https://abg.gov.pg/index.php?/news/read/presidential-speech-on-the-acting-chief-secretary-kearneth-nanei-swearing-in

Sieht so aus als ob die nach 35 Jahren wirklich vorhätten endlich in die Pötte zu kommen. ;-)))

https://www.thenational.com.pg/minister-rejects-comments-on-bougainville-referendum/

https://www.nasdaq.com/articles/top-5-asx-copper-stocks-of-2024

• https://stockhead.com.au/resou…-stock-is-up-100-in-2024/
  
  Bougainville Copper shares up 100% YTD as new MD appointed to steer redevelopment of once world-leading Panguna copper mine
• Materials stocks hammered as ASX 200 cops a whack
• Dalian iron ore futures fall as China port stockpiles reach 13 month high

One of Australia’s most infamous mining stocks has had new life breathed into it with the appointment of a new managing director and CFO.

Bougainville Copper (ASX:BOC) is up an astonishing 100% so far this year in a market where most exploration stocks have tanked.

The silver lining which investors have seen is the potential to reopen the Panguna mine in Bougainville, mined between 1969 and 1989 by a subsidiary of Rio Tinto (ASX:RIO).

At one point the largest open cut copper mine in the world, a dispute over environmental damage and racism at the mine merged with Bougainvillean nationalism and morphed into a civil war that last almost a decade.

The PNG Government has now agreed to transfer its 36.4% share free of charge to the Bougainville government and people who between them will hold a 72.8% share in BOC.

The appointment as MD of David Osikore, independent director since 2019 and former MD of Pacific Niugini Minerals, and Johnny Patterson Auna as CFO is the latest step in efforts to return Panguna to operation for the first time in over 35 years.

The Autonomous Bougainville Government granted a five year extension to the Panguna exploration licence in February this year, ahead of planned pre-feasibility studies.

Announcements that senior managers had been appointed saw BOC’s shares lift 7.2% early today before falling back to a 1.45% gain at a market cap of ~$280m.

But hope springs eternal and it is not the first time BOC has gone on a run in recent years.

Its share price surged in February 2022 on media reports that Panguna clans and the Autonomous Bougainville Government were working on a process with landowners to reopen the mine, then again in early February after the renewal of the exploration licence was confirmed.

https://quoteapi.com/resources/da9866271f9d0071/announcements/boc.asx/3A638522/BOC_Senior_Company_Appointments.pdf

The PNG national government is committed to the imminent transfer of its 36.4 percent share in BOC, free of any charges, to the ABG and people of Bougainville. Thiswill mean, that for the first time in BOC’s 55-year history, the company will be majorityowned by the government and people of Bougainville, who will hold a 72.8 per centshare

1969

The Bougainville Copper Project

The mining. operations of Bougainville Copper Pty Limited are located at Panguna on the Island of Bougainville which is part of the Territory of Papua and New Guinea. Mineralisation in the Panguna area was first established by C.R.A. Exploration Pty Ltd in 1964. Exploration work since then has established ore reserves estimated to be 760,000,000 tons of.0.47% copper and 0.4 dwt./ton gold. An economic feasibility study completed in July of this year has enabled a decision to be made to proceed with a major mining operation. The ore will be mined by open cut methods and will be treated in a conventional concentrator with a nominal capacity of 90,000 short tons per day. The concentrate will be pumped as a slurry through a 15 mile long pipeline to a port established on the east coast where it will be filtered and dried ready for export. Other supporting facilities for the mine include two towns, a 135 megawatt steam power station, and access roads.

Bin auf das naechste JSB Meeting gespannt (early this year)

Sollten die BOC Shares an Bougainville transferiert werden duerfte das als Startschuss zur Wiedereroeffnung gewertet werden

https://www.looppng.com/png-ne…kopo-consultations-100368

AU intraday bis auf 70 ct

update von Swen zu BOC

https://www.undervalued-shares…b56d1-868afbfbf0-81769849

Panguna Landowners call for their 17.4% in BCL shares

https://www.rnz.co.nz/internat…nguna-re-opening-brighten

21 January 2021 210121 NINE LAND OWNER GROUPS WANT PANGUNA MINE TO RE-OPENED NEW DAWN FM NEWS Patrick Heromate a leader and member of one of the nine Panguna Landowners Association members groups says he and his association had a meeting on Monday and have come up with some ways in which Bougainvilleans can help our government gain revenue for our region. Mr Heromate says this is a message to the ABG government. The nine landowners say they would like to meet with the ABG and talk about re-opening Panguna mine. And discuss some ways in which this can be done without involving foreigners. According to him there are terms & conditions that the ABG government must comply with. He says this is not going to be easy and the final decision must not come from only one person but from everyone. Moreover, if the mining does re-open, they want locals to be engaged in working and not getting outsiders to work for us. This way, people can benefit from the mine. Mr Heromate also says the association does not want what repetition from 1987 but a change for Bougainville. And most importantly, they want the BCL Company owned by Bougainvilleans start up the re-opening process.. These landowners say they want Bougainville to be ready for Independence and this is one way. They also call on the government to start preparing educated people to help operate the mine. Ends………

https://postcourier.com.pg/bcl…ack-of-referendum-period/

2 AUD?

Referendum zur Unabhängigkeit ist am WE gestartet u. dauert bis zum 7 Dez. Allgemein ist davon auszugehen dass die Bouggys für die Unabhängigkeit stimmen werden. Momentan wird das ABG noch von PNG alimentiert. Um finanziell auf eigenen Füssen zu stehen führt kein Weg an der Wiedereröffnung der Pangunamine vorbei.

Heute mit + 1.5 Mill. Shares das grösste Vol seit Jahren in AU

https://stocknessmonster.com/quotes/boc.asx/

Bougainville President John Momis said at the weekend the agreement would have paved way for further steps in preparations for the Panguna mine reopening.
He said that is because they have other factions who came into the plsy of things that perhaps caused difficulties for themselves. They have asked the ABG to give them time to sort themselves out and come back to us and then we will proceed from there.
“And we have agreed and are giving them time to organise and hopefully the landowners who have prevented us will come to a consensus to the mine opening because not opening the mine may not be in the best interest of Bougainville or in the best interest of landowners or in the best interest of anyone,” Mr Momis said.
He said the government was committed to ensure that revenue raising is possible so that Bougainville could not reach fiscal self-reliance level and independence cannot happen without Panguna mine opening and even if the national government and ABG agree for Bougainville to be independent then due to the current financial situation, that will not be possible.
“We may agree on independence but it may take another five or six years or even ten years to actually do the things necessary.
“I was surprised because I thought that enough was done to secure the commitments but I am not disappointed in a sense that this has happened before and it has happened in an area consistently from Central Bougainville that is a worry because other regions the people are much more reasonable and amenable to discussions and negotiations,” he said

<p>
</p>

[Blockierte Grafik: http://www.pmc.aut.ac.nz/sites…n%20protest%20500wide.jpg]Mothers and daughters at the Panguna mine protest on Friday. Image: Loop PNG
Sunday, June 18, 2017
Item: 9907
ARAWA (Asia Pacific Report/Pacific Media Watch Panguna women protesters have blockaded the copper mine to prevent the signing of a memorandum of understanding by the Bougainville government with the company and also won a court injunction.
[Blockierte Grafik: https://asiapacificreport.nz/wp-content/uploads/2017/05/PNG-Elections-logo-300wide.png]
Justice Kandakasi ordered in the Waigani National Court on Friday that the MOA cannot be signed until further notice.
Philip Miriori, chairman of the Special Mining Lease Osikaiyang Landowners Inc., welcomed the restraining order.
He said it was good to see that protection from “unjust deprivation of property” under Section 53 of the Constitution of PNG – and preserved in the Constitution of the Autonomous Bougainville Government (Section 180) as adopted by the Bougainville Constituent Assembly at Buin on 12 November 2004 – was being enforced.
The Bougainville Freedom Movement also congratulated the women of Bougainville and their supporters for stopping the Bougainville government on Friday from signing a new agreement for Bougainville Copper Limited (BCL) to reopen the Panguna mine.
[Blockierte Grafik: https://asiapacificreport.nz/w…6th-June-2017-300tall.jpg]The National Court order supporting the Panguna women landowners seeking to block Bougainville Copper Limited. Image: PMC
“The handpicked BCL landowners who were supposed to sign the agreement for the company were brought to a halt, thanks to the road block protest held on Friday,” said BFM’s Vikki John.
The Panguna mine was abandoned by in 1989 after frustration by landowners erupted into a decade-long armed uprising and a push for Bougainville independence from Papua New Guinea.
‘Seven sisters’ roadblock
Loop PNG reports: “The impenetrable roadblock was led by women chief from the ‘seven sisters’ areas in Central Bougainville.
The mothers, together with their daughters, youths, ex-combatants and Bougainville hardliners, set up the roadblock, which started on Thursday night and lasted throughout Friday. They refused to move for passing vehicles or negotiating team.
“Their message was simple: ‘No BCL, No Mining’.
A woman chief from Guava Village, Maggie Mirau Nombo, and a chief from Arawa and Pirurari, Kavatai Baria, said their land was their ‘Mother’, who provided their everyday needs and no one was allowed to exploit her.
“Chief Maggie, who is a former primary school teacher, said how could those wanting to sign the MOA conduct such an act of injustice?
“She said this would never happen again because they had suffered enough from all the injustice that had been brought on by BCL when it was in operation.
“She said God had heard the cry of the Bougainville women, and justice would prevail:
“As long as I am the Chief from Panguna and Guava Village and owner of my land, BCL is not welcome. This is the company that has killed our sons and daughters. ABG has to stop ignoring the cries of the women and take note that BCL is never allowed to come back to Panguna, and this is final and it is not negotiable,” she said.
[/quote]“Chief Kavatai also reminded everyone that ‘when God closes a door, no one can open it, and if God opens a door, no one can close it’.
“Panguna Mine was closed by God and if anyone was trying to reopen the mine when it wasn’t God’s timing, then they had better watch out because they were fighting against a big God.
“Because of the strong opposition by the women, youths and Bougainville hardliners, the high-powered ABG delegation, led by President John Momis, returned to Buka on Friday afternoon without signing the MOA.”
The Papua New Guinea 2017 general election is June 24 until July 8.

• Panguna women landowners say BCL didn’t consult and ‘isn’t welcome’

Momentan sieht es ja sehr gut aus, am 16 soll das MoA von allen Parteien unterzeichnet werden.

Kurs u. Vol steigen rasant an.

Vielleicht endlich der Durchbruch. ;-))

https://www.facebook.com/group…leforum/1489213817810284/

Talks on Bougainveille copper mine looks good

Bougainville Copper
Limited (BCL) has welcomed reports of strong support among Panguna
landowners and the wider community for its participation in a new mining
project.

June 13, 2017

Bougainville Copper Limited (BCL)
has welcomed reports of strong support among Panguna landowners and the
wider community for its participation in a new mining project.
BCL chairman Robert Burns said the Autonomous Bougainville Government (ABG)
had confirmed that ministerial forums held at Panguna and Arawa last
week were well-attended and had demonstrated majority support.
“We are very encouraged by these developments, which reflect the levels of
support, we have experienced on the ground during our own direct
interactions with landowners and other stakeholders,” he said.
“Notwithstanding, we of course acknowledge that there are people with differing views,
and these are to be respected. We are very committed to community
engagement and invite reasonable dialogue.”
“We also look forward to the prospect of a Memorandum of Agreement
being finalised between landowners and the ABG.”
“This would open the way for further steps to be taken towards realising the
longer term goal of renewing mining,” Mr Burns said.
Through its ongoing engagement with landowners in mining areas, BCL also continues
to make progress toward finalising land occupation fees and finish
payments outstanding from 1990. In addition, a joint steering
committee is being formed with the backing of the ABG and national
government. It will be instrumental in recommending future steps to
overcoming hurdles and will be representative of all key stakeholders,
including landowners and women of Panguna.“
I am also pleased to confirm that we are in the process of finalising
arrangements to establish a full-time presence in Bougainville with the
recent appointment of a locally-based manager and the opening of an
office in Buka imminent,” Mr Burns said.

postcourier.com.pg/talks-bougainveille-copper-mine-looks-good/

http://www.radionz.co.nz/inter…alk-mining-with-rio-tinto

Updated at 6:29 am today

Bougainville's re-elected president says one of his
first moves will be talking with Rio Tinto on whether it is interested
in re-opening the Panguna mine.

John Momis won a resounding victory after counting in the autonomous Papua New Guinea region was completed at the weekend.

Bougainville is to conduct a vote on possible independence before
2020 and Mr Momis says mining is the only way to quickly achieve the
necessary fiscal self-reliance required before then.

He wants to talk with Rio Tinto first because they ran the Panguna
mine, through Bougainville Copper Ltd, before the Bougainville Conflict.

"Hoping we can come to an agreement to start taking some practical
steps to re-open the mine, but if Rio Tinto chooses not to engage us
then we have other options to look at."

President elect John Momis.

Rio Tinto has indicated it is reviewing its position after the outgoing government passed a new mining law.

https://ramumine.wordpress.com…-in-play-government-says/

http://210.193.160.7/netwealth2/depth/boc

President Momis has been informed of whatever talks we have with
other shareholders of BCL, only because the State is a second biggest
shareholder. My statement in Arawa and Panguna remain very relevant
today, that there are no mine opening talks until landowners and the
people of Bougainville are ready.
President Momis should stop blaming the Papua New Guinea
Government for all that is going wrong in Bougainville and accept some
responsibility as he has been in charge for many years now.”

Comment from the Prime Minister, Hon. Peter O’Neill CMG MP,
following the release of a statement by President John Momis of the
Autonomous Region of Bougainville relating to Bougainville Copper Limited (BCL) shares:

“The Autonomous Bougainville Government (ABG) has been deeply
concerned at the possibility that Rio and PNG might be contemplating
trading shares in BCL. The only valuable asset that BCL has is its
limited rights over minerals at Panguna. Trading in Bougainville’s
minerals between Rio and the Australian colonial Administration occurred
in the 1960s, without any reference to Bougainville. We cannot allow a
new form of colonial dealings in Bougainville’s resources to occur.”

Full Momis statement here

President John Momis has called for the Prime Minister
O’Neill and the global mining giant , Rio Tinto, to reveal any dealings
between PNG and Rio Tinto in Rio Tinto’s shares in Bougainville Copper
Ltd (BCL). Rio Tinto is the majority shareholder in BCL, with 53 per
cent equity. In August 2014, Rio Tinto announced a review of its
investment in BCL.

“The Government of Papua New Guinea is a shareholder in Bougainville Copper Limited. Mr O’Neil went on to say

“We have had discussions with other shareholders of BCL on a range of
issues including the reopening of the Mine and disposal of shares by
existing shareholders including Rio Tinto.

“There are no secret deals and we are disappointed that President
Momis is trying use this issue at the time of the election that is
taking place today.

[Blockierte Grafik: https://bougainvillenews.files.wordpress.com/2014/12/photo2.jpg?w=1202&h=684]

My statement in Arawa and Paguna remain very relevant today, that
there are no mine opening talks until landowners and the people of
Bougainville are ready.

Momis wants to re-open Panguna mine

Published: 14 April 2015

Es wird spannend, Steuerstreit mit PNG beigelegt,Rückzahlungszusagen,Übernahmegerüchte,Versöhnungsfeiern,Präsidentschaftswahlen,Unabhängigkeitsbestrebungen Bougs.
Ein kontinuierlicher Vol. u. Kursanstieg über die letzten Wochen lässt eine positive Stimmung erkennen. Die Tiefs sollten überwunden sein.

BUKA, (PNG LOOP) - If Bougainville’s caretaker president John
Momis is re-elected in next month’s elections his government will
immediately begin discussions on re-opening the Panguna mine.

The huge mine was the catalyst for the civil war that engulfed the Papua New Guinea autonomous region for much of the 1990s.

Momis says a resumption of mining is the only way Bougainville can
become economically viable and meet the conditions for a referendum on
independence which must be held by 2020.

He says with the new Mining Law now in place guaranteeing local
landowners control of their resources he is confident Bougainville can
safely resume mining.

“After the election we will be taking immediate steps to talk to Rio
Tinto [the parent company of Bougainville Copper Ltd, which had operated
the Panguna mine]. We will find out whether they are interested. If
they are not we will try another company. Look you know, we can try
others, said Momis

“The Autonomous Bougainville Government (ABG) has been deeply concerned
at the possibility that Rio and PNG might be contemplating trading
shares in BCL. The only valuable asset that BCL has is its limited
rights over minerals at Panguna. Trading in Bougainville’s minerals
between Rio and the Australian colonial Administration occurred in the
1960s, without any reference to Bougainville. We cannot allow a new form
of colonial dealings in Bougainville’s resources to occur.”

President
John Momis has called for the Prime Minister O’Neill and the global
mining giant , Rio Tinto, to reveal any dealings between PNG and Rio
Tinto in Rio Tinto’s shares in Bougainville Copper Ltd (BCL).

Rio
Tinto is the majority shareholder in BCL, with 53 per cent equity. In
August 2014, Rio Tinto announced a review of its investment in BCL.

The President said:

“For
over a year now, Prime Minister O’Neill has expressed interest in the
National Government taking control of BCL. He proposes that PNG operate
the Panguna mine in Bougainville in the same way it operates the Ok Tedi
mine. The Prime Minister expressed that view to me early in 2014, and
to members of the Bougainville group known as the Me’ekamui Government
of Unity.

“In 2014 I made two strong statements against the Prime
Minister’s proposal, the most recent dated 11 December. In that
statement, and in a letter to the Prime Minister of 11 December, I made
it clear that all decisions about mining in Bougainville must be made by
the Autonomous Bougainville Government. I also spelt out that it would
be completely unacceptable to Bougainvilleans for the National
Government operate the Panguna mine.

“The
Prime Minister replied in a letter dated January, but not received by
me till late March. Amongst other things he said the National Government
had no intention of taking control of the Panguna Mine.

“But as
yet unconfirmed information available to me indicates that the National
Government may be planning to purchase the Rio Tinto 53 per cent share
in BCL. The National Government has always held 19.3 per cent of the BCL
shares, and so if it takes Rio’s shares it would own over 72 of the
equity.

“On 20th March, I wrote to BCL, seeking advice from
either BCL or Rio Tinto, about the whether such share transactions
between Rio and PNG were under discussion or preparation. I received a
brief reply from Rio, addressed to BCL but passed on to me, dated 23
March.

The letter simply stated that ‘Rio Tinto … was reviewing
its options with respect to its stake in Bougainville Copper Limited.
This review is continuing.’

“The Autonomous Bougainville
Government (ABG) has been deeply concerned at the possibility that Rio
and PNG might be contemplating trading shares in BCL. The only valuable
asset that BCL has is its limited rights over minerals at Panguna.
Trading in Bougainville’s minerals between Rio and the Australian
colonial Administration occurred in the 1960s, without any reference to
Bougainville. We cannot allow a new form of colonial dealings in
Bougainville’s resources to occur.

“Secret dealings of this kind
are completely unacceptable to the people of Bougainville and so the
ABG. It would be equally unacceptable to the people of Bougainville for
the National Government to try to take control of Panguna. As I said in
my public statement in December: ‘Any attempt by the National Government
to control mining in Bougainville could cause Bougainvilleans to lose
all faith in the BPA (Bougainville Peace Agreement). 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.’

President Momis said that as a
result of the gravely serious issues involved, he was now calling on
both the Prime Minister and Rio Tinto to clarify the position: ‘They
must state publicly and clearly whether or not either of them is
planning, or is in 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’.

The
President also said that as a result of ABG mining laws passed in
August 2014 and March 2015, the only legal right BCL has in Bougainville
is an exploration licence over the former Special Mining Lease at
Panguna. He said:

“That exploration licence is intended to put
BCL in the same position as any exploration licence holder that has
completed exploration, and wants to apply for an negotiate about
possible grant of a mining licence. It gives BCL a right to negotiate
the conditions on which it might be allowed to resume mining, but only
if it gets permission from both customary landowners and the ABG.

“It
is normal for mining laws to allow withdrawal of an exploration licence
if there are any commercial dealings in the licence in the first two
years after it is granted. In passing the Bougainville Mining Act 2015
in March, the ABG House of Representatives amended section 112 of the
Act to make it clear that dealings in more than 25 per cent of the
shares in any company holding an exploration licence will also allow
withdrawal of the licence.

“Both Rio Tinto and the Prime Minister
need to be aware that transfer of Rio’s shares in BCL in the two years
since BCL’s exploration licence came into operation, in August 2014,
will result in action to withdraw that licence. In the meantime, I call
on them to clarify the issues I am raising in this statement”

Chief John. L. Momis

Dazu der chin. Übernahmeversuch von Frieda-Riverr

April 15, 2015 · 1:23 pm

Foreigners barter for control of Frieda river mine while landowners have no say

Big profits to be made in this foreign auction of PNG resources – but none of that money will filter back to PNG…
Will the Chinese or the Australian's get to destroy the Frieda river?

Will the Chinese or the Australian’s get to destroy the Frieda river?

PanAust Rejects New A$1.1 Billion Guangdong Offer as Too Low

James Paton | Bloombeg

PanAust
Ltd. rejected a new bid from China’s Guangdong Rising Assets Management
Co. that valued the copper producer at A$1.1 billion ($840 million) as
too low.

Guangdong Rising, PanAust’s largest shareholder, should
pay more than A$1.71 a share if it wants to boost its ownership, the
Brisbane-based company said Wednesday. PanAust rose as much as 0.9
percent to A$1.755 in Sydney trading.

“With PanAust’s share price
now trading above the GRAM offer price, it suggests that the market
also agrees with this view,” according to the statement. The PanAust
board is open to talking with the state-owned Chinese investor to
determine whether the two sides can agree on a price, the company said.

Guangdong’s
cash offer, 40 percent higher than PanAust’s share price before the bid
last month, is “unconditional and not subject to the board’s
recommendation,” the Chinese company said in a separate statement.

The
cash bid in March was unsolicited and made when both the producer’s
shares and copper and gold prices were trading at or near five-year
lows, PanAust said at the time.

PanAust, seeking to develop one
of the world’s largest undeveloped copper and gold deposits at Frieda
River in Papua New Guinea, last year rejected Guangdong Rising’s
previous offer of A$2.30 a share