Trading Bougainville Copper (ADRs) 867948

Bougainville's president says Rio Tinto cannot assume it will operate Panguna mine
By Jemima Garrett

http://www.abc.net.au/news/2014-05-22/...mine-in-bougainville/5471706

Updated 5 hours 55 minutes ago


Bougainville mine Photo: Rio Tinto's Panguna mine was once the PNG Government's major source of revenue. (ABC)


Bougainville's President John Momis says Rio Tinto and its subsidiary Bougainville Copper won't automatically be allowed to run the Panguna copper mine if it reopens.

Consultations are taking place and there is progress towards talks on reopening the mine that sparked Bougainville's civil war in the 1980s and 90s.

Mr Momis says landowners from the mine site have consistently indicated they prefer to deal with Bougainville Copper Limited (BCL) rather than a new potential operator.

"They talk of preferring the devil they know and not a new devil," he told Radio Australia.

"In large part they mean that they acknowledge that BCL both accepts that it played a role in what went wrong at Panguna and is prepared to contribute to finding workable solutions.

"They fear that a new developer may not have the same attitude."

Mr Momis has put strict conditions on reopening the mine and says BCL and its 53 per cent shareholder, Rio Tinto, cannot assume they will be the operator.

He says Rio Tinto and Bougainville Copper will only get the support of his government if they provide many economic opportunities for his people and ensures community participation in all decisions.

Bougainville Copper's executive chairman Peter Taylor says while he's not keen on being seen as the "preferred devil", he is not worried the company will be ousted.

"There are criteria that [Mr Momis] expects any potential operator to meet," he said.

"We think we will be in good shape to meet those criteria so at that level I am not concerned."
Bougainville Copper's approach 'quite good'

Bougainville is due to hold a referendum on independence from Papua New Guinea before mid-2020 but for there to be a real choice the Autonomous Bougainville Government must have an independent source of revenue.

For many on Bougainville, including President Momis, the massive Panguna copper mine is the best hope.

Back in 1975, the Panguna copper mine was the revenue source that bank-rolled PNG's independence from Australia.

The agreement to get it up and running in time was rushed and its failure to deliver benefits to landowners led to the grievances behind the civil war.

Mr Momis, who is determined to get it right this time, says he's pleased with BCL's approach to the negotiations.

"We don't know what Rio Tinto will do because they are so remote from us but I must say Bougainville Copper's approach is very good and I am quite happy that we are collaborating," he said.

"I think Rio Tinto is probably being consistently and systematically briefed by BCL.

"We haven't heard anything that might mitigate against the process proceeding towards reaching a conclusion, in fact, we are very happy with Bougainville Copper's approach so far."

Mr Momis is also working hard to diversify Bougainville's economy.

Crops such as cocoa are now providing substantial income for Bougainvilleans but not the tax revenue needed for Bougainville to be self-reliant.

Mr Momis sees Panguna having an impact well beyond mining.

"Panguna mine will be like a magnet that attracts a lot of other businesses and it only needs Bougainville Copper landowners and ABG to agree and that will attract a lot of these companies to come and generate income for the people and revenue for the government."

Wer finanziert die "PNG Mine watch" typen? Spende ja auch mal jährlich eine gewisse Summe für Hilfsorganisationen. Aber für diese Orginisation keinen Cent oder vielleicht doch aber ungewollt?  Wer steht dahinter?? Die werden doch gesteuert von Interessengruppen . Wer ist das ??
 

................ohne Kursbewegungei der Top Nachrichtenlage ;-)))))

und im Ask standen noch 120k, bin mal gespannt was noch so passiert, das Orderbuch sieht jedenfalls miserabel aus  

http://www.teleboerse.de/...i-Kupfer-gute-Nerven-article12888916.html  

Anyone remotely familiar with the conditions on the ground in Bougainville, as opposed to the fantasy like pronouncements of President John Momis and his merry band of Australian advisers, would know their elaborate campaign (or hoax) to reopen the mine is a castle made of sand … and its sinking into the sea, quickly.


Axel Sturm and Peter Taylor having lunch in Singapore.
No one on the ground supports Rio Tinto/BCL, because we remember what the company did to our mothers, fathers, brothers, sisters and children. Memories of horror don’t leave, no matter how hard people try to exorcise the demons left by rio Tinto/BCL.

So BCL is one big poisoned chalice.  The question is which shareholders are going to be left holding the empty slips of paper when reality sets in. It appears that reality is dawning on many investors and they are leaving BCL, to the cries of ponzi scheme magnate Axel Sturm (President, European Shareholders of Bougainville Copper) – who has been trying to puff up the share price.

Now he is begging for the rats to stay on the sinking ship so they can all plummet to the bottom together. Here is the latest bit of puffery from ESBC and Axel Sturm:

The news on the expected re-opening the Panguna mine by Bougainville Copper are getting more promising, day by day [LOL!! LOL!!].

The hysteric yelling from anti-mining activists becomes louder and louder [yes, they are deafening at Panguna!!] and last but not least: backdoor players – once again – are aggressively pulling down BCL’s shareprice to a ridiculous level by selling off huge quantities (up to 500,000 shares and more) at low price.

These three facts should encourage investors of BCL in buying more shares now [Ponzi scheme!!]. Of course, contradictory public statements, strange political games by local politicians or malicious claims of a local drunkard landowner are confusing investors repeatedly.

However, the majority of Bougainvilleans are aware that their personal future depends on the re-opening of the Panguna mine by a trustful organisation like Bougainville Copper Limited. And this is supposed to become reality one day – sooner or later.

260514COMMITTEE DEFERS MEETING
By Aloysius Laukai

Secretariat of the ABG Parliamentary Committees today said that the proposed enquiry on Peace Process and Weapons disposal has been deferred to a later date due non availability of funds.
This was revealed in a servicmessage sent from the Committee secretariat to New Dawn FM this afternoon.
The message said that Committee on Peace, Reconciliation, Weapons Disposal and Veterans Affairs would like to apologize to the public on the delay but it was beyond their control.
Another message will be given as soon as funds have been secured for the meetings
Meanwhile, New Dawn FM was told last week that the Committee on Education that was supposed to carry enquiry in East New Britain was still waiting for its share to complete their task.
It is not known if this committee were able to travel to East New Britain for the Inquiry.

Ends

Posted at 06:09 PM in ABG News | Permalink | Comments (0)  

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270514REGIONAL FORUM ON
By Aloysius Laukai

The three annual regional forums organized by the regional member for Bougainville, JOE LERA is ready to stage the forum for Central Bougainville starting tomorrow.

The forum ill be held at Rururvu Primary School in Wakunai

This will be the first meeting for this year 2014.

The meeting according to the Regional member will review projects planned for scoping and implementation and be an opportunity for the forum to re-prioritize some projects.

Member LERA said that after Central they will hold the South
Bougainville one at Panakei and North Bougainville one t Malasang village.  

sorry,aber hier merkt man die Einfälltigkeit/Dummheit der Mekamui  

Die Forderung ist nicht wirklich ernst gemeint, macht sich aber als Druckmittel verdammt gut. Die Meekamui/Miningtoro wissen, dass sie von niemandem so viel Geld bekommen werden.

Nicht einmal die Währung steht dabei, macht es doch einen großen Unterschied, ob die Forderung in KINA oder USD beglichen werden soll.

Hier möchte nur eine weitere Partei einen Stück vom Kuchen ab haben.
 

Hallo,

Bitte entschuldigt, falls die Frage hier schon einmal oder gar wiederholt gestellt und beantwortet wurde:

Diese letzte Order in AU über Center Point, ist das für BCL was Neues oder hat man darüber auch schon in den letzten Tagen, Wochen, Monaten BCL gehandelt? Ich verfolge das in AU nicht so genau.

Danke!

 

das gab es schon mehrmals; ich besitze eine 2. Aktie in AUstralien, dort scheint auch dieses "Center Point" auf;
ich weiss auch noch nicht was das bedeutet, aber vielleicht geht man in Australien, wenn man keinen Broker haben Kann/will einfach zu einem Schalter und kann dort die Aktien erwerben - wie im Supermarkt....  

da hat heute einer 100 Stk an der Nasdaq gekauft ....das verstehe ich am wenigsten....  

http://www.asx.com.au/services/trading-services/asx-centre-point.htm  

...............zu 0,44 $ (0,3230€) scheint eher ein VK gewesen zu sein?

http://www.radioaustralia.net.au/international/...cally-right/1317676

Source: The National

THE reopening of the Panguna mine will be driven by the wishes of the landowners and the people of the Autonomous Region of Bougainville, says the president Chief Dr John Momis.
He said this on New Dawn FM in Cairns, Australia, last week while attending the Australian-PNG Business Forum.
Momis said the region should focus on the possibility of re-opening the mine to create fiscal self-reliance for itself as the time span for it to achieve real autonomy and imminent independence was limited.
Momis said if all went well, the mine should be reopened by 2020 and ABG would be the recipient of substantial taxation revenues during the projected three construction phase.
According to Alois Lautokai of New Dawn FM, the ABG has been working with the PNG Government to implement the provisions of the Bougainville Peace Agreement to allow it to exercise mining powers normally exercised by the  Government.
He said the process was largely complete and had involved:

   Establishing an ABG Mining Department;
   The development by the ABG of its own mining policy; and
   The preparation of Bougainville mining legislation.


Unlike what most critics claim, the ABG has continued to consult landowners and other Bougainvilleans to prepare for possible negotiations about the future of the mine. These are  being done slowly, deliberately and carefully, Momis said.
He said the region had no intention to rush and they were first trying to ensure that the mine lease landowners were organised to be fully involved in every step of the process.
He said in spite of critics claiming ABG’s hand in manipulating the issue and quietly lobbying for the return of BCL, the ABG had always remained objective.
He said the decision to have BCL return to Bougainville depended on the company, but further stated that the landowners wanted BCL.
Momis said if mining went ahead, it must provide economic opportunities for as many Bougainvilleans as possible and ensure active participation.

http://dev.postcourier.com.pg/kids-place/#.U4X34XYUOzY

28.05.2014

Landowners, people integral to reopening of Panguna mine

The Autonomous Bougainville Government’s approach to the reopening of the Panguna mine will continue to be driven by the wishes of the landowners and the people of Bougainville.
ABG President John Momis said this during the 30th Australia PNG Business forum in Cairns last week.
“We have strictly limited time in which to get real autonomy working, and before people are faced with a choice about independence, it is that limited time that requires us to focus on exploring the possibility of re-opening Panguna to create fiscal self-reliance on Bougainville,” the President said.
“We must focus on exploring the possibility of re-opening Panguna, for all being well that could occur in the early 2020s and the ABG would be in receipt of substantial taxation revenues during the projected three year construction period,” he said.
The ABG has been working with the PNG National Government to implement the provisions of the Bougainville Peace Agreement to allow it to exercise mining powers normally exercised by the National Government.
This process is largely complete and has involved establishing an ABG Mining Department, the development by the ABG of its own mining policy, and preparation of Bougainville mining legislation.
Unlike what most critics claim, the ABG has continued to consult with landowners and other Bougainvilleans to prepare for possible negotiations about the future of the mine, which are being done slowly, deliberately, and carefully.
“We have no intention to rush and we are first ensuring that mine lease area landowners are organised in such a way as to be fully involved in every step of the process,” President Momis said.
He said inspite of critics claiming the ABG’s hand in manipulating the issue and silently lobbying for the return of BCL, the ABG has always remained objective.
He said that the decision to have BCL return to Bougainville depends on the company, but further stated that the landowners themselves do want BCL to return, referring to the axiom – “it is better to have the devil you know than the devil you don’t”.
The President expressed that if mining goes ahead, it must provide economic opportunities for as many Bougainvilleans as possible, ensure an equitable spread of economic opportunities, and ensure active participation by Bougainvilleans in decision-making at all stages, including once the mine is operating  

http://210.193.160.7/netwealth2/depth/boc

29.05.2014
Source: Post-Courier

Bougainville leaders, aid partners to coordinate development

By GORETHY KENNETH

THE Autonomous Bougainville Government and its development partners yesterday agreed to work together to address the challenges and opportunities for improved development coordination.
ABG President John Momis and acting Chief Secretary Chris Siriosi led a team to meet with Heads of Governments of Australia, New Zealand, Japan, World Bank, the United Nations and United States of America (AusAID, NZAID, JICA, World Bank, UN and USAID) to iron out and further strengthen the important issues pertaining to aid assistance on Bougainville.
The development forum comprising the donor partners and the ABG came up with recommendations which would set another benchmark for the region and its people and will be released today.
The development partners resolved that:

ABG priorities will drive development partner cooperation;
ABG will identify development partners comparative strengths in relation to ABG needs;
There will be two meetings every year prior to the Joint Supervisory Body meeting (JSB) and additional ones if necessary;
Coordination meetings will link with themed discussions;
Regular meetings will occur with the Chief Secretary;
They cooperate to provide consolidated information in a form that is useful to forward planning and monitoring progress against ABG priorities (and does not add additional overheads to ABG management);
ABG will identify gaps in development assistance and the highest priority needs within this;
ABG will use this information to develop ways of monitoring and evaluating the progress towards defined outcomes;
Their contributions will be identified in the National Government budget and ABG will draw on the is information, and;
Recognition of the coordinating role of the ABG Project Management Unit (PMU) as the coordination point for all infrastructure projects. President Momis said yesterday he was generally happy with the donor partners and their engagement on Bougainville, but said the Government was looking seriously at addressing the dependency syndrome, which the leaders were now trying to correct.


"Generally we are happy that we have policy that encourages development partners, we don’t want to control it but I think there should be better coordination," Momis said.
"Bougainville is now trying to develop a new culture by which people respect the Government…you know, we had a rebellion government any aid or anything that is against government might undermine the Government’s authority. We still don’t have the capacity, laws and structure, police, we don’t have the money and it is difficult for ABG to enforce so when we have uncoordinated aid it could create impression that these aid are coming in independently and outside of the ABG," he said.
"So there’s the dependency syndrome that we are trying to correct to fight dependency."
But he said he was happy with the donor partners despite revealing that the there could be more interaction from the Bougainville National MPs and their funds to help boost and go hand in hand with the development partners.

PNG Bougainville"s Me"ekamui re-states opposition to mining
by ramunickel
Radio New Zealand

The head of the Papua New Guinea's Bougainville separatist group, the Me'ekamui, says he is against a resumption of mining before a vote on independence.

The leadership in the autonomous PNG province has been promoting a return to mining as the filip its economy needs.

Don Wiseman has more:

"President John Momis says the re-opening of the huge Panguna mine would bring immediate economic benefits that could not be achieved so quickly in other sectors. He says this is vital to show the province is economically viable ahead of the vote on possible independence, which can occur from 2015 onwards. Philip Miriori, who is styled as the president of the Me'ekamui Government of Unity, says the Me'ekamui position is clear. They are not opposed to mining and are happy for the people to decide but this cannot happen until after independence is achieved. Mr Miriori says this would ensure royalties stay in the province. He has also reiterated a call for Rio Tinto to pay compensation to the landowners of ten billion kina, or about two and a half billion US dollars, for damage caused by the mine. And he says the Me'ekamui will not allow access to their areas for government reconciliation efforts. He says President Momis needs to leave the sore to be healed. "  

werden die uns allen sattsam bekannten Nichtigkeiten zur/ob/warum Wiedereröffnung vorgekaut?
 

........der tote Ona aus der Kiste geholt um BOC/RIO zu diskreditieren ;-)))))))

Was Bougainville leader Francis Ona assassinated by mercenaries?

http://pngexposed.wordpress.com/2014/05/29/...sinated-by-mercenaries/