Trading Bougainville Copper (ADRs) 867948

Quelle: Post Courier, 9.8.201

Forum addresses Panguna issue

HUTJENA Secondary School hall was packed to capacity when the Autonomous Bougainville Government (ABG) and ex-combatants gathered for a Mining Forum last Friday in Buka. The ex-combatants travelled from North, Central and South Bougainville and were led by Sam Kauona, Albert Magoi, Ishmael Toroama, Thomas Kereri and others.

The forum allowed the government to come out with its position on the planning process towards reopening the Panguna Mine.
During the forum the government thoroughly spelt out what they — the landowners, ex-combatants and Bougainville Copper Ltd (BCL) — needed to do before reopening the Panguna mine. A proposed negotiation structure for ABG and landowners as well as the BCL estimated time frame were discussed at the forum.

The proposed negotiation structure consists of the final approval for negotiating positions and for agreements by members of individual landowners associations, the Bougainville Executive Council and Bougainville Parliament. The forum clearly indicated how the Bougainville Executive Council will be set up to direct all negotiations. It will represent everyone including the landowners, ex-combatants, ABG and all Bougainvilleans.

The forum also pointed out that according to BCL’s ‘estimated timeline’, negotiations will start at the end of this year (2013) and continue into 2014 while pre-feasibility studies will begin in 2016. Actual feasibility studies will commence in 2017 followed by the construction hopefully in 2020.

...with agreement (Quelle: ESBC-Homepage)

Was sagt man dazu ??????? Was ist von LD zu halten, kürzlich hat er ja in den Medien eine Attacke gegen A. Sturm geritten? Es geht um sehr viel Geld und im Zweifel lässt er uns über die Klippe springen.....

By WINTERFORD TOREAS
THE signing of a memorandum of understanding between the Panguna Mine Affected Landowners Association (PMALA) and a Chinese company, Beijing Aerospace Great Wall Mineral Investment Ltd, in Buka last week has not gone down well with many Bougainvilleans.

This signing, which was facilitated by the Central Bougainville MP Jimmy Miringtoro and other key personnel in the landowners group without the Autonomous Bougainville Government’s knowledge has already drawn a lot of criticisms from people.



One of those who had openly expressed his disappointment by criticising this move taken by the landowners is the Minister for Mining in the Autonomous Bougainville Government Michael Oni (pictured). According to a text message sent by the Mining Minister to the PMALA Chairman Lawrence Daveona, Mr Oni said he was very disappointed with the approach taken by the Communications Minister Jimmy Miringtoro.

He said though PMALA had an open door policy for negotiating the Panguna mine, the approach taken by Mr Miringtoro was not accepted.

“Yes, PMALA has an open door policy for negotiating the Panguna mine. But I am very disappointed with the approach the National Minister has hijacked the parties into signing the MoU on Panguna mine without even informing the ABG of the new initiatives PMALA was taking,’’ Mr Oni said.


“This is a clear sign of the Bougainville National MPs disrespect for ABG.