Trading Bougainville Copper (ADRs) 867948

Hallo Tom,

lies mal den unten stehenden Artikel. Somare ist der Premierminister von PNG. Er ist pro Übertragung der staatlichen (PNG) BOC-Anteile an Bougainville. Eventuell ist dies auch einer der Punkte die im Gespräch zwischen Somare und Kabui in dieser Woche diskutiert werden.

Vielleicht kennen Axel und Marcel bereits die Agenda?


Quelle: www.auswaertiges-amt.de/diplo/de/...euguinea/Innenpolitik.html

Autonome Provinz Bougainville: Bougainville ist geographisch die nördlichste Insel der Salomonen. Mit der Unabhängigkeit Papua-Neuguineas wurde Bougainville dessen östlichste Provinz, etwa 900 km von der Hauptstadt Port Moresby entfernt, während es zur südlich gelegenen Seegrenze zu den Salomonen lediglich 8 km sind. Ethnisch und kulturell bestehen dorthin enge Verbindungen. Seit 1972 bestand auf Bougainville die Panguna-Mine, die damals größte Kupfermine der Welt. In der lokalen Bevölkerung wuchs in den Folgejahren die Unzufriedenheit massiv an, da man der Ansicht war, von der Existenz der Mine wirtschaftlich kaum zu profitieren, während der Tagebau gleichzeitig für erhebliche Umweltschäden verantwortlich verursachte. 1989 brach unter Führung von Francis Ona, des Gründers der „Bougainville Revolutionary Army“ (BRA), ein offener Bürgerkrieg aus. Die Panguna-Mine musste geschlossen werden. Die BRA besiegte überraschend die technisch überlegene Regierungsarmee, die sich 1990 zurückzog. Die Regierung verfügte daraufhin eine Blockade, kehrte aber 1992 zur Eroberung der Insel zurück. Es gelang ihr jedoch nicht, die BRA zu besiegen. Nach dem Scheitern von Plänen zum Einsatz einer britisch-südafrikanischen Söldnertruppe gegen die BRA (1997) wurden Waffenstillstandsverhandlungen aufgenommen. Bis dahin waren mindestens 10.000, nach manchen Schätzungen bis zu 20.000 Menschen (aus einer Gesamtbevölkerung von 200.000) ums Leben gekommen. Neuseeland, Australien und später die Vereinten Nationen vermittelten schließlich ein Friedensabkommen, das am 30. August 2001 unterzeichnet wurde. Dessen Kernbestandteile waren Entwaffnung (mittlerweile erfolgreich abgeschlossen), Einsetzung einer demokratisch gewählten Regierung der nunmehr autonomen Provinz Bougainville (erfolgte im Juni 2005) sowie die Abhaltung eines Referendums über die Gewährung der völligen Unabhängigkeit innerhalb eines Zeitraums von 10-15 Jahren. Erster Präsident der autonomen Bougainville-Regierung wurde das ehemalige BRA-Mitglied Joseph Kabui. Der ehemalige BRA-Anführer Francis Ona starb überraschend im Juli 2005. Im März 2006 begannen Verhandlungen zur Wiedereröffnung der Panguna-Mine. Premierminister Somare hat signalisiert, dass die staatlichen Anteile an der Mine (20 %) der Bougainville übertragen werden sollen. Unterdessen traten in den letzten Monaten punktuell erneut Sicherheitsprobleme im Zusammenhang mit einem abtrünnigen, ehemaligen Rebellenführer auf.

Hinweis: Dieser Text stellt eine Basisinformation dar. Er wird routinemäßig aktualisiert. Eine Gewähr für die Richtigkeit und Vollständigkeit der Angaben kann nicht übernommen werden.

********************************

24  Jan  2008     2:38:38 PM  5,500          0.820          
24  Jan  2008     2:34:49 PM  50             0.820          
24  Jan  2008     2:34:49 PM  6,000          0.820          
24  Jan  2008     2:34:49 PM  13,950         0.820          
24  Jan  2008     2:32:29 PM  1,000          0.820          
24  Jan  2008     2:32:29 PM  20,050         0.820          
24  Jan  2008     2:29:30 PM  29,338         0.820          
24  Jan  2008     2:29:30 PM  612            0.820          
24  Jan  2008     2:24:33 PM  49,388         0.820          
24  Jan  2008     2:24:33 PM  15,612         0.830          
24  Jan  2008     2:08:44 PM  2,950          0.850          
24  Jan  2008     2:08:44 PM  5,000          0.850          
24  Jan  2008     2:08:44 PM  5,000          0.850          
24  Jan  2008     2:08:44 PM  500            0.850          
24  Jan  2008     2:08:44 PM  500            0.845          
24  Jan  2008     2:08:44 PM  1,050          0.840          
24  Jan  2008     10:03:00 AM  500           0.860          
24  Jan  2008     10:02:03 AM  4,500         0.850          
24  Jan  2008     10:01:11 AM  500           0.850          
24  Jan  2008     10:00:13 AM  5,000         0.850          
24  Jan  2008     10:00:13 AM  1,500         0.850          
24  Jan  2008     10:00:13 AM  800           0.850          
24  Jan  2008     10:00:13 AM  400           0.850

Stellt sich die momentane Quizfrage ob das gesteigerte Interesse mit dem Besuch Somare's in Buka zu tun hat??? Sollte die schon im Dez. geplante Uebertragung der Miningpower in den nächsten Tagen vermeldet werden,könnten wir uns auf ein Kursfeuerwerk einstellen. ;-)))))))))))))

Meine Meinung zu dem aktuellen BOU-Kursverfall ist: Alle Jahre wieder crashen die Weltbörsen. Und alle Jahre wieder crashen dabei auch gute Werte, auch, weil trotz aller Mahnungen Marktteilnehmer Aktien über Kredite finanzieren. Und in solch unruhigen Tagen müssen dann gute Werte verkauft werden, weil die kreditgebenden Banken sehr schnell sehr nervös werden und den Aktienbesitzer schnell auf Verkauf drängen, koste es den Bank-Kunden, was es wolle.

Die BOU-Umsatzzahlen sind aber gemessen an den umsatzstarken Tagen trotz dieses Bärenmarktes derart gering, dass man sich doch gelassen zurücklehnen kann. Der breite Markt wird die BOU-Substanz früher oder später fair bewerten. Damit diese Marktkräfte bei BOU aber wirken, bedarf es einer Markttransparenz der BOU-relevanten Daten und Aspekte. Und gerade diese Markttransparenz wird im Laufe dieses Jahres durch verschiedene Ereignisse hergestellt werden. Ende 2007 hat Sven Lorenz mit seiner professionell aufgestellten Studie damit begonnen, Transparenz herzustellen. Meine Prognose: 2008 wird das Schlüsselereignisjahr für BOU. Und die Richtung der Entwicklungen stimmt.

Man liest in den Foren manchmal das ein gewisser "nekro" ein übler Pusher wäre, der diesen "substanzlosen" Wert für seine dunklen Zwecke manipuliere.
Richtig ist:
Nekro macht sich die Arbeit allen anderen Interessierten viele wertvolle Informationen zur Verfügung zu stellen.
Dafür vielen Dank!

oyoo
PS. Jeder muss selbst wissen ob er mit diesem Papier spekulieren will. Es ist riskant und viele Fragen sind offen. So ist das nun mal mit Spekulationen. Gehen sie auf dann werden sich die Zitterer "in den Arsch beissen". Und auch das ist immer die selbe Story ...

                                                                                §National Capital District


     Date:                    §15th January 2008

       To:                    §Hon Joseph Kabui MHR
                              §Hon Fidelis Semoso MP
                              §Hon Michael Ogio MP.
                              §Hon Michael Laimo MP
                              §Hon Jimmy Miringtoro MP

     From:                    §Lawrence J. Daveona

SUBJECT: BOUGAINVILLE COPPER-AN INVESTMENT WORTH YOUR SERIOUS THOUGHTS.

My dear Members of Parliament,

This correspondence serves to inform you briefly about the attached document that I have accessed through the internet from some of my contacts in Europe. The writer Mr Lorenz Sven is known to me through my research into top 200 Mining companies all over the world (Invincible & Ord River are not amongst these) and he is an Investment analyst who has made millions of dollars doing just that. He actually puts his money where his mouth is before he writes about his views on any investment and a lot of readers of his website, Undervalued-shares.com have benefited over the years by investing in companies (not only mining companies) that he forecasts to be better companies to investment in. He is pretty young around 37-38 and he has made himself a millionaire. He ones thought of putting in a bid for the Rio’s 53.6% shareholding in BCL but later relinquished the idea because he realized that Rio would not have accepted the idea.

Prior 2004 BCL Shares were valued at AUD$.25c and after studying the stock market movements he bought shares in BCL. After buying seven digit shares and the shares in BCL were at A$.50 he wrote what he thought the movements of BCL shares was going to be like and posted his thoughts on his website in Europe. Many responded by buying shares in BCL. In 2004 when I got to know him through the internet he had forecasted that BCL shares would improve and this is what exactly happened. By December 2007, i.e. 3 years later the shares had moved on to A$1.49 which is a jump of 198% and this was when he released his latest report on Bougainville Copper and here he is forecasting that the shares will rise to A$30.00 or more if Rio Tinto will move as he predicts.

He also says that there is money in cleaning up the environmental mess that some Bougainvilleans have taken the class case against Rio Tinto in the U.S. and we would be wise to welcome back the company to do the cleaning up and benefit from the process. National Government and ABG should give some serious thoughts about this as my personal view is that I will have our landowners get involve in this cleaning up.

One striking comment that Sven made in this report is on page 18 where he says and I quote,

“The jet-black Sheiks of the Pacific Rim?”

I will quote him further,

“Commonly known only for a civil war and desperate poverty, Bougainville is potentially one of the richest places on this planet. Its mineral wealth is as large, as its population of 200,000 is small. Only this wealth is yet to be unlocked-and mining is the key to the treasure chest. Independence is clearly marked for the island, and there is now a window of opportunity for creating a turnaround unlike few other crisis-ridden places on earth have ever experienced.--- Over the next 10 to 20 years, the once war-torn island could be transformed into a state resembling one of the Mid-Eastern oil states or the Sultanate of Brunei. That is, if it continues on the path towards restarting mining in a responsible and well managed fashion and with a reputable company like Bougainville Copper Limited.

For Bougainville, there is now a widow of opportunity, and there is also historic chance to negotiate an equity stake in Bougainville Copper # (as set out in a proposal by the Bougainville Landowner’s Association; see page 84 of this report appendix) and thus profit from mining on a whole number of levels-ranging from the provision of local jobs to dividends from owning a stake.”

My dear Members, this is for real and you are our only hope that Bougainville has to make this become a reality. We will need to go on an island-wide awareness campaign to promote the fact that Bougainville can rise up from the ashes, come to terms with the reality and move forward making use of the opportunity that is presented before us. There is no other way.

If you feel the need to talk about this, please contact me on Phone xxxx or mobile xxxx

For the prosperous future of Bougainville I remain your humble subject,


Lawrence J. Daveona
Panguna Landowner

macht 0,48977 €

In AU die Aktien also unter FRA ADR Kurs

Mal sehen ob es klappt ;-)))))))))))

Dat kannse vergessen!
0,87 ist angesagt.
oyoo

... mit der 100k Order wenigstens eine kleine Versicherung nach unten besteht. Danke! :)

www.postcourier.com.pg/20080125/frhome.htm

Conflict likely between authority and B’ville

A FORMER head of the country's mining department says there is a serious conflict of interest arising between the newly established Mineral Resources Authority and the Autonomous Bougainville Government.
Thus, the transfer of mining powers envisaged for the ABG will not be done because the Mineral Resources Authority (MRA) is now in charge of those powers, contradicting provisions in the National Constitution that allow that to take place.
Former Department of Mining Secretary James Wanjik said there was a conflict of interest between the Government set-up MRA and the ABG because Section 290 of the National Constitution states clearly that all mining powers rest with ABG and any transfer of those powers rests with the constitution and not the MRA.
"The National Government has breached the National Constitution in respect of mining powers on Bougainville on at least two occasions," Mr Wanjik claimed.
"First, the National Government breached the National Constitution when Parliament enacted the MRA Act 2005 that appropriates to the MRA, created under that Act, mining responsibility on Bougainville, including the Bougainville Copper Agreement. The National Government failed to include a transitional provision in the MRA Act 2005 to transfer the mining responsibility, thereby breaching sections 290 and 295 of the National Constitution.”
He added: “Secondly, the National Government failed to promptly transfer to the ABG mining powers since its 12 months prior notice from June 2006.
“It cannot transfer it lawfully unless it removes the blockage in the MRA Act 2005. This is a breach of section 295 of the National Constitution and is on-going.” Mr Wanjik that section 295 of the constitution stated that any transfer of powers of mining responsibilities to ABG should be consistent with the Constitution. However, that was not provided in the MRA Act, which was passed by Parliament paving the way for the establishment of MRA IN 2005.
“While PNG Government and the ABG ought to be careful as to the credibility and integrity of exploration and mining companies they invite to their shores, it is important to ascertain which authority has the mining powers particularly on Bougainville. This is the basis for any legitimate exercise of mining powers on Bougainville,” Mr Wanjik said.

LME-Lagerbestände: Aktuelle Veränderungen von Jochen Stanzl
Freitag 25. Januar 2008, 16:58 Uhr



Anbei finden Sie die Veränderung der Lagerbestände der LME zum 25. Januar 2008 in einer tabellarischen Übersicht:

Basismetalle an der LME

Veränderungen der Lagerbestände

Copper

-1525

Aluminium

-1475

Nickel

200

Zinc

66

Lead

-100

Tin

-200

(Angaben in Tonnen)

www.thenational.com.pg/012808/Nation%2011.htm

Somare urges  year of action
By ISAAC NICHOLAS
PRIME Minister Sir Michael Somare has challenged heads of departments and provincial administrators to support the Government by making 2008 a year of implementation.
Sir Michael, in his opening address to a meeting of heads of departments and provincial administrators at the Holiday Inn in Port Moresby last Friday, said he was happy to speak to powerful people whose leadership at all levels, was so important in the delivery of essential services.
“Out of interest, how many of you can say to yourselves that you have put your utmost in your work in 2007? And how many of you can also say that there is still room for improvement in 2008?”
The Prime Minister said public service as the two words suggest, mean service to the public.
“Not self service or wantoks only, so let’s make 2008 the year of implementation, where we really serve our departments and agencies.
“You, as heads of your departments and agencies, are in positions of power. Politicians make policies, legislation and commit resources to departments. But you are the team leaders. You are in charge of the working bees.
“You can sit back and say it’s all too hard or you can ‘step up to the plate’ and make your department or agency work for you in the interest of PNG,” Sir Michael said.

www.thenational.com.pg:80/012808/Nation%202.htm

PM stresses peace for autonomy to work
PRIME Minister Sir Michael Somare has given his Government’s commitment to making autonomy work on Bougainville.
Sir Michael, who travelled to Buka last week for the Joint Supervisory Body (JSB) meeting with the Autonomous Bougainville Government (ABG), was met on arrival by president Joseph Kabui, ABG leaders and officials.
“I have come as part of my Government’s and my own strong commitment to making autonomy work,” Sir Michael said in a statement.
He said the arrangements for Bougainville autonomy were an integral part of the Bougainville Peace Agreement.
“They have been given effect through our national Constitution. Peace building in Bougainville is a national priority.”
Sir Michael said JSB was a key mechanism for consulting and cooperating with the ABG to keep building peace on the ground.
“That is why the Deputy Prime Minister Dr Puka Temu and other senior ministers have come to Bougainville too. So have senior officials,” he said.
The Prime Minister said last week’s JSB meeting was the first since the new Government was formed.
“It provides an opportunity for the National Government and ABG leaders to brief one another on matters of mutual interest and plan the way ahead.”
The main item on the JSB agenda was the ABG’s desire for early transfer of the functions of mining, oil and gas from the National Government to ABG.
Officials from Bougainville and key National Government departments and agencies have been working together and preparing a joint set of proposals for way forward.
“We want to see Bougainville develop an economy capable of sustaining autonomy,” Sir Michael said.
He said while there were important legal and other technical issues including capacity and resources required in order to ensure the transfer of functions and powers is effective, and good governance maintained, the key was to keep building peace.
“We must, therefore be sensitive to the situation on the ground. Peace and good order must be maintained for restoration and development to proceed.
“Reconciliation, based on the removal of barriers to freedom of movement and communication, the continuing disposal of arms, is vital to moving ahead.”
Sir Michael said while Bougainville had come a long way since the Bougainville conflict ended almost 10 years ago, there were many challenges still to be met.
“The outcome of the guaranteed referendum on Bougainville’s political future – which may be as close as just over seven years away – will depend on what we do between now and then.
“That is why I have come to Bougainville to participate in the JSB meeting, to underline my Government’s and my own strong commitment to making autonomy work so we can keep working together to keep and build peace.

www.thenational.com.pg/012908/Nation%205.htm

Contract breached in ring road upgrade
By AUGUSTINE KINNA
THE Office of the Auditor General has filed a special audit report on the Buka ring road upgrading stating that the contractor had breached the contract agreement and the Financial Management Act.
The audit inspection was carried out in respect to the awarding of contract to North Bougainville Consortium Limited (NBCL) last Dec 31.
The inspection was carried out as required under section 113 (5) of the Organic Law on Provincial Governments and Local Level Governments, read in conjunction with section 16 of the Audit Act, 1989 and section 71 of the Public Finances Act.
According to the report sighted by The National, the assessment and evaluation by a senior officer of the technical services of the tender bids of the contract had provided misleading, false and inaccurate information.
The inspection also uncovered that the NBCL was incorporated in August 2006 and owned by four shareholders.
NBCL commenced earthwork with clearing and grubbing last Oct 22, however, as of Jan 9 this year, NBCL still had no machines but had two sub-contractors, Cletus Harepa and Jomik Plant Hire Limited.
“To this date, NBCL has not acquired the necessary machines for the Buka ring road,” the office of the auditor revealed.
It was also noted that an amount of K480,000 on cheque no. 131568 as mobilisation costs was paid to NBCL for the Buka road and a further K158,649 on cheque no. 132367 as progressive payment.
The office questioned why the money was paid to NBCL when it did not own any machines to mobilise at the first instance.
The audit noted that the payment of K480,000 as mobilisation cost was illegal as it did not serve the purpose intended.
The office further recommended that NBCL repay the mobilisation cost of K480,000, as it did not own any machines on site to date.
The contract of the Buka road between Hutjena and Lonahan practical completion date had expired on Jan 5 this year and had seriously breached the contract agreement.
ABG President Joseph Kabui revealed that his government had in place a policy guideline on how to tender contracts to local contractors.
He said Bougainville could not afford to waste public funds on low quality work that was slowing down the infrastructural road development in the region.
“There are other potential road contractors in the region who could do the job professionally and whole-heartedly for Bougainvilleans to benefit from,” Mr Kabui said.

da gab es denn aber heute interessantere neue Nachrichten als die vom Straßenbau,
auch wenn die sich auf den ersten Blick vielleicht nicht unbedingt nur gut anhören,
aber es kommt endlich mal etwas handfestere Bewegung zustande,

www.postcourier.com.pg/20080129/tuhome.htm

"Tug of war over minerals

THE Government of Papua New Guinea wants to maintain ownership of mineral rights on Bougainville.
This is likely to spark a row between the Autonomous Bougainville Government (ABG) and the National Government as the ABG wants to retain mineral rights for the people of Bougainville as stated in the Bougainville Constitution. ABG Finance, Mining, Petroleum and Gas Minister Mathias Salas said from Arawa yesterday that despite the Joint Supervisory Board (JSB) meeting ending on a positive note, the Bougainvillean delegation was angered when Sir Michael and Deputy Prime Minister Dr Puka Temu asked ABG President Joseph Kabui for mineral rights on Bougainville to remain with the Independent State of Papua New Guinea.
Mr Salas said the move was contrary to the Bougainville Constitution which stated that all mineral rights on Bougainville remained with Bougainvilleans. �We told them to go back and amend the PNG Constitution so that all mineral rights on Bougainville remained with the people of Bougainville,� Mr Salas said. �How can you have ownership of minerals on Bougainville from Papua New Guinea?� He said the issue of mineral rights would be discussed again in Alotau, Milne Bay Province when the JSB meets in six weeks.
�If the PNG Government insists that mineral rights on Bougainville remain with PNG, we will not attend the meeting and will walk out of it,� he said.
A chief from Kieta in Central Bougainville Michael Tanne also hit out at the National Government for trying to take mineral rights from Bougainvilleans. Mr Tanne said he was shocked when two top executives of the country begged Mr Kabui to have mineral rights on Bougainville. �Many Bougainvilleans died in a war that started because of mining and for the Prime Minister Sir Michael Somare and his deputy Dr Puka Temu to say that mineral rights remain with PNG, that is not right,� Mr Tanne said. �It is a shame for them to do that knowing very well that the Bougainville Constitution says that all mineral wealth belongs to the people of Bougainville.�"

Das ABG drängelt schon seit über einem Jahr darauf die Miningrechte transferiert zu bekommen.Die Bedingung dazu ist dass Bougainville auch in der Lage sein muss damit "umzugehen".Dazu gibt es jetzt eine dem PNG MRA Ministerium vergleichbare Institution auf Boug,welche mit Hilfe eines 16 Mio USD Kredits von der Weltbank ausgebaut werden soll.Die Schulung dieser Mitarbeiter beginnt im Juni.
Kabuis Absicht sich auf die Schnelle die Taschen a la Ord oder Invincible Deal zu füllen ist so elegant konterkariert worden.;-)))))))))

www.thenational.com.pg/013008/Nation%207.htm

Wird die Sicherheitslage Stück für Stück weiter verbessern ;-))))))))

Kiwis to train Bougainville cops

By ANTHONY KAYBING

NEW Zealand High Commissioner to Papua New Guinea Neil Holmes with the Deputy New Zealand Police Commissioner arrived yesterday for the launching of phase four of the New Zealand police assistance in training the Bougainville police personnel today.
Also accompanying them was the Royal Papua New Guinea Constabulary Commissioner Jeffery Baki who came to witness the launching.
“I am very pleased to be in Bougainville and to witness the progress taking place within the Bougainville police service,”Mr Holmes said.
He stressed the importance of phase four of the project as part of assimilating law and order back into Bougainville.
The High Commissioner’s delegation was here also to share the members’ thoughts and experiences with the police and the people with regard to the situation in Bougainville.
Mr Baki said the launching indicated steps in the right direction in terms of the fragile peace process.
“I believe this indicates New Zealand’s concern and growing support for the restoration of law and order which is part and parcel of the peace process,” he said.
Team leader of the New Zealand Police contingent Verne Morris said in Buka they were slowly making progress in the restoration of law and order adding tha t the situation in Bougainville was manageable.

www.thenational.com.pg/013008/Nation%201.htm

Die Chinesen u. Mining in PNG :-((((((

Ramu mine protest

By KEVIN PAMBA

THE Chinese developers of the Ramu nickel project have been told to shut all operations forthwith, relocate all Chinese nationals on the sites to Madang, address landowner grievances including allegations of Chinese dominance and discrimination, and visit Ok Tedi, Porgera and Lihir mines to learn about the standards and best practices employed there.
To show their grievances, the landowners yesterday staged a surprise protest at the company head office in Madang town, shut its gate and demanded the closure of the entire operations until landowner grievances on benefits and related concerns were amicably addressed.
“Enough is enough,” some landowners exclaimed.
“We know what was happening is sub-standard. Mining in PNG had been going on for 20 to 25 years and we know what to expect (in terms of benefits and community obligations),” Steven Saud, the chairman of Coastal Pipeline Landowners Association, said.
“You go to Ok Tedi, Lihir, Porgera, Misima, Tolukuma and you will find that Papua New Guineans are running those mines. Expatriates are working under Papua New Guineans there. Why was it not the same in Ramu nickel project?” Mr Saud said.
He and his colleagues said all operations had to cease and the landowners would look after company property.
He said the Chinese nationals must return to Madang while the matter is addressed.
The landowners, numbering about 50, converged on the PNG head office of China Metallurgical Construction Company (MCC) and served a notice of “ceasure of operation” on the company yesterday morning at about 10 am.
The protest led to the company calling in police and Protect Security guards, who got the situation under control, prompting the landowners and MCC officials to hold a “crisis meeting” chaired by Madang provincial government executive officer to the project, John Bivi.
The landowners were led by the chairmen of the four landowner associations at the project – Toby Bare (Kurumbukari LOA), Lima Mullung (Basamuk LOA), Peter Tai (Inland Pipeline LOA), and Steven Saud (Coastal Pipeline LOA).
The landowners presented 18 points relating to the lack of their participation in spin-off businesses, employment of heavily armed Chinese security guards, discrimination and dominance at the work sites and that the Chinese must all speak English.
The landowners, particularly expressed frustration and alarm, at the alleged presence of Chinese security officers, whom they claimed were heavily armed and running around the worksites in vehicles with tinted windows.
They said there was no need for a second security company from China when landowner company Raibus Ltd already was on the ground.
The meeting was called off for lunch and was reconvened at 4pm, when the company’s vice-president in PNG, Wang Futian said it was difficult to determine spin-off business contracts for landowners now because the project details were still being done in China.
Mr Wang claimed that all they had was a list of things to do, but without the final project plan from experts, little can be done to offer contracts to landowners.
He said landowners must not confuse the present pre-construction preparation work from the actual construction and production phases of the project.
Mr Wang also said the Chinese had to be respected for their culture and eating habits – the reasons why they have a separate mess, accommodation and support facilities at the work sites at Basamuk and elsewhere.
These responses irked the landowner leaders who accused Mr Wang of “repeating the same old lies”.
They reiterated their decision to shut operations stands.
The meeting continued well into the evening yesterday, and at press time, it could not be ascertained if a deal had struck between the two sides.

...There is some sort of arrangement going on in Arawa for holding a Forum in Arawa this Friday. I believe that Our President will be be there. This is more effective and informative than a news paper.

So this is a credit to the People of Central Bougainville to hold this Forum.


Regards,

www.thenational.com.pg/013108/Nation%2015.htm

Service delivery still a challenge: PM

The National Government will strive to remove impediments to investments and to lift its status in the international community, Prime Minister Sir Michael Somare said yesterday.
Sir Michael said this during the dedication service yesterday morning before the National Executive Council held its first formal meeting for 2008.
“This week, we are challenged by excerpts of the latest World Bank report depicting a Papua New Guinea in which investment and business is severely obstructed by corrupt practices,” he said.
“This report is saddening but in reacting to these kinds of challenges, the cabinet will strive to be proactive in determining strategies to lift our status in the international community.”
He said in doing so, implied impediments to investment would be addressed.
Sir Michael said the challenge now for cabinet ministers was to take up implements, sharpen them, hack away the obstacles and prepare the environment for new growth.
“We learnt in the last cabinet that current mandate given to bureaucrats to ensure monitoring of effectiveness and implementation of government directives and programmes could have been more effective.
“We must therefore put in place mechanisms to allow us to take stock of our performance and to either propel us forward or to re-examine where we may have failed.”
He said with consistency in the last five years, the country experienced vast improvements in the economy, however, service delivery remained a real challenge for government.
The dedication service was attended by departmental heads and ministers except for Transport and Civil Aviation Minister Don Polye, Health Minister Sasa Zibe and Agriculture Minister John Hickey, who turned up late for the service.

Mining powers are expected to be officially transferred to Bougainville towards the middle of this year.

Miningpower soll bis Mitte 08 an Bougainville transferiert werden,genau zu dem Zeitpunkt an dem die Weltbankexperten mit der Ausbildung des B' viller MRA beginnen.Das heisst dass es sich dabei nicht lediglich um Trockenübungen handelt sondern dass sofort mit dem Aushandeln des neuen BCA begonnen werden kann.

But PNG's mining minister says PNG law guarantees the government rights over minerals on the island.

Der Staat (PNG) soll (vorläufig)die Rechte über die Mineralvorkommen auf der Insel behalten,auch wenn das Kabui nicht gefällt,hindert es ihn doch daran sein eigenes Süppchen zu kochen. ;-)))))

But in sharing the cake, it is important governments and landowners have a bigger share''.

Durch das Aufteilen des Kuchens bekommen sowohl Landeigner als auch Staat ein grösseres Stück davon ;-))))))))))))

www.radioaustralia.net.au/news/stories/s2150547.htm

Last Updated 31/01/2008, 09:43:51    


The Papua New Guinea government says it wants a fair share of the valuable mineral rights in the autonomous region of Bougainville.

The once giant Bougainville Copper Mine was closed in 1989 during the island's protracted and bloody secessionist conflict, and has yet to reopen.

PNG's Mining Minister, Dr Puka Temu, says the government will transfer mining powers to Bougainville to develop its valuable mining, oil and gas reserves.

Bougainville's President, Joseph Kabui, says the PNG government should not have any say over mining on the Island.

He says mineral resources ownership must remain with the people of Bougainville.

But PNG's mining minister says PNG law guarantees the government rights over minerals on the island.

'The state should remain owner of all the resources. But in sharing the cake, it is important governments and landowners have a bigger share''.

Mining powers are expected to be officially transferred to Bougainville towards the middle of this year.

Ich finde es von enormer Wichtigkeit, dass PNG ein hohes Eigeninteresse an BCL hat. Sonst würde das Projekt BCL mit einem "Alleinherrscher" Kabui schnell den Bach runter gehen.

Risiko bleibt, aber die Chancen auch. :-)

... aber eigentlich sollte er doch Anreiz dazu haben, Bougainville müßte doch mindestens die Hälfte der BOC Aktien, die PNG derzeit noch hält, bekommen. Wenn Kabui unbedingt will, kann er ja mit der Vergabe von neuen Schürfrechten in anderen Gebieten immer noch sein ein eigenes Süppchen kochen.

Solange BOUG eine Provinz von PNG ist sind die BOCs Assets (Panguna Mine + Lizenzen) durch die PNG Gesetzgebung garantiert.Dass es ohne Mining nicht zu wirtschaftlicher Unabhängigkeit u. somit auch zu keiner politischen Independance kommen kann,(der Export von Kokusnüssen,Kakao u. Tunfisch generiert einfach nicht genug Einnahmen)ist auch dem ABG klar.Bevor es losgeht mit dem Mining muss das neue B' ville Copper Agreement (BCA)ausgehandelt sein.Durch die Unterzeichnung erkennt das ABG dann automatisch die Rechte von BOC an.

Somit sind die Chancen bei weitem grösser als die Risiken.;-))))))))))))))))

www.ft.com/cms/s/0/...dc-953a-0000779fd2ac.html?nclick_check=1

Chinalco and Alcoa take 12% stake in Rio

By Peter Smith in Sydney and Rebecca Bream in London

Published: February 1 2008 08:35 | Last updated: February 1 2008 11:08

BHP Billiton’s plan to buy Rio Tinto for more than £65bn ($130bn) was thrown into turmoil on Friday after China’s Chinalco and Alcoa of the US teamed up to buy a 12 per cent stake in the Anglo-Australian mining group.

The audacious share raid took both BHP and Rio by surprise and comes only days before BHP was expected to table a firm offer for Rio in what would have been one of the largest takeovers in corporate history.

Chinalco and Alcoa spent a total of £7.18bn on 12 per cent stake of Rio Tinto’s London-listed shares, which equates to about 9 per cent of the whole company. People close to the deal said it was the largest ever Chinese outbound investment and the largest ever cross-border deal involving a Chinese company.

The two companies paid a price of £60 a share, a premium of 21.1 per cent over Rio Tinto’s closing share price on Thursday. News of the deal sent Rio Tinto’s shares up 560p or 13 per cent to £64.40 in morning trading in London, while BHP rise 137p or nearly 10 per cent at £16.14

A person close to Chinalco said the state-owned Chinese company, which put up the bulk of the cash, saw the deal as a good investment, but the move was primarily motivated by strategic concerns. The Chinese government and the country’s steel industry have been up in arms about the prospect of a BHP-Rio combination, as it would give them control over the Australian iron ore industry, which supplies China.

The 12 per cent stake means that BHP will have to negotiate with Chinalco if it wants to buy Rio, said the person. Chinalco and Alcoa were also looking at talking to BHP about breaking up Rio and sharing out the group’s assets.

Last year Alcoa lost out to Rio Tinto in the battle to control Alcan, the Canadian aluminium group, but the US company’s agreement with Chinalco could offer a way to pick up some of the Alcan assets.

Chinalco and Alcoa said they did not currently intend to make an offer for the whole of Rio but reserved the right to “participate in an offer or possible offer” for Rio in the event BHP makes a bid.