Trading Bougainville Copper (ADRs) 867948
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PNG ressurces boom could open way for ponzi schemes
Radio New Zealand
Papua New Guinea’s resources boom could leave the country more susceptible to fraudsters and ponzi schemes, according to new research by the Australian National University.
John Cox has been studying the effect of fast money schemes like the U-Vistract scheme a decade ago, and why PNG’s educated middle class has paid over 208 million US dollars to such schemes since 1998.
He says the resource boom is creating high expectations of wealth that could create a sense of mistrust that people will prey on.
“So what I’m hearing from the people that I speak to is ‘PNG’s a rich country, we shouldn’t need to have aid programmes, we shouldn’t have poor people here, there’s something wrong with our system’ and they often blame it on corruption, but more often it become what we call a negative nationalist account. They say ‘we’re under-developed, it’s because our politicians are corrupt.’ “
John Cox says the system and government corruption is often used by ponzi operators in PNG as an excuse for why money hasn’t shown up.
Discussions between mine-affected landowners, Bougainville Copper Limited (BCL) and the Autonomous Bougainville Government (ABG) are being held not to re-open the Panguna mine but to right the wrongs of the past.
The major players need to complete many tasks before progress towards a mine can even be considered.
These include the implementation of a mining bill for Bougainville, the push for BCL-Bougainville Bel Kol, social mapping, baseline studies and increased community engagement.
All stakeholders require the certainty of a widely supported Bougainvillean mining bill and this is now one of the major tasks that the ABG is working on.
The ABG is working to create a mining act in consultation with the landowners and the various interest groups and legal experts.
The transitional mining bill is being worked on but it is not complete, still subject to Bougainville-wide awareness and consultation to gauge the opinion of the key stakeholders and the broader community.
Bel Kol, social mapping and the baseline studies are the responsibility of the Joint Panguna Negotiation Coordination Committee (JPNCC) made up of mine-affected landowners, the ABG, PNG Government and BCL.
Bel Kol, a unique Bougainvillean cultural custom of remorse, is expected to take place in 2014.
After Bel Kol there can be social mapping and environmental baseline studies that will pave way for full transparency amongst the landowners of Panguna mine-affected areas and inform their future interactions with BCL.
Amongst other activities this will involve community engagement where landowners" opinions on the past, the present and the future on mining will be collected.
There will also be environmental baseline studies where data will be collected on the current state of mine-affected areas so it can be compared to past information.
Independent specialist firms will engaged by the JPNCC to study the impact of mining on the people and their environment.
These all activities will guide a realistic and responsible path forward for landowners, the ABG and BCL.
Die letzten Versuche Unruhe zu stiften???
http://www.radionz.co.nz/international/...-group-held-in-port-moresby
Updated at 7:38 pm on 17 February 2014
Papua New Guinea authorities are holding an American man who allegedly tried to smuggle fake money into Bougainville from the United States on Saturday.
American citizen Barry Keith Webb flew in from Manila to Port Moresby with plans to continue to Buka.
The Post Courier says he was detained by airport authorities who found a brief case with newly printed counterfeit money, so called Bougainville kina.
Mr Webb had documents from King David Pei II who for years has claimed to head an independent Bougainville state based in the south of the province.
The documents supposedly authorise Mr Webb to represent the central bank of this breakaway state.
http://www.radionz.co.nz/international/...n-joins-png-security-debate
Updated at 4:40 pm on 17 February 2014
A senior member of the rebel Me'ekamui Defence Force has met the president of the autonomous Papua New Guinea province of Bougainville, John Momis, to discuss law and order issues.
The Post Courier reports Panguna based Steven Ona, who is second in command of the Me'ekamui Defence Force, travelled to Buka last week to speak about setting up a region-wide civilian security force.
Mr Ona told the paper the recent visit to Panguna by Mr Momis and the PNG prime minister, Peter O'Neill, had inspired the Panguna people to open up to the rest of Bougainville.
The historic visit also motivated his people to clean up their backyard.
He says they now plan to train youths as security guards to help maintain the rule of law throughout the region.
Mr Ona says there are all kinds of law and order issues and youth are the main culprits.
He says the force would assist the police service which is not as strong as it could be.
der Papst sagt:........
Ich sage ...... das Erdloch säuft bald ab.......
Bleib in deinem Thread und las die blöden Komentare in anderen Threads
The ABG President Chief DR. JOHN MOMIS fully recognises the significant partnership between the Panguna Landowners and the ABG to move Bougainville into Referendum and into a bright future.
Comments
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Interesting reading, perhaps we need to be mindful of the fact that the landowners associations that come for all these meetings in Buka need to communicate to their members. This is and has been missing, and is slowly begining by the process started by the few leaders that remained back in Arawa. The president needs to be corrected in that re-opening of Panguna should be bottom up, and not top down. The issue of compensation will still be negotiated even if it means after development of the mine. Landowners will not want to have a situation in which BCL will get the agreement signed and they will go and look for the financing arrangements for the project. Both Landowners and ABG should be equal partners in the process of negotiating the re-opening of Panguna. We cannot continue to tolerate just being offered a 2% equity or 19%. Bougainville got to start thinking outside the box, and try to maximise its level of participation.
Posted by: Rodney Kameata | 18 February 2014 at 03:16 AM
BCL are not welcome in Panguna. They were the reason why the mine was closed.
They failed to address landowner’s issues. They underestimated the educated landowners like the late Francis Ona.
CRA and BCL were themselves bullies assisted by the racist Australian Colonial Administration to trespass on the people’s land. They were never invited at the first place. They forced their way into Panguna and Bougainville without any invitation and consent of the people.
BCL the people of the Meekamui Tribal Nation and the Meekamui Defence Force do not want BCL back in Panguna.
Momis is a failed leader. He has blood in his hands. He has no respect of the culture of the people of Bougainville. The blood of the 20,000 lives are crying to be memorise and their spirits put to rest.
aus
http://ramumine.wordpress.com/2014/02/18/...e-not-welcome-in-panguna/
The present Panguna Landowners Association is not the true representative of all the landowners in Panguna.
The Meekamui Government is the entity that represents the true aspirations of all the landowners and they don’t want the mine to be open at this stage without addressing outstanding issues like memorial and compensation.
The Meekamui frankly do not welcome BCL and ABG at Panguna which is a no go zone to protect the resources of the people.
The Meekamui are the custodian of the people’s resources and they will continue to protect these resources by following the footstep of their late human rights leader Francis Ona.
Mit
"The Meekamui Government is the entity that represents the true aspirations of all the landowners and they don’t want the mine to be open at this stage without addressing outstanding issues like memorial and compensation."
ist wohl Musingku u. seine Chaotentruppe gemeint ;-)))
Was mich viel mehr beschäftigt ist die Frage unter wechen Bedingungen RT aufs Neue investiert?
Ich meine Rechtssicherheit und Vertragstreue.
Zeitpunkt: 19.02.14 13:35
Aktion: Löschung des Beitrages
Kommentar: Löschung auf Wunsch des Verfassers
Den Betreff hast Du sicher auch gelesen, oder? Ist das Deine Art, mit vertraulichen mails umzugehen?
Sei so fair und lass den Beitrag moderieren.
@Axel: von mir auch herzlichen Dank für Dein Engagement.
Hätte so nicht passieren dürfen. Nochmals Entschuldigung. Werde zukünftig besser aufpassen!
Gerne bin ich so fair und lasse den Beitrag moderieren.
Hierzu bitte Anleitung!
Source:
The National, Wednesday 19th of February, 2014
THE recent visit by Prime Minister Peter O’Neill to the Autonomous Region of Bougainville has united the leaders and their people, Bougainville Governor Joe Lera (pictured) told Parliament yesterday.
Lera said O’Neill’s visit to the region had a huge impact on the people.
He said one of the major impacts of that visit was that he united all the leaders of Bougainville and the people.
He said the four MPs and ABG leaders plus the president decided to hold regular meetings quarterly. Lera said another impact of that visit was it removed the suspicions that had taken root in the minds of the people 15 years after the crisis. He said that mentality contributed to the poor relationship between the two governments and slowed down the implementation of the peace agreement. He said O’Neill gave hope to the people 15 years after the crisis. He said they had now seen the light through the high impact projects and the people were very happy.
Statement by Hon. Peter O"Neill CMG MP to Parliament on the Goodwill Visit to the Autonomous Region of Bougainville - courtesy of Gorethy KennethTuesday Feb 18, 2014
Mr Speaker, I am pleased to provide to the House a statement on my recent goodwill visit to the Autonomous Region of Bougainville. The purpose of my visit was to reconnect with the people of the autonomous region and show the people of Bougainville that the National Government is deeply committed to righting the wrongs of the past. It was the first visit by a Prime Minister in fifteen years. I have made it my business to travel to the four corners of Papua New Guinea. Bougainville is part of Papua New Guinea they deserved a visit.
Mr Speaker, we are all familiar with the details of the Bougainville conflict. But what matters now is the long road to peace and reconciliation and the restoration of normalcy on the Island.
Mr Speaker, in August 2001, the Peace Agreement was signed at Arawa between the National Government and Bougainville government. That agreement was then given legal affect in 2002, through the Organic Law on Peace -Building in Bougainville-Autonomous Bougainville Government and Bougainville Referendum. The National Government also amended its Constitution and paved the way for Bougainville to pass its own Constitution in 2004.
Mr Speaker, the first election was held in Bougainville in 2005. The people of Bougainville elected their own representatives and the Autonomous Government of Bougainville was formed. Under the Constitution, we recognise only the Autonomous Bougainville Government. Other groups may be formed and give themselves all manner of names and titles. But the legal and rightful government is the Autonomous Bougainville Government.
Mr Speaker, the Autonomous Bougainville Government is not like other Provincial Governments. The arrangements for Bougainville came from very tragic and unfortunate events and gave rise to a unique solution.
Mr Speaker, the arrangements provide for the transfer of powers and function to the Autonomous Bougainville Government. I am pleased to say that a lot of hard work has been done. Legislation to create the Bougainville public service has been approved by the Bougainville Executive Council and the Bougainville Assembly will consider it shortly. With the establishment of a Bougainville public service, the transfer of powers and functions from the National Government can be completed.
Mr Speaker, I am also aware that the Autonomous Bougainville Government has some acute capacity problems. Whilst all Provinces in PNG face the problem of a poorly trained and aging workforce, it is even worse in Bougainville. The conflict saw many young people denied an education and forced to flee their homes. I encourage young enthusiastic men and women to take advantage of the vocational training opportunities that the governments and donors are providing.
Mr Speaker, the conflict resulted in a complete breakdown in the delivery of basic services. After years of neglect roads, health centres and schools have deteriorated to an unacceptable level. We need to rebuild these institutions. Due to these special needs the Autonomous Bougainville Government has very different funding arrangements to Provincial Governments. The funding arrangements may be inadequate and this needs to be addressed.
When I was the Treasurer I identified the depth of this problem and a special intervention fund was established. It was agreed that the Autonomous Bougainville Government would receive K500 million over five years. From 2011 to 2016 the National Government would appropriate K100 million per year to the Autonomous Bougainville Government for major impact projects.
Mr Speaker, these extra funds would rebuild essential infrastructure and allow for the delivery of basic services. Unfortunately, there was a disagreement over how those funds would be allocated. However, I think we are all clear now on the purpose and use of those funds.
Mr Speaker, I am pleased to inform the House that the priority projects for the 2014 appropriation are:
· Sealing the Kokopau to Buin road;
· Re opening Aropa airport;
· Rehabilitating the Buka Island ring road;
· Restoration of the water and sewerage system for Arawa and Buka;
· Restoration of the Kieta wharf;
· Rehabilitation of bridges on the South West Road; and
· Restoration of radio Bougainville.
These projects have been scoped and are now ready for implementation. This will make a huge change to the lives of the people pf Bougainville.
Mr Speaker, the purpose of my visit was to show the people of Bougainville that the National Government stands ready to help. I want all Bouganvillians to be able to send their children to school, to get their crops to market and if they get sick to be able to see a health worker and receive proper treatment.
Mr Speaker, over the three days I spent in Bougainville I was privileged to be able to visit Buka, Buin, Siwai, Panguna and Arawa. In the true Melanesian way, peace and reconciliation ceremonies were held between myself (as representative of Papua New Guinea) and the local leaders. These ceremonies were warmly received by the communities. In particular, I was deeply moved at the ceremony in Panguna with the family of the late Francis Ona and other leaders from the mine area.
Mr Speaker, I would like to thank the people of Bougainville for showing such hospitality. Thousands of people travelled great distances to welcome me to their homes. It was greatly appreciated.
Mr Speaker, throughout my visit I assured the people in Bougainville the National Government is committed to the peace process and ensuring that life is returned to normal for the people of Bougainville.
Mr Speaker, I know that the mine is a very contentious issue and has caused a great deal of heart ache for many people. In my view, this is a matter for the people of Bougainville. Bouganvillians must decide their own fate and the future of the mine. It is not for me to interfere.
Mr Speaker, one of the most important parts of the peace agreement is the referendum on the future political status of Bougainville. Bouganvillians will make a decision about their own future. According to the peace agreement the referendum can occur any time from 2015 until the year 2020.
Mr Speaker, my immediate priority is to rebuild the infrastructure of Bougainville so that when we hold the referendum Bouganvillians will be able to make a meaningful choice. My government is working hard to fully implement the peace agreement. We may have gotten off to a slow start but we are now moving ahead.
Mr Speaker, when selecting the date for the referendum consideration must be given to the following:
1. Whether weapons have been disposed of in accordance with the agreement; and
2. whether the Bougainville Government is being conducted in accordance with internationally accepted standards of good governance.
Whether the Autonomous Bougainville Government has met internationally accepted standards will be determined by the Joint Supervisory Body after considering the findings of independent reviews of the arrangements.
Mr Speaker, every five years the National Government and Autonomous Bougainville Government are required to commission an independent review of the implementation of the peace agreement. Last year the National Government and the Autonomous Bougainville Government commissioned that review. The review is now complete. The review found that there have been significant failings on both sides. We have not done enough to implement the agreement.
Mr Speaker, the Autonomous Bougainville Government has a lot of hard work ahead of itself. However, with the immanent passage of the Bouganvillian Public Service Act and with continual support from National Departments, the Bouganvillian public service is slowly being re built.
Mr Speaker, during my visit to Bougainville it was very obvious that the ordinary Bouganvillian has a very poor understanding of the peace agreement. This concerns me. I am pleased to say that the Autonomous Bougainville Government and the National Government has committed to a public education campaign. This is aimed at the public, public servants and all members of the National and Bougainville Assembly.
Mr Speaker, this government isalso taking its obligations seriously. I will be recommending that a parliamentary committee is established to provide political oversight and leadership in relation to the Bougainville referendum.
Mr Speaker, I think we can all agree that what occurred in Bougainville was a terrible tragedy. But it is now time to rebuild. My visit to Bougainville was historic and served as an important marker in the peace and reconciliation process. My visit was an assurance to the people of Bougainville that the National Government is firmly committed to fully implementing the peace agreement and returning normalcy to their lives.
Yesterday, Civil Aviation Minister and Public Enterprises Minister Ben Micah were in Bougainville to reopen the Post Office in Arawa after 25 years, and also open an office for Air Niugini there.
In two months or so we will re-open the Aropa airport so Air Niugini can fly directly there.
PNG Power, MVIL and other statutory bodies are resuming the provision of their services there.
I want to ensure that the people of Bougainville are once again able to enjoy essential services.
.......Mr Speaker, I think we can all agree that what occurred in Bougainville was a terrible tragedy. But it is now time to rebuild. My visit to Bougainville was historic and served as an important marker in the peace and reconciliation process. My visit was an assurance to the people of Bougainville that the National Government is firmly committed to fully implementing the peace agreement and returning normalcy to their lives.
Yesterday, Civil Aviation Minister and Public Enterprises Minister Ben Micah were in Bougainville to reopen the Post Office in Arawa after 25 years, and also open an office for Air Niugini there.
In two months or so we will re-open the Aropa airport so Air Niugini can fly directly there.
PNG Power, MVIL and other statutory bodies are resuming the provision of their services there.
I want to ensure that the people of Bougainville are once again able to enjoy essential services.
...........
........yes jetzt fehlt doch nur noch ........next, we will re-open the mine........;-)))))
Bedeutet: Inclusive Mining Power ;-)))
190214ABG TEAM IN CONTROL SAYS CHAIRMAN
By Aloysius Laukai
The Chairman of the ten member ABG member"s forum, JOHN KEN says that his committee has been working with all parties to make sure the AROPA airport is opened this year.
He told New Dawn FM this afternoon that a separate meeting organized between the landowners have all agreed to re-open the AROPA airport so that Business can start in this part of Bougainville.
The member who is representing the people of South Nasioi which covers the airport area said that his people were ready to participate in economic activities that this new development will bring.
He said that he was happy to see impact projects moving to Central Bougainville this year.
Member Ken said that the ABG members and the National Members have also agreed to work together in the name of development of the region.
He said in the past this cooperation was not good and this was creating divisions between their followers.
Anthony Kaybing
The Autonomous Bougainville Government will not sanction the use of the so called Bougainville Kina (BVK) nor does it recognize it as legal tender in Bougainville.
The ABG"s Minister for Finance Albert Punghau made this statement following the apprehension of an American national at the Jackson"s Airport with a brief case filled with the phony currency amounting to BVK1.6 last week.
The currency is sponsored by illusive money scam boss and self-proclaimed king Noah Misingku"s U-Vistract organization under itssubsidiary the International Bank of Mekamui.
Mr Punghau said the ABG does not and will not condone the actions of the Mekamui Faction headed by U-Vistract.
"Bougainville is still under the jurisdiction of the PNG Government and the BVK is in breach of the country"s laws and monetary policies" Mr Punghau said.
He said that despite Bougainville"s autonomous arrangement, under the Bougainville Peace Agreement Bougainville cannot have its own currency and must still use the PNG Kina as legal tender.
With reports of the BVK already in circulation in parts of South Bougainville, Mr Punghau made it clear that the currency has no value as it is not recognized by the ABG and PNG Government.
He explained that in any country only a Central Bank has the authority to mint a country"s currency under the backing of their Governments.
Mr Punghau further explained that until such time as Bougainvilleans decide to become independent through the referendum then can Bougainville be granted the right to mint its own currency and formulate its own monetary policies.
"Right now the legal tender in Bougainville is the PNG Kina and nothing else," he said.
He said Bougainvilleans who are using the BVK must refrain from doing so as business houses in Bougainville will not accept it following the advice of the PNG Central Bank that denounced the use of the currency last year.
He added that in the case of the American national, Barry Keith would face the full brunt of PNG"s migratory laws as well as having to face other charges on violating the country"s monetary policies.
Reports from sources within Noah Misingku"s camp in Tonu, say that U-Vistract has distanced itself from the scandal saying they were unaware of Mr Keith"s illegal entry into the country.
Ends////
Pictured is AKA KING PEI (ii) Picture at his King's Palace, Tonu City by Aloysius Laukai
ich hab den entsprechenden Absatz mal übersetzt. Man könnte es tatsächlich so interpretieren.
Auf jeden Fall ist es nicht explizit ausgeschlossen worden. ;))))
....Herr Präsident, die Regelung sieht die Übertragung von Zuständigkeiten und die Funktion der Autonomen Regierung von Bougainville. Ich freue mich, zu sagen, dass eine Menge harter Arbeit geleistet worden. Gesetzgebung zum Erstellen der Bougainville öffentlichen Dienst wurde von der Bougainville Exekutivrat und der Bougainville Versammlung genehmigt wurde, wird es in Kürze zu betrachten. Mit der Gründung eines Bougainville öffentlichen Dienst, kann die Übertragung der Aufgaben und Befugnisse von der nationalen Regierung abgeschlossen werden.
Quelle : http://www.bougainville24.com/
Only mine can drive autonomy – Momis
President of the Autonomous Bougainville Government (ABG), Dr John Momis, has said that the future autonomy of Bougainville is dependent on an operational Panguna mine.
Dr Momis stated that the ABG does not have revenue to be self-sufficient and there other local industries are not yet strong enough to drive Bougainville forward.
"It is my view that without the mine it will be nigh impossible to generate enough revenue to run the autonomous government," Dr Momis told Radio New Zealand International.