Trading Bougainville Copper (ADRs) 867948
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Prices
Date | Open | High | Low | Close | Volume | Adj Close* |
---|---|---|---|---|---|---|
13 May 2013 | 0.54 | 0.54 | 0.54 | 0.54 | 0 | 0.54 |
10 May 2013 | 0.54 | 0.54 | 0.52 | 0.54 | 22,200 | 0.54 |
9 May 2013 | 0.51 | 0.52 | 0.51 | 0.52 | 161,000 | 0.52 |
8 May 2013 | 0.50 | 0.53 | 0.50 | 0.50 | 32,700 | 0.50 |
7 May 2013 | 0.52 | 0.54 | 0.51 | 0.54 | 11,600 | 0.54 |
6 May 2013 | 0.51 | 0.52 | 0.51 | 0.51 | 71,200 | 0.51 |
3 May 2013 | 0.52 | 0.55 | 0.51 | 0.51 | 14,000 | 0.51 |
2 May 2013 | 0.55 | 0.55 | 0.52 | 0.52 | 15,800 | 0.52 |
1 May 2013 | 0.55 | 0.55 | 0.51 | 0.51 | 13,600 | 0.51 |
30 Apr 2013 | 0.55 | 0.55 | 0.52 | 0.52 | 80,000 | 0.52 |
29 Apr 2013 | 0.55 | 0.55 | 0.53 | 0.55 | 42,400 | 0.55 |
26 Apr 2013 | 0.55 | 0.55 | 0.55 | 0.55 | 30,000 | 0.55 |
25 Apr 2013 | 0.53 | 0.53 | 0.53 | 0.53 | 0 | 0.53 |
24 Apr 2013 | 0.53 | 0.53 | 0.53 | 0.53 | 4,000 | 0.53 |
23 Apr 2013 | 0.55 | 0.55 | 0.52 | 0.52 | 6,400 | 0.52 |
22 Apr 2013 | 0.54 | 0.54 | 0.54 | 0.54 | 6,300 | 0.54 |
19 Apr 2013 | 0.55 | 0.55 | 0.54 | 0.55 | 72,000 | 0.55 |
18 Apr 2013 | 0.55 | 0.55 | 0.55 | 0.55 | 40,900 | 0.55 |
17 Apr 2013 | 0.52 | 0.54 | 0.52 | 0.54 | 21,200 | 0.54 |
16 Apr 2013 | 0.54 | 0.54 | 0.51 | 0.51 | 130,000 | 0.51 |
15 Apr 2013 | 0.57 | 0.57 | 0.57 | 0.57 | 75,900 | 0.57 |
12 Apr 2013 | 0.56 | 0.57 | 0.56 | 0.57 | 52,400 | 0.57 |
11 Apr 2013 | 0.58 | 0.58 | 0.56 | 0.56 | 35,300 | 0.56 |
10 Apr 2013 | 0.58 | 0.58 | 0.56 | 0.56 | 16,400 | 0.56 |
9 Apr 2013 | 0.56 | 0.58 | 0.56 | 0.58 | 51,400 | 0.58 |
8 Apr 2013 | 0.58 | 0.58 | 0.55 | 0.55 | 63,500 | 0.55 |
5 Apr 2013 | 0.58 | 0.58 | 0.57 | 0.57 | 25,500 | 0.57 |
4 Apr 2013 | 0.59 | 0.59 | 0.57 | 0.58 | 94,900 | 0.58 |
3 Apr 2013 | 0.62 | 0.62 | 0.60 | 0.60 | 115,400 | 0.60 |
2 Apr 2013 | 0.63 | 0.63 | 0.63 | 0.63 | 30,000 | 0.63 |
1 Apr 2013 | 0.60 | 0.60 | 0.60 | 0.60 | 0 | 0.60 |
29 Mar 2013 | 0.60 | 0.60 | 0.60 | 0.60 | 0 | 0.60 |
28 Mar 2013 | 0.60 | 0.60 | 0.60 | 0.60 | 100 | 0.60 |
27 Mar 2013 | 0.63 | 0.63 | 0.60 | 0.60 | 50,500 | 0.60 |
26 Mar 2013 | 0.62 | 0.64 | 0.62 | 0.62 | 43,900 | 0.62 |
25 Mar 2013 | 0.63 | 0.63 | 0.62 | 0.62 | 27,200 | 0.62 |
22 Mar 2013 | 0.64 | 0.64 | 0.63 | 0.63 | 6,600 | 0.63 |
21 Mar 2013 | 0.65 | 0.65 | 0.64 | 0.65 | 185,900 | 0.65 |
20 Mar 2013 | 0.63 | 0.65 | 0.63 | 0.65 | 145,000 | 0.65 |
19 Mar 2013 | 0.63 | 0.63 | 0.63 | 0.63 | 0 | 0.63 |
18 Mar 2013 | 0.64 | 0.65 | 0.63 | 0.63 | 171,400 | 0.63 |
15 Mar 2013 | 0.64 | 0.65 | 0.64 | 0.64 | 77,000 | 0.64 |
14 Mar 2013 | 0.63 | 0.63 | 0.63 | 0.63 | 2,300 | 0.63 |
13 Mar 2013 | 0.63 | 0.65 | 0.63 | 0.63 | 72,000 | 0.63 |
12 Mar 2013 | 0.63 | 0.63 | 0.62 | 0.62 | 61,600 | 0.62 |
11 Mar 2013 | 0.65 | 0.65 | 0.62 | 0.62 | 46,000 | 0.62 |
8 Mar 2013 | 0.62 | 0.65 | 0.60 | 0.65 | 35,300 | 0.65 |
7 Mar 2013 | 0.58 | 0.61 | 0.58 | 0.59 | 59,100 | 0.59 |
6 Mar 2013 | 0.58 | 0.58 | 0.58 | 0.58 | 6,300 | 0.58 |
5 Mar 2013 | 0.59 | 0.59 | 0.58 | 0.58 | 21,400 | 0.58 |
4 Mar 2013 | 0.60 | 0.60 | 0.58 | 0.58 | 51,000 | 0.58 |
1 Mar 2013 | 0.61 | 0.61 | 0.59 | 0.60 | 60,100 | 0.60 |
28 Feb 2013 | 0.63 | 0.63 | 0.61 | 0.61 | 13,500 | 0.61 |
27 Feb 2013 | 0.61 | 0.63 | 0.60 | 0.61 | 83,300 | 0.61 |
26 Feb 2013 | 0.63 | 0.63 | 0.61 | 0.61 | 17,300 | 0.61 |
25 Feb 2013 | 0.64 | 0.65 | 0.63 | 0.64 | 47,600 | 0.64 |
22 Feb 2013 | 0.65 | 0.65 | 0.64 | 0.64 | 109,900 | 0.64 |
21 Feb 2013 | 0.63 | 0.65 | 0.63 | 0.65 | 161,600 | 0.65 |
20 Feb 2013 | 0.63 | 0.64 | 0.63 | 0.64 | 54,900 | 0.64 |
19 Feb 2013 | 0.65 | 0.65 | 0.62 | 0.62 | 60,500 | 0.62 |
18 Feb 2013 | 0.62 | 0.65 | 0.61 | 0.65 | 88,600 | 0.65 |
15 Feb 2013 | 0.60 | 0.62 | 0.60 | 0.62 | 166,800 | 0.62 |
14 Feb 2013 | 0.62 | 0.62 | 0.59 | 0.60 | 38,300 | 0.60 |
13 Feb 2013 | 0.61 | 0.63 | 0.58 | 0.61 | 220,500 | 0.61 |
12 Feb 2013 | 0.62 | 0.62 | 0.61 | 0.62 | 100,700 | 0.62 |
11 Feb 2013 | 0.63 | 0.63 | 0.62 | 0.62 | 633,300 | 0.62 |
vielleicht findet auch gerade bereits ein einkauf in d statt. anders ist der kurs kaum erklärbar, es sei denn, jemand rechnet auf grund des politischen fortkommens im juni mit einem kurssprung, der nach meiner einschätzung nicht unrealistisch sein dürfte. dafür müsste natürlich im juni auch genau das passieren, was wir hoffen. und wenn nicht gilt das motto: auf die paar monate...
Seit Wochen lassen Freunde von mir viele Stücke eintragen, und ich konnte Diese Stückzahlen noch nicht genau sehen. Ich habe nur gesehen, dass der Umsatz bei beiden Börsen anzieht.
Kontinuierliches Deckeln mit dem Hintergedanken, dass irgendwer schon irgendwann genervt billig verkauft, ist es jedenfalls nicht. Irgend ein Shareholder hatte doch ein paar Mios verkauft. Wie ist denn dessen aktueller Bestand? Kann es nicht sein, dass die auf Grund Stresstest und was weiß ich was, einen auf den Deckel bekommen haben, dass das Papier zu riskant ist und es abstoßen (müssen), andere sich das zu Nutzen machen, Kurs drücken und abgreifen? Das BOC hoch riskant ist, dürfte wohl außer Frage stehen. Mann stelle sich nur eine kleine Explosion oder sonstigen Akt vor und man ist ungefähr wieder 20 Jahre zurück. aber selbst die paar Monate...
as at 11:49:11 AM Wednesday, May 15, 2013
BOUGAINVILLE COPPER Trade Summary - Status
Last Change % Volume Trades Open High Low
0.525 0.000 0.00 20,000 2 0.525 0.525 0.525
Last Traded 18,520 @ 0.525 - 09:59:56
BOUGAINVILLE COPPER Market Depth
BOC Buyers
Level Buy Quantity Price
1 1 11,480 0.525
2 2 101,000 0.520
3 3 50,974 0.510
4 3 23,000 0.505
5 1 5,000 0.495
6 1 10,000 0.450
7 1 150,000 0.400
BOC Sellers
Price Quantity Sell Level
0.530 313 1 1
0.550 31,689 3 2
0.580 10,650 2 3
0.630 27,600 1 4
0.650 30,000 2 5
0.680 1,000 1 6
0.700 80,000 1 7
0.770 1,000 1 8
0.790 1,000 1 9
0.800 1,000 1 10
0.820 1,000 1 11
1.000 10,000 1 12
2.000 25,000 1 13
3.330 15,000 1 14
3.620 40,000 1 15
5.550 15,000 1 16
30.000 80,000 1 17
http://ramumine.wordpress.com/2013/05/15/...-for-pm-oneill-in-mining/
Steering govt through rocky rival interests
Rowan Callick | Islands Business
Early in the term of Papua New Guinea’s new government—which has ensured, by a constitutional amendment, that it will be in power at least until this time in 2015 – it is facing some complex challenges, especially around the country’s biggest revenue earner, mining.
There’s a common view, even in PNG which has more than a century’s history of the industry, that mining is merely about digging rocks up and shipping them to eager buyers. But it is as difficult to build and maintain a mining industry as it is easy to lose one.
Independent PNG has been substantially built on its resources, the source of about 80 percent of its export earnings—chiefly, until liquefied natural gas (LNG) starts producing revenue in a couple of years, from minerals
The big persisting dangers for PNG include:
- Spending the money before it’s been earned and thus building debt;
- The usual “Dutch disease” challenge of preventing resources from crushing the rest of the economy by inflating prices, especially damaging agriculture which is by far PNG’s chief source of employment and of family incomes; and, of course
- The debilitating battles between rival groups, including elements in various levels of government and within landowner groups, over the spoils from mining.
The dominant source of such resource revenue—and by far the biggest taxpayer in the country—has in recent years been Ok Tedi Mining Ltd. In 2011, it provided the government with about $US550 million—about 16 percent of its total income. Recently, the government has banned leading Australian economist and public intellectual Ross Garnaut from entering PNG, even though he was the chairman of Ok Tedi, the country’s highest tax paying company. It sought, by ratchetting up tensions around the mine and its governance, to place direct pressure on BHP-Billiton, which a decade ago withdrew from the operation due to environmental embarrassments, and set up a trust to run the mine.
Relax rules
The government appears to want BHP to agree to change the constitutional arrangements that hold substantial dividends back until the mine closes—now worth about $US1.5 billion. It also wants BHP to relax the rules that constrain its access to funds available annually for local development. Garnaut has stood aside this year for former prime minister Sir Mekere Morauta, who now chairs not only Ok Tedi Mining Ltd but also PNG Sustainable Development Program Ltd, the chief shareholder in Ok Tedi, which manages the holding in trust for the people of the mine area of Western Province and of PNG more broadly. PNG Finance Minister, James Marape, has recently sought to redirect some of the funds provided annually for local development, which have recently been used to buy boats and aircraft for local use to a new lobby group.
Hundreds of millions of dollars are now coming into play in this dispute, as the government places pressure on Ok Tedi in one area after another—including the ultimate sanction of refusing to allow an extension of the mine after its current approvals end this year. It is almost unthinkable that the mine would then permanently close. The thriving mining township, Tabubil, is being redeveloped as a centre for training and tertiary education, and for health work and research. But this transformation is far from complete. In the meantime, Tabubil continues to provide jobs and incomes for large number of families, and local people benefit from spin-offs and infrastructure work. So despite the mine’s many problems, starting with the collapse of its tailings dam causing mine waste to be flushed down the river system, permanent closure is most unlikely.
The far more probable course, is that the government would invite in a new operator. But from where? Although copper is today’s most-sought mineral, there is not a long list of aspirants. A Chinese buyer is most likely, given the country’s eager appetite for access to the resources its industrial growth requires. But Ramu Nickel, which recently began production, is operated by Chinese government corporation MCC. And it enjoys a surprising ten-year tax holiday, agreed by the Somare government in the face of opposition from within the bureaucracy. This would thus mark the starting point in any negotiation with Beijing. It is hard to imagine any other Chinese state owned enterprise accepting less than a ten-year tax holiday—which then raises the question of how this would benefit PNG, especially given the usual practice of Chinese corporations importing much of their own labour for such projects.
Just 100 km from Ok Tedi lies another huge copper/gold resource, Frieda River. But unfortunately for PNG, this is mostly owned by Xstrata—which eventually produced just before Christmas, after some postponements, a feasibility study. But some outstanding work remains. Xstrata is destined for imminent merger with Glencore, which is a Swiss based resource trading giant. And Glencore will not want a bar of even such a vast, promising resource as Frieda. Its chief executive Ivan Glasenberg, who will head the merged entity, said recently:
“We are afraid of greenfields”—new mines, which are considered risky and sometimes have capital over-runs.”
Glasenberg is a trader not comfortable with waiting for five years for a return. The Xstrata-Glencore merger is awaiting approval from regulators in China—which could itself prove a beneficiary, with the promising greenfields Frieda project coming into play. Brisbane-based Highlands Pacific, a minor partner at Ramu and Frieda, and also an explorer with promising assets close to Ok Tedi, is looking on with hope mingled with anxiety.
Meanwhile, over in Bougainville, the prospect of reopening the vast copper mine there—which featured at the centre of the decade-long civil war from which the autonomous province is still steadily recovering—hangs over any consideration of economic rejuvenation. President John Momis is calling on his considerable experience to urge all sides to take this prospect slowly. Any rapid change in the position on reopening the mine—which is still mainly owned by Rio Tinto Ltd—would play in to the referendum on Bougainville’s future that is due in a couple of years. But Bougainville will seek to insist, whatever happens constitutionally, that any future mine revenue stays in the province and doesn’t come through Port Moresby.
Besides these tangles, PNG is fortunate in having landed the firm focus of Melbourne-based Newcrest, the world’s third largest gold miner. Half of Newcrest’s resources now lie in PNG and the company has the technical and strategic skills, the capital, and crucially, the combination of commitment and understanding of how PNG operates, to realise those assets steadily.
And Mines Minister Byron Chan wants to change the laws to give the lion’s share of mining revenues directly to the landowners—although rival landowner groups frequently challenge each other over “true” ownership, when the unique opportunity arises to realise their core asset, access to their land.
The bottom line for PNG is that its government has to understand that, despite all the zeroes on the kina figures anticipated from LNG alone, success in managing a massive resources sector is not guaranteed, and that those revenues can dwindle almost overnight, leaving it with no obvious replacement.
Prime Minister Peter O’Neill thus still has to steer his ship of government through dangerous seas full of rocky rival interest groups. His core challenge is to help create, preserve and invest the wealth released by resource exploitation, rather than simply dividing up the spoils.
Es folgen aber noch mal 172.000 Stück. Diese müssen erst noch von der BW Bank Stuttgart nach CC übertragen werden. Das läuft gerade.
Ich werde dann wieder berichten.
Schönen Tag noch!
by ramunickel
Bradley Bele
The Yiddish have an anecdote that helps explain their word ‘chutzpah’ (pronounced hutspa). It goes something like this:
A boy found guilty of murdering his parents appears before the sentencing judge. The boy gets down on his knees, and with tears streaming from his eyes he cries out, ‘have mercy on me sir, I am now an orphan’.
Chutzpah, or the audacity of evil, captures a certain type of person or organisation, who is so mercenary even their own bad deeds are seen as an opportunity to further their interests.
Enter Rio Tinto, and the Managing Director of their subsidiary Bougainville Copper Limited.
Rio Tinto helped flatten Bougainville during their decade long conflict. Platoons of soldiers and mobile squads had free use of Rio Tinto’s resources; and use they made. Dozens of villages were burn to ground, innocent people were executed, concentration camps were set up where women were raped and men brutalised.
When Francis Ona and the BRA managed to secure key choke points on Bougainville, Rio Tinto fled the island, but as a parting present they supported a military blockade which killed thousands.
For over a decade Rio Tinto has employed all their legal might to deny Bougainville compensation or reparation, vital funds which could help rebuild a sustainable economy that isn’t reliant on the toxic Panguna mine.
Now the Autonomous Bougainville Government claims its bankrupt. In steps Rio Tinto licking its corporate lips.
Here is what BCL’s Managing Director, Peter Taylor, said about the company’s plan to reopen the Panguna mine:
“As far as Bougainville is concerned it would make an enormous difference because from what I have seen they only generate internally, about 5% of their budget at the moment. This has the potential to substantially meet the budget requirements of Bougainville”.
So lets get this straight through some of the worst crimes known to humanity, Rio Tinto helps ‘bankrupt’ Bougainville, and then the company employs every legal means at its disposal to deny victims of its terror compensation – after all this, without a hint of shame, they claim the only hope Bougainville has of getting off its knees, is if BCL returns and makes Rio Tinto indecent profits again.
The audacity of evil has a new pin-up model.
ramunickel | May 16, 2013 at 9:40 am |
Market Depth for BOUGAINVILLE COPPER
as at 11:10:08 AM Thursday, May 16, 2013
BOUGAINVILLE COPPER Trade Summary - Status
Last Change % Volume Trades Open High Low
0.510 -0.015 -2.86 156,974 5 0.530 0.530 0.510
Last Traded 2,000 @ 0.51 - 10:16:34
BOUGAINVILLE COPPER Market Depth
BOC Buyers
Level Buy Quantity Price
1 1 20,000 0.505
2 2 2,120 0.500
3 1 5,000 0.495
4 1 10,000 0.450
5 1 800,000 0.305
BOC Sellers
Price Quantity Sell Level
0.520 35,339 1 1
0.540 35,500 1 2
0.550 6,689 2 3
0.580 10,650 2 4
0.630 27,600 1 5
0.650 30,000 2 6
0.680 1,000 1 7
0.700 80,000 1 8
0.770 1,000 1 9
0.790 1,000 1 10
0.800 1,000 1 11
0.820 1,000 1 12
1.000 10,000 1 13
3.330 15,000 1 14
3.620 40,000 1 15
5.550 15,000 1 16
30.000 80,000 1 17
eveloping nations to get dirt on digging
Rowan Callick | The Australian
THIRTY ministers from the booming new mining world in Asia, Africa and the Pacific are flying to Sydney next week for two conferences aimed at helping them reap the maximum benefits and avoid the downsides, including soaring currencies and sinking ecologies.
They are among about 600 delegates who will attend AusAID’s Mining for Development conference. Most will stay on for the two-yearly meeting of the Extractive Industries Transparency Initiative that follows.
The ministers are from countries including Afghanistan, Ethiopia, Mongolia, Iraq, Guatemala and Papua New Guinea. Solomon Islands Prime Minister Gordon Darcy Lilo will also attend.
Peter Baxter, the director-general of AusAID, which is organising the event, told The Australian it was crucial to get the policy settings right for the resources sector, which in Africa, for example, brought the continent six times the income it received from aid.
Mr Baxter said most of the world’s prospective countries “happen to be developing countries”, providing them with a big opportunity to reduce poverty.
The conferences will also include leaders of mining companies and non-government organisations from around the world, and heads of aid agencies.
“Mining can help poor people directly, by employing them and buying their products — but relatively few people get jobs in mines,” Mr Baxter said.
“In PNG, for instance, the resources sector provides 70 per cent of export earnings, but just 3 per cent of jobs in the formal sector.”
The chief benefits, he said, should come from improved services from governments and local community groups, through taxes and royalties.
“Australians are recognised as world champions in turning rocks into prosperity, and making sure it also flows to people living around mining sites,” he said. “Our experiences with indigenous landowners, in fragile and remote environments, is very relevant for mining in other countries.”
AusAID was helping develop programs for a wide range of developing nations, because “we are seen as a country that has got mining right — turning it into benefits for the whole nation, not just for the elites.”
AusAID has set up a committee to advise how to shape these initiatives, which includes representatives of BHP Billiton, Rio Tinto and Newcrest. And Geoscience Australia is helping to map the resources in partner countries.
In a new thrust for AusAID, the organisation — with a $5.6 billion budget just announced — will help developing countries establish a business environment that will foster private sector investment.
Their governments, said Mr Baxter, were being assisted to draw up mining agreements and set up revenue channels.
Australian Mining for Development Conference
The second Mining for Development Conference will take place on 20–21 May 2013 in Sydney.
Up to 500 high level delegates from 20 countries are expected to attend the conference. The second Mining for Development Conference brings together international community leaders, mining companies and governments to discuss ways to improve the lives of people where mining takes place.
Date
20–21 May 2013
Location
Sydney Masonic Centre
66 Goulburn St Sydney
Time
Media Conference, 10.30am, Monday 20 May
Topics include how mining can lead to better social outcomes by reducing conflict and increasing the participation of women in decision making.
Australia’s Mining for Development Initiative, funded by AusAID, aims to:
help developing countries do mining well and maximize the dividends that come from possessing mineral wealth
protect the environment in places where mining occurs
ensure that local communities benefit from mining activity.
Australia is also hosting the Extractive Industries Transparency Initiative Global Conference at the Sydney Convention Centre on 23–24 May 2013. The initiative aims to bring greater transparency to what mining companies pay and what governments receive. Further information will follow.
Speakers include
The Hon Gary Gray AO MP
Minister for Resources and Energy
Ms Gudrun Kopp
Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development, Germany
HE Mr Wahidullah Shahrani
Minister of Mines, Islamic Republic of Afghanistan
HE Dr Esperanca Bias
Minister of Natural Resources, Republic of Mozambique
HE Mrs Sinkenesh Ejigu
Minister of Mines and Chair of African Union Mining Ministers, Ethiopia
The Rt Hon Clare Short
Chair, Extractive Industries Transparency Initiative, International Board
Mr Daniel Kaufmann
President, Revenue Watch Institute
Media contact: AusAID Media: 0417 680 590
Peter Ski hat 160k und will noch ca. 170 k eintragen lassen.
Da kan ich nun beim besten Willen nicht mehr an Zufall glauben!
Ich vage mal die Aussage, dass das Eintragen dem Kurs bisher nicht geholfen hat, sondern eher das Gegenteil zurzeit erreicht wird.
Hätten denn nicht hier einige der Investierten gute, private Kontakte zu Investmentbankern? Könnten diese Quellen nicht mal angezapft werden? Vielleicht kennen diese ja die "Technicalities" hinter dem Eintragungsprozess, welche Licht ins Dunkle bringen?
nur so eine Idee...
ich habe auch keine antwort darauf, aber die mit dem "kumpels" und "aktien rüberschicken" klingt für mich nicht plausibel ....
ramumine.wordpress.com
Bradley Bele
The Yiddish have an anecdote that helps explain their word "chutzpah" (pronounced hutspa). It goes something like this:
A boy found guilty of murdering his parents appears before the sentencing judge. The boy gets down on his knees, and with tears streaming from his eyes he cries out, "have mercy on me sir, I am now an orphan".
Chutzpah, or the audacity of evil, captures a certain type of person or organisation, who is so mercenary even their own bad deeds are seen as an opportunity to further their interests.
Enter Rio Tinto, and the Managing Director of their subsidiary Bougainville Copper Limited.
Rio Tinto helped flatten Bougainville during their decade long conflict. Platoons of soldiers and mobile squads had free use of Rio Tinto"s resources; and use they made. Dozens of villages were burn to ground, innocent people were executed, concentration camps were set up where women were raped and men brutalised.
When Francis Ona and the BRA managed to secure key choke points on Bougainville, Rio Tinto fled the island, but as a parting present they supported a military blockade which killed thousands.
For over a decade Rio Tinto has employed all their legal might to deny Bougainville compensation or reparation, vital funds which could help rebuild a sustainable economy that isn"t reliant on the toxic Panguna mine.
Now the Autonomous Bougainville Government claims its bankrupt. In steps Rio Tinto licking its corporate lips.
Here is what BCL"s Managing Director, Peter Taylor, said about the company"s plan to reopen the Panguna mine:
"As far as Bougainville is concerned it would make an enormous difference because from what I have seen they only generate internally, about 5% of their budget at the moment. This has the potential to substantially meet the budget requirements of Bougainville".
So lets get this straight through some of the worst crimes known to humanity, Rio Tinto helps "bankrupt" Bougainville, and then the company employs every legal means at its disposal to deny victims of its terror compensation – after all this, without a hint of shame, they claim the only hope Bougainville has of getting off its knees, is if BCL returns and makes Rio Tinto indecent profits again.
The audacity of evil has a new pin-up model.
Laut TOP 100 er Liste dürfte der "Kumpel" zweifelsohne die Citycorp. Nominees sein.
11.12.2012 13.691.753 -1.941.586
10.01.2013 13.258.721 -433.032
13.02.2013 10.320.606 -2.938.115
23.04.2013 9.466.337 -854.269
Total: -6.712.723
Preceding Quarter-end stock committed to Lending Arrangements (value) 3 824 033,40 AUD
ca 7.5 Mill ausgeliehenen Shares (immerhin knapp die Hälfte des AU Jahresumsatzes) auch der Citycorp zuzurechnen sind???
Da wäre ein "Fail to Deliver" mit Vergütung zum aktuellen Kurs (oder tiefer) doch eine elegante Lösung sich des Schlamassels zu entziehen.