Trading Bougainville Copper (ADRs) 867948

http://www.onepng.com/2015/12/petromin-unaware-of-png-governments.html
Ltd
Petromin unaware of PNG Government's talks with Rio Tinto over Bougainville Cooper Ltd

ich meinte,man sollte bei solchen meldungen nicht gleich nachkaüfen.
 

http://hpr2.org/post/...cts-bougainville-and-solomon-islands#stream/0

Zitat  : .......When Prime Minister Peter O'Neill replied that Bougainville receives more than any other province......... wer den  O´N....  auf der kürzlich gehaltenen Klimakonferenz gehört und gesehen hat bekommt eine Ahnuing davon wie so ein Grand Chief  tickt. Ich für mein Teil halte von seinen Äußerungen weniger als nichts , nothing.  :-)))

 

Ausblick 2016: Rohstoffe haben wieder jede Menge Potenzial


Liebe Leser,

jetzt liegt 2015 hinter uns. Endlich - werden viele Rohstoff-Investoren sagen. Dieses Jahr hat viele Herausforderungen gebracht. Wie immer zum Jahreswechsel kommt jedoch Hoffnung auf eine Besserung im neuen Jahr auf.

Tatsächlich ist es kaum noch möglich, dass sich die Stimmung bei den Rohstoffen weiter verschlechtert. Zudem gibt es wirklich etliche Hinweise darauf, dass 2016 tatsächlich die schon so lange erwartete Trendwende bringen kann.

Mein Kollege Oliver Gross, der Chefredakteur vom Börsendienst „Der Rohstoff-Anleger“ stellt Ihnen heute seinen ganz persönlichen Ausblick auf 2016 vor. Sie werden feststellen: Es gibt wirklich zahlreiche Argumente, die für ein deutlich besseres Jahr sprechen:

„Sie würden am Rohstoffmarkt nicht als mutiger Investor agieren, wenn Sie nicht wie ich von den großen Gewinn-Chancen und der langfristig soliden Makro-Story überzeugt wären. Nach jedem Bärenmarkt startete in der Vergangenheit ein großer Bullenmarkt, in denen Anleger mit Rohstoffen und Rohstoffaktien ein Vermögen verdienen konnten.

Dasselbe wird auch nach dieser Baisse erfolgen, da bin ich mir zu 100% sicher und die lange Historie ist auf meiner Seite. Daher gibt es für mich keinen Grund in Pessimismus zu verfallen, sondern mit Überzeugung und gutem Gewissen nach vorne zu blicken.

Nach der Baisse folgt die Hausse – Chancen für 2016 stehen gut

Ich habe für Sie daher einen analytischen Blick nach vorne geworfen und zeige Ihnen einige, repräsentative Gründe auf, warum 2016 ein gutes Jahr für den Rohstoffsektor werden könnte und weshalb eine nachhaltige Trendwende in Sicht ist, in der Sie gigantische Gewinn-Chancen wahrnehmen können:

Die chinesische Wirtschaft zieht wieder stark an: Nach einigen Quartalen mit schwächeren Wachstumskennziffern stehen die Chancen nicht schlecht, dass China wieder richtig in Fahrt kommt. Die chinesische Regierung wird alles dafür tun und neue Wachstumspakete schnüren. Ein starkes Wachstum des größten Rohstoffkonsumentens wird sich sehr positiv auf den Rohstoffsektor auswirken.
Der US-Dollar könnte seinen aktuellen, starken Bullenmarkt beenden. Da Rohstoffpreise in Dollar abgerechnet werden, wirkt sich ein schwächerer Dollar ganz traditionell positiv aus.
Weltweit kann eine steigende Rohstoff-Nachfrage auf ein fallendes Rohstoff-Angebot treffen. So könnte sich die Situation von 2015 in 2016 umkehren. Die Folge wären stark steigende Rohstoffpreise.
Die Inflation kann in 2016 wieder stärker anziehen. Aufgrund der weiterhin sehr expansiven Geldpolitik der Notenbanken sind größere Inflationsschübe nur eine Frage der Zeit. Rohstoffe zeigen in einem inflationären Umfeld sehr oft bedeutende Stärke und sind ein klassischer Inflationsschutz.
Große Chance durch historische Unterbewertung des Rohstoffmarkts. Nicht nur absolut, sondern auch relativ gesehen: So standen Rohstoffe im Vergleich zu Standardaktien bspw. noch nie so tief!“
Soweit Oliver Gross mit seinem Ausblick auf das Rohstoffjahr 2016. Wenn Sie mehr zu seinen aktuellen Empfehlungen wissen wollen, klicken Sie hier.

Erfolgreiche Investments

wünscht Ihnen

Heiko Böhmer

Redaktion „Rohstoff-Giganten“

http://www.derwesten.de/staedte/duisburg/...d-frieden-id11415962.html

ABG President, Chief Dr. John Momis says that he is very concerned at the discussions been held between RIO TINTO and the Papua New Guinea Government to purchase RIO’s 53.83 percent shares in Bougainville Copper Limited (BCL) for $100 million.
In his address to the ABG House this week, President Momis said that he has been approached by several senior National Government officials including the Prime Minister, Peter O'Neill the last time during the December’s JSB meeting in Kokopo.
President MOMIS said that the people of Bougainville must be assured that the ABG has made no deal with PNG.
Instead we are putting a very strong Bougainville position to both PNG and RIO that environmental clean-up is now the key issue and that if there is any transfer of RIO’s shares, it must be to Bougainville.
President Momis said that the minerals in Bougainville belong to Bougainvilleans as your blood has been shed over those Panguna Minerals, yet PNG wants to buy RIO’s shares so that it can own Panguna and its minerals.  

                    
           §
Panguna share spectre haunts ABG

Monday, 4 January 2016

THE possibility of Papua New Guinea directly owning Rio Tinto’s 53.83% share of Bougainville’s controversial Panguna copper mine has once again prompted Autonomous Bougainville Government President John Momis to publicly state his concerns over any moves to control the island’s resources.

Panguna Copper Mine, Bougainville PNG

The move comes as the national government and the ABG postponed a joint supervisory board meeting in December until February, as Prime Minster Peter O’Neill and Momis were unable to ...........

.............“They must state publicly and clearly whether or not either of them is planning, or is any way involved, in preparing for or conducting, any transaction involving transfer of Rio Tinto’s shares in BCL, either to the PNG government or to any entity controlled by or involving PNG.”

O’Neill hit back at the claims, saying there were no secret deals as the national government is a shareholder of BCL

Quelle :  

http://www.postcourier.com.pg/kids-place/#.VoraE7bhCM8

...

THE Panguna Landowners Association Special Mining Lease Osikaiang Association  held its annual general meeting before the New Year week at Dapera Village.

Since the signing of belkol in Buka, North Bougainville recently, the association is now facing huge opposition from the Me’ekamui Government.

Among the many items discussed during the meeting, the landowners all wanted the belkol to proceed.

...  

New post on Bougainville News


Bougainville mine: PNG attempt to buy Rio Tinto’s shares in Australian mining company ‘completely unacceptable’
by bougnews
BCL

The Papua New Guinea Government wants to buy Rio Tinto's shares in the Australian company Bougainville Copper Limited (BCL), according to Bougainville's President.

Reporting ABC       By South East Asia correspondent Liam Cochrane

Such a move would be "completely unacceptable" to Bougainvilleans and would be "potentially a source of conflict", according to a series of leaked letters obtained by the ABC.

Key points:
Leaked emails show PNG, Bougainville governments met with Rio Tinto to discuss future of Bougainville Copper Limited
PNG expressed interest in buying Rio Tinto's shares of BCL
Bougainville President says Panguna mine's tortured history would make such a deal unacceptable to Bougainvilleans
BCL once operated the Panguna mine, which sparked a decade-long civil war in 1989 and remains a source of tension between the autonomous island of Bougainville and the PNG mainland.

Rio Tinto holds 53 per cent of shares in BCL and the company still holds an exploration licence for the now-derelict mine area.

The ABC has obtained correspondence between the Autonomous Bougainville Government (ABG) President, the PNG Government and Rio Tinto regarding BCL's future.

"I refer to the Monday 8 December discussion in Kokopo with you [PNG Prime Minister Peter O'Neill], and other ministers concerning proposals for National Government to purchase Rio Tinto's equity in BCL," Bougainville President John Momis wrote to Mr O'Neill, two days after the meeting.

"You emphasised a need for urgent purchase for fear Rio Tinto might otherwise sell the equity to some other entity."

Given the tortured history of the Panguna mine it would be completely unacceptable to virtually all Bougainvilleans if that 53 per cent equity were to be transferred to the National Government.

Bougainville President John Momis
He also voiced concerns in a separate letter to Rio Tinto's managing director Sam Walsh.

"[PNG State Enterprises] Minister Ben Micah has advised that following a series of meetings with Rio Tinto, PNG wishes to purchase Rio's equity in BCL and is seeking ABG agreement," Dr Momis wrote on December 4.

It is no secret the mining giant is considering its options, launching a review of its stake in BCL in mid-2014.

On December 10, Rio Tinto's chief development officer Craig Kinnell assured Dr Momis that no deal had been done.

"The review has not reached any final conclusions, but as you would expect Rio Tinto has engaged further with interested parties since we met earlier this year," Mr Kinnell wrote to Dr Momis.

The PNG Government said its main priority was to rebuild Bougainville's broken infrastructure and deliver services, but confirmed it was involved in talks about a sell-off.

"There has been some discussion between the ABG, the National Government and Rio Tinto about the possible divestment of Rio Tinto's interest in Bougainville," Mr O'Neill told the ABC.

It would be political suicide for the ABG, and potentially a source of conflict, if the ABG were to agree to the National Government becoming the majority shareholder in BCL.

Bougainville President John Momis
"But again this is a decision on which the land owners and the people of Bougainville will have to guide the National Government.

"We have no interest in owning the mine or reopening the mine."

Dr Momis has warned Mr O'Neill of the possible consequences of a deal that was perceived to favour the mainland.

"Given the tortured history of the Panguna mine it would be completely unacceptable to virtually all Bougainvilleans if that 53 per cent equity were to be transferred to the National Government," he said in a letter to Mr O'Neill.

"It would be political suicide for the ABG, and potentially a source of conflict, if the ABG were to agree to the National Government becoming the majority shareholder in BCL."

The suggestion of conflict is a serious one, considering the large number of weapons still on the island and the highly factionalised population.

Questions over why PNG Government wants the mine
The once-lucrative open cut mine has been abandoned for more than two decades and will need an estimated $8 billion to $10 billion investment to restart operations.

Some commentators, including Matt Morris, an associate with the Australian National University's Development Policy Centre, have questioned PNG Government's interest in Panguna, given the nation's current financial state and its poor track record managing other mines.

"I think the main questions are why does the Government want to buy the mine, what is the value added that the PNG Government would bring to a shareholding in BCL and thirdly what would be the political implications?" Mr Morris told the ABC.

"The last year has been a pretty awful year for the PNG Government's finances with the collapse of the commodity prices and that's led to rising debt levels and the PNG Government's had to cut back on expenditure for things like health and education and infrastructure.

"So it's not really clear how the Government would go about finding the funds to purchase the company or where it would find or borrow the billions of dollars that would be required to reopen the Panguna mine."

John Momis says it would be 'completely unacceptable' for the PNG government to buy BCL.
In addition to operational costs, any restart at Panguna would have to deal with demands for compensation from locals and expectations of an environmental clean-up around the mine site.

But the potential revenue it could bring is central to Bougainville's political future.

As part of the peace agreement that ended the civil war in 2001, Bougainville will hold a referendum on independence from PNG some time in the next five years.

Dr Momis told Bougainville's Parliament in December that "real autonomy" would only come when the island became financially stable and that would probably mean a large-scale mining project.

"If Rio's decision is to divest itself of the equity then the ABG's considered view is that it is most unlikely that any potential responsible developer will be able to find the $US6 billion to $US7 billion needed to reopen the mine," he said.

"It is therefore most unlikely the mine will reopen in the foreseeable future  

"It is therefore most unlikely the mine will reopen in the foreseeable future."  

Breaking Bougainville News: PM Peter O’Neill takes on ministerial responsibilities of Minister for Autonomous Region of Bougainville.

Prime Minister Peter O’Neill has today announced a minor cabinet reshuffle that will better position the National Government to take advantage of current and emerging development opportunities.

Ministerial changes announced by the Prime Minister are:
PM Peter O’Neill takes on responsibilities of Minister for Autonomous Region of Bougainville.
Ben Micah-Minister for Petroleum and Energy;
......

kompletter Artikel hier: http://bougainvillenews.com/2016/01/11/...ous-region-of-bougainville/


 

.....tatsächlich an ein weiterkommen zur lösung der ´issues´ interessiert :-)))
 

https://ramumine.wordpress.com/2016/01/10/...completely-unacceptable/  

your headline in #20339 and the article linked are diverging.
Maybe due to lingual problems, as shown by the word "hast".  

Sorry means 'has no interest....'  

this is exactly, what cannot be derived from the text mentionned.  

.............“We have no interest in owning the mine or reopening the mine. We will remain focused on delivering the better education and healthcare, rebuilding infrastructure and improving the economic opportunities of people on Bougainville,” Mr O’Neill said..............


 

right, there was s.th wrong with the link

thanks traderevel for posting correct link!  

http://news.pngfacts.com/2016/01/...ion-leader-don-polye-queries.html

Published On:January 11, 2016
Posted by PNG Today
PNG Opposition leader Don Polye queries motives of cabinet reshuffle

The Opposition has queried the motive behind the Prime Minister Peter O’Neill, allocating himself the Bougainville Affairs Ministry in light of the looming vote on referendum.
Opposition Leader Don Pomb Polye said stripping off the ministry from a Bougainvillean MP who has local knowledge about the issues of the Autonomous Region of Bougainville government is a slap in the people’s face.
Mr Polye has cautioned the Mr O’Neill as the minister responsible to treat the outstanding financial issue and Bougainville Copper mine issues among others with care.
“The Prime Minister has been playing down the seriousness of ABG by way of undermining the peace agreement with cuts in funds rightfully owed to the people.
“The scars of the Bougainville crisis are still raw and that discreet protocol and care should be given to the region to prepare them well in the lead up to the referendum,” a concerned Polye said.
He has described the minor reshuffle as ‘self-serving and not in the best interest of the country.’
“I see that the reshuffle by the Prime Minister is obviously to achieve political expediency so it is not morally justifiable.
“The reshuffle was done at the time when the ABG President John Momis is suing the government over cuts in funds and looming referendum vote,” said Mr Polye.
The Opposition Leader has called on the Prime Minister to reinstate either the member for South Bougainville Peter Kammaor appoint any other MPs from ABG as the minister for Bougainville Affairs.
“They are fighting for autonomy so it is better to give the ministry back to the Bougainvilleans as they best know their issues more than the Prime Minister,” he said.

Posted by PNG Today on Monday, January 11, 2016. Filed under all, news, PNG News . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

THE Panguna Landowners Association has called on the Prime Minister for Me’ekamui Government of Unity, Philip Miriori, not to interfere and mingle with the operations of the association.

Spokesperson for the six landowner groups, who are directly affected by the Panguna Mine operations Wendelinus Bitanuma, wants Mr Miriori to leave the running of the association affairs of the landowners to them.

...

He said the six associations were yet to receive an outstanding payment of K13.9 million as their royalties from Bougainville Copper Limited.

The six associations comprise of special mining lease (SML), upper tailings, road lease, middle tailings, lower tailings and fish owners association.

The current infighting between Lawrence Daveona and Philip Miriori of SML is really affecting many people as they don’t know what is happening.  

The Momis Government, the O’Neill Government and their Man in Panguna
by ramunickel
Bougainville Correspondent

Tension is mounting on Bougainville. People know behind the scenes dishonest politicians are playing with the peoples resources. Recently it was announced that the PNG government is considering purchasing Rio Tinto's stake in Bougainville Copper Limited. Autonomous Bougainville Government (ABG) President Momis  has spent the last six years boldly claiming a return to mining would be supremely profitable, so much so that the ABG's revenues problems would be solved. Landowner opposition he claimed, was nothing more than a loud, ignorant minority.

It appears he may be too good a salesman. Now it is alleged, PNG wishes to buy Rio Tinto's stake - why not given the optimistic predictions offered by the ABG and their foreign advisers.

Now on Hardtalk Bougainville, it is alleged another player is involved, Mr Philip Miriori.

Miriori is regarded in central Bougainville as an untrustworthy individual out to make a buck. Miriori has set up his own government, and has been making all sorts of deals with back door operators. The Miriori government calls itself the Sovereign Me’ekamui Tribal Government of Bougainville. Despite the grand title, it has no legitimacy in Panguna, and even less legitimacy elsewhere in the island. No one knows what Miriori is up to in his old office block in Panguna, many don't want to know.

However, according to Hardtalk Miriori is now in bed with the Momis government and has been meeting regularly with the Prime Minister. It is also reported that Miriori and his government are now 'acting on behalf of ABG to make decision as Landowners of Panguna'.

Miriori has no right or power to be acting in such a way, this is widely known. If this report is accurate it would appear a desperate Momis government, who overstated support for its reopening plans, is now clutching to whichever individual can promise them Panguna.

This happened back in the colonial days, a big head local councillor claiming they spoke for the people, would consent to mining activities, and then the Rio Tinto people would be chased out by the real landowners.

One of Miriori's back door partners, an Australian company, Transpacific Ventures, offers a rare look into the dubious schemes Mr Miriori is involved in. Transpacific Ventures are themselves fly by night mining speculators, who have used certain connections in the old Catholic boys club, to worm their way into Bougainville (not to be confused with POGE!).

The less holy 2013 investor memorandum states 'the Me’ekamui are now attempting to form the first legitimate government on Bougainville in conjunction with the PNG National Government and the ABG ... Following cooperation with the Me’ekamui, there is now a draft Mining Law Bill [the 2015 Bougainville Mining Act - M.W.] proposing a new mining regime for Bougainville that is anticipated to come before Parliament following a series of meetings between stakeholders in July/August 2013'.

Transpacific Ventures also claim, 'On 31 August 2012 TPV signed the Cairns Agreement with the Sovereign Tribal Me’ekamui Government and the Me’ekamui Management and Oversight Committee (“the Committee”) for the right to manage, in partnership with the Me’ekamui, exploration and extraction of minerals and petroleum for 20 years, renewable, over the entire Bougainville Island and waters except for the 10,000 ha Panguna Moratorium Area, the site of the dormant Panguna mine and surrounding ... Under the Cairns Agreement TPV has the first right of refusal in relation to the following minerals including, but not limited to, Oil and Gas, Gold, Silver, Copper, Lead, Zinc, Magnetite, Tellurium, Gemstones and Limestone'.

All of this would be funny, except for the fact Miriori's government is in bed with the ABG and PNG governments. Greed for resources and money is alive and well. But this castle is made of sand, quicksand.
 

...typisch diese destruktive reaktionäre Betrachtung der Dinge und alles über einen Kamm scheren. Die meisten würden es aber begrüßen wenn mal  konstruktive, machbare und intelligente, glaubhafte  Beiträge von den Verfassern, zum Fortschritt auf Panguna versucht würden.