Trading Bougainville Copper (ADRs) 867948

.....die hier gezeigte  Führungsstärke (ist ja schon ein Ding Supreme Court 3:2 = schwache Mehrheit versus Parliament 69.0 = starke Mehrheit;D))))) weiter auszubauen und den vorher beschrittenen Weg in Panguna weiter zugehen, solls mir recht sein. Bin gespannt auf die nächsten news.  

... Dokumentation der Ereignisse des Tages inklusive Audio und Video auf www.bougainville-copper.eu

News kauft keiner,bei einem negativen Entscheid hätten wohl eine Verkaufswelle eingesetzt,daran sieht man das Investoren noch nicht bereit sind für ein Investment auf Bougainville
trotzdem kaufe ich weitere 5k zu 0,65  

niemand verkauft, als das JSB verschoben und O Neill als Präsident in Frage gestellt wurde!
Deshalb wundert es mich nicht, dass jetzt auch niemand kauft.

Mir solls recht sein, solange es weiter in diesem Tempo in Richtung Wiedereröffnung geht:-) und vll. wird auch noch ein bisschen nachgelegt zu diesen Kursen.  

................... but denies any culpability

http://ramumine.wordpress.com/2011/12/13/...t-denies-any-culpability/

LANDOWNER mismanagement, fraud and corruption are to blame for the debate over resource ownership in PNG, the PNG mining and petroleum seminar was told recently in Port Moresby, reports The National.

PNG Chamber of Mines and Petroleum president Dr Ila Temu told participants at the Gateway Hotel that the issue had gone so far as to influence Prime Minister Peter O’Neill and Mining Minister Byron Chan to look at amending the Mining Act.

   “In our view, as the chamber, as an industry, we feel this is wrong and ill-conceived.”

   “It is inconsistent with the constitutional provision that calls for resource development for the benefit of all citizens.

   “We believe it will give rise to an unworkable resource framework with no security of tenure and it will drive investment out.

   “We think it is too big a risk to take.”

Temu said the argument was that landowners received only a minimal benefit from the development of their resources.

   “In my view, under current law, landowners’ rights are fully recognised through appropriate compensation, royalties, equities, preferential treatment in employment and business development opportunities.

   “This has been raised more because of the mismanagement, fraud and corruption of landowners’ benefit management … it is not an ownership question.

   “Changing the laws will not address this problem.

   “In our view, it will make it worse.”

Temu spoke passionately about an industry he believed was capable of providing the financial impetus to enable the country to grow.

The mining industry was currently responsible for approximately 80% of PNG’s export income and about one-third of government revenue as well as other taxes, royalties, duties, dividends, tax credits, employment and community development infrastructure. –  Industry News

   “I am of the view that PNG must use its natural resources to fund its development,” Temu said.

   “There is strong global competition for the exploration investment dollar.”

Temu said the challenge for the mining industry in PNG was still the same – it needed to generate benefits and provide tangible improvements to the citizens of PNG in terms of better health, education, community development and general infrastructure.

“It can be done. It’s not impossible,” he concluded.

   “What is needed is a fundamental shift in the way government and landowner leaders manage, utilise and distribute resource benefits.

   “We need effective and transparent management of resources revenue so that the country and the people are better off from the use of their natural resources.”

Ist das jetzt alles rechtskräftig,oder kann noch was passieren!?  

Sieht danach aus - denn der, der momentan dran ist, macht das Recht dann eben passend.  

... und Konfrontation in Port Moresby! Die aktuelle Situation auf www.bougainville-copper.eu !

.......... and Speaker Nape has just reaffirmed Peter O’niel as the legitimate Prime Minister of PNG. He also went on to say that Sir Michael Somare is no longer an MP but an ordinary citizen of PNG.

http://malumnalu.blogspot.com/2011/12/...eter-oneill-storms-into.html

Tuesday, December 13, 2011

Peter O'Neill storms into Government House

Peter O'Neill and members of his faction have bulldozed past heavily-armed police into Government House in their bid to have Governor-General Sir Michael Ogio swear them in as the legitimate government.

It was a dangerous scene which could easily have resulted in bloodshed.

Posted by Malum Nalu at 12/13/2011 03:11:00 PM  

2 mögliche Szenarien werden im Moment in POM heiss diskutiert.

- O´Neill wird vom GG als PM vereidigt.

Hier übergeht man das Urteil des Supreme Court welches Somare als PM bestätigt hat u. läuft möglicherweise in die Falle "unconstitual" gehandelt zu haben und einen neuen Fall für das Supreme Court zu produzieren.

-Der GG bestätigt Somare als PM

Das Parlament stimmt in einem Misstrauensvotum gegen Somare u. wählt anschliessend O´Neill als neuen PM.

--Der Governor General Ogio, der übrigens B´viller ist vereidigt O´Neill als neuen PM

Das scheint zumindest die sauberste Lösung zu sein.

.............. as rivals both claim hold on PM's job

http://www.theaustralian.com.au/news/world/...-e6frg6so-1226220945976



   From: AAP
   December 13, 2011 5:45PM


PAPUA New Guinea was plunged into an "unprecedented" constitutional crisis today, with Sir Michael Somare and Peter O'Neill both claiming to be the country's legitimate leader.

Foreign Minister Kevin Rudd urged calm, saying Australia was “deeply concerned” over the tense standoff in a sprawling and often violent country with a history of political intrigue and corruption.

Sir Michael, 75, was reinstated as the Pacific island nation's prime minister late yesterday when the Supreme Court ruled the election of Mr O'Neill to the post by fellow lawmakers in August was unconstitutional.

But Speaker Jeffery Nape said during an emergency sitting of parliament today that he would only recognise the government of Mr O'Neill.

Sir Michael's daughter Betha said her father had made it to Government House in Port Moresby and been sworn in, although this could not be confirmed elsewhere.

“The PM has already gone into Government House and he's already signed off on the instruments recognising Sir Michael as Prime Minister,” she said.

But she added that his ministers had been prevented from joining him after Mr O'Neill and dozens of his MPs blockaded the building.

“What's happening at the gates of Government House is that the government, or the rogues that were ousted, have blocked off the Government House gates,” she said.

“So the people that are supposed to be sworn in cannot be sworn in.”

Sir Michael, who has led the country for almost half of its 36 years of independence, was ousted by a majority of MPs after he spent months in Singapore recuperating from heart surgery.

His long absence from parliament prompted MPs to declare his seat vacant, seemingly ending his dominance over political life in the impoverished country as it stands on the threshold of a resources boom.

But in a narrow 3-2 decision, the Supreme Court found there was no vacancy in the office of prime minister, and rendered illegal the decision to hand Mr O'Neill power.

However Mr Nape ignored the ruling and insisted Mr O'Neill was the legitimate leader.

“The law is very clear,” he said. “The decision by the speaker of parliament on August 2 that there was a vacancy (in the prime ministership) on August 2 was not unlawful.”

Anthony Regan, a constitutional law expert at the Australian National University, called it “an unprecedented constitutional crisis in PNG” and said Governor-General Michael Ogio was in a difficult position.

“He needs to be utterly non-political but he has been put in a very political situation,” he said.

“Does he listen to the parliament or the Supreme Court? Each is a valued constitutional institution.

“I'm afraid there is no simple solution.”

Mr Rudd called for calm.

“We are deeply concerned about the situation,” he told the ABC, adding that Canberra was in touch with all parties and employing “quiet diplomacy”.

“Obviously there are heightened political intentions within Port Moresby with two, as it were, alternative prime ministers. This is unknown terrain in Papua New Guinea.”

Da ist man schon so lange dabei, aber ab und zu möchte man einfach nur Ko.... über über die dort herrschenden gesellschaftlichen Verhältnisse.  

PNG, was für ein Irrenhaus!...    

Schade ist, das die Politiker, Bürger und Landeigner der Insel Bougainville hier nicht ihre Chance sehen und das Mining schon längst ohne PNG und vorläufig auch ohne den 19%-BCL-Anteil vorantreiben. Wenn man das wollte, ginge das ja auch...  

Aber wie jeder Heranwachsender muss wohl auch diese junge Autonomiegesellschaft erst lernen mit der Freiheit und ihren Möglichkeiten umzugehen. Hier wird deutlich, dass es mit einer fördernden Mine am Ende dann doch eher 2018/2019 wird, und nicht schon 2015. Jahrzehnte für eine Willensbildung...  

...zur aktuellen Krise in Port Moresby auf www.bougainville-copper.eu !

........................has been just sworn in by the GG at government house!

Von den Medien noch unbestätigt

. Jeffrey Nape is now the acting GG.

.................... has just finished swearing in O'Neil as Prime Minister.

Ein echter Krimi,würdig dem "Land of the unexpected"  ;-))))))))))))))))))))))))))))))))

14.12.2011 Source: ABC Radio Australia - Pacific Beat
 
A former commander of Papua New Guinea's Defence Force says the current commander is doing the right thing by refusing to take sides in the country's constitutional crisis.

Defence Force chief Brigadier General Francis Agwi says the PNGDF has no political position and takes no political sides.

One of his predecessors, General Jerry Singirok, says the disciplined forces will protect law and order, but won't be drawn into the political clash.


Presenter:Bruce Hill
Speaker:General Jerry Singirok, former commander, PNG Defence Force


 Listen here !

dass es nach 2 PMs, 2 GGs, 2 Police commanders auch noch 2 verfeindete Armeechefs gäbe die sich an die Gurgel gehen.

Diese Gefahr scheint zumindest gebannt zu sein.

Auf Boug konzentrieren sich die Lo´s darauf den Besuch von Momis in Panguna vorzubereiten ;-))))

...bald beendet sein. Warum? Siehe: www.bougainville-copper.eu !

....als Staatsoberhaupt von PNG muß langsam aufpassen das die Orientierung nicht verlorengeht. ;D))))
Vor ein paar Tagen erst Super trouble mit den Nachbarn auf dem Festland und jetzt Super trouble zwischen Häuptlingen. Aber wer ausser Buckingham Palace soll/kann es sonst richten ?

Quelle : Papua New Guinea Blogs

Thursday, December 15, 2011
Queen could be called on to settle PNG political deadlock
The Queen could be called in to settle a bizarre political deadlock in Papua New Guinea which has left the country with two rival Prime Ministers and two governors-general.

While either of the two sides could seek the royal assent to their choice as governor-general, the Queen is likely to try to avoid a decision until the turmoil resolves internally. Experts said Buckingham Palace will be very unlikely to put phone calls from the Pacific nation through to the Queen. The Palace was drawn in to the unfolding turmoil after the PNG parliament voted to suspend the Queen's representative, Sir Michael Ogio, following his decision to back Sir Michael Somare to be prime minister.

Instead, the Parliament supported the Speaker as acting governor-general and he swiftly swore in a rival contender, Peter O'Neill, as prime minister. A constitutional expert, Anne Twomey, said the situation was "abominably complicated" and there were few – if any – precedents. Though it is unclear whether a governor-general has ever been suspended, there have been occasional sackings on Caribbean islands. However, these have occurred where the prime minister has fallen out with the governor-general – and so the Queen's assent to a sacking was uncontroversial. "The Queen will be very conscious of what is going on in PNG," she told The Daily Telegraph.. "She would most likely not act until it became absolutely clear who was the prime minister and comprised the national executive council.

While there was any doubt on that question, she would be unlikely to act ... Buckingham Palace will make sure that whoever answers the phone will give a placatory answer but they will be canny in not getting the Queen involved. If I were her, I would become rather hard to contact." The deadlock followed a decision by the country's Supreme Court to reinstate Sir Michael, a veteran and wily politician known as the grand chief. The court invalidated Sir Michael's resignation last August which had been announced by his family while he was receiving medical treatment abroad.

Adding a bizarre twist to the dramatic turmoil in the Commonwealth country, a magnitude 7.1 earthquake struck the capital on Wednesday as an MP warned that Parliament was cursed. Dr Twomey, from Sydney University, said the closest precedent to the unfolding crisis was a case in Western Nigeria in 1962, when a provincial governor dismissed the premier, who appealed to the Queen. "Her Majesty's approach throughout was to do nothing and hope that the political issues would resolve themselves," she said. "I suspect she will take the same approach in relation to PNG.

She will not want to be involved in the politics of it. If you do nothing for long enough, the politics will normally sort itself out." Though the turmoil has not spilled into violence, the standoff has resulted in two leaders, two governors-general, two police commissioners and two cabinets. "We're all schizophrenic now. There's two of everything," said Institute of National Affairs executive director, Paul Barker. "The country cannot stand this division. There are questions of the legality over everything.  

 

http://www.fijitimes.com/...source=twitterfeed&utm_medium=twitter

Bewegendes Photo das Peter O'Neil und andere zeigt, als versucht wird die Polizeisperre zu durchbrechen...