Trading Bougainville Copper (ADRs) 867948

Was für ein ekelhafter Schmierlappen, der Typ!

@17274 sumoey: Recht so! :-)))

 

 

...im Detail auf die Wiederaufnahme des Minings vorbereitet:  www.bougainville-copper.eu !

das sind nach heutigem Kurs 0,4413 €...
mal schauen was dann AU macht...
habe heute wieder in Frafu abgegriffen... :)))))  

New post on Papua New Guinea Mine Watch
                    
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Port Moresby Bougainville Association to host Bougainville Day Seminar at Gateway Hotel
by ramunickel

Masalai blog

The Port Moresby Bougainville Association Inc. (PBA) will host the Bougainville Day Seminar on Thursday 29th and Friday 30th August at the Gateway Hotel.

The seminar will include presentations from both international and local experts who have profound knowledge and experience in the Bougainville peace agreement- a very effective resolution that ended the 10 year giant gold-copper Panguna mine crisis.

Speakers will include economics professor Dr Satish Chand (NSW); award winning peace advocator Sr. Lorraine Garasu; Agriculture Consultant Dr Sam Lahis; Anthony Reagan and other professionals who will share insights on significant issues in Bougainville.

Topics will highlight on the economic status of Bougainville; mining; agriculture as a sustainable income generating venture; the obligations of United Nation and other organisations that continually play an important role in Bougainville. The theme of the seminar is “Sustainability of Bougainville and the way forward.”

It will involve a lot of discussions and debates that are healthy and provides a platform for every Bougainvillean and the Autonomous Region of Bougainville (ABG), in their preparation for the 2015 independence referendum. The seminar is free and open to every Bougainvillean, friends and visitors to Port Moresby and will expect about 500 participants both employed and unemployed. It is the second seminar held by PBA Inc.

Organiser of the seminar, PBA Inc raised funds through the Bougainville day celebrations to assist in planning and co-ordinating the forum and acknowledged major sponsors such as PNG Ports, PNG Power Ltd, MRDC, Petromin Ltd and a major sponsor who wish to remain anonymous. The ABG also provided some financial assistance.
The Port Moresby Bougainville based Association Inc is led by Paul Nerau as President, Bruce Mallar as Vice President, Salome Rihatta as Secretary and Brian Semoso as Treasurer. They are the new executives that were voted on board by members at a Special General Meeting (SGM) held last week Sunday. They replace the former president Mrs Cecelia Kenevi and vice president Mr Peter Pinoko while Ms Rihatta maintains the secretary’s position.

The seminar is the second part of the June 15th ABG Bougainville Day celebrations. It is part of PBA Inc’s awareness drive on better informing and educating the public about the peace process and finding solutions and recommendations that is resourceful to the sustainability of Bougainville into the future.
PBA Inc. is a non-profit organisation that acts as an independent body that is not influenced by the government or ABG but strives to support initiatives that harness peace and unity through awareness.

The association works in partnership with the UPNG Bougainville Students Association (UPNG BSA), Don Bosco Technical Institute (DBTI BSA), Don Bosco Technical Secondary School (DBTSS BSA), other Tertiary and Secondary Institutions and other Bougainville Associations in and around NCD. PBA Inc believes in equipping youths and other Bougainvilleans to become future leaders for Bougainville.
ramunickel | August 27, 2013 at 2:24 pm | Tags: Anthony Regan, Bougainville, Panguna, Papua New Guinea, PNG development | Categories: Papua New Guinea | URL: http://wp.me/pMvf7-2z3  

Wenn das in der Sep.-Sitzung nichts wird, wann wäre die nächste Möglichkeit? Ich meine nur, wegen der paar Monate...  

........kann jederzeit einberufen werden um den Mining Act zu ratifizieren.

Nur Für den Fall des "Unexpected" ;-)))))))

Bougainville: the nuts & bolts of a return to mining

http://asopa.typepad.com/asopa_people/2013/08/...69e20192acc6d674970d

A HIGH-LEVEL TEAM from the Bougainville government’s mining department has told a conference in Madang of how the autonomous province is preparing itself for the resumption of mining on the island.

Bougainville was represented at the 3-day community relations mining workshop held earlier this month. At the workshop, mining officials shared each other’s experiences with each other and with the industry.

The Autonomous Bougainville Government’s (ABG) Department of Mining was represented by a team of 4 led by mining engineer Joseph Pangkau (pictured), Director of the Development & Coordination Division, who invited me to attend the meeting.

In the half-full conference room, the team detailed the state of play with mining in Bougainville.

They talked of how mining had previously created conflict and spoke of the suffering of Panguna landowners that led to the conflict, the Bougainville economy, the political future of the province and how the ABG wishes to re-open the mine - including the costly exercise of working towards possible re-opening.

Mr Pangkau said the Department of Mining was created under the Bougainville Peace Agreement, the Bougainville Constitution and the PNG Constitution.
On 16 November 2006, PNG agreed to give Bougainville powers on mining, oil and gas in a 15-stage strategic framework. The mining department was created to cater for these powers. So far, stages 1 and 2 have being reached and currently they are in stage 3, negotiations for Panguna mine.

The ABG answered the question of ‘why re-open Panguna mine’ with 5 points. Firstly, Mr Pangkau said that Panguna has proven and known minerals; secondly, the mine life is known; thirdly, the infrastructure is there and needs only maintenance; the Bougainville economy will be stimulated with commencement of construction; and lastly, the ABG needs to be fiscally self-reliant to run its affairs.

He claimed that, at the heart of the ABG, are lessons from the past about mining operation at Panguna. Thus landowners will be the major players in the decision over mining this time around with equitable benefit sharing and an effective environmental impact management scheme.

Currently the ABG is focused on 6 key issues:
(1) establishing landowner associations
(2) running public forums to collect Bougainville-wide opinion
(3) facilitating a baseline study of the Panguna mine areas
(4) assessing consultancy work relating to technical evaluations and feasibility studies
(5) conducting studies in mineral resources and ore body modelling of Panguna
(6) conducting financial modelling and economic and budgeting studies

Mr Pangkau stated that Panguna has 9 landowner associations of which 6 are well established and functioning. These have an umbrella body, the United Panguna Resource Owners Association, that will be the key player in re-opening negotiations. Each landowner group has start-up funding from the ABG.

ABG now has the duty to support landowners and their associations; build their capacity; prepare them for negotiations; recruit advisors and consultants along with BCL and the PNG government.

ABG has also committed itself to wider consultations across Bougainville. It has run consultative forums in Central, North and South Bougainville. Mr Pangkau said these forums ran for about 2 days each and that attendance was good and participation positive.

In August 2012, a joint ABG and National Government Scoping Mission had conducted a review to determine the type of baseline studies that need to be conducted to provide information on environmental, social and economic conditions of the people in Panguna.

Then, on 17 October 2012, a Joint Panguna Negotiation Coordination Committee [JPNCC] was established comprising the ABG, BCL, landowners and the PNG government.

One important issue of negotiation under JPNCC is the belkol money (compensation) issue. This is a kind of appeasement that must be paid to Bougainville before BCL attempts to return, for it is not only the Panguna people that have suffered in the conflict. The forms and extent payment have not been determined yet.

There is also a negotiation structure approved by the Bougainville Executive Council in place to ensure input into negotiations by all Bougainvilleans, and specific opportunities for input by groups including landowners and ex-combatants.

The overall direction for negotiations will be provided by a Negotiation Forum made up of the ABG President, John Momis, Vice President and Ministers; landowners, ex-combatants; and senior ABG officers.

This is an inclusive structure that will ensure the views of all Bougainvilleans are represented.

The main challenges to the ABG are the institutional capacity of the ABG Department of Mining, preparations for and the conduct of negotiations; funding estimated at K15 million a year that donors are helping with and Bougainville mining legislations.

Joseph Pangkau concluded with a few significant remarks about Bougainville history. He said that, since the Panguna uprising, it is evident that companies throughout the country are putting more emphasis on their social license to operate.

The ABG wants to make sure that, this time around, affected and impacted landowners play a key role in decisions about the mine.

All Bougainvilleans need to know what is going on and have an opportunity to express their views and concerns.

He said that, due to the conflict, the current process is unique and complex. Valuable lessons have been learned. With the right information; Bougainvilleans will reach a decision on the future of the mine.  

........5 gute Gründe ;-)))))

Firstly, Panguna has proven and known minerals;
secondly, the mine life is known;
thirdly, the infrastructure is there and needs only maintenance;
the Bougainville economy will be stimulated with commencement of construction;
and lastly, the ABG needs to be fiscally self-reliant to run its affairs.

PNG loses billions to government corruption
Updated 27 August 2013, 20:50 AEST
by Pius Bonjui
Estimates 40 per cent of PNG's budget is lost through corruption, wastage and mismanagement each year.


PNG Prime Minister, Peter O'Neill, is committed to fighting corruption. (Credit: AFP) 
Audio: Pius Bonjui speaks to Sam Koim (ABC News)
The head of the Papua New Guinea's Anti-Corruption Taskforce says huge amounts of money have been lost through government corruption and mismanagement in the past six years.

Sam Koim says his office estimates that more than seven billion Kina have been siphoned off since 2007.

He has told Pacific Beat that corruption has grown from occasional and sporadic instances to the extent where it is now entrenched and becoming endemic in PNG.

"From the allegations that we've received and from the information at hand, we have identified that at least 40 per cent of our national budget is lost through corruption, wastage and mismanagement annually," he said.

"That is the extent of the problem that we have in this country."

Mr Koim has put advertisements in local newspapers to give the public an update on the scale of corruption within PNG's Government.

Among those facing committal hearing before the National Court are three current politicians, Paul Tiensten, Mark Maipakai, and Francis Potape.

Mr Koim says the Taskforce has arrested and charged 59 people with 30 people committed to stand trial.

"Of those 30 people, including leaders, serving politicians and business people, some of their trials are coming up in the month of September and we're looking forward to how they go - our aim is to secure conviction," he said.

Mr Koim says some of those arrested have properties in Australia and his Taskforce is working closely with the Australian authorities to have those assets restrained.

"It is public knowledge that Mr (Eremas) Wartoto's assets have been affectively restrained in Australia but there are others who own property in Australia and we are working to restrain them as well," he said.

Mr Koim says Prime Minister, Peter ONeill, is committed to fighting corruption.

"That will has been demonstrated through the creation of the team that I am heading," Mr Koim said.

"(But) the buck stops with him but it must be a concerted effort by all other ministers and leaders and department heads to align themselves to combat corruption.

"The decisions of government have to be realigned to combat corruption - that remains a challenge in actioning the will of the government."  

http://www.usagold.com/gold-price-live.html

http://bougainville.typepad.com/newdawn/2013/08/...sional-traini.html

By Aloysius Laukai

The private Bougainvillean owned TECHSKILLS PROFESSIONAL TRAINING will start its first Heavy equipment Training school in Panguna starting September 9th, 2013.
This was revealed by the Director/ Manager of the School and trainer, WILLIAM HOLLAND on New Dawn FM’s talk back show yesterday.
He said that he had to team up with the people of Panguna and establish the school as they prepare for the possible re-opening of the giant Panguna Copper and Gold mine.
MR. HOLLAND said that the first Training will be on DOGGER CRANE OPERATOR TRAINING and that the school was already accepting the first trainees.
He said that he runs courses in East New Britain but had to return to Bougainville as Bougainville needs fully qualified manpower if the mine re-opens and the people of Bougainville must be trained to participate if the operation starts.
MR. HOLLAND said that involving Bougainvilleans in the initials restarting work will make them feel part of the whole rebuilding exercise saying recruiting professionals outside will not be good for Bougainvillean youths.
He said the students will do practical on Four newly imported Equipments already in Panguna brought in by the Chinese Scrap Metal group.

in der Sache gut, allerdings gefällt mir der Sponsor nicht.  

Panguna brought in by the Chinese Scrap Metal group..."

heißt wohl, dass die Chinesen das Kupfer wollen UND dass - falls die Panguna Bevölkerung BCL nicht will - die Panguna Lizenz an die Chinesen verkauft wird. Das bedeutet, dass es so oder so Geld in die Kasse von BCL bringt.  

.....zu Zeiten der 3.5 USD/Share Pritzker Offerte an RT:

Copper price 1992  2,219 USD/T
Gold price     1992  333 USD/oz
Silver price   1992    4 USD/oz

Seitdem wurden die BCL Reserven um 50% gesteigert,
der Kupferpreis hat sich ver-3.5-facht,
der Goldpreis ver-+4-facht
u. der Silberpreis ver-6 -facht

... Die Förderkosten leider auch ....  

.....zu Zeiten der 7.5 USD/Share Chan Offerte an RT:

Copper price 1998  1700 USD/T
Gold price     1998  300 USD/oz
Silver price   1998    5 USD/oz

Seitdem wurden die BCL Reserven um 50% gesteigert,
der Kupferpreis hat sich ver-4.5-facht,
der Goldpreis ver-+4-facht
u. der Silberpreis ver-5 -facht  

...gedeckelt, obwohl 375.000 Stück im Bid stehen?

Market Depth for BOUGAINVILLE COPPER
as at 10:00:08 AM Wednesday, August 28, 2013

BOUGAINVILLE COPPER Trade Summary - Status  
Last Change % Volume Trades Open High Low
0.590 0.000  0.00 0 0 0.000 0.000 0.000
Last Traded 0 @ 0 - No trades today

BOUGAINVILLE COPPER Market Depth
BOC Buyers
Level Buy Quantity Price
1  1 6,600 0.515
2  1 50,000 0.505
3  1 20,000 0.500
4  1 55,000 0.480
5  1 10,000 0.450
6  1 59,347 0.430
7  2 124,920 0.420
8  1 10,000 0.400
9  1 5,000 0.390
10  1 25,000 0.385
11  1 10,000 0.380
12  1 1 0.350

BOC Sellers
Price Quantity Sell Level
0.610 15,000 1 1
0.615 3,000 1 2
0.620 16,538 2 3
0.630 1,500 1 4
0.640 16,193 2 5
0.645 18,800 1 6
0.650 24,930 1 7
0.675 3,000 1 8
0.695 8,000 1 9
0.710 100 1 10
0.720 100 1 11
0.820 10,000 1 12
0.950 80,000 1 13
1.490 93,000 2 14
5.000 178,000 1 15
5.400 200 1 16
7.200 600 1 17
8.000 20,000 1 18
13.000 20,000 1 19
13.900 1,200 1 20
18.500 5,000 1 21
22.350 50,000 1 22
25.000 30,000 1 23
30.000 1,300 2 24
45.000 1,900 1 25

davon Stück 250.000 Nachfrage aber erst zu Kursen von AUS 0,43 ...  d.h. EUR 0,28 !!!!! Nachfrage auf dem aktuellen Kursniveau Fehlanzeige !!!!

aktuelles Volumen liegt bei Stück 150 in Australien .... von einem Deckel zu sprechen ... naja ..... bildet sich jeder selbst seine Meinung .....  

... alles wartet auf weiterführende Nachrichten... Und die sollten die Tage ja auch kommen...  

man sich das mangelnde Kaufinteresse für BCL-Aktien an, muss man zu dem Schluss kommen, das die Teilnehmer der diversen aktuell laufenden Gespräche vor Ort der Meinung sind, das "weiterführende Nachrichten" noch lange auf sich warten lassen.

Mit tatsächlichen Entscheidungen und konkreten Verhandlungsabschlüssen rechne ich erst für Mitte/Ende 2014. Weil, dann wird allen Verhandlungsteilnehmern klar werden, das die Zeit gegen sie spielt und sie von ihren diversen Forderungen massiv runtergehen müssen. Ab 2015 wird sich die Insel-Unabhängigkeit um die Zeit verschieben, die diese Insel benötigt, um an eigenes Geld zu kommen. Und das geht nur mit Panguna. Und am schnellsten eben mit BCL in Panguna.  

gar nix. aber auch nicht gekauft. keine orders.....
also auch keine konkrete notwendigkeit. so sieht es aus.
daher kann man noch in ruhe, und aus meiner sicht auch gerne
noch billiger, sich mit bocs eindecken. zeit muss man haben.  

http://mekamui.wordpress.com/2013/08/28/noah-misingku/
   

...............sollte nächste Woche für weitere Aufmerksamkeit in den Medien sorgen.

The month of September will deal with BEL KOL and Oustanding Compensations.

... steht im September noch die Verabschiedung "Mining-Law" an.