Trading Bougainville Copper (ADRs) 867948
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Ende der 90er gab der damalige PNG Präsident Chan ein Gutachten in Auftrag welche den BOC "Fair Value" mit +7$ bezifferte.
Was hat RIO bewogen dieses Angebot ebenso wie das von Pritzker (1992 / 3.5 USD) abzulehnen?
Fazit: RIO wird alle Muskeln spielen lassen um wieder zum Zug zu kommen, sind sie doch die Einzigen welche den wahren Wert der Resourcen am besten einschätzen können.
Das momentane Geplänkel um den Mining Act diente vor allem dazu PNG bei einer evtl. Uebernahme von BOC zuvorzukommen u. die Meekamuis mit ihren dahinterstehenden Abzocker-companys a la (Morumbi/Civelly/Semple) ruhig zu stellen.
Last week international experts and their Bougainville team conducted a workshop for the Autonomous Bougainville Government cabinet and senior Bougainville Public Services officers to brief them on the "long-term" and detailed draft act and regulations to give effect to the ABG"s previous decisions on the mining policy to give them a best-practice law.
In den diversen Workshops welche in allen Teilen der Insel abgehalten werden wird der Bevölkerung klargemacht welche Art Company vom knowhow überhaupt in Frage kommt.
Mit dem immer näher rückenden Termin zum Referendum über die Unabhängigkeit wird ein Handlungsdruck entstehen substanzielle Einahmen zu generieren. Nur ein "Reopen Panguna" wird das nötige Kleingeld zur Finanzierung der Independance liefern. Dazu führt kein Weg an BOC vorbei.
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Bougainville landowners find new champions – the World Bank and Adam Smith International
by ramunickel
Bougainville's new Mining Law is being orchestrated by ASI, a British organisation set up by an 'ultra right wing lobby group', and paid for by the World Bank.
ASI's lead architect for Bougainville's future has outstanding antecedents - including stints as 'Rio Tinto Senior Lecturer' and as a director of Battlefield Minerals, together with numerous contracts for the World Bank, IMF and International Finance Corporation.
With these characters in charge the people of Bougianville clearly have nothing to fear...
PNG Exposed
Over the past year the Autonomous Bougainville Government has slammed critics who have suggested its mining policy and laws were being drafted by outsiders, who serve the interests of the mining industry in general, and Rio Tinto in particular.
These critics have been silenced by recent revelations that the Autonomous Bougainville Government’s long term mining policy and mining legislation are being overseen by experts funded by the World Bank – you know the World Bank, that institution with a global reputation for putting the environment and people first, and miners a distant second.
And who is the cheery brigade of international experts being brought in now to set the course of Bougainville’s cheery future? The outfit goes by the name of Adam Smith International or ASI for short. The name couldn’t be clearer, these guys are on the side of the people!
ASI is the 'sister' organisation of Britain's Adam Smith Institute, a think-tank that has won hearts throughout the UK for its campaign opposing taxes on corporations, regulation of corporations, and ah any initiative being run by anything other than a corporation.
One of the institute's biggest fans is investigative journalist George Monbiot who describes the Institute as a 'ultra-rightwing lobby group'. And he claims 'Big business already contributes generously to this good cause. It gets what it pays for. The Institute’s purpose is to devise new means for corporations to grab the resources which belong to the public realm'.
ASI was set up by Adam Smith Institute staff to spread the love and goodwill to all nations of the world - for a price of course. Britain's The Sunday Telegraph reported in 2012 that ASI was 'paid £37 million by the Department for International Development to promote the free market in the Third World. Its total turnover that year was £53.6 million, with profits of £5 million'. Added to that ASI's Managing Director got a minuscule £1.3 million in 2010 (K5.3 million), and its Directors a tiny £125,000 (K500,000).
These truly are minor payments given the fantastic work ASI does. Look at the example of Tanzania. The Guardian reported in 2005 that the UK Department for International Development paid ASI more than £500,000 to provide advice to the Tanzanian government on privatising water. And was the money spent wisely? Absolutely, £250,000 was spent producing 'what was described as the world's first privatisation pop song', which included the famous line'our old industries are dry like crops and privatisation brings the rain'. Sing it loud!
Finally, Bougainville is destined for a great big bear-hug from this people loving and earth loving organisation.
ASI has a flawless - FLAWLESS - understanding of the internal dynamics on Bougainville just take a look at their factually accurate website:
‘The mineral sector on the island of Bougainville in Papua New Guinea has played an important role in defining the nation’s economy and history, despite a prolonged period of civil war between 1990 and 2000 [well technically 1988-1997, but whats a few years in the grand scheme of things]. After several years of civil conflict [or is it 10 years, ahhhh whats the difference right!], the region has now begun to develop, with the potential for the area to become a significant producer of copper, gold and other mineral deposits and raise substantial revenue [yes yes yes, it has worked such a treat for PNG what could go wrong]’.
After schooling its audience on the history of Bougainville, ASI announce they have a strategy to make minerals work for Bougainville. Phew, these guys aren’t amateurs!
‘The strategy included a number of recommendations to raise departmental capacity and performance to a world-class level [‘world class', oh well this is exciting stuff], with a view to sustainably managing a sensitive minerals sector environment, and ultimately resulting in Bougainville’s mining sector moving away from issues causing social unrest [ah, um, a brutal war which the sector was a sponsor of, but sure ‘social unrest’], to promote effective and sustainable development of the sector [brilliant!]’.
Leading these efforts to produce ‘world class’ legislation and policy on Bougainville is Professor James Otto – as President Momis points out, mining laws and policy is not the business of bush kanakas, we need educated white men. And Professor Otto certainly is educated!
James Otto
Otto has been a director for Battlefield Minerals (!) and Rio Tinto Senior Lecturer
Among Professor Otto’s many illustrious posts, none is more salubrious than his stint in 1991-1995 as the Rio Tinto Senior Lecturer at the Centre for Petroleum, Mineral Law and Policy. Yes that IS right – the post was actually called Rio Tinto Senior Lecturer. Since then he went on to become Non-executive Director of Battlefield Minerals, a disarmingly frank name for a mining company if ever there was one! In addition to that, Professor Otto has spent plenty of time doing work for organisations known to be the enemy of miners, and the friend of traditional landowners – examples include, World Bank, the IMF and the International Finance Corporation.
Finally, Bougainville has found its saviour, and the landowners have found a champion who will defend their interests against the likes of Rio Tinto who have decimated their land, and participated in the wholesale slaughter of the people. Happy happy days.
And were the people of Bougainville not happy enough, lets get schooled again by ASI on Bougainville’s history and bright mining-led future!
'The minerals sector in the Autonomous Bougainville Region (ABR) has played an important role in defining the nation’s economy and history to date [is this tongue-in-cheek for 'started a bloody war', British humour at its best]. After several years of civil conflict [again with the several], the region has now entered a development stage [phew, finally development after several thousand years of stagnation], with the potential for the country to become a significant producer of copper, gold and other mineral deposits [hoorah!]. In order for ABR to maximise the benefits from these resources, it must facilitate and manage large-scale investment, ensure a fair financial return to the nation, and promote and protect the well-being of the environment and its citizens, to enable pro-poor and pro-peace objectives [Flawless logic - take comfort Bougainville's 'poor'! Of course all this can be achieved by destroying, once again, the source of the peoples’ wealth and recreating an industry that sparked a 10 year war, oh whoops we mean ‘several years’ of ‘social unrest’]. Achievement of these objectives is being managed by the Government, which has embarked on a process of reforming how it manages the minerals sector. The two major components of this reform agenda to now be undertaken are institutional and legislative reform, which ASI has been invited to address'.
With such a flawless understanding of Bougainville’s history, ASI couldn’t be a better choice for steering its future!
ramunickel | September 8, 2014 at 4:43 pm | Tags: ABG, Adam Smith Institute, Adam Smith International, Bougainville, Human rights, James Otto, John Momis, Landholders, Mining Law, Panguna, Papua New Guinea, Rio Tinto | Categories: Human rights, Papua New Guinea | URL: http://wp.me/pMvf7-3Gv
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http://ramumine.wordpress.com/2014/09/08/...adam-smith-international/
Wie üblich, gehört auch die Betrachtung der Resourcen dazu. Ich bin mir inzwischen sicher: Nichts ist mehr unmöglich. Alles nur eine Frage des GELDES. Was z.B. sind schon 10 Mrd?
Jeder mal in sich gehen, wie sich das Verhältnis zur monetären Größenordnung über die letzten 10-15 Jahre verändert hat.
"Wer nicht mit der Zeit geht, geht." ;-)
What was once the scene of fighting during Bougainville’s 10-year long crisis, abandoned and covered with bush, will now soon be the site of the new Aropa airport.
This was made possible through funding received from the Special Intervention Fund (SIF) through a commitment made by Prime Minister Peter O’Neill in 2011 to the people of the Autonomous Region of Bougainville which saw the signing of an MOU on March 19 between the National Airports Corporation and the Autonomous Bougainville government under the leadership of Acting Chief Secretary Mr Chris Siriosi.
The Aropa project is comprised of three separate scopes of work with contracts being awarded to three different companies by the NAC Board with the pavement contract having been awarded by the Bougainville Supply’s and Tenders Board.
The project entered into its construction phase in the first week of September and is expected to be completed in November 2014.
The Aropa airport is located in Kieta, Central Bougainville and was once occupied and expanded by the Imperial Japanese in 1942, becoming the target of allied air bombing from mid-1943 to mid-1944. Soon after the World War 2 ended the airport become one of Bougainville’s main airports.
Both the National Government and the ABG have committed K35 million and K15 million respectively towards the Aropa airport project.
Preparations are now underway for the opening of the Aropa airport come December, with many enthusiasts seeing it as a timely Christmas gift for Bougainvilleans.
Copper to Shift into Deficit by 2016, 2017:
Stefan Ioannou
Monday September 8, 2014, 3:25pm PDT
By Teresa Matich+ - Exclusive to Copper Investing News
Share on print Print
By ANTHONY KAYBING
Bougainville will now advertise senior positions within its public service as part of its restructure under the new Bougainville Public Service (Administration and Management) Act 2014.
All departmental head appointments will be made by the Bougainville Senior Appointments Committee which consists of:
The President John Momis,
The Speaker Andrew Miriki;
Church’s representative Bishop Tim D Arthur;
Women’s Representative Mrs Hona Holan; and Bougainville Lawyer Mr Hubert Kikira. As for the purposes of appointing the Bougainville Electoral Commissioner the Bougainville Constitution requires that two National Government officers are added, these are Secretary of the Department for Personnel Management Mr John Kali and the PNG Electoral Commissioner Mr Andrew Trawen.
The Bougainville Senior Appointments Committee the Administration will shortly contract an executive recruitment firm to assist the committee process the departmental head appointments.
The firm will manage an open, transparent and merit-based recruitment process for the 14 departmental head positions, the two deputies in the Department of President and BEC and the urgent appointment of an Electoral Commissioner.
The timetable for the positions of Chief Secretary, Electoral Commissioner, Secretary of the Department of Administrative Services and Secretary of Treasury and Finance is:
In the week of Monday September 8, the start of two weeks of advertising for all positions.
Friday September 26, applications for these four positions will close.
Friday October 10, the shortlist will be set in consultation with Mr John Kali.
In the week of October 20, interviews will be conducted.
In the week of November 3, or earlier if the interviews and paperwork is completed, the Bougainville Senior Appointments Committee will meet to consider independent panel’s recommendations and to make the appointments.
The timetable for the remaining departmental head positions is:
Friday September 12, all positions descriptions for the remaining 11 departments and two Deputy Chief Secretary positions will be completed.
The week of Monday 15 September the start of two weeks of advertising for all positions.
Friday October 3 applications close.
During October the recruitment firm will carry out referee and qualification checks and prepare the short lists for all positions.
Interviews will take place in November and early December.
From time to time the Administration will make announcements on the progress of the recruitment process.
All enquiries about the recruitment process will be directed to the contracted recruitment firm.
This is important to ensure all applicants are treated fairly and evenly.
Updated 12 September 2014, 10:14 AEST
http://www.radioaustralia.net.au/international/...ort-dispute/1367453
Bougainville's Buka Airport is open once again after landowner groups demanding compensation forcibly closed it down.
Buka landowner endeavours to resolve Bougainville's airport dispute (Credit: ABC)
Landowners from nearby Leta village, led by the chairman Rungunahana Incorporated Land Group, Herman Tugen, stormed the airport earlier this week.
Two clans are claiming payments after the airport was extended onto customary land.
Natalie Tencic has been speaking to Raymond Hakena who leads the opposing clan, the one that didn't occupy the runway.
He plans to travel to Buka to resolve the dispute between the two groups.
Presenter: Natalie Tencic
Speaker: Raymond Hakena, Buka landowner and Nabuni clan chief
The 2015 Bougainville budget planning process will be driven by the strategic priorities of the Bougainville government and link to the expressed needs and aspirations of local communities.
Bougainville finance and treasurer said the framework has emerged from significant advances in district planning and the administration has been engaging with councils of elders, village assemblies and constituency members to identify local needs and determine local priorities.
“This bottom up approach is moderated by pioneering sector planning work has been recently completed a number of sectors, such as Health and Law and Justice; establishing minimum standards for delivery of services to communities,” Mr Punghau said.
Mr Punghau said for the first time Bougainville will have an integrated planning and budgeting process incorporating both top down Bougainville executive council derived budget priorities and extensive consultation with all relevant stakeholders, most particularly councils of elders and village assemblies in the districts.
This new approach was formulated during the last budget Autonomous Bougainville government budget forum held in Arawa last month.
The forum launched a new initiative to empower the people of Bougainville in the integrated budget and planning cycle and will evolve.
“This week the requests from the councils of elders and districts are being considered and prioritised in joint discussions here in Buka before the executive managers go back to their districts for further consultations,” Mr Punghau revealed.
Mr Punghau said the other aspect of the formulation of the budget is the submission to the National Government for funding under the constitutionally guaranteed grants. The ABG will be making its detailed submission to the National Government by the end of next week with a presentation to the budget steering committee to follow.
This year the government’s submission for the 2015 recurrent unconditional grant is seeking an increase of about K40 million so that all the costs of functions of government are covered.
The budget submission this year will detail the cost of services for all 14 departments, parliamentary services, the electoral commissioner, the Bougainville Police Service and the chief collector of taxes.
The successful implementation of the Bougainville integrated planning and budgeting framework will demonstrate two things, namely collaborative partnerships with key development partners including the National Government and the Bougainville MPs and the empowerment of the local communities to have a meaningful role in the future development of Bougainville.
John L Momis, President and Bougainville Executive Council chairman.
Patrick Nisira, Department of Police and Corrections Vice President.;
Rev. Joseph Nopei, Department of Justice and Minister for Justice.
Albert Punghau, Minister for Treasury and Finance.
Joel Banam, Minister for Administrative Services
Michael Oni Department of Mineral Resources and Energy Minister for Mineral Resources and Energy
Luke Karaston, Minister for Technical Services
Rose Pihei, Minister for Health
John Tabaniman, Minister for Education
David Sisito, Minister for Community Government
Melchior Dare, Minister for Community Development.
Nicholas Daku, Minister for Primary Industry.
Wilfred Komba, Minister for Commerce and Tourism
Newton Kauva, Minister for Lands, Physical Planning, Environment and Conservation
Und weiteres Momentum im Reopening Prozess freisetzen.
Radio transmission project nears completion
BCL websitesatellite-uplink-buka
A powerful satellite uplink has been installed in Buka, bringing Bougainville one step closer to greater radio access across the autonomous province.
The project, jointly funded by the Autonomous Bougainville Government and the Bougainville Copper Foundation, will for the first time bring an FM radio signal throughout Bougainville.
Currently FM broadcasts can be received only in Buka and at the very northern end of the Bougainville mainland.
Once the project is completed the vast majority of Bougainvilleans will have access to FM signal, though the mountainous topography may causes interference for some pockets of the region.
Station Manager of New Dawn FM, Aloysius Laukai, is excited about the potential to deliver information to people in remote areas of Bougainville.
“Technicians have just completed the satellite link in Buka and will move to Arawa and Buin for the connections to be made for these centres,” Mr Laukai said.
“Once they are ready we will make broadcasts to these areas.”
New Dawn FM will launch a new awareness program focused on activities around Panguna, to coincide with the increased coverage.
“We will start a program, the Panguna Report, a 30 minute magazine program on the future of Panguna.”
The project is expected to be completed by early 2015.
After the foundation of the Aropa Airport Terminal was constructed last week , alot of progress has been made in just one week. The walls of the terminal were the latest to be put up by the contractor this afternoon. According to the Redsea housing project supervisor on site, the roof of the terminal will be completed by end of this week and then they can concentrate on completing the interior of the terminal . The project is on schedule and will be completed by November ready to be opened by December 2014.
Und die Bougainville Flughafenblockade von vor ein paar Tagen macht deutlich, das diese Insel kein funktionierendes Rechtssystem hat.
Warum sollte bei diesen katastrophalen Rahmenbedingungen ein ausländisches Unternehmen erneut mehrere Milliarden Dollar investieren? Das Risiko, das wieder alles zerstört wird ist viel zu hoch.
Diese Insel hat noch einen langen Weg bis zur Unabhängigkeit vor sich!
Das wird noch eine ganze Generation lang dauern.
Bis dahin ist alles ungewiss und ein reines Zockerspiel.
Ist das nun ein gutes Zeichen? Ich *will* es mal als solches deuten!
:-)
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da vergeht dir wohl der "boc" in anderen thread`s zu pöbeln...
liebe grüße....
Unfortunately, the anti-mining lobby is getting all the press and their recent report of the ABG's engagement of a 'promoter' is going to cast a shadow over all of their (ABG's) announcements, genuine as they might be.
Anyway, we'll wait to see what the Australian Green's leader has to say in the Australian parliament next month. Heck, what has Christine Milne to do with Bougainville? She does enough damage to Australian society!!
Perf. seit Threadbeginn: -60,54%
rennst du irgend welchen gold nuggets hinterher
hast einige in das tiefe BOC loch mit reingezogen
gib es einfach mal zu das es bis jetzt griff ins klo war
vielleicht solltest du dir überlegen ob
es nicht besser ist sich um sein eigenes investment zu kümmern
als sich lustig über andere zu machen
in diesem sinne kopf hoch wird schon
(PS: bis 2080 +/-5 jahre hast ja zeit wird boc auch reanimiert?)
servus falke2
Wer hätte in dem Report ein anderes Resultat erwartet???
http://www.radionz.co.nz/international/programmes/...ining-resumption
Bougainville report details worries over mining resumption
Originally aired on Dateline Pacific, Wednesday 17 September 2014
Voices of Bougainville lays out the concerns of villagers from around the Panguna mine to any return to large scale mining.
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Download: Ogg | MP3
Audio duration: ( 7′ 2″ )
Transcript
A new report says the villagers living around the Panguna mine in Papua New Guinea's Bougainville want the Government to consider other options to mining.
The ABG has its hopes set on a resumption of mining, especially a re-opening of the huge Panguna mine, to kick start the economy ahead of the vote on possible independence due by 2020.
It has passed new legislation to give greater control of resources to local communities, but the NGO, Jubilee Australia, says mining is a long way from being viewed positively in Panguna communities.
In an extensive report, called Voices of Bougainville, the Australian based research and reform advocate says the people remain adamantly opposed to the Panguna mine opening any time soon.
Its chief executive, Brynnie Goodwill, says 17 years after fighting ended the people in villages in Panguna remain stressed and traumatised.
BRYNNIE GOODWILL: These issues still need addressing, certainly the issues prevailing since the war regarding the responsibility of Bougainville Copper Ltd, the PNG Government and Australia government in that war which has not been addressed.
DON WISEMAN: Now the government though, the Autonomous Bougainville Government, wants mining. It sees mining as the solution in terms of having an economy that's starting to become viable by the time it gets to the period where it's got to have its vote on possible independence. I don't think they anticipate mining itself happening, but it's the preliminary work getting underway and bringing money into the economy. But the people of Panguna say that's not on?
BG: Let me just say straight away, Jubilee has no opinion one way or the other. It's not really our business, it's the community's business to drive what is the appropriate form forward. I could understand why it would be easy for a government to think that this would be a quick solution or a good solution. I think that what has been loudly said by the Panguna communities is that other opportunities need to be explored that are alternatives to mining or potentially other ways of doing mining, smaller scale mining. All of these issues are concerns by people that have not been investigated, that the promises of large scale mining, certainly historically, have not been delivered. And I think there is grave concern too about what this might mean in terms of disruption of communities, what mining may look like in the 20-teens as opposed to the 1960s, 70s and 80s. It's a very different kind of operation than the kind of operation that happened before.
DW: It's presumably going to be a whole lot cleaner and a whole lot more transparent about just what is going on. We also know that the local people will benefit more. At least this is how the government sees it. But that's not going to satisfy the people.
BG: Not sure just about the cleaner etc., I think there's concern that there would be very little employment locally, I think that there's a feeling that it would be almost like a locked community, I think with other projects in PNG they come with security forces. I'm not saying that this is what's happening but I know these concerns have been raised. So I don't think there's enough knowledge and understanding about what actually this mining operation would involve. This is what has been picked up in the report. There is grave concern that it could only lead to more disruption for the community and more violence. So I think what the Pangunan communities are saying is that many more issues need to be addressed first and foremost and many more discussions have to be had so that there's not the feeling that is pervading that again the appropriate discussions have not been had about the real issues.
DW: Would they ever agree to mining do you think?
BG: Oh gosh (laughs), how long is a piece of string. Currently there is near unanimity among the Pangunans that they do not want mining in their region. And there's even been calls for ecotourism to show what mining looks like. That hole is 4km long, and 2km wide and half a km deep. I can't speak for the Pangunan community, that would be wrong. And I don't know, after issues of reconciliation, and some of the other calls that have been asked for in terms of accountability, whether there would be any shift, that's something that's way beyond my understanding and I wouldn't project an answer on that.
DW: We've known for a long time about the traumas experienced in the war and we know as well that significant efforts are being made to try and help people, but is enough being done in this area?
BG: I think that there's strong issues again of trauma that have to be addressed, there have been some aspects of reconciliation of Bougainvilleans among Bougainvilleans, Panguna has still been closed off, so those efforts have not reached people in Panguna and again it has not gone beyond Bougainvilleans. So it's not been a case where the company has stepped forward or either government of Australia or PNG according to the Pangunans who were on the ground, have deep understanding of what occurred during the war and what occurred has not been acknowledged publicly.
DW: The report, voices of Bougainville, it's very comprehensive, it must have taken quite a while to put together, and there are a lot of people involved it would seem.
BG: Yes, well we had researchers on the ground who walked lots and lots and lots of kilometres to reach the different villages and then there was a strong research team that was involved and after those interviews were translated from languages into English then the information was compiled in such a way. And there is a group of academics and experts internationally who have been working with Jubilee on the project.
DW: The implication there being that the government and the work it has been doing, it's been doing consultation, but their consultation has not been as thorough.
BG: Look I think consultation is a very important topic. I think the tricky thing about consultation what we found is that in this report 65 people were interviewed individually and one group insisted on staying together and it was done in a group of 17. From our research in Panguna, people are hesitant to speak out from our understanding about some of our information forums. One Bougainvillean commented to us that it seemed that there were certain questions that were asked and there wasn't a formula to depart from. So with all respect to consultation processes, and they are quite complex, this report was very locally driven in the sense that there wasn't an expectation, there wasn't a format imposed, there were questions that were asked, but there was an opportunity for people individually interviewed to weave and discuss and raise issues that they wanted to raise. I wasn't a part of the other consultations but I think there is suspicion, especially because there hasn't been this process of reconciliation, that if the Australian government were involved in the consultation process but has not yet essentially come clean in terms of what again locals have advised, that there is suspicion about their role completely and this whole process. So with that perception, it's awkward for people to speak up or to be able to drive their own outcomes in a process consultation.