Trading Bougainville Copper (ADRs) 867948

Tony Reagan is in fact in Arawa to discuss the Traditional Bill with stakeholders.  Dont know much about his program. Just heard through the grapevine that his party got denied access past the Morgan Junction Road block.

...zu Noah Musingku

und die OXFORD BUSINESS GROUP beschäftigt sich mit Panguna!

Das und mehr auf www.bougainville-copper.eu

However, with Bougainville’s independence remaining tied, at this juncture, to Panguna, the question of whether the island can operate as an independent state remains the subject of heated debate.
Commenting on the issue in an interview given to the Australian media, Taylor questioned whether independence was the best option for Penguna. “If Bougainville is the world’s newest nation, with no track record of managing projects, as opposed to PNG which has a long track record, it’s going to be easier to raise the money if Bougainville doesn’t go down the independence route,” he said.
While the nature of PNG’s partnership with Bougainville has yet to be defined, investors will watch with interest to see how relations between the governments in Port Moresby and Arawa develop, against a backdrop of untapped minerals.

www.oxfordbusinessgroup.com/...tends-olive-branch-bougainville

Papua New Guinea extends olive branch to Bougainville
Papua New Guinea | 20 Feb 2014

A landmark visit in January by Papua New Guinea’s Prime Minister, Peter O’Neill, to the semi-autonomous island province of Bougainville, has paved the way for reconciliation and renewed commercial interest in the region.

Bougainville’s name remains synonymous with the controversial Panguna Copper Mine, which closed in 1989, after protests over environmental damage and royalty distributions escalated into a decade-long civil war between Papua New Guinea (PNG) and the island.

Owned by Bougainville Copper Limited (BCL), whose largest shareholder is Rio Tinto, Panguna was the world’s largest open air copper mine in its heyday, making the island one of PNG’s most advanced provinces. Yet its autonomy and distance from the mainland has led to Bougainville capturing little, if any, of the trickle down from PNG’s liquefied natural gas (LNG) windfall, with development arguably reversing on the island of around 200,000 people during the past 15 years.

Investment boost

O’Neill’s visit, which marks the first by a serving prime minister since a ceasefire was signed in 1998, looks set to usher in a new era of relations and investment. Breaking arrows in a traditional reconciliation ceremony held jointly with Autonomous Bougainville Government (ABG) president, John Momis, O’Neill announced a $590,000 development package for the island, while promising to invest $2.14bn in the province over the next five years.

Bougainville’s needs echo PNG’s own development priorities, with infrastructure, services, health care and employment all featuring high on the list.

O’Neill’s development package includes funds for roads around the provincial capital, Buka. During the trip, the minister for state-owned enterprises, Ben Micah, who accompanied O’Neill, also announced plans to reopen Bougainville’s international airport, Aropa.

The government hopes that flights operated by the national carrier, Air Niugini, will be re-established within three months, paving the way for the resumption of international connections to the Solomon Islands. The plan to reopen the airport is expected to improve the delivery of goods and services, while boosting the local economy.

Panguna’s future

The measures are widely regarded as the first steps in a programme of reconciliation, setting the stage for future dialogue.

The ABG, which is now officially recognised by many governments, has made overtures towards resuming operations at the Panguna copper mine on its own terms. While an agreement has yet to be made, BCL chairman, Peter Taylor, recently proposed a five-year timeline leading to the reopening of the mine, which dovetails with an impending independence referendum to be tabled in Bougainville between 2015 and 2020.

Bougainvillians have long identified much more strongly with their South Pacific, Melanesian neighbours than PNG.

The desire to be seen as distinct from mainland PNG was a major source of tension over how earnings from the Panguna mine were distributed and also lies at the root of the independence movement. Before the mine’s closure, Bougainville received 1.23% of the government’s 5% royalty commission.

Economy versus independence

Yet without mining revenues, Bougainville’s economy has stagnated, relying, in part, on assistance from the central government. Resurrecting its mining operations is seen as Bougainville’s only means of achieving independence.

However, a move to reopen Panguna will not be straightforward. Hostility is expected from landowners, while feelings still run high among those who suffered during the war.

Despite the challenges that exist, the fact that the BCL remains listed and is still trading on the Australian Stock Exchange 25 years after the mine closed has instilled optimism in some that the mine could reopen.

However, with Bougainville’s independence remaining tied, at this juncture, to Panguna, the question of whether the island can operate as an independent state remains the subject of heated debate.

Commenting on the issue in an interview given to the Australian media, Taylor questioned whether independence was the best option for Penguna. “If Bougainville is the world’s newest nation, with no track record of managing projects, as opposed to PNG which has a long track record, it’s going to be easier to raise the money if Bougainville doesn’t go down the independence route,” he said.

While the nature of PNG’s partnership with Bougainville has yet to be defined, investors will watch with interest to see how relations between the governments in Port Moresby and Arawa develop, against a backdrop of untapped minerals.

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He said that the control measures are to get rid of conmen like the American citizen who brought in millions of illegal money into the country.

He said the only legal tender in the PNG is the kina and the illegal money brought in by the American has totally different features. "These illegal money were brought in by the American citizen for so-called King in Siwai. He has been arrested and will be trialled according to the country’s laws," O’Neill said.

“We are not trying to stop genuine people like missionaries and business people but want to get rid of so called conman.”

O’Neill also presented his report on the peace and reconciliation visit to Bougainville this month and was praised for his government’s initiatives there.

   Rowan Callick
   February 22, 2014 12:00AM


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WHEN Papua New Guinea Customs staff at Jackson’s airport in Port Moresby routinely scanned a briefcase owned by corporate-looking American citizen Barry Webb a few days ago, they discovered it was bulging with brand new bank notes.

And not just any old kina, nor US dollars. The notes, whose value totalled 1.6 million, were not in any known denomination. They were in Bougainville kina.

ramumine.wordpress.com/2014/02/22/...ws-to-end-fly-in-fly-out/

....lästert gegen das ABG,MRA u.........

"The two staff are Leslie Siowi, a graduate environmental scientist and Simon Jaintong, a communications and project liaison officer."



ABG Officials racist online rant

by ramunickel
ramumine.wordpress.com/2014/02/23/...cials-racist-online-rant/

It has been a tough year for the Autonomous Bougainville Government, as their castle made of sand gradually slips into the sea. The ‘world first’ legislation they tried to sneak through parliament, was shown to be a sham. And up in Panguna, landowners, ex-combatants, and Mekamui reps, have called President Momis out on his huge lie, that 97% of landowners support BCL’s return.

‘Better the devil you know’ claims Momis… didn’t the people sacrifice to kick the devils out?

But it appears all of this has become too much for one ABG Mining Department official, Simon Jaintong. Jaintong is blaming all the government’s woes on one ‘agitator’, the respected UK academic, Dr Kristian Lasslett, who has published widely on Rio Tinto’s criminality, and is considered a leading authority on corporate crime.

In an online tirade, Jaintong used every trick on the book to deflect his own government’s shortcomings onto Dr Lasslett. Jaintong slams Lasslett as a ‘white Australian’. He then claims: ‘If you feel so high and mighty about bringing BCL to justice why don’t you take it up in your own backyard (Australia) or in your own forum. I Hear the abos* are getting ripped off by the mining cos too!’.

Jaintong continued the tirade by suggesting Dr Lasslett is on the payroll of some unknown actor trying to destabilise Bougainville: ‘Are you getting paid to poke your nose into our affair? Your laudable beef with Mining Companies - is it a front?’.

He then issues a contradictory warning, ‘The critical mass is here on the ground without access to your biased views. These are the people I deal with. The dissenting voices you speak of are of those who either have preconceived ideas about mining, or are not well informed at all. Our biggest failure in the ABG is that we are not reaching the right people with the correct information thats why you still have a following’.

Jaintong concludes by blaming PNG Mine Watch (this blog) on Dr Lasslett. Sorry Simon that is not the case. This blog is entirely independent of any academic or commentator and most of what we publish comes from the people you claim are being led astray by some outsider - they are the ones doing the leading.

Its time for the ABG to stop the blame game, pinning all its woes to those outside forces evidently ‘sticking their nose in’. When the President Momis and the ABG sold Bougainville down the river to Rio Tinto, that’s when they lost their legitimacy in the eyes of the people who fought to make the ABG what it is today.

Come down and listen to the village people. They will tell you their feelings. They are not stupid and don’t need education. It is ABG officials like Jaintong, which needs some education and there are plenty of teachers up at Panguna ready to tutor them.

* ‘Abos’ is a racist term used in Australia to ridicule indigenous people.

Nuff said.. ;-(((

24.02.2014
Source: Bougainville24

Landowners lead the way in Panguna discussions

Bougainville Copper Limited (BCL) would only consider a return to operations at Panguna with the full support of customary landowners in the mine affected regions and the Autonomous Bougainville Government (ABG).
BCL believes it has strengthened its relationship with landowners through regular meetings and a shared responsibility as part of the Joint Panguna Negotiation Coordination Committee (JPNCC).
The JPNCC consists of representatives from landowners, ABG, Government of Papua New Guinea and BCL and meets approximately every six weeks. The last meeting was on Wednesday 22 January in Port Moresby
The terms of reference for the JPNCC includes environmental, social and economic baseline studies, as well as the vital customary process of bel kol.
The environmental baseline study has tremendous importance as it will help determine future implementation of environmental programs.
The current representatives of the mine affected landowners on the JPNCC are Theresa Jaintong, Lawrence Daveona and Bernadine Kiraa.
Throughout its history BCL has always strived for best practice in the resource industry.
Before the establishment of the Panguna mine, BCL reached the requisite agreement with the Government of PNG, however there was no ABG or landowners group to negotiate with at that time.
In the contemporary environment the landowners are, rightly, at the front and centre of discussions on a potential return to operations at Panguna.

"The current representatives of the mine affected landowners on the JPNCC are Theresa Jaintong, Lawrence Daveona and Bernadine Kiraa."

.............requirement won't dent tourism

Updated 24 February 2014, 19:07 AEST

The man in charge of promoting tourism in the Papua New Guinea island of Bougainville doesn't think new restrictions on visitors will affect the number of tourists.
Bougainville travel permission requirement won't dent tourism (Credit: ABC)

A recent incident in which an American man was caught trying to smuggle currency for a fictitious country into the island has promoted prime Minister Peter O'Neill to announce that foreigners wanting to go there must get clearance from both the national government and the Autonomous Bougainville Government.

But Lawrence Bellah, head of the Bougainville Tourist Office in Buka, tells Bruce Hill that should not put off genuine tourists, who he says are starting to visit the island in greater numbers.

Presenter: Bruce Hill

Speakers: Lawrence Bellah, Bougainville Tourist Office
Topics:

   Pacific
   Papua New Guinea

Gold und Silber führen - nach einem glanzlosen Jahr 2013 - die Performance-Hitliste aller wichtigen Anlageklassen mit jeweils zirka zehn Prozent Kursgewinnen an, stellt Robert Halver fest, leitender Kapitalmarktanalyst der Baader Bank. Als Gründe nennt er zunächst die bekannten Krisensymptome in der Eurozone. Ein Begründungs-Evergreen sei auch die blutarme Alternativanlageform "Zinsvermögen". Der entscheidende Treiber für Edelmetalle sei aber die Notenbankpolitik.

Diese sorgen nämlich laut Halver dafür, dass Gold und Silber nicht zu stark ansteigen. Denn ihre Finanzweltrettung sei auf Dollar, Yen und Euro gebaut. "Man stelle sich vor, der Friseur um die Ecke käme auf die Idee, als Lohn für Kurzhaarschnitte oder Dauerwellen statt Euro als Papiergeld Edelmetallunzen zu verlangen", so Halver. "Würde dieses Beispiel einer Alternativwährung Schule machen, wäre die bislang tatsächlich funktionierende geldpolitische Finanzweltrettung zukünftig ungefähr so erfolgreich wie Heizen im Winter bei offenen Fenstern." Also hielten die Notenbanken - obwohl die physische Goldnachfrage grundsätzlich robust sei - die Kurse von Gold und Silber mit ihrer Liquiditätskeule über die Terminmärkte unten. Vor diesem Hintergrund rechnet Halver mit einem Goldpreis von "lediglich" 1.400 US-Dollar zum Jahresende, Silber könnte ihm zufolge in die Richtung von 25 US-Dollar gehen.

Investoren brauchen Sitzfleisch

Beim Kurspotenzial von Gold und Silber sei Geduld gefragt. Immerhin aber erfüllten Gold und Silber schon heute ihre Werterhaltungsfunktion. Denn die langfristige Perspektive sollte nicht ignoriert werden. "Früher oder später werden wir für die geldpolitisch gekünstelte Stabilität der in Schuldenschönheit erstarrten Finanzwelt einen hohen Preis zahlen müssen", so der Analyst. "Leistung ohne Gegenleistung funktioniert in der Finanzwirtschaft nicht." Halver ist überzeugt, dass die Inflation irgendwann zuschlagen und die Sicherheit der Staatspapiere neu definieren werde. Gegen einen Edelmetallanteil am Gesamtvermögen von bis zu zehn Prozent sei ihm zufolge nichts einzuwenden.

OPINION
RP ECONOMY HALF FULL NOT HALF EMPTY
by: AMB. JOSE V. ROMERO, JR., PH.D
February 23, 2014

www.negroschronicle.com/web-archives/...ight=540&width=850

I left the country last month on my way to the Autonomous Region of Bougainville at the invitation of its President John Momis. During the 6 hour flight I had plenty of time to reflect on the process of development in the country – disappointed at the performance of the bureaucracy which I thought could have done much more to fully develop the potential of this country which has all the qualities to become a second if not first world economy.

I imagined what an accelerated physical infrastructure and social overhead development program could do. If we are growing at 7 percent with the least effort, how much more can we grow with the above! Move over SingaporeMalaysia,Thailand and even China I would say! But alas and alack we continue to fumble with the ball which limits our scoring abilities.

With these considerations at the back of my mind I stepped into the second class airport at Port Moresby which resembled any of our provincial airport. After a short hop to Buka the capital of Bougainville it was like I entered the Dumaguete airport whose passenger waiting shed was even less comfortable. At this point I began to miss the much maligned NAIA 1, 2, and three which seemed first class compared with what I was seeing. Ours was not too bad after all even if it suffers from comparison with Changi, Hongkong, and Narita etc.

The pristine beauty of the Bougainville countryside more than made up for the prom-diaccommodations of hotels in second class accommodations in this country. Even the best restaurants could not compare with our neighborhood restos in Pasig.At this point seriously began to miss home which is not so bad after allI thought.I began to believe that it’s more fun in the Philippines.

Now comes the report from foreign sources (not Malacaòan) that this economy is in the sweet spot due to several factors – macro-economic, demographic, better governance (with all its underachievement) etc.

On the macro-economic side even the most cynical oppositionist will have to agree on the adroit handling of the macro-balances – both the monetary and fiscal sectors.A low inflation rate has allowed for lower interest rates even as the budget (despite the PDAF etc,) has not bankrupted the country and has actually succeeded in narrowing the debt-to- GDP ratio. Asour overseas workers continue to pour into the country their hard-earned dollars our consumption driven economy continues to surge ahead.

Can you imagine what the economy would look like if we can increase agricultural productivity (stop importing rice!) and multiply our manufacturing establishments?Be that as it may what is perhaps the brightest spot in the economy is an expanding labor force which if properly trained and educated could provide all levels of skills that could act as a magnet for foreign investors, assuming we can keep wage rates at reasonable levels. On this score it is difficult to understand why the Malthusians and anti-natalist continue to harp on anti-population policies which have become the bane of developed countries in Europe, Japan, Singapore and even China. This can only be understood when one realizes that population control will reserve natural resources for the colonialists without any corresponding benefits to Third World Countries in the long run. Informatively, the pharmaceutical firms who are eyeing the 3 billion budget allocated by Congress for condoms and pills continue to fight the church on the issue of” reproductive health “for obvious reasons.I say again that this money would be better spent for the purchase of such medical hardware as dialysis, achines ct scanners and other hospital equipment not to mention the need for more hospitals for the hinterlands.

Before closing this page to get into the first world, we need to straighten out the bureaucracy first by making it cheaper and more efficient. We cannot solve the unemployment problem by adding more people to a government apparatus that is already top-heavy,extremely corrupt and inefficient.The trouble is that when the rank and file see that their bosses are making much hay while the sun shines they will start thinking that what is good for the goose is good for the gander!

Finally, if it were constitutional I would declare all government offices vacant- both elective and appointive and get rid of the Augean stables that is slowing down the progress of this country.

...soeben auf

www.bougainville-copper.eu  veröffentlicht!

BOC schließt in Sydney mit + 9 %

Positive dialogue between stakeholders including the Autonomous Bougainville
Government (ABG), the National Government of PNG, landowners, Bougainville
communities, ex‐combatants and BCL continues to advance the prospect of re‐opening the
mine.

Following the Prime Ministerial visit, ABG President John Momis re‐affirmed the high
priority that the ABG places on a re‐start of operations at Panguna.

The company continues to evaluate the findings of the “2012 Order of Magnitude Study”.  

The emerging results of this study broadly indicate that it would be economically viable to
redevelop the Panguna mine. Further commentary on developments in both the political
and fiscal environment surrounding the project is scheduled for the 2014 Annual General
Meeting in May.

Dazu noch Profit from ordinary activities after tax attributable to members
up 226.94% to 6,778 000

..... #nekro: Was will man mehr ;-)))

....mhhh vielleicht    3,95 Aus $ ???  



......schau´n mer mal.   ;-)))))))))))))))

361,793,000.00 PGK = 156,673,434.76 AUD  

361,793,000.00 PGK = 102,533,241.53 EUR

361,793,000.00 PGK = 140,195,467.67 USD

361,793,000.00 PGK =      25 €ct/share

...ist besser als runter bei kleinem Umsatz!

Market Depth for BOUGAINVILLE COPPER
as at 10:29:53 AM Thursday, February 27, 2014
BOUGAINVILLE COPPER Trade Summary - Status
      Last    Change         %    Volume    Trades      Open      High§Low
0.590  0.045 8.26 5,000 5 0.545 0.590 0.545
Last Traded 876 @ 0.59 - 10:29:50

....O.T. von PT zum GB, mit Vorankündigung also ;-)))))

...Keine Frage Kupfer wird kurzfristig immer gefragter werden ....

Milliarden für "Gigafactory"
Mega-Batteriefabrik soll Tesla Durchbruch bringen

Quelle : www.t-online.de/wirtschaft/unternehmen/...chbruch-bringen.html

Still up working on the draft advice for NEC on the "Re-opening of the Kieta (Aropa) Aerodrome Project" at the cost of K42 million. Its presentation today by Civil Aviation Minister received overwelming support from Economic Sector Ministers. Anyway, an NEC Decision is fort coming today afternoon (27 Feb, 2014). Best wishes to all Bougainvilleans, especially those in South and Central B'ville as they will now be able to cut costly trips to Buka Airport by road.

Nimmt der Kurs die 0,37 sehen wir ganz schnell 0,44 und gehen wir da rüber, sehen wir schnell0,55 und dann wieder einen Euro.
Könnte unabhängig von den News ein charttechnischer Selbstläufer werden,
weil der Boden um 0,30 sehr stark ist.
Nekro hat es ja bereits geschrieben, BCL hat 0,25€ pro Aktie an Guthaben auf dem Konto.
Nach unten ist der Kurs folglich abgesichert.
Aus Dieser Sicht ist BCL ein Optionsschein ohne Laufzeitbegrenzung und ohne Totalverlustrisiko.
Warten wir ab.