Trading Bougainville Copper (ADRs) 867948

Der Uebliche ;-)))))))))

Dazu gibt es leider noch keinen Kommentar in der PNG Presse.

Reaktion von Lawrence

VERY POSITIVE FOR PLA.

I will send some brief later.

Cheers

Ljd

In 2006 at the Pacific Islands Forum in Nadi, Fiji, he announced that the 2006 leaders summit would be the last that he would attend. After Fiji’s multi-party government was removed from power after its military leader Commodore Voreqe Bainimarama conducted a military coup, Sir Michael Somare decided to stay on. Instability in the Solomon Islands, and Australia’s aggressive pursuit of Solomon Islands favoured attorney general, Julian Moti, to face alleged child sex charges, may also have influenced Sir Michael’s decision.

He is considered by many as Melanesia’s stabilising elder statesman. But recent moves by Sir Michael’s government to stifle media debate and reports – debate that examined Chinese mining exploration and exploitation in PNG – created instability among his former supporters.

In May, Sir Michael apologised for referring to anti-corruption campaigners as ‘mentally retarded’.



pacific.scoop.co.nz/2010/07/...inisters-join-opposition-ranks/

200710FOREIGNORS SCREENED

By Aloysius Laukai

All Foreigners involving in Business activities on Bougainville will be screened following a new directive from the ABG President JOHN MOMIS.

President JOHN MOMIS, today expressed deep concern about the increasing number of foreigners involved in unapproved commercial projects on Bougainville.

He said that the situation was particularly serious in Central Bougainville with such projects like the sales of scrap metals from BCL Properties, Sales of Oil from the Loloho Power house and Alluvial Gold mining in the special mine lease areas and tailings lease areas on the Kawerong and Jaba rivers.

The President said that there were many dangers in dealing with foreigners not approved by the government. He said that the ABG would be setting checkpoints at airports and wharves to make sure all foreigners are screened for their Passports and Visas, work permits and local contact details. President Momis said that the exercise is not to stop Bougainvilleans from entering into partnership arrangements with investors but to make sure that foreign partners are honest and capable.

He said all new applications must go through the Screening Committee set up by the Bougainville Administration.  bougainville.typepad.com/newdawn/

Da die Review des Bougainville Copper Agreement unmittelbar bevorsteht (grünes Licht sollte es beim nächsten JSB Meeting geben) hier der Link zu dem Text.

http://www.paclii.org/pg/legis/consol_act/mcaa1967344/

PS:Die von BCL an der ASX angelegten Gelder entwickeln sich weiter prächtig ;-)))

AFI     Kurs  4.76 2) Bougainville Copper Limited 6,189,052 Shares  0.64%        
Wert 29.459.875 AUD

ARG  Kurs 5.88 3)Bougainville Copper Limited 2,977,055 Shares 0.52%        
Wert 17.505.083 AUD

BKI     Kurs 1.18  3) Bougainville Copper Limited 7,297,357 Shares 2,61%2.51%       Wert    8.610.881    AUD

MLT    Kurs 16.00  16) Bougainville Copper Limited 538,015   0.6%                      
Wert   8.608.240 AUD


Diese 4 (bekannten) Positionen des BCL Anlagevermögens decken rd. 25% der Marketcap ab.

BIG PUSH FROM FOREIGN INVESTORS INTO PNG  Applications from foreign investors are “flooding in”. And they’re asking the Department of Lands and Physical Planning for land to set up their business in Papua New Guinea, says PNG’s Deputy Prime Minister Sir Puka Temu. Temu who is also the Minister for Mining and Lands and Physical Planning in the Somare-led government said that with Papua New Guinea now seen by investors as a safe destination for investment, investors are sending volumes of applications to the department asking for land to set up their businesses. “China is coming in a big way. It is very important…it is a big player globally and they are becoming very innovative.”

Temu said investors are interested in land for a whole range of businesses including mining exploration. With the help of the European Union, PNG has now been mapped out and investors can see where mining deposits are located. The mapping process will be concluded next year. “So with that technology, we know we still have an enormous potential in mining. “Exploration is not small money, it is big money and with the MRA (Mineral Resources Authority), we are moving the applications very, very quickly,” said Temu

. Investors particularly from China, Malaysia and Europe are also looking for land for agriculture. “They are looking at how Papua New Guinea can grow rice, not small plots…they are looking for 100,000 hectares to make Papua New Guinea a food bowl because the global rice production is going down and PNG is recognised as having the land to become a major rice producing country in the world. “And so our challenge is how do we get 100,000 hectares,” he said. Temu said under the recent amendments to the land laws, customary landowners can now register their land and then lease it out to businesses. But the challenge for the government is to turn to traditional landowners to release their land for this purpose. Under the new changes, the security of titles for traditional land is as good as State lease and that is what investors want—security of titles, he said. “We have Indonesians and Malaysians coming in and saying we want 100,000 hectares to make PNG a rice producing country,” he said. One area that has been identified is in the Kairuku area below the Golilala mountains and around the Vanapa area—not far from the capital Port Moresby, and in the Central Province where a lot of land is available. In the past, rice was grown in the Bereina area of the Central Province. Temu said there is also a lot of interest in oil palm development as well. And the government has identified “corridors” in the country for agricultural development. As the government of Papua New Guinea focuses on bringing in more investors, it is also focusing its attention on manpower development to ensure the nation’s human resources are developed to take on the new challenges ahead. Recently, Temu told a University of Technology graduation in Lae that the government will expand national high schools and integrate them with universities in Papua New Guinea.  Propelling PNG into the future This will be done as one of the numerous strategies under the country’s Vision 2050, aimed at propelling PNG into the future. Temu said under the strategic development plan, state universities will be expanded while the government will support private universities and other tertiary institutions. The government has also approved the establishment of an industrial technology and development institute, as well as a PNG Open University to coordinate flexible learning programmes of four state-run universities—University of Papua New Guinea, University of Technology, Goroka University and Vudal University. Temu told Unitech staff, graduating students and visitors that a white paper in higher education has urged PNG to reduce its dependency on foreign expertise and take control of its own future by increasing citizen participation, management and control in important areas of the economy, government and community affairs. However, he said according to the National Development Strategy 2010-2030, PNG will require around 265,000 graduates from tertiary institutions between 2010 and 2030. The current capacity of the six universities—four government-run and two church-run put together—is about 7,000 per year which is well below the requirement, Temu said. Existing tertiary institutions are not able to produce all of the manpower required by the industries. Temu said PNG currently spends some 780 million kina to hire foreign consultants to address the shortfall in the workforce. He also told the Unitech graduands that it is time some of them started thinking about going to work in the rural areas instead of seeking employment only in the cities and towns. “I believe it is now time for higher education institutions like Unitech to start preparing our young, educated and creative minds to seek wealth creation opportunities in our rural areas, instead of looking for jobs in our towns and cities,” Temu said. He went further to say: “In this regard, I propose that Unitech and other higher education institutions in PNG cultivate and encourage the mentality of “university education for innovation, entrepreneurship and self-employment” instead of the current mentality of “university education for a well-paid job. “This is the kind of paradigm shift we want to see in our higher education system when we implement PNG Vision 2050,” Temu said.

 

Der gesamte Artikel auf www.bougainville-copper.eu !

Nicht ganz höflich aus dem Munde eines PM ;-)))))))))))))))))))

Papua New Guinea Prime Minister Michael Somare thwarts no confidence attempt


PAPUA New Guinea's Parliament has descended into chaos after the Government thwarted the Opposition's attempt at a vote of no confidence by adjourning proceedings until November.

The Opposition, swelled by a mass government defection, moved an expected motion for a no-confidence vote this morning.

But when Parliament resumed after lunch, Speaker Jeffery Nape accepted the Government's move for an adjournment.

The Opposition challenged the Government's numbers for the motion, but the Speaker disallowed the move.

This prompted an outbreak of shouting and arguing, with the Opposition claiming it had the numbers to block the adjournment.

But the Speaker did not call for a division and told the MPs Parliament would resume on November 16.

More heated arguments followed, with an outraged Opposition claiming PNG was run by a "dictatorship".

Prime Minister Michael Somare, facing a direct challenge by his former deputy Puka Temu, crossed the chamber, pointed his finger at the Opposition and shouted in pidgin words which translate as "I will kill you".

Earlier in the day, the Opposition had failed to block the swearing-in of the Governor-General Paulius Matane, who had been selected in a controversial manner.

The Opposition only had 45 members in favour of the motion to block his swearing in, 10 short of the majority needed of the 109 MPs.

“In addition, fees for exploration licences under a Bougainville mining law could possibly generate significant income for the ABG. For example, if licences are put out to international tender, mineral exploration companies will compete in terms of the amount of the licence fee they are willing to pay.
“The BEC will also need to consider developing a realistic policy on small-scale mining by Bougainvilleans. Thousands of our people are now washing for gold in rivers, or in the BCL leases. Others are doing small-scale mining of veins of gold in hard-rock in various parts of Bougainville. Many people are making a lot of money.
“But this small-scale mining is also causing problems. They include land and other disputes, safety issues for miners, and environmental damage.
“Furthermore, many of our people are being robbed by unscrupulous buyers who fail to pay them fair prices for their gold,” said Mr Momis.

soll in einer 1 ten Phase nur teilweise an Bougainville übertragen werden.

Wichtiger ist vorerst dass man sich auf einem der letzten JSB Meetings darauf geeinigt hat das nach der Wiedereröffnung von BCL generierte Steueraufkommen 60:40 zwischen PNG u. Boug aufzuteilen.Bei den Shares könnte ich mir eine ähnliche Uebereinkunft vorstellen.

Der Restanteil wird wohl erst nach der Unabhängigkeit übertragen.

zwischen PNG und Bougainville ist interessant. BEIDE haben also ein Interesse, dass die Panguna Mine wieder öffnet. Das ist wieder ein wichtiges Detail.

Welche Ideen existieren für die Finanzierung des reopening of the Panguna mine ?

Hintergrund : Auch Landowner sollen inzwischen Bougainville Copper Ltd. Aktien gekauft haben. Eine Kapitalerhöhung könnte hier Probleme bedeuten, wenn diese landowner für ihre an der australischen Börse gekauften BOC Aktien wegen privater Vermögenslage nur begrenzt teilnehmen können. Finanzierung OHNE Kapitalerhöhung ist auf jeden Fall vorzuziehen, um diesen landownern nicht von Anfang an das Gefühl zu geben, über den Tisch gezogen zu werden.

JV,Vorwärtsverkäufe,Teilkredite der Weltbank,lies mal das Landowners Proposal durch

.........is now the new Minister for
Bougainville Affairs. He was sworn in this after at Government House
in Port Moresby. PM Somare relinquished the portfolio to him seeing
that Bougainville was now the focus of the Government and Semoso will
drive that.

negativer Zins möglich wie beim deutschen Schwundgeld.

Rohstoffpreise dürften damit die nächsten Jahre stabil bis steigend bleiben als Spar Ersatz.

.......auf Anordnung vom neuen  Ceo für Frieden und Versöhning Nick Peniai und Präsident Momis.

Auf Boug scheinen also doch noch etwas rauhere Sitten zu herrschen ;-))))

http://bougainville.typepad.com/newdawn/2010/07/...and-reconcili.html

A Toyota Land cruiser Ten seater used by the CEO for Peace and Reconciliation office based in Arawa was taken by gunmen from its driver in Buka last night.
According to the Peace coordinator, GEORGE MANU the way those gunmen went about in taking the car from the driver was un-professional.
He said the car was waiting for funds to get C service when it was taken off the driver.
MR. MANU said that even if the new Government wanted to repossess the car to hand over to the new CEO it would have been proper to take it after the handover/take over ceremony.
He said reports and information of peace policies and priorities and achievements done by the previous officer is needed by the new officer for the sake of continuity.
According to reports gathered by New Dawn FM, the CEO was recently replaced by the new Momis Government however there was no handover take over between the former CEO DENNIS KUIAI and the new CEO and former ABG Speaker NICK PENIAI.
The last government with the support of UNDP had located the peace office in Arawa to negotiate peace reconciliations between many factions in the Central Bougainville and South Bougainville.
And with the new CEO it is anticipated that this office will return to Buka thus moving away from the trouble spots in Central and South Bougainville.
Reports said that the people who took the car said that they were following orders from the new CEO NICK PENIAI and President MOMIS.
We were unable to get comments from the President this afternoon on this incident.

http://www.postcourier.com.pg/20100722/thhome.htm

By TODAGIA KELOLA

PRIME Minister Sir Michael Somare appointed eight new ministers in his Cabinet straight after Parliament adjourned yesterday.
But he hinted that a major reshuffle will be announced in two weeks time.
The eight were sworn into office by the Governor-General at 4pm yesterday.
The new ministers are Timothy Bonga, Lucas Dekene, Benjamin Poponawa, Guma Wau, Moses Maladina, John Pundari, Fidelis Semoso and Francis Potape.
In a news conference after the swearing-in Sir Michael accompanied by his new deputy Don Polye told reporters that from the eight, two will immediately fill the vacancies left by the decommissioning of the two ministers that have left the Government ranks, Belden Namah and Charles Abel, while for the rest he will be looking at sharing some ministries that are currently under one minister.
He gave an example of his new deputy’s portfolio which included Works, Transport and Civil Aviation and his former deputy Sir Puka Temu’s ministries of Mining, Lands and Physical Planning will also be divided among the new ministers.
But he would at all these last night and an announcement would be made sometime today.
Forestry portfolio will be taken on by Timothy Bonga while Culture and Tourism will be taken over by the Member for Kerowagi, Guma Wau.
The Prime Minister also said it is in his powers to appoint extra ministers as allowed for by the Constitution.
Previously he said the population of the country was somewhere around 2.3 million and there were only 28 ministries. Now it had gone well over six million and there was a need to increase the number of ministries.
He added that he had made the appointments after considering each members qualification and the electorate that they represent from the four regions of the country.

http://www.thenational.com.pg/?q=node/11201

Ein cleverer Schachzug von dem alten Fuchs Somare,mehr Minister = mehr Stimmen für ihn beim Misstrauensvotum

PRIME Minister Sir Michael Somare has rewarded the highlands region with five new faces in cabinet for helping him fight off a spirited bid to remove him from office.
The prime minister ended a tumultuous week by appointing eight new ministers to an expanded cabinet, and promoting National Alliance party highlands region leader Don Polye to deputy prime minister.
In a week of uncertainty which saw Deputy Prime Minister Puka Temu and Minister Belden Namah (Forest) and Charles Abel (Tourism) walk out to join forces with the opposition to topple the prime minister, all eyes were on Polye and his group.
The highlands bloc held the key to the government’s survival, and were talking to the opposition while negotiating with Somare.
When the notice of a motion of no-confidence was lodged with the speaker yesterday morning, they decided to remain with the prime minister.
They were rewarded with the appointment of Polye as deputy prime minister and Benjamin Poponawa (Tambul-Nebilyer, NA), Lucas Dekena (Gumine, NA), Guma Wau (Kerowagi, URP), John Pundari (Kompiam-Ambum, PP) and Francis Potape (Komo-Margarima, URP) were made ministers.
The other new ministers were Timothy Bonga (Nawaeb, NA), Moses Maladina (Esa’ala, RDP) and Fidelis Semoso (Bougainville, NA).
Bonga takes the forestry portfolio vacated by Namah, Wau replaced Abel and Semoso is Minister for Bougainville Affairs.
The portfolio of the other five ministers will be made known today.
The prime minister said he would work on the determinations for the new ministries being created, and then announced them before he leaves for Fiji today for a regional leaders’ meeting.
He said this was only a precursor to a major cabinet reshuffle to be announced in two weeks time.
He described the new ministers appointed as well credentialed men who were well versed in politics.
Sir Michael said the additional ministries would come out from the more-than-one portfolios looked after by individual MPs such as mining, lands, physical planning and civil aviation.
Polye will be acting prime minister when Sir Michael leaves for Fiji.

.........and answerable to the people that put them there, be they Prime Minister, Minister, Speaker, Leader of Opposition or the extinct bankbenchers. If Somare or anyone for that matter is deposed as PM in the kind of political game going on at Parliament all week, that person will still retain their seat and remain in Parliament. Unless politicians are disqualified for misconduct in office under the Leadership code, not even the country can throw them out of Parliment.

The bottom line is, it's a number game in there. Temu and Namah did not crunch their numbers game, counted their political eggs before they hatched and are now sitting where they probably thought they'd never end up. WHY? Because these guys were so cocksure they had the numbers sewn up.

Never under estimate old men. They are still wise as long as they have something up their sleeve. Somare has been through two reincarnations (one more than Jesus) after he was dumped via votes of no confidence previously. He has also won more elections at the polls as head of two different parties - this is much more than the guys on the other side. They have won none!

Politics in PNG is like a Russian Roulette. It can backfire and kill you if you don't know which slots your bullets are engaged.

There is no way the Parliment can be recalled by way of a petition to the head of state whether 55 members, 85 members or 109 mebers sign it. Head of State has no power to recall Parliament. It's been tried before and did not work. There is too much legal bullshit in the papers. Unless the Oppossition works a miracle to entice and enlarges its numbers in the November sitting, Somare will shut shop and will be giggling and laughing his head off to the 2012 elections.

Die Australier sind seit Jahren ausgesprochen zurückhaltend in ihren Investments in die BCL-Aktien. Uns Europäer hat das immer irritiert und manches Mal haben wir sie als inkompetent und ignorant verlacht, haben wir doch die vielen guten Nachrichten aus und über die Insel Bougainville vielversprechender eingestuft als sie.

Aktuell sieht es aber so aus, als würden die Australier eben doch den besseren Überblick haben. Wenn man die aktuellen Nachrichten über die politischen Verhältnisse in PNG liest und dann hochrechnet, das die politischen Verhältnisse auf der Insel Bougainville nach diesem verheerenden Bürgerkrieg und der immer noch fragilen Autonomie noch sehr viel chaotischer und instabiler sein müssen, dann weiß man, warum der BCL-Aktienkurs dermaßen brach liegt.

Offensichtlich ist PNG und auch die Insel Bougainville faktisch weitestgehend ein rechtsfreier Raum. Momis wird es sehr schwer haben, BCL dazu zu bewegen, erneut Milliarden zu investieren. Dazu ist mehr als engagiertes Handeln notwendig. Alle Gruppen, die Politiker, die Landeigentümer, die verschiedenen politischen Gruppierungen, die Inselbewohner, das Mutterland PNG und wer weiß wer noch, wollen alle jeweils viel zu große Stücke vom Panguna-Kuchen. Dieses Kernproblem sorgt seit Jahren dafür, dass letztlich niemand einen Bissen abbekommt. Und die Menschen derweil an Krankheiten, Hunger und wirtschaftlicher Isolation sterben. Der Tisch ist gedeckt. Leider sorgt die Gier der PNG- und BOUG-Menschen dafür, dass niemand etwas bekommt. Evtl. hat Australien recht, wenn sie sagen, diese Inselvölker zerstören sich gegenseitig und untereinander, ohne Rücksicht auf eigene Interessen.

Alleine das der BCL-Aktienkurs seit Wochen nach oben hin gedeckelt wird, damit möglichst viele Inselbewohner noch zu günstigen BCL-Kursen einsteigen können und sich dadurch mehr und mehr mit einer Minenöffnung unter BCL-Führung identifizeiren können, ist dabei ein ernsthaft gutes Zeichen.

Sorry, aber ich habe wieder mal in einigen Punkten eine komplett andere Meinung:

Ob die Australier wirklich soooo zurückhaltend sind, weiß ich nicht. Jedenfalls hat jemand die 3-5 Mio Stücke, die über die Beendigung des ADR-Programms auf den Markt kamen einfach mal so abgesaugt. Ich bin zu 100% überzeugt, dass derjenige genau weiss, dass die Aktien mehr wert sind. Ob das Australier waren, who cares?

Im Augenblick ist Handel tatsächlich gleich null, aber meines Erachtens nicht, weil die Aussies einen Überblick haben, sondern eben gerade keinen!

Kursdeckelung: Diese Mär ist meines Erachtens einfach Quatsch!!! Das war vor 5 Jahren schon genau so ein Schmarrn wie jetzt! Wer bitte und warum? Und fangt bloß keiner an, dass PNG die Stücke sonst nicht übertragt, bla, bla, bla. Es gibt im Augenblich schlicht ergreifend kein Interesse, weder zum Verkauf noch zum Kauf.

Aber das wird sich ändern. Von dem Tag an, an dem BOC und RIO rausgehen mit der BCA-Meldung werden BOC und Rio alles tun, um den Kurs zu pushen. Entweder weil sie Geld für die Mine brauchen oder weil Rio die Aktie möglichst teuer loswerden will. Beides soll mir Recht sein.

Auf geht´s Landwoner, einigt euch, wählt und dann ab zum JSB-Meeting, und dann kann auch der Brief an BOC rausgehen.

Wer täglich das AU-Orderbuch checkt wird feststellen, dass dort BCL-unüblich hohe Share-Bestände temporär angeboten werden. Man will den Kurs nicht drücken, aber fördern will man ihn eben auch nicht. Und das alles wird so lange bleiben, bis sich die Mehrzahl der oben genannten Fragen und offenen Punkte im Sinne von „mining mit BCl“ endgültig klärt.

Dem gegenüber steht ein ausgeprägt positiver Trend für „mining mit BCL“, mehr aber leider auch nicht.
Immer noch dominiert dort die persönliche Raffgier, was Geld, Macht und Einfluss angeht.
Jeder kocht sein eigenes Süppchen und merkt dabei gar nicht, dass er sich damit selbst vom gedeckten Tisch abhält.

Und wir hier im Forum tun allzu oft so, als wäre die Welt in Ordnung. Als wäre es in Ordnung, das dort auf der Insel jeder zu Recht die Interessen seiner eigenen Heimat boykottiert. Das ist aber eben nicht in Ordnung! Und wenn es niemand ihnen reflektiert, das sie seit Jahren eigentlich einen Riesenscheiß machen, dann denken die noch, sie sind die Helden der Zeit. Das sind sie aber leider nicht. Es sind die Verlierer der Zeit. Loser!

Der Kurs wird meines Erachtens sprunghaft mit BCA-Verhandlung ansteigen! Die Meldung "Panguna eröffnet nach 25 Jahren" wird die Runde machen und wird meines Erachtens auch zu Übertreibungen führen; für die etwas Schüchteren könnte das auch die Gelegenheit zum Exit bieten.

Aussedem: Was BOC will, ist das eine, der Chef im Ring ist allerdings Rio. Und die wollen entweder eröffnen oder verkaufen. Beidem ist ein höherer Kurs dienlich.

Schöne Diskussion - bravo.
Aber ein Punkt ist anders : Einen Verkauf durch RT sehe ich im Moment eher nicht. Warum auch ?
RT/ CRA hat schon vor Jahren das Angebot von - ich glaube 3,75$ pro BOC Aktie - der New Yorker Pritzker Familie abgelehnt.
Da heute die Rohstoffpreise erheblich höher sind als zur Zeit des Angebotes Mitte der 90er macht ein Verkauf noch weniger Sinn. Und was interessiert RT selbst ein Verkauf für 10$ die Aktie, wenn durch das zusätzliche Kupfer Angebot der Erlös der anderen RT Bergwerke sinkt ?

Ein Verkauf macht nur Sinn aus politischen Gründen - z.B. an China, um nach den Spionagevorwürfen gut Wetter zu machen. Diese Möglichkeit ist allerdings durch John Momis gestiegen.
Es bleibt sehr spannend - schaun wir 'mal, was die nächsten Monate bringen und hoffen wir, dass die Menschen in Bougainville diese Chance auf Entwicklung und Wohlstand ohne Wenn und Aber begrüßen und tatkräftig unterstützen.

 

23 July 2010

.........im FOB Thread

An dem Beispiel kann man sehen dass sich die Landowners äusserst korrekt und gesetzeskonform verhalten.So dauerts zwar ein bischen länger als uns Aktionären lieb ist,andererseits wird so die Wahrscheinlichkeit von späteren Unstimmigkeiten von vorneherein aus dem Weg geräumt,was für den Langfristinvestor,welcher einen Zeithorizont hat der Dividendenzahlungen einschliesst nur von Vorteil sein kann ;-))))))