Trading Bougainville Copper (ADRs) 867948

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

200315O’NEILL ASSURES BOUGAINVILLE
BY JENNIFER NKUI

The Prime Minister for Papua New Guinea Peter O’Neill has assured the Autonomous Bougainville Government, its president and the people of Bougainville of its commitment.
When giving his speech during the Joint Supervisory Body meeting in Arawa last week, the prime minister he assured chief Dr. John Momis that the issues he mentioned such as the transfer of powers will be addressed in the next JSB meeting.
On the second issue of funding, he again assured the president that the national government will honour all its commitments it has made, either as part of the Bougainville Peace agreement or during the meetings they have held since.
And that according to Mr. O’Neill includes the Special Intervention Funds and of course in addition to the ongoing recurrent expenditures, the national government has provided funds for the DSIP and the PSIP.
He went on further and assured the people of Bougainville that his government will also extend the LLG SIP to the council of elders saying it is important that Bougainville receives this funding.
The prime minister in his speech also made mention the sealing of the Arawa to Buin road which according to him has been awarded the funds already and they are now in the process of choosing the best contractor for the job.

 

MAR
24
2015
Bougainville Mining News: Ex-combatants in Bougainville support controversial Bougainville Mining Act.
“The government has done everything to thoroughly explain to the people the new Bill and how it will greatly regulate the extractive industry on Bougainville.We cannot continue to undermine the government for it is the very thing that we fought and died for, doing so only renders the purpose of our struggle moot,  .We are all behind the government and will not resort to creating instability within the region.

Spokesman for the ex-combatants, Cornelius Solomon

Ex-combatants in Bougainville have rallied behind the Autonomous Bougainville Government to support the passing of the controversial permanent Bougainville Mining Act.

Written and Supplied by Anthony Kaybing

The ex-combatants met with the ABG and its officials this afternoon (Tuesday) to express their support of the bill and assured ABG President Grand Chief Dr John Momis of their intent.

The permanent Bougainville Mining Bill is the brainchild of the Momis led ABG in its efforts to curb mineral resource problems that led to the bloody ten year civil conflict on the island.

The Bill if passed will give landowners a pronounced say on how mineral extraction is carried out on their lands and also controls the type of would be developers interested in mining on Bougainville.

The Bougainville Mining Department as well as the Bougainville Justice Department have been carrying out widespread awareness on the issue throughout Bougainville to explain the intricacies of the Bill to Bougainville communities.

Despite being hailed as a successful attempt by the government to protect Bougainville’s interests there have been certain elements who continue to argue that the bill is a sham and designed to sell Bougainville.

Foremost amongst its critics is former Bougainville Revolutionary Army strongman Sam Kauona who claims that the Bill lacks certain details that safe guard Bougainville from being exploited again.

But a different sentiment was echoed by Mr Kauona’s former comrades who claimed ownership of the government and in this light respected the ABG’s intent on passing the Bill.

Spokesman for the ex-combatants, Cornelius Solomon said the government has done everything to thoroughly explain to the people the new Bill and how it will greatly regulate the extractive industry on Bougainville.

“We cannot continue to undermine the government for it is the very thing that we fought and died for, doing so only renders the purpose of our struggle moot,” Mr Solomon said.

Mr Solomon said that the ex-combatants were all behind the government and would not resort to creating instability within the region.

President Momis and his government also expressed their gratitude to the ex-combatants for taking the initiative to recognize the ABG’s efforts to act in the best interest of the people of Bougainville.

The Bill will be tabled sometime this week in the Bougainville House of Representatives as the members prepare to sit for the final sitting of the ABG second house since coming into office in 2010 before if goes to the polls in May.

25/03/2015
Notice of Annual General Meeting/Proxy Form
6 pages
619.6KB




http://www.asx.com.au/asxpdf/20150325/pdf/42xj0nq1bn14rp.pdf



http://www.asx.com.au/asx/research/company.do#!/BOC  

Kann doch nicht sein, dass jetzt plötzlich alle roten Säulen verschwunden sind!?
Wurde der Kurs wirklich absichtlich in den Bereich gedrückt um jetzt wieder auf 1 € und weiter zu steigen?  

....dich noch darüber wunderst. ;-))) Passt doch genau zu dem was hier seit Wochen, was schreib ich, seit Monaten schon abgeht. Daß das jetzt nicht falsch rüberkommt, ich will mich  nicht beschweren, ganz im Gegenteil >>>>>>>>>>> weiter so !!!!!! ;-)  

ich glaub da müssen wir noch abwarten:

1. Verabschiedung Minengestz
2. Transfer of Powers
3. Bekanntgabe von Rio über das Ergebnis der Überprüfung der Optionen bzgl. BCL
4. Transfer der Aktien von PNG nach AGB

Einer dieser 4 Punkte lässt wohl die roten Balken verschwinden. Nur welcher?  

 

by Aloysius Laukai in Kubu.
The Controversial bougainville mining Bill has been passed by the ABG house.
The bill went through the 3rd reading to become a Bougainville law just after 1135 Bougainville Standard time.
This now completes all the negotiations and dissatisfactions by factions of the communities throughout bougainville.
The bill did not go un challenged but had to go through scrutiny by former combatants who demanded certain sections removed before they can allow the government to finally pass the bill.
At the time of the passing of the bill the house was full to capacity as people witnessed the passing of the bill.
more stories shortly

5 Min nach der VerÖffentlichung

So, jetzt würde ich gerne ein offizielles Statement von BOC und/oder von Rio Tinto lesen (evtl. Pressemitteilung) bezüglich der Auswirkungen/Folgen des nun verabschiedeten Bergbaugesetzes auf BOC.  

Date: Wednesday 29th April 2015
Time: 11.00 am
Venue: Grand Papua Hotel, Mary Street, Port Moresby, Papua New Guinea

Das Statement sollte spätestens zur Hauptversammlung kommen.
Fliegt zufällig jemand aus dem Forum hin?  

Eindeutiger lässt sich das deckeln wohl nicht belegen.Signifikante Stückzahlen liessen sich in AU nur mit 50% Aufschlag zum aktuellen Kurs ergattern. Da dürfte es die Trickys freuen wenn sie in D noch Stücke um die 20 € ct (28 AUD ct ) abgreifen können.

....unserer ``Reaktionäre`` vor Ort/PNG in den nächsten Tagen. Drohen, lamentieren,

schlecht reden, sabotieren, ...geht gar nicht  -  kann nicht sein  -  darf nicht sein..
usw.

Oder Ärmel hoch krempeln und die Chancen die sich jetzt bieten anpacken und  schnellstens was draus machen. 1. Fahrplan einhalten!! 2.Die Uhr tickt. Stichwort: Referendum.

Bin wirklich  mal gespannt auf den Fortgang der Entwicklung  ...in the Land of the Unexpected. ;-)))  

nochmal nachlegen.
Ihr auch?  

PRESS STATEMENT FROM ABG PRESIDENT

NEW MINING LAW A REJECTION OF THE PAST: MOMIS

The Autonomous Bougainville Government passed a new ‘long-term’ Bougainville Mining Law on Thursday 26 March 2014. In his second reading speech in the Bougainville Parliament on Wednesday, the President spoke of the ‘misery, destruction and conflict’ caused for Bougainville by colonial mining law. He said that in passing the new law Bougainville was ‘rejecting that terrible past’.

He said that the under new law, ‘the rights and the needs of the owners of the minerals will be given the highest level of protection. In particular, the owners will have power to stop either or both exploration on their land, or the grant of a mining licence over their land.’

He went on to say that if Bougainville landowners do allow mining development ‘they will be entitled to rents and compensation, a share of royalties, proper treatment under resettlement plans and programs, preference in mining employment and business related opportunities, 5 per cent free equity ownership in the mine lease holder, and much more’.

The President also noted that:
‘The Bill also encourages direct participation of Bougainvilleans in the mining industry. ... Only Bougainvilleans can do small scale or artisanal mining, under community mining licences and artisanal mining licences. We encourage small-scale mining, for we have abolished restrictions in PNG law that mean most small-scale mining is illegal. There is also provision allowing companies controlled by landowners to apply for exploration licences over land owned by those landowner’s. These are new directions for mining law in Bougainville.’

President Momis also stated that because ‘the ABG is the government of all Bougainvilleans’ the law had to ‘balance the rights and needs of mineral rich landowners with protecting the interests and rights of all other Bougainvilleans. Any kind of mining, and especially large-scale mining, has impacts on other Bougainvilleans.’

He stated that the law also offered protections and benefits to people outside the mine area likely to suffer environmental and social impacts. He said: ‘But in a place as small as Bougainville, where our communities are so closely connected, large mines have impacts on every part of the Region.’ As a result, it would be the responsibility of the ABG to look after impacts on all peoples. This would include ensuring that there was a spread of economic benefits, for inequitable development, where just landowners with minerals became wealthy, would only cause divisions and conflicts.

The President also explained that the new law is not about Panguna, or BCL. ‘Rather it’s a law about the future of the whole of Bougainville.’ He said the ABG is considering allowing large-scale mining again is because of its need for revenue. He said: ‘We lack even the most basic acceptable standards in essential services, like health and education. We lag behind the rest of the world. Without significant ABG revenue, that situation will never change.’

He said he wanted ‘the best possible hospitals, health centres, early childhood centres, schools, universities, technical education centres ... clean power, like hydro, and good roads to all accessible areas, good shipping services. These things are the essential basics for us gradually developing a sustainable economy where all share in benefits.

It was difficult to find the the money needed for such things, he said: ‘Right now we Bougainvilleans are not much better than beggars. We beg for our entitlements from the National Government. We beg and cajole the donors.

‘True autonomy, or true independence, will only come when we have our own sources of revenue, capable of providing the best possible services to our people.

‘It is an unfortunate truth that .. the only way any of us can see of generating this revenue is mining. But we need to approach this with great care. Mining itself is not a sustainable activity, as the minerals are a finite resource, and once they are gone they are never replaced. So the key will be to use the mining revenue wisely, to promote and generate sustainable economic growth.

This is why it will be essential to invest in health, education, clean power, and good transport.

The President went on to say that he had ‘no idea if BCL will return. ... BCL’s parent company, Rio Tinto, is in the process of undertaking a review of its investment in BCL. It’s entirely possible Rio will decide to walk away from that investment. If that happened, we would have to look at other options.

‘But our options with mining are not limited to Panguna. There are many difficulties involved when considering re-opening Panguna. There are divisions about the issues involved. There are high expectations about compensation and related issues. And if demands of this kind are too high, the project will not be economic. So at this stage, the ABG does not know whether Panguna will ever re-open.But we also know that there are leaders and communities in other parts of Bougainville that want mineral exploration. And as always, my government remains ready to talk to such areas.

He said that the ABG is not focused solely on large mines is instead strongly supporting small-scale mining. An innovative system of Community Mining Licences administered by COEs and VAs is directed to encouraging Bougainvilleans to generate their own revenues, but also to mine in ways that are safe for their health, and for the environment.

Chief John. L. Momis  

Soll damit etwas smale scale mining erlaubt werden?
Das ist doch höchst umweltschädlich?

Im großen und ganzen sieht ist der Artikel nicht wirklich positiv zu werten und der Ausgang eine reine Spekulation.

Wenn Rio nicht dabei ist, wird es sehr unwahrscheinlich.  

...erklärt und Stellung bezieht (vor der HV) : re-opening Panguna with us  ``yes or no``.  ;-))  

....Soll damit etwas smale scale mining erlaubt werden?...

unter staatlicher Aufsicht und Kontrolle.    Warum nicht? ;-))  

...könnte sich das GELD dann seinen "small-scale-Weg" suchen. Im Einvernehmen mit den jeweiligen Landownern natürlich. Live long and prosper! ;-)  

Könnte BCL mit jemand anderem als mit Rio wiedereröffnen oder wars das dann für BCL, wenn Rio NEIN sagt!?
Oder klagt Rio gegen das Mining Bill?  

...diese Thema  muß pragmatisch gesehen werden. Es ist  sowieso da und wird bleiben.

- Mit der staatliche Kontrolle des Gold Ankaufs durch lizensierte Büro´s/Händler  und den  Verkauf des Quecksilbers kann ein mindest Standard beim G. Abbau geschaffen werden der jetzt nicht vorhanden ist.

- Wenn man der Hypothese, das ein beträchtlicher Widerstand gegen Panguna aus diesem Milieu kommt, glaubt dann kann die Legalisierung sozusagen ein Ticket darstellen das diese Widerstände überwindet und die Bahn frei macht für ein gemeinsames arbeiten an reopen Panguna und daraus folgend >> wirkliche Autonomie für die Insel Bougainville. ;-)))
.  

Die Frage stellt sich für mich überhaupt nicht.
Momis kann doch gar nichts anderes sagen, als dass er nicht weiß, was Rio Tinto weiter mit BCL vorhat.
Rio Tinto ist nun in der Verantwortung, sich zu äußern.
Und alles andere als ein Statement - Pro Mining Panguna, kann ich mir nicht vorstellen :-)

Weiterer Ablauf:
- Rio Tinto Statment zu BCL
- Wahl eines neuen Präsidenten
- Belkol kurz nach der Wahl
- Beginn von Verhandlungen über div. Wiedergutmachungen
- Beginn der Durchführung von Baseline Studies
- Übertragung der Shares März 2016 (der Anteil ABG - PNG muss noch festgelegt werden)
- Beginn Verhandlungen über den Minenbetrieb -> Kurz nach übertragung Share

Wahrscheinlich bekommne wir auf der HV ein genaueres Bild über den Zeitplan von BCL  

260315 WRITS TO BE ISSUED TOMORROW

BY WINTERFORD TOREAS

WRITS for the 2015 ABG General Election will be issued by the speaker of the Bougainville House of Representatives, Mr Andrew Miriki at 4pm tomorrow.
This event which signifies the start of the election period will take place at the ABG parliament chamber.
Following the issue of writs, intending candidates will have three days to nominate.
Nominations will commence at 8am Bougainville Standard Time (BST) on Monday, the 30th of March and ends at 4pm BST on Wednesday the 1st of April.
After nominating, candidates will have six weeks to stage their campaigns.
Polling will take two weeks, commencing on the 11th of May to the 25 of May.
Counting will be held from the 26th of May to the 7th of June while the writs will be returned by Mr Manu the next day, the 8th of June.
The new government that will be elected in this general election will be sworn in on the 15th of June, which is also the inauguration day for the ABG.

Ends

Mar 26 2015
Bougainville News: Press Release and Full Speech : NEW MINING LAW A REJECTION OF THE PAST: MOMIS


Quelle :  http://bougainvillenews.com/




....The President also noted that:

‘The Bill also encourages direct participation of Bougainvilleans in the mining industry. … Only Bougainvilleans can do small scale or artisanal mining, under community mining licences and artisanal mining licences. We encourage small-scale mining, for we have abolished restrictions in PNG law that mean most small-scale mining is illegal. There is also provision allowing companies controlled by landowners to apply for exploration licences over land owned by those landowner’s. These are new directions for mining law in Bougainville...............

 

Teilen unsere Ansichten... Bzgl der wichtigkeit der bevorstehenden AGM's :-)

Bougainville Freedom Movement questions new Mining Act
Bougainville Freedom Movement

Like Mr Jimmy Miringtoro, Member for Central Bougainville and Minister for Communication in the Papua New Guinea National Government, the Bougainville Freedom Movement (Australia) are also wondering why the ABG have passed the Bougainville Mining Act 2014, “when the people are still in the dark of this bill that could take away their rights form their land and resources forever”.

The Bougainville Freedom Movement (Australia) is concerned with the speech President Momis gave today, 26 March 2015, where he says:

“With our new Mining Bill, we are completely rejecting that terrible past.”

Does this mean that President Momis is forgetting his own history and the shocking history of Bougainville Copper Limited (BCL) in its mining operations on Bougainville and what the mining company did to the people of Bougainville and the environment?

It is a “terrible past” and will not be forgotten but it should not be “rejected”.

Not once has Bougainville Copper Limited (BCL) or Rio Tinto mining company ever apologised or compensated the people of Bougainville for the environmental devastation it caused and the extremely wicked atrocities it inflicted on the people of Bougainville.

We received an email from New Zealand today about the new Mining Bill which says, “With the  bill being written by an outfit named after Adam Smith the right wing economist (“The hand of God” (rules the economy)) you can imagine what rights the people will have!”

Whilst it does not surprise us that BCL have probably paid bribes to the Autonomous Bougainville Government to pass the Mining Bill, it also makes sense knowing that Rio Tinto and Bougainville Copper Limited think more of their companies, their shareholders and their profits.

The Rio Tinto AGM is on 16 April 2015 in London, England.
The Bougainville Copper Limited (BCL) AGM on 29 April 2015 in Port Moresby.
The Rio Tinto AGM on 7 May 2015 in Perth, Australia.
It is perfect timing for the ABG to pass the Bougainville Mining Act 2014, so now Bougainville Copper Limited and Rio Tinto mining can let their shareholders know how they can now continue to fill their greedy pockets with money taken from the poor and underpriveleged people on Bougainville.

Let us remember how Bougainville Copper Limited treated the people of Bougainville from the time it found gold and copper, started the Panguna mine , created environmental devastation and killed an estimated 15,000 – 20,000 people on Bougainville when the people decided to stop the Panguna mine from operating.  LEST WE FORGET.

Look what President Momis has written  and please note where it has been published…. The Bougainville News website…. supported by the pro-mining lobby and Bougainville Copper Limited.

MOMIS: “Ultimately, the main reason why we in Bougainville are considering allowing large-scale mining again is because we need revenue to advance or development. WE lack even the most basic acceptable standards in essential services, like health and education. WE lag behind the rest of the world. Without significant ABG revenue, that situation will never change.”

FACT: “There is little evidence to demonstrate where mining has had a positive effect on peoples’ levels of poverty or indeed ‘lifted’ people out of poverty.”  (AidWatch)