Trading Bougainville Copper (ADRs) 867948

Die zweithöchste Rohstoff-Übernahme-Aktivität wird es in Kanada geben. Besonders kleinere und mittlere Eisenerz-Explorer sind sehr begehrt. Viele Lagerstätten in der kanadischen Arktis verfügen über eine sehr hohe Eisenerz-Qualität und sind ideal für die Stahl-Herstellung. Wer es darauf abgesehen hat, dürfte klar sein: China, Indien und Brasilien.

In Kanada gibt es etliche Übernahme-Kandidaten. Neben den Eisenerz-Explorern sind auch Uran- und Kupfer-Unternehmen sehr interessant. Rio Tinto und der weltweit größte Uran-Förderer Cameco werden ihre Kanada-Aktivitäten ausweiten.
Branchen-Riesen positionieren sich mit Übernahmen für die Zukunft

China, Indien, Brasilien und die Branchen-Riesen werden im kommenden Jahr erneut etliche Milliarden für Übernahmen ausgeben. Es muss sich dabei jedoch nicht um bereits Rohstoff-fördernde Unternehmen handeln.

Denn gerade die Langfrist-Prognose ist für Rohstoffe gut. Rohstoffe sind ein endliches Gut und die Nachfrage steigt. Einziger Katalysator ist der Preis. Es lohnt sich daher schon jetzt Reserven aufzubauen, um für die Zukunft gewappnet zu sein.

Ich wünsche allen Lesern ein erfolgreiches (Übernahme-)Jahr 2012 bei bester Gesundheit.

Herzlichst, Ihr
UnterschriftJEG.jpg
Jens Gravenkötter

“This unlawful act must be condemned and I want to assure the friends of Osborne that he will return very soon,” Agiru said.
The Southern Highlands governor had also received well-wishes on his appointment as deputy leader in the Somare cabinet from Aihi (Southern), Kumbakor (Momase) and Paul Tiensten (islands).
Pomio MP Tiensten said Agiru brought with him a wealth of experience from leading a big and resource-rich province to share his experience and knowledge with the nation.
“It is a loss to the
people of Southern Highlands and Hela but it is a gain for Papua New Guinea to have a man with integrity, experience and governance to contribute to this nation.
“On behalf of my people of Pomio, I salute him for his elevation to the second highest post in the land,” Tiensten said.

.......Guinea

ramumine.wordpress.com/2012/01/03/...enue-in-papua-new-guinea/

Managing the boom in mineral revenue in Papua New Guinea

Mekere Morauta*

Navigating a small economy through the choppy waters of the global economy is never easy.

But it is even harder when facing the peaks and troughs of resource booms and the unpredictable undercurrents of a complex polity. At independence in 1975, when I was Secretary for Finance, we created a mineral resources stabilisation fund (MRSF) to help this process and smooth out resource revenue flows from first the Bougainville copper mine, and later the Ok Tedi mine in Western Province.

Initiallly, the fund worked well. The Bank of PNG invested the mineral revenues and allowed a predictable flow of funds into the national budget. Australia supplemented this with a steady stream of budget support, and the national budget was well managed. We were optimistic that the mining sector would help lift the whole economy.

In hindsight, problems started appearing in the 1980s, with the increasing politicisation of public expenditure and the structural problems of a ‘two-speed’ economy. And in the 1990s, PNG’s donors began phasing out budget support due to of concerns about corruption; fiscal policy fell out of sync with the stabilisation funds; and commodity prices crashed.

Governments had been borrowing heavily against the MRSF and future revenues from the resource sector, notably the big oil development at Kutubu. While investments in the MRSF were safe, they were not earning good rates of return, and the sharp rise in debt in the late 1990s meant that the state’s net assets were falling fast.

When I became Prime Minister in 1999 my government moved quickly to stabilise public finances by drawing down the MRSF — against which governments had been borrowing heavily — to pay off PNG’s crippling debts. We then initiated a short-term measure to stabilise mineral revenues, whereby Treasury would forecast revenues for the year ahead and any surplus was used to retire debt. Had I won the 2002 election, we would have developed this into a more substantial sovereign wealth fund backed by disciplined fiscal policy and effective spending

The Somare government has ridden PNG’s biggest resource boom over the last nine years. The economy and government revenues have grown strongly, but this has impacted little on basic services and living standards. There have been follies and sometimes outright theft: the mortgaging of PNG’s shares in Oil Search to borrow A$1.68 billion from Abu Dhabi; the disappearance of Kina 5 billion from government trust accounts; and the mismanagement of the development budget. With the Somare government stymying debate and refusing to be held to account, it was hard. It was the most frustrating period of my career.

There were bright spots. The first was the reforms that I had implemented to give independence to the Bank of PNG and the financial sector (including superannuation), and for the regulation of public enterprises, paid off with the vibrant growth of financial services and the introduction of competition into the mobile phone market.

A significant high point was the PNG Sustainable Development Program (PNGSDP) we set up in 2002 to manage revenues from the Ok Tedi mine for the direct benefit of Papua New Guineans. While the program’s progress on development projects is mixed, its key strength is prudent management — with a small secretariat overseeing contracts and partnerships with private service providers — and investment of a long-term fund that now stands at over US$1 billion.

The change of government in August 2011, when I became Minister for Public Enterprises, reignited hopes that critical reforms to safeguard PNG’s future wealth could be implemented and the benefits passed on to future generations.

The primary purpose of the sovereign wealth fund (SWF), which recently gained parliament’s backing, is to stabilise potentially volatile revenue flows from the mining and petroleum sectors. Instead of flowing directly to government, mining and petroleum revenues will be paid into a separate fund, managed independently by experts and invested prudently on the state’s behalf.

Current spending is delinked from revenues by specifying that annual budgetary withdrawals from the fund must not exceed the moving average of the last 15 years’ mining and petroleum revenues. This is a fairly conservative rule that has been designed to allow the fund to build up while at the same time allowing a smooth and predictable flow of funding into the national budget.

Predictable funding for the national budget should enable better planning of expenditure. This is important because many programs, such as free education, have large ongoing expenses — and previous national budgets have failed to allocate sufficient funding to meet these costs.

PNG’s proposed solution is to earmark a portion of mining and petroleum revenues for the maintenance of national infrastructure. This reduces the uncertainty that future budgets will be financed through unsustainable cuts to the maintenance of assets, which then require costly rehabilitation projects. The process enables government to enter into longer-term contracts with private-sector providers, reducing transaction costs and focusing on the delivery of quality outputs.

In PNG today, two of the biggest investments are the PNG liquefied natural gas (LNG) project and the PNGSDP. In the first case, Exxon-Mobil is overseeing the construction of an A$15.7 billion LNG project that involves the construction of wellheads, gas processing facilities and pipelines. In the second, Digicel is building mobile phone towers for PNGSDP in Western Province and Origin is partnering with PNGSDP on several major power projects.

I think a model that splits the policy and funding functions from the doing function could also work well for government, and we are developing a concept for an independent infrastructure authority that will oversee the maintenance of national infrastructure. The key features will include an independent board made up of government, donors and independent nominees; a predictable funding stream from the SWF to finance maintenance of national infrastructure; and high standards of transparency and probity in the contracting out of this work to the private sector. By including multilateral and bilateral donor representatives we hope donors will direct funds to the infrastructure trust and thereby integrate donor funding more effectively with national priorities.

Public enterprises will also receive priority funding from the SWF. In some sectors like electricity, telecommunications, ports, aviation and water, strong private-sector participation has improved services. In others, public enterprises are slowly sinking. Finding credible private-sector partners to run these businesses will be tough without first undertaking some emergency rehabilitation, restructuring and recapitalisation. Consequently, some SWF funds, during the first 10 years of its operation, will be used to steer public enterprises toward a more sustainable path, while at the same time facilitating the entry of private-sector providers. Another part of this funding will be for community service obligations. Funding will not be limited to public enterprises, but rather private-sector businesses will compete for funding to deliver essential services in remote or non-commercial areas.

Volatile revenues need to be smoothed out in PNG, but the real challenge is keeping sticky fingers out of the revenues pot — and this is where PNG has come horribly unstuck in the past. Hence the reforms that I have pushed passionately and persistently which aim to tackle this issue: funds that are managed and spent independently and transparently.

As PNG’s economy enters new and uncharted waters, stable fiscal flows and smart investments in infrastructure will help the next generation of Papua New Guineans build an economically independent nation with equitable delivery of services and opportunities for all.

* Mekere Morauta is Minister for Public Enterprises in Papua New Guinean and a former prime minister

..........auf Preisanstieg

www.godmode-trader.de/nachricht/...is-Sojabohnen,a2726624.html

Cocoa borer threatens Wisai
Quelle: Radio New Dawn, 28.12.2011

Fears are circulating cocoa farmers in Wisai of the threat of the cocoa pod borer entering the area. For the past few months, the pest has affected parts of the areas of Koromira and many fear that it will soon spread into Wisai.

A cocoa farmer in Wisai, Samuel Ove has called on authorities to address the issue before it hits Wisai. He says many farmers are in fear of losing their plantations to the pest, as they are not aware of what to do to prevent the pest from attacking. He said this was due to the lack of awareness carried out by the Coconut and Cocoa Research Institute in the Wisai area.
He has called on the authorities to visit farmers in the Wisai area to help them prepare for the cocoa pod borer if it enters Wisai.

............ opportunity!

ramumine.wordpress.com/2012/01/03/...s-investment-opportunity/

www.godmode-trader.de/nachricht/...reiwochenhoch,a2726937.html

Frankfurt (BoerseGo.de) – Kupfer ist im Verbund mit anderen Metallen fester in das neue Jahr gestartet. In der Spitze erreichte das rote Metall am Dienstag bislang 7.723,00 US-Dollar je Tonne – ein Dreiwochenhoch. Beflügelt werden die Notierungen von festeren Aktienmärkten und einem schwächeren US-Dollar. Hinzu kommt der besser als erwartet ausgefallene chinesische Einkaufsmanagerindex für das verarbeitende Gewerbe, der zudem überraschend über die wichtige 50er-Punkte-Marke geklettert ist und damit wieder im expansiven Bereich notiert.

Die spekulativen Finanzanleger seien unterdessen Kupfer gegenüber weiterhin pessimistisch gestimmt, schreiben die Rohstoffanalysten der Commerzbank im heutigen „TagesInfo Rohstoffe“. „Gemäß Daten der US-Aufsichtsbehörde CFTC bestanden in der Woche zum 27. Dezember Netto-Short-Positionen von 4.000 Kontrakten. Damit wetten die spekulativen Finanzinvestoren mittlerweile seit 15 Wochen ununterbrochen in Summe auf fallende Kupferpreise. Der hohe Pessimismus der Finanzanleger war in der Vergangenheit stets ein guter Kontraindikator. Bereits eine kleine Verbesserung der Marktlage und -stimmung kann in einer solchen Situation schon einen starken Preisanstieg hervorrufen“, so die Commerzbank-Analysten.

asopa.typepad.com/asopa_people/2012/01/...aused-png-chaos.html

BID/ASK 0,78/0,79 AUD 0,62 €

cb.iguana2.com/netwealth2/depth/boc" style="max-width:560px" alt="cb.iguana2.com/netwealth2/depth/boc" />

.............., we update the Stock Dashboard for every stock every day [about 51,000 one of these is BCL]. Have a look at the BCL Stock Dashboard

buysellsignals.net/BuySellSignals/report/...deskboard/368.html

.........denz

www.godmode-trader.de/nachricht/...Tendenz-Comex,a2727448.html

Zürich (BoerseGo.de) – Die Kupferkurse sind in den ersten Handelstagen des neuen Jahres auf ein Drei-Wochenhoch gestiegen. Die Analysten der Credit Suisse führen den Kursanstieg in ihrem heutigen Research Daily auf eine Reihe von überraschend gut ausgefallenen Konjunkturfrühindikatoren zurück. So hat der chinesische Einkaufsmanagerindex für den Fertigungssektor im Dezember mit 50,3 Punkten deutlich über den erwarteten 49,1 Zählern gelegen.

Auch die Einkaufsmanagerindizes für die Fertigungssektoren in Großbritannien und den USA notierten diese Woche über den Konsensschätzungen. „Zusammen mit den rückläufigen Lagerbeständen deutet dies darauf hin, dass die Nachfrage nach Industriemetallen stärker ausfallen könnte, als viele Marktteilnehmer glauben“, schreibt Tobias Merath. Bis zu den US-Beschäftigtenzahlen am Freitag könnten sich die Kupferpreise daher noch positiv entwickeln, so die Einschätzung.

...............Independence Movement

copperinvestingnews.com/9247/...independence-bougainville-rio/

Wed, Jan 4, 2012
The existence of natural resources can make or break the financial future of a nation, and in Papua New Guinea, copper may determine whether a region can gain independence or not after decades of conflict. At stake is the possibility of the island of Bougainville breaking away from the southwestern Pacific Ocean state, which may be possible should islanders access the financial gains from the Panguna mine.

Owned by Bougainville Copper (ASX:BOC), the Panguna mine has produced copper concentrate from 1972 until guerillas of the Bougainville Revolutionary Army forced the company to suspend operations in 1989. The rebel forces had forced the mine to close as they believed the island deserved a greater share of the wealth in addition to greater protection from environmental exploitation, but with the recent surge in prices and the race to secure supply of the red metal heating up across the globe, Bougainville’s political activists are hopeful that the time is ripe to reinvest in its resources as a means to gain independence.

The owners of the Panguna mine is itself 54.58 percent owned by Rio Tinto (LSE:RIO), while the government of Papua New Guinea has a 19.06 percent shareholding, and public shareholders hold the remaining 27.36 percent. At its height, the mine had provided nearly 20 percent of its annual income according to some estimates.

A referendum on whether or not the island should cede from Papua New Guinea is slated to be held between 2015 and 2020, and the possibility of economic self-sufficiency will play a critical role in swaying public opinion. As for the distribution of wealth from the mine, Bougainville Copper’s Chairman Peter Taylor said in an interview with Radio Australia last February that the company would “encourage the landowners and the Bougainville government to set the agenda. I would expect that there will be shared ownership in the mine… I think they need to have equity in the project so the fortunes of the mines are also the fortunes for them.”

Yet trust in the company’s goodwill may not come easily from some quarters, as the mine operators were accused by locals over two decades ago of siding with the government of Papua New Guinea against the rebels and supplying them with military equipment to keep the operation running.

Whatever the truth may be about the conflict between the Papua New Guinea government and rebels, what is clear is that getting the mine back in working condition will not be cheap. Taylor said at the company’s latest annual general meeting in April that it would cost about $3 billion to re-open the mine and the first step to getting it back into operation would be to conduct a pre-feasibility study. The company will also need to assess the write-offs needed, and Bougainville Copper states on its web site that “as access to the mine site has not been possible, the extent of the necessary write-downs is not capable of reliable measurement of estimation.” The company adds that “it is clear that a major write-down of assets from their pre-closure levels will be required. To allow for this future write-down, the directors made a general provision in 1991 for deterioration, damage, and pilferage of 350 million kina,” or over $16 million.

Still, with copper reserves estimated to reach at least $50 billion, the rewards could be substantive.

Despite the costs and considerable political risks, Bougainville Copper is far from alone in vying to get a foothold on Papua New Guinea’s mineral wealth beyond Bougainville’s shores. Mineral productions account for about a quarter of the nation’s gross domestic product, with major mining groups including BHP Billiton (ASX:BHP), Harmony Gold (NYSE:HMY), and Newcrest Mining (ASX:NCM) as well as Rio Tinto being heavily invested in mines across the nation. Moreover, their involvement is expected only to increase as the race for mineral resources intensifies, and they are expected to seek out junior mining companies to partner with them moving forward.



I, Shihoko Goto, have no direct interests in the companies mentioned in this article.

Trotzdem danke Nekro für deine unermüdliche Arbeit.
Ich wünsche allen investierten ein gesundes, erfolgreiches 2012.
Und ein langes Leben.
(Denn das braucht jeder, der sich in BOC engagiert hat).

*grins*

 

05.01.2012

Source: Radio New Dawn on Bougainville

 

FORMER  president of the Autonomous Bougainville Government James Tanis will  travel to Canberra, Australia tomorrow to undertake an eighteen-month  Master’s course on International Affairs.

Tanis’  study is funded by the Australian Government under its AusAID  Development scholarship of which 170 Papua New Guineans including five  Bougainvilleans would benefit from this year.

He thanked the government and people of Australia for giving him the opportunity to study.

He  added that compared to Bougainville presidents the late Joseph Kabui  and John Momis, he had no formal education in international relations  but had a vast experience in international affairs.

Tanis  said leadership is a profession and urged that to be a leader one must  be well versed on the latest level of education and technology.

Tanis  assured the people of Bougainville that he would return to add value to  the countless efforts of the people and government of the Autonomous  Bougainville in rebuilding peace and prosperity.

He also urged the leaders of Bougainville to work hard to achieve a successful outcome on the weapons disposal program.

Tanis  warned that Bougainville’s sovereign partners are watching and he urged  that for a continued good relations with development partners like  Australia and New Zealand, Bougainville leaders must support all local  partners in delivering on the weapons disposal program.

05.01.2012

Source: Radio New Dawn on Bougainville

TANIS DEPARTS BUKA

 

FORMER  president of the Autonomous Bougainville Government James Tanis will  travel to Canberra, Australia tomorrow to undertake an eighteen-month  Master&rs

ramumine.wordpress.com/2012/01/06/...icers-of-protocol-breach/

January 6, 2012 · 2:51 pm


NEW Ireland governor Sir Julius Chan wants officers in the Mineral Resources Authority sacked for failing to consult his government before embarking on projects, reports The National.

Sir Julius said the authority failed to consult his government on the million kina projects it had distributed to areas in Central New Ireland. He claimed that the authority kept breaking protocol of mutual consultation and unilaterally handed out projects in the province outside the provincial plans and priorities.

   “It is disrespectful and unacceptable of the MRA to behave as a government and I call on the national government to sack people who deliberately usurp the authority of my elected government to dictate projects for our province,” he said.

He cited, as an example, the opening of a new aid post building at Natong on Anir Island. The Authority  he claimed did  not seek clearance from the health department on staffing and operational funding.

   “New Ireland people rightfully deserve their fair share of benefits and cash grants from the Lihir gold mine in arrears for over 15 years and the previous NA [National Alliance] government in NIP and Waigani, including MRA have failed to remedy the long-running issue,’’ he said.

Sir Julius added that it was outrageous and sickening.

   “There is only one elected government in New Ireland led by me as Governor and no one, including MRA and Newcrest, can overrun the government through bureaucratic machinery,’’ he said.

Sir Julius said the MRA had been funding many projects in Central New Ireland which is where managing director Kepas Wali came from.

Bullish Signals outnumbered Bearish Signals 3:1 or 3 times.

buysellsignals.net/BuySellSignals/report/...deskboard/368.html

ist man geneigt zu denken, dass im Fall von BCL und Panguna alle Beteiligten sich die Zeit nehmen sollen, im Vorfeld alles eindeutig zu regeln.

ramumine.wordpress.com/2012/01/06/...ice-burn-houses/#comments

d.h. aber auch,das man nicht zwingend mit den Chinesen zusammen arbeiten sollte,dann bliebe BCL ja wirklich nur noch als einzige Möglichkeit,ich finde das man auf Bougainville sich Zeit nehmen sollte,irgendwann wollen die ja auch von der Panguna leben

asopa.typepad.com/asopa_people/2012/01/...ill-to-showdown.html

auf dem niedrigsten Stand seit einem Jahr

www.kitcometals.com/charts/copper_historical.html

.........ceratures

ramumine.wordpress.com/2012/01/08/...find-of-seabed-creatures/

A referendum on whether or not the island should cede from Papua New Guinea is slated to be held between 2015 and 2020, and the possibility of economic self-sufficiency will play a critical role in swaying public opinion. As for the distribution of wealth from the mine, Bougainville Copper’s Chairman Peter Taylor said in an interview with Radio Australia last February that the company would “encourage the landowners and the Bougainville government to set the agenda. I would expect that there will be shared ownership in the mine… I think they need to have equity in the project so the fortunes of the mines are also the fortunes for them.”

Die Aussage ist vom letzten Februar, aber der Artikel ist vom 04.01.2012

Vollständiger Artikel:
copperinvestingnews.com/9247/...independence-bougainville-rio/

"SHARED OWNERSHIP".......???
kann mir jemand sagen wie man sich dies in der Praxis vorstellen könnte....??

Hier geht es um den 19,6% Anteil an BCL, welcher von PNG gehalten wird.

Im Friedensvertrag zwischen PNG u. Boug. ist man übereingekommen dass dieser Anteil an das ABG übertragen werden soll, wenn die B´viller MRA die Kapazität hat die "Mining Power verantwortungsvoll auszuüben"

Nach einem von der Weltbank finanzierten Lehrgang von 4 Jahren sollte die MRA jetzt dazu hinreichend qualifiziert sein.

Ein überarbeitetes Proposal der Lo´s ist in Vorbereitung u. wird in Kürze auf ihrer HP veröffentlicht. Gleichzeitig soll eine geprintete Ausgabe in Höhe von 5000 St unter den Lö´s verteilt werden.(Gegen die Rohfassung gab es bis jetzt von AGB u. BCL keine Einwände)

www.godmode-trader.de/nachricht/...nne-in-Schach,a2730461.html