Trading Bougainville Copper (ADRs) 867948

Please just keep it to yourselve, nogut ol man mekim too much toktok ;-))))))))))))

     Sellers

 Price    Quantity  
 
1.280   15,000   1  
1.290   180   1  
1.300   3,469   2  
1.345   4,000   1  
1.350   10,000   1  
1.380   2,500   1  
1.400   22,000   2  
1.500   25,500   2  
1.600   5,000   1  
1.630   47,000   2  
1.650   7,500   1  
1.750   25,000   1  
1.950   5,000   1  
2.000   5,000   1  
2.400   5,000   1

According to a March 2008 in the UK’s Telegraph, Anglo American and Rio Tinto have refused to sign up to African joint ventures with Chinese companies unless they comply with Western environmental and human rights standards. Rio, led by chief executive Tom Albanese, and Anglo enforce their own standards on joint ventures around the world, but extending the policy to a series of recently announced projects with the Chinese should benefit Africa, where the Chinese have been heavily criticized for human rights and environmental violations. Anglo and Rio regard Chinese competition to develop mines in Africa as a serious economic issue. Both want to get closer to the Chinese state-owned companies that are their major customers and - in the case of Rio - the company’s biggest shareholder. Chinalco, the Chinese state-backed aluminum company, took a 9 per cent stake in Rio in January in a move that appeared designed to block a hostile bid for Rio from BHP Billiton, Rio’s biggest iron ore competitor. Rio said last month that it is planning a series of joint ventures with Chinalco, focused on Latin America and Africa.

As reported by the Financial Times in February 2008, The European Union has launched an investigation into possible anti-competitive practices at Rio Tinto, The European Commission had formally started proceedings against Alcan, the Canadian aluminium producer that Rio Tinto bought for Dollars 38bn last October. The Commission has sent a “statement of objections” to Alcan outlining its preliminary view that the group has abused its dominant position in the market for aluminium smelting technology.

Social Responsibility
According to the group Mines and Communities in January 2008, Marcelo Giraud, a geographer at the University of Cuyo in Argentina, and the Popular Assembly for Water of Mendoza, have condemned the exploitation of potassium salts, which is about to be authorized in the far southern area of the province, 5 kilometers from the Colorado River. The main concern is that the method of final disposition of the wastes has not as yet been established. Rio Tinto is doing the paperwork with the government to get authorization to start extracting potassium chloride in the area. The waste will be sodium chloride that will spread out over a surface of 210 hectares at an average of 40 meters in height. This is where one of the main problems lies according to Giraud, who maintains that this will have consequences, not only for the flora and fauna of the place, but also for water in the river. “The major problems are filtration from underneath, the susceptibility of its being blown away from above, and spillage. It has not been calculated what would happen in the case of an earthquake. It is 5 kilometers to the river from the deposits and the water could be affected, as well as those who use it for irrigation.”

A December 2007 article in the publication In These Times called “Acid-Mining Michigan” reports that Rio Tinto subsidiary Kennecott plans to develop a nickel sulfide mine beneath the fragile Salmon Trout River in the state’s Upper Peninsula. Kennecott, a Utah-based subsidiary of multinational Rio Tinto, has become a Michigan land baron. Since 1994, the corporation has acquired more than 500,000 acres and leased 26 percent of all mineral rights alone in Marquette County, which is in the northern Upper Peninsula. The company plans to develop a nickel sulfide mine-known as the Eagle Project-beneath the Salmon Trout River. These mines are referred to as “acid mines” because they produce sulfuric acid (battery acid) and release heavy metals-including arsenic, mercury and lead-into watersheds, destroying all life. There has never been a non-polluting sulfide mine near a watershed, according to the late Roscoe Churchill, a longtime Wisconsin anti-mining activist and author. On its website, Kennecott claims the Eagle Project would have a “relatively small footprint” that would have “less impact to the environment and community.” Since 2004, Kennecott has successfully lobbied the project and opponents, over the course of this four-year battle, have fought the corporate “green-wash campaign” by Kennecott. Mining opponents have provided more than 10,000 requesting a denial of Kennecott’s permit, and 117 local doctors have also signed a request for denial. Yet in February 2008 Kennecott received the final approvals needed in order to begin construction of the underground mine.

In August 2007 Bloomberg reported that Rio Tinto Group will get a new U.S.. federal appeals court review of whether it must face claims of human-rights violations at a mine in Papua New Guinea. The U.S. 9th Circuit Court of Appeals in San Francisco today set aside a decision by a panel of three of its judges to reinstate a 2000 lawsuit by landowners claiming a company copper mine on Bougainville Island, once one of the world’s largest, contributed to the deaths of thousands of people. The case is currently pending.

Country Risk
The company has major operations/holdings in Australia, New Zealand and the US and also in Europe: Italy, Norway, Portugal, Spain, Sweden, the UK. In South America: Argentina, Brazil, Chile. In Africa: Guinea, Namibia, South Africa Zimbabwe. In Asia/Oceania: Indonesia, Papua New Guinea. Rio Tinto has a strong mining presence in the United States, mainly in Utah, Colorado, Montana, Vermont, Nevada, California and Alaska. Rio Tinto’s Luzenac Group-a leading talc producer-has mines in Montana and Vermont. Kennecott Energy, one of the largest US coal producers, manages Rio Tinto’s coal mining interest in Colowyo Coal in Colorado, and has four wholly owned coal mines in the mountains of Colorado, Montana and Wyoming. Rio Tinto owns Kennecott Minerals-a producer of gold, silver, zinc, copper and other base metals-which is headquartered in Salt Lake City, Utah. Kennecott Minerals also has operations in Nevada and Alaska. Rio Tinto’s Copper group comprises Kennecott Utah Copper in the US and the company operates Borax’s Boron in California’s Mojave Desert. Rio Tinto also has a 40% interest in the Cortez/Pipeline gold mine in Nevada which is operated by Placer Dome.

The company operates in Zimbabwe, which is on the AFL-CIO Country Watch List. Countries on this list are either lacking labor legislation that recognizes fundamental worker rights or they have labor legislation, but it is not enforced. Additionally, the company conducts business in a number of other countries deemed sensitive by JMR, such as Brazil, Guinea and Papua New Guinea, due to factors concerning labor, political freedom, civil liberties, and human rights.

Workplace Issues
Rio Tinto has a highly unionized work force. Unions representing Rio Tinto workers include: the International Federation of Chemical, Energy, Mine and General Workers’ Unions (ICEM), the United Steelworkers of America (USWA), the Australian Construction, Forestry, Mining and Energy Union (CFMEU), the Australian Manufacturing Workers Union (AMWU), and others.

Despite current union participation, Rio Tinto has a history of being anti-union. Throughout the 1990s, Rio Tinto companies in Australia pursued an aggressive de-unionization policy that was in breach of ILO fundamental labor standards with respect to freedom of association and the right to bargain collectively. In that time they successfully de-unionized two thirds of their Australian operations. However, from the second half of 2000 they abandoned that policy. This was partly due to CFMEU running a shareholder campaign that won significant votes (20.3%) and partly because they looked at the world scene and decided that being openly anti-union might start to hurt their investment prospects in the medium to long term, and also their share price.

In 2000, an unprecedented worldwide shareholder campaign was launched by trade union federations against the union-busting activities of Rio Tinto. The Rio Tinto Shareholder Coalition (RTSC) submitted two resolutions for shareholder consideration at the company’s annual general meeting. The resolutions demanded that the company’s board of directors become more accountable to its shareholders by appointing an independent, non-executive deputy chairperson, and that it implement a worldwide code of labor practice complying with International Labor Organisation (ILO) standards. The proposals received considerable support from shareholders - specifically 23 percent for the board independence proposal. The Coalition comprised unions which collectively represent 41 million workers, including the US trade union congress (AFL-CIO); the Construction, Forestry, Mining, and Energy Union of Australia (CFMEU); the Australian Manufacturing Workers Union (AMWU); the Maritime Union of Australia (MUA); the International Federation of Chemical, Energy, and Mining Unions (ICEM); the British Trade Union Congress; and. The Coalition estimated at that time that trade unionists’ money accounted for approximately 19 percent of Rio Tinto’s shares, held mostly by pension funds.

In June of 2002, CFMEU and AMWU won a series of unfair dismissal test cases against Rio Tinto in the Australian Industrial Relations Commission. The result was a $25 million payout and 20 jobs. In December 2002, Rio Tinto lost an additional unfair dismissal case. It was revealed during this case that Rio Tinto’s motivation in the dismissals was to reduce union membership. On August 7, 2006, workers at the company’s Escondida mine in Chile went on a month-long strike after failed salary negotiations with management. (The mine is 30% owned by Rio Tinto; 57.5% owned by BHP Billiton; and 10% owned by a Japanese consortium.) The workers threatened strike action the previous week after the mine’s 2,000 workers rejected a pay offer. The Escondida Workers’ Union No. 1 was seeking a 13% salary increase due to high inflation rates. The Union also claimed that management has failed to address certain conditions for working women, particularly truck drivers. The month-long strike was ultimately resolved when management and the union reached a deal, but not before the strike had significant effects on the company’s copper production.

In 2003 the company was engaged in a dispute with US unions at Kennecott Copper. A new 6 year collective agreement was recently concluded, but then the company terminated 120 workers 2 days later. While the Kennecott Copper operations did have profitability concerns, the timing of the dismissals, and the particular workers targeted, arguably amount to discrimination on the basis of union activity, which is a breach or core ILO labor standards.

A report released by the Ecumenical Council for Corporate Responsibility in June 2006 stated that “while Rio Tinto has improved its social, environmental and ethical performance, there are still issues of serious concern.” The latest strike at the company’s Escondida mine in Chile, and the reinstatement of the human rights claim brought by Bougainville islanders in Papua New Guinea, it appears that Rio Tinto’s labor problems are significant and ongoing.

Assessment
Throughout its history, but in particular in recent decades, Rio Tinto has been the subject of criticism from civil society groups with respect to a range of environmental, social and labor issues. The company has made a massive effort to repair its image, but the question of whether it has made genuine changes or has been “green-washed” looms large.

www.radioaustralia.net.au/news/stories/200808/s2332995.htm

Dass Watawi,einer der Initiatoren des Invincible Deals dagegen ist überrascht ja nun wirklich nicht ;-))))))

Papua New Guinea's Autonomous Bougainville region is opposing Australian plans to engage advisors in its government.

Australia through its international aid agency AusAid has put forward an advisory submission to the Bougainville government.

It wants Australian officials to be placed in advisory roles in the Bougainville government administration.

However Bougainville Commerce and Trade minister Joseph Watawi says there has been no consultation with the Bougainville government.

Mr Watawi says the proposal was done in Canberra, and told Radio Australia's Firmin Nanol that the Bougainville government will not allow it to be forced through.

But Australian government officials in PNG say the advisory postions have already been jointly agreed to by the Bougainville and Australian governments.

out of the Panguna area to take the role.
He will be visiting Panguna shortly to outline the time frame and what
will be required of the major clans during the consultative period and
during the actual reconciliation.
Mr Pentanu will also be responsible on update the National Government on
activities happening in the area.
Mr Miringtoro said Panguna was lagging in any developments that took place
on Bougainville and with a proper reconciliation process the area would
move forward.
He said during the consultation process, all clans as well as the old
Panguna Landowners' Association (PLA) and the new Ositanata Association
(new Panguna landowners association) would get down to the root cause of
all problems so each individual issues were dealt with.
PLA chairman Michael Pariu said the reconciliation process would start
from within villages and once this was over, the villagers would then
assist the ex combatants in Panguna to reconcile with other ex-combatants
throughout Bougainville.  

high, low and close exceeding yesterday's levels. ;-)))))))))))))))))


www.buyselltips.com/BuySellSignals/com/bst/...rdStockSector.do

12 August, 2008 (16:00:00 AEST)

BOUGAINVILLE COPPER SOARS 11.3% ON FIRM VOLUME, IN SIGNIFICANT UPTREND August 12, 2008 16:00:00 AEST

Bougainville Copper (BOC) soared 13.0c (or 11.3%) to $1.28. Compared with the All Ordinaries Index which rose 21.1 points (or 0.4%) on the day, this represented a relative price change of 10.9%.

TECHNICAL ANALYSIS
Significant Uptrend
Price Trend: The price soared 11.3% in the last week and 16.4% in the last month.
Relativities: Compared with the All Ordinaries Index which rose 4.3% for the week and 0.4% for the month, this represented a relative price increase of 9.9% for the week and 15.9% for the month. Since open its percentile rank in the Australian market was 97. In the Australian market of 2,115 stocks, the stock has a 6-month relative strength of 96 which means it is beating 96% of the market. A price rise combined with a high relative strength is a bullish signal.
Moving Average Price (MAP): The price to 200-day MAP ratio is 1.11, a bullish indicator. In the past 200 days this ratio has exceeded 1.11 90 times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of $1.22 is higher than the 200-day MAP of $1.16, a bullish indicator. The 200-day MAP has increased to $1.16. An increase is another bullish indicator.
Breakout: The stock traded at a one-month high of $1.29 today. The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.
Support: The support price is hovering at the 99.0c level. Volume traded at the strong support price zone was 1.0 times average during the three occasions when the support price was breached. In the last one month the first low was at 99.0c on Jul 17, the next at 99.0c on Jul 18. The third decline halted at $1.0 on Jul 21.
Resistance: In the last one month the high was at $1.29 on Aug 12.

PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday low of $1.19 and one-month high of $1.29. The price range has expanded in the last two days (from 5.0c two days ago to 10.0c today) which, accompanied by a price rise, is a bullish signal.
Volume and Turnover Period: There were 57,050 shares worth $70,465 traded. The volume was 1.2 times average trading of 46,232 shares.
% Discount to High: The last price is at a discount of 34.0% to the 12-month high of $1.94.
Volume Weighted Price (VWP): The price is at a premium of 14.2% to the 1-month volume weighted average price of $1.12. Given that this premium has been under 14.2% one hundred one times and over 14.2% twenty-four times in the last year, the downside:upside probability is estimated at 101:24 or 4.2:1.
Beta is 1.3.

www.abc.net.au/ra/programguide/stories/200808/s2334299.htm


Papua New Guinea's Autonomous Bougainville government is protesting against Australian plans to post political and economic advisers to the regional administration.

Presenter:Firmin Nanol
Speakers: Joseph Watawi, Bougainville Commerce and Trade minister Bill Costello, AusAid PNG acting director

NANOL: Australia through its International Aid Agency- AusAid has put forward a proposal to the Bougainville government.

It wants Australian officials to be placed in advisory roles in the Bougainville government administration.

Bougainville Commerce and Trade minister, Joseph Watawi, says there has been no consultation with the Bougainville government.

But he concedes Bougainville does need help in the areas of economic recovery and legislative drafting.

WATAWI: We were not actually consulted on this thing, and I do not think it is the way to go. We certainly need assistance in certain strategic areas as part of our capacity building in terms of taxation and revenue, legislative drafting as we are a new government, so we definitely need an adviser in terms of legislative drafting. We also certainly need an economic adviser in our planning office. We should not just immediately go ahead with these things without actually allowing ongoing consultation so that everybody knows exactly what happening.

NANOL: Mr Watawi says Bougainville also wants Australia and donor partners to train Bougainvilleans to fill the positions that advisers would occupy, and doesn't like the idea of short term advisers.

WATAWI: Some advisers coming in and sitting in here for may be just about six months or so, and then all of a sudden when the contract is up they leave. And we went through some of this experience. We had a couple of advisers, initially, all of a sudden, may be after one month or two months of engagement, they just left and we do not want to repeat this thing. We want to build capacity in terms of training our men and ensuring that we sustain our manpower resources and that is what I am on about.

NANOL: The acting head of AusAid's Acting Director Bill Costello says the plan to have eight additional advisers sent to Bougainville is not new.

And he says the positions have already been jointly agreed to by the Bougainville and Australian governments.

Mr Costello says it comes under a review of AusAid's assistance undertaken last year to help Bougainville build its capacity.

COSTELLO: We put together a new plan to address the needs of the Bougainville Government as they currently exist and that led to a package of advisory assistance.

In terms of the issue of the types of advisers and their roles. One of the issues we raised there is about whether advisers should be long term or not. And I think the answer to that is it depends a little bit on the specific requirement of the job. But as a general rule, yes, it is good to have people there who have been there for a while and who know the situation on the ground. The entire purpose of providing advice is to boost the capacity of the Bougainville Government to deliver services, to promote the environment for economic growth, and to improve the development prospects of Bougainville.

NANOL: He says a number of people are being recruited to work in areas such as finance, taxation, budgets, legislation, policy and planning, economic development and human resources.

Bill Costello says two areas identified as priority needs by Bougainville- economic development and legislative drafting - will be supported.

www.thenational.com.pg/081408/nation6.php

By HARLYNE JOKU
ONE of the founding fathers of the PNG Constitution, John Momis, warned yesterday that the concerns of the people of Bougainville must be addressed before the Government could consider reopening the Bougainville copper mine.
Mr Momis, PNG’s ambassador to China, made the remarks as one of the key-speakers at the 2008 UPNG Waigani Seminar which started at the University of PNG’s main lecture theatre yesterday.
He said the Bougainville crisis of the late 1980s and 1990s was inevitable as successive Governments refused to listen to the pleas and grievances of the landowners and people of Bougainville.
“I warned the Government many times that the Bougainville copper agreement had to be reviewed and that unless they took note of the grievances of the Bougainville people, there would be a bloody war,” Mr Momis said.
But at that time the Government was more concerned about power and was not prepared to listen, he added.
Mr Momis returned to PNG from Beijing, China, this week despite the staging of the Olympic Games there.
He came to share his thoughts at the Waigani Seminar on how he and the Prime Minister Sir Michael Somare had guided and chartered the way forward for democracy to make the Autonomous Bougainville Government now a reality.
Mr Momis was one of the prominent Papua New Guineans invited to address the seminar.
He said Bougainvilleans had felt alienated and devoid of power since the development of Bougainville copper mine on the island.
“They elected me as their MP with a mission in my lifetime to ensure that they are empowered and become part of the political and development process.”
Mr Momis said no Government had the right to deprive its people of participation in the decision-making processes.
He said when people felt alienated with no power, they would rebel.
“Our people must participate in the decision- making processes and development of their resources and they must not be just passive observers,” Mr Momis said.  

www.thenational.com.pg/050807/column4.htm

Taming the inner dictator in us

"THERE is dictator in every person and it constantly screams: "You can have anything you want, if only you had absolute control."

It finds expression everywhere – in the home, on the sports field, at work and in the political arena.


The father exercises his personal dictatorship when he exerts his will at home and the son walks his pet dictator when he exerts his authority over his team on the sports field and so on.

This insistent bug is particularly virulent in those who have tasted political power already.

And so, aided by greed and visions of grandeur and majesty, the man is a most willing accomplice to his inner dictator's devious schemes.

Mostly, however, both are kept under control by convention and common sense and live merely in the twilight zone of harmless dreams.

But every once in a while, by accident of birth or death or thought, word or deed, the ideal opportunity presents itself for dream to be translated into reality.

Such an opportunity is our Autonomous Region of Bougainville.

I had better explain.

The autonomous region concept is very new to PNG. Indeed, nobody, including those engineering and implementing the concept on Bougainville is 100% certain of the nature of the animal they are nurturing.


The Bougainville Constitution grants the autonomous government wide ranging powers over all but foreign affairs, defence and financial matters.

Only Bougainvilleans will have access to political power in the proposed autonomous province. The Bougainville Constitution stipulates that only a Bougainvillean may:
*Own customary land;
*Be a candidate in any election and any other elected body;
*Vote in any such election; and
*May have additional rights provided for by a Bougainville law.


The Constitution names the province as the Autonomous Region of Bougainville and adopts for the future government powers never before available to any provincial government in PNG.

The Bougainville Constitution, currently being circulated for comment, provides for Constitutional offices such as:
*Chief Justice and judges;
*Public Prosecutor;
*Public Solicitor;
*Public Services Commission;
*Electoral Commission;
*Boundaries Commission;
*Auditor-General;
*Chief of Bougainville Police;
*Chief of Bougainville Correctional Service;
*Ombudsmen Commission and a Leadership Code; and
*The Bougainville Salaries and Remuneration Commission.
Nobody knows whether we are witnessing the transition phase for a province of PNG with a troubled past into an independent state or whether it is going to be another political entity within the precincts of PNG but with far greater powers devolved to it.


However confusing the concept might be at this early stage, one idea rises supreme and that, in two words, is: More Power.

And that idea or message is going to appeal to that inner dictator in so many throughout the country. Already many regions and provinces throughout the country have indicated interest in the concept.

And since allowance has been made for Bougainville, there is going to be increasing pressure for the same to be allowed for other regions or provinces in the country.

When that happens and it a matter time before it does, it will spell disaster for PNG.

The PNG State, which is at best a loose collection of regions and tribal nations, is already fragile because individuals offer their allegiances more to their regions or tribal nations than to the PNG nation

Add to that the socio-economic problems facing the country and a small autonomous region appears more alluring.
Yet 32 years later, provincial leaders are yet to come to grips with and use the powers available to them under the Organic Law on Provincial and Local Level Governments or its predecessor, the Organic Law on Provincial Governments.

In most instances, the second- and third-tier systems of Government in PNG have been abject failure. That "failure" statement needs qualification.


It is not the concept or the laws that need modification. It is approach and application of the laws and policies that need drastic overhauling.


PNG has been blaming the laws and the systems and processes and has been trying to modify them all the time and has been blind to the real culprit: The human factor.


Laws, systems and processes are only as good as the people who run them. If the people are no good, the system will be no good. If they are good, success is a matter of course.

The truth of the above statement is in the reforms to the provincial government system which came into force in 1995.


Thirteen years on, delivery of goods and services to the rural populace has not moved one iota. Yet there are more paid politicians at every level of Government and political power playing has reached the village level.

If only goods and service could follow, the rural population would be the better for them.

There is a lesson from history that all should learn from.

This is the second time that Bougainville has gone after something which has been imposed unwittingly upon an unprepared PNG.


In the first instance, the provincial government system was imposed on PNG on the back of a black mail by Bougainville in 1976 to secede from the year old Independent State of PNG.

The Father of the Decentralization Principle is John Momis, long time Regional Member for Bougainville since 1972 who only resigned his seat just recently to contest the Bougainville government elections.

As deputy chairman of the Constitutional Planning Commission, it fell to him to put the final nuts and bolts of the PNG Constitution in place. Chairman Michael Somare was busy putting the nuts and bolts to the peaceful transfer of powers and functions from Australia to be bothered with the Constitutional paperwork.

The Decentralisation Principle found expression at Chapter 10 of the Constitution of PNG which called for the establishment of a provincial government system as soon as the Organic Law and the other enabling laws were approved by Parliament.
With so much on the Constituent Assembly's plate and with the date for Independence a fortnight away, the assembly when it met in August 1975 for the last time, threw out Chapter 10 in its entirety for possible debate and inclusion at a later date.

For John Momis, the heart had been carved out of the PNG Constitution and in 1976 he and other Bougainvilleans agitated for secession when he walked out of Parliament with all the Members of Bougainville. This led to the first amendment and the inclusion of the provincial government provision.

Had the provincial government system been applied in progressive manner with provinces only attaining provincial government as they became eligible for them, ours might have been a different story. But as it turned out, Bougainville got provincial government, every other province clamoured for it and got it. Many were unprepared and the result is now common knowledge.

And now we stand on the threshold of Bougainville attaining another political entity. Under the law, although not stated explicitly it is implied that this is a special case for Bougainville alone because of the bloody uprising there.
But every province is going to want autonomous government as Bougainville can make it work as it did the provincial government system before the crisis.

But the rest of PNG is not prepared. If it cannot handle the powers available under the provincial government system, how can it handle increased powers. It is a recipe for disaster. It is time to tame the inner dictator

Fight)

leftclickblog.blogspot.com/2008/08/...on-bougainville-our.html

www.stocknessmonster.com/news-item?S=BOC&E=ASX&N=303798

Wie erwartet wird die Veröffentlichung der OoM Studie auf November verschoben,gleichzeitig wurde die Firma Hatch-Consulting engineering and project implementation www.hatch.ca/ damit beauftragt die Konzeption der gesamten Minenanlage auszuarbeiten was darauf schliessen lässt dass die Projektplanung schon viel weiter fortgeschritten ist als offiziell kommuniziert wird.Unter www.hatch.ca/Video/universalHatch.html hat Hatch einen Film über ihre Aktivitäten veröffentlicht.

Ein Grund für die Verschiebung der Veröffentlichung der OoM Studie könnte darin liegen dass die Reconciliation Meetings der Panguna Landowners noch nicht abgeschlossen sind.Die Veröffentlichung der BCL Wiedereröffnungspläne würden da bestimmt kontraproduktiv wirken.

Die Details des aktuellen Landeignertreffens lassen darauf schliessen dass es kurzfristig zu positiven Ergebnissen kommen sollte.

1st PLO Recon Consultative Meeting.pdf kann man unter www.undervalued-shares.com/de/club/...9469224B4C9CE25&page=14Æ downloaden.

Weiß eigntlich jemand, wann ein neuer Präsident gewählt wird?

Tom

Die Neuwahlen sollten im Januar stattfinden.

Hier eine auf Bougainville kursierende (inoffizielle u. noch nicht komplette)Liste der möglichen Kandidaten.

1. Reuben Siara
2. Sam Akoitai
3. Clarence Coxzunie
4. Raymond Hakena
5. James Tanis
6. Sam Tulo
7. Joseph Watawi
8. Nick Peniai
9. Joel Banam
10.Andrew Miriki

Ein weiterer möglicher Kandidat ist Jimmy Miringtoro.MP vom Bougainville-Mitte Distrikt zu dem auch Arawa,Panguna u. Aropa gehört,hat er die volle Unterstützung der Landeignerclans.Er kann als die treibende Kraft,sowohl bei der Ausrichtung der "Reconciliations,als auch bei den Verhandlungen zum neuen BCA angesehen werden.Zudem hat er die volle Unterstützung von PNG PM Somare.

Fehlt noch Leo Hannet - oder?
Will der nicht mehr?

Tom

www.postcourier.com.pg/20080826/tuhome.htm

BRDC deal still unclear

ATTORNEY-General and Justice Minister Dr Allan Marat yesterday said the way in which Bougainville leaders came about with the Bougainville Resource Development Corporation (BRDC) deal was still unclear.
Dr Marat said yesterday that he as the Justice Minister was still confused about how the deal eventuated and could not comment until he was clear of several issues surrounding it.
He said there was still uncertainty surrounding the issue including the drawdown of powers to the ABG and explained he would be satisfied and relieved if Bougainvilleans quoted to him where in the National Constitution talked about activities like that.
He also said there was confusion among Bougainvilleans about mining powers, whether they had been drawn down
“To tell you the truth, there’s still some confusion from those 15 steps (that were passed in Alotau from the Joint Supervisory Body meeting) . . . some are saying those steps are trying to tell everyone the powers have not been transferred to Bougainville.
“But some are saying we don’t really understand those steps because what is in the Constitution of PNG to have the powers transferred is there already and therefore ABG has those powers already,” Dr Marat said yesterday.
“But I don’t know what powers have been settled with ABG, what mining powers have been settled with ABG because there is not unity in the National Government and ABG . . . that’s what I am not properly briefed on.
“I know the ABG office here is working flat out but which powers are in the hands of the ABG and that ..pursuant to that they established the BRDC.
“That’s where the uncertainty is. I need to clear up in my own mind what power is settled with ABG on it . . . that is transfer from the National Government and in terms of mining powers where . . . but they are saying under the constitution, yes, it’s been transferred to them.”
A check with the Attorney-General’s legal advisers cited Provision 23 of the ABG Constitution which talked about the resources belonging to Bougainville (under the ABG Constitution), “it doesn’t tell you that you form a company and that you own the resources,” the legal eagles of the office said.

www.dasinvestment.com/...x_ttnews[backPid]=77&cHash=cccddb3896

Wer erinnert sich noch an Siegels den "Minenexperten" und seine VK-Empfehlung zu BCL beim Kurs von 0,30 €

......Bislang war Martin Siegel Berater des Fonds. Der Vermögensberater aus Bad Salzuflen setzte vor allem auf Börsenleichtgewichte. Firmen mit einem Börsenwert von wenigen hundert Millionen US-Dollar machten etwa ein Fünftel des Fonds aus. In den vergangenen zwölf Monaten verlor Siegels Portfolio knapp doppelt so viel an Wert wie der Durchschnitt seiner Vergleichsgruppe.

....Siegel hätte damals wohl besser BCL ins Portefolio aufgenommen,vielleicht wäre er dann jetzt nicht gefeuert worden ;-))))))))))))))))))))))))))

Mining firms: China's stake in Rio Tinto gets all-clear from Australia

Ein potenzieller Abnehmer für BCL,direkt vor der Tür ;-)))))))))))))))))

www.guardian.co.uk/business/2008/aug/25/mining.riotinto

The Australian government has approved the Chinese acquisition of a stake in the mining group Rio Tinto, potentially throwing an obstacle in the path of BHP Billiton's £70bn bid for the company.

Chinalco, in partnership with the American mining group Alcoa, spent £7bn to become Rio Tinto's largest shareholder in February. The acquisition of 12% of Rio Tinto's London shares was the biggest single foreign investment made by a Chinese company to date and had to overcome serious political concerns in Canberra.

In a statement released yesterday the Australian treasurer, Wayne Swan, said he would allow the Chinese company to buy as much as 14.99% of Rio Tinto's London shares. Rio Tinto has a dual listing in Sydney and a 14.99% stake in London would equate to around 11% in the entire group.

But he set two conditions; that Chinalco does not raise its stake above that level without fresh approval from the Australian government and that it will not seek to appoint a director to the Rio Tinto board as long as its stake remains below 15%.

It is debatable whether Chinalco will feel bound by the conditions. In an interview in June, Chinalco president Xiao Yaqing suggested that the company did not need Canberra's approval because it had bought the shares in London.

Chinalco's swoop on Rio Tinto was widely regarded as an attempt to block the BHP bid rather than a precursor to its own takeover attempt. Beijing is said to fear that a merger of BHP and Rio Tinto would spark an increase in the price of raw materials. A combined BHP and Rio Tinto would be worth £170bn and control about 35% of the world's traded iron ore.

BHP Billiton chief executive Marius Kloppers has played down the significance of the Chinese stake in Rio Tinto. BHP made its hostile all-share offer conditional on only 50% acceptances, which means it is not necessarily reliant on the support of Chinalco. But Stephen Bartrop, a resources analyst at Stock Resource in Sydney, told Bloomberg that the Chinese stake in Rio Tinto "creates uncertainty about whether or not BHP will get its deal over the line".

The west has been wary about the growing financial clout of China, with governments scrutinising deals for political intent. In the United States, a Chinese company was allowed to take over the personal computer business of IBM, but another, CNOOC, was blocked from buying oil company Unocal. The Australian government recently blocked the Chinese steelmaker Shougang from buying a 20% stake in Perth-based iron ore producer Mount Gibson. A Chinese bid for the Canadian aluminium group Noranda was also scuppered by political objections.

Swan said the conditions imposed upon Chinalco would be sufficient to protect Australia's national interests.

BHP is awaiting regulatory approval before sending out its offer document. Washington has already given its approval while Europe is expected to rule by December 9. Australian regulators will give their final verdict in October.

www.investor-verlag.de/newsletter_archiv/rd/

von Michael Vaupel

Das Problem bei den Explorer-Aktien ist das Herausfiltern der wirklichen Perlen.Ich empfehle Ihnen die gleiche Vorgehensweise.


Bedenken Sie: Die Manager der schlechten Explorerunternehmen sind sehr clever. Die wissen ganz genau, wie sie ihre Unternehmen präsentieren müssen, damit Anleger auf die Aktien aufmerksam werden.

........das BCL Management hält nicht nur den Ball absichtlich flach sondern versucht sogar die aufmerksam gewordenen Anleger mit Pressemeldungen zu verunsichern.(...die Wiedereröffnung ist noch Jahre entfernt...)

Jeder Explorer sagt, dass er über Lizenzen für Gebiete mit gigantischen xxx-Reserven und -Ressourcen verfügt (bei xxx bitte einsetzen: Gold-, Silber-, Uran-, Öl-, Platin-, Kupfer-, Nickel- etc.).

....BCL besitzt neben 7 weiteren Lizenzen mit der Pangunaliegenschaft  eine erwiesenermassen während 17 Jahren hochprofitabel produzierende Mine.

Das macht es selbst Branchenexperten so schwer, den einen Diamanten unter den 10 Glassteinen herauszufiltern, die nur wie Diamanten geschliffen wurden. Fraglos gibt es unter den Tausenden der Rohstoff-Explorer ganz hervorragende Qualitätsunternehmen, deren einziger „Fehler" es ist, dass sie sich noch in einem sehr frühen Firmenstadium befinden.

... BCL ist nicht in einem sehr frühen Firmenstadium,(im Gegenteil ;-))))),es braucht nur noch der politischen Entscheidung des ABG.

Diese Unternehmen werden von Explorern zu Produzenten aufsteigen und ihren Anteilseignern über die Jahre grandiose Gewinne von mehreren Tausend Prozent bescheren. Aber dafür müssen Anleger vorher die Spreu vom Weizen trennen. Wie bereits angedeutet, ist das im Explorer-Sektor leider extrem schwer. Das liegt vor allem an 4 Gründen:


1. Grund:


Die schlechten Explorer und vor allem die schwarzen Schafe wissen längst, mit welchen Pressemitteilungen und welchen Formulierungen sie die Gier der Anleger auslösen können. Das bedeutet: Die Meldungen der Explorer klingen fast alle gleich. Das erschwert es den Anlegern herauszufiltern, welche Meldungen wirklich fundamental gut sind.


2. Grund:


Es gibt bei der Masse der Explorer kaum Belege für die Prognosen und Versprechungen. De facto vertrauen Sie Ihr hart erarbeitetes Geld den Versprechungen eines Managements an, dessen Menschen Sie noch nie im Leben gesehen haben.

.....ganz im Gegensatz zu BOC

Hier sollten Sie sich den entscheidenden Punkt der Aktienanlage immer wieder genau vor Augen führen. Eigentlich ist dieser ebenso logisch wie selbstverständlich.


Aber trotzdem ist auffällig, dass die Masse der Privatanleger diesen alles entscheidenden Fakt im gierigen Rausch nach Gewinnen immer wieder vergisst: Wenn Sie eine Aktie kaufen, dann werden Sie Teilhaber dieses Unternehmens!


Sie investieren Ihr eigenes Geld in diese Firma und werden damit Besitzer (wenn auch meist nur ein kleiner) dieser Company.


Die meisten Explorer haben bisher kaum Probebohrungen mit Testergebnissen aufzuweisen. Von den wichtigen N43-101-Studien ganz zu schweigen. (Die N43-101-Studie über Explorationsergebnisse ist eine spezielle Studie, die von der Toronto Stock Exchange offiziell anerkannt und ist deshalb qualitativ besonders anspruchsvoll ist).


Das ist der große Unterschied zwischen dem Explorer-Sektor und anderen Wirtschaftszweigen:

www.postcourier.com.pg/20080827/wehome.htm

Treffen der Panguna Landowners Association mit Central Bougainville MP Jimmy Miringtoro und dem neu gewählten Panguna reconciliation mediator Simon Pentanu zur Vorbereitung der Versöhnungsfeiern.Wenn alles klappt sollten die Reconciliations kurzfristig abgeschlossen werden ;-)))))))))))

PLA to continue peace, reconciliation awareness

By Eric Tapakau
THE Panguna Landowners Association will continue to promote peace and reconciliation as part of the peace agreement, chairman Michael Pariu said.
Mr Pariu said the group will not be deterred by factions from within the Panguna area who claimed to have authority and disrupted the reconciliation process already firmly underway.
Mr Pariu was responding to media reports by Ioro Constituency Member in the Bougainville House of Representatives Dr Benedict Pisi and Me’ekamui government of unity chairman Philip Miriori that there should not be any reconciliation in Panguna.
He said these two men should not make such comments as they never attended reconciliation consultative forums when they were invited.
One such meeting was held on Monday this week and again the two men failed to attend and another consultative forum on reconciliation will be held this Friday and they are expected to attend.
Panguna reconciliation mediator Simon Pentanu and Central Bougainville MP Jimmy Miringtoro attended the forum on Monday.
Mr Pariu said the Panguna landowners would continue on carrying out awareness programs on reconciliation so the people in the Panguna area are aware of the process.
He said the actions of Dr Pisi and Mr Miriori were not in the spirit of the Bougainville Peace Agreement signed in 1989 between the Panguna landowners and the National Government headed by former Prime Minister Sir Rabbie Namaliu.

RT steigert Halbjahresgewinn um 113% auf 6,91 Mia USD

Da sollte eine 1,5 Mia Kapitalbeschaffung für die Wiedereröffnung der Pangunamine nicht wirklich ein Problem darstellen.

www.independent.co.uk/news/business/news/...-691bn-909772.html

By Sarah Arnott
Wednesday, 27 August 2008

Strong commodity prices are helping Rio Tinto, the world's second largest mining company, to beat all its records – and it is still saying no to rival and suitor BHP Billiton.


Rio Tinto's net earnings for the half-year to June ballooned by 113 per cent to $6.91bn (£3.76bn) compared with the year before, on revenue up to $30bn from $13.9bn, including the acquisition of Alcan, the aluminium producer, a year ago. Strong demand for bulk products, particularly iron ore, alongside the contribution from Alcan, pushed underlying earnings up by $616m, the company said.

Not content to reap the rewards of the massive price hikes attributed to demand from developing economies such as China and India, Rio Tinto poured $3.7bn of capital expenditure into the business, nearly double the amount in the same period of 2007, and the group hit production records in key areas including iron ore, bauxite, alumina and aluminium. The integration of Alcan will generate synergies of $1.1bn from the end of next year, way above initial estimates of $600m.

Rio Tinto's management were at pains to stress the durability of Chinese demand despite the slowing of Western economies – partly in response to market concerns that commodity prices may be peaking, and partly to shore up the contention that BHP Billiton's $150bn offer undervalues the company.

"Commodity demand in China is not Olympics-driven or Beijing-driven, but a vast structural shift reflecting urbanisation and industrialisation of hundreds of millions of people across every province in the country," Tom Albanese, the chief executive said.

BHP was quick to reiterate its case yesterday. Alberto Cald-eron, the BHP chief commercial officer, said: "Rio Tinto has had strong results, and last week we had strong results, so we have all stayed where we are and the relative contributions in putting the two companies together remains the same."

But the Rio Tinto board is sticking to its guns. Paul Skinner, the chairman, said: "Our position with respect to BHP remains unchanged. The business has very strong momentum and excellent growth prospects."

Although Rio Tinto's share price closed down 0.56 per cent at 5,150p, City analysts were broadly positive. Nick Hatch, a head of research at ING Bank, said: "This was a stronger than expected performance and represents the last chance the group will have to demonstrate its financial strength ahead of expected rulings from regulators on the takeover proposal."

Than First

seekingalpha.com/article/...ven-better-than-first?source=yahoo

Rio Tinto (RTP), the world’s second-largest mining group, which is currently fighting a $147 billion hostile takeover bid by BHP Billiton (BHP), on Tuesday reported a record ‘08 first-half profit. The company’s net income more than doubled in the January-June period to $6.9 billion, from $3.3 billion a year earlier, and revenue rose to $27.2 billion from $12.1 billion.

The company attributed the solid results, besides strategy and execution, to unprecedented demand for minerals and metals as its iron ore division posted an increase of 162% in the first half to $2.8 billion.

Unquestionably, and despite two weeks of self-imposed slowdown during the Olympics, China remains Rio’s biggest customer. In fact, according to Times Online, Rio Tinto expects a post-Olympic Chinese boom with the fastest growth areas in China moving from the eastern big cities such as Beijing, Tianjin and Shanghai to inland provinces. Tom Albanese, chief executive of Rio Tinto, said:

There are provinces with populations larger than most European countries that are only now beginning to see rapid development.

Rio Tinto said it expected an even stronger second half after inking an agreement with China’s largest iron and steel maker, Baosteel, which represented China’s steel industry at the negotiations at the end of June. Baosteel agreed to a 96.5% price increase for iron ore for 2008. Japanese and Korean steel makers have also agreed for an 86% increase in the price of iron ore. Tom Albanese emphasized that growth will continue, while stressing his position that Rio’s strong growth is evidence that a $147 billion bid by rival BHP Billiton undervalues the company.

Rio has committed itself to at least a 20% full-year increase this year and next.

www.rnzi.com/pages/news.php?op=read&id=41743

Radio New Zealand International
Mining set to be major issue in Bougainville presidential election
Posted at 04:15 on 29 August, 2008 UTC

Mining is set to become a major issue for the upcoming presidential election in the autonomous Papua New Guinea province of Bougainville.

Bougainvilleans, who are due to go to the polls in late November, appear divided over whether the province should resume mining activities.

There are fears that a new deal involving mining that the autonomous government has entered into with a Canadian company, Invincible, could re-ignite the tensions which sparked Bougainville’s bloody civil war.

However Anthony Regan, from the Melanesia Programme at the Australian National University, who is also an advisor to the Bougainville government, says a consensus has emerged among the leaders that large-scale mining is the way to go.

“So there could be quite a lot of controversy during the election campaign, a lot of differences amongst people over the future of mining. The election’s likely to turn into a sort of referendum on what way to go with mining with some people opposed to this deal with Invincible Resources, others pushing ahead, seeing that as the way in which Bougainville could become a sort of Kuwait of the Pacific.”

mine

Präsidentenneuwahl im November,OoM Studie soll im November veröffentlicht werden,Landeigner Reconciliations sollen ende des Jahres abgeschlossen sein,wenn alles klappt könnte 2008 noch das BCL Jahr werden ;-)))



www.abc.net.au/ra/programguide/stories/200803/s2202160.htm

There are 'positive prospects' for reopening the Panguna copper mine in Papua New Guinea's Autonomous Bougainville province, with local landowners planning a major reconciliation. The mine was closed nearly 20 years ago during a secessionist conflict led by the late Francis Ona, which was sparked by landowner issues and environmental damage caused by the mine.

presenter: Firmin Nanol
Speakers: Landowner Lawrence Daveona; PNG Mining Minister Doctor Puka Temu

NANOL: The Bougainville conflict that broke out in 1989, when rebels under the leadership of the late secessionist, Francis Ona, attacked the mine workers and installations over environmental pollution they alleged the mine was causing.

The mine was abandoned, and thousands of Bougainvilleans died in the subsequent civil war before a peace accord was reached in 2001.

Now, leaders from land-owning clans where the Panguna gold and copper mine now lies idle say they want to reconcile the differences which led to the Bougainville conflict.

Bougainville President, Joseph Kabui belongs to one of the clans - and has declared 2008 as the year of reconciliation for Bougainvilleans.

Landowner Lawrence Daveona says the conflict started within the three land-owning clans, which accused each other over a perceived unfair sharing out of the mine's benefits.

He says they're now keen to bury their differences.

DAVEONA: I have no deep rooted hatred for any of my relatives whether they are immediate family members or second cousins like Francis Ona, they have all died and what we've got is a lot of descendants. It's for their own real future that we have been talking about our own immediate Panguna landowner families reconciliations over these years.

NANOL: Lawrence Daveona says Francis Ona - who was his first cousin - accused his landowning clan of keeping an unfair share of the mine's profits.

Ona went on to form another land-owner group that Bougainville Copper, which owns the mine, did not recognise.

DAVEONA: Franis Ona being what he was he has a lot of good leadership capabilities and that's why he did it, and there's really nothing wrong with his intentions just that a lot of this youth began following him, he did not know how to control them when the whole thing fell apart.

NANOL: PNG Mining Minister Doctor Puka Temu has commended the landowners' leadership in seeking reconciliation, and is supportive of the mine reopening soon.

TEMU: It's something that we've been waiting for, we've been worried and once we affirm that there is peace and law and order then that will help facilitate the discussion towards when would we agree about reopening the main again.

NANOL: But landowner Lawrence Daveona says the purpose of the family reunion and reconciliation is not ultimately about getting the mine re-opened.

DAVEONA: That is an issue that our autonomous government and the national government and the company, Bougainville Copper, they have to sort it out where they stand on the opening of the Panguna mine.

NANOL: He says the main interest in reconciliation is to enable the families and children of those involved in the 1990s conflict to lead normal lives.

DAVEONA: Our main aim is really to bring our families to live in peace with a stable mine and knowing that what has happened has happened and let's look forward to a better future.

NANOL: Nevertheless, Bougainville Copper - which once owned the world class Panguna gold and copper mine has indicated its willingness to reopen the facility.

However, with Bougainville seeking the transfer of mining powers by June this year, there's likely to be more trouble ahead - with the autonomous region's government involved in a tug-of-war with Port Moresby over ownership of the island's mineral resources.

www.postcourier.com.pg/20080827/wehome.htm

By Graeme Binin
ASSISTANT Commissioner of Police on Bougainville Peter Nessat confirmed that a United States citizen with links to the U-Vistract fast money scheme operator Noah Musingku is being held under house arrest at a hotel in Buka.
The American identified as John Green was prevented from boarding an Air Niugini flight out of Buka last Saturday by Autonomous Bougainville police.
Mr Green was in the company of a local U-Vistract official when both of them were held and taken in for questioning.
Mr Nessat said Mr Green had a valid visa and passport, however, police wanted to interrogate him on his involvement with the notorious Mr Musingku (who currently goes by the title King David Peii) based in Tonu on South Bougainville who is wanted by police over several alleged crimes.
“Seeing the American in the company of the local U-Vistract official aroused suspicion in connection with the attack on a South Bougainville based police vehicle patrol last week at Tonu.
However, Mr Green was seen to be co-operating very well with police and it seemed he had high regard for the rule of law,” Mr Nessat said.
An attempt by the Post-Courier to interview Mr Green was refused as he did not want to talk to the media or have his picture taken at the Hanni’s Inn Hotel in Buka.
Meanwhile, U-Vistract followers who returned from Tonu on Monday confirmed they witnessed the attack on policemen which resulted in a police sergeant being seriously injured and his vehicle stripped bare at the Tonu roadblock.
Timothy Halean and Wesley Naguin from West Coast Buka said on Monday the men who attacked the police vehicle were commanded by rebel leader Damien Koike and they also removed an M16 rifle from the vehicle (which police have been instructed to carry as a last means of self-defence)
When asked to explain Mr Green’s link to Mr Musingku, Mr Halean said: “Mr Green was introduced to us by the ‘King’ (Mr Musingku) as a representative of the US government sent in by president George W Bush. He had assisted the king in his marketing in the US.”
Mr Halean confirmed that other expatriates from Australia, Asia and Germany were present at Tonu during the new Papala flag launching.
However, another U-Vistract source said Mr Green was simply another investor who had invested his money with U-Vistract and had come to Bougainville for the big pay-out.
The U-Vistract clients admitted they had not been paid any money at Tonu as promised earlier on as officials blamed technical problems which will be sorted out this week.

Relativities: Since open its percentile rank in the Australian market was 88. In the Australian market of 2,113 stocks, the stock has a 6-month relative strength of 93 which means it is beating 93% of the market.;-))))))))))))))))))))