Trading Bougainville Copper (ADRs) 867948

.....erstmal sein, daß in dem einem wie in dem  anderen Fall von Seiten Rio`s  ein grosses Interesse bestehen muß  (und das noch vor Abhalten des Referendums)  den share preis

auf ein höheres = realistischeres Level zu bringen. Wie auch immer. ;-)))  

http://www.rttnews.com/2371527/...options-in-bougainville-copper.aspx

Rio Tinto Decides To Review Options In Bougainville Copper

8/18/2014 12:16 AM ET
Mining giant Rio Tinto Plc. (RTPPF.PK,RIO.L,RIO: Quote,RTNTF.PK, RIO.AX) Monday said it has decided to review all options for its 53.83 percent stake in Bougainville Copper Limited or BCL.

For some time, BCL has been involved in discussions with the Government of Papua New Guinea, the Autonomous Bougainville Government and landowners about whether it would take part in a future potential return to mining at Panguna.

...

 

Das Interesse steigt, die Seitenlinie füllt sich ;-)))

ist doch immer so, wenn der Kurs mal steigt! ;-)
Nachfrage bei uns ist aber deutlich schwächer als in Sydney.
Die Masse traut sich wohl nicht so recht!  

heute ist in der tat nicht viel passiert. mal schauen, was
in sydney die nacht passiert.........  falsch kann man jedenfalls
nix machen. imo!  

rund 12 Mill in Feb. 2013
Bin noch auf der Suche nach aktuellen Zahlen...  

http://bcl.com.pg/wp-content/uploads/2013/09/...ings-bcl-16092013.pdf

Kann jedermann einsehen und downloaden....

Es heisst aber nicht, dass ein Aktionär alle Stück eintragen muß....
die genauen Regeln der Meldepflicht sind mir in Australien nicht bekannt...  

in einem halben Jahr bis sep 2013, da dürfte es mittlerweile knapp werden.
es bleibt spannend...  

3 JPMorgan Nominees Australia Limited Melbourne VIC  7,057,845
5 Citicorp Nominees Pty Limited Melbourne VIC 5,342,662
6 HSBC Custody Nominees (Australia) Limited 4,331,196

...................... if Rio walked away.

http://copperinvestingnews.com/...t-papua-new-guinea-copper-mine.html



The Wall Street Journal reported today that following the passing of new laws in Papua New Guinea"s Bougainville, Rio Tinto (NYSE:RIO) could be considering an exit from its copper mine in that part of the country.

As quoted in the publication:

   Under the legislation, Bougainville Copper—in which Papua New Guinea"s government holds a 19% interest—would lose its mining lease for Panguna. It would be exchanged for an exploration license. Rio Tinto would have to reapply for the lease. "Rio Tinto has decided now is an appropriate time to review all options for its 54% stake in Bougainville Copper," said the company, which is reviewing the implications of the mining bill. Private shareholders own 27% of Bougainville Copper. Some economists questioned the mine"s viability if Rio walked away.

Panguna trust fund board meeting held in Buka
Post-Courier
A ONE-day meeting for the trust fund board responsible for the coordination of discussions on issues concerning Panguna mining and its subsequent re-opening was held in Buka yesterday.
The board, which is being chaired by the former Madang MP and Bougainville affairs minister Sir Peter Barter, was established with blessings from the members of the Joint Panguna Negotiations Committee, which comprises representatives from the Autonomous Bougainville Government, Panguna mine landowners, Bougainville Copper Limited and the national Government.
This will be the board’s second meeting after the first one was held in Port Moresby in May this year.
According to the director of the office of Panguna Negotiation, Raymond Masono, the purpose of yesterday’s meeting was to deliberate on two agendas, including the approval of the trust deeds that will set the guidelines on how the trust funds will be managed and on the appointment of an accounting firm that will be responsible for managing the funds from the trust account.
Mr Masono said on the second agenda, two refutable accounting firms have already expressed their interest and the board will be deciding which of these firms will be responsible for the management of funds.
He also gave an update on the purpose for establishing this board, before adding that Sir Peter was appointed as the chairman because of his experience and that he was an independent person without having connections or affiliations with any of the above members of the joint Panguna negotiations committee. Mr Masono said the other reason for the appointment was that Sir Peter has a heart to help Bougainville before adding that the ABG greatly supports and has trust in Sir Peter to perform this chairmanship role.
Meanwhile, Sir Peter said upon his arrival in Buka yesterday that as the chairman of this trust board, his decisions will not be influenced by any parties from the negotiation committee.  

http://www.radioaustralia.net.au/international/...stake/1358288358246

Mining giant Rio Tinto has indicated it may not return to the troubled Panguna mine in Bougainville.
Rio Tinto reviewing Bougainville Copper stake (Credit: ABC)

In a statement Rio says now is an appropriate time to review its majority stake in its subsidiary Bougainville Copper Limited.

The move follows the adoption of a new draft mining law by the Autonomous Bougainville Government which strips Bougainville Copper of any mining rights.

It had operated the Panguna mine which was once one of the biggest in the world and also the spark that lit a decade-long civil war in the 1990s that left thousands dead.

Presenter: Karen Snowdon

Speaker: John Momis, President of the Autonomous Government of Bougainville;

Peter Taylor, Chairman of Bougainville Copper Limited

http://lfongroka.blogspot.com/

Bougainville's ambiguity: Desire for autonomy & the PNG challenge
by LEONARD FONG ROKA

THERE may be a war of words occurring around the transitional mining legislation passed through Bougainville's parliament last week, but the good news is that we now have our own law to deal with mining in the province.
Of course, mining has been a controversial issue on Bougainville since the 1960s. We all know it sparked a crisis that cost many Bougainvilleans their lives.
Observing the protests over the Autonomous Bougainville Government (ABG) creating this mining law, both sides seem to have good reason for argument: Bougainville has ambiguous problems within which Papua New Guinea is the catalyst.
In his 1997 doctoral thesis, Dr Jerry Semos stated plainly that “in 1964, an Australian mining company, Conzinc Riotinto of Australia (CRA) came to Bougainville, uninvited.”
This forceful entry was legalised by the cruel Bougainville Copper Agreement of 1967. It was a tragedy that culminated in the deaths of 15-20,000 innocent Bougainvilleans since 1988.
Because of the ten years of destruction and bloodshed, the world saw the need that politics should be streamlined to accommodate Bougainville, and so emerged the PNG-friendly Bougainville Peace Agreement of 2001.
Analysis of the Agreement would show that the Bougainvillean leadership of the time gave too much to PNG. The late leader Joseph Kabui had a notable weakness: of not hurting others and desiring to maintain positive relations with all.
The peace process did not value the suffering of the Solomon people of Bougainville.
In a 1990s article, Bougainville: A sad and silent tragedy in the South Pacific, Bougainville leader Martin Miriori wrote:
"On 16 September 1975, Papua New Guinea obtained independence from Australia. Bougainville's pleas for the people to be allowed to exercise their right to determine their own political future were ignored. Panguna became one of the largest opencast mines in the world, and the only source of finance for Papua New Guinea's independence. In essence, Australia gave Bougainville and her people as an independence gift to Papua New Guinea."
Bougainvilleans were an object given to PNG by Australia to exploit and finance PNG’s independence.
Raspal S Khosa, in his 1992 University of Adelaide thesis, The Secessionist Crisis 1964-1992: Melanesians, Missionaries and Mining, highlighted the Anglo-German Declaration of 1886 as dividing the Solomon Islands into two spheres of influence between Britain in the south and Germany to the north.
Then there was exploitation by foreign planters, two world wars and, from the 1960s, CRA threatening people's existence with the Panguna mine – hastily established to fund the development of PNG.
PNG knew that the chaotic experiences of the Bougainville people had disturbed their psyche and had attuned them to struggle for self-determination. But it did not respond appropriately.
This ensuing chaos led to the armed crisis that began in 1988 and which clearly PNG had no power to handle. Australia, in the cause of regional stability, backed PNG and tried to starve out the rebels – and the rest of the population – through a blockade.
With the support of small Pacific countries, especially the Solomon Islands and Vanuatu, and promotion of Bougainville’s cause overseas, a peace process began slowly developing.
As Anthony Regan’s 2010 book, Light Intervention: Lessons from Bougainville, put it, the conflict that was supposed to be an internal crisis internationalised and PNG lost control of Bougainville.
Peace prevailed on Bougainville not because of PNG (its police and army were forced out of Bougainville and it was Bougainvilleans who were fighting and killing each other) but because Bougainvilleans saw the need to end the conflict and work towards a lasting political settlement for their future.
But PNG took the upper hand in the peace negotiations and once again disrupted Bougainvilleans' right to self-determination which they had fought and died for. PNG was not willing to support Bougainvilleans and let them march freely into independence but enforced further burdens upon the troubled people of the island.
My personal experiences of leaders who participated in those peace negotiations with PNG and others in the late 1990s showed that PNG was always barking wildly at Bougainvilleans demanding us to do this and do that.
Anthony Regan’s 2010 work said:
"This strong sentiment was a factor in the PNG government negotiations with parties sometimes arguing for limited roles for not only the UN and the PMG [Peace Monitoring Group], but also foreign advisers to the Bougainville leaders. Such arguments were a source of tension, as the Bougainville leadership in generally supported expansive roles for the international intervention, and strongly opposed any suggestion of interference by [PNG government] in relation to sources of advice utilised by Bougainville."
PNG was not there to address the injustices faced by Bougainvilleans under PNG but to undermine us. It is known throughout Bougainville that PNG was not willing to sign the Bougainville Peace Agreement unless it was given a veto power over the outcomes of the prescribed referendum on independence.
The PNG criteria  forced on the leaders of Bougainville were that Bougainville must be weapons free, the economy must be self-sustaining and autonomy must be functional. Let me quote Regan again:
"The logic is that in the 10 to 15 years from the establishment of the ABG in 2005, the PNG government has the opportunity to work closely with the ABG to promote all forms of development in Bougainville in a way that could be expected to encourage Bougainvilleans to consider the possible merits of remaining a part of PNG when it comes time to vote in the referendum."
All PNG government activities on Bougainville, including the Peter O’Neill tour in January this year, have been part of this strategy to undermine the Bougainville people’s right to freedom.
And under this threat, the ABG is struggling to create laws like the mining bill to assert its functional capacities as a government that can carry Bougainville forward.
The ABG moving forward to a referendum for an independence that will be well based on a viable economy is a threat to a PNG that is wanting to undermine the authority of the Bougainville government and keep the province integrated within PNG.
This is the ambiguity of Bougainville today.

Walsh, chief executive of Rio Tinto

Rio Tinto is set to cut down further its portfolio of marginal projects after announcing a review of its options for the Panguna copper mine, shut for a quarter of a century after being embroiled in secessionist conflict in Papua New Guinea.

Panguna, on the Pacific island of Bougainville, was one of the richest copper mines in the world before it shut in 1989 amid a violent uprising on the island. Production was suspended in 1989 and all personnel withdrawn the following year. Since then the mine has barely been touched.

Rio’s chances of successfully reopening the mine fell this month when the autonomous government that now controls Bougainville stripped the mine’s operating company of its mining and exploration licences. An act by the autonomous region’s parliament in effect gives Bougainville Copper Limited, the mine’s operator, only an exploration licence and a right of first refusal over its renewed operation.

Rio, which controls Panguna through a 53.8 per cent stake in BCL, said on Monday the legislation made it an “appropriate time to review all options” for its holding. BCL had been in talks with the autonomous government, as well as with the government of Papua New Guinea and landowners on Bougainville, over a possible return to Panguna.

Reopening Panguna would be costly, according to Rio. Its annual report says a $5.2bn investment would be needed to reopen the mine with new infrastructure, according to a study completed by BCL last year.

Rio’s renewed presence on the island could also be controversial, after the civil war that erupted in 1989 lasted a decade and cost 20,000 lives, according to some estimates.

Panguna produced about 550,000 tonnes of copper concentrate in 1988, its last full year of operations. It is estimated to have remaining resources of at least 4.6m tonnes of copper and 16m ounces of gold, although the estimates rely on data gathered before the 1989 shutdown.

As it is, the mine is largely irrelevant to Rio’s strategy for its copper division, which is based on output from four large mines – in Mongolia, Chile, the US and Indonesia – as well as two projects that are inching towards board approval.

“The mine is largely irrelevant to Rio’s strategy for its copper division”

Under Sam Walsh, chief executive, and Jean-Sébastien Jacques, head of copper, Rio has been cutting out projects that executives think have little chance of advancing and are consuming management time.

A sale by Rio of its interest in Panguna would follow its decision this year to withdraw from Pebble, a copper project in Alaska that many observers think will be very difficult to develop amid environmental concerns.

Anglo American also withdrew from Pebble, underscoring how the world’s largest miners are trying to cut down bloated asset portfolios.

While Rio handed its Pebble stake to a group of local organisations, it is likely to try to seek a buyer for its BCL stake. BCL, which remains listed in Australia, has a market capitalisation of A$188m. Its shares rose 17.5 per cent on Monday. Rio was up 0.2 per cent in morning trading in London.
 

Rio Tinto prüft Ausstieg aus umstrittener Kupfermine von Bougainville Copper

http://www.wsj.de/nachrichten/...googlenews_wsjde&mg=reno64-wsjde




 

bin mal gespannt, ob sich hier so schnell ein Käufer findet und zu welchen Bedingungen.

Nachdem nun die Lizenzen weg sind, ist ein Vergleich mit den abgelehnten Kaufangeboten in der Vergangenheit nicht mehr angebracht.

Die Frage ist, ob es für einen Interessenten überhaupt sinnvoll ist, BCL zu kaufen.

Vorteil:
- Ein Käufer dürfte als erstes verhandeln
- vorhandene Explorationsdaten können genutzt werden

Nachteil:
- die Inselbewohner erwarten von BCL immer noch Kompensationen. Mit einer neuen Company wäre ein Neuanfang möglich ohne emotionale Vorurteile.

- finanzielles Risiko, falls man sich in Verhandlungen nicht einigen kann bleiben noch die Assets im Wert von 0,19 AUD pro Aktie übrig. Ob man für die Strasse und den Hafen noch was bekommt ist fraglich.

Die Vergangenheit hat ja gezeigt, dass es sich hier um ein sehr schwieriges Umfeld handelt mit unterschiedlichen Interessensgruppen und die Verhandlungen dürften extrem schwer werden.

Ab wann muss eigentlich den verbleibenden Aktionären auch ein Übernahmeangebot unterbreitet werden?


 

BCL wird nicht verkaufen, das ist Teil der Verhandlungsstrategie von BCL/Rio Tinto.

Man möchte damit für Verhandlungen über das endgültige Minengesetz noch etwas Gewicht auf die Waagschale werfen. Da Bougainville die Pangunamine mehr braucht als Rio Tinto.

 

....alles  andere ist doch im Moment Glaskugel oder genauer:  Bullsh..... ;-)))))))  

...... zeigt jetzt mal den Bouggys dass auch bei einer Weltklasseresource die Bewerber welche RioTinto in die Quere kommen wollen nicht einfach Schlange stehen. Das dürfte den Compensationshunger etwas dämpfen u. Raum für vernünftige Verhandlungen schaffen.

quatsch, wird verkauft für 0,19 aud ;-)

ich vermute, man wartet, bis ein offizielles ching-chong-angebot kommt - als weitere, nennen wir es "Information" für die bous....

ein möglicher Käufer kann fast nur aus der ecke kommen. die allerdings sind so heiß auf das ding, dass die auch ein oder zwei Cent mehr als 0,19 aud zahlen...  

Homepage: www.bougainville-copper.eu

Wichtige Pressemitteilung auf der Homepage: www.bougainville-copper.eu ¡¡¡
 

Welchen Zweck erfüllt diese PM der ESBC?  

"The ESBC claim amount to a total of USD 24 billion (PGK  58 billion)."

...........aber, so wird der ESBC komplett zur Lachnummer!!!

Da wäre "E.m.d.F.h" der bessere Weg, gerade in der aktuellen Situation.

ich habe mich hier seit einiger Zeit komplett zurückgehalten, mir das nur angesehen,
ein paar wenige private Board-Mails, schon etwas länger her,

@CCLSC ich grüße Dich (#18871),

hat jemand schon einmal darüber nachgedacht wie nahe PM (Presse-Mitt...) des ESBC-Präsi... an PN (Profil-Neur...) des Präsi... liegen,
sei es darum, ich möchte niemanden zu Nahe treten,
und wenn ich dann dafür hier rausfliege, auch gut,
ich möchte nur auf einen Punkt hinweisen,
warum sollte Rio (bei der Größe) eine seit 25 Jahren in den Bilanzen bis auf quasi null abgeschriebene Position heute verschenken,
ok., wenn Sie noch einigermaßen gutes Geld dafür kriegen, mag das passen,
aber ansonsten, die sind doch auch nicht blöd, lassen Sie die doch auch einfach liegen,
wer weiß denn, was in 10 Jahren ist,
ist doch, seit doch mal ehrlich, das gleiche Spiel, was wir hier alle spielen (außer den Tradern, denen ist Ihr Geschäft auch zugestanden),
Gruß joebo
 

...........Vanguard Precious Metals and Mining Fund

Die lassen sich auch von ESBC PMs nicht ins Boxhorn jagen. ;-)))))

https://personal.vanguard.com/us/...llHoldingsSort$SortOrder@69cad41b

http://www.vanguard.com/funds/reports/q532.pdf