Trading Bougainville Copper (ADRs) 867948

Quelle : www.bougainville-copper.eu/news-september-2013-2.html


Liam Fox reports`s

02.09.2013

Source: Australia Network News


New talks on Bougainville peace agreement

in Port Moresby


It's been more than 10 years since the Bougainville peace agreement was signed, formally ending Papua New Guinea's bloody civil war.

But, while at first there was a flurry of activity to implement the deal, in recent years the pace has slackened.

Now politicians and community leaders have gathered in Port Moresby to discuss Bougainville's future

New post on Papua New Guinea Mine Watch
                    §
          §
Momis peddling half-truths and sounding more than a little desperate…
by ramunickel

Mining essential for survival of Bougainville: President Momis

PINA

Mining is essential for the economic survival of Bougainville, Autonomous Bougainville Government (ABG) president John Momis says.

He, however, cautioned resource owners not to “get into bed with any Tom, Dick and Harry”.

Speaking at a “Sustainablity of Bougainville” seminar in Port Moresby last Friday, Momis said Bougainville could not depend on agriculture as many people were saying.

“We have a new mining law which, for the first time in Papua New Guinea and the Pacific, gives the total right of ownership to the landowners,” he said.

“But the right and the authority to issue licenses, right from exploration and development stages, belongs to the (Bougainville) government.

“It is the government’s responsibility to effect equitable distribution of benefits.

“It is the government that decides whether the mining project goes ahead.

“The landowners, the resource owners, own the resources, but the fact that they own these does not give them the license to get into bed with any Tom, Dick and Harry.

“They must do it only under the regime of the government.

“I’m sorry, my friends Jimmy Miringtoro and Lawrence Daveona, you are totally wrong.”

Momis said Bougainville could not depend on agriculture alone.
ramunickel | September 2, 2013 at 6:07 pm | Tags: Bougainville, John Momis, Panguna, Papua New Guinea, Rio Tinto | Categories: Financial returns, Papua New Guinea | URL: wp.me/pMvf7-2AO

in Australien nicht wirklich auf die - zugegeben kleine Anzahl - kritischen Stimmen reagiert, sondern bei geringen Umsätzen seitwärts tendiert.
Es scheint, dass die Investoren aus Bougainville - die ja den Einfluß der Minen Kritiker besser einschätzen können - trotz der leicht gestiegenen Kurse nicht einmal kleine Stückzahlen abgeben.
www.comdirect.de/inf/aktien/detail/...0#timeSpan=3M&e&

www.actnowpng.org/content/...ining-laws-consultation-documents


September 2nd 2013
Review of Mining Laws: Consultation documents
Posted by rait man

The government is carrying out a review of PNG's Mining Legislation.

As part of that process the Mineral Resource Authority is holding a series of regional workshops to gauge the views of stakeholders.

Below are the various background documents, reduced into slide presentations, from those workshops. The MRA advises that the actual draft review document will become available for final comments in 3 months time.
                              §
          §AS PP Presentation 3.pdf 83.15 KB
          §Mine Closure.pdf 1.12 MB
          §Mining Policy_(4)_Final_15.08.2013.pdf 544.74 KB
          §MSA & MSR REVIEWS - M.KERA (19.08.13).pdf 759.38 KB
          §Offshore Mining Policy_(4)_FInal_11.08.2013.pdf 594.7 KB
          §PNG IRP_jason_Aug 12 2013_final.pdf 1.24 MB
          §REVISED MINING ACT - Regional Forum - Aug 2013.pdf 1.07 MB

020913ABG PRESIDENT RETURNS HAPPY
By Aloysius Laukai

The ABG President, DR. JOHN MOMIS returned to Bougainville this morning after attending a Peace Workshop organized and sponsored by the Unification Church based in South Korea.

Speaking to reporters on his arrival in Buka, President Momis said that he was happy to attend the program in South Korea as he had the opportunity to talk to Government officials there to find ways they can assist Bougainville.

He said that Bougainville can learn something from South Korea, as they too rebuild after the famous Korean war to what they are today as one Developed nation.

DR. MOMIS said that SOUTH KOREA will be sending a team of experts to Bougainville to see where they can contribute to the development of Bougainville.

Ends  

020913HYDRO WILL RAISE MUCH NEEDED FUNDS
By Aloysius Laukai

The INTRODUCTION OF Hydro Power system to supply Electricity to Bougainville was progressing well according to the ABG Special Projects Officer, APHRAIME EMINONI.

Speaking to New Dawn FM at the weekend, MR. EMINONI said that work on the RAMAZON Hydro project is going smoothly and work on the site that Turbine and other equipments will be stationed.

MR. EMINONI said that the RAMAZON HYDRO Power will provide electricity needs for Tinputz, Selau and Buka island.

He was commenting on the Government’s Rural Electrification program that will cover the Tinputz, Selau and Buka rural communities.

MR. EMINONI said that Rural Electrification program will reach the HAKU area by the end of next year.

On the Tinputz to Selau area, all wiring will be covered under the Hydro Power Program.

He said once the RAMAZON HYDRO POWER is commissioned it will automatically connect to the load that covers the entire North Bougainville and repaying Bank loan obtained from the Banks would easy.

He also commented on other Hydro Power systems planned for the entire Bougainville Region.

The Special Projects officer said that the TOGARAU Hydro project is small and will only cover WAKUNAI.

He said the LALUAI HYDRO will supply Kieta District, KIETA,TONIVA, ARAWA and PANGUNA and will meet the electricity need for the PANGUNA Copper Mine.

For South Bougainville, SILIBAI HYDRO will supply Buin town and nearby villages whilst MIVO river in Siwai is near the LALUAI volcano which could be damaged if the volcano erupts in future.

Ends

... für Nicht Englischsprecher bedeutet dies soviel wie?

welche in PNG leben und möchte sie für seine Sache gewinnen.

020913MOMIS HAPPY WITH BOUGAINVILLE FORUM
By Aloysius Laukai

The ABG President, DR. JOHN MOMIS says that he fully supports the Bougainvilleans working in Port Moresby for organizing the Bougainville Forum held in Port Moresby last week.

He made these remarks in Buka today after arriving from Port Moresby.

PRESIDENT MOMIS said that the forum has for the first time cleared the air to Bougainvilleans living outside of Bougainville as they have been complaining that the ABG was not doing nothing but chewing Bougainville’s monies.

President Momis had the opportunity to bring to light many issues relating to the ABG as well as its preparation for the up coming Referendum.

He said that the ABG will establish a monthly bulletin that can be distributed to Bougainvilleans outside of Bougainville to keep them abreast of what is happening on their island.

DR. MOMIS also called on Bougainvilleans living outside of Bougainville to unite and support the progress of Bougainville.

Ends  

ramumine.wordpress.com/2013/09/03/...-memo-clear-says-daveona/

Radio New Zealand

The chairman of the group representing landowners around the Panguna mine in Papua New Guinea’s Bougainville says an agreement with a Chinese company has nothing to do with mining.

News that a memorandum of understanding had been signed by the landowners’ chair, Lawrence Daveona, the local MP in the national government – Jimmy Miningtoro, and a Chinese company – Beijing Aerospace Great Wall Mineral Investment, angered the Autonomous Bougainville Government.

The MOU was widely condemned on Bougainville with the government presuming it involved an unsanctioned restart of mining at the Panguna mine, but Mr Daveona says that is not the case.

He says the MOU is about establishing tourism projects, developing agriculture and rehabilitating land that is covered in old tailings from the Panguna mine.

Mr Daveona told Don Wiseman any firm deal with the Chinese company is still some way off.

LAWRENCE DAVEONA: There are a lot of things you have to go through before you even start talking about who to deal with. It’s a process we have to follow.

DON WISEMAN: The one thing I guess you’d need to answer, I imagine some people on Bougainville would be interested to know is, is why is a Panguna landowner or the representative of a Panguna landowner group involved in a discussion about tourism and things like this because that’s not going to be a very likely thing around Panguna, is it?

LD: My reasons are very clear. I would like the people of Bougainville to benefit, first, in agriculture and tourism. I made that very clear during our discussion and unless I see the people of Bougainville benefitting first then I won’t be talking about the reopening of Panguna mine. That is my stand. That is why I’m talking about agriculture and tourism. Because Bougainville depends very much on agriculture right now. Tourism is something new that I want to bring in, so that people on Bougainville – north, central and south – will benefit from tourism. There’s a lot of money in tourism. Even if we do not open the Panguna mine we can make more money out of tourism to sustain 250,000 to 300,000 Bougainvilleans plus have more surplus money to give out. I’m not into mining, I’m not. I don’t want mining to be open. Personally, I want Bougainville to benefit some other way. I will stand by it, and that was my stand before I signed that MOU.

DW: So what’s the next stage, then, Lawrence?

LD: They’ve invited us to China to go and have a look at this technology we wanted to see. But before that I want our minister and president and us, we are working on a reconciliation for the minister and us together so that we can move forward on our plans. Without having this reconciliation, without the president, we cannot at this stage think about going to visit China through the MOU.

I"m not into mining, I"m not.  I don"t want mining to be open. Personally, I want Bougainville to benefit some other way.

Am besten liest man die nächsten Wochen, Monaten, Jahren (?) solche Interviews und Meldungen einfach nicht mehr. Wird man als Investierter doch ohnehin einfach nur wahnsinnig von... ;-))

ramumine.wordpress.com/2013/09/03/...mine-my-panguna-minerals/

Leonard Fong Roka | PNG Attitude

BOUGAINVILLE HAD SUFFERED FROM EXPLOITATION by external powers since 1899 when the Germans and British bargained over it as if it was their commodity.

This exploitation intensified under Australian rule with the discovery of mineralisation in Panguna and the granting of a prospecting authority to Conzinc RioTinto of Australia (CRA) in 1963.

With the legal backing of the colonial government (and, from 1975, the Papua New Guinea government), so the Solomon Island people of Bougainville were brutally intimidated.

Panguna’s rich mineralisation is clear. It is shown, for example, in the Porter Geoconsultancy paper, Panguna Copper & Gold.

But Bougainvilleans since time immemorial, whether they had any idea or not of this sub terrestrial wealth, just knew it as their land with all of its cultural and spiritual connections; and they knew nothing should come between their land and themselves.

This wealth, however, was available only for those with the financial power and technology to exploit it.

One reason why Bougainvilleans fought Bougainville Copper Limited and the PNG government was the influx of non-Bougainvilleans who grabbed our land, raped our mothers and looted our gardens.

This leads to the question of whether Bougainville itself has the resources to localise mining? We need a vagrancy law to enable us to control migration to our island. And we need tertiary institutions that will provide the appropriate education and skills.

These developments must be on Bougainville first before we talk about mining Panguna.

The people with conflicted interests in this controversial mine are Rio Tinto (with its player on the ground BCL), Papua New Guinea (with its legal trickery in Bougainville) and the Autonomous Bougainville Government (with pro-mining leaders the late Francis Ona hated).

Where is Rio Tinto coming from? In an Islands Business article in April, BCL chairman, Peter Taylor said: “The mine has the potential to process 60 million tonnes of ore per annum, a similar rate that it achieved prior to the mine being suspended.”

This rate was for the pre-crisis mining operations. It was done for PNG development and not Bougainville. To re-start the Bougainville economy at such a rate is suicide for Bougainville.

Bougainville, as it prepares for a referendum on its future independence, needs not this size of mining. Panguna must be downsized relative to a level of sustainable economic growth.

The fact is that Rio Tinto, which is having nightmares in its other mining projects, is interested in making a profit from the Chinese economic boom and is not wanting to mine to develop Bougainville.

PNG is now fooling Bougainvilleans as it did in 1976 with the useless provincial government system. In mining, it is clear that PNG has the all the power to decide Bougainville policies.

In a July Lexology article, Reopening of Panguna copper-gold mine in PNG: risks and benefits,  Rockwell Olivier and Dan Ward wrote: “Although the PNG Constitution was amended to allow the Autonomous Region of Bougainville to make laws in relation to mining, such laws aren’t necessarily guaranteed.

“Section 292(3)(a) of the PNG Constitution provides that even if ABG passes the proposed mining laws, the National Government would still need to agree with the legislation, otherwise the law won’t take effect until a dispute resolution process reaches a final determination.”

To this, Bougainville has no power to control or design its own mining development; PNG is still hanging on.

Back in Bougainville, the problem is that we have greedy leaders in Kieta. There are people running after their personal interest and brain-washing uneducated local people.

Their issue is money into their Panguna pockets from Rio Tinto, ABG and PNG. Decisions made are so far not representative of the people. It’s getting the whole Bougainville Island frustrated because there is no progress.

So, who are you to mine my Panguna minerals? Rio Tinto will be mining my Panguna for the Chinese market with the blessing of PNG and not the Bougainville government, its people and their future betterment and nationhood.

www.islandsbusiness.com/news/...lp-cash-strapped-bougainville/

PORT MORESBY, PNG --- Cash -strapped Bougainville will be eligible to benefit from the United Nations’ peace building fund, says UN resident coordinator David McLachlan-Karr.

McLachlan-Karr announced the good news at the “Sustainability of Bougainville” seminar in Port Moresby last Friday, and while not giving any figures, hinted that it would run into millions of kina and be available from 2014 to 2017.

McLachlan-Karr also announced that Interpeace, an independent Geneva-based organisation, had been contracted to assist with the implementation of the Bouganville Peace Agreement.

He said UN Secretary-General Ban Ki-Moon had declared that PNG was eligible to receive money from the fund in June this year.

McLachlan-Karr said the fund, which was created by the UN’s peace building commission, would support the national Government and the autonomous Bougainville government’s joint commitments on implementation of the peace accords, especially with reference to filling some of the critical gaps identified by the parties to achieving genuine autonomy in the lead-up to ARB elections in 2015 and before the referendum to determine the future of Bougainville., which can take place, with the consensus of the parties, between 2015 and 2020.

“I’m happy to announce that the steering committee for the peace building fund has been established with the agreement of three co-chairs, the President of the Autonomous Region of Bougainville (John Momis), Chief Secretary Sir Manasupe (Zurenuoc), and the UN resident coordinator,” McLachlan-Karr told the seminar.

“Under the three co-chairs who will be managing the peace building fund, are representatives of key bilateral governments and donors such as Australia, New Zealand, Japan, United States and will also incorporate the World Bank and a number of community services organisations.

“We’re happy to say that the fund comes at an opportune time for both parties (Bougainville and PNG) and the people to build more consensus around the outstanding challenges we have for unification, security sector improvements including removal of arms and threats to safety, rehabilitation of youth and strong involvement of women.”

McLachlan-Karr did not give any figures.

“Many people have asked me what the level of funding is. The level of funding is determined based on the quality of the submission of the peace-building priority plan that will be submitted.

“Let me just say that it will be in the order of millions and it will be available for three years from 2014-2017 as an adjunct to the UN support for the work that’s going on in Bougainville.

“This is a significant step and it, of course, brings Bougainville more closer to the orbit of international scrutiny,” he said.

... also wird es sich noch sehr lange hinziehen bis es endlich eine Entscheidung gibt (soweit ich das über Google Translate als 70jähriger verstehe)?

http://www.ariva.de/forum/...ADRs-867948-304728?page=693#jumppos17344

....hat es noch nicht auf http://www.bougainville-copper.eu/news-september-2013-2.html

geschafft,ganz zu schweigen von einem Kommentar des Präsi zum von ihm so titulierten "Jumping Jack" ;-)))))

Zumindest bei den Lo`s scheint er einen Stein im Brett zu haben.

Aber für wen ist er aktiv?

dass seine Käufe nicht im Orderbuch so offensichtlich vorliegen, sollte seinen Broker, seine Bank oder seine Depotstelle fragen, ob sie "dunklen" Handel anbieten.

Der "dunkle" Handel, auch als Dark Pool Handel bezeichnet, läuft ohne Orderbuch und ohne Information an den Händler über die Höhe der gewünschten Stückzahl.

Der dunkle Handel eignet sich vorzüglich - besonders bei Nutzung verschiedenener Kanäle - signifikante Positionen ohne Spuren aufzubauen. Für die Älteren: vergleichbar ist es in etwa mit dem Tafelgeschäft oder dem alten OTC Handel.

Bis auf die letzten 5 Trades a 0.61 u. den letzten a 0.60 wurde alles aus dem ASK gekauft

Today: 03-Sep-2013

Time(AEST) Price Volume Value

15:39:51 0.6000 781 469
14:42:21 0.6300 782 493
12:04:31 0.6300 3,950 2,489
11:53:36 0.6300 7,123 4,487
11:53:36 0.6300 377 238
11:48:20 0.6300 9,623 6,062
11:48:20 0.6250 1,500 938
11:48:20 0.6200 8,877 5,504
11:33:41 0.6200 6,123 3,796
11:33:41 0.6200 538 334
11:02:37 0.6100 6,600 4,026
10:56:54 0.6100 6,600 4,026
10:55:46 0.6100 2,500 1,525
10:53:23 0.6100 10,000 6,100
10:42:25 0.6100 10,000 6,100
10:23:09 0.6200 9,462 5,866
10:23:09 0.6200 6,538 4,054
10:23:09 0.6150 10,000 6,150
10:21:42 0.6100 26,000 15,860
10:21:42 0.6100 15,000 9,150
10:21:42 0.6050 7,639 4,622
10:21:42 0.6050 3,000 1,815
10:21:14 0.6000 1,000 600
10:16:59 0.6000 9,000 5,400

Oder?

Leerverkäufe: Nokia-Kauf erwischt Zocker auf falschem Fuß

http://www.spiegel.de/wirtschaft/unternehmen/...kaeufen-a-920214.html

030913RESSETLEMENT OF CARTERETS ISLANDERS SOON TO START
By Aloysius Laukai
The resettlement of FOUR HUNDRED CARTERETS Islanders to KAROLLA Plantation will begin as soon as paper work on the scheme is completed.
This was revealed to New Dawn FM in Buka by the ABG’s Special Projects Officer, APHRAIME EMINONI.
He said all negotiations with the host community and the Carterets islanders have been completed and a submission made to the BEC for approval has been prepared for presentation by the Ressetlement Committee.
MR. EMINONI said the process took a long time as the Government has to make sure issues that can erupt from the resettlement is addressed before the actual exercise starts.
He said that initially they are targeting 40 to 60 families to settle at the KAROLLA plantation whilst others will be relocated in different areas.
The Special Projects officer said that they have to move only some to the resettlement site looking at the population expansion in the future.
MR. EMINONI also mentioned that families that will move to the Karolla relocation site have already been identified.
Meanwhile, the Caterets Resettlement site run by the Caterets NGO group TULELE PEISA in Tinputz will by end of this year move ONE HUNDRED islanders to Tinputz.
Those families that moved in 2007 are already harvesting Cocoa and Coconut and other foods and vegetables for sale.
ANG they have been allocated ONE HECTRE to each family to grow their cash crops and other food which they can sell at the nearby Tinputz market.

Ends  

www.islandsbusiness.com/news/...p-grow-bougainville-professor/

PORT MORESBY, PNG --- Proper policies and investment by the private sector and Bougainvilleans can help the region grow, an academic says.

Professor of economics at the University of the South Pacific Satish Chand, who travelled to Bougainville to do research, said with its current growth, Bougainville had a long way to go to improve health services, education and develop a skilled workforce.

Bougainville is small with just 3% of the total population of Papua New Guinea and 3% of the country’s land mass.

He said almost half of the population was still under 20 years old and creating job opportunities for them was an issue which investment would bring.

He said releasing land for investment by villagers in Bougainville was still hard but some parts such as Siwai were now moving forward and surveying their land for development. He said it was a ‘positive step’.

Chand said Bougainville had potential for investment but needed the government to introduce policies.

“Bougainville has a huge investment potential. We just have to tap into the resources and build the infrastructure to support it,” he said.

“But, of course, we need policies from the government to lure investors because only the private sector can sustain these investments.”

He said the investment must be supported by communication infrastructure on land and sea. He suggested that the ABG government should provide shipping services for the region.

Chand said cocoa and copra production had dropped because of the falling prices.

Die aktuelle Nachrichtenlage verwirrt mich etwas. Wer ist denn jetzt (ausser Momis) überhaupt noch für das Reopening, wenn selbst LD als Landownersbody plötzlich dagegen ist?????
Finden im September nun die Belcol-Verhandlungen statt, oder ist jetzt mal wieder alles auf Eis gelegt???

vor Ort scheinen die Leute auch verwirrt zu sein.
Und frustriert, weil sich in allen wichtigen Punkten nichts so richtig vorwärts bewegt.

So langsam wird vor Ort wohl allen klar, das es mehr braucht als endlos viele Meetings und immer noch mehr Forderungen und immer noch mehr Pochen auf die eigenen Rechte.

Es fehlt Kompromissbereitschaft, der Blick auf die eigenen Pflichten, Konsensfähigkeit. Und es fehlt die Bereitschaft, hinter ernsthaften und konkreten Entscheidungen zu stehen und sie zu vertreten. Daevona ist nur ein Beispiel von einem (scheinbar) wankelmütigen Player. Und derweil man sich dort zankt versuchen andere von außen den Kuchen anzuknabbern.

Das alles wird wohl noch dauern. Aber die paar Monate..

HAAAA! Das Jahr 2013 zieht sich langsam in den Herbst hinein und der BCL-Kurs steht bei 0,60 AU$. Wer hätte das bei der grundsätzlich guten News-Lage noch vor Kurzem für möglich gehalten? Wohl kaum jemand..

- diesmal mit den Methoden von 2010 - versucht, die Käufer durch Kleinststückelungen bei der Abrechnung abzuschrecken: Sie Kursdaten heute in Aus. www.comdirect.de/inf/aktien/detail/...t.html?ID_NOTATION=64530