Trading Bougainville Copper (ADRs) 867948
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Daniel Jones | Mekamui news.
While in Arawa town I spoke with many locals about the issue of mining and the propaganda in western media implying that land owners from Panguna and surrounding stakeholders where giving green lights towards steps to reopen the defunct mine. The reality on the ground does not reflect that hype whatsoever. I only found red stoplights regarding foreign investment in the Panguna mine from village people, ex-combatants, ABG members and Panguna landowners alike.
One afternoon I met with a Panguna landowner; Joanne Dateransi the sister of the late Francis Ona, credited with leading the eco-revolution against the mine and reigniting the struggle for independence. I first met Joanne in Alice Springs in central Australia in 2010 while speaking at an Indigenous rights conference where her leadership, strength and determination stuck me. Upon our meeting in Arawa town I felt blessed to meet this influential woman again.
We talked about the issue of pro mining agendas being the strategic State/capitalist based propagandists as Joanne assured me her position and that of her village and surrounding land owning Wantoks and stakeholders remained opposed to these lies. Instead Joanne’s resolve was focused on economic gateways with the outside world involving fair trade for cash crops and trade links with foreigners supportive of an Independent Bougainville.
On the topic of cash crops and fair trade I mentioned, after doing some labour on a Copra plantation, that farmers where not getting a fair deal with PNG based traders. I suggested farmers of Cocoa and Copra, the two main cash crops in the area, form a Trade Union and Farmers Cooperatives to set the price of their product to align with the labour involved, the expenses of basic living and to assist in the long term economic development of the Sovereign Nation of the Bougainville Autonomous Region.
Chocolate sold in Australia is increasingly labelled “Fair Trade” however from my observation on the ground in Bougainville where perhaps the best Cocoa in the world is grown a fair trade is not the case at all.
Farmers are being ripped off at 220 Kina (approx. $110 Aus dollar) per 63kg bag when their product is worth more like at least 630 Kina per 63kg in a ‘Fair Trade’ market. Furthermore to value add to the Cocoa and Copra industries a home grown coconut chocolate factory could open up a vast economic gateway full of potential and long term economic gain for the majority of peoples, whether cultural, religious or business people. It was further rearticulated by Joanne that these; Economic Gateways for ‘Fair Trade’ would ensure long term economic stability for Bougainville and put an end to short sighted mining interests once and for all.
Zeit
§Kurs Stück
10:54:11 0,514 €
§5.000
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09:44:59 0,51 €
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09:44:28 0,509 €
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09:41:02 0,509 €
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08:45:58 0,507 €
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08:41:48 0,505 €
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08:13:30 0,50 €
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Die grosse Mehrheit wird sich durchsetzen und die wollen $$$
Für mich ist die Stimme ein non event.
Und wie gesagt: 73 Mrd. USD! und das bei einer Tagebaumine,wo einiges an Infrastruktur schon vorhanden ist, selbst Teile von Hafen existieren noch.
MKP 250 Mio.USD
Ich glaube nicht an weitere Blöcke,mMn werden wir jetzt bis zur HV langsam nach oben laufen.
naja, aber Du musst doch auch gestehen, dass die Einkaufstour auf T. - immerhin mind. 55t - recht dubios ist, oder ist das einer hier aus der Runde? Spannend, mal sehen, ob nekro mit der Vermutung recht hat...
und es hört sich an, als ob clive hier spricht.
wer millionen für kursdeckelung ausgibt, kann sicher auch lokal ein bisschen für stimmungsmache investieren. würde mich nicht wundern, wenn es demnächst mal wieder knallt.
und der kurs hat ja locker luft bis 1,50 EUR und bis dahin können die Verkäufer dann von tbhomy etc. einsammeln, denn die freuen sich 10% gewinn. und so wird es für die civellis oder wen auch immer gar nicht so teuer...
fakt ist, dass der deckel heute gelüftet wurde.
mal schauen ob das von dauer ist wo und ob der neue block definiert wird.
.............sollen die Diskussionen von dem Meeting letzte Woche in Canberra online gestellt werden.
Das hat die Uni Sekretärin dem Moderator des Bouggyforums jedenfalls versprochen.
PS: Die grünangehauchte Emanze V.J. hat die Zak Mail kommentiert. (Kopie im 707)
You guys still don't get it. Morumbi is not interested in Panguna, all they want is to mine their five projets. Bougainville Island has such vast resources that each company should focus on exploring and developing their own assets instead of pointing at and accusing others.
It has become perfectly clear that all stakeholders (ABG, mining companies, landowners and islanders) should and probably will rerach some kind of compromise in the next 6 weeks.
Considering the history and sensitivities things are not as simple as in Australia, where a landowner only 'owns' the upper first meter and the state everything below it.
A quick re-opening of Panguna is of vital importance for te state budget and future prosperity of the island. But exploring and developing the other 'Seven Sisters' is just as important as it will create employment, education, healthcare and other basic needs. My guess is that BCL may return to Panguna at the same moment that Morumbi gets its first exploration mining licence.
Lindsay Semple and Axel Sturm can then open a nice bottle of champagne together.......