Bougainville Copper Ltd. / BOC (ASX)

Da gibt es mehrere, vergleichbar eines Häuptlings.

Den besten Ueberblick zur Definition findest du hier:

http://web.mesacc.edu/dept/d10…ues/bigman/economics.html

Dear Members

We are very happy to see that a very large number of
you are holding onto BOC and buying more. Those of you who understand
the market and how it works clearly understand why holding on to BOC can
put a lot more money in your account, as it already has since our
initial alert at 30 cents. Everyone who has been holding BOC since our
initial alert has made big bucks, and those continuing to hold steadily
could benefit from another +1,000% in potential profits

Analysts
still think BOC could hit $10 and reports out there are calling
Bougainville the best copper play for 2013. We believe that once BOC
cross over $1, the company could start attracting institutional
investors who can buy stocks above $1. If that happens we could
potentially see BOC soar to new all time highs again!

Shares are
getting scooped up every day as investors see the potential upside of
the Panguna property. Just a few days ago the company revealed to the
public that their property in Bougainville worth over $75 billion dollar
!

If BCL can achieve a New Bougainville Copper Agreement, shares
in BOC could skyrocket to $10-20 as analysts believe and members could
stand to potentially profit over 5000% in gains.

Morgan
Stanley and Goldman Sachs are huge backers of commodities right now
which should be a strong indicator of huge things to come for companies
like BOC

We are expecting a GIGANTIC month on BOC and
today is when it should break $1 and start heading much higher. If you
did not BUY BOC yet now could be the perfect time to invest in it.

http://www.bougainvillecopper.com.pg/

Bougainville Copper Agreement

Several new developments have occurred which should
help facilitate the re-negotiation of the Bougainville
Copper Agreement (BCA), which is a necessary precursor
of any future investment decisions.
The Bougainville Copper Agreement is an act of the PNG
National Parliament, and as such can only be modified or
repealed by the Parliament.
It is recognised by all stakeholders, including Bougainville
Copper, that the Agreement was drawn up in times and
circumstances that differ from those prevailing today and
that changes need to be made to accommodate the
views, rights and aspirations of all stakeholders including
the landowners and the people of Bougainville.
There is widespread agreement today that Bougainville’s
economic future needs mining if it is to be able to fund
services for the people from its own resources, as well as
address future questions of increased autonomy.
A re-commencement of mining at Panguna cannot take
place unless all parties – the landowners, the
Autonomous Bougainville Government (ABG),
ex-combatants, the National Government of PNG and
Bougainville Copper – are acting in close accord, now
and into the future. During the last year there have been
increasing signs of alignment between the key
stakeholders which is encouraging.
Funding and sovereign risk assurance for the project will
require a united effort. There will need to be a fair and
stable mining regime that gives investors the confidence
needed to commit to a project that is expected to cost in
excess of US$5 billion.
It is pleasing to note that landowners in the six areas
most closely affected by the mine’s operations, including

Panguna, the tailings areas, Arawa and the road and port
leases, have all but completed the formation of legallybased
associations capable of providing genuine
representation to the process of reviewing the
Bougainville Copper Agreement. The process of
incorporation, which involves both legal and customary
commitments, is most welcome, and should bring us
closer to the capacity required to review the BCA to the
benefit of all stakeholders. It is a process conducted by
the landowners themselves with the support of the
Autonomous Bougainville Government and President
Momis, and without the participation of Bougainville
Copper.
Prime Minister Peter O’Neill has confirmed in the
Parliament that Bougainville Copper has, by right of the
BCA, permits to operate at Panguna for a further 21
years from 2011. There are also encouraging indications
that funding for Bougainville and the drawing down of
powers to the ABG, including the power to license and
regulate mining, will be invigorated under his
government.
The Joint Supervisory Board (JSB) which steers the peace
and drawdown processes, met during the period for the
first time in eighteen months, and a large transfer of
funds was made by the National Government to the
Autonomous Bougainville Government.

Bougainville

There are many positive developments to report from the
Autonomous Bougainville Region during the year in
review.
The relationship between President John Momis, his
government, and the board and management of
Bougainville Copper continues to be excellent, with
parties working closely to facilitate the possible
re-development of the Panguna mine. Company
representatives regularly meet and communicate with
President Momis and government representatives, with
the company being encouraged to work towards
establishing an office in Arawa on Bougainville and to
make regular visits. President Momis has re-affirmed his
support for the reopening of the mine, and the
momentum which has produced landowner elections
and an increased focus on the re-start agenda is in
considerable part due to the efforts of the President and
members of his cabinet. The issues of gun control and
law and order are similarly the subject of concerted effort
by members of the Autonomous Bougainville
Government.
The World Bank initiative aimed at helping Bougainville
develop its mining sector continues to be productive,
directed towards increasing community benefits from all
forms of mining, increasing the technical capacity to
regulate mining activity and thereby help facilitate the
transfer of mining powers to Bougainville. This will be an
important step because regulatory certainty is needed
before a decision to mine can be made. Ideally the
Bougainville mining regime will not be dissimilar to the
current Papua New Guinea (PNG) system so that a
smooth transition from the old regime to the new should
be possible. It is noted that the ABG Department of
Mining is recruiting new technical staff.
The combined landowner groupings at Panguna continue
to co-operate through the Panguna Management and
Consultative Committee and the landowner umbrella
company. One of the key achievements was the
engagement of representatives of all mine affected areas
in a productive meeting with senior Bougainville Copper
management at Buka. This is a major step forward for all
parties who continue to work on an agenda of issues to
bring to the table when negotiations for future
operations begin.
There was a very successful visit by a delegation of
National Government and ABG political and
administration representatives to Rio Tinto’s Northparkes
copper operation in Australia, with very positive feedback
received from the members of the delegation as to the
high levels of goodwill and close collaboration that were
witnessed between the mine and neighbouring
communities. More visits are planned.
The Australian Government remains supportive of
Bougainville, including the provision of senior advisors to
President Momis and the ABG. The Australia PNG
Business Council, of which I am president, is active in
maintaining a good relationship between Australia and
the people of Bougainville
Increasingly Bougainville is seen as an attractive resource
development province.
The Year Ahead

In addition to the rolling plan that currently guides the
operation of the company, the board has initiated new
planning exercises that give as much certainty as possible
to decision-making, on the path to a resumption of
mining.
An updated Order of Magnitude Study has been
completed.
This is a major study receiving inputs from a large
number of experienced and qualified people aimed at
providing the board with an understanding of the range
of viable technical and commercial development path
options that can be taken to a feasibility study.
Contributors to this exercise include people with
expertise in geology, business planning, environment,
tailings management, JORC compliance and other skills
and capacities drawn from within Rio Tinto’s expertise.
Members of the board have participated, as well as key
project evaluation people from the Rio Tinto copper
group.
The results of this study indicate that it may be
economically viable to redevelop the Panguna mine
under current assumptions. The company is reviewing the
study and will report in further detail at the Annual
General Meeting in April.

As a result of the study and the JORC compliance
process, there has been a significant increase in the
Panguna resource. A statement of the updated mineral
resource was released on 7 February 2013 and can be
viewed on the company website –
www.bougainvillecopper.com.pg
When circumstances permit, it is our intention to
establish a representative office at Arawa. Once this
occurs, the company and the ABG and landowners
propose to jointly commission four new studies in 2013 –

social and economic baseline studies, social mapping,
social economic and cultural assessment and an
environmental baseline and impact assessment.
Also planned for this year is a flow of information to all
key stakeholders to keep them informed of the
company’s intentions and planned activities. Access to
mine properties and operational sites is necessary to
conduct remediation and safety surveys, which are also
planned.
Another joint initiative between the ABG and
Bougainville Copper is the establishment of a satellite
radio network to facilitate efficient radio transmission to
the majority of Bougainville. Both commercial and
government radio stations will have access to this system.
An enhanced media and communications strategy is
being developed.
The company was a major sponsor of the Bougainville
team to the PNG Games held in Kokopo in 2012. This
allowed Bougainville to send a large, well equipped team
which was one of the most successful participants in the
games.
Further studies, including pre-feasibility and bankable
feasibility, will be necessary before any decision on
redevelopment of the Panguna mine can be made. It is
not intended to undertake further studies until
consultations with governments, landowners and other
stakeholders result in broad support for redevelopment.
It is anticipated that a joint committee of representatives
from the National Government, the ABG, landowners
and Bougainville Copper will be established this year to
facilitate the renegotiation of the BCA.
Rio Tinto is recognised by the National Government as a
continuing and committed investor in PNG’s mineral
development future.
Bougainville Copper is among those projects that Rio
Tinto has on active watch, and Rio Tinto continues to
assist the company with world class technical expertise
and management.
Mr Jean-Sebastien Jacques, Rio Tinto’s president of
international copper operations, joined the Bougainville
Copper board in 2012. The appointment underlines the
commitment of the company’s largest shareholder to
Bougainville Copper.
The company faces the coming year with enthusiasm for
the tasks ahead, and anticipates good progress toward
the vision of reopening the mine.
Peter R Taylor

Both he and Jack are now licking their lips. In fact, next week, Ed is
putting out an alert on an PNG gold,silver,copper stock currently sold

down to under $0.60 that he thinks is almost a sure-thing to go well above $ 2,70 and likely be a ten-bagger in the next year.

It
takes a lot of courage to pound the table when a sector is so out of
favor. But, it is made easier when you understand most of the market

fundamentals that almost are sure to lead to a major resurgence in this sector.

If you’ve been waiting to get into this market, now is the time.

http://www.radioaustralia.net.…islation-and-more/1099044

The legislation is the first in the world to see landowers

share sub-surface mineral rights with their government and the

legislation also allows them to veto exploration.

Bougainville President John Momis explains in this in-depth interview.

Presenter: Jemima Garrett

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

MOMIS:

The underlying philosophy for our new Mining Act is empowering people,

giving people the power to make political decisions about development

not just being mere passive recipients of benefits. That is a very

important underlying philosophy that motivates us to move on the new

mining act. A lot of people just see development as providing services

and giving people benefits of development but not actually involving

them as major stakeholders in the process of decision-making and the

process of governance. Therein lies the difference between our mining

act and the Papua New Guinea government Mining Act.

GARRETT: This sharing of mineral rights between the government and landowners is a world first. Will it actually work?

MOMIS:

Well, we believe so. In our cultural context, resources, land, sea,

minerals belong to the people, in fact that disagreement with the

colonial law and the Australian government and Rio Tinto at the very

beginning of the inception of the talks to develop Panguna mine, later

on led to the crisis. You know the Australian government and Rio Tinto

in their zeal to generate revenue completely ignored the peoples' way of

doing things so we want to get to the root cause of the problem and

address the root cause by empowering people. So the ownership of the

resources by the customary landowners is by tradition belong to the

people and we are recommending in our new proposed bill that the ABG

which represents the rest of the population in Bougainville, because of

the bloodshed during the crisis in the rest of Bougainville in defence

of customary rights, must also be a joint owner in the resources.

GARRETT:

What will this legislation mean for Rio Tinto's existing Panguna mine

on Bougainville, a mine it is hoping to re-open? Does Rio Tinto need to

be worried?

MOMIS: I don't think so. What we are saying is that

the resource no longer belongs to the state it belongs to the people and

to their own government, that is the ABG. Rio Tinto will have to deal

with us. We are the only legitimate authority with respect to mining in

Bougainville.

GARRETT: How will the new legislation work on Rio

Tinto's Panguna mine if there is a small minority of landowners who do

not agree that the project should go ahead?

MOMIS: Yes, our

proposed bill gives the landowners the right to veto, veto any

exploration which they so believe that the developer and the government

are not doing the right thing. They also have the right to object once a

development process begins after exploration should the developer and

the government decide to go ahead with development. And the landowners

also have the right to object and that puts a stop to the process and

then we have to sit down and work out why other landowners say 'no'

instead of what the Australian government did before, it just didn't

want to listen. Had they listened the Panguna mine would not have blown

up in their face. So we are looking at the fact that the landowners, the

resource owners must be major stakeholders in the decision-making. They

must be given power. They are not just side, onlookers. So that doesn't

mean that the ABG, the government of the people of Bougainville, of

course, has the ultimate authority, to issue licences and so on and so

forth but it cannot do it in isolation of people's involvement in the

process, in isolation of people's concerns and grievances. It must

address them. There must be legitimate, meaningful consultation and not

post facto consultation.

GARRETT: So as the legislation stands,

landowners have a veto on exploration but not on mining itself. If there

is a problem there is this discussion process. Is that correct?

MOMIS:

They have the right to object which means the process cannot go ahead

unless and until their grievances are addressed in the Bougainville

mining development forum by the developer, their government, that is the

ABG, and the affected landowners.

GARRETT: Some of the

ex-combatants who are landowners from the Panguna mine are involved with

companies that are mining the old tailings from the Rio Tinto site. To

what extent is that driving opposition to Rio Tinto re-opening its

operations on Bougainville?

MOMIS: Some of these ex-combatants,

which are doing a bit of mining, which is illegal, will have to abide by

the new mining law hence the importance and the urgency of the new

mining law coming into existence. We could wait until all the 't's are

crossed and the 'i's are dotted. Now we are saying let's cross the

bridges as we come to them. Hence the urgency the importance to have a

mining law now in order to enable the ABG to take control of the

situation and citizens of Bougainville must abide by the laws of their

own government.

GARRETT: There are also a number of small mining

companies such as the Canadian company Murumbi, that are going around

telling landowners that they - the landowners have an exclusive say and

they are signing up exclusive exploration deals. Is that a problem as

far as you are concerned?

MOMIS: They are a big problem. Again

that is another reason why we have to have our own mining law, mining

regime, put in place quickly so we can take control of the situation.

ABG is the legitimate government. As you know we are in a post crisis

situation, and like all post-war situations law and order is a problem.

Our law enforcement agencies are not effective, people think they can do

whatever they want to do and that is not right. The government, the ABG

is committed to democracy, we are committed to the rule of law, we are

committed to sustainable development and democratisation. That is why we

have got to have laws that are fair and just and will protect the

interests of the landowners as well as the interest of the common good,

that is the interests of the rest of Bougainville. And people like

Murumbi, whilst we recognise the right of customary landowners over

their resources we are also saying only the government, that is the ABG,

has the exclusive right to issue licences and control such things as

who gets the benefits. There must be equitable distribution. We must not

disadvantage those who are affected by the detrimental impacts of the

mine like adjoining groups of people who are not in the mining area but

who are detrimentally affected by the development and that is why we

cannot allow and we must not allow anybody to act outside of the

jurisdiction of the government and the law.

GARRETT: So what is your message to the companies that are going around and signing these sorts of deals with landowners?

MOMIS:

My message is that they must forthwith stop. That what they are doing

is illegal. There is a moratorium imposed in Bougainville and at the

moment without our law being enforced the national government is the

only legitimate authority to breach the moratorium. Once our law comes

into force then the ABG will then be the legitimate authority to lift

the moratorium. Without lifting the moratorium, anybody doing

exploration, or who thinks he's doing exploration, and intends to do

mining is acting illegally and acting against the best interests of the

people of Bougainville.

GARRETT: The Autonomous Government of

Bougainville's share in any mining venture will be held on behalf of the

people of Bougainville, and that is a result of the bloodshed and

recognises custom ways of doing things. How will that work exactly?

MOMIS:

Number one, talk about shares, monetary shares we don't know, as yet we

have not decided whether we will, the ABG will hold equity in any

mining deal. What we do know now is that the ABG, in the name of the

rest of the people of Bougainville, is a joint partner in the ownership

of resources. Now we may not want to buy shares but if we do, of course,

we buy shares and own them on behalf of the rest of the population.

GARRETT:

At the moment the PNG government owns a 19 per cent stake in the Rio

Tinto subsidiary Bougainville Copper, which is the owner of the Panguna

mine. You have said in the past that you want that stake transferred to

the Bougainville government. How are negotiations going?

MOMIS: We

will start negotiating soon. In my view we should, the ABG should start

negotiating with the PNG government towards the latter half of this

year and with Bougainville Copper round about the same time. In my view

the 19 point 6 or 7 per cent that the PNG government owns, should really

be transferred to us because Bougainville made a huge contribution to

the national economy and got very little in return.

GARRETT: Will the PNG government handover the whole 19 per cent or will it want to keep a stake for itself?

MOMIS:

Well, they may want to keep some percentage for themselves but it is

only fair that the province that contributed the lion's share of the

revenue that enabled Papua New Guinea to become independent, and

convinced the Australian government that independence for Papua New

Guinea is viable, was Bougainville and we got very little in return. I

was involved in both constitution-making and fighting for the rights of

the landowners in Bougainville all these years. In 1972 when I got

elected I moved a motion in parliament calling for a radical change in

the mining policy and that mining policy should be used as a backdrop

that the Bougainville Copper agreement should be re-negotiated to

achieve a more equitable deal.

GARRETT: I understand you have a

policy of a limit on the number of mines on Bougainville. What is that

limit and why that policy?

MOMIS: Bougainville is a small place,

Bougainville is mineral rich and it is very easy to ignore environmental

impact detrimental effect on society so we believe one big mine is

sufficient and if pressed we may allow for one more mine, no more. We

know there are possibilities but we are making sure that we first of all

make proper use of the revenue generated by the Panguna mine and have

it equitably distributed. We want to make sure that the current

generation, as well as the future generation, are looked after and that

we have our own people educated and skilled to handle the problems that

the mining process will bring on Bougainville. If we don't then we'll be

swamped. Papua New Guinea is different, Papua New Guinea is a bigger

place, a bigger population, we are only talking about 300-thousand

people and I think one mine is sufficient. We want revenue of course to

promote autonomy and fiscal self-reliance and help the people of

Bougainville prepare for the referendum on independence and maintain

unity at the same time. We don't want to cause all kinds of problems

that might be beyond our capacity to handle and manage in an intelligent

and sustainable way.

GARRETT: Before the Rio Tinto mine can be

re-opened the Bougainville Copper agreement needs to be renegotiated and

for that landowner groups need to come together and speak with a united

voice. How are those landowner negotiations progressing and when do you

think they will be ready to begin those negotiations?

MOMIS: We

have nine landowner organisations and we have come a long way as far as

organising the landowner associations goes. All registered apart from

one of two and expect that should be done fairly soon. The nine

landowners have also agreed to an umbrella organisation to speak for

them and participate in the negotiations. We are enabling the landowners

to actually be the stakeholders that will participate with the

government in the negotiations for the re-opening of Panguna mine.

GARRETT: Just how much opposition is there to the re-opening of the mine?

MOMIS:

The bulk of the population want the re-opening of the mine. When people

talk about the 10 billion that BCL and the national government must pay

the landowners and the ex-combatants for the damage done, they must

realise that without opening the Panguna mine, where will the company

get the money to pay the ten billion. If the mine is operating then

there's a real possibility of negotiating an agreeable amount as

compensation. So it doesn't make sense for people who say let's not open

the mine now. Let's leave it closed until after independence. How will

we become independent, how will we achieve-fiscal self-reliance, how

will we achieve fullest autonomy, how will we achieve rule of law and

development, infrastructure development and so on and so forth. So I

think it is only logical that the mine must be opened but on equitable

terms, the developer must benefit of course, the government and the

people. And also might I say here that is time, this is a golden

opportunity for Australia and Rio Tinto who were to be blamed for a lot

of the mess-up at Panguna and we the people of Bougainville, especially

the ex-combatants, where we ourselves can come up with a new deal to

stop the suffering of the people now. We cannot go on procrastinating

and expect the people to survive under difficult conditions.

GARRETT: There is still some opposition to re-opening the mine. Where is it coming from and could it derail this whole process?

MOMIS:

It is coming from a small group of Mekamui supporters, it's quite a

small group. We respect them. There are ways of engaging them. They want

recognition. They are important. They are part of the landowners but

the bulk of the landowners have agreed but that does not mean we should

adopt an exclusivist approach. We must be all-inclusive and under my

watch, I believe in collaboration, consultative, consensual form of

decision-making. We want to include them in decision-making and even

discussing the possibilities of recognising their group. You know the

second level of government in Bougainville doesn't have to be uniform.

There are ways of recognising them by bringing them into the fold.

GARRETT: President John Momis, thank you very much for sharing your thoughts with Radio Australia.

Das wollen die Bouggys jetzt auch für sich u. mit Unterstützung von AU u. NZ wird ihnen das auch gelingen.Da schlachtet man die Kuh nicht die die Milch geben soll. ;-)))

http://www.buysellsignals.net/bcllandowners/Newsletter.do

PNGs 19% Anteil an BCL wurden von AU finanziert,u wird spätestens zur Independance an Boug übertragen sein.

Die Story wird also immer spannender.

By Aloysius Laukai

The long awaited Draft Bougainville Mining act 2013 was announced at this morning’s ABG session of parliament.

The ABG President in making the announcement said this first draft will
be widely circulated to all corners of Bougainville for public
discussion.

He said that a key reason is that our Bougainville constitution calls on
the ABG to make sure to have widespread consultations before it makes
major new laws.

President Momis said that for almost 50 years since CRA exploration for
Copper and Gold began in the mountains of Central Bougainville,
Bougainvilleans have had to respond to the wishes of outsiders in what
are after all our minerals.

In the 1960s, neither the Australian Colonial regime nor Conzinc Rio
Tinto Australia(CRA) had any interest in our views, or our concerns,
about mining.

We were ol Bus Kanaka tasol. The mine was imposed for the good of
Australia(because it would reduce the need for Australian funding of the
PNG Budget and for the benefit of CRA.

President Momis said that he believes that its is not really Panguna
mine that caused the many problems and the conflict Bougainville has
experienced since the 1960.

He said that the real problem was the fact we Bougainvilleans were ignored.

We had no role in decision making and without our consent, the bad impacts of the mine fell on us” said President Momis.

Ends

http://www.radioaustralia.net.…lly-selfreliantmd/1128520

The Rio Tinto-owned copper mine on Papua New Guinea's island of
Bougainville has the potential to make Bougainville economically
self-reliant, according to the Managing Director of the Rio subsidiary
which plans to redevelop it.
Rio-Tinto mine would make Bougainville economically self-reliant:MD (Credit: ABC)

The
issue of self-reliance is crucial as Bougainville is due to hold a
referendum on independence from PNG between 2015 and 2020, but can only
become an independent nation if it has the financial resources to
survive on its own.

Presenter: Jemima Garrett

Speaker: Peter Taylor, Chairman and Managing director of Rio Tinto, subsidiary Bougainville Copper

TAYLOR:
As far as Bougainville is concerned it would make an enormous
difference because from what I have seen they only generate internally,
about 5% of their budget at the moment. This has the potential to
substantially meet the budget requirements of Bougainville. In the
scheme of things for Papua New Guinea it is important there is no doubt
about it. It will be in terms of copper and gold production, well
certainly in terms of copper it will be the biggest mine in PNG. In
terms of gold production it will be second only to Lihir I imagine.
There may be mines in the future producing more gold and copper but at
this stage it would sit as number two or perhaps even number one in
terms of value to PNG

GARRETT:
Rio has had its fingers burnt in Mongolia and it is divesting itself of
a number of assets. Does it have the appetite for a risky project of
this sort?

TAYLOR: Well, I am the Chief Executive of Bougainville
Copper and Rio Tinto is but one shareholder, mind you an important
shareholder having 54 per cent of the equity in the company. Rio Tinto
has so far indicated its interest in continuing as the major
shareholder. It supports Bougainville Copper's vision which is to
re-open the mine but it has one very important caveat, which
Bougainville Copper shares I might add which is that it needs the
support of the Bougainville government, the national government, the
landowners and the people of Bougainville generally. It has said it will
not support re-opening the mine without all of those parties being on
board.

GARRETT: So how is progress going in terms of the support of the landowners?

TAYLOR:The
situation for the re-opening of the mine continues to improve. It is a
slow process but we expect that. My attitude has been and continues to
be I would rather take my time and get it right, than rush and get it
wrong. I think what is happening on Bougainville is in line with my
expectations. The support for the mine re-opening continues to grow and
the support for Bougainville Copper as the operator continues to grow.

GARRETT:
There is still opposition in Bougainville and it is quite loud and
strident opposition - what makes you think you can get over that and
that there won't be a situation which unravels into bloodshed again?

TAYLOR:Well,
I have never been involved in any resource project that hasn't had
somebody who doesn't like it. I mean that is just life. It doesn't
matter what it is you want to build, even if it is a road. You will get
somebody who doesn't want it to be there because it is near their place
or whatever. But look, I know there is some opposition and I think that
is healthy. I would be a bit concerned if everybody was all of a sudden
in favour. I would say what has changed to make that happen. We have to
manage that. We have to be inclusive in terms of the parties that we
deal with and I think that once the benefits, as opposed to what some of
the protesters might think are the negatives, are explained and that is
balanced out for the welfare of Bougainville and its people generally, I
think most people will come on board.

GARRETT: You were on
Bougainville before the mine closed. What have you learnt personally
about from what the people of Bougainville have gone through since that
time?

TAYLOR:You are right, I lived on Bougainville working in
the mine in the mid-80s and to me it was one of the best experiences I
have ever had in my career in the mining industry. I made many friends. I
have still got many of those Bougainville friends. It was a tragedy of
course for Bougainville and its people and I think and what is really
tragic about it is I think it was preventable. In many respects it took
so many small individual events to co-incide for the situation to
develop the way it did. That is the real tragedy of it, it was a
preventable event.

GARRETT: What is Bougainville Copper going to do to make amends for the past?

TAYLOR:
I think it is really a question of looking at what it was about the way
the mine opened in the first place and how we avoid the things that
were done then that led to this discontent and the major one I think is
actually including the local people in the planning, in having equity in
the project itself, having a more equitable share of the revenue from
the mine and being direct recipients of the infrastructure, for example
educational opportunities, health opportunities and so on, that the mine
can produce.

GARRETT: So how will you go about doing it differently, this time?

TAYLOR:
What I have said to the Bougainville government and the landowners is I
want them to set the agenda. I want them to tell me what it is that
they want. So they will bring their agenda to the negotiating table and
obviously we may have to compromise. I mean the mine itself its not
going to be so profitable that it will support every wish of every party
that will come to the table and indeed the investors expect a return on
their money as well. But the different approach is going to be ..it
won't be driven as it was in the first place by an Administration from
Australia. It will be from day one negotiations between the people on
the ground, the landowners in the mine site, the government of
Bougainville and the other population of Bougainville.

GARRETT:
Bougainville has a referendum on independence coming up between 2015 and
2020. What issues does that raise for Bougainville Copper?

TAYLOR:
It is a very important issue for Bougainville Copper and, of course, it
is a very important issue for both Bougainville and PNG generally. For
us, we need certainty in terms of what the government is that you are
dealing with, what their legislation is, what the mining regime is, what
the tax regime is and quite clearly if Bougainville was independent it
would present a different situation in terms of raising finance
internationally than if it was part of Papua New Guinea because Papua
New Guinea has a long and successful record as a mining destination and
the mines here have worked very well but the international community,
finance community, won't know because there is no experience with
Bougainville as an independent country.

GARRETT: Under the
Bougainville Peace Agreement the PNG government must satisfy itself that
Bougainville can economically sustain itself before it agrees to
independence. Does that give Bougainville Copper the whip hand in
negotiations?

TAYLOR: I don't think it does. I mean we as a
commercial enterprise won't be getting involved in politics. What we are
looking at is the viability of the mine. We are looking at the consents
that we need from the parties who we want to get the consents. The
whole question of what economic viability is for the purposes of that
agreement is really a matter for both governments.

ZU Beitrag372: Mir scheint daß alle ETF wie AU AG CU PT RH Soft COMM. etc ausschliesslich zur Marktbeeinflussung gegründet wurden ,indem Potentiell für Phys Käufe vorgrsehenes Geld einfach in Papier umgeleitet wird. Selbst wenn die ETF Phys gedeckt würden ergäbe sich durch Selloffs am Papiermarkt immer wieder die Möglichkeit auch wieder ein paar Wackelige aus ihren positionen zu werfen, dies verstärkt den Trend durch viele Stopps an den entsprechenden Chartmarken . Bei Phys Käufen mit Lieferung lassen sich keinesfalls so leicht die Preise beeinflussen, schon wegen der trägen Abwicklung. Stellt euch vor ein Schiff voll Kupfer ist auf dem Weg nach China, Der Preis ist vereinbart, die Reise dauert Wochen, Der Preis steigt rasant , das Geschäft wird NICHT storniert!!!!! dito im umgekehrten Fall. Nicht so der ETF oder was auch immer Hier haben wir nicht Lieferung sondern Ein Versprechen auf Lieferbarkeit ,Bestände, Im schlimmsten Fall nur auf Auszahlung des" Wertes" laut irgendeiner Anzeigetafel. Das dumme daran ist nur daß aus einem Versprechen mühelos Tausende gemacht werden können.

.......werden die Miningbranche u. die Börsenpublikationen bemerken dass es Ernst wird mit der Wiedereröffnung der Pangunamine.

Jetzt zu 40-45 ct. will fast keiner zugreifen,über 1 € wachen die Ersten auf,ab 2-3 € wollen dann Alle dabeisein. ;-))))

Präsident Momis geht davon aus dass die BCA Review "By end of the year" gestartet sein wird.Vorbereitungstreffen wurden schon abgehalten,JSB Meetingskonsultationen finden statt u. nächste Woche soll sich Momis mit Kauona (Meekamui- u. Morumbi) treffen zwecks eines Kompromisses zur Verabschiedung der Mining-Policy.

Kommt es dabei zu einem Arrangement,dann gäbe es beim für Juni geplanten JSB Treffen für PNG keinen Grund mehr die Miningpower nicht zu übertragen.

In der dann folgenden 6 monatigen Vorbereitungszeit zur BCA Review dürfte BOC ihre Büros in Arawa beziehen u. Experten zur Mine entsenden denn ohne genaue Kenntnisse der aktuellen Situation Vorort dürften sie kaum mit den Verhandlungen beginnen.Im nächsten Schritt sollten dann die von Peter Taylor schon angekündigten Explorationen folgen, um die Mineralisierungen zum bloc cave mining zu definieren.

http://www.abc.net.au/news/201…-bouganville-mine/4713858

Jemima Garrett for Pacific Beat

Updated
6 hours 16 minutes ago

Hundreds of landowners from around the Rio Tinto mine
site in Papua New Guinea's island of Bougainville are expected to meet
Monday, for the first formal consultation on re-opening the mine since
the civil war ended 12 years ago.
This week's mining forum in the
town of Arawa comes after three years of lead-up talks and is part of a
series of forums across the island.
The Autonomous Bougainville
Government (ABG) has held three previous mining forums, but this is the
first time landowners from the mine area have been formally consulted.
Deputy
chairperson of the Panguna and Affected Resource Owners Association,
Theresia Jaintong, says many in the community will be attending.
"All
the landowners and all the Council of Elders, the chiefs, the women,
the churches, the disabled, the youths, everybody will be there," she
said.
"It is the way forward for the Panguna mine to be re-opened and also the people must speak.
"We
will encourage them to speak positively about what they think, and with
a lot of common sense, looking into the future for the younger
generation."
Local impacts
The Panguna copper mine was opened under a colonial era agreement, with little regard for local residents.
Bougainvilleans are still suffering from the impact of the mine and its closure during the civil war.
This time as they consider re-opening the mine, locals are making sure they are involved in the decision process.
AGB mining minister, Michael Oni, told Radio Australia he has high expectations for the consultation meeting.
"I am expecting that proper consultation must occur," he said.
Mr Oni says he hopes the discussions will result in benefits for the Bouganvillean people, government and infrastructure.
"Also there should be some kind of...future generation fund to be allocated to support the people, especially children."
Ms Jaintong says many people are still misplaced from their villages after the war.
"Part
of our land we are just occupying in the meantime before this process
taking place so we can be re-integrated back into the village some way
or the other," she said.
The Panguna mine was the PNG government's
major source of revenue when the country became independent in 1975 but
landowners were unhappy with the way benefits were shared.
This
anger eventually developed into a decade-long civil war which brought
Bougainville to its knees and left more than 10,000 people dead.

Topics:
mining-industry,
bougainville,
papua-new-guinea,
pacific

http://www.postcourier.com.pg/20130611/news.htm

Landowners reach agreement to re-open giant gold-copper mine

By ROMULUS MASIU

in Arawa

AFTER
24 years, the leaders, landowners and people of Panguna mine in
Bougainville have reached some sort of agreement and are ready to sit
down, talk and negotiate for the re-opening of the defunct giant
copper-gold mine.
Landowner discontent over equitable distribution
and sharing of Panguna mine benefits led to PNG’s first serious
Bougainville Crisis in May 1989 that went on for about 10 years.
It left about 20,000 dead, including men, women and children, as well as PNG soldiers, policemen and correctional officers.
According
to reports from Panguna, the landowners are now ready to kick-start
dialogue and negotiations with all the stakeholders, including the
Autonomous Bougainville Government (ABG) led by President Fr John Momis,
the PNG Government and BCL for the re-opening of the copper-gold mine.
Its
is yet to be confirmed how widespread this consensus for negotiations
fore the re-opening of the mine is, but it appears that Panguna
landowners are now speaking the same language as pro-ABG veterans and
ex-combatants
of Ishael Toroama and his group.
But one thing is
certain - they want all outstanding issues to be sorted out, including
bel kol or compensation payments, customary obligations for blood shed
and lives lost during the 10 year crisis from May 1989 to August 2011
when the final peace agreement was signed in Arawa when Sir Julius Chan
was Prime Minister.
What is coming out of Panguna is good news for
everybody, especially for Dr Momis and the people of Bougainville who
need money to develop the province as it moves forward to the scheduled
referendum in 2015 when the people will have a say in determining their
political destiny.
It also comes at a time when about 10 Chinese and
US businessmen who are now in Buka for talks with Dr Momis for possible
investment in Bougainville.
The Panguna landowners have elected
Lawrence Daveona as chairman of the Special Mining Lease Association,
one of six associations that make up the Umbrella Panguna Landowners
Association. Mr Daveona automatically becomes chairman of the umbrella
association.
The umbrella association has not been registered and Mr Daveona has undertaken to do have it registered as a matter of priority.
The
full executive of the umbrella association is chairman Mr Daveona,
deputy chairman Richard Avero, treasurer Tony Tapakau and secretary
Dennis Nasia.
The association executive met yesterday (Monday) and
resolved that they will be the sole representative of their people in
any talks with ABG, the national government, BCL and any other
interested investor.
Chairman Daveona, who comes from the same
village of Guava as late Francis Ona who instigated the 10 year crisis,
thanked the landowners for electing him chairman and told them he will
make the re-opening of the mine his priority.
“I will fight for what
is best for the landowners and for all the people of North, Central and
South Bougainville, especially those who died and suffered during the
Bougainville Crisis,” he said.