Trading Bougainville Copper (ADRs) 867948
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THE FIFTH MEETING of the Joint Panguna Negotiation and Coordination Committee (JPNCC) was held in Port Moresby yesterday.
The JPNCC was established in March and consists of representatives from the Autonomous Bougainville Government (ABG), the United Panguna Mine Affected Landowners Association (UPMALA), the Government of Papua New Guinea and Bougainville Copper Limited (BCL).
“The JPNCC is an important step forward in the potential resumption of mining at Panguna,” said BCL company secretary, Paul Coleman.
“It is a good platform to facilitate robust and transparent discussion between the two governments, the landowners around Panguna and BCL.
“Senior representatives from each organisation attend the JPNCC meetings, which are held every six weeks and rotate between Buka and Port Moresby,” he said.
The JPNCC oversees pre-negotiation activities relating to the potential redevelopment of Panguna including environmental, social and economic baseline studies, including public health, social mapping studies and the Belkol [reconciliation] process.
“The redevelopment of the Panguna mine is a challenging project and requires the full support and approval of the representatives of the people of Bougainville and the traditional landowners,” Mr Coleman said.
“One of the most important items on the agenda concerns the timing and nature of customary process of Belkol, where all sides express regret for the past and agree on a shared desire to move forward.
“BCL is confident that, once these processes are completed, formal negotiations can begin.
“The guidance and strong relationships formed through the JPNCC will be crucial,” he said.
Source:
The National, Thursday September 26th, 2013
By MALUM NALU
TALKS are continuing on the reopening of the Panguna mine in Bougainville, Autonomous Bougainville Government President John Momis says.
He, however, cautioned leaders such as Central Bougainville MP Jimmy Miringtoro and Lawrence Daveona not to jump the gun and bring in foreign investors through the “back door”.
“There are meetings going on now between the landowners and (Bougainville) administration as per the mine,” Momis told reporters on Tuesday.
“When I go back, I will meet with the landowners.
“We have reached about 98% agreement.
“We’re doing very well.
“We are the most democratic government in Papua New Guinea.
“We believe in consultation and consensual decision-making.
“We have conducted so many forums with landowners, resource owners, ex-combatants, civil society.
“I think we’ve come a long way.”
Momis warned that all efforts could be derailed if Miringtoro and Daveona did things their own way.
“We must remember that we are dealing with a highly tense situation,” he said.
§
White men decide the future of Panguna in ritzy Singapore club
by ramunickel
SINGAPORE SUMMIT
European Shareholders of Bougainville Copper
Singapore's former German Club, the prestigious Goodwood Park Hotel on Scotts Road
Singapore's former German Club, the prestigious Goodwood Park Hotel on Scotts Road
Peter R. Taylor, Chairman of Bougainville Copper Limited (BCL) met ESBC Presdent Axel G. Sturm on Tuesday in Singapore's former German Club, the prestigious Goodwood Park Hotel on Scotts Road.
Taylor flew in from Sydney on inivtation of Mr. Sturm to exchange in-depth information and new ideas on re-opening the Panguna mine.
Axel G. Sturm and Peter R. Taylor having lunch in Singapore.
Axel G. Sturm and Peter R. Taylor having lunch in Singapore.
Taylor confirmed that "we (BCL) are on track with our plans": Newly installed General Manager Project Development, Brad Stone will assist our Managing Director Paul Coleman who actually undergoes health treatment in Australia. Taylor describes Stone as well experienced: He started amongst others in Panguna and he is a specialist in Papua New Guinea business. He is supposed to maintain and improve BCL's good and promising contact to the ABG and PNG governmental institutions.
Axel G. Sturm thanked Peter Taylor for his commitment to come to Singapore and to improve relations with the European Shareholders.
ramunickel | September 26, 2013 at 1:22 pm | Tags: Axel Sturm, Bougainville, Panguna, Papua New Guinea, Peter Taylor, Rio Tinto | Categories: Financial returns, Papua New Guinea | URL: http://wp.me/pMvf7-2F0
"Criminal Terrorist", "Fanatic" and "Mentally Sick" – BCL"s Largest Shareholder Sprays Bougainvillean Leaders
by ramunickel
Winners are grinners, Bougainville Copper Limited (BCL) Chairman, Peter Taylor, and the largest individual BCL shareholder, Axel Sturm, recently met at the opulent Goodwood Park Hotel in Singapore to discuss Bougainville"s future.
Axel G. Sturm and Peter R. Taylor having lunch in Singapore.
In recent years Sturm has become a frequent commentator on Bougainville affairs. His knack for insulting sound bites has made him a favourite among journalists. Many of Sturm"s most legendary sprays are launched via the European Shareholders of Bougainville (ESBC) website which he administers. There he has slammed Bougainvillean leaders, writers and filmmakers accusing them of being "criminal terrorists", "fanatics" and "mentally sick". Sturm has also attacked PNG statesmen and decorated foreign commentators who he accuses of being "naïve", "delirious" and dishonest.
Yet far from distancing themselves from Sturm"s inflammatory remarks, BCL it would seem endorses them. In an address published on Sturm"s ESBC website, Peter Taylor writes:
"As chairman of Bougainville Copper I am restricted in what I can say due to corporations" laws. You do not have the same restrictions. Your analysis of the situation on Bougainville is appreciated" (ESBC Website, May 2011).
Here is a selection of Sturm"s "appreciated" analysis, which BCL"s Chairman travels several thousand miles to hear:
On Remembering the Bougainville Conflict
Bougainville writer Leonard Fong Roka has written numerous touching stories on the Bougainville war including one about his father"s tragic murder. This is the advice given to Roka by Sturm:
"Dear Leonard, the Bougainville Crisis was a nasty experience - for sure! But I believe that the Second World War was even worse for Bougainvilleans. Certainly one must not forget what happened and one has to learn from mistakes. But touching old wounds regularly is not helpful at all for healing" (PNG Attitude, 3/11/2012).
On BCL Liability for War Crimes and Environmental Damage
Sturm has denied BCL"s liability:
"We shareholders - as I understand, Rio Tinto, also, is a major shareholder - we are OK to invest another US$5 billion into the mine [on which they will make a large profit – PNG Mine Watch]. And I think that is more than enough compensation for a situation that was not caused by Bougainville Copper" (Radio New Zealand, 16/7/13).
He has also seems to suggest BCL was the victim:
"The mine was closed nearly 20 years ago mainly due to the secessionist conflict in which BCL was made responsible. Therefore, we believe that it would be a friendly sign of the Bougainvillean landowners to invite BCL to come back to work on the island" (Post Courier 8/5/2008).
On the Grand Chief, Sir Michael Somare
"I consider him as a poor, delirious old man who is more and more out of his mind" (ESBC Press Release, 26/6/2011).
On Critics of Rio Tinto
Sam Kauona – Former Commander of the Bougainville Revolutionary Army
"Sam Kauona is one of the alleged murderers of the so called Bougainville Revolutionary Army (BRA)! He is on the pay-roll of foreign notorious backdoor players! Most of his life he spent as a hardened criminal terrorist by intimidating, robbing and also presumably killing innocent Bougainvillean citizens" (ESBC Website, 27/2/2013).
Clive Porabou – Bougainvillean Environmentalist and filmmaker
Sturm accuses Porabou of being a "fanatic". He claims: "Clive Porabou - mislead and remote-controlled by anarchic left-wing ecologist groups in London (UK) and Australia - still continues spreading lies and jealousy in the internet and on the ground" (ESBC Press Release, 5/4/2011).
In a further exchange Sturm accused Porabou of being mentally ill:
"Parabou: In this regard, the closing down of Panguna Mine involved blood and the loss of lives of twenty thousand fighters, innocent children, men and women from the Southern tip to the Northern isles of Mekamui/Bougainville.
Sturm: You know very well that only approximately 1200 people were killed by unrest on Bougainville. The others died because of lack of medicines and normal death in that period. … Stop to publish all that bullshit now or are you mentally sick??" (see ESBC Website, 20/10/2011)
Lawrence Daveona – Chairman of the Panguna Mine Affected Landowners Association
Sturm on Daveona in 2008: "When I met him in May in Port Moresby, I had been deeply impressed by Lawrence Daveona. He is the ideal mediator in this sensitive issue. He has our confidence and our full support as well. Earlier than others Lawrence understood that the only way of bringing enduring peace and prosperity to the island of Bougainville means first of all getting all parties concerned together" (ESBC Website, 7/7/2008).
Sturm on Daveona in 2013: "It is true that for many years the ESBC supported Mr. Daveona"s efforts to resume mining by BCL. Unfortunately I had to stop funding Mr. Daveona because of his increasing inappropriate behaviour towards Bougainville"s President, Dr. John Momis and myself. Sadly there was no more sustainable cooperation possible for the benefit of Bougainvilleans. Today, quite obviously, Mr. Daveona follows his very own agenda and private interest which is proved by his recent statements. He does not have any regard for the people of Bougainville or even the Panguna landowner"s future" (Mine Watch PNG, 29/6/2013).
Dr Kristian Lasslett – Lecturer in Criminology, University of Ulster
Dr Lasslett"s research uncovered evidence confirming Rio Tinto"s infamous role in the Bougainville conflict. Sturm claimed: "It"s really shameful if an expert in criminology completely ignores facts and reality. Your naive adoption of statements and claims from rebel groups on the ground disqualify you as an honest scientist [Dr Lasslett"s claims are based on statements made by BCL Managers and internal BCL records – PNG Mine Watch] ...I suppose your work in Ulster [Northern Ireland], a region well known for rebellion and organised crime, troubled your vision...Unfortunately you are also allowed to spread your ideas among you students. You shall not use your academic position as a platform for indoctrination and agitation" (PNG Attitude, 26/4/2012).
Brian Thomson – Journalist, SBS Australia
Thomson produced a powerful piece on Bougainville"s tragic past, including material on Rio Tinto"s role in the hostilities. Sturm responded: "Thomson's loud presentation dismantles him as a naive and unprofessional 3rd class journalist" (ESBC Website, 26/6/2011). Thomson has won two Walkley Awards and a UN Peace Prize.
On Bougainville"s Future and Mining
In an interview with the Post Courier Sturm suggests Bougainville could become the next United Arab Emirates or even the Cayman Islands, a notorious tax haven:
"He [Sturm] also said that if the treasure in Bougainville was exploited, Bougainville would become one of the most fascinating places in the Pacific region [its not already ?– PNG Mine Watch]. Mr Sturm said Bougainville could be compared to the United Arab Emirates (UAE) where it was just an ordinary country before oil was found but today was the most prosperous nation in the world. He said if Bougainville considered venturing into mining activities, revenue earned from this industry would be used to fund other sectors such as tourism which would also benefit the whole region. Mr Sturm said the UAE was the wealthiest region and the money gave the Arabs the liberty to cultivate their ancient traditions [note tradition is alive and well on Bougainville – PNG Mine Watch]. Also, in far future Bougainville might become a fiscal paradise like Cayman Islands, Bahamas or other situated next door to the emerging markets of Asia, he said". (Post Courier, 6/5/2006)
ramunickel | September 30, 2013 at 11:28 am | Tags:
Immerhin war ich auch einmal bei der alljährlichen Veranstaltung in Köln dabei. Und es war auch so, dass Axel immer im Sinn der ESBC gehandelt hat (siehe auch die Geschichte mit dem Herrn aus Zug (semple). Das hat Axel richtig gut gemacht.
Mir kommt es so vor, als würden hier persönliche Animositäten ausgetragen.
Sinnvolle Mitarbeit im positiven Fluss für die Sache ist angesagt...
Wenn man deine Aussagen im Laufe der Jahre bewerten würde, wäre da auch nicht alles Gold was glänzt... also halt dich bitte mit persönlichen Sticheleien zurück, übe sachliche Kritik und unterstütze die Arbeit des ESBC mit konstruktiven Vorschlägen...
Denn ohne Axel hätten wir nicht diese Fülle an Informationen, gut aufbereitet mit vielen Fakten unterlegt... alles auf der ESBC Homepage...
und was kommt von Dir Inhaltsvolles... außer heißer Luft?
Axel antwortete darauf nicht, ich weiß es also nicht. Ich weiß nur so viel, dass nekro mal zum inneren Kreis der ESBC gehörte.
Ich rechne Axel hoch an, dass er den "Zwist" nicht öffentlich machte.
Schönen Tag und am Donnerstag viel mitfeiern (oder trauern) beim "Tag der Dt. Einheit.
Bougainville President, Chief John Momis, has called for cooperation between Port Moresby and Bougainville on funding to the Autonomous Bougainville Government (ABG).
The President spoke during a press conference in Port Moresby. He was responding to comments made in Parliament on Friday 20th September by Minister for Bougainville Affairs, Hon. Steven Pirika Kama. He was answering question about K500 million over 5 years for ‘high impact projects’ promised to Bougainville. The first K100m million was paid late in 2012. No payment has been made for 2013.
Mr. Pirika Kama told Parliament that he had advised the Prime Minister against further payments because the ABG had not acquitted the first K100 million. He said that Bougainville is an integral part of PNG, under the same laws as any provincial government.
President Momis said that cooperation between the ABG and the National Government is essential. It was regrettable that misunderstandings had occurred over the promised five years of funding for high impact projects. He said:
‘K100 million per year for five years was promised by Mr. O’Neil in February 2011. The first K100 million was paid late in 2012. There have been misunderstandings over three main issues. One is the choice of projects. Another is acquittal of the funds. A third is the status of the ABG under the autonomy arrangements.
On choice of projects, when the funds were first promised, Mr. O’Neil stated they were for high impact projects. He indicated just a few big projects should be chosen. But the two governments never agreed that issue. Almost two years later the first K100 million was paid. By then, the ABG had serious financial problems, because of long delays and serious underpayment of the main Restoration and Development Grant. So when the funds came, the ABG allocated that money to many smaller projects that we considered were very high impact for Bougainville which we had not been able to fund because of lack of other grant funds.
If the National Government does not agree with how we have allocated the funds, we can discuss that issue. We can then agree much more carefully than we did in 2011 on how the future payments should be spent.
On the question of acquittal, I really do not know what Mr. Pirika Kama is talking about. The ABG has done everything that law requires about acquittal of such funds. Let me explain.
The first K100 million was received late in 2012. It took some time for the ABG to choose and scope the projects and tender the contracts. The projects are still being rolled out. Much of the money has not yet been spent.
The ABG has been acquitting the funds spent in the normal way. That includes quarterly statements, and detailed records of both money spentand retained. TheMinister has access to all the records. So does the Auditor General. This is exactly the same level of acquittal that applies to project funds allocated to any Provincial Government or even a National level department.
If the National Government wants some additional level of acquittal to apply to the High Impact Project funds for the ABG, then that too should be a matter of clear agreement between the two governments.
On the question of autonomy, although Bougainville is still part of PNG, it is not a province. The Bougainville Peace Agreement promises Bougainville autonomy, and as a result amendments to the PNG Constitution in 2002 free the ABG from almost all National Government controls. We still have to acquit funds in the normal way. But the Cabinet and the Parliament have no control over the ABG in the exercise of its lawful powers.’
President Momis said the National Government and ABG cooperation on funding was especially important because Bougainville’s referendum on independence must be held between 2015 and 2020. National Government assistance is needed with economic development and making autonomy work. Without that help, Bougainvilleans will have no a real alternative to independence to choose from when the referendum is held.
He said:
‘We cannot allow silly disputes to interfere with our cooperation. especially as we head towards the referendum. Otherwise we risk a return to conflict.
The misunderstandings over the first K100 million are regrettable. I seek an urgent meeting with the Prime Minister to discuss how to avoid similar problems. I suggest that for future allocations we have clear written agreements on the two issues that have caused us problems - choice of projects, and acquittal.
If the National Government wants the next K100 million allocated to only 6 or 8 projects, let’s spell that out in detail. If they want special financial reporting and acquittal arrangements for such funds, let’s discuss,and agree themin writing.’
Chief John L. Momis
President
Autonomous Region of Bougainville
Quelle: Post Courier, 2.10.2013
CENTRAL Bougainville MP and Communication Minister Jimmy Miringtoro revealed that the referendum for Bougainville is still in question because things are not in order. Mr Mirintoro said there was no one particular person to blame except the Autonomous Bougainville Government leaders and Bougainville’s National MPs for not working together. (...) “It is high time ABG leaders begin to work with us.”
Mr Miringtoro denied that ABG had tangible high impact projects to show for all the monies received and especially the K100 million that was released early last year. He singled out the people suffering at the hands of leaders and said this must come to a stop if ABG was serious about the referendum and gaining independence. (...)
“We have not seen any major project on infrastructure that was funded by the monies given by the National Government in 2012.” “I have not seen any projects in Central Bougainville and I believe nothing has happened in the South and North of Bougainville”.
www.postcourier.com.pg/20131002/news08.htm
01 October 2013
290913BANAM SAYS ADMINISTRATOR MUST KNOW THE BOUGAINVILLE PEACE AGREEMENT.
By Aloysius Laukai
The Minister for Public service,Joel Banam says that the ABG needs people who know the Bougainville Peace Greement back to front.
Speaking at the installation of Chief Chris Siriosi at Sipai, MR BANAM said that the process of implementing the Peace Agreement has been stagnant because people in high positions knew nothing of the Peace Agreements and were working against the principles of these agreements.
MR. BANAM said that MR SIRIOSI was appointed so that he can fully implement the Bougainville Peace Agreement as he was heavily involved in the Peace Negotiations.
He also complaint that he was not happy that some senior Administration officers were not following ABG's instructions stating they were answerable to Waigani and not the ABG.
The public service Minister said that officers must not question political instructions but implement without questions.
MR.BANAM represented the ABG Vice President, PATRICK NISIRA who did not make it to Sipai last Sunday due to other commitments.
Ends
By Aloysius Laukai
Lack of capacity has been the main factor in slowing the delivery of services on Bougainville since the inception of ABG in 2005.
These were the sentiments echoed by the ABG Minister for Public Services, JOEL BANAM at the signing of the MOU between the ABG, Bougainville Regional Member, JOE LERA and the consultant for the Bougainville Polytech College in Buka today.
MR. BANAM said MR. LERA although a new comer to politics is breaking new grounds by delivering services to the people of Bougainville.
He said that MR. LERA was the only National member who is trying to work with the ABG and chipping-in wherever he can to make sure our people receive some basic services.
MR. BANAM said if all other three members can assist Bougainville can move mountains.
He said the Regional member is helping the ABG to make sure the capacity of Bougainville is strengthened by educating the people of Bougainville who can be utilized by both the ABG and the private sector in future.
The Agreement was signed by the Chief Administrator, CHRIS SIRIOSI on behalf of the ABG, JOE LERA and MR. DOMINIC EISO on behalf of the Consultants.
Ends
Bougainville leaders not united
by ramunickel
Post Courier
CENTRAL Bougainville MP and Communication Minister Jimmy Miringtoro revealed that the referendum for Bougainville is still in question because things are not in order.
Mr Mirintoro said there was no one particular person to blame except the Autonomous Bougainville Government leaders and Bougainville"s National MPs for not working together.
Mr Miringtoro has appealed to the leaders of the ABG and the National MPs to come together, be united for the sake of the 200,000 plus population of Bougainville and for the sake of moving Bougainville forward towards referendum.
He said it was disheartening to see leaders argue among themselves in the media, especially over the issue of money and specifically the National Government allocated K100 million out of the K500 million.
"Bougainville"s future will only grow when and if leaders of Bougainville work together both in the regional and on the national level," Mr Miringtoro said.
"The government itself cannot deliver so how can we run the big government when our leaders cannot deliver."
"It is high time ABG leaders begin to work with us."
Mr Miringtoro denied that ABG had tangible high impact projects to show for all the monies received and especially the K100 million that was released early last year.
He singled out the people suffering at the hands of leaders and said this must come to a stop if ABG was serious about the referendum and gaining independence.
"(Mr) Momis as a leader shouldn"t come into newspapers.
"In fact I shouldn"t too, but I have to now because of these reasons," he said.
"As a national leader I must say there is nothing much happening on the ground in Bougainville," Mr Miringtoro said.
"We have not seen any major project on infrastructure that was funded by the monies given by the National Government in 2012."
"I have not seen any projects in Central Bougainville and I believe nothing has happened in the South and North of Bougainville
By Winterford Toreas
BOUGAINVILLEANS can now look forward to the passing of a new law that will govern the operations of businesses in the region.
The Bill, titled Bougainville Inward Investment Act 2013, will be debated during the special Parliamentary sitting scheduled for October 15.
This investment Bill and the other titled Autonomous Bougainville Government Education Act 2013, were first brought before the House during last month"s sitting, but were later withdrawn by the two ministers who sponsored them.
Many Bougainvilleans were frustrated when they learnt that the government had decided to withdraw this investment bill.
This is because they were not happy with Asians, especially those of Chinese origin, opening and operating retail businesses in Bougainville. However, they can now breathe a sigh of relief knowing that this will again be re-debated in a week"s time.
According to the ABG Minister for Commerce, Trade and Industry Wilfred Komba, this Bill has already been finalised and is ready for debating in parliament.
Mr Komba said following the adoption of this investment law, the government will then hold consultations with the people before adopting the regulation outlining the list of businesses reserved for Bougainvilleans.
He added that there will also be a bureau established to monitor and police business operations in Bougainville.
By Aloysius Laukai in Arawa
The ten-days consultative meetings in and around the Panguna area organized by the ABG Mining Division and should have started today was stopped because of misunderstandings with the Panguna Mine Affected landowners Association Chairman Lawrence Daveona and his members.
The team should have started with the people of Ioro one, which is in the Bolave constituency.
An urgent meeting was quickly organized to iron out these differences at the Bovo Transit Lodge and all agreed to proceed with the consultations.
But because the Panguna Landowners chairman had already engaged the Morgan Junction Road block team to stop the delegation, All vehicles were turned back from there to return to Arawa.
The advance team led by the CEO for mining and the Minister for mining met the people today whilst the other parties had to return to Arawa.
All other engagement will depend on the negotiations taking place between the two Parted at the moment.
Ends
Sent from my iPad
"...THE CLOSURE OF THE PANGUNA copper mine in Bougainville and the low commodity prices of our agricultural products in the early 1990s meant the economy was struggling to sustain Papua New Guinea..."
http://asopa.typepad.com/asopa_people/2013/10/...n-the-past.html#more
Deshalb kann man nur unterstreichen, was Präsident Momis sagte #17564 : "...President Momis said that cooperation between the ABG and the National Government is essential..."
Deshalb: ob die "landowner" oder andere Bewohner in Bougainville sich nun mehrheitlich für "Bergbau jetzt" aussprechen oder sich zunächst noch durch Mißtrauen untereinander gegenseitig den Wohlstand verzögern und damit den kleinen illegalen Goldschürfern ermöglichen, hohe individuelle Gewinne zu machen, zu Lasten der Umwelt (Chemiekalieneinsatz) und zu Lasten des Staates Bougainville (Steuerhinterziehung), ist vor dem Hintergrund des Verhältnisses PNG / Bougainville nur zweitrangig.
Momis weiß das - ohne PNG geht nichts - und verlangt Einigkeit zur Stärkung der Bougainville Verhandlungsposition. Wann diese Verhandlungen zum Erfolg führen, kann nur abgewartet werden. Da aber Geld weltweit zunehmend knapper wird - verstärkt durch weitere Zinserhöhungen - steigt auch der Druck, sich zu einigen, um den im Boden liegenden Wohlstand zumindest teilweise bald zu nutzen.
Für den auf Anlageerfolg schauenden Anleger bedeutet das: Die Äußerungen aus PNG sind laufend zu beobachten.