Trading Bougainville Copper (ADRs) 867948

Alternative Benefit Sharing Modality for a Redeveloped Panguna Mine in Bougainville, PNG

https://www.csrm.uq.edu.au/events/smi-sem-raymond  

 

 

Aloysius Laukai 11. Dezember 07:30
111214 ABG  President NOT HAPPY WITH 2015 BUDGET
By Aloysius Laukai
ABG President, CHIEF DR. JOHN MOMIS is not happy with the National Government because it has not fulfilled its obligations to Bougainville in the 2015 Budget.
In a press release this week, DR. MOMIS said that whilst recognising and appreciating a significant increase in the unconditional operating grant, it is noted that the development budget contributions were at least K30 million less than was expected.
He said that other factors including the slow payment of taxes by the Internal Revenue Commission and the failure to increase the Restoration and Development Grant (RDG) will definitely impact on Bougainville’s development process in 2015.
He said that the Joint Supervisory Board meeting in July 2014 agreed that the National Government and the ABG go to mediation over the disputed calculation for the Restoration and Development Grant.

DR MOMIS said that Bougainville’s figures for the arrears of RDG and the annual RDG payment are a long way apart. However, at the JSB the National Government offered to pay K30 million of RDG arrears in the 2015 Budget. They have done this, but at the expense of cutting the K100 million Special Intervention Fund (SIF) grant from K100 million to K70 million.
He said that in February 2011 the then Prime Minister Sir Michael Somare and then Treasurer Peter O’Neill agreed with Bougainville to pay K500 million SIF over five years at K100 million per year but this promise has been broken in the 2015 Budget.

President Momis said that with the K30 million reduction in forecast funding the ABG will not be able to maintain the current project profile. Continue new phases of projects such as the Buka Ring Road, water and sanitation improvements in Arawa and Buka and the sealing of the Arawa to Kokopau Road and the Arawa to Buin Road.
President Momis also said that the ABG also urgently requires the National Government to pay the second K50 million instalment of the 2013 SIF grant. “Contracts have been signed and project started on the basis that the National Government would meet this 2014 Budget commitment.
He says that these projects are all agreed with the National Government. There are no surprises in the cash flow requirements which have been with National Planning for months.
 

“I have today sent a letter to the Prime Minister reminding him that Bougainvilleans are deeply concerned about the future of mining in Bougainville, and determined to control it themselves, through the ABG.

The letter is attached to this statement. DOWNLOAD Momis – O’Neil re MGU Visit – Nov 2014

Download Minutes of meeting Minining Bougainville Minutes Page 1 and 2

MOMIS TO O’NEILL: PANGUNA MINE DECISIONS A MATTER FOR BOUGAINVILLE

President Momis said today that he was deeply concerned that Prime Minister O’Neill wants the National Government to control future mining at Panguna.

On Thursday 9th October the Prime Minister held a three hour meeting with a team form the ‘Me’ekamui Government of Unity’ (‘MGU’). The meeting was arranged by the office of the Member for Central Bougainville, Hon. Jimmy Miringtoro.

The President said that the Autonomous Bougainville Government (ABG) has obtained minutes of matters discussed at that meeting, prepared by the ‘MGU’ team. The Minutes (attached to this statement) report the Prime Minister as saying:

‘Ok Tedi is your model to help you with mining in the future’; and

‘We have given the Western Province 20% ownership of Ok Tedi’; and

‘I will give 35% to Bougainville in any mining in the future’.

The President said:  “The Bougainville Peace Agreement (BPA) states clearly that the main goal of Bougainville’s autonomy is to ‘empower Bougainvilleans to solve their own problems, manage their own affairs and work to realize their aspirations’.

Because of our experience of mining, mining was in the first set of powers that the ABG requested to be transferred from the National Government. “I told him that the idea of the National Government operating mining at Panguna (or anywhere else in Bougainville) is completely unacceptable to Bougainville.

Any attempt by the National Government to control mining in Bougainville could cause Bougainvilleans to lose all faith in the BPA. Many would refuse to work with the National Government any more.

They would want immediate independence. It would be a recipe for undermining, perhaps even destroying, support for the BPA. “I met with the Prime Minister on Friday 3rd October (just six days before your meeting of 9th October) and again on Tuesday 18 November. Both meetings discussed the Prime Minister’s views about Bougainville.

Yet he made no mention in either meeting of the views he expressed to the MGU team on 9th October. “He must explain why he can express such dangerous proposals to the MGU, and refuse to discuss them with me.

Is he trying to divide the people of Bougainville?“If such views were expressed by the Prime Minister, they clearly have serious potential for undermining relationships between the ABG and the National Government.

“In the interests of maintaining a working relationship between your Government and mine, it is essential that the Prime Minister clarify his position on these issues.”

“I have today sent a letter to the Prime Minister reminding him that Bougainvilleans are deeply concerned about the future of mining in Bougainville, and determined to control it themselves, through the ABG. The letter is attached to this statement.

“This meeting was arranged by the office of Mr. Jimmy Miringtoro. The minutes indicate Mr. O’Neill wants the National Government to control mining at Panguna in the same way it manages Ok Tedi.

Other information available to me indicates that the Prime Minister also told the MGU group that the National Government proposes to purchase Rio Tinto’s shares in BCL to allow to control Panguna mining.  

das erklärt wohl einiges.  

Leider liegt ein großer Teil des Minengeländes im Hoheitsgebiet des ‘Me’ekamui Government of Unity’ das nur mit deren Genemigung betreten werden darf.
Wenn ich richtig verstanden habe dann hat sich der Boss der Meekamui gegen Mining ausgesprochen. Daraus folgt unweigerlich das ein neuer Konflikt vor der Türe lauert, falls Momis eine Mehrheit FÜR die Wiedereröffnung hin bekommt.
Schon klar das RIO unter solchen Bedingungen kein Geld investieren wird.
Ich vermute das nach den traurigen letzten drei Jahren noch Jahre nötig sein werden, falls es überhaupt je dazu kommt die Mine zu betreiben.  

... und wenn RT verkauft, dann doch wohl zu einem Preis der über den Angeboten aus der Vergangenheit liegt, in einer Zeit in der die Rohstoffe, gerade Kupfer, Gold usw., immer mehr in  den Focus derAnleger und Investoren rückt. ;-)))))  

Will any forum member confirm if Colonel Chris Human really taken over the presidential seat Today as we were passing through Arawa from Buin to siwai we stopped at the arawa local market . ONE of officials told me that Chris Human is a new mekAmui president.

zu 19409 - laut 19391 ist doch Chris Uma - Chris Human? jetzt neuer meekamui Präsi. Der gefällt mir "bauchmäßig" schon besser als Philip Miriori. Die Meekamui sind nicht unser Problem, die sind nur Mittel zum Zweck. Wurde Miriori wohlmöglich wegen der 9. Oktober -Aktion "abgesetzt"?

zu 19407 - wenn das stimmt, dass O'Neill die Mine selber mit BCL betreiben will, dann kann ich das voll und ganz verstehen, dass die Bougainviller nicht für eine Eröffnung mit BCL sind. Wäre doch total nachvollziehbar - man führt Krieg - erkämpft sich Autonomie und dann zapft der "Erzfeind" das Land wieder an - das geht nicht.  Aber irgendwie scheinen mir mit dem Artikel jetzt manche Dinge einfach schlüssiger...  Verfallender Kurs - massive Schweizer shorts - Rio überdenkt seine Position - Momis wird "gezwungen" ein "unerwartetes" Minengesetz ins Leben zu rufen - es wird an allen Ecken und Enden Zeit geschunden bis man sich versieht sind die 5Jahre von 2015 -2020 in denen über die Unabhängigkeit abgestimmt werden kann vorbei - ohne Geld keine Unabhängigkeit - da ist doch JEDE zeitvergeudende Aktion Wind auf die Mühlen von PNG. Je tiefer der Kurs von BCL, desto größer die Kluft zum Wert (Prizker /Chan -Angebote) desto schwieriger einen Käufer zu finden der bereit ist den Wert zu zahlen - und welcher Käufer will sich diesen Scheiß schon antun - da muss die Braut schon billig sein. Wie gesagt, für mich ist alles schlüssiger, das muss aber nicht heißen, dass ich richtig liege.

Warum überträgt denn PNG nicht sein Aktienpaket an ABG? Wo hakt's denn da? Was muss noch erfüllt werden, damit das endlich mal passieren kann? Können die den Übertrag auf ewig hinauszögern? Wo bleibt da der Druck der Aufpasser? Ups - was wollen eigentlich die Aufpasser?  

..........over mining act sections

http://ramumine.wordpress.com/2014/12/12/...over-mining-act-sections/

Patrick T Wundai | Post Courier

BOUGAINVILLE leaders are crying foul over what they described as “two controversial sections” that have been inserted into the final draft Bougainville Mining Act that is scheduled to be put on the floor of the House of Representatives in Buka this month.

Messrs Sam Kauona, Mathias Salas and Michael Aitai, in what is seen as a major reversal, said the addition of Sections 8 and 9 provide a mechanism for Bougainville Copper Limited (BCL) to get back exploration licences over the prospecting authorities that it once held but which were cancelled with the passage of the August 8 Transitional Mining Bill.

In a hard-hitting article which appeared on the other daily on Monday, Mr Salas, the former ABG Mines Minister in the Kabui Government, disagreed with the ABG President of caving “in to Rio/BCL pressure” and “all-out betrayal of the law making process and a betrayal of Bougainville”.

Contacted by the Post-Courier from Arawa along with Mr Kauona yesterday in relation to their paid advertisement taken on the alleged insertion of the sections, Mr Salas said;

   “Yes, we now have been informed that Rio/BCL sent many high level delegations to Buka to confront the ABG to register their displeasure with the Transitional Bill that was passed in August and to propose and provide the language for the drafters to insert into the Final Bill.

   “This is a scandalous interference in Bougainville affairs. The troubling thing is why didn’t the President just say no? I don’t understand how Rio/BCL have so much direct influence over the current leadership of the ABG and their policy making process”

   “From a practical point, what is being proposed is unworkable and Rio surely knows it. What it seems intent on doing is to get title over the minerals so that it can sell the package off and exit Bougainville.

Chief Aite, now in his 70s and the senior chief of Eivo Torau in which constituency the PAs covering Mainoki/Karato lie, said;

   “Our super history grants our two major clans, Hornbill and Eagle, birthright and ownership right over our resources; Section 23 of the Bougainville Constitution and section 12 of the Proposed Draft Final Mining Bill are politicians stating what we already know from birth. They will not be taken away from us by CRA/BCL.

   “I remind the greedy and those that covet our resources that in July 1965 as a young man I lead the Mainoki/Karato people to chase out CRA.

   “It is hard for us to understand why Sections 8 & 9 crept in; because we honestly believed the Transitional Bill released us from our Colonial past and returned our stolen rights. Women and men cried openly at Kopani last week when told of Sections 8 & 9 and what it now means for them.”

Mr Kauona, founding general of the BRA, chairman of BRORC (Bougainville Resource Owners Representative Committee), and unofficial leader of the political opposition at large on Bougainville, opposed to BCL being given its pre-war rights through a Mining Act, is firm in his opposition to Sections 8 and 9.

Interviewed by telephone in Tunaniya, Mr Kauona said there are a number of reasons why this should not be enacted as it stands.

   “One, it violates Section 12 of the Transitional Act itself which states that all minerals existing on, in or below the surface of any customary land in the Autonomous Region of Bougainville are the property of the owners of the customary land.

   “This is in accordance with section 23 of the Bougainville Constitution.

   “But with the inclusion of Section 8 and 9 it says that they don’t belong to the customary landowners if friends of the BEC ask for them, in which case the BEC headed by Momis has the right to expropriate them and arrange for them to be to be passed on to his friends,” the BRA hard man stressed.

The famous REBOINE, AROPA Airport in Central Bougainville officially opened for Business today by Prime Minister, PETER O’NEIL and ABG President, Chief DR. JOHN MOMIS amidst capacity crowd of what was estimated to be more than TEN THOUSAND people from South, Central and North Bougainville.
The airport was closed at the height of the crisis in 1990 and remained closed although the Peace Monitoring Group and several light aircrafts continued to land especially for Bank runs to Central Bougainville.
The opening was added extra flavour when three Airline Companies also flew in on the re-opening day.
The Once International Airport had the Airline PNG landing first then the Air Niugini’s Q 400 which was officially named KIETA to commemorate this special service into mainland Bougainville.
A plaque displaying this name KIETA was also unveiled by the Prime Minister PETER O’NEIL and ABG President DR. JOHN MOMIS this afternoon.
The Q400 carried the Prime Minister’s Official party whilst the Airline PNG carried Aropa Airport landowners who went to Port Moresby to complete the MOU on the future of the airport with the National Airport Corporation.
The other plane that landed today was the TRAVELAIR or the famous MANGI LO PLES which had the owner, MR. EREMAS WATOTO and several media team on it.
The opening ceremony was incident free although security was tight to make sure the opening went without any disturbance.
Speakers at the ceremony included the Minister for Communications, JIMMY MIRINGTORO, ABG President Chief DR. JOHN MOMIS and the Prime Minister PETER O’NEIL.
Ends

Update zu meinem Posting #15414 und #15423

Der Vanguard Precious Metals and Mining Fund (Fund Advisor: M&G Investment Management Limited) hielt viele Jahre lang 2 Mio. BOC-Aktien. Zum 31.01.2014 hatte der Fund diese Aktien noch im Bestand.

Zum 31.07.2014 waren es dann nur noch 1.112.091 BOC-Aktien. Zum 30.09.2014 hielt der Fund dann leider nur noch 856.137 Aktien. Es wurden also zwischen dem 31.01.2014 und dem 30.09.2014 in Summe 1.143.863 BOC-Aktien veräußert.

Ob der Fund nun auch noch die restlichen Aktien veräußern wird oder bereits veräußert hat, werden wir erst in 2015 erfahren, wenn das neue Funds Reporting erscheint.  

http://ramumine.wordpress.com/2014/12/13/...anguna-promises-stay-out/

The National aka The Loggers Times

The Autonomous Bougainville Government (ABG) has warned the O’Neill Government against controlling mining on Bougainville. President John Momis said the idea of the National Government anywhere else in Bougainville was “completely unacceptable”. Momis said in a letter to the Prime Minister Peter O’Neill that Bougainvilleans were determined to control their mining interests through the ABG.

   “Any attempt by the National Government to control mining in Bougainville could cause Bougainvilleans to lose all faith in the Bougainville Peace Agreement (BPA) and many would refuse to work with the National Government anymore,” Momis said in a media statement yesterday.

   “They would want immediate independence. It would be a even destroying support for the BPA”

Momis revealed that O’Neill held a three-hour meeting with a team from the Me’ekamui Governement of Unity (MGU) on Oct 9. The meeting was arranged by the office of Central Bougainville MP Jimmy Miringtoro who is the Minister for Commuications and Information Technology in the O’Neill cabinet.

Momis said the ABG had obtained minutes of the meeting which reported the Prime Minister as saying:

   “OK Tedi is your model to help you with mining in the future.”

   “We have given the Western Province 20% ownership of OK Tedi, and, “I will give 35% to Bougainville in any mining in the future.”

He said the minutes indicated that O’Neill wanted the National Government to control mining at Panguna in the same way it controlled OK Tedi. Momis said during his meeting with the PM in October and November, O’Neill made no mention of the veiws he expressed to the MGU team.

   “He (O’Neill) must explain why he can express such dangerous proposals to the MGU, and refuse to discuss with me,” Momis said. “Is he trying to divide the people of Bougainville? If such views were expressed by the prime minister, they clearly have serious potential for undermining relationships between the ABG and the National Government.”

   “In the interests of maintaining a working relationship between your government and mine, it is essential that the prime minister clarify his position on these issues.”

   “The Bougainville Peace Agreement (BPA) states that the main goal of Bougainville’s autonomy is to ‘empower Bougainvilleans to solve thier own problems, manage thier own affairs and work to realise thier aspirations.”

   “Because of our experience of mining,mining was in the first set of powers that the ABG requested to be transferred from the National Government.”

https://www.youtube.com/...?feature=player_embedded&v=HuKaq2eMqK0

http://www.radionz.co.nz/international/...ded-in-bishop%27s-png-visit



Updated at 11:04 am today

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Australia's Foreign Minister Julie Bishop is in Papua New Guinea this week and will make the first visit by an Australian Foreign Minister to Bougainville in 14 years.

Ms Bishop will meet political and community leaders in the autonomous PNG region to discuss the implementation of the Bougainville Peace Agreement.

She will also visit Australia-funded aid projects in Buka and Arawa.

Her visit to mainland PNG includes discussions on defence and police co-operation, the regional asylum-seeker resettlement programme and help for PNG's hosting of APEC in 2018.

The Minister will also look at family and sexual violence in the Highlands region.

http://hotcopper.com.au/threads/...070/?post_id=14465220#.VI9IYmPCav9

What must be realised by all concerned is that the concept of sovereign risk means that in the future Panguna mine will NOT be given the go-ahead. This mine will not be developed in our lifetimes if theft of prior legal entitlements proceeds …… none of the other big companies or banks will touch it because of the risk of loss of shareholders’ money.

I would like to draw your attention to developments happening right now and over the last few weeks. I think that “the boil is about to be lanced” in that 4 of our Govt Ministers are on the scene. Julie Bishop is promoting (and it has been some time in the making) that PNG create a sovereign wealth fund, and lately PM O’Neill is talking about taking ownership, OK Tedi today, but also recent comments regarding Panguna.

If the PNG wealth fund was to purchase Rio’s shares in BCL then in normal circumstances they would offer the same price to all other shareholders prior to compulsory acquisition at the end of the process.
A takeout by PNG Govt in their sovereign wealth fund solves the big issue of Sovereign Risk, and then they can get on with solving their local problems at their leisure … and the rest of us can take our money elsewhere, hopefully without loss.

I have noted the negativity of “dubspec” in particular on this forum over the last few months who is vigorously down-ramping at every opportunity although he states he does not hold any shares … and perhaps there is some basis for negative views of late … but I have to say that I am suspicious of dubspec’s motives … I think he just wants your shares on the cheap …. It is still probable in my opinion that BCL will be OK and at a much higher price.
What we have at present is the result of blatant computer trading and down-ramping .... my opinion.  

http://dev.postcourier.com.pg/kids-place/#.VI966GPCbcA

Autonomous Bougainville Government President John Momis says trust must be built among leaders in Bougainville and the national Government.
His call also echoes those of Prime Minister Peter O’Neill, who said his government will concentrate on delivering services to the people of Bougainville and leave politics and other issues to the ABG and local leaders.
Mr Momis’ call comes after media reports that he was not happy with efforts by the Government trying to play a part in decisions regarding the possible reopening of the Panguna mine in Central Bougainville.
At the airport’s reopening on Friday, all these were put aside as more than 3000 people came from great distances in the central and other parts of the province to witness the reopening of the airport.
Mr Momis acknowledged the national Government for its commitment to give this significant service to the people of Bougainville after 23 years. However, he stated that ABG and PNG government leaders must build trust among themselves for the good of the people of Bougainville.
He said he believes if there is no trust among these two governments there will be distrust among the people.
He wants good collaboration among the leaders also so that development can be brought to the people.
He called for everyone to work in the perimeters of Bougainville Peace Agreement.
“We must stick with the Bougainville Peace Agreement for that binds us together.”

https://m.soundcloud.com/abgcommunications/momis-addresses-panguna  

http://ramumine.wordpress.com/2014/12/16/...ation-fails-bougainville/

One step forward two steps back – Foreign mining legislation fails Bougainville

The Autonomous Government of Bougainville has released the draft Bougainville Mining Act which replaces the Transitional Mining Act. The legislation was drafted by Adam Smith International a British company that has lobbied for big business interests across the globe. It encourages governments in countries such as Nigeria, Bangladesh and Tanzania, to sell off their land and resources – now they come to Bougainville, paid for by the World Bank!

For more on this shadowy agent of foreign power, see here: http://powerbase.info/index.php/Adam_Smith_Institute

The Adam Smith team was led by Professor James Otto, who has worked in the mining industry, and served as the Rio Tinto Senior Lecturer at the Centre for Petroleum, Mineral Law and Policy.

In other words this is a mining legislation drafted by friends of the mining industry for the mining industry. Instead of having a blank piece of paper, then getting Bougainville’s finest legal minds to move from village to village, so an organic law could be written by the people for the people, President Momis has allowed the legislation to be drafted by a foreign corporation based in London (the dual home of Rio Tinto), that seeks to make Western nations rich at the expense of small, resource rich countries. Would Australia or Britain allow a Bougainvillean to write its laws? Not in a million years.

In its current form, the legislation does two things, 1) it ensures that the interests of the mining industry take priority over the interests of landowning communities; and 2) it creates the appearance that landowners will have control over their resources – they will not.

The apparent step forward lies in section 108(3), which states, ‘no mining lease may be granted until landowner permission to approve the mining lease application has been obtained’.

Do not get excited just yet, the ‘devil’ lies in the detail of Part 4 of the legislation. Here we find out what approval means. Mining leases will NOT have to be approved by ALL landowners, or even the MAJORITY of landowners, the lease CAN in fact be approved by a SMALL MINORITY of landowner who have been selected and approved by the government – and we know how easily governments can be bought off by wealthy foreign corporations, especially when intoxicated by the pie charts and graphs presented by their foreign advisers doing the business of neo-colonial powers.

So, if we turn to section 34 of the Act, it states that consent to a project can be given on behalf of the entire landowning community by ‘the approved landowner organisation or organisations, if any, representing the owners of the customary land in respect of which the application has been made’.

And it is the Bougainville government who ultimately decides, who is, and who is not a ‘legitimate’ landowner organisation. Section 35 declares, ‘the Bougainville Executive Council may from time to time approve one or more organisations to represent all or some of the owners of customary land’.

The legislation even empowers the ABG to set up on its own initiative landowner associations to represent landowning communities. Section 36 states, ‘the Bougainville Executive Council may approve a landowner organisation, for the purposes of this Act, under Section 35 on its own initiative’.

All of this comes straight out of the Rio Tinto playbook. For years it was Rio Tinto’s boys who led the Panguna Landowners Association during the 1980s. When Perpetua Serero and Francis Ona kicked them out in an election, Rio Tinto cried that neither Francis nor Perpetua were true representatives of the people, and demanded the old guard be installed, as they were the true customary leaders. The old guard were not customary leaders, they were Rio Tinto’s leaders.

What was once Rio Tinto policy is about to be Bougainville law – it will be the government and their corporate allies that decides who are the true representatives of the people. When it comes to approving mining leases, it will be these landowner associations approved of by the government, and set up to welcome in foreign miners, that speak on behalf of all landowners.

The legislation also entirely ignores community rights to independent information. To date Panguna landowners have only been briefed by ‘experts’ in receipt of substantial funding from Rio Tinto, and therefore cannot in any sensible way be deemed independent. Under the legislation there is no right to independent information from experts unattached to the mining industry.

All of this falls below what is expected in international law and accepted as best practice in the extractive industries. The principle of free, prior, informed consent (or FPIC) is now enshrined in a range of international covenants, including the UN Declaration on the Rights of Indigenous People.

Recently Oxfam provided a community toolkit that sets out the requirements of FPIC. They include:

   ‘You must have access to independent information, not just information from the project developers or your government’. To date, no independent information has been given to landowners in Panguna.
   ‘You must also have access to experts on law and technical issues, if requested, to help make your decision’. The communities have not been given access to independent experts who can aid them. The only experts who the communities have been permitted to speak with are Australian advisers who are financially linked either to Rio Tinto or the Australian government.
   ‘Consent requires that the people involved in the project allow indigenous communities to say “Yes” or “No” to the project and at each stage of the project, according to the decision-making process of your choice’. The Panguna community will not be allowed to say yes or no, instead the government will empower an unrepresentative minority, who did the original deal with Rio Tinto back in the 1970s, to once again sign away the land on behalf of people they have no mandate over.
   ‘It is important that all members of your community are involved in negotiating benefits and not just a few leaders or “elites” who may be interested in maximising their own personal benefits at the expense of the whole community’.  We know who the elites are, and how they have reorganised to again sell off the people’s resources.

No attempt will be made to measure popular opinion, instead like Indonesia did in West Papua with the act of no choice, a few so called ‘chiefs’ will sign a declaration on behalf of tens of thousands of people, signing away their heritage, environment, and culture, so foreign companies can make billions at the expense of Bougainville generations present and future.

Under s253 of the Act all of Rio Tinto’s rights will be carried over and preserved from the transitional arrangements.

And just in case we thought the environment was a major concern for Adam Smith International, the legislation informs us Bougainville’s environmental future will continue to be governed by Papua New Guinea. Under section 108(4) the legislation states: ‘A mining lease must not be granted until all approvals and permits required under the PNG Environment Act 2000 for the proposed activities have been approved and issued’.

Just like the Transitional legislation, this new mining law will be passed in a hurry. There will not be time or resources for landowners to independently seek advice from legal experts – that could take months, and we know foreign interests want the Panguna mine approval to be facilitated before the next elections.

Don’t be surprised if you wake up on News Years day, having had a lovely Christmas break, only to find out a new law, written by a foreign corporation, has been passed by the ABG.

Under s253 of the Act all of Rio Tinto’s rights will be carried over and preserved from the transitional arrangements.

Alle Rechte Rio Tinto`s (die 7 Lizenzen ) werden an BOC übertragen.

Die wohl beste Nachricht seit langem ;-))

.... wird  zunehmen ;-))))   das heißt: die Chancen werden erkannt, das kalkulierbare Risiko fällt, das Interesse steigt.;-)))  

I and my people of the Autonomous Region of Bougainville have agreed, supported and endorsed the ABG Mining Acts and the Mining Policy whole heartedly as for the start. This is the best of its kind in the world.

LD? Kann ich mir nicht vorstellen...  

.....Text wie schon 2013 gehabt:

 ...... die Gesellschaft hat unter Berufung auf ausländische Rechtsordnung .... Offenlegung der Namen und Anschriften ihrer Aktionäre verlangt......

......haben wir dem Auskunftsersuchen stattgegeben........;-))