Trading Bougainville Copper (ADRs) 867948
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By SHIRLYN BELDEN
THE Autonomous Bougainville government has been taken to task over its handling of annual development grants by the national government.
Bougainville Affairs Minister Steven Kamma told parliament yesterday that the ABG had not properly accounted for the first K200 million of its K500 million five-year development package.
Kamma said in his ministerial statement that under the financing arrangement, K100 million would be provided for infrastructure development each year from 2012-16.
He said the funds should be properly accounted for and reported to him so he could inform the prime minister and National Executive Council.
The minister said the ABG"s financial reporting and accounting mechanism was not in place and therefore, he was unable to report on the expenditure and implementation aspects of the development package.
Kamma also told parliament that the prime minister would be seeking the speaker"s approval to establish a bi-partisan parliamentary committee for Bougainville.
"The bi-partisan committee will provide oversight over various activities on the autonomous region such as the referendum committee, weapons disposal, public service transfer and infrastructure development and ensuring the three pillars of the autonomous government are achieved," he said.
Kamma added he accompanied Deputy Prime Minister Leo Dion to Bougainville two weeks ago for the launching of the referendum committee by ABG President John Momis.
He said the committee"s work included the review of the autonomous arrangements which was a legal requirement under the Bougainville peace agreement.
BUKA, PNG --- More than 5,000 people in the Rorovana Village of Central Bougainville are in dire need of food supplies.
B/VILLE - FOOD SHORTAGE: POST COURIER PACNEWS 2: Thu 21 Mar 2013
The continuous heavy rain in Central Bougainville and most parts of the island region as well as the country, is causing havoc and has taken its toll on the coastal village of Rorovana wherein all the food gardens have been washed away.
“All our gardens are under the water. The flood has swept away our gardens. We are uprooting all the garden food at the moment, leaving no crops in the water. We need assistance from the relevant government authorities at this moment,” spokesperson Patrick Boaz told Post-Courier..
He added that the garden produce uprooted will run out anytime this week.
Boaz who came to town to seek help from the Kieta District Office was turned away when he could not see relevant authorities to lodge his appeal.
Instead he approached this paper to at least get his appeal out for authorities to see and supply food items as soon as possible. The two weeks of continuous heavy downpour has caused the gardens to flood, resulting in garden produces like taro, kaukau, banana and tapioca all under the water. The level of the flood waters is very high.
“Our gardens are all underwater. The water level is like up to our belly-button (stomach). What we are doing now is we are just uprooting and harvesting whatever that is in the water, whether it is ready for harvesting or not. It doesn’t matter because if we leave them (foods) there, they (foods) will go bad.
That’s why we have to harvest everything in the garden to save some of the food,” a concerned Boaz said.
He said most of the garden produce have already gone bad because of the water and if the sun comes back, its goodbye to our garden produce, everything will begin to rot.
The Rorovana people who have settled in the outskirts of Arawa Town, along the Loloho Basin since the early colonial period, have been making their gardens at one location, the Rorovana 2 Village.
With the ever-increasing population and shortage of land, the big village of Rorovana has separated into two locations with others migrating to Vito and Tarara. “All the villagers’ gardens are located at one place, at Rorovana 2 Village, beside the bridge. We all do our gardens at the same place, thus this has affected all of us, everyone in Rorovana, both 1 and 2 villages.”
According to Chief Boaz, everything (garden produce) which is underwater will go bad if the rain stops and the sun comes back out again.
“It will be a matter of days before we run out of food, thus we need help from the Buka Disaster Office and any other relevant authorities.
When this paper contacted the Buka Disaster Office to check on the Rorovana appeal, there was no one in the office. Further query, located the Disaster office boss Franklyn Lessie to be on leave at his village on Buka Island.
Some people as we always wrote and mentioned are worrying about the economy and the Westerners who talks about development are worrying about making money in the name of development in our life time expenses.
The answer to the reopening of Panguna mine is in the hands of Bougainvilleans not lawmakers who are foreigners and makes law to look like indigenous one and than force it down to the grassroots in the name of the so called development. The development that will makes us salve in our own land.
Days, months and years will go bye when talking about reopening the mine, however the mine will not reopen. Blood is there and needs to be address well and remember that land is our mother, panguna people needs land to plant taro, yam and other food crops for their living. Or they will live on money for the rest of their lives; food for money, water for money etc. and their land will become waste gravel.
With the drawing up of the mining laws for ABG I reckon the landowners who are the most affected after all the extraction of minerals and land become use less will be benefited more if on the bottom line they will have some say or input other wise by the look of it, it’s for the joy riders and educated ones or foreign law to suit them and the company.
Frankfurt 7:38 14000 / 0,539 zu 5000 0,54
News von der ins Register eintragen Front?
Ich würde mich über mehr Mitglieder im 707 Forum freuen.
Schönen Tag für alle
wenn nekro mal 50% einträgt, wäre das bestimmt ein Zeichen für alle anderen ...
da ich mit meinem bauchgefühl in den letzten jahren ganz gut lag.
allerdings besitze ich im gegensatz zu euch keine infos! nur bauch!
ich wüde aber nie boc aktien mit geld kaufen,das ich nicht hab oder bald brauche!!!
Vor 3 Monaten habe ich bereits eine Registrierung aller meiner Böcke beantragt,wurde dann aber durch zwei simultane Phänomene fast ängstlich und habe zurückgezogen: es rief mich die Rechtsabteilung der DAB an und sprach eine Warnung aus (kein europäischer rechtsstandard in PNG) und das Auftauchen deranonnymen Mail bzgl. des Civ.-Clans.
Seit 4 tagen läuft aber mein Ersuchen auch Eintrag der Aktien.
....man greift sich an den Kopf....
Ist das die Sicherheit die man sich wünscht?
vielen Dank für Ihre E-Mail.
Wie wir Ihnen bereits ganz allgemein mitgeteilt haben, bieten wir die Eintragung in ausländische Aktionärsregister grundsätzlich nicht an. Dies hängt damit zusammen, dass die Papiere auf den Namen der Bank verwahrt werden. In unseren Allgemeinen Geschäftsbedingungen ist unter Punkt 20.2 geregelt, dass eine effektive Ein- oder Auslieferung von Wertpapieren nicht möglich ist.
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Wir hoffen, Ihnen helfen diese Informationen, und wünschen Ihnen einen angenehmen Tag.
Mit freundlichen Grüßen
Jessica Lehmann
Customer Care Center
Tel.: 04106 - 708 25 00
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Wenn ja, hätte ich doch gar keine Chance weitere Aktien ins Register eintragen zu lassen?