysius Laukai
BOUGAINVILLE will celebrate the PNG'S 37th Independence at the Hutjena oval tomorrow.
According to the program, the ceremony will start at 09am with nearby secondary and primary schools singing the national anthem.
Then speeches with dancing by cultural groups from Tsunpets, Malasang and Hangan villages. Other centres like Buin And Arawa will also commemorate this day.
Ends
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http://au.finance.yahoo.com/...alues=0;logscale=off;source=undefined;
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http://www.topstocks.com.au/...action=show_thread&threadid=822512
He said that the Mt Kare Gold Project Landowners are happy to support the Indochine Mining Ltd for accommodating landowners’ grievances and every decision is executed upon mutual understanding with landowners and this is something new, an eye opener, rare and special to us and will not hesitate to recommend granting Special Mining Lease (SML) or ML EL1093 License.
Wann sind unsere Landowner 'happy'?
Man folge diesem Link:
http://www.onvista.de/news/marktberichte/artikel/...768e68864b3b7ec9a
http://www.postcourier.com.pg/20120918/tuhome.htm
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Wenn ja, stell ihn doch in den FOB ;-))
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Mehr davon braucht das Land, bzw. die Insel ;-))))
By PETERSON TSERAHA
MEMBER for Konnou constituency and Minister for Trade and Commerce in the Autonomous Bougainville Government, Wilfred Komba, has been highly commended by his people for the good work he has done so far.
Spokesperson representing supporters and the people of Konnou, John Taipa Tauria, said people throughout South Bougainville as a whole, have now come to admire the kind of leadership Mr Komba is displaying.
“In terms of development and for bringing peace back into a once war torn Konnou, Mr Komba has contributed a lot,” Mr Taipa said. “He has been re elected into parliament because the people want him back for what he has done in his first term.”
Mr Taipa also said other members should see that as a good example and follow suit. Although the ABG has limited funds, members like Mr Komba have put their priorities right and invested money into key areas.
“We want action leaders: people who can talk and do things at the same time, whilst enhancing the relationship between the ABG and the National Government.” Mr Taipa said. “That is exactly what Mr Komba is doing.” He said.
Mr Komba has contributed and helped in a lot of areas: health, education, small projects such as cocoa dryers, poultry, school fee assistance. The member even visits and funds medical evacuations for emergency cases in his area.
Mr Komba has a dream for his constituency to be developed by 2015.
“We need leaders who can put people as their first priority.Mr. Komba is such a leader and people have to be grateful,” Mr. Taipa concluded.
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By WINTERFORD TOREAS
AUTONOMOUS Bougainville Government President Chief Dr John Momis has expressed his happiness to the four Bougainville MPs in the National Parliament for their move to work closely with the ABG.
While delivering his statement in the ABG parliament sitting on Tuesday Mr Momis said the move taken by these MPs is a sign of more positive developments to take place in Bougainville.
He stressed that if these national MPs work in partnership with their ABG counterparts many changes would take place, which would than lay the path for Bougainville’s political future.
“…this assurances that the four national MPs will work with the ABG to enhance and progress the first thing first for the people of Bougainville in making sure that autonomy does work fully so that when the time comes for the people of Bougainville to choose between being fully autonomous and being fully integrated into PNG or being independent, they will have a real choice, and the real choice will have to be between two comprovoke proposals.
“That is full autonomy and independence. And I think the real preparations begins now, and I believe what we heard from our regional member signals a new beginning of collaborative participatory democracy in Bougainville,” Mr Momis said.
By NEVILLE TOGAREWA
PAPUA New Guineans will continue to remain second-class citizens in their own land and vulnerable to all forms of social and economic injustices until the laws are changed so they become main beneficiaries of the resources they own on their land and in their seas.
This is the powerful message that founding father and Chief Governor Sir Julius Chan gave to his people of New Ireland and Papua New Guinea as part of the 37th independence anniversary celebrations in his provincial capital Kavieng on Sunday.
Sir Julius urged his people not to be fooled by the status quo, saying PNG is now at the cross-roads and it is incumbent on the people to take a stand by asserting their rights, claiming their birthright and working hard for a better future.
The father of kina and toea said independence 37 years ago on September 16, 1975 was a proud moment when the founding fathers envisioned a progressive and prosperous future for everyone but this has not happened in the last three decades.
“It was a proud moment; a moment when all our dreams pointed to freedom and responsibility; of shaping a safe, peaceful and secure future for our new country,” Sir Julius said.
“Thirty-seven years later, that dream has not been fully realised. We have seen fighting among leaders and corruption and misappropriation by leaders and officials. Our people continue to divide against each other. So we must remind ourselves that a house divided cannot stand,” he said.
“We are at a turning point in our history. Everywhere we look, we see huge developments taking place; huge mines, oil or LNG projects being implemented. The big boys say this is good for PNG; that our economy is growing faster than any other economy in the Pacific. But is this really true?”
Sir Julius said he sees things differently.
“The economy is growing but that growth is not leading to better lives for our people. We have huge gas, oil and mining projects but where is the money going? It is going to huge international corporations,” he said.
“(The money) is going to the national government where it is wasted, misappropriated and to pay fly-in-fly-out foreign workers who are on fat salaries that are 10, 20 or 100 times what our own people earn.”
“Someone needs to tell the truth. I ask all of you to look reality in the face. And when you look at reality, what do you see?
“We see the wealth of our country being torn from the ground. The ground itself is being violated, tortured. Mama and papagraun (landowners) are being ripped up and torn apart. Billions of kina are being made but the billions are not going back to the very people whose land is being destroyed. That is wrong.
“That is why my government has said that we will not agree to any more mining activities in New Ireland, whether it is on the land or under the sea until the laws are changed to return the wealth to the people who own and live on the land.”
Governor Sir Julius said for the people of New Ireland and PNG, land is sacrosanct, they own the land, they are part of the earth and it is the foundation of their very existence.
“If we are going to agree that mining activities will be done and that our land can be damaged, then we must be very clear about who is responsible to deal with the consequences. That is why I say we are at a turning point.“The gold, oil and natural gas will not last forever.
The developers will leave but we will still be here. If we do not make certain that the benefits we receive allow us to survive after the developers are gone, we will be doomed.
“That is why I call on all New Irelanders to stop thinking about today and the short term. We need to start thinking about the future – 20, 50 and 100 years into the future.
“That is why I say no more mining activities until we change the law and the people once again own the minerals that are on and beneath their land and beneath the solwara (sea) that provides them with what they need to live,” he added.
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Und Fortschritt brauchen wir nicht. Selbst Schuld Mama wenn ich friere. Hättest mit doch lieber eine Jacke gekauft.
-Und so ist auch der Kurs unseres non-performers zu verstehen-
oyoo
Als sich in 88 der Beginn der "Crisis" abzuzeichnen begann hatte BCL vorgeschlagen direkt mit den Landowners zu verhandeln. Mit ein paar Mill. Kina (auf die es bei den gigantischen Gewinnen einer produzierenden Panguna ja nun wirklich nicht ankommt) hätte das ganze folgende Desaster vermieden werden können.Um keinen Präzedenzfall zu schaffen wurden diese Verhandlungen von PNG verhindert.
"der Kurs unseres non-performers" ist alleine den Tricksereien "unseres Nominees" JPM zuzuschreiben,der mit unseren 52,665,109 Shares den Kurs beliebig manipulieren kann.
Das zu ändern hat jeder einzelne Aktionär selbst in der Hand.
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http://deutsche-boerse.com/dbg/dispatch/de/...72B7986C12578FB0020D0F1
Sollte denen ein Licht aufgegangen sein??? ;-)))))))
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"der Kurs unseres non-performers" ist alleine den Tricksereien "unseres Nominees" JPM zuzuschreiben,der mit unseren 52,665,109 Shares den Kurs beliebig manipulieren kann.
Selbst wenn da was dran ist - ist es nicht so, dass meine drei Zwetschgen kaum etwas erreichen können, und zweitens solange drüben nichts substanzielles passiert sitzen die Großen immer am längeren Hebel, speziell bei einem dermaßen umsatzschwachen Wert. Da kannste schon mit ner halben Mio. kräftig was in Bewegung bringen.
Nur tun wir immer so als wäre das, was die Anderen, meinetwegen mit ungedeckten shorts manipulieren eine sichere Sache.
Ganz ehrlich: Ich möchte nicht short sein wenn es los geht!!!
oyoo
http://www.rnzi.com/pages/news.php?op=read&id=71033
Posted at 07:58 on 19 September, 2012 UTC
The President of the autonomous Papua New Guinea province of Bougainville, John Momis, says he accepts not enough progress has been made on the Bougainville Peace Agreement.
This follows a petition presented to him by the Bougainville Veterans Association, made up of ex-combatants from the former Bougainville Revolutionary Army, resistance fighters and the Mekamui group.
It wants an immediate review of the implementation of the Agreement.
Mr Momis says he will speak with the national government about what can be done to improve the implementation but he acknowledges several problems.
“Draw down of powers, provision of funding, taking positive steps to create law and order and investment and so on and so forth. It is not true that nothing has been done. A lot of things have been done but it is true that funding has been slow. I hope that this will be positively addressed very soon.”
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
http://www.rnzi.com/pages/news.php?op=read&id=71040
Posted at 21:09 on 19 September, 2012 UTC
The President of the autonomous Papua New Guinea province of Bougainville says both his administration and the national government need to collaborate to properly implement the Bougainville Peace Agreement.
John Momis has been petitioned by veterans of the civil war and accepts parts of the agreement are not in place.
He says there is a need for a new approach but he says he is confident of a lot of support from Prime Minister Peter O’Neill with whom he has been meeting this week.
Mr Momis says a key factor has been Port Moresby’s failure to provide the constitutionally allowed funding.
“That is the Restoration Development Grant which we have not got for the last 3 years as well as the 100 million (kina) per annum that was guaranteed by the Government to be given to Bougainville, but we have had very good discussions in the recent past and I am positive that this will result in a mutually acceptable result.”
The President of the autonomous Papua New Guinea province of Bougainville, John Momis.
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
The people of Bougainville will have a reason to celebrate now that the Papua New Guinea Government has honoured its commitment.
Prime Minister Peter O’Neill presented a cheque of K500 Million to the Autonomous Region of Bougainville late yesterday afternoon to signify his government’s ongoing commitment and support to develop the region’s infrastructures.
The grant will be utilised over a five year period to rehabilitate and build new infrastructures.
“ABG President John Momis, I want to assure you that our Government remains committed to and will work in close partnership with your government to ensure that goods and services flow out to the people of Bougainville,” Mr O’Neill said.
He said that although there were many challenges in the past, the present Government remains committed and will give its full support to the people and Autonomous Bougainville Government.
In thanking the Prime Minister and the people of PNG, Mr Momis said the people of Bougainville would be delighted to receive this grant, which would be put to good use.
“Mr Prime Minister, the presentation of this cheque today clearly demonstrates your government’s commitment towards the peace agreement and this will be good news for the people of Bougainville,” said Mr Momis.
He said the donation would be utilised to address development issues which includes revenue generation avenues for the people.