Trading Bougainville Copper (ADRs) 867948

....dacht ich`s mir doch 60-61-62-63-64 kamen mir schon die ganze Zeit surreal vor. :-)))))))

..@ 17074 also ich halte mich tagsüber sporadisch eine längere Zeit an der frischen Luft auf,
bei   diesem Wetter. Das hat immer eine ganz hervorragend Wirkung auf das innere Gleichgewicht. ;-))))))))))  

Media Release from PMALA Chairman Lawrance Daveona.
by ramunickel
Lawrence Daveona

Mr Lawrence Daveona, the chairman of the Panguna Mine Affected landowners Association (PMALA) and the SML Osikaiang Landowners Association has expressed dissatisfaction at how the matter dealing with the MOU with the Beijing Aerospace Mineral Investment Limited is being handled by the office of the President in the media, as well as other minister"s in ABG.

The real issue in the MOU which is to do with tailings, waste management and Agriculture programs is not being brought out. According to Mr Daveona, "because ABG is pushing for the re-opening of the Panguna Mine, the minds of the president and the his ministers are all focused on the re-opening of the mine", the recent MOU signed is not about the re-opening of the mine, but focused on environmental management focusing specifically on trying to explore options on both dealings with the mine tailings as an economic resource that could also generate revenue for the people of Panguna and the affected areas through the 6 lease associations plus development of Agriculture and Tourism opportunities throughout Bougainville."

Furthermore Mr Daveona also states that the Panguna Mine affected landowners are not talking about re-opening of the mine at this stage, it will be the people of the Panguna that will decide as owners of the Panguna resource and not even ABG, so why the rush to open the Panguna Mine, when there are still outstanding issues.

Mr Daveona further called on the president to explain the 7 MOU"s he signed with the Chinese even without getting consent from the people of Bougainville, and none of this MOU"s are being implemented. He also reminded the president of section 23 of the Bougainville Constitution and also section 10 of the draft Bougainville Mining bill (draft of 1st March 2013). Panguna resource does not belong to the president, and ABG, but to the landowners per the relevant laws above.

Mr Daveona again reminded the president of the urgent need to get the legislation in place which has been outstanding since March 2013, and furthermore stressed to him to start focusing on other areas to assist develop Bougainville, instead of being too focused on Panguna, as the re-opening of Panguna might not happen at his time considering the complex issues at the local level, including the K10 billion demand, The K10 billion demand is non-negotiable for the re-opening of Panguna.

"While I have been criticised for the signing of the MOU, may I remind the ABG minister"s that none of them spoke out when the 7 MOU"s were signed, I signed the MOU together with the Member for Central Bougainville as a witness to show that people of Central Bougainville through their mandated leaders Minister Miringtoro and myself are working together to progress things, instead of day dreaming and talking about re-opening Panguna."

On the JPNCC, while landowners have been proactive in addressing and raising issues on Social and Environmental baseline studies, we are beginning to question the credibility of ABG Mining Department officials on their contributions on the TORs, as we have seen that they are purely listening to foreign advisor"s whom we are well aware have Rio Tinto links, the bottom line for us is to make sure things are addressed properly and also capacity in place to re-open Panguna. May we remind the President and his ABG minister"s that they might have been misled by Foreign advisor"s working for Department of Mining and Office of Panguna negotiations that negotiations will begin in November 2013, or early next year. The reality on the ground is that ABG discussions both at JPNCC is led by foreign, advisors who have one way or another linked to Rio Tinto, and this advisors have been misleading the president, without even understanding the complex issues within the villages of Panguna and the mine affected areas. The reality according to Mr Daveona is that,

"We have ABG government that is totally misled by foreign advisor"s who have never slept or being to a Panguna villages and talked with the people. On the MOU"s with the Beijing Aerospace Great Wall Mineral Investment, we have to date undertaken four awareness programs in 4 of the lease area association"s villages, and villagers are positive about it."

"I"m further calling on the president for a round table discussion on the MOU instead of rushing to go out in the media, as a leader he should sit down and talk first instead of going to the media, this shows a character of weak leadership."

Finally, Mr. Daveona said that he is not at home to please everybody and he has Bougainvillean advisors who have wealth of experience in the resource development industries in the likes Dr. Rodney Kameata who to date has outclassed the foreign advisors that our President is using as can be seen at the JPNCC technical officials meetings that he has attended to date. Many of you who have criticized his signing of this MOU are not well informed of what this foreign advisors are cooking up in order to speed up the re-opening of Panguna mine.

ramunickel | August 17,  

by Greg Guenthner, posted Aug 16, 2013

"Earlier this week, I told you to keep a close eye on $1,350. That’s because a break above $1,350 is a fairly good indication we could see higher prices soon."

http://dailyreckoning.com/golds-new-rally-begins-now/

Klingt nicht gerade euphorisch.

@nekro: LD doch ein chinesischer Intrigant

 

Respond to this post by replying above this line
New post on Papua New Guinea Mine Watch


SMEs a good alternate to mining
by ramunickel
Romulus Masiu | Post Courier

BOUGAINVILLE leaders both in the National and Autonomous Bougainville Government’s (ABG) need to have faith in the small Bougainvillean businesses and support them in every way to grow and create wealth for the region.

Outspoken Central Bougainville Business Association vice chairman Dickson Siparu made the call on Wednesday, at the same time reminding Bougainville parliamentarians that the Small and Medium Enterprises (SMEs) is a very good alternative to mining.

He said the three great assets that Bougainville has are its people, abundance of resources and above all a budding SME sector which currently comprises of mostly wholesale and retail business but has a strong interest in manufacturing and downstream processing to add value to cash crops and other natural resources.

“Genuine and sustainable development of Bougainville lies in the hands of Bougainvilleans and Bougainvillean-owned businesses”.

Mr Siparu who accompanied National government Minister for Commerce, Trade and Industry Richard Maru to Malaysia to attend the SMEs exposition in Kuala Lumpur was taken aback on how much Malaysia depends on SMEs alone for creating employment and in providing so much revenue for the country through payment of taxes.

He added that both Malaysia and Singapore do not depend on mining as a revenue earner and yet they are now developed countries with strong economies that have enabled them to have widespread trade and commercial interests in the countries in the region, including Australia and New Zealand.

Bougainville is similar to these countries and has abundant resources which can support the government and its development programs through the operation of SMEs.

“I would like to remind the Bougainville leaders both in the national government and ABG that small businesses have been thriving in Bougainville long before the peace process was established. They did not rely on government or any other support to get started and today these businesses continue to grow, slowly but surely.”

Bougainville people have always been described as proud, passionate and hard working with the ability to innovate and create to meet their needs and requirements, as demonstrated during the years that the National Government placed an economical blockade on the island.

People with very little formal technical know-how have developed a brand of micro-hydro that provides free and sustainable power to villages in Central and South Bougainville.

This is just one example of the sort of technological innovations that were developed during those times of need.

He said people need to be given the opportunity to develop.



ramunickel | August 17, 2013 at 4:47 pm |  

Dazu gibt es auch noch keinen Grund.

Die Lo`s sollen zwar in die BCA Verhandlungen eingebunden werden,auf Momis Wunsch allerdings wohl eher als Zuschauer u. Ja-Sager. Eine einflussreiche PMALA ist anscheinend unerwünscht.

Finanzielle Unterstützung zur Eröffnung eines Office, noch ausstehenden Reconciliations etc. haben sie bis jetzt noch keine gesehen.Dass sie diese Unterstützung jetzt von den Chinesen für ein (nicht bindendes) MoU erhalten sollen sollte Momis als einen Schuss vor den Bug empfunden haben.

Wer will schon wissen ob es BCL nicht sehr gelegen kommt wenn sich die Chinesen um die Problematik der Beseitigung der Umweltschäden kümmern, kann man sich doch dann voll auf die Wiedereröffnung der Pangunamine konzentrieren. ;-))))

... Und uneigennützig zuschauen wie BOC die Mine direkt daneben betreibt :-)

Wer glaubt das wirklich , kann mir eher grüne Männchen vorstellen die mit den Landownern Schweinchen Grillen :-)  

....for the re-opening of Panguna.

Aktuell hat der Markt eingepreist, dass BCL die Lizenz verloren hat (dummerweise stimmt die Aussage: "Der Markt hat immer Recht" meistens), das ist für etwaige
Verhandlungen aber vielleicht gar nicht so schlecht, allerdings habe ich langsam Zweifel ob der Zeitplan für 2013 eingehalten werden kann.
Die zunehmenden Vorwürfe, die ABG-Berater stünden RT sehr nahe, könnten gerade in diesem Fall dazu führen, dass es zu keinen Entscheidungen kommt.

Ich hoffe der Termin 28. + 29. August für das final Panguna Forum steht noch, das könnte spannend werden?


 

Wenn die Chinesen den den Jabariver hinabgeschwemmten BCL Abraum aufbereiten sollten so dürften sie sich davon ein lohnendes Geschäft versprechen.

... Und wenn sie erstmal legal am Jabariver sind ... Wie war das spichwort... Man gibt den kleinen Finger ...  

könnte mal jemand die Passage veröffentlichen, welche klar belegt, daß BCL auch weiterhin die Lizenzen hält, bzw. verlängert bekommen hat ?
 

Der Durchbruch durch den GD38 und GD100 im Februar hat auch keine Auswirkungen auf den weiteren Kursverlauf gehabt. Warum sollte dieses Ereignis jetzt etwas bewirken?

Solange es keine offizielle Mitteilung über den Wiedereinstieg gibt, wird sich an der Kursentwicklung nichts ändern. Da ich auf keinen Fall verkaufe, gehe ich davon aus, dass meine Enkelkinder irgendwann die Erträge geniessen werden können - oder auch nicht....

Good luck to everybody

Diver  

es könnte ja auch sein, kommt daruaf an wie jung du bist, dass es deine Urenkel werden....ich hoffe du verstehst den Spass...
Die Charttechnik für diese Aktie ist für die Fische...
also warten auf gute offizielle Nachrichten ist angesagt..  

Können die 5 Mrd.+ x aufbringen und sich dann noch auf einen langen Rechtsstreit mit RT einlassen? Ich glaube nicht das sich RT eine der größten Kupferstätten der Welt wegnehmen läßt,gibt es eigentlich noch Morumbi?  

wenn die chinesische Firma die gigantischen Rohstoffvorkommen für das Reich der Mitte gewinnen könnte, erhalten sie das Geld von der Regierung, das wären dann lediglich Peanuts. Und so wie ich die Chinesen kenne würden die sich durch einen drohenden Rechtsstreit nicht davon abhalten lassen einfach zu fördern.
Kurz vor Beginn des Verfahrens würde man sich mit RT dann aussergerichtlich einigen,
13% von RT sind ohnehin in chinesischer Hand  

http://www.steelguru.com/metals_news/...ugainville_leader/322863.html

Mining Australian cited Mr John Momis president of Bougainville said a deal made by a Chinese company with landowners to get access to Rio Tinto"s Panguna copper mine is invalid.

Mr Momis said to Radio Australia"s Pacific Beat program Beijing Aerospace Great Wall Mineral Investment Ltd employed illegal means to gain access to Panguna copper mine. The company signed a deal with the chairman of the Panguna Mine Affected Landowners Association. It has no legal effect. It is null and void as far as we are concerned. We will certainly throw it out."

He also accused two chief people from Papua New Guinea who participated in the deal, and said they defied the purpose of the negotiations which intended to restore peace and economic prosperity to Bougainville. Talks were held in May this year on the reopening of the Bougainville copper mine, with landowners were consulted for the first time.

The Autonomous Bougainville Government held a series of mining forums to discuss with the island community before negotiating for the opening of the mine.

Mr Lawrence Daveona chairman of PMALA signed the deal with the Chinese company, which allows the company to compile a plan for disposing mine wastes.

Scientists said earlier this year Bougainville Copper will have to improve its environmental record if it wants to reopen the mine. Bougainville was plagued with a civil war, ignited by the copper mine. A peace deal was agreed on 10 years ago to stop the war.

ABG has been attempting to initiate discussions between the Rio Tinto subsidiary Bougainville Copper, landowners, the Bougainville government and the PNG government to resume the mine.

As per the Memorandum of Understanding, Beijing Aerospace Great Wall should participate in talks to resume the mine. The ABG will assume the responsibilities of mining from the PNG government soon.

Source - Mining Australia.com

Das sehe ich so gar nicht,RT wird niemals die Panguna plus Atamo freiwillig aufgeben.Dafür ist der mögliche Gewinn viel zu hoch,ich denke die würden alles für vielleicht 1 Mrd. abgeben,und ich rede nur von ihrem Anteil.
Bekommt das AGB in Kürze die Aktien übertragen hat sich mMn das Thema erledigt.

Von den Chinesen kamen bisher auch nur leere Versprechungen.  

........" die würden alles für vielleicht 1 Mrd. abgeben,und ich rede nur von ihrem Anteil."

Das wären rd. 2.5 AUD / Share

Schwer vorstellbar wenn man bedenkt dass sie schon 3.5 USD in 1992 (Pritzker) u. 7.5 AUD/Share in 1997-98 (Chan) hätten kassieren können.

Wer nach der Minenschliessung fast 25 Jahre ein Office in POM unterhält u. den Wert von Panguna u. den 7 Lizenzen am besten kennt wirft nicht auf der Zielgeraden die Flinte ins Korn. ;-)))

bei rd. 50% Anteil entspricht ca. 200 Mil. shares.

Ich hoffe ja auch, dass diese Sauerei nicht stattfindet, allerdings müssen wir wachsam bleiben.  

sind: 3.344.269.093,2683 EURO
Also 3,3 Milliarden!
Und die sind nicht verhandelbar!

Das ist ein heisser Sommer, wie wahr ...  

Lasst erstmal alle Parteien an einem Tisch zusammenkommen und dann schauen wir weiter, dass ist doch nur das Säbelrasseln hinter den Kulissen...

Wie so oft im Leben wird das Essen nicht so heiß gegessen, wie es gekocht wurde.

 

Policeman in Bougainville says people don’t want the mine
by ramunickel
Radio New Zealand

A policeman in the Papua New Guinea province of Bougainville says he thinks the Panguna mine will not be reopened for another 20 years and says the people don’t want it.

Constable Reginald Sogen, who is a coordinator of the training programme run by New Zealand for the community auxiliary police, says there are many problems in the area, which need to be solved first.

He says police face issues of armed robberies and domestic violence, fuelled by drugs and alcohol, and there must be peace before the mine opens.

He says Bougainville can rely on other industries such as agriculture, which don’t require such a large investment.

Constable Sogen says the people need to be educated first and many people are still illiterate.

“The people here they don’t want the mine to be opened, the landowners. There are weapons here, and also the whole people here, they don’t want the mine to be reopened. Many deaths have occurred during the crisis and when you talk peace, we want peace. Do not put the mine in, cause it only creates anger.”

ramunickel | August 19, 2013 at 6:50 am | Tags: