Trading Bougainville Copper (ADRs) 867948

Quelle : http://dev.postcourier.com.pg/kids-place/#.U0JdpaIUOzZ


Know your Constitution

Today we feature section 193, Division 7 on the National Constitution provision relating to Bougainville’s Referendum.

(1) Subject to this section, a Referendum on the future political status of Bougainville shall be held in accordance with this Division.

(2) Subject to Subsection (7), the Referendum shall be held on a date agreed after consultation by the Bougainville Government with the National Government, which date shall be not earlier than 10 years and, notwithstanding any other provisions, not more than 15 years after the election of the first Bougainville Government.

(3) The date referred to in Subsection (2) shall be determined after considering whether weapons have been disposed of in accordance with the Agreement;  and in accordance with Subsection (4), it has been determined that the Bougainville Government has been and is being conducted in accordance with internationally accepted standards of good governance.

(4) The question whether the Bougainville Government has been and is being conducted in accordance with internationally accepted standards of good governance shall be determined in accordance with the review and the dispute resolution procedure.

(5) For the purposes of Subsection (4), the internationally accepted standards of good governance, as they are applicable and implemented in the circumstances of Bougainville and Papua New Guinea as a whole, include democracy, the opportunity for participation by Bougainvilleans, transparency, accountability, and respect for human rights and the rule of law, including this Constitution.

(6) The National Government and the Bougainville Government shall co-operate in ensuring progress towards achieving and maintaining the standards referred to in Subsection 5.

(7) The Referendum shall not be held where the Bougainville Government decides, in accordance with the Bougainville Constitution, after consultation with the National Government, that the Referendum shall not be held.

 

http://www.radioaustralia.net.au/tokpisin/radio/...ong-op-ken/1291910

..............http://www.theguardian.com/business/2014/apr/06/...hts-nigeria-kiobel

http://dev.postcourier.com.pg/kids-place/#.U0ReqhB6lvo

By JACOB IENU

General Moses Pipiro of the Mekamui defence force has never left his mountain home in Panguna after the end of the Bougainville conflict in 1997.

With the help of local mediation chief Paul Berako he was able to reconcile with parties in whch he came into conflict with during the crisis.

His retaliation agianst these parties were a result of Mr Pipiro and the MDF following standing orders from the BRA high command at Guava village.

According to Mr Pipiro, this reconciliation, known in the local Nasioi dialect as “piriri domang tapo” or way forward in English was held on April 5 was a follow up of the three commanders’ reconciliation ceremony conducted last year (2013) fascilitated by Panguna Peace Building Strategy (PPBS) between Moses Pipiro, Chris Uma and Ishmael Toroama.

It is also another milestone opportunity for the Moses and the Ioro people since the Bougainville conflict started 20 years ago in Panguna to readress the Panguna/Bougainville aspiration in the determination of referendum and independence of Bougainville.

This is the begining of a new era and of many reconcilation processes that Mr Pipiro had to deal with in a process to heal, to recover and to reconstruct many wounded souls of Bougainville families and communities which have been affected by the Bougainville conflict in which he commanded and fought for.

Speaking at the reconcilliation, he said: “Taim me behainim standing order blong BRA na mekim ol displa samting where ol narapla i kisim bagarap, family blong mi yet tu i no been stap gud,’’.(By following the standing orders of the BRA high command I destroyed other families which also had a direct negative impact on my own family especially the women, my mother, my sisters and nieces).”

“Today as I reconcile with those that I retaliated against I must also free my family and myself from this burden that we carry.”

Supporting her uncle Moses, Miss Janet Moranu stated: “Moses you are now free from the burden that you imposed on youself and your family’’.

She pointd out that mothers carried the burdens of the conflict like a “ekatu“, the traditional Nasioi backpack normally carried by women.

Chief Moses Morui, representing the Morena famiy (Morena was assassinated by the MDF in 1997 just before the signing on the Bougainville Peace Agreement), accepted Mr Pipiro’s eforts to reconcile with the Morena family.

“As the chief of my clan and on behalf of the Morena family we accept Moses’ offer to reconcile today and there will be no more bad feelings beween us from today,’’ he said.

Lucy, the daughter of the late Morena, emotionally accepted Mr Pipiro’s apologies.

“No more from today, it ends now,” she said, fighting back tears.

Charlie Atave, the former commander of the Pinei valley BRA faction, also accepted Mr Pipiro’s apologies with a challenge that this reconciliation must bear fruit through tangible development in Panguna district.

Local businessman and chief of the Kurabang clan who helped in funding the roconciliation on behalf of Mr Pipiro also challenged the busness houses to do their bit for peace.

“All business in Panguna and Arawa are being conducted on land washed by the blood of the dead in the conflict. Thus business houses must play their part in the reconciliation by helping the government in funding these processes.”

All speakers spoke of unity in facing the challenges that lay ahead.These challenges included other reconciliations with people from North and South Bougainville.

The second part of the ceremony centred around the four traditional rituals of reconciliation with the first known as akuaku in the Nasioi dialect.

This is the lashing of shell money (mimis) to the victims.

Step two of the ceremony was the karekaar, where all parties shared and chewed betelnut from one common basket.

This was followed by step three, which was the tangkunia or the burying of a stone which signifies the agreement of peace between the parties involved.

The final step included what is known as siosio, meaning the formal declaration of peace by all parties concerned.

Acknowledgment for mediation between the MDF and the ABG  towards funding of this particular reconciliation must go to Ben Paula, Thadius Kaile and  Albert Magoi of Bougainville Securites, who was instrumental in setting up the the MDF security during Prime Minister Peter O’Neill’s visit to Panguna early this year.

These were the three involved securing funding through the ABG to fund the reconciliation in Panguna.

Mr Magoi challenged both ABG and national Government mandated members/ministers to attend such reconciliation processes as their attendance would be a sign of caring for the little people.

080414NO TO SALE OF CUSTOMARY LAND
By Aloysius Laukai

The Regional Customary Lands Officer, HENRY STALEI is encouraging customary landowners not to sell their land as they could be selling their birth right to someone else and this could lead to problems for them and their future generations long term sufferings.
Speaking to New Dawn FM today, MR. STALEI said that his office is discouraging any further sale of land as problems concerning similar sales in the past are increasing throughout the region.
MR. STALEI said that ownership of customary land is by clans and not individuals which means clan members rights are limited to the use of these land and must not be sold as a piece of object by one person.
He said that Bougainvilleans value land as a sacred things that cannot be removed from its owners who rely entirely for their daily livelihood.
On land that had been bought previously, MR. STALEI said that these land should be registered with his office so that there is record for these lands.
He said that any future land acquisition must be fully documented so that if any disputes arise in the future, these records can be used to settle these disputes with the courts.

 

New post on Papua New Guinea Mine Watch
                    
           §


Shareholders want action on Bougainville mine
by ramunickel

Australasian Centre for Corporate Responsibility

accrShareholders at the Bougainville Copper (BCL) AGM will push the company to address the concerns of the local community and environmental issues before attempting to reopen the Panguna mine, Bougainville, Papua New Guinea.

BCL operated the Panguna mine between 1972 and 1989. Panguna is, still, potentially one of the largest copper and gold mines in the world.

The Australasian Centre for Corporate Responsibility (ACCR) has placed two resolutions on the agenda for the Bougainville Copper AGM to be held in Port Moresby on May 6.

   “The best chance of BCL’s mine being re-opened will come from commitments to future good corporate citizenship by BCL. Rio Tinto, its largest shareholder has made such commitments. BCL should too. That is what our resolutions call for.” said Ms Caroline Le Couteur, Executive Director, ACCR.

The mine was closed as a result of industrial sabotage by local landowners arguing that the mine polluted the environment and waterways, harmed culture, custom and kinship, killed wildlife, damaged crops, caused illnesses and significant inequalities. The group demanded compensation and the mine closure. The PNG government responded using military force and a blockade, prompting a decade long war leading to 10,000 to 20,000 dying.

   “To improve the chance of the mine reopening, to get a better deal for the people of Bougainville and ensure the environment disaster of the previous operations are not repeated, we are calling on BCL to invite an independent jurist to conduct a full enquiry into the involvement of BCL in the civil war, and ensure any proposal to restart the mine should deal with the outcomes of that enquiry. We are also calling on BCL to commit to a high standard of environmental rehabilitation,” said Ms Caroline Le Couteur, Executive Director, ACCR.

ACCR is working with Jubilee Australia, an NGO with strong links to development organisations and faith groups in Australia including the National Council of Churches of Australia. Jubilee Australia’s CEO Brynnie Goodwill said, “The voices of the people living in the vicinity of the mine who live with its impact now and for years to come should be closely involved in decisions regarding its future.”

An ‘Investor briefing’ and details of ACCR and Jubilee are on our website or visit our Bougainville page
ramunickel | April 10, 2014 at 4:50 pm | Tags: ACCR, Bougainville, Environmental damage, Human rights, Jubilee Australia, Landholders, Papua New Guinea, Rio Tinto | Categories: Environmental impact, Human rights, Papua New Guinea | URL: http://wp.me/pMvf7-3dZ

Comment   See all comments

Unsubscribe to no longer receive posts from Papua New Guinea Mine Watch.
Change your email settings at Manage Subscriptions.

Trouble clicking? Copy and paste this URL into your browser:
http://ramumine.wordpress.com/2014/04/10/...ion-on-bougainville-mine/  

Quelle :http://www.bcl.com.pg/latest-news/...oyment-are-high-on-jpncc-agenda/


Local education and employment are high on JPNCC agenda
Posted on March 31, 2014 by Ben Jackson

The Joint Panguna Negotiation Coordination Committee (JPNCC) has expressed a unanimous desire for significant landowner participation in employment if and when Bougainville Copper Limited (BCL) returns to Panguna.

The JPNCC is made up of representatives of mine-affected landowners, the Autonomous Bougainville Government (ABG), the Government of Papua New Guinea and BCL.

Vocational training for employment will need to be undertaken and the JPNCC will work closely with the ABG Division of Education, which is now rolling out education programs across Bougainville.

One of the first areas of employment will be the provision of support and services for the implementation of the environmental, social and economic baseline studies to be overseen by the JPNCC.

Provided it acceptable to the landowners, Bougainville Copper is keen to open an Arawa office following the customary process of bel kol, a reconciliation process which is expected to take place later this year.

The BCL Arawa office will also create several local jobs, including liaison officers to the nine mine affected landowner areas.

The JPNCC will continue to meet throughout 2014 in both Port Moresby and Buka.  

Quelle :  http://www.accr.org.au/bougainville_copper  

top Nachricht :Dank Rückendeckung aus Europa
Investoren reißen sich um griechische Staatsanleihen

so oder ähnlich vielleicht? bald??:

Dank Rückendeckung aus Austtralien
Investoren reißen sich um BCL shares

;-))))))))))))))))))))))))))))

 

New post on Papua New Guinea Mine Watch
                    
           §
Bougainville Copper shareholders call for independent inquiry into civil war
by ramunickel

PHOTO: Bougainville's Panguna mine is one of the richest copper mines in the world. (ABC)

PHOTO: Bougainville's Panguna mine is one of the richest copper mines in the world. (ABC)

Jemima Garrett | Radio Australia

A group of shareholders is calling on the Rio-Tinto subsidiary, Bougainville Copper Ltd, to appoint an independent jurist to conduct a full enquiry into the involvement of the company in the civil war on PNG's Autonomous Region of Bougainville, before it goes ahead with any plans to re-open its mine.

The move is being coordinated by a new lobby group, the Australasian Centre for Corporate Responsibility.

The civil war, which left up to 20,000 dead, was fought between PNG forces and the Bougainville Revolutionary Army, amid ethnic tensions among local Bougainvilleans and Papua New Guineans from other parts of the country.

"During that period there was clearly involvement of both Bougainville Copper and the Papua New Guinea government and I think the wounds from that are still not have still not healed that is the biggest issue," said Caroline Le Couter, executive director of the Australasian Centre for Corporate Responsibility.

Prior to taking on the job at the centre, Caroline Le Couteur, spent 17 years on the board of Australian Ethical Investments Ltd, a company with more than $700 million under management.

Ms Le Couteur told Pacific Beat the best chance of BCL's mine being re-opened will come from commitments to good corporate citizenship.

   "I think it is important in terms of having a fresh start for Bougainville Copper, that we are starting again, that we are listening to the people of Bougainville and that is why we are looking for an independent person to, on behalf of Bougainville Copper, to look at what the issues are and how things can be better in the future," she said.

   "There is no interest for shareholders obviously in repeating the problems of the past.

   "We want a positive future and that will only be a positive future if the people of Bougainville feel it is going to be a positive future."

Bougainville Copper Ltd has told the Australian Stock Exchange shareholders will be asked to vote on 2 resolutions.

The first will be to commit the company to sign up to international human rights and environmental standards.

The second to call for the appointment of an independent jurist of outstanding achievement to conduct a full inquiry into the company's involvement in counter-insurgency on the island of Bougainville during the civil war in the late 1980's and nineties.

The votes will take place during an annual general meeting to be held on 6 May at the Grand Papua Hotel in Port Moresby.
ramunickel | April 11, 2014 at 9:56 am | Tags: ACCR, Bougainville, Environmental damage, Human rights, Landholders, Panguna, Papua New Guinea, Rio Tinto | Categories: Environmental impact, Financial returns, Human rights, Papua New Guinea | URL: http://wp.me/pMvf7-3e3  

...wennn ich das richtig lese ist hier der 707 ner Club angesprochen. ;-)) ........

......Bougainville Copper Ltd has told the Australian Stock Exchange shareholders will be asked to vote on 2 resolutions.

The first will be to commit the company to sign up to international human rights and environmental standards.

The second to call for the appointment of an independent jurist of outstanding achievement to conduct a full inquiry into the company's involvement in counter-insurgency on the island of Bougainville during the civil war in the late 1980's and nineties.

The votes will take place during an annual general meeting to be held on 6 May at the Grand Papua Hotel in Port Moresby.

 

100414 BOUGAINVILLE LAWS TAKES EFFECT AFTER APRIL 30TH
By Aloysius Laukai

The Three new laws enacted by the ABG Parliament two weeks ago will have legal effect as soon as the ABG President, Chief DR. JOHN MOMIS, acting on advice of the Bougainville Executive Council publishes them on the Bougainville Government Gazette.
These Bougainville laws are the Bougainville Public service and administration law, Bougainville Public Finance and Management Law and the Bougainville Contract and Supply Law.
The Bougainville Chief Administrator, CHRIS SIRIOSI made this known on his weekly radio Program on New Dawn FM today.
MR. SIRIOSI said that as soon as these laws are gazetted, the National laws on Public service and the other two laws will cease operating on Bougainville.
He said that it is anticipated that this gazette will be published by the 30th of April, 2014.
The Acting Chief Administrator said that a policy submission is been worked on to be presented to the BEC by the Minister for Administrative Services, JOEL BANAM to advice the BEC on the status and capacity of how these laws will be operated under the ABG.
He said that one trigger to make sure the law starts operating on Bougainville will be appointment of a Bougainville Acting Chief Secretary who will be in-charge of all the changes that will take place from the former National Government function to the ABG Function.

Ends
 

.........subservience

http://ramumine.wordpress.com/2014/04/12/...ougainville-subservience/

...in wenigen Minuten auf www.bougainville-copper.eu !

14.04.2014

Source: Post-Courier

By DAVID LORNIE in ARAWA


MINING company  Bougainville Copper Limited  is planning a big bel kol reconciliation ceremony in Arawa, Central Bougainville this year.

The ceremony, in local dialect called domang mita, is expected to include up to 3000 people.

It will be a landmark event for both the autonomus island province and the company.

The ceremony is an important step in BCL’s publicly stated goal to re-open the rich Panguna copper and gold mine in Central Bougainville.

The mine ignited a ten-year bloody war in 1989 which quickly evolved into a secessionist struggle against Papua New Guinea.

The effects of the war are still being felt in Bougainville.

It is recognised that the recent visit to Bougainville by PNG Prime Minister Peter O’Neill has helped pave the way for the upcoming ‘Bel Kol’.

Preparations are well underway and the Autonomous Bougainville Government under the leadership of President John Momis is taking a major role.

A meeting was held in Buka recently between the President and some ex-combatant leaders to discuss the upcoming ceremony, though some key figures on the ground in Arawa have told this newspaper they have not yet been made aware of the event.

The ceremony will recognise that BCL and Bougainvilleans are willing to reconcile past differences and forge a new relatonship.

There will be a feast, traditional symbolic chewing of betelnut, cleansing of blood, medicinal rites by traditional healers and an exchange of gifts.

There will also be a discussion about compensation for the company’s past wrongs.

Hardliner ex-rebel army factions have said they want K10 billion in compensation from the company but in an interview with this newspaper last year, BCL boss Peter Taylor said he will need to negotiate that stance.

Whilst the PNG Government - a 19 percent shareholder of the mining company - will not be directly involved in the ‘Bel Kol’ and its organisation, they will send observers.

Also attending the ceremony will be Mr Taylor, representatives from the Australian and New Zealand Governments and other foreign interests.

At this stage the Bel Kol is expected to cost K900,000 and BCL has agreeed to contribute half of this sum. The Bougainville Government will provide the balance.

It is important to note that the cermony will not automatically lead to the re-opening of the mine. It is another step in a long process that will enable the next round of discussions to take place.

The event is not specifically designed as a forum for BCL to pay compensation, rather it is about discussing issues relating to the mine’s future, of which compensation is one.

In its recently released annual report BCL said it is pleased with progress so far in its attempts to re-establish its commercial presence in Central Bougainville.

The company hopes to open an office sometime soon in Arawa.

 

... für Dein nicht nachlassendes Bemühen, Leser von der ESBC Homepage fernzuhalten!

...aber dennoch, dass Dir die Seite Ansporn ist und Du gerne Texte von er ESBC Homepage kopierst, um sie hier einzustellen - natürlich ganz ohne den von Dir ansonsten gepflegten Referenzlink. ;)

Ganz nebenbei: Kauf doch mal ein paar Shares bevor der Kurs explodiert.

Zu Deiner und zur Information anderer, die an meiner Arbeit gerne herummäkeln: Mit inzwischen weit mehr als 2.000.000 Aktien habe ich nun auch die bislang größten privaten Shareholder weit überholt. Da freust Du Dich sicherlich mit mir - oder?

Warum kompliziert wenn es auch einfach geht. ;-)))))

Gute BOC News sollten Investierte u. Interessierte ohne Zeitverzögerung erreichen.

Auf welchem Wege das geschieht ist m.M. nach zweitrangig,oder?

...............im Besitz der von dir so arg gescholtenen Nominees ist es die als ESBC-Präsi immer noch nicht gelungen auch nur einen einzigen Share ins Share-register eintragen zu lassen.

Blamabel,oder einfach nur grosse Klappe?

...Zeilen zu später Stunde! Da habe ich wohl mehr als einen wunden Punkt getroffen...

150414PRESIDENT’S THREE PRINCIPLES
By Anthony Kaybing

The question pertaining to the outcome of the Autonomous Region of Bougainville’s future will rely on the ability of Bougainvilleans to work together.

To achieve this Autonomous Bougainville Government President, Chief Dr John Momis has encouraged Bougainvilleans to recognize three very important principles which they must embrace.

“The Principle of Solidarity is paramount in which our people are united, the Principle of Participation where every Bougainvillean participates in development and also important is the Principle of Subsidiarity where no Bougainvillean is marginalized with everyone having a fair go,” Dr Momis said.

Dr Momis said that it is high time Bougainvilleans learnt to work together in union with their government, the ABG, to further Bougainville’s aspirations to determine its political future.

Dr Momis said that if Bougainvilleans embrace these three principles and recognize the need for togetherness the people can and will achieve a positive outcome in Bougainville’s political future.

“The ABG has already made headway in creating new laws that strengthens Bougainville’s Autonomous arrangement but our government will not marginalize our people,” Dr Momis added.

He gave an example of the proposed Bougainville Mining Act saying that the ABG has an inclusive approach to deal with problems like the Panguna Mine issue where ex-combatants, landowners and average Bougainvilleans have their views gauged in ABG sponsored consultative forums.

In relation to the ABG’s laws the Dr Momis said that the enactment of the three new laws, the Public Management Act, the Public Finance Management Act and Tenders and Contracts Act create a viable receptacle for effective development.

The President said these laws will give the ABG strength to effectively deliver services to its people but what remains to be seen is the cooperation of the leaders, the public service and the people to see that things are not rendered useless.

“Inspite of our setbacks and lacking capacity we have to get our priorities right and know what we need to achieve development in all aspects,” he said.

“If you do not work for the greater good for Bougainville then you are certainly working against the ABG and the people of Bougainville,” President Momis said as he urged all Bougainvilleans to work in unity.

He made these remarks in his weekly talk on New Dawn FM at the weekend.
Ends  

"MINING company  Bougainville Copper Limited  is planning a big bel kol reconciliation ceremony in Arawa, Central Bougainville this year."

Ist das immer noch für Mai vorgesehen?
 

Auf Deienr Website gibt es diese Fair Value Study von einem Mr. Anil Bakaya, Pune, India.
Diese Study verbindet gewisse Milestones mit gewissen Kurszielen.

Wie aktuell würdest Du diese Study im Moment einschätzen. Und wie würden sich jetzt besagte Kursziele aktualisieren? Ich glaube damals waren noch nicht die aktuellen Kosten für den Wiederaufbau der Mine eingepreist.  

Beruhigt euch wieder! ;-)
Ich verstehe Axel, dass er es gerne sieht, dass möglichst viele Leute auf die BCL Seite zugreifen, statt das Ariva Forum stärker zu frequentieren.
Ich verstehe aber auch nekro, der sich wundert, warum Axel bisher noch immer keine Aktien ins Aktionärsregister eintragen lassen hatten.
Immerhin hatte Axel den Nominees den Kampf angesagt.
Hierzu hält sich Axel leider bedeckt und das war für mich zunächst eine erheblicher Grund, des ESBC bis auf Weiteres zu verlassen.
Ich achte Axel und vor allem Seine Arbeit, aber keinerlei Aktien eintragen zu lassen, da kann ich nicht mitgehen.
Am Ende entscheidet wieder jeder für sich.
Vielen Dank an euch beide.  

...Zeitplan und die bisher im Raum stehenden rund 2,7 Mrd. EUR Invest von BCL in die Insel sind sicherlich interessante Punkte. Prinzipiell kein Thema, wenn Art, Umfang und auch hier der Zeitplan stimmt. Der Betrag dürfte auf einen realistischen Betrag zu reduzieren sein. Die von BCL angesprochenen "Umbauten" am Minenarial  zum Umweltschutz müssten ebenso in den Betrag einbezogen werden, so dass sich Kosten der Wiedereröffnung und des Bel Kols überschneiden dürften. Dann klingt das alles schon nicht mehr sooo dramatisch. Kommt also auch darauf an, worein investiert werden muss. Interessant auch, dass der Markt all das wieder einmal nicht honoriert (denn in den letzten Wochen sind die Chancen erneut nicht unerheblich gestiegen, der Kurs jedoch ruht) und ganz im Gegenteil einige bereit sind, recht erhebliche Bestände jetzt herzugeben. Wir werden es wohl nie erfahren...

Also, bis auf die nächsten "paar Monate", ich leg mich wieder hin und warte auf 2020.