Trading Bougainville Copper (ADRs) 867948

The National 30 Nov 11

By JOYCE TOHUI

BOUGAINVILLE President John Momis said that Bougainville will allow foreigners to do business on Bougainville, on Bougainville’s terms.
Mr Momis said that is why his government emphasises strongly on joint venture (JV) business and discourages stand alone businesses by foreigners.
‘’Since the crisis, Bougainville businesses were buying goods from wholesalers in Papua New Guinea and these companies have made a lot of money but they have never shared any equity to benefit the people,’’ Mr Momis said. He said that is why the ABG encouraged the people of Bougainville to go into JV businesses and benefit from these activities.

THE  mining lease agreement for Bougainville expired last Friday but the  mining lease agreement automatically extends for another 21 days as per  the Mining Act, parliament has been told.

Ich hoffe mal, dass sich die Lizenzen schon um 21 Jahre und nicht um 21 Tage verlängert haben und das nur ein Schreibfehler war...  

..........another 21 years as per  the Mining Act

http://www.mra.gov.pg/

http://www.mra.gov.pg/Downloads/LegislativeDocuments.aspx

http://australianetworknews.com/stories/201111/3380413.htm?desktop

Last Updated: 3 hours 19 minutes ago

Warring factions in the south of Papua New Guinea's autonomous Bougainville province have signed an historic peace agreement at a reconciliation ceremony in the village of Mogoroi.

The Konnou Constituency was the last part of the island to undertake reconciliation after the nation's last civil war in 1990.

The deal will allow government services to return to the area.

The Autonomous Bougainville Government President John Momis says while they facilitated the agreement, it was the warring factions who initiated it.

"It's a very clear demonstration that all the factions will lay down arms to work to find true reconciliation and peace," Mr Momis said.

"It will take some time for us to work out just exactly what we need to do to engage them in a social economic program."

Also bis gestern hieß es;keine Lizenzverlängerung,erst muß verhandelt werden;heute heißt es Lizenzverlängerung erst ein mal durch,es muß aber trotzdem noch verhandelt werden.

mMn würde das bedeuten das gesetzlich die nächsten 21 Jahre gesichert wäre,oder habe ich da was falsch verstanden??  

Laut Mining-Act wird die Lizenz auf Antrag der Company automatisch um 21 Jahre verlängert.(Verlängerung wurde letztes Jahr von BCL beantragt)

Jetzt gibt es Bestrebungen diese automatischen Verlängerungen in Zukunft u. A. von der Zustimmung der Landeigner abhäng zu machen.

Dafür bedarf es jedoch einer vom Parlament zu verabschiedenden Änderung des Mining Act welche aber nicht rückwirkend gelten kann

An die jetzige Verlängerung um 21 Jahre müssten eigentlich noch die 21 Jahre an denen BOC keinen Zugang zur Mine hatte, zusätzlich angehängt werden.

 

Es ist scheinbar niemanden aufgefallen, dass es verschiedene Versionen dieses Plans gibt. Die bei der ASX eingereichte Version ist etwas konserativer.

http://www.asx.com.au/asx/statistics/...isplay=pdf&idsId=01224012

Ich denke aber, dass der in #10394 gezeigte Zeitplan durchaus realistisch sein dürfte, da wir ja gut im Zeitplan liegen.  

Ob ich von heute aus 8 Jahre rechne ý 30.11.2019
Oder als Zieldatum 2019, oder wie in Posting #10394 das Zieldatum 2019
angegeben wird.  

und ich dachte immer, meine 2015-Prognose wäre pessimistisch...  

Interessant ist auch, dass ein Jonathon Lew die Präsentation erstellt hat. Er war lange Zeit bei CRA und bei Rio Tinto beschäftigt.

 

In der Zeit von 2004 bis 2009 war er bei Rio Tinto als "Principal Advisor -Geology" beschäftigt.  

Er schreibt selbst dazu: Managed technical studies on several uranium and porphyry copper-gold projects including Kintyre uranium and Bougainville Copper. Prepared and presented technical aspects for the successful sale of the Kintyre Project.

Damit dürfte die Order of Magnitude-Studie gemeint sein.

Zur Zeit ist er selbstständig(?) und seine aktuelle Tätigkeit beschreibt er wie folgt:

The first year of consulting has been very busy with technical reviews  and study management undertaken for several clients on copper, gold and  uranium projects.

Da kann man doch erkennen, dass BCL bzw. Rio Tinto nicht darauf wartet, bis das neue BCA ausgehandelt ist, sondern bereits jetzt aktiv verschiedene Szenarien auf technische (und wirtschaftliche) Machbarkeit prüft und  vorbereitet.

 

Hier noch der Link zum LinkedIn-Profil von Jonathon Lew:

http://au.linkedin.com/pub/jonathon-lew/14/b8/b75

Gruß,

Mike

 

 

 

ist frei übersetzt *ein* Weg um die Vision (reopening Panguna) zu erreichen.

Der markierte Zeitstrahl markiert meiner Meinung nach doch nur die einzelnen abzuarbeiteten  Komponenten im Sinne einer roadmap ohne einen Anspruch auf volllständiger Einhaltung der Zeitfenster.                                                                                                          Ich rechne desshalb stark damit  das hier die Realität die Theorie oft überholt und umgekehrt die Realität der Theorie hinterher hinkt. Als  ausserordentlich positiv sehe ich die Tatsache das wir heute Mittwoch den 30.22.2011  2:52 pm da stehn wo wir stehen - es geht voran. ;D))))))  

eine sehr gute Doku über Katanga und das Mining in Congo.  

http://videos.arte.tv/de/videos/katanga_business-4280376.html  

Das ist klar,nur was mich wundert ist,gestern noch bedankt Momis sich bei ONeill das er die Lizenzen nicht verlängert hat,und heute dann die Meldung über die automatische Lizenzverlängerung. :-)  

Warum ist so eine Lizenzverlängerung BCL keine ad-hoc wert??
Für mich zwingend notwendig!!!  

http://ramumine.wordpress.com/2011/12/01/...-and-ring-fencing-wealth/

"Unser Rabbie" ;-))))))  

Former prime minister Sir Rabbie Namaliu will be its chairman.

By Yehiura Hriehwazi


Wealth derived from the mining and petroleum sectors should not be “ring-fenced” by a few greedy politicians and siphoned off fraudulently by individuals, Prime Minister Peter O’Neill said yesterday, reports The National.

This is the key reason for the establishment of the proposed sovereign wealth fund. Former prime minister Sir Rabbie Namaliu will be its chairman.

Speaking at the official opening of the mining and petroleum conference in Port Moresby, O’Neill unveiled the basic make-up of the fund.
Consultations are under way to gauge public views on the fund’s establishment.

   “Persons with impeccable financial experience and good community standing will also be appointed to the board of the fund.

   “Stringent transparency and accountability requirements will be established including quarterly reporting to parliament.

   “Legislation for the establishment of the sovereign wealth fund will be put through parliament next week.

   “That assertive action demon­strates government’s deliberate resolve to make sure that the nation’s wealth shall not be ring-fenced by greedy politicians, spend wastefully or siphoned off fraudulently by individuals.”

He said there was a promising outlook for growth with the expectation of huge inflows of re­venue to the state coffers during the next 10-15 years, from new mining ventures and from the LNG projects.

   “That is why the government was moving “decisively” to establish the SWF.

   “The thinking behind the SWF was to absorb these unprecedented revenue windfalls and thereby palming off inflationary pressures.

   “Of course, we want to ensure the nation has savings to call upon for urgent development needs including key infrastructure and meeting budget that arise in the future.

He said PNG’s development was under-pinned by fair value “we receive from the state’s equi­ty participation and from taxation revenue-inflows from all existing mining and petroleum projects.”
Since taking office in August, he said everyone genuinely involved in the extractive natural resource sector was treated as “partners in our national deve­lopment”.

in die richtige Richtung,wenn jetzt noch teilweise die Shares übertragen werden,bin ich mehr als happy und die Roadmap von BCL sollte überarbeitet werden,dann würde die Zeit uns überholen :-)))

hihi und ALF steht heute wieder da wo es vorgestern stand :-(((

Die hätten ihre Gewinne lieber direkt in BCL gesteckt!!!!  

http://ramumine.wordpress.com/2011/12/01/...essing-mineral-ownership/

Mining Minister Byron Chan yesterday took a cautious approach to address the sensitive “mineral ownership” issue at the opening of a four-day mining and petroleum seminar in Port Moresby yesterday, reports The National.
“

The government is very mindful of the sensitivity and expectations surrounding the issue of mineral ownership,” Chan said

“The government is trying to address the issue through the development of an effective and tangible benefit distribution mechanism that will give greater participation to our people in the development and exploitation of our mineral resources within the constitutional directive to ensure equal and fair distribution to all citizens of PNG in accordance with the laws and policy priorities,” he said.

Speaking after Prime Minister Peter O’Neill’s opening address, Chan said the government was “well aware” that the real issue was accountability and transparency in the use and application of mine- derived benefits by provincial governments and landowners and the government’s inability to implement service delivery to affected areas as well as capacity issues among stakeholders.

He said in his short time as the mining minister, he had realised that the government’s state teams in their respective agencies had “always upheld the constitution” regardless of the challenges that faced them [seems the Mining Minister has never heard about Bougainville, Ok Tedi, Porgera, Ramu, Hidden Valley and their environmental and social problems..... ]

He said the constitution called for “wise use to be made of our natural resources” and “equal distribution of wealth to all our people” [and we all know neither of these principles have EVER been upheld by the mining industry!!]

Consistent with the Constitution, the Mining Act 1992 declared exploration and mining to be public purposes for a reason that is reasonably justifiable in a democratic society that has proper regard for the rights and dignity of mankind and that the discovery, appraisal, development and exploitation of minerals to be in the national interest [er, National Interest? Or the interest of a few politicians, their cronies and foreign owned mining companies?]

“These are the guiding principles that require us to ensure the distribution of wealth is shared amongst our people, and not centred on one particular area to the exclusion of all others.”

Warum sollte BCL eine Ad Hoc Meldung herausgeben, über einen Sachverhalt, der vertraglich geregelt und somit auch schon hinlänglich bekannt ist??? Das macht das Unternehmen nur, wenn es an steigeneden Kursen interesse hat :-)

Zu den Möglichkeiten warum der Kurs nicht steigen will, bzw. die Umsätze nicht höher sind, trotz durchwegs guter Nachrichten vor Ort 2 Ansätze von mir:
1. Die Story von BCL ist nach über 22 Jahren in den Niederungen der Börsengeschichte verschwunden und keiner hat den Wert mehr auf der Watchlist. Deshalb wäre für mich der Gedanke naheliegend, dass wir hier über den ESBC und die rege Forumsteilnahme zu den Kreisen gehören, die einen Wissensvorsprung gegenüber dem restlichen Markt haben.

oder

2. Es investiert kein Institutioneller Anleger, da er bei seinen Reserchen über BCL auf die Problematik mit den ungedeckten Leerverkäufen gestoßen ist...(falls es die Wirklich gibt)  

........ bei dem Untersuchungspunkt „Gründung von Unternehmen“ schneidet Deutschland mit Platz 98 schlecht ab.

(insgesamt 183 Länder)

Von den großen Schwellenländern liegt China mit Platz 91 an der Spitze. Russland belegt Rang 120, etwas weiter hinten folgen Brasilien (126) und Indien (132). Griechenland kommt auf Platz 100. Das ist eine Verbesserung um einen Platz.       ***Platzt 101 belegt jetzt Papua Neuguinea. Das ist eine Verbesserung um einen Platz.  Besonders schlecht steht das Land, das seit über einem Jahr versucht, seine Wettbewerbsfähigkeit zu verbessern, in den Punkten „Gründung eines Unternehmens“ (Platz 135) und „Kauf/Verkauf von Besitz“ (Platz 150) da. Auch das Steuersystem (Platz 83) und die Kreditversorgung (Platz 78) sind verbesserungswürdig.********
...
Weltbank Geschäftsklima-Ranking: Griechenland knapp vor Papua-Neuguinea - weiter lesen auf FOCUS Online: http://www.focus.de/finanzen/news/...-papua-neuguinea_aid_676561.html
...

das oben stehende trifft jetzt bestimmt nicht 1:1 auf unsere Firma zu da ein Sonderfall. So schlecht ist es doch summa summarum eigentlich nicht aber ich glaube es beleuchtet ein wenig die Situation in Bezug auf das  Käuferinteresse bis die echten positiven Nachrichten kommen.
;D))))  

http://www.pngindustrynews.net/...toryid=2492693&sectionsource=s0

Ron Berryman
Thursday, 1 December 2011

PAPUA New Guinea Prime Minister Peter O'Neill told a Port Moresby mining seminar legislation would be introduced next week to establish a sovereign wealth fund to take advantage of the country's resources windfall.

PNG Prime Minister Peter O'Neill.

"PNG's mining and petroleum sectors have been the most aggressive drivers of our nation's economic fortune for almost a decade now and our government acknowledges the sector's contribution towards stabilising and growing our economy since the economic meltdown in the early 1990s," he said.

"We expect a strong performance in this sector will prevail over this decade and beyond and with such a promising expectation of revenue, our government is now moving to establish a sovereign wealth fund.

"This action demonstrates the government's deliberate resolve to making sure the nation's wealth shall not be influenced by 'greedy politicians'.

“Our nation has missed out on many opportunities in the past."

However, the prime minister appeared to contradict himself and his mining minister when he said: "There is no desire from the government to review existing frameworks".

The statement is totally at odds with Mining Minister Byron Chan's speech in which he outlined a major exercise being undertaken by the government which "is a review of the mineral policy, this includes the Mining Act 1992, the Mining Safety Act 1977 and the mineral policy of PNG and the development of offshore mining policy".

O'Neill said his government would not tolerate situations that would "create PNG as an undesirable or risky investment situation".

However, he alluded to the landowner situation and said the government was committed to accommodating demands "within existing provisions of the legislation".

"No one should ever have the illusion or expectation to come here without giving back a fair value to Papua New Guinea," he said.

"Having said that, let me reassure you that our government is committed to fast-tracking many of the processes that enable start-up of new ventures awaiting regulatory clearance and licensing approvals."

Chan said the review to existing legislation would be aimed at making PNG internationally competitive and reduce processing timeframes.

Other areas which would come under consideration included a mine waste management policy; a mine closure policy; a geothermal policy; a coal seam methane policy; a royalty policy; an involuntary relocation policy; and social impact assessment guidelines.

"The government is aware of the sensitivity of the mineral ownership issue," he told the seminar.

"We will look at giving our people greater participation in the development and exploitation of our mineral resources to ensure equal and fair distribution to all citizens of PNG.

"The government is well aware that the real issue is transparency and accountability."

Die Diskussion über das angestrebte Referendum zur Unabhängigkeit B´villes geht einher mit den Fragen wie die Independance finanziert werden kann.

1.12.2011 Source: Post-Courier

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

THE National Government and the Autonomous Bougainville Government are already in communication over the referendum issue for Bougainville.
A committee that was set up by both governments has commenced its work and are now constantly monitoring referendum activities in other parts of the world.
National co-ordination office of Bougainville Affairs director Ellison ToWallom, in his speech to the leaders of Bougainville meeting in Port Moresby last week, advised that work has commenced to put the issue into perspective.
“Referendum was not on the agenda for discussions between the National Government and the ABG until February 2010. During the JSB at the Gateway Hotel, on February 12, 2010, the ABG put on the table that referendum should be discussed then, rather than later,” Mr ToWallom said.
“In retrospect, this was seen by the National Government as a wise move from many different perspectives. The immediate one being that comparative regional and global perspectives on referendum needed to be understood to help the preparations for it.”
“At the official level, at least committee is now in operation to do just that. The committee comprises the following officials.
National Government members are:
* Chief Secretary to Government (chairman)
* Director of NCOBA
* Secretary, Department of Justice & Attorney General
* PNG Electoral Commissioner
ABG members:
* Chief Administrator
* Acting Electoral Commissioner, and
* Principal Legal Officer
“The work of the committee has commenced and both the director’s office of NCOBA and the Chief Secretary’s office are constantly monitoring referendum activities in other parts of the world. For example, the conduct of the recent referendum in South Sudan and shortly the New Caledonia and Scotland referendum as well,” he said.

http://australianetworknews.com/stories/201112/3381893.htm?desktop

Last Updated: 1 hours 35 minutes ago

The Bougainville president John Momis is preparing for an historic return to Panguna 21 years after being abducted there.

President Momis was held captive by the Bougainville Revolutionary Army, led by the late Francis Ona.

He was released almost six months later.

Mr Momis has returned to Panguna only a few times, but this will be his first visit as president of the autonomous region.

He told Radio Australia how his capture ironically helped shape today's Bougainville.

"In the end it was a cordial relationship," he said.

"Frances Ona actually apologised to me for being held captive and asked me to go and represent the people of Bougainville and work for autonomy with the eventual aim of achieving political independence".

........... bullisch.

http://www.godmode-trader.de/nachricht/...ullisch-Comex,a2706987.html

New York (BoerseGo.de) – Nachdem sich die Kupferkurse zuletzt hochvolatil bewegt haben und in den letzten Handelswochen öfters mit größeren Aufwärts- oder Abwärtsgaps den Handel eröffneten, sind die Analysten derzeit erstmals seit sechs Wochen wieder mehrheitlich bullisch für das Industriemetall eingestellt.

Insgesamt 12 von 22 Analysten, die von Bloomberg befragt wurden, erwarten in der nächsten Woche einen Anstieg der Kupferkurse. Zwei Analysten sind neutral eingestellt. Die Quote von 50 Prozent ist der höchste Wert seit dem 21. Oktober. Das letzte Mal als die Experten vergleichsweise bullisch eingestellt waren, legten die Kurse in den darauf folgenden fünf Handelstagen um 14 Prozent zu.

“Die vereinfachten Kreditvergabebedingungen in China sollten den Lageraufbau bei Kupfer stützen. Dies sollte das Angebot reduzieren und den Preis stützen“, zitierte Bloomberg Angus Staines, Analyst von der UBS in London.