Trading Bougainville Copper (ADRs) 867948

Es ist kein! Stillstand der Weiterentwicklung zu erkennen!Und wie ich finde ist die Zeit die vergangen ist, ist ein ganz wichtiger Verbündeter auf dem Weg zum reopening Panguna.
Das Argument: die brauchen sich nicht zu beeilen die Gold/Kupfer/Mangan/Silber - Erze liegen ja im Boden und laufen nicht weg stimmt. Nur wer hat dann jetzt wo das Einkommen gebraucht wird, mehr denn je, etwas davon ?
Also wenn ich mir die Situation anschauen und vergleiche mit vor einem Jahr denke ich es hat sich sehr viel getan und insofern kann ich nekro da nur beipflichten wenn er schreibt :
.....Die Meldung "Reopening the Panguna mine with BOC" sollte diese %% doch locker toppen.... .......

Nur meine Meinung. :-))

The company’s non-executive Directors are also rewarded handsomely for their time attending four Board meetings, and providing corporate oversight. Take the example of Sir Rabbie Namaliu, while some have called Namaliu a war criminal for presiding over the bloodiest period in the Bougainville war, when military forces executed civilians, torched villages and raped women, BCL has nonetheless seen fit to pay Namaliu K683,000 over the past five years.

Rabbie Namaliu earnings

Of course, it is not simply a matter of BCL management keeping the patient alive, so they can through its wallet. They have been given hope a miraculous recovery might take place.

While expert after expert has studied the patient and formed the same bleak conclusion - its over - a parade of politicians have been prepared to dismiss all the expert opinion as hocus pocus quackery, promising in a few years the patient will be doing cartwheels across the block.

So the charade goes on.

For the foreseeable future it seems BCL's Managing Director will continue to front gatherings of shareholders claiming a clear majority of landowners eagerly await BCL's returns, hoping a mixture of sheer ignorance and wilful blindness grips his audience.

After all, could anyone faintly aware of the mine's history take this view seriously?

Are outsiders versed at all on the decade of fierce resistance that was waged against the mine's construction, the widespread demoralisation communities felt as it exacted an unmeasurable toll on their land, environment and health, and the visible scars it has left on families, as BCL’s infrastructure was wilfully lent to armed soldiers, who committed unspeakable atrocities.

After all this do people seriously believe a 'clear majority' eagerly await BCL's return?

ramunickel | June 16, 2016

.....so what? das Thema unter einem anderem Blickwinkel betrachtet.

    Das ist ja vollkommen OK. .-)

www.radionz.co.nz/international/programmes/...m-yet-to-be-made

Transcript

The President of Bougainville John Momis says any decision on the lifting of the moratorium on mining exploration is for his cabinet, the Bougainville Executive Council, to make.

This comes after the legislature in the Papua New Guinea autonomous region supported a full lifting of the moratorium in a session in the ABG last week.

The moratorium has been in place since the 1970s.

President Momis says a decision is yet to made and he told Don Wiseman why a partial lifting is needed.

JOHN MOMIS: Partial lifting would have allowed us ABG which as yet doesn't have the full capacity to handle massive applications for exploration and at the same time maintain control of the number of exploration licenses and allow credible developers or investors to apply for exploration licenses.

DON WISEMAN: Would this have brought in major projects, would this have initiated major projects or are you talking about people doing alluvial mining? What do you mean by a partial lifting under our mining law?

JM: We will only allow two big mines and no more. So it would allow for people to apply for licenses to open up another mine. A big mine not just alluvial mining and other mechanised smaller mines.

DW: What has happened though is that the ABG has ended up voting for a complete lifting of the moratorium why did the legislature do that?

JM: Let me just explain first that the government that is the BEC, Bougainville Executive Council wanted to use the parliament as a sounding board instead of, because to go back to the people would be very expensive and we don't have the money to do that we have decided to use the parliament to have consultations with people's representatives. And on two occasions we used the current parliament sitting to do that. So really the consultation which we had with the parliament was just to get the bills of the people through their representatives. It is the BEC that makes the decision to lift or not to lift. Or to lift partially or globally the moratorium. So ultimately the power is vested in the BEC that is the cabinet.

DW: And as it is at the moment the moratorium hasn't been lifted wholly or partly but you are likely to decide on that very shortly.

JM: That is right yes because according to law it is the BEC that decides instead of going to the people for which we don't have the money we decided to use the parliament to gauge the views of the people through their representatives. And that will guide the BEC in its decision to lift the moratorium partially or wholly.

DW: But the feeling from the ABG was that they wanted a whole lifting?

JM: Feeling of the parliament yes. The circumstances I think that led to the call for the whole blanket lifting is the current financial situation which we are in. You know the national government has totally failed to give us the constitutionally guaranteed grants so people I think are a little bit fed up with all the false promises the national government is making so I think they are determined to raise their own revenue. And that is probably why they mistakenly think that by effecting a blanket lifting we will enable the ABG to make a lot of money. Which in fact this won't be the case because we don't have the capacity. So to be responsible I believe we need partial lifting but in any case the granting of licenses will be granted in accordance with the regulations the mining regulations which we will have to adhere to.

DW: There remains though of course very significant opposition and there has already been a lot of media traffic about the lifting of the moratorium and criticising of that. So it is still going to be a hard road to hoe isn't it?

JM: No the land owners want the moratorium to be lifted the opposition I think is mainly coming from the so called hard liners who certainly don't own the Panguna mine and the precincts.

.......Women lead calls for gun control in post-conflict Bougainville

Das ist der richtige Weg. (und dann noch auf Papua New Guinea Mine Watch gepostet. Top)

Reconciliation before exploration say Panguna mine associations

The nine associations representing landowners of the former Panguna mine have made a request to Bougainville President, Chief John Momis, that any lift of the moratorium on mining exploration be delayed until after a Bel Kol ceremony is held with Bougainville Copper Limited.

“[Bel Kol] has been requested by the landowners,” President Momis stated.
Reconciliation before exploration say Panguna mine associations
“They want to see this customary first step towards reconciliation about mining-related issues that caused conflict completed before there is any formal step towards resumption of large-scale mining in Bougainville.

“They are asking all Bougainvilleans and outside mining interests to respect their wishes in this regard.”

The President has stated that a decision on the moratorium may not be made until October and is dependent on the successful implementation regulatory arrangement for small scale mining.

The Autonomous Bougainville Government Mining Act limits the number of simultaneous large-scale mines to two.

Referendum is a special vote (...That´s right look at GB....;-))

MANY people are asking “what is referendum” as many of them are not quite familiar with it, especially the rural village people.
A referendum is a special vote by the people to make a decision about an important issue and in Bougainville, the referendum will be on Bougainville’s future political status.
A referendum is like an election, but instead of voting for a candidate/party, people choose an ‘option’ and the option (or options) will be on a ballot paper. The people will then choose which option they want by marking the paper and putting it in a ballot box.
“The Bougainville Peace Agreement (BPA) is the real basis for us as it provides us with an exclusive right to self determination.
“We can choose and shape our future, a right unique in PNG and rare internationally, so we should celebrate this right,” says ABG President  John Momis.
The referendum rules say the Autonomous Bougainville Government and National Government must agree on who will conduct the referendum, when it will be held, the question or questions and who can vote. The two governments have agreed on a work plan to help make these decisions, which includes consultation with the people of Bougainville.
The two governments have agreed to create an independent agency to conduct the referendum and this agency should be created by the end of 2016, as the membership, structure and finance has not been finalised.
The two governments agreed on June 15, 2019, as a target date for the referendum and because it is a target date, it may change. But having a target gives both governments something to aim for in planning and preparations.
Weapons disposal and good governance will be used to help set the final date.
There may be one option, or more than one option for people to choose from and one option must be independence. There are two groups of people who can vote in the referendum; People who can vote for National Elections in Bougainville and non-resident Bougainvilleans.

THE issue of national reconciliation and reconstruction between the Papua New Guinea security force members and the veterans of Bougainville should be taken into account before the referendum is conducted, says Bougainville’s peace advocate Justin Kungkei.

Mr Kungkei who also happens to be a former PNGDF soldier during the height of the conflict said both governments, the Autonomous Bougainville Government and the National Government, should start dialogue on the issue and set a date which is practicable for this reconciliation to take place.

“In order for this event to happen the National Government should first rescind its shoot to kill orders made against late Francis Ona and the Bougainville militants later to be called Bougainville Revolutionary Army (BRA),” Mr Kungkei said, adding that this decision was made by the National Executive Council under the Namaliu Government in 1989.

According to Mr Kungkei after the cease fire and the signing of the Bougainville Peace Agreement, this decision was never rescinded by the National Government, which practically means Bougainville veterans are still at war with PNG security forces.

“This is one of the main reasons why former combatants and factions in Bougainville are too reluctant to dispose weapons because of the NEC decision which is still effective even today.

“It is very easy for leaders on both sides of the house to speak on the issue of weapons disposal as pre conditioned and stipulated in the Bougainville Peace Agreement under the three pillars of Autonomy, Weapons disposal and Referendum. However when a much closer analysis is taken into risks management and conflict resolution you would find that there is much more in the dynamics of the issues of weapons disposal.”

Mr Kungkei said it is now time for the ABG and the National Government to work on a plan and come up with a mechanism and a way forward for a national reconciliation to take place before a national reconstruction also is implemented where skilled technical personnel from both sides can work together to rebuild damaged infrastructures destroyed during the height of the conflict.

www.stocknessmonster.com

www.readability.com/m?url=http://...-tinto-papua-idUSKCN0ZG01U

www.readability.com/m?url=http://...ce_news_network123707.html

www.readability.com/m?url=http://...ville-20160629-gpv4h8.html

In accordance with the existing management agreement with BCL, Rio Tinto will today give the required six months’ notice to terminate the arrangement. Although Rio Tinto will no longer hold any interest in BCL, Rio Tinto will continue to meet its obligations under the agreement during that period to ensure an orderly transition in the shareholdings of the company. BCL chairman Peter Taylor will resign with immediate effect but he will continue to be available to provide services to the board during this transition period.

Note to editors

The Trust Deed determines that should either beneficiary of the trust not apply for the transfer of the BCL shares attributable to them from the trustee within two months, then those shares will be made available to the other party.

hi
mal was neues


 stocknessmonster.com/news-item?S=BOC&E=ASX&N=451609  


auf  SNM  ist noch nen bisschen mehr

In accordance with the existing management agreement with BCL, Rio Tinto will today give the required six months’ notice to terminate the arrangement. Although Rio Tinto will no longer hold any interest in BCL, Rio Tinto will continue to meet its obligations under the agreement during that period to ensure an orderly transition in the shareholdings of the company. BCL chairman Peter Taylor will resign with immediate effect but he will continue to be available to provide services to the board during this transition period.

Note to editors

The Trust Deed determines that should either beneficiary of the trust not apply for the transfer of the BCL shares attributable to them from the trustee within two months, then those shares will be made available to the other party.

Ok, die News als solches haben wir nun. RT walks away und das BCL top Management hat sich verabschiedet.

Nur: Was bedeutet das für die Zukunft? Klar, keiner hat die ominöse Glaskugel vor sich auf dem Tisch stehen. Aber wie seht ihr diese Entwicklung? Dem Kurs hat es heute mächtig Auftrieb gegeben, aber wer weiß schon, ob das nur ein Strohfeuer bzw eine Eintagsfliege war.

Wenn man mich gestern gefragt hätte, welche Auswirkungen ich auf die Zukunft meines BCL Investments durch einen etwaigen Rückzugs Rio Tintos sehen würde, dann hätte ich gesagt, dass ich einen weiteren Kursrückgang und noch mehr Unwägbarkeiten auf dem Weg zur Wiedereröffnung der Mine sähe. Die Marktteilnehmer heute sehen das offensichtlich anders. Aber warum? Was ist das Positive an der heutigen Mitteilung, wenn man mal davon absieht, dass man froh sein sollte, dass es zu BCL überhaupt mal wieder richtig relevante News gibt.

Meinungen und Einschätzungen Eurerseits sind herzlich willkommen!

DANKE!

der wahre devil ist aus dm spiel und die shares sind belcol

Wer soll denn jetzt irgend etwas machen?
Frau Barumbi oder wie sie heisst wird CEO
Und die Bougies investieren mal eben ein paar Mrd?
Wer ist BOC jetzt noch?
Eine Sekretärin und eine Explorationslizens mit zweifelhafter Werthaltigkeit.

PNG und ABG halten nach dem Deal jeweils 36,4 % der BCL Shares.

Spekulation: PNG könnte ein Angebot an die restl. Shareholder machen,
um 50% + x zu erhalten und somit die Entscheidungsgewalt...

... die notwendigen Milliardeninvestitionen finanziert lässt sich leicht in China oder wo auch immer finden? Vermutlich schon, oder?

Schauen wir mal, inwieweit die zukünftig beim ABG und PNG paritätisch liegenden Anteile an BCL dazu führen, die sich on the ground immer wieder (verbal) bekämpfenden Parteien zur Vernunft zu bringen.

Ich befürchte nur, dass der Kurs nun erst einmal wieder zurückfallen wird, bis Fakten geschaffen werden, von denen die BCL-Aktionäre auch definitiv profitieren können.

Aber spannend bleibt´s ....

President angered by Rio Tinto departure
Bougainville President, John Momis, today expressed anger at Rio Tinto’s decision to transfer its 53.8 per cent share in Bougainville Copper Ltd (BCL). International mining giant, Rio earlier announced transfer if its BCL shares to an independent trustee, for distribution to the ABG (36.4 per cent), and the PNG Government (17.4 per cent).
PNG is already 2nd largest BCL shareholder. So the share distribution would see the governments equal BCL shareholders – 36.4 per cent each. The remaining 27 per cent of shares are held by small shareholders.
Rio Tinto has been reviewing its BCL shareholding for almost two years. The review resulted in Rio deciding to end its investment in BCL, which ran the giant copper and gold mine at Panguna from 1972 to 1989, under the 1967 Bougainville Copper Agreement (BCA).
“Rio Tinto has made a unilateral decision,” President Momis said, “it failed to consult the Bougainville Government about distributing its shares.”
“At meetings with senior Rio officials, in July 2015 and February 2016, I warned strongly against transfer of Rio’s shares to PNG. It Bougainvilleans cannot accept National Government control over the future of Panguna through either majority or equal shareholding in BCL.
“We are open to PNG remaining a BCL shareholder. That may assist us find responsible partners and financiers for possible future operations at Panguna. But we cannot accept Rio Tinto’s interference in seeking to give PNG equal control over Panguna. There is no possibility of progress on resolving the future of Panguna on that basis.”
“Rio Tinto has shown arrogance and ignorance in ignoring my warning. Sitting in their comfortable London offices, they have interfered in Bougainville’s affairs by deciding PNG should have equal control of BCL.
“Bougainvilleans are united in rejecting what Rio Tinto seeks to thrust upon us.”

Na, da ist aber jemand mal richtig bedient, was? :-)) Stramme Worte ....

-Rückzug von Rio hätte ich wie CCLSC auch eher negativ für den Kurs erachtet,
 aber schlimmer wäre wohl gewesen wenn Glencores Übernahme von Rio geklappt hätte, und
 die BOC-Anteile bei Glencore gelandet wären.
-Kann mir nicht vorstellen, dass PNG und ABG sich einigen.
Wenn auch dies Anders als erwartet kommt, gut.
-Wenn PNG aufkauft und die Mehrheit übernimmt, dann blockiert ABG und das wars.
-Chinesen geben nur Geld gegen Anteile, aber wer soll die abgeben.

Also mehr Unsicherheit als je zuvor. Kann Momis Ärger verstehen.
Wiese kann Rio überhaupt solche Geschenke machen ohne die Empfänger zu informieren.
Wer weiß ob die das wollen.

www.ft.com/cms/s/0/c86ca6b8-3e90-11e6-8716-a4a71e8140b0.html