Trading Bougainville Copper (ADRs) 867948

....es ist noch komplizierter wenn man das hier:

http://www.project-syndicate.org/print/...ns-by-chris-stringer/german

von Chris Stringer

(Chris Stringer is Research Leader in Human Origins at the Natural History Museum, London, Director of the Ancient Human Occupation of Britain project, and a Fellow of the Royal Society.)



Absatz 11 Zeile 2 - 3.

mit in Betracht zieht. Danach müßten wir eigentlich alles verstehen was uns so unverständlich  scheint und hin und wieder die Nerven blank legt. ;-))))  

ja, ein Hoch auf die Vielfalt!

Tragisch nur, das der Rohstoffmarkt nach erzkapitalistischen Prinzipien funktioniert und schon immer ziemlich rigide mit Anwohnern umgegangen ist. Das Eröffnen einer Mine zu blockieren und auf den Reichtum zu verzichten kann aber auch keine Lösung sein.

Mutig die Chance am Schopfe fassen könnte ein Weg sein?
Wer Unabhängigkeit will hat nur eine Chance: "Den Tiger reiten"  

Zugang erhält man nur auf Einladung

We are doing all what we can do to implement Dr. John Momis's dream to reality with whatever limited resources. experiences, knowledge & know-how we grassroots have. The professionals can do their negative criticisms. We will struggle together with our ABG dump members as the professionals claimed.

Ex-combatants fear K14m payout

EX-COMBATANTS from a mine-affected landowner group in South Bougainville fear the K14 million payment agreed upon by Bougainville Copper Limited could lead to trouble.
The mining company, which has been negotiating its return to the Panguna copper mine, met with landowners in Port Moresby last month to discuss royalties outstanding from 1990. The sum in 1990 was K1.9 million but with interest the sum has ballooned to K14 million.
This money will only be paid to landowners in the mine-affected areas.
Albert Magoi and Benedict Takussi, who represent ex-combatants and the lower-tailings area, told this newspaper: “The timing is not right. By custom we must hold the bel kol first and then negotiate on compensation.
“As of today, no peace has been accorded to Bougainvilleans by BCL in order to open negotiations in Bougainville. Please stop this nonsense as the process is not correct.”
Although the two will actually be beneficiaries of the payment, they fear if it is not done right it “might ignite another chain of events, another war.
“Much of this money is ours, but we don’t want to be greedy,” they added. “We support the peace process.
“This needs wider consultation. We need to discuss other people’s views outside the house, not only in the mine-affected areas.”
The ex-combatants pointed out that, although the Bougainville War began in Panguna, the rest of Bougainville also suffered terribly.
“We don’t want this K14 million to cause another conflict,” they said. “If only this specific group gets the money then others who suffered will not be happy. There was bloodshed over the mine operations and it was not only the landowners. Other Bougainvilleans were affected, from the atolls to Buin, and we want this to be taken into account.”
The two ex-combatants also questioned the composition of some of the newer landowner groups, pointing out there were six original groups and now there were nine.

http://hotcopper.com.au/threads/...166/?post_id=13526194#.U5_WihBAfcA

I thought that this would be of interest ... it seems that a lot is going on behind the scenes.
As I recall, the large Bel Kol ceremony is now due next month (July) ... fingers crossed that all goes well, both from the POV of investors and also the locals who so much need peace and security and improved economic conditions.  

http://www.tradingroom.com.au/apps/qt/...ode=BOC&time=latest#tabs

Today: 17-Jun-2014

Time(AEST) Price Volume Value Condition Codes
15:52:48 0.5000 194 97
15:52:14 0.5000 73 37
15:52:12 0.5000 158 79
15:45:21 0.5000 85 43
15:45:19 0.5000 110 55
15:44:21 0.5000 231 116
15:37:05 0.5000 194 97
15:36:32 0.5000 231 116
15:30:04 0.5000 195 98
15:29:07 0.5000 231 116
15:21:42 0.5000 194 97
15:21:07 0.5000 231 116
15:13:56 0.5000 195 98
15:13:24 0.5000 231 116
15:06:06 0.5000 194 97
15:05:36 0.5000 231 116
14:58:23 0.5000 195 98
14:57:26 0.5000 231 116
14:50:40 0.5000 194 97
14:49:44 0.5000 231 116
14:42:40 0.5000 195 98
14:41:43 0.5000 231 116
14:35:10 0.5000 194 97
14:34:17 0.5000 231 116
14:26:52 0.5000 195 98
14:26:19 0.5000 231 116
14:18:49 0.5000 194 97
14:18:14 0.5000 231 116
14:11:12 0.5000 195 98
14:10:36 0.5000 231 116
14:03:31 0.5000 195 98
14:02:57 0.5000 231 116
13:55:25 0.5000 194 97
13:54:54 0.5000 231 116
13:48:02 0.5000 195 98
13:47:11 0.5000 231 116
13:39:52 0.5000 194 97
13:39:20 0.5000 231 116
13:32:20 0.5000 195 98
13:31:20 0.5000 231 116
13:24:08 0.5000 194 97
13:23:32 0.5000 231 116
13:16:17 0.5000 195 98
13:15:46 0.5000 231 116
13:08:36 0.5000 194 97
13:07:44 0.5000 231 116
13:00:23 0.5000 195 98
12:59:53 0.5000 231 116
12:53:20 0.5050 194 98
12:52:25 0.5050 231 117
12:44:52 0.5050 195 98
12:44:17 0.5050 231 117
12:37:14 0.5050 194 98
12:36:40 0.5050 231 117
12:29:15 0.5050 195 98
12:28:42 0.5050 231 117
12:21:35 0.5050 194 98
12:21:03 0.5050 231 117
12:13:35 0.5050 195 98
12:13:05 0.5050 231 117
12:06:10 0.5050 194 98
12:05:37 0.5050 231 117
11:58:18 0.5050 195 98
11:57:24 0.5050 231 117
11:50:16 0.5050 195 98
11:49:43 0.5050 231 117
11:42:45 0.5050 194 98
11:41:50 0.5050 231 117
11:34:56 0.5050 195 98
11:34:00 0.5050 231 117
11:27:09 0.5050 194 98
11:26:16 0.5050 231 117
11:19:02 0.5050 195 98
11:18:31 0.5050 231 117
11:11:15 0.5050 194 98
11:10:22 0.5050 231 117
11:03:26 0.5050 195 98
11:02:33 0.5050 231 117
10:55:13 0.5050 194 98
10:54:42 0.5050 231 117
10:47:39 0.5050 195 98
10:47:04 0.5050 231 117
10:39:58 0.5050 203 103
10:39:22 0.5050 231 117
10:32:27 0.5050 231 117
10:31:34 0.5050 231 117
10:23:47 0.5050 231 117
09:59:57 0.5050 426 215
Next 100 trades >>

Die Erkenntnis, dass mittlerweile die grosse Mehrheit der Bevölkerung für pro Mining durchdringt wird immer mehr durchgesetzt! Die Beiträge von Momis bestätigen dies ausdrücklich. Die Wiedereröffnung ist absolut alternativlos denn die Erträge aus der Land-
wirtschaft reichen für einen nachhaltigen Aufschwung wirklich nicht aus. Der Wert BCL's von aktuell AUD 200 Mio. für Panguna u. die 7 zusätzlichen Konzessionen sind wirklich lächerlich. Ebenso ist das Handelsvolumen sowohl in Australien wie auch in Deutschland unbegreiflich u. äusserst dubios. Ich erhoffe mir, dass mit Bel kol am 9.7. weitere News bekannt gegeben werden u. den Kurs langsam an unsere Ziele bringt.  

ganz gewaltig hier nichts geht , seit Monaten mal 2-3 Cent rauf und wieder runter
einfach nur ein langweiliges Papier.
Nun ja wohl dem der rechtzeitig ausgestiegen ist!! Nur meine Meinung!!  

15.06.2014
Source: EMTV


By: Fabian Hakalitz

As Bougainville commemorates nine years of autonomy, leaders of both the National and the Autonomous
Bougainville Governments have been urged to work together to achieve the independence dream. This is from former parliamentarian Sam Akoitai.
He said leaders must put aside differences and move Bougainville forward to its destiny.
Today is the Autonomous Bougainville Government’s ninth birthday, marking its birth since June 15 2005.  A day that reflect strengths and weaknesses.
Former parliamentarian Sam Akoitai took the opportunity to speak on Bougainvillea’s journey towards referendum in yesterday’s celebrations in Port Moresby.
Also present were ABG Administrative Services Minister Joel Banam and counterpart Public, State and Investments Minister Ben Micah.
While congratulating the National and Bougainville leaders for their effort, Akoitai said: “as 2015 is approaching, more work is still to be done, preparing Bougainvilleans for autonomy.
"All activities must be performed under the Bougainville Peace Agreement," says Akoitai; "With leaders from both governments, working together to fulfill its pillars."
The ABG Day celebration was commemorated with fun-filled entertainment.

17.06.201     Quelle : http://dev.postcourier.com.pg/kids-place/#.U6EzVnZ3lqo

Uma on the road to reconcile
BY ROMULUS MASIU

BOUGAINVILLE’S Me’ekamui front man Chris Uma has started his personal reconciliation with victims of the Bougainville Crisis.
In the first part of his many upcoming reconciliation ceremonies in Kieta district, Mr Uma, who was the Bougainville Revolutionary Army commander for Central region during the height of the Bougainville crisis, engaged in the traut (vomit) session, which is called dankinang in the Nasioi custom.
During the dankinang ritual, families or relatives of those people killed during the crisis by Uma or his men (under his command) will question Uma of his actions, why he killed their relatives, where their remains are questions they have in their hearts and minds.
In reply, Mr Uma will have to tell them the truth and if he was really involved or to clear his name that he did not take part in the killings but someone else did.
Last week at Todutodu village, the dankinang ritual was held between Mr Uma and six families of Kerei, North Nasioi Constituency of Central Bougainville. The six families includes the Blaise Dutaira family, Michael Naki family, Piaora family, Joseph Mimiro family, Chris Kauona family and Francis Tobana family. It was a moving ceremony where the family members of the deceased questioned Chris Uma and his associates on the killings. While two of the deceased were killed in sorcery-related killings during the height of the Bougainville Crisis, others were killed under suspicious circumstances; they were mostly blamed for spying and collaborating with the PNG government forces.
In the sorcery-related killing, two of the families found out that their loved ones were shot dead at point blank range at the former Bougainville Copper Limited’s Loloho wharf and dumped into the sea.
On the six killings, Mr Uma denied his involvement and maintained that he did not give orders for the killings.  Those under his command admitted to the families that they were the ones who killed their relatives and not Mr Uma.  

Regan to lecture on future of mining on Bougainville

by ramunickel

Bougainville Lecture

Victoria University of Wellington

Date: 23 June 2014 Time: 5.30 pm

Anthony-Regan-PNG-for-webMr Anthony Regan, from ANU College of Asia and the Pacific, has spent many years in Papua New Guinea and has been an adviser to Bougainville parties in the Bougainville peace process since 1994. He will be giving his public lecture on, Bougainville: resolving the divisive issues – the referendum and the future of mining.

Abstract: Although the Bougainville Peace Agreement of August 2001 has been remarkably successful so far, it also deferred decisions on the two most sensitive and divisive sets of issues – Bougainville's possible independence, and the future of large scale mining.  As the five year window within which an independence referendum must be held (mid 2015 to mid-2020) approaches, the two sets of issues are increasingly becoming linked.  This presentation will explore the issues and options facing the key stakeholders as they engage on both sets of issues.

This presentation is sponsored by the Australian High Commission, Wellington and Victoria University of Wellington. For catering purposes, RSVP to Genevieve Beirne by 22 June 2014.

...............has congratulated the people of Bougainville for reaching number nine anniversary as an Autonomous region.

http://bougainville.typepad.com/newdawn/2014/06/no-title-8.html

.....für alle die Lust haben eine Mobil Tel Aufladestation auf Boug. zu betreiben

Sonniges Klima wird garantiert,Meer, Strand u. Tauchgebiete sind gratis,das Essen vorwiegend BIO u. preisgünstig, einfach der Traumjob................;-))))


..................wanting to purchase and operate solar phone charging stations as shown in the images. These stations charge phones and provide lighting, which comes on automatically at night. For the entrepreneurs, these charging stations replace generators (which they use to charge phones for customers).  Generators which are costly to run, pollute the environment and damage phone batteries quicker.
Digicel has subsidised (quite heavily) the costs of the equipment including installation and have set a price of K1000 for the purchase of these solar phone charging stations.
Solar phone charging stations have been piloted and now a rollout is planned. The following locations listed below in AROB will have new Towers installed nearby to address the prevalent energy access issues in these off grid communities.
If you wish to become an entrepreneur or assist a family member become an entrepreneur, please email e
The following villages or locations (possibility of neighboring villages) earmarked for charging stations that are close to a new tower are:

   Taveromai, Arawa, Central Bouganville
   Tuinai, Arawa, Central Bouganville
   Lavoro, Bana, Central Bouganville
   Kotopan, Buka, North Bouganville,
   Gagan, Buka, North Bouganville
   Kohino, Buka, North Bouganville
   Petats Island, Buka, North Bouganville
   Romsis, Selau/Suir, North Bouganville
   Vaskuviri, Tinputz, North Bouganville
   Kuisiau, Wakunai, Central Bouganville
   Atamo, Arawa, Central Bouganville
   Kupei, Arawa, Central Bouganville
   Dinguna, Arawa, Central Bouganville
   Siromba, Arawa, Central Bouganville
   Detosi, Arawa, Central Bouganville
   Pokunamering, Arawa, Central Bouganville
   Damuna, Arawa, Central Bouganville
   Kaitu, Buin, South Bouganville
   Taguruai, Buin, South Bouganville
   Tadorima, Bana, South Bouganville
   Kunopopo, Kunua, North Bouganville
   Tugiogo No.1, Buin, South Bouganville
   Kogisagano, Buin, South Bouganville
   Purikori, Siwai, South Bouganville
   Moronei, Siwai, South Bouganville

Best Regards,  

...genügend Zeit dabei all diese Annehmlichkeiten  zu genießen,

1. Insel-Hauptsatz:  wir leben nicht um zu arbeiten
    sondern arbeiten/sind aktiv um ................

;-))))

 

.........ist auch Kunopopo eine Reise wert ;-)))))

...deutlich wie stark die Aussies daran interessiert sein müssen anstatt nur zu investieren in Form von Menschenleben vor Jahrzehnten und  in Form von money in den letzten Jahrzehnten auch mal zu generieren und so zu sagen endlich dem Fortschritt in eine bessere Zukunft, wie sie hier noch nie existierte, mal auf die Sprünge zu helfen. ;-)))))

 

http://pngexposed.wordpress.com/2014/06/22/...-doing-the-devils-work/

Quelle: http://bougainville.typepad.com/

Papua New Guinea PM Peter O’Neill visits Bougainville in January 2014 as countries seek reconciliation following civil war

The following is a transcript from the Commonwealth of Australia Foreign Affairs Senate Estimates: Canberra June 2014

SUMMARY
Under the Bougainville peace agreement, to which Australia was a witness, the signatory is the central government in Papua New Guinea and the established Autonomous Bougainville Government. They agreed to a referendum window of 2015 to 2020 for there to be a question or questions put to the people of Bougainville about the future status of that province. One of those questions has to address the issue of possible independence for Bougainville. The Bougainville authorities, the Autonomous Bougainville Government and the authorities in Port Moresby, the Papua New Guinea National Government led by Prime Minister O’Neill, have been in discussions with each other. Those discussions have waxed and waned. I think we have noticed recently, as we get closer to the opening of that referendum window, that there has been some new positive and very welcome, from our point of view, momentum behind those consultations.

Those consultations, obviously, involve a range of players both from Bougainville and the central government, including the three Bougainville representatives who sit in the National Parliament in Port Moresby. The leader from the Bougainville side is the leader of the Autonomous Bougainville Government, Mr Momis. There are in the Bougainville peace agreement references to a number of things that should happen as we approach the referendum window. I emphasise there is no certainty on dates within that quite wide five-year window.

The question of timing for a referendum is one under the agreement that needs to be settled between the National Government of Papua New Guinea and the Autonomous Bougainville Government. Similarly, the conditions and arrangements for that referendum have to be settled in that way.

Our aid program in Bougainville is increasing as well as part of our broader aid program to Papua New Guinea. Minister Bishop is determined, as we approach 2015-2020, to use the aid program further in support of creating the conditions for future stability in that province and future prosperity for the people of Bougainville



Senator RHIANNON: Thank you, Chair. In 2013, USAID issued its Bougainville stability desk study and issued warnings about instability with regard to Bougainville. In 2008, there was an AusAID report called Market chain development in peace building: Australia’s roads, wharves and agriculture projects in post-conflict Bougainville that also warned that re-opening the Panguna mine on Bougainville was a high risk operation that could generate significant instability. Does the department accept this view? What is the current position with regard to reopening the mine?

Ms Klugman: I will just get to the right notes. Your question mentioned agriculture and a few other things and stability, but your question was about the future of the Panguna mine. You should rest assured, Senator, that both sides of the debate on the future of Bougainville—that is, the sovereign government of Papua New Guinea as well as the autonomous province of Bougainville—are fully aware of the role that both land and other issues around the Panguna mine played in the troubles. They are very focused on the future of that mine.

The future of the Panguna mine is quite clearly a matter for the government of Papua New Guinea through its arrangements with the autonomous Bougainville government, the resource sector being one of the areas of autonomous power being drawn by the autonomous Bougainville government under the Bougainville peace agreements.

Senator RHIANNON: So do I take from that that the Australian government does not have a position if it should be re-opened or do you have a position if it would be beneficial to Bougainville and PNG if the mine re-opened?

Ms Klugman: That is a matter for PNG and Bougainville.

Senator RHIANNON: Is the department aware of allegations in the British Journal of Criminology, volume 52, issue No 4, page 705: ‘Testimony from senior Australian Government officials is presented which strongly suggests the Australian Government supported PNG defence force operations on Bougainville during 1989 to 1992 and to that end provided direct military assistance, including ADF officers who helped plan the counter insurgency campaign.’ Is the department aware of these allegations and has any follow-up occurred since that article was printed?

Ms Klugman: I am not aware of that article. I am happy to take that question on notice.

Senator RHIANNON: Thank you.

Senator Brandis: I am not aware that the department of foreign affairs regularly subscribes to the British Journal of Criminology.

Senator RHIANNON: Senator, you are aware that was my question. But as it involves Australian government officials who were named as being quite senior, I thought it may have come to their attention. I am happy for it to go on notice.

Senator Brandis: Who was the author of the article?

Senator RHIANNON: You will be able to find all that out. I have not got much time; so I would like to move on.

Senator Brandis: You just cannot come in here and without—

Senator RHIANNON: Last night you told me I could not ask questions. Now you are saying I cannot come in here.

Senator Brandis: If I may finish, please, without being interrupted. You cannot just come in here and quote from an article that nobody has ever heard of and which has no bearing upon the work of DFAT and when you are asked to identify the author, decline to do so. These are serious allegations made against Australian personnel in the area and you will not cite your source.

Senator RHIANNON: This is the opportunity to clear the air.

Senator Brandis: You are the person who has raised the scandalous allegation.

Senator RHIANNON: Surely that is what estimates is about.

Senator Brandis: You will not even identify your source.

Senator RHIANNON: I have identified the source and I gave it to you right down to the page number.

Senator Brandis: Who was the author of the article?

Senator RHIANNON: I am happy to put it on notice later, the whole article.

Senator Brandis: So you have made a scandalous allegation against members of the ADF.

Senator RHIANNON: No, I have not made a scandalous allegation. I have repeated something. So you are saying—

Senator Brandis: You won’t even tell us who was making the allegation.

Senator RHIANNON: That it is not a reputable source?

Senator Brandis: It may not be a reputable source. It may not be a reputable person.

Senator RHIANNON: Again it is your time-wasting exercises.

Senator Brandis: Until we know who was the author of the article, how can we make a judgment about its reputability?



Senator RHIANNON: A freedom of information request was lodged by the Corporate Responsibility Coalition in Britain. It appears that the Australian government, from the information that was released, joined with their British counterparts to lodge an amicus curiae brief in support of Rio Tinto after it was sued under the alien tort statute for human rights abuses on Bougainville. Given this helped to block victims of war crimes from obtaining a potential remedy in the US courts, can the department explain why the Australian government decided to oppose the legal action?



Senator Brandis: Again, this question is even more foolish because your question is based on an assertion. It appears—from whom?

Senator RHIANNON: No, it is from a freedom of information—

Senator Brandis: From?

Senator RHIANNON: The Corporate Responsibility Coalition in Britain put it in. It is there on notice.

Senator Brandis: So someone—

Senator RHIANNON: Again, it is an opportunity to clear the air. What is wrong with that?

Senator Brandis: So some lobby group in a foreign country of whom nobody has ever heard has put in a freedom of information request. On that extremely slender basis, you are making allegations against the Australian government. What is your source?

Senator RHIANNON: Ms Klugman, will you take that on notice, please?

Senator Brandis: No, we will not take that on notice.

Senator RHIANNON: You will not even take it on notice?

Senator Brandis: We will not even take it on notice. We will not dignify it with a response because it is absurd.

Senator RHIANNON: Thank you, Chair. It says it all, coming from the minister.

Senator FAWCETT: Can I just follow up on Bougainville since we are on that topic. Ms Klugman, I am assuming you are probably the one to ask. You are obviously aware of that peace agreement which led to the understanding that there could be a referendum on independence between 2015 at the earliest and 2020 at the latest.

Ms Klugman: That is correct.



Senator FAWCETT: Could you update the committee on where we believe that sentiment is at in terms of desire for it and particularly a couple of the requirements that are being discussed? One is weapons disposal, particularly from the BRA, and also requirements for better governance before we move down that path.



Ms Klugman: Yes, you are quite correct. Under the Bougainville peace agreement, to which Australia was a witness, the signatory is the central government in Papua New Guinea and the established Autonomous Bougainville Government. They agreed to a referendum window of 2015 to 2020 for there to be a question or questions put to the people of Bougainville about the future status of that province. One of those questions has to address the issue of possible independence for Bougainville. The Bougainville authorities, the Autonomous Bougainville Government and the authorities in Port Moresby, the Papua New Guinea National Government led by Prime Minister O’Neill, have been in discussions with each other. Those discussions have waxed and waned. I think we have noticed recently, as we get closer to the opening of that referendum window, that there has been some new positive and very welcome, from our point of view, momentum behind those consultations.

Those consultations, obviously, involve a range of players both from Bougainville and the central government, including the three Bougainville representatives who sit in the National Parliament in Port Moresby. The leader from the Bougainville side is the leader of the Autonomous Bougainville Government, Mr Momis. There are in the Bougainville peace agreement references to a number of things that should happen as we approach the referendum window. I emphasise there is no certainty on dates within that quite wide five-year window.

The question of timing for a referendum is one under the agreement that needs to be settled between the National Government of Papua New Guinea and the Autonomous Bougainville Government. Similarly, the conditions and arrangements for that referendum have to be settled in that way.

I referred to some new momentum. I think I had focused in particular on a visit that was made two months ago to Bougainville by Prime Minister O’Neill himself. That was the first visit by Prime Minister O’Neill to that province. Indeed it was the first time a Papua New Guinea Prime Minister had been to Bougainville for many years. There were some reconciliation ceremonies and events that preceded that visit, which are important in the context of the history of the conflict in that place.

For our part, Australia, as a neighbour, as a close friend of Papua New Guinea and, by the way, as a witness to that peace agreement, have been stepping up, through Ms Bishop our dialogue with the leadership in Papua New Guinea on those questions, the questions of referendum, the questions of Australian assistance with economic development activities in Bougainville as part of our broader aid program in Papua New Guinea.

I think we are in a phase, I would say, of stepped-up interaction and dialogue with the two principal players in this matter, which are the government of Papua New Guinea and the government of that autonomous province.



Senator FAWCETT: I guess my question goes to the issues that were the pre-enabling conditions, which were the governance and the weapons cell. Given the consequences for Australia of instability in Bougainville should things not go well, I am just interested: are we committing resources in terms of people or funding to assist with those two particular elements around increasing governance or monitoring or facilitating weapons control

Ms Klugman: Yes, we are doing both of those things. You mentioned two issues which are prominent in the agreement itself. In the letter of the agreement, they are not conditions for a referendum but they are very much pre-conditions for a referendum but they are important conditions for a successful and peaceful act of successful and peaceful referendum in that country.

There is still a lot of ordnance left over. You mentioned the weapons disposal but there is also a lot of UXO disposal which we have been involved in, in particular through the role of the Australian Defence Force in Operation Render Safe, which is an operation that goes beyond Papua New Guinea but there is a particular focus on Papua New Guinea. Its purpose is to clean up damaging ordnance left over from the Second World War.

Our aid program in Bougainville is increasing as well as part of our broader aid program to Papua New Guinea. Minister Bishop is determined, as we approach 2015-2020, to use the aid program further in support of creating the conditions for future stability in that province and future prosperity for the people of Bougainville

By bougnews  

Ausnehmend positiv diese AU Einschätzung incl. tatkräftiger Hilfe auf allen Ebenen.

"there has been some new positive and very welcome, from our point of view, momentum behind those consultations."

"I think we are in a phase, I would say, of stepped-up interaction and dialogue with the two principal players in this matter, which are the government of Papua New Guinea and the government of that autonomous province."

"Minister Bishop is determined, as we approach 2015-2020, to use the aid program further in support of creating the conditions for future stability in that province and future prosperity for the people of Bougainville"

http://ramumine.wordpress.com/2014/06/18/...f-mining-on-bougainville/

Bougainville Lecture

Victoria University of Wellington

Date: 23 June 2014 Time: 5.30 pm

Anthony-Regan-PNG-for-webMr Anthony Regan, from ANU College of Asia and the Pacific, has spent many years in Papua New Guinea and has been an adviser to Bougainville parties in the Bougainville peace process since 1994. He will be giving his public lecture on, Bougainville: resolving the divisive issues – the referendum and the future of mining.

Abstract: Although the Bougainville Peace Agreement of August 2001 has been remarkably successful so far, it also deferred decisions on the two most sensitive and divisive sets of issues – Bougainville’s possible independence, and the future of large scale mining.  As the five year window within which an independence referendum must be held (mid 2015 to mid-2020) approaches, the two sets of issues are increasingly becoming linked.  This presentation will explore the issues and options facing the key stakeholders as they engage on both sets of issues.

This presentation is sponsored by the Australian High Commission, Wellington and Victoria University of Wellington. For catering purposes, RSVP to Genevieve Beirne by 22 June 2014.

http://copperinvestingnews.com/...m=0_f83d87db0f-5351484e38-240700777

Monday June 23, 2014, 4:45am PDT

By Vivien Diniz+ - Exclusive to Copper Investing News

LME Copper Stockpiles Down, Deficit on the HorizonThe copper market may be looking at a surplus this year and next, but with a lack of new supply coming online, the market is headed to deficit territory. And, according to Jim Lennon, a consultant for Macquarie Securities, Chinese demand is the key to it all.

“China has accounted for over 100 percent of demand grown [for copper] over the past decade,” Lennon told Copper Investing News, adding, “up until 2010, Chinese copper demand averaged 17 percent per annum.” And while that number might have come down slightly, demand for copper from China is still a driving force behind the market.

“Even if copper demand in China grows by 4 percent on a base of 9 million tonnes, that’s 360,000 to 400,000 tonnes per year,” Lennon explained.

What about the LME?

At a glance there may not seem to be a problem with growing demand, especially for producers, as a scarcity of supply means higher prices. However, looking at the bigger picture, China has been busy scooping up as much currently available supply as it can, as is evidenced by its recent purchase of the Las Bambas project in Chile and of London Metal Exchange (LME) stockpiles.

The London Metal Exchange is one of the most transparent indicators of the copper market. Of late, investors may have noticed that stockpiles in LME warehouses have been on a steady decline.

As Stefan Ioannou, mining analyst at Haywood Securities, recently told Copper Investing News, “[e]arlier this year, we saw a lot of ‘horse trading’ as copper inventories appeared to be moving from the LME to Chinese warehouses.” In this case, it is important to recognize that with the shifting of the red metal from warehouse to warehouse, there was no actual consumption of copper.

Lennon noted that “the Chinese government is coming in and buying physical copper for their strategic stockpiles — in addition to Las Bambas, which was purchased by Chinese corporations.”

Lennon went on to state that the Chinese are reportedly looking to take delivery of 20,000 tonnes of refined copper per month in 2014 alone, which is bringing the market, along with other disruptions to supply, to a balanced position between supply and demand.

All that is to say that LME copper stockpiles are indeed getting lower. On June 20, they stood at 159,425 tonnes, which isn’t very much.

To give a little perspective, LME copper stockpiles were roughly 166,000 tonnes just a week and a half ago, which Ioannou explained “is actually less than three days’ consumption.”

Ioannou explained that the LME is down roughly 70 percent from last year. However, it is not the only exchange in a decline. It is merely the most transparent.

“Similarly, the Shanghai Metal Exchange, which was climbing earlier this year, is actually down about 56 percent over the last three months,” Ioannou said, pointing to the fact that this is due in large part to China’s tightening financial rules and skepticism spurred on from the country’s domestic bond failure in March.

Copper prices and new production

With stockpiles in major warehouses dwindling, and a surplus still conceivably in the cards for the next year or two, where does that leave copper prices?

Currently, around $6,730 per tonne or $3.05 per pound.

Depressed copper prices and weak investor sentiment aren’t driving new production. Development companies with larger deposits — which is what the market needs — need higher prices before they can move forward with their projects to fill the gap that is rapidly approaching.

As Ioannou explained, before we seen higher prices for the red metal, it is likely that the market needs to see the continued decline of inventories.

The red metal will gain some strength from economic data from China, and also from Europe, but it is his view that “copper prices will remain range bound between $3 and $3.25 per pound. For the next year and a half, pricing is probably is going to be relatively flat.”

Meanwhile, exploration and development of copper projects will continue, though until the pricing environment, global economy and investor sentiment truly improve, that development will likely be at a slower pace.

And with the lack of new supply, copper prices will be on the rise — the question is when, not if.

“[A]s the margins get squeezed, the copper price has to go up,” Ioannou said, adding, “we are already talking about a longer-term supply deficit, and this impact of lower copper prices would likely contribute to it even more.”

“These days, the median copper price is on the order of close to $1.50 a pound, and copper producers and higher-cost producers are producing at $2 to $2.50 a pound. If copper were to drop down to $2.75 or $2.50 a pound you are actually going to start knocking copper production off the map.”

And as we all know, copper production and use is integral to the global economy. So eventually things will pick up.

Referendum Statement
Anthony Kaybing
240614

A recent statement by the Autonomous Bougainville Government President Chief Dr John Momis on Bougainville’s readiness to hold its referendum to decide its political fate has come into question.
President Momis had stated earlier that Bougainville in its current state was not ready to hold its referendum due to insurmountable socio-political factors affecting the region at present.
Public outcry over the President’s blunt statement have questioned his intentions on the determination of Bougainville’s future to the extent of also questioning his loyalty to Bougainville.
But he explained the reason for his outburst that Bougainville has to meet a certain criteria to ascertain its future to attain higher autonomy or move toward total secession and gain independence from Papua New Guinea.
“This is a fact and we cannot continue to disregard this, it’s a reality and we must man up and face it and do something about it if we really do care about the future of Bougainville,” he said.
The Bougainville Peace Agreement exudes President Momis’ concern on holding the referendum at a time when Bougainville has not yet quite met the expectations of the BPA on good governance and total weapons disposal.
The President pointed out that Bougainville is yet to achieve fiscal self-reliance, weapons disposal and the lack of unity amongst Bougainvilleans are the prime cause of his concern on holding the referendum too early which may prove detrimental.
“We cannot hold the referendum right now because we have yet not met the criteria of the Bougainville Peace Agreement and might I remind you, the outcome of the referendum depends on the ratification by the National Government so we will definitely fail should we do so right now,” the President said.
“You cannot have a nation when you don’t support your government, you can’t have a nation when there is disunity and law and order problems and you simply cannot have nation with a minimal educated populace,” the President also explained.
“When I say this it does not mean that we will not have the referendum or that I am against it, we will certainly have it but at a time within the ten year Referendum period and at a more suitable time when the government is ready so we should not make haste,” he said.
Having explained this the President also said that the Autonomous Bougainville Government has been working tirelessly to ready Bougainville for the ensuing Referendum period which must and only be held anytime between 2015 and 2020.
This has been evident with the ABG legislating laws to strengthen its autonomy institutions to create a more conducive environment that is on par with international best practice on good governance.

Ends////  

Momis sagt..

“You cannot have a nation when you don’t support your government, you can’t have a nation when there is disunity and law and order problems and you simply cannot have nation with a minimal educated populace,” the President also explained.
“When I say this it does not mean that we will not have the referendum or that I am against it, we will certainly have it but at a time within the ten year Referendum period and at a more suitable time when the government is ready so we should not make haste,” he said.

Hoffentlich werden diese zwei Sätze auch bald von den Bougainviller verstanden,
die die Panguna-Wiedereröffnung schon jetzt um Jahrzehnte verschleppt haben!

Und aller hier in diesem Forum diskutierter Panguna-Optimismus drängt die Meinung dieser Panguna-Opportunisten in die Richtung, dass das jeweils verlangte Kuchenstück ruhig noch ein bisschen größer sein darf, "weil ja die Panguna-Wiedereröffnung eh kurz bevorsteht". Leute, das ist eine Bullshit-Strategie  

The financials state that there is $105m of investments, $13m cash = $118m liquid assets. There is $70m of tax assets (ill give this a 50% value = $35M). Although mine assets are considered $197m, ill leave this out for now as after 30 years it could be a cost to move the equipment and replace it rather than have a value. So that means recoverable assets of $153m. Less $3m owing to Rio Tinto = $150m. With public shares of 27.36% of the company and a mkt cap of $200m.