Trading Bougainville Copper (ADRs) 867948

Weil sie ganz einfach nicht zeitnah über alle Details in Kenntnis gesetzt werden.

"Hat PNG kein Interesse an einer Transparenz? "

Eher nicht, die Bevölkerung wird erst informiert wenn die Entscheidungen schon längst gefallen sind.

Offensichtlich ist für mich nur eines: Es gibt nichts an "handfesten" Entscheidungen, das Käuferschichten anlocken könnte - und dies seit langem.

0 Umsatz oder annähernd 0 Umsatz heißt : All das hoffnungsvolle  "Hinter-den-Kulissen-ist-man-sich-schon-lange-einig" scheint kaum jemanden an der Börse zu überzeugen.

Meine Hoffnung ist momentan vielmehr die, dass man uns nicht irgendwann demnächst durch irgendeinen fiesen Trick ausbootet und uns nicht nach jahrelangem "treuen" Halten unserer Papiere mit Peanuts abspeist - den Finanzjongleuren traue ich in letzter Zeit diesbezüglich immer mehr Phantasie zu ...  

"Guest speakers will include constitutional lawyer, Mr Peter Donigi, President of the Mama Papa Graun Party."

So mancher wird sich schon die Frage gestellt haben warum überhaupt keine News zu diesem Meeting publiziert wurden.

Die Antwort darauf. Diese "Partei" welche zwar nicht prinzipiell gegen Mining ist,allerdings eine Aversion gegen BCL hat (u. z.B. der Meinung ist dass die BOC Lizenzen abgelaufen sind) hat nur einen sehr geringen Rückhalt in der Bevölkerung.

Resultat: Da fast niemand zu dem grossartig für eine Dauer von 3 Tagen angekündigten "Summit" erschien (die Landowners sind pro BCL u. wollen mit diesen Typen nix zu tun haben) wurde das Meeting kurzerhand auf unbestimmte Zeit verschoben.

Heute ist T. zu Gesprächen in POM eingetroffen.

Verlaufen diese wie von ihm geplant, so sollte es schon nächste Woche zu einem hochkarätig besetzten Treffen in Arawa kommen,welches den Startschuss zum BIGBOCBANG einläuten könnte. ;-))))))))))))))))

na, dann wäre das Geheimnis um das Meeting mal geklärt - vielen Dank!  

auffallen müssen, dass da was faul ist. Standen auf der Einladung doch keine Namen die uns bekannt gewesen sein dürften....  

ich das seh ist die Mama Papa Party eine PNG Partei. Wohl ein weiterer Grund für die Ablehnung bei den Bougis...  

"Es gibt nichts an "handfesten" Entscheidungen, das Käuferschichten anlocken könnte - und dies seit langem."

Im Moment sind die First Moovers, welche sich mit Eigenresearch detailliert über BOC u. die Insel informieren noch ganz klar in der Minderheit.Neue Käuferschichten en Masse werden in AU wohl erst auftreten wenn die dortigen Börsenpublikationen konkret über das Kurspotential u. eine immer wahrscheinlicher werdende Wiedereröffnung der Pangunamine berichten.Zu dem Zeitpunkt wird aber kaum ein schon langjährig  Investierter seine Shares abgeben wollen u. man wird feststellen müssen dass der Markt quasi leergefegt ist.

Zudem bleiben "bad News" a la "Killing in South Bougainville" bei den meisten länger im Gedächtnis haften als z.B. die xxx Reconciliation News von heute

http://www.bougainville-copper.eu/news-november-2011.html

03.11.2011
Source: Post-Courier


Momis urges unity for peace


THE ABG President John Momis is appealing to the people of Bougainville to unite for peace and remove the blockades of unity.
He made these remarks at a peace ceremony between the Wisai Liberation Movement and the Wisai Mekamui group in Buin, South Bougainville.
President Momis called on the Wisai factions to remove all weapons of destruction saying war was over on Bougainville and stop fighting to make way for peace.
He told the people that it was issues such as weapons that would limit the way to referendum and eventual independence.
Mr Momis said Bougainville had already signed the Bougainville Peace Agreement witnessed by the world and it is a shame that conflicts are still escalating.
He appealed strongly to the people of Wisai to honour the peace agreement and allow for peace as the agreement signed is the sovereign will of the people of Bougainville.
Mr Momis urged the people that it is this commitment that will lead our destiny to a better Bougainville in future.




03.11.2011
Source: Post-Courier


Eluh lauds efforts
By JOYCE TOHUI


BOUGAINVILLE Police Chief ACP Thomas Eluh has applauded all peace efforts in south Bougainville.
He said that he was happy for the initiative the former combatants and factions had taken to come together and make peace.
ACP Eluh was in Wisai recently to witness a reconciliation between two rival groups from the area the Wisai Liberation Movement (WILMO) and the Wisai Mekamui.
He said that he was moved by the step the factions took to bring back peace to their area.
Mr Eluh challenged the two disputing parties to uphold the peace initiative taken and not to repeat such actions.
He urged the people of Wisai that the solution of peace and harmony was in their hearts and nowhere else.
He told the people that it was themselves that would bring peace to their areas and not people from outside.
Meanwhile, the speaker of the Bougainville House of Representatives, Andrew Miriki praised the people of Wisai for the initiative they took to reconcile two rival groups in the area.

Heute sah das AU Orderbuch den ganzen Tag so aus

http://cb.iguana2.com/netwealth2/depth/boc

Da genügt ein kleiner Funke u. der Kurs explodiert. ;-)))))))))))))

 

London, 3 November 2011: Reuters

The strike at the Grasberg copper mine in Indonesia is now in its  seventh week. Production in any meaningful sense of the word has ground  to a halt, and Freeport McMoRan , the majority owner and operator,  declared partial force majeure last week. Talks between management and  union, which is seeking pay parity with Freeport operations in other  parts of the world, are deadlocked.

Barricades, roadblocks and sabotage of key infrastructure provide  multiple flashpoints for a worsening of the violence, which has already  claimed six lives as the stand-off inflames long-simmering separatist  tensions in the province of Papua.

At any other time, the unfolding drama at Grasberg would be the focal  point for copper traders the world over. These, however, are far from  normal times, and supply side news, even in a market bedevilled by a  shortfall such as copper, has been subsumed by the greater macro fears  surrounding the future of the eurozone. Moreover, there is a degree of  disruption fatigue in the current copper market.

Strikes have proliferated this year as unions seek a bigger slice of  the profits accruing from what are still, even after the September  sell-off, historically very high prices. It's not even as if Grasberg is  the only mine currently being affected by strike action. A walk-out at  Cerro Verde in Peru, also majority-owned by Freeport, has lasted over a  month.

But Grasberg happens to be the world's second-largest copper mine.  Production last year was just over 600,000 tonnes of copper in  concentrates, accounting for around 3.75 percent of global mine output.

The length of the strike and the severity of the impact on production  will affect the market. It's just a case of how hard and for how long.

PRODUCTION HIT

On Tuesday Freeport issued an update on the strike's impact on  production. It was as clear as the mud at the bottom of the mine's giant  open pit.  According to Freeport, milling operations, which is where the ore gets  converted to concentrate, were running at an average rate of 120,000  tonnes per day in October, rather than the targeted 175,000 tonnes per  day. That's a drop of just over 30 percent.

The company had intended to produce around 2 million pounds of  contained copper per day in the fourth quarter. The implied loss for  October was around 19.0 million pounds, which is the equivalent of  around 8,600 tonnes of contained metal.

Doesn't seem too bad, does it, considering that the mine is  experiencing its worst industrial action since starting production in  1990?

There are three important caveats

"in AU und Euro" Sag mal die in AU, liegen die bei einem Broker in AU über den Du die Stücke im Aktienbuch auf Deinen Namen eintragen lassen könntest?  

http://www.commodities-now.com/...-casts-long-shadow-over-copper.html

Interessant im Zusammenhang mit Grasberg ist die Aufteilung der Reserven in Open Pit u. Underground mining von 11%:89%

Trifft diese Aufteilung auch auf Panguna zu so könnte man die Reserven incl. Underground mit 9 multiplizieren. ;-)))))

Wenn nicht, wäre das sehr gut! ;-)  

http://www.bougainville-copper.eu/news-november-2011.html

4.11.2011
Source: Post-Courier

SELECTED journalists from media organisations in the country are attending a media workshop on the mining and petroleum industry.
The workshop will provide journalists with an introduction to the legislation that governs the PNG mining and petroleum sectors, an overview of all facets of the industry and PNG resource developments.
The workshop will cover specific industry issues, especially resource ownership. It will also be an opportunity to meet public relations specialists from across the industry and to obtain the latest project information and publications.
The workshop is principally aimed at the mainstream media, but it is expected that public relations personnel from relevant Government organisations will attend as well as PR personnel from across the industry.
The event runs for two days; from today to tomorrow.

K  / VK 13/3 88K/21k

http://www.tradingroom.com.au/apps/qt/...;type=livequote&code=BOC

Today: 04-Nov-2011

Time          Price Volume  Value

16:10:43 0.9000 10,000  9,000
15:46:03 0.9000     699     629
15:45:43 0.9000  4,301  3,871
15:45:24 0.9000 20,000 18,000
15:39:43 0.9000 11,200 10,080
15:12:46 0.8850     279     247
15:02:26 0.8950 10,000  8,950
14:43:42 0.9000 10,000  9,000
14:26:10 0.9000  5,000  4,500
14:20:12 0.9000  5,000  4,500
10:00:20 0.9000  9,992  8,993
10:00:20 0.8950  1,061     950
09:59:46 0.9000  6,740  6,066
09:59:46 0.9000 13,559 12,203
09:59:46 0.9000  1,440  1,296
09:59:46 0.9000         1         1

''
Yandera on target with feasibility study
by ramunickel

By Yehiura Hriehwazi

THE US$1.6 billion Yandera copper molybdenum gold project in Madang is on target to complete its definitive feasibility study (DFS), including its waste management plans by middle of next year, reports The National.
And the developer – Marengo Mining – is unsure of government’s response times when it makes its submissions next year.
This was noted in its September quarterly report to the Australian Stock Exchange this week.

The DFS “is progressing generally to plan” and revised DFS management structure “is working effectively” which should result in completion in mid-2012, the company said.

“Work is also being scheduled to expedite the various environmental and to ensure that they have a firm basis.
“As usual, a key aspect of these submissions will be the response times by relevant approving authorities.
“This matter is being pursued as part of the process of achieving environmental approval,” Marengo said.

Marengo said the Yandera project DFS would address two basic tailings management options: a deep-sea tailings placement (DSTP), similar in style to the contentious Ramu Nickel project’s DSTP plans and a land-based tailings storage facility (TSF).

“In these options the tailings are delivered as fine slurry to either a deep offshore canyon or engineered purpose built onshore storage facility.
The mining, crushing and grinding facilities are the same for both options and would be located at the mine site.
“The concentrator is the same for both options but would be in a deferent location for each".

A preferred DSTP site had been identified and three possible locations for the land based TSF.
“Further work is in progress to select a preferred TSF location,” Marengo said.
“Preliminary mine planning and process plant design have confirmed the current approach to mining and processing is valid and preliminary engineering studies have confirmed that infrastructure can be developed to support the project,” the company said.

“Environmental and social studies to date have not identified any impediments to the proposed development and meetings with stakeholders have confirmed their enthusiasm for the project".
ramunickel | November 4, 2011 at 4:51 pm | Tags: Environmental damage, Human rights, Marengo mining, Papua New Guinea, Ramu nickel mine, Submarine Tailings Disposal, Yandera | Categories: Environmental impact, Human rights, Mining, Papua New Guinea | URL: http://wp.me/pMvf7-YA  

Auch in Frankfurt wird das BID zu 0,68 ordentlich bedient,
wobei die Stückzahl nicht geringer wird, sondern von 20000 sogar auf 30000 Stück steigt.
In AU steht im Orderbuch eine nette ASK-Säule (200000 Stück) zu 0,92.
Wer dahinter steckt werden wir wohl nie heraus finden.
Schönes WE an alle  

..........bräuchten wir mal wieder,die könnte evtl. neue Erkenntnisse dazu liefern.

Wenn z.B. die Posi von RT Basemetals kleiner geworden ist wüssten wir wer dahinter steckt.

Kommt es beim nächsten NEC Meeting zur (Teil?) Übertragung der BOC Shares ans ABG so dürfte der Spuck vorbei sein. ;-)))))))))))

ok, irgendeine potente Person möchte also den BCL-Kurs festnageln und ihn nicht steigen lassen. Dieser Eindruck drängt sich uns allen seit vielen Monaten auf.

Und: Wir hier im Forum sind beinahe alle der Meinung, das der BCL-Kurs gemessen an der News-Lage sehr viel höher sein müsste.

Die Frage ist doch aber:

Wenn diese 2 Hypothesen richtig wären, warum teilt dann nicht ein schlauer liquider Fondsmanager unsere Sicht der Dinge, riecht den Braten und kauft auf Teufel komm raus alle diese künstlich verbilligten BCL-Aktien?

Man sagt, "der Markt hat immer recht".
Wenn das so ist, dann ist an unseren Theorien irgendetwas nicht ganz plausibel.  

schaut mal auf den Tageschart in AU!

Die Bollinger sind so extremst zusammengezogen wie seit Monaten nicht mehr, der Kurs pendelt seit Wochen um diie 90 Cents Marke (=Bodenbildung) und der MACD wird in den nächsten Tagen die 0-Linie durchschneiden...

 

...man muss kein Hellseher sein, um eine dynamische Kursbewegung zu erwarten!!!

 

 

Das Problem mit den Investmentfonds ist doch aber das diese ihre Benchmark schlagen müssen. Nun könnte man natürlich sagen, das unser Bougis dazu ideal wären, wenn mit den ganzen Käufen die Eisbergorder weggesprengt würde und der Kurs kein halten mehr kennen würde.
Aber die Fondsmanager sind durch ihre Benchmarkvorgabe und ihre Anlagerichtlinien sehr eingeschränkt bei den Investitionen und werden deshalb keine Exoten kaufen. Auch Werte von unter 1 Euro bzw 1 Dollar sind in den Portfolios nicht erlaubt bzw. gern gesehen.  

Halli Hallo, hat jemand das Orderbook aus Sidney und Frankfurt ?  

sollte über www.sirca.org.au zu bekommen sein.  

http://cb.iguana2.com/netwealth2/depth/boc

Vielleicht hilft das ja!  

..........on human rights in extractive industries

http://ramumine.wordpress.com/2011/11/05/...in-extractive-industries/

By Thais-Lyn Trayer *

Papua New Guinea (PNG) has long struggled to protect human rights in the natural resource extractive industries. PNG is one of the most resource rich countries in the Pacific. In 2010 its natural resources made up 76% of the country’s $5.9 billion in export profits. PNG also struggles to effectively manage this wealth, and was ranked 153 out of 187 countries in the 2011 United Nations Development Programme’s Human Development Index.

This economic disparity between the state, resource development corporations, and customary landowners has resulted in frequent conflict, including PNG’s nine-year-long civil war. These clashes have also led to allegations of human rights violations against mining companies in particular, ranging from complicity in war crimes to extrajudicial killings.

On July 26, 2011, PNG’s National Court decided what could prove to be a landmark case for citizens seeking relief against human rights abuse by transnational corporations. In Medaing v. Ramu Nico Mgmt. Ltd., landowners and related third parties sued the owners of a nickel and cobalt mine for the harmful environmental impacts of its waste removal system. The Court declined to grant a permanent injunction, which would have prohibited dumping into the Astrolabe Bay on the north coast of Madang Province. The decision nevertheless recognized two important legal bases for valid claims of action against human rights violations in the future.

The Medaing case was brought on behalf of customary landowners, as well as citizens without a proprietary interest in the mining site but potentially adversely affected by waste removal plans. The National Court held that the plaintiffs had proper standing to bring their public and private nuisance claims due to their “close physical connection” and “genuine interest” in the land in question. The plaintiffs sought a permanent injunction against Ramu Nico’s Deep Sea Tailings Placement (DSTP) system, which controversially proposed to deposit mining waste at sea levels where, allegedly, it would not harm marine life. The court ruled that the DSTP system was both a public and private nuisance, since plaintiffs successfully showed the waste dumping would interfere with the use of their land, and furthermore cause inconvenience, damage, or harm to the general public.

Perhaps most importantly, the National Court recognized plaintiffs’ alleged breach of National Goal No. 4 as a justiciable claim of action. The preamble to the Constitution of PNG delineates five National Goals, including the conservation of natural resources and the environment for the collective benefit of PNG. Section 25 of the Constitution declares these goals nonjusticiable, but provides exceptions. The National Court held the exceptions to mean that it would not exceed its jurisdiction where “judicial power can reasonably be exercised in such a way as to give effect to the National Goals.” The court continued to describe the National Goals as the “core values” of PNG, which should guide “all persons and bodies” under the authority of the Constitution. After interpreting Section 25 and ruling in favor of the plaintiffs on this claim, the court then held that the same exception did not require it to take further action. The court, however, continued to cite the potentially severe economic consequences of disrupting mine operations at this late stage in its development, and declined to grant a permanent injunction.

The decision is currently on appeal to the Supreme Court. While failure to achieve an injunction may be viewed as a setback, it is in many ways a human rights victory. The case was the second and only successful advocacy strategy to bring a nuisance claim against a transnational corporation in PNG. Also, recognition of expanded jurisdiction for PNG’s judiciary to hear questions on its National Goals may have lasting impact. National Goal No. 3 calls for “the State to take effective measures… in particular to control major enterprises engaged in the exploitation of natural resources.” National Goal No. 5 calls for “traditional villages and communities to remain as viable units of Papua New Guinean society.” The National Court’s decision may thus provide future means for legal redress in conflicts arising between affected local communities and both transnational corporations and the state. Goal No. 5 could prove particularly important by forcing PNG to protect landowner rights and the rights of indigenous peoples in transactions to develop natural resources.

Absent an international legal framework to enforce corporate social responsibility, potential victims of abuse by the extractive industries must rely exclusively on the PNG government for protection. The Medaing case and its legacy are now in the hands of the Supreme Court. Importantly, PNG’s highest court acts as an appellate body of the National Court and is comprised of National Court judges in ad hoc panels. Should it overturn parts of Justice Cannings’ decision, his approach giving effect to the Constitution’s National Goals will nevertheless make its way to the Supreme Court in future cases. Despite a setback for the Medaing plaintiffs, PNG’s judiciary is embracing its role in the protection of human rights.

* Published in The Human Rights Brief

......... discussions

http://ramumine.wordpress.com/2011/11/05/...ounce-merger-discussions/

by ramunickel

New Guinea Gold Corporation and PNG Gold Corporation have jointly announced that they have entered into a letter of intent with respect to a potential acquisition of New Guinea Gold by PNG Gold.

This announcement has been made in response to recent unusual trading volume in New Guinea Gold's common shares in the absence of any material news from New Guinea Gold.

This letter of intent is effective as of October 29, 2011.

The terms presently under discussion would involve an arrangement under which New Guinea Gold shareholders would be issued one common share of PNG Gold for each 5.714 common shares of New Guinea Gold held (or an inverse exchange ratio of 0.175 PNG Gold shares for each one New Guinea Gold share).

   "Management believes the transaction, if consummated, will provide a platform for growth for shareholders of each company in the following manner. It will provide New Guinea Gold shareholders an immediate premium to New Guinea Gold's recent stock price, and afford a secure and expedient development path for New Guinea Gold's production and exploration licences on New Britain Island in Papua New Guinea. PNG Gold's shareholders will benefit from the transaction by the acquisition and recapitalization of the Sinivit Mine. Recapitalization will en able the mine to significantly improve operational performance. PNG Gold's management also intends to implement an expanded exploration programme. The addition of Sinivit will also enhance PNG Gold's ability to advance its 100% earned interest in the Imwauna Property on Normanby Island in Papua New Guinea".

PNG Gold and New Guinea Gold caution that no binding agreement has been reached. The execution of any such agreement would be conditional upon, among other things, completion of satisfactory due diligence by PNG Gold and approval of the directors of PNG Gold and New Guinea Gold. There is no assurance any agreement will be concluded with respect to the transaction described above or any other transaction, or that any transaction if agreed will be completed.

The parties say they do not intend to make further announcements or communications regarding this potential transaction until a definitive agreement is reached, or discussions are terminated without such an agreement being reached.
ramunickel | November 5, 2011 at 8:38 am | Tags: East New Britain, New Guinea Gold, PNG Gold, Sinivit | Categories: Financial returns, Mining, Papua New Guinea | URL: http://wp.me/pMvf7-YD

wer sein Nominee ist?