Trading Bougainville Copper (ADRs) 867948

........the US Alien Tort Statute

http://ramumine.wordpress.com/2013/04/28/...he-us-alien-tort-statute/

So wie die Banken bei der physischen Belieferung von Gold jetzt auch schon erhebliche Probleme haben!!!  

das war doch wohl klar! Es gibt gar nicht so viel physisches Gold wie gehandelte ETF, Terminkontrakte und wer was noch für Produkte da am Markt herumschwirren...
die spielen das selbe Spiel wie mit unseren Böcken, nur haben sie die Sicherheit dann nur Geld zu liefern für von ihnen festgelegten Regeln....
Die Kleinanleger flüchten jetzt ins Gold, weil die Preise jetzt günstig sind...ich lach mich tot...im gleichen Interview sagt amn, dass die Nationalbanken und Profis sich von den Beständen trennen...und die Kleinanleger hören nur: Gold ist jetzt die Chance einzusteigen... den letzten beissen die Hunde ist meine SIcht der Dinge.. und das Spiel schaut so aus, dass der Goldpreis dann für ca. 20 Jahre wieder bei ca. 800 bis 1000 $ dahindümpeln wird..wenn er dort überhaupt zu liegen kommt und nicht tiefer...
man schaue sich mal den Langfrist-Chart  

 

zeigt mMn ganz klar auf wie sehr das Vertrauen der "Papierwährungen" gelitten hat. Und Vertrauen ist das A und O bei Währungen. Auch zeigt er die krasse Entwertung des Papiergelds. Der Goldpreis wird sich erst wieder stabilisieren wenn "neue" (bzw. die Regeln der bestehenden Währungen entsprechend geändert werden) Währungen eingeführt werden.

Meine Meinung....  

http://www.macrotrends.org/1333/...r-prices-100-year-historical-chart  

http://www.goldinvest.de/index.php/...VEST.de+%C2%BB+Die+Redaktion%29

" Die Förderkosten werden 2013 nicht so hoch wie erwartet ausfallen, sollen nun „all-in" bei 950 Dollar bis 1.050 Dollar liegen, zuvor lag die Spanne noch bei 1.000 Dollar bis 1.100 Dollar."

Wenn man durch Exploration bzw. Zukäufe die Reserven auf dem gleichen Stand halten will,so ergeben sich Kosten von ca. 1300 USD/oz.Somit ist es m.M. äusserst unwahrscheinlich das der Goldpreis unter diese Marke fällt.

 

na dann schauen wir mal wo die Übertreibung hinführt....  

..........hat den Goldpreis in den Keller geschickt.Beteiligt sind die üblichen Verdächtigen.Damit sollen die Kleinanleger auf ihrem Weg zum Goldshop etwas abgebremst werden.

http://www.goldseiten.de/artikel/...e-neue-Goldpreismanipulation.html

Es gibt einen toten Winkel im Abwicklungssystem für Wertpapiergeschäfte. Verkauft ein Profianleger eine Aktie, ohne sie zu besitzen – ein sogenannter Leerverkauf –, dann ist aufgrund der Trägheit der Abwicklung rund 48 Stunden lang nicht klar, wer der Eigentümer des Wertpapiers ist: Derjenige, von dem der Leerverkäufer die Aktie kurz darauf erwirbt beziehungsweise sich leiht, oder auch der Käufer.

Panguna landowners eager to see mine reopened - Keith Jackson & Friends: PNG ATTITUDE
asopa.typepad.com
PNG POST COURIER

LANDOWNERS OF THE PANGUNA copper and gold mine in Central Bougainville have reaffirmed their stand that they want the mine reopened.

The assurance was delivered by an executive member of the United Panguna Mine-Affected Landowners Association (UPMALA) during the Third Regional Forum on Panguna Negotiations held in Buin.

UPMALA is an umbrella organisation made up of the nine landowner associations from the mine"s affected communities.

UPMALA Executive Chief Michael Pariu said the organisation supported the Autonomous Bougainville Government"s (ABG) decision to reopen the Panguna mine because it will generate and boost the ABG"s revenue which will then be used to bring about tangible development in Bougainville.

At present Bougainville is only raising about K6 million annually which is not enough to address and sustain Bougainville"s needs before the referendum on independence.

Chief Pariu said they understood the financial situation of the ABG, therefore they supported the decision to reopen the mine.

Pariu also clarified misleading reports, saying it was the Me"ekamui faction and their supporters who have been against reopening and not landowners.

He appealed to all factions and people in Bougainville to be united with the ABG in its drive to facilitate moves towards reopening the mine.  

http://ramumine.wordpress.com/2013/04/29/...tion-wants-mine-reopened/

"He, however, said UPMALA had already started discussions to try and lure them to their side to support the reopening of the mine."

Alles nur noch eine Frage von ein paar $$$ ;-)))))

http://ramumine.wordpress.com/2013/04/29/...not-to-touch-its-profits/

MELBOURNE (dpa-AFX) - Canada-based Capstone Mining Corp. (CS.TO) said Sunday that it has agreed to buy mining giant BHP Billiton Ltd.'s (BHP, BBL, BLT.L, BHP.AX) wholly-owned Pinto Valley copper mine and the associated railroad in Arizona for $650 million in cash.

Captsone Mining will acquire the mine and the associated San Manuel Arizona Railroad Co. or SMARRCO from BHP Copper Inc., a unit of BHP Billiton. SMARRCO owns and operates a 47 kilometer railway from San Manuel to Hayden, Arizona. The transaction is expected to close in the third quarter of 2013.

The Pinto Valley Mine is an open-pit copper mine located in the Globe-Miami mining district in Arizona, about 125 kilometres east of Phoenix. The mine is projected to produce 130 million to 150 million pounds of copper in concentrate and about 10 million pounds of copper cathode annually, along with by-product molybdenum and silver, for the first five years of production. The estimated cash cost of production for the first five years is about $1.80 per pound, net of by-product credits.  

Meinst Du dies ...

www.spiegel.de/wirtschaft/soziales/...ardenbetrug-a-897029-druck.html

 

LONDON, April 26 (Reuters) - Rio Tinto's Kennecott Utah Copper expects to begin transporting copper ore to the concentrator at its Bingham Canyon mine in the next few days, after a landslide forced it to stop operations.

A spokesman for the company said crushers, tunnels and the conveyor system had now been checked and were found to be unaffected by the landslide earlier this month.

"We anticipate being able to start transporting ore to the concentrator in the next few days. Clearly it will be at significantly reduced volumes," he said on Friday.

Rio had been forced to invoke force majeure with respect to contracts with copper cathode and sulphuric acid customers, and the company said that remained in place.

Rio said at the time of its first-quarter production statement that it expects Kennecott's 2013 copper production to be reduced by about 100,000 tonnes because of the slide.

Kennecott is the second-largest copper producer in the United States. Bingham Canyon, one of the world's largest open pits, produced 163,200 tonnes of copper last year, as well as 200,000 ounces of gold.  

http://www.rnzi.com/pages/news.php?op=read&id=75618

Posted at 06:54 on 29 April, 2013 UTC

The regional member of parliament for Papua New Guinea’s autonomous province of Bougainville says his primary goal is to unite the people in the conflict-torn region.

Joseph Lera, who is a first-time MP in the PNG parliament, says Bougainvilleans must take ownership of decision-making in their province in order for there to be unity and prosperity.

He told Johnny Blades that Bougainville society remains fragmented, years after the civil war wound up"

   “One of my first tasks is to unite the leaders. Not only unite, but also come up with a concept to involve them to participate in decision-making, and with the mining development and also finding answers to other issues affecting Bougainville after the crisis.”

And do these issues need to be fully resolved and unity forged first before the mine reopens?

   “That’s what I think. First we have to unite. I think the answer to the mine is with the people. And through that unity I’m trying to build, I think the people themselves must decide. At the moment that has not been the case. It’s people outside trying to come in with answers. My belief is the answer is with my people and the leader has to do six things. One - set a reason, two - guide the people, three - support them, four - our system, five - direct them and six - unite. Through that process, from the leader’s perspective, I think that people will come up with appropriate and relevant answers to the issues affecting Bougainville and hopefully that is in relation to the opening of the mine.”

Are you on the same page as the president of the ABG on this?

   “Teamwork becomes very important with the president. If I’m going to be the voice of the president, the ABG and the people, I have to work very closely. So I’ve been trying to build that relationship in the last five, six months. And it’s working for the good of Bougainville.”

It must be difficult with these outside influences coming in trying to get the mine reopened quickly or as quickly as possible. There’s pressure, isn’t there?

   “It’s really difficult. That’s why the people are not responding. I’m saying through the process of uniting and involving people to participate in decision-making the answer is with the people of Bougainville. And hopefully soon, through that process I’m establishing, we can find the answer. It’s not with the outsiders.”

What about money? Money is a problem, isn’t it? You need it for some of these things, to help people forge a better way of life.

   “I think that’s when the outsiders can help us to facilitate this process of uniting and allowing people to come together, take part and participate in decision-making.”

Bougainville Regional Member, Joseph Lera.

News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand

Diesen "toten Winkel im Abwicklungssystem für Wertpapiergeschäfte" können sich die Nominees mit Zugriff auf +- 80 Mill. Böcke noch viel einfacher als die "Profianleger" zunutze machen.Trotzdem sind offiziell 3 824 033,40 AUD (ca 7.5 Mill. Shares) short

http://www.asx.com.au/data/securities_lending_outstanding_loaned.xls

http://www.postcourier.com.pg/20130430/tuhome.htm

THE United States Supreme Court last week vacated the landmark en banc decision by the Ninth Circuit in the long-standing Alien Tort Statute litigation Sarei v. Rio Tinto PLC (No. 11-649).
This is the case, originally filed in 2000, by Dr Alexis Sarei and other landowners of Panguna, alleging that mining giant Rio Tinto was responsible for war crimes, crimes against humanity and genocide in connection with its mining operations on Bougainville. The case has been on-going in Seattle, United States of America.
This decision follows the Supreme Court’s ruling last week in Kiobel v. Royal Dutch Petroleum (No. 10-1491) which affirmed the dismissal of claims brought by Nigerian nationals under the Alien Tort Statute for human rights violations allegedly committed by the government of Nigeria with the aid of Royal Dutch.
But lawyers representing the Bougainville landowners in this class action case told the Post-Courier yesterday that the battle was not over and that they would continue to advance the case on behalf of their clients as they have for more than a decade.
The lawyers, Brent Walton and Steve Berman, the Managing Partner of Hagens Berman Sobol Shapiro in a release to the Post-Courier from Seattle, United States of America said that the Court’s decision was disappointing and a complete reversal of well-established precedent spanning several decades but advised they will not stop there.
“The Court’s decision is disappointing and a complete reversal of well-established precedent spanning several decades,” Steve Berman, the lead counsel for plaintiffs in the Rio Tinto litigation said.
“But the battle isn’t over. We will continue to advance our case on behalf of our clients as we have for more than a decade.”
The case will now move back to the Ninth Circuit Court of Appeals, where it has already been argued four times. The Ninth Circuit will review the case in light of the Supreme Court’s Kiobel decision and has asked parties to submit briefing by the end of next month.
“Like all civilized nations, the United States and its courts have long recognised the universal obligation to hold accountable those who commit the most deplorable human rights violations wherever they are committed,” Mr Berman said. “This was true before the Supreme Court decision and remains true today.”
The case, one of the oldest on the federal docket, claims that Rio Tinto’s mining operations on Bougainville destroyed the local environment, dumping massive amounts of toxic waste that poisoned residents and dispossessed them of ancestral lands. Following a popular uprising by residents and workers at the mine, protesting the damage and slave-like working conditions, Rio allegedly orchestrated a military blockade and assault on the island. The blockade, according to court documents, resulted in the deaths of an estimated 15,000 native Bougainvillians, including several thousand children.
The lawyers are planning another visit to PNG and Bougainville in the not too distant future.

..........on peace agreement.

http://www.postcourier.com.pg/20130430/tuhome.htm

By WINTERFORD TOREAS

THE Autonomous Bougainville Government is now faced with
an urgent need to embark on a major awareness drive to disseminate information and educate Bougainvilleans, especially those living in the villages and rural communities, on the progress achieved so far by the ABG.
This is because most Bougainvilleans are still in the dark and need to be educated on many of the changes that Bougainville is currently going through.
The above scenario was revealed during the recently held 3rd Regional Forum on Panguna Negotiations, which was held in Buin, South Bougainville last week.
Many of the participants who attended the forum said there was an urgent need for the ABG to start organising and staging awareness meetings to educate the entire population on the changes and developments taking place in Bougainville.
According to one of the participants, one of the issues that needs urgent attention is the Bougainville Peace Agreement (BPA).
Rev. Ben Toworai from the Rataiku United Church Circuit in Siwai said many Bougainvilleans still do not have a fair idea on the BPA.
He said although it is now more than 10 years since the BPA signing took place in Arawa, Central Bougainville on August 31, 2001, most Bougainvilleans are still not familiar with the contents of the BPA or its purpose.
That is why the ABG needs to urgently start conducting educational awareness on some of the key issues spelled out in the BPA.
Other speakers at the forum also called on the ABG to update them on the different types of powers and functions which have already been drawn down from the national government level to the ABG.
Similar calls were previously raised by Bougainvilleans when the Bougainville Review Team in-charge of conducting the review on the ABG’s autonomy arrangements visited their villages recently.
 

http://www.postcourier.com.pg/20130430/tuhome.htm

http://www.thenational.com.pg/?q=node/49104

Source:
The National, Tuesday 30th April 2013

PAPUA New Guinea’s mining industry hopes that the government maintains a positive investment climate and does not change policies or make unexpected demands on the resources sector.
Outgoing PNG Chamber of Mines and Petroleum president Dr Ila Temu said that when the investment climate turned negative, the industry could become dormant for long periods of time.
“PNG’s climate for resource investments is related to international perceptions and unexpected changes which the government must understand,” he said.
“In many cases, resource companies are confronted by technical challenges related to proving up of a mineable resource, site access and power supply, and the complexities involved in extracting and processing the minerals.
“This is in addition to high development costs and operational costs.”
The chamber said the Ramu NiCo project took more than five decades from exploration to commercial development.
In  the  same  time frame,  Frieda  River  copper-gold  only got to the final stages of a bankable feasibility study.
“The mining industry, through the PNG Chamber of Mines and Petroleum, would like to see the national  government honour the letter and spirit of the law when it grants mining leases and to prevent unrelated disputes to subsequently stall the development process.
“This is important from the perspective of sovereign risk and for maintenance of a regulatory regime that is predictable and fair to all participants.
“Recent announcements from Treasury suggest that lower commodity prices would reduce anticipated national government tax revenues this year by K500 million, and possibly affect the budget framework in the next few years.”
“Because of the high capital costs and technical complexity, big mining projects such as Ok Tedi, Lihir Gold, Ramu Nickel and Frieda River usually take many years before they become  profitable   and   can   provide stakeholders with significant dividends and commence the payment of company tax.
“This is because profits in these years are utilised to repay the capital costs, including the huge loans required to fund these projects,” the chamber said.

http://www.thenational.com.pg/?q=node/49105

Source:
The National, Tuesday 30th April 2013

THE global downturn in the resource industry will have a greater impact on capital spending, exploration expenditure and financing for many existing and planned projects in the country.
Outgoing PNG Chamber of Mines and Petroleum president Dr Ila Temu said this yesterday following the annual general meeting (AGM) last week.
Temu has served three successive terms as president.
He said the significant variation in gold prices and lower mineral commodity prices will impact the 2013 national government budget “and put an upward pressure on the budget deficit”.
“The current tax review must take these global developments into account.
“This is not the right time to increase tax,” he said.
“It is a good time to review expenditure and to cut unnecessary spending.
“The big question for me is: How will PNG fare in this new environment?”
He told the AGM it was true that PNG had attracted some global resource industry players in recent years but all companies were facing high operating costs at a time when revenues were falling.
“PNG’s comparative advantage in terms of its favourable geology tends to diminish during an economic downturn and the government may need to assist projects in the pipeline to overcome these obstacles,” Temu said.
Like other nations, PNG is also faced with law and order issues, landowner protests, inadequate infrastructure, causing delays and bureaucratic red tape.
President Gerea Aopi noted that many issues and challenges facing the resource sector had not changed.
He said the debate about resource ownership was likely to continue as was the question of corporate and other taxes paid by the resource sector.
“The chamber believed that if the country was to continue to make significant progress in terms of social and economic development and improved service delivery much more needed to be done to improve public service efficiency and the reform and restructure of state owned enterprises,” Aopi said.

http://www.radioaustralia.net.au/international/...e-is-viable/1123768

Posted 30 April 2013, 15:48 AEST

The Rio-Tinto mine that sparked the civil war on Papua New Guinea's island of Bougainville is economically viable and could be re-opened in as little as 6 years.

Bougainville Copper, the Rio subsidiary that owns the mine lease, has just completed an order of magnitude study which shows the project is viable.

It is more than a decade since the war ended but sensitivities remain.

Jemima Garrett reports.

Presenter: Jemima Garrett

Speaker: Bougainville Copper's Managing Director, Peter Taylor, Former President, James Tanis

Keywords:re-opening Panguna mine

Bougainville Copper's Managing Director, Peter Taylor, has not set foot on the island since the war but has been working towards the re-opening of the mine.

The order of magnitude study released at the company's Annual General Meeting in Port Moresby is a first look at mine viability.

Even with commodity prices down, Mr Taylor is optimistic.

GARRETT: The mine has the potential to produce 170,000 tonnes of copper a year and half a million ounces of gold - putting it in the top ten gold and copper mines globally.

Start-up costs are estimated at around 5 billion dollars.

TAYLOR: I've estimated that it is about a six year project but that is on the basis of us getting access so we are not starting the clock now. It really depends on getting to the mine site and having a look what is there and confirming some of the assumptions we have made in that order of magnitude study.

GARRETT: More than 10,000 people died as a result of the civil war.

Bougainville went from being PNG's most prosperous province to a no-go zone with barely a school or a hospital operating.

Since the signing of the Peace Agreement in 2001 Bougainvilleans have been focussing on putting their lives and their economy back together.

That has prompted a reassessment of the value of Rio Tinto's mine at Panguna.

President John Momis is in favour of re-opening the mine and is preparing the way for detailed Bougainville wide discussions.

Former President, James Tanis, spent the war years fighting alongside rebel leader, Francis Ona.

TANIS: I come from a guerrilla army that fought against the Panguna mine but I have come to notice that there is already mining on Bougainville. After the conflict people now know the value of the stone under the ground. It has made me realise that mining is an industry that will be an important part of the Bougainville economy.

GARRETT:There is still a small minority of people who are strongly against re-opening of the Bougainville copper mine. How will you avoid bloodshed if there is a re-opening of the mine?

TANIS: I do believe we should re-open it but we have to be careful on how we follow the process, meaning that we have a small minority group and it is important that we listen to them, try to understand where they are coming from and come up with a solution that accommodates everybody.

GARRETT: Talking counts for a lot on Bougainville.

Bougainville Copper, MD Peter Taylor, says the negotiations to re-open the mine will not be rushed.

TAYLOR: What I have said to the Bougainville government and the landowners is I want them to set the agenda. I want them to tell me what it is that they want. So they will bring their agenda to the negotiating table and obviously we may have to compromise. But the different approach is going to be ..it won't be driven as it was in the first place by an Administration from Australia. It will be from day One negotiations between the people on the ground, the landowners in the mine site, the government of Bougainville and the other population of Bougainville.

GARRETT: Overseeing the negotiations will be the Board of Bougainville Copper which includes former Prime Minister Sir Rabbie Namaliu and its latest recruit, the widely respected former PNG community services Minister Dame Carol Kidu.

KIDU: As I am the first woman to go on there maybe I can bring some new perspectives. In terms of the corporate social responsibility I am very keen to get into that work later when it is appropriate.I am also interested to pursue the agendas of gender and social inclusion to ensure that, try to maximise any benefits and minimise the damage.

GARRETT: Conflict over mine revenue and environmental impacts fuelled the war on Bougainville.

James Tanis hopes modern mangement will make the difference.

TANIS: Panguna was negotiated in the 1960s when there was little knowledge on environmental issues mining brings. Technology has improved. Maybe with better technology, better environment policies and legislation, maybe we have a future with mining on Bougainville.