BOUGAINVILLE (852652)

Gold-Hedging nimmt in zweitem Vierteljahr um 5,4 Mio. oz ab

Das Gold-Hedging der Bergbaugesellschaften fiel im zweiten Vierteljahr 2007 um 5,4 Mio. oz (erstes Vierteljahr: 3,9 Mio. oz) auf insgesamt 31,2 Mio. oz. Laut einer von Mitsui Precious Metals gesponserten Studie soll die Menge des vorab verkauften Goldes im gesamten Jahr 2007 um 11-13 Mio. oz zurückgehen. 2006 betrug der gesamte Rückgang 13,4 Mio. oz.


Anglo Gold Ashanti löste Vorwärtsverkäufe in Höhe von 0,8 Mio. oz auf. Newmont Mining Corp. reduzierte seine Vorwärtsverkäufe um 2,0 Mio. oz und Lihir Gold strich 1,4 Mio. oz aus seinem Hedge-Book. Nur Goldfields unternahm größere Vorwärtsverkäufe zur Projektfinanzierung in Höhe von 0,4 Mio oz.

Diese Meldung ist ein Service von www.GoldSeiten.de und www.Rohstoff-Welt.de, den führenden Websiten für Edelmetalle und Rohstoffe im deutschsprachigen Raum.

 

http://www.postcourier.com.pg/20070803/frhome.htm

Listen to the people, PM

I notice with mounting irritation how our PM keeps changing his mind on major issues that affect our great nation. It must be his old age or even worse his pride that continues to cloud his judgment.
First it was the Moti Affair, then the Finance Inquiry and now it’s the competition in the Telecommunications industry. If Telikom could provide even half of what Digicel has given us, by tomorrow, I would gladly throw away my Digicel phone and support Telikom PNG. But as we all know very well, that is not going to happen any time soon. With all due respect Grand Chief Sir Michael, please be reminded that the nation of Papua New Guinea is not one of your private companies. It’s actual people with actual needs. All we want is to have medicine and doctors in hospitals, books and teachers in schools, infrastructure that is usable and telecommunications that is affordable and reliable. We deserve more than what’s been thrown at us for the last 30 odd years. Start listening to the people.

– Donna, via email

 

kann mir mal einer erzählen, was das in AU soll mit den "unwahrscheinlich hohen" und teilweise vielen Order/Umsätzen von jeweils unter 50 Stück in den letzten Tagen???
Das so etwas mal immer wieder vor kommt, ok ... aber das geht jetzt ja wohl schon 3 oder 4 Tage nacheinander so.
Soll der Kurs nur gedrückt werden?  .. oder verkaufen da tatsächlich Kleinstanleger ihre Stücke?  Oder was?
 

das sind Signale an die Besitzer kleinerer Mengen. Schau her, Deine Kollegen haben auch verkauft. Gib schon her, das Zeug ist nicht mehr wert als ich jetzt biete. Manch ein Insulaner braucht eben dieses bißchen Kohle. Dass davon Gebühren abgehen, erfährt er erst hinterher.    

http://www.thenational.com.pg/080307/nation3.htm

By ISAAC NICHOLAS in Kokopo

EIGHT Independent MPs-elect have joined the National Alliance (NA), boosting its numbers to 34 and strengthening its position to lead more than 12 political parties in a major coalition to form the next government.
The NA-led coalition camp in Kokopo has a solid 73 MPs on the ground and will form the government when Parliament resumes on Aug 13.
Governor-General Sir Paulias Matane is expected to invite the NA— the party with the majority — to form the government.
The numbers started building up on Tuesday but as of late yesterday, the camp exceeded the required 55 simple majority for National Alliance to lead for another five years.
All coalition partners are back in town with surprise package of People’s Democratic Movement led by North Bougainville MP Michael Ogio, People’s Party leader and Enga Governor Peter Ipatas, PNG Country Party leader Jamie Maxtone-Graham, National Advance Party leader John Pundari and Pangu Party leader Andrew Kumbakor, who all flew into Tokua on a chartered Air Niugini Dash 8 aircraft yesterday.
The party leaders were escorted by Aitape Lumi MP Patrick Pruaitch and Vanimo Green MP-elect Belden Namah.
Parties already on the ground included People’s Action Party (6), United Resource Party (4), Rural Development Party (4), United Party (2), Melanesian Alliance (1), People’s National Congress (4) and People First Party (1).
Mr Kumbakor led his five MPs to Kokopo including Nipa-Kutubu MP-elect Philemon Embel and Kavieng MP Martin Aini who arrived yesterday.
Mr Ogio arrived on the charter with Central Bougainville MP-elect Jim Miringtoro.
Provinces who have all their MPs in Kokopo included Milne Bay with all its five elected MPs in town, Bougainville, East Sepik, East New Britain, Manus and West Sepik.
The Independent MPs-elect who joined NA included Milne Bay governor-elect John Luke, Alotau MP Charles Abal, Kokopo MP-elect Patrick Tammur, Ijivitari MP-elect David Arore, Wewak MP-elect Jim Simatab, Kagua-Erave MP-elect James Lagea, Manus governor-elect Michael Sapau and Nawaeb MP-elect Timothy Bonga.
The party leaders and the members were all transported out to Clubmill in Gazelle electorate for a meeting before finalising any solid arrangements.
caption – 1.PDM’s Michael Laimo, PNG Country Party’s Jamie Maxtone Graham, Enga Governor Peter Ipatas and Pangu’s Andrew Kumbakor arriving at Tokua.


 

http://www.thenational.com.pg/080307/nation11.htm

Kabui supports an NA-led govt

By AUGUSTINE KINNA
Autonomous Bougainville Government (AGB) President Joseph Kabui has congratulated the four newly elected members who will represent the autonomous region in National Parliament and hailed their decision to stand together.
Mr Kabui said in a press statement that he was gratified that Paias Wingti decided for the People’s Democratic Movement Party to join the National Alliance Party.
He said by working together, the sensitive issue of autonomy and transition of functions from the National Government to the ABG will be smooth.
Mr Kabui described Prime Minister Sir Michael Somare as a friend of Bougainville who played a major role in the success of the peace process that led to the signing of the Bougainville Peace Agreement.
But president Kabui said he was wary about reports that another group would offer the job of prime minister to Sir Julius Chan.
“I have offered the hand of friendship and reconciliation to Sir Julius and he refused to take it. The whole peace process has been based on the concept of reconciliation and it is sad to think that a leader might have a confrontational mindset, when we have moved so far away from that in the 10 years that he has been out of power,” Mr Kabui said.
He said he was worried to think that Sir Julius might attempt to rewind history and that it would be harmful to the nation as a whole and Bougainville in particular.


 

Unter Chan ist eine Verhärtung der politischen Konfrontation PNG - Bougainville erwartbar. Julius Chan ist der Sohn des Händlers "Chin Pak", aus Taishan, China.

Chan versuchte, Panguna mit Hilfe von Sandline zu "befreien" - gegen die Zustimmung Australiens. Als Teilbezahlung sollte Sandline Anteile an der neuen Panguna Mine bekommen.

Interessant auch
http://www.filepoint.de/info/Sandline-Aff%C3%A4re/

 

Dass es zu einer Konfrontation kommen wird darf bezweifelt werden.Auf welchen Druck ($$$?)Chan 97 seine Entscheidung fällte weiss nur er allein.Schon in den 80 gab es eine Kontroverse wegen einer sehr hohen Zuteilung der damals neu gelisteten Placer Pacific an Chan, welche zur 1 Eröffnung gigantische Kursgewinne erzielte.

Aus seiner politischen Karriere gibt es noch eine Menge mir pikanter Details welche ich hier nicht veröffentlichen möchte.Dass er ohne Skrupel ist beweist die Sandline Affäre zur Genüge.Dass er sehr grosse Taschen hat ist ein offenes Geheimnis.Jetzt kommt es wohl auf die Angebote an.

Einschätzung aus B'ville ....On the whole I see him playing a more positive role re BOC   ;-))))))))))  

an den Börsen in AU USA u. D dürften wir am Fr wohl das niedrigste VOL der letzten 10 Jahre gesehen haben.;-)))

Die immer noch ausstehenden endgültigen Wahlergebnisse u. die jetzt beginnenden Koalitionsverhandlungen unter den 21 registrierten Parteien http://www.pngec.gov.pg/resultsNat2007/PartyStanding.htm dürften noch für einige überraschungen sorgen.

Obwohl die derzeitige Situation also viel Raum für Spekulationen lässt dürfte eins klarsein.Egal welcher Kandidat oder welche Partei das Rennen macht,um auf Bougainville eine prosperierende Wirtschaft zu etablieren führt kein Weg an BOC vorbei. ;-))))  

http://www.postcourier.com.pg/20070806/mohome.htm

Writs go to G-G

THE WRITS for the 2007 National Elections will be returned today at Government House in Konedobu, Port Moresby with two regional seats yet to be declared.
Prime Minister Sir Michael Somare’s National Alliance Party – which returned 26 members, the highest number by any party – is expected to be invited to form government.
Electoral Commissioner Andrew Trawen on Friday said the writs were ready and would be returned to the Governor-General this morning at 10 o’clock.
But the writs for the Madang and Western Highlands Regional seats may not be there.
The declarations for these seats have been marred by court battles and attempts to seek clarification from Mr Trawen yesterday were unsuccessful.
But Registrar of Political Parties Paul Bengo said last night those writs were expected to be brought in today to be returned together with the already declared ones.
Mr Bengo said counting was continuing for Western Highlands and the Supreme Court sat yesterday afternoon to rule on the Madang declaration. The NA-led Kokopo camp appears to have the numbers to form the next government.
But the Port Moresby camp, led by former prime ministers Sir Julius Chan and Sir Mekere Morauta and former treasurer Bart Philemon, is also confident of a shift of camps in the remaining seven days before the formation of government in Parliament a week from today.
On Friday, Sir Julius Chan called on leaders to use their conscience in the formation of a government and at the same time, the three leaders said they were talking to parties in Kokopo.

 

http://www.postcourier.com.pg/20070807/tuhome.htm

Somare’s courtship a waste of time, says party bosses

PRESIDENTS of three parties in the Port Moresby camp are calling on all leaders and MPs being courted by Sir Michael Somare in Kokopo to stop wasting their time.
Alex Anisi (PPP), Thomas Negints (PNG Party) and Joe Leahy (NGP) are also calling on the leaders and MPs to move to Port Moresby and form a better alternative government with Sir Julius Chan (New Ireland Provincial), Sir Mekere Morauta (Moresby Northwest) and Bart Philemon (Lae).
“We offer decisive leadership that would not go back on our word once we have given it to investors – unlike that of the National Alliance leadership aptly shown in the current Digicel saga,” Mr Anisi said.
“The so-called Warangoi Accord is merely a replica of the Kokopo Accord of 2002 that was breached immediately after National Alliance (NA) got into Government,’’ he said. Mr Negints said: “And not only that, NA was so hungry for power that it introduced amendments to abolish provision of the Constitution (Section 124) to abolish votes of no confidence – which was against the advice of its coalition partners.’’
“NA’s dogged, determination resulted in MPs in various political parties being divided from Cabinet ranks all the way to extreme Opposition benches, orchestrating a ‘divide and rule’ tactic for most of the last five years,” a concerned Mr Leahy said. “We all saw how the deputy prime minister’s seat was so hot it spewed out parliamentary leader after parliamentary leader – from Dr Allan Marat to Andrew Baing to Moses Maladina and was left vacant for a long time before NA incestuously appointed their own man, Don Polye, into the post prior to the elections,” the three presidents said.
“Current indications are that history is set to repeat itself as political parties and independents lend support to structure a Cabinet that will see NA dominate the next Government,” they said. They warned portfolios, including the positions of Speaker, Deputy Prime Minister, Treasury and Finance, National Planning, Forestry, Fisheries, Mining and Petroleum were likely to go to their own NA party members if this trend continued.
“We are inviting the leaders of all these parties who have been given a cold shoulder, namely Peter O’Neill (Peoples National Congress), Peter Ipatas (Peoples Party), Moses Maladina (Rural Development Party), Michael Ogio (Peoples Democratic Movement), Jamie Maxtone-Graham (PNG Country Party), Andrew Kumbakor (Pangu) and Bob Danaya (PNG Labour Party) and others seeing the light to respect their commitment to change the NA-led Government made during their election campaign.
“Respect the wishes of your people, party supporters and accept the invitation to join Sir Julius, Sir Mekere and Mr Philemon in putting together a much better alternative government that will be formed on the basis of consultation, conscience and honesty.
“Just because NA was invited to form Government does not mean they have the power to form the Government. Each of you MP-elects and your political parties collectively, can end this NA arrogance and domination and be part of a better alternative for our people. This alternative will aim to restore the public trust in government again. We are not going in just for the power. We have a vision and a plan to achieve that through tangible, beneficial, developmental initiatives the presidents concluded.

 

http://www.postcourier.com.pg/20070808/bville01.htm

No regrets: Akoitai

UNSEATED Central Bougainville MP Sam Akoitai has described his election loss as “a blessing in disguise”.
The former mining minister said the loss would enable him to head back home to Bougainville and provide much needed leadership among youths and help support the newly-formed Autonomous Bougainville Government (ABG).
When asked what exactly will he be doing when he returns home, the former ex-combatant cum-politician said he would go back to his former role of addressing and pursuing the weapons disposal program.
The program, he said, had come to a complete standstill after the United Nations Observer Mission (UNOMB) left the shores of Bougainville.
Mr Akoitai said it was posing a big problem at a critical stage if not addressed soon. “During my campaigning I came to realise that there were many firearms floating around and the number is now much higher than when the crisis was on.
“There’s a great need for us (Bougainvilleans) to start addressing the weapons containment as it may go out of hand if not controlled now,” Mr Akoitai said in Port Moresby last Friday.
“I think there’s a lack of leadership on Bougainville and my loss is an opportunity for me as a leader to go back home and provide that leadership in whatever way I can.”
Mr Akoitai, who comes from Togarau in the Wakunai area of Central Bougainville, bowed out with the record of being the first mining minister to hold that position for a full term of Parliament.
The Mining Department hosted a farewell dinner in his honour which other stakeholders in the sector also attended.
The United Resources Party leader said he was happy that he was not going out as a loser. “I’ve achieved a lot in my term as mining minister and a representative of my people of Central Bougainville,” Mr Akoitai said.

 

http://www.postcourier.com.pg/20070808/wehome.htm

Kabui seeks Rio Tinto audience

AUTONOMOUS Bougainville Government (ABG) President Joseph Kabui is seeking an audience with Rio Tinto chief executive officer Tom Albanese to discuss the future of the abandoned Panguna mine on the Island.
It is understood that Mr Kabui would like to “achieve a satisfactory outcome to an unsatisfactory situation”.
The Panguna mine is owned by Bougainville Copper Limited (BCL) a subsidiary of Rio Tinto (53.8 per cent). The Government of Papua New Guinea owns 19.06 per cent while public shareholders own the remaining 27.14 per cent.
BCL company secretary Paul Coleman said yesterday that the company was not aware of any correspondence between Mr Kabui and Mr Albanese but did not deny that the ABG president might have written to Mr Albanese.
A copy of the letter was obtained late yesterday afternoon and the introduction in part read, “As President of Bougainville, I am writing this letter to Rio Tinto Plc being the majority owner and controlling shareholder of Bougainville Copper Limited to convene a meeting with the view to resolving the issues surrounding Panguna and to formalise the legal disengagement of Rio Tinto from Panguna and Bougainville”.
“The objective is to achieve a satisfactory outcome to an unsatisfactory situation.
I envisage meetings not of recriminations or laying blame at the feet of Bougainville Copper or Rio Tinto for the events that have taken place here (Panguna).
“The court of history in due course will apportion blame of which I suspect none of the principal entities will be entirely resolved.” He said high on the agenda would be the remediation of and compensation for the environmental damage to Panguna, both the upper and lower tailings and the legal exit of Rio Tinto and BCL from Bougainville.
Mr Kabui, who is a Panguna landowner, said the Bouga-inville crisis was due to the devastation of the environment and human rights violations by the giant miner while operating the Bougainville copper mine.
He said the company should be answerable to some of what happened on the island.
He said that it was clear in the minds of most Bougainvilleans that they did not want Rio Tinto or BCL back on Bougainville and the people did not want any mining company associated with Australia or PNG operating a mine on the island.
Mr Kabui also said the ABG was not a party to the action in the ninth Circuit Court of Appeals in the US and the efforts of ABG were intended for the good of all the people of Bougainville.
“For your information, as a Panguna landowner and President of the Autonomous Region of Bougainville with a broad mandate to govern by the people, my Government in close consultation with landowners, is ultimately responsible for setting the agenda, presiding over all matters concerning mining on Bougainville and will be signatory to any agreements concerning Panguna,” he said.
“I call on your good offices to assist us prepare the way for Bougainville to move forward with the view to building consensus for the resumption of mining related activity on the island hence the request for a meeting with you.”

 

"formalise the legal disengagement"  ??  

Ich denke, dass Kabui, der ja noch nie ein Freund von RT war, RT und BOC loswerden will um Panguna den Chinesen zuschustern zu können (gegen einen entsprechenden Obulus) - und dies jetzt möglichst schnell noch vor der nächsten Wahl in B.
So würde er noch schnell vollendete Tatsachen schaffen, zumal ja sein Widerpart Akoitai nach seiner Wahlniederlage als MP wahrscheinlich sein Gegenkandidat bei der nächsten Wahl in Bougainville sein wird.

Es kann allerdings auch ein dass dies zum Verhandlungspoker gehört.  

Herr Kabui war mit großen Verprechen angetreten und ich kann mir vorstellen, daß seine Gefolgsleute gefragt werden, wie sie die Macht zugunsten der Bevölkerung in den letzten beiden Jahren genutzt haben. Die Gefolgsleute fragen natürlich ihren Vorturner, was sie antworten dürfen. Viel ist da nicht geschehen, obwohl man die reichste Nation der Welt sein könnte.  

Ich denke dass die Chancen auf eine Wiedereröffnung der Panguna Mine mit BOC so ziemlich bei null angekommen sind. BOC wird irgendwann an eine andere Company verkauft, die Frage ist nur zu welchem Preis und an wen.
Die Aktie wird meines erachtens jetzt schon kursschonend in Australien eingekauft.
Bin froh die Original Aktie zu besitzen, ist in jedem Fall sicherer.

 

Vor einigen Monaten hatte Kabui Lawrence Daveona schon heruntergeputzt weil dieser eine Presseerklärung Pro BOC u. gegen Ord u. Invincible veröffentlicht hatte.Auch Ex Miningminister Sam Akoitai (übrigens der erste Miningminister PNGs der seit Unabhängigkeit eine volle Wahlperiode durchgehalten hat)macht sich bei jeder sich bietenden Gelegenheit für BOC stark.Auch in dem heutigen postcurier Statement von Wanjik geht die Rede von Verhandlungen zwischen ABG RT u. BOC

http://www.postcourier.com.pg/20070809/thhome.htm

Wanjik supports Kabui over talks with Rio

FORMER Secretary for Mining James Wanjik has thrown his support behind Autonomous Bougainville Government (ABG) President Joseph Kabui’s call for an audience with Rio Tinto and BCL on the future of the Panguna mine.
“While the National Constitution vests primary functional responsibility over mining matters on Bougainville in the Autonomous Bougainville Government, it is good to see President Kabui embarking on a road to dialogue and consensus on the Panguna mine issue,” he said.
“It is by such dialogue and consensus that differences can be ironed out for the good of all stakeholders.” However, Mr Wanjik cautioned Mr Kabui and the ABG that “ABG could find the going tough if the National Government does not come clean on the issue in light of the Mineral Resources Authority Act 2005 not providing any substantive or transitional arrangement for formal transfer of regulatory and administrative responsibility to the ABG”.
Under the MRA Act 2005, the MRA — through being set up in a rush without following all necessary legal requirements — has regulatory oversight over, among others, the Mining (Bougainville Copper Agreement) Act Chapter 196. This MRA Act 2005, despite its numerous constitutional law and other legal flaws, bound the State hence the National Government, unless it was repealed by Parliament or alternatively read down by the Supreme Court upon a reference, Mr Wanjik said.
He said apart from foreign investment protection Rio Tinto and BCL may enjoy, the MRA Act 2005 was probably the reason why a BCL executive supported MRA to be an “independent” mediator on any review of the Bougainville copper agreement.
Mr Wanjik said MRA was hardly “independent” or “impartial” having been funded by the mining industry without getting parliamentary approval as required under section 209 of the National Constitution.
“Nonetheless, the MRA and BCL position raises an important constitutional law issue namely the constitutional validity of the MRA Act 2005,” he said. “I would urge President Kabui and the ABG to review this aspect as well in order to ensure that they have sound legal basis to enter into appropriate discussions or negotiations with Rio Tinto and BCL and other stakeholders including the Panguna landholders and the National Government.”

 

European BCL-Shareholders Welcome Talks between ABG and Rio Tinto
The European Shareholders of Bougainville Copper (ESBC) welcome the
invitation of ABG-President Joseph Kabui to start talks with the Chief
Executive Officer of Rio Tinto, Mr Tom Albanese, on the future of the
Panguna Mine.
Spokesman Axel G. Sturm outlined on Wednesday in France, that any
step which is leading to a solution for the actual agony in Bougainville
would find the strong support of the European Shareholders of BCL.
“It would be very helpful,” said Mr Sturm, “if all parties involved in mining
in the Panguna area, “could finally ban the shadows of the past and work
together. We believe that it would be the best for the people of
Bougainville and the ABG to find an agreement with BCL to reopen the
mine as soon as possible. The name Bougainville Copper Limited would
become a synonym for successful investment and modern industrial
development o the island of Bougainville in the international financial
world.”
As Rio Tinto is worldwide known as a serious business partner and as
most of the biggest mining companies who could shoulder a giant mining
project as Panguna are Anglo Australian it would be very difficult for the
ABG to find an other partner to trust in, said Mr Sturm. If President
Kabui is interested in an exchange of ideas with the third biggest group of
investors in BCL, the European Shareholders would appreciate to receive
an invitation for talks by the ABG.  

http://www.thenational.com.pg/080907/nation5.htm

Four detained Fijians happy with jail treatment

By AUGUSTINE KINNA
FOUR Fijians serving time in Buka for breaching Papua New Guinea immigration laws were happy with the way they were being treated in prison.
The four ex-Fijian soldiers who left Noah Musingku and freely surrendered themselves to police in Bougainville were serving time in the Buka police cells and also awaiting the National Court sitting for additional charges relating to setting up an illegal army.
Police in Buka had pressed two charges against the Fijians, which included involvement of illegal military army and unlawful military drills used to train young men in the Tonu village.
Buka police station commander Insp Cletus Tsien said the Fijians had been convicted for immigration offences, and were each serving a month jail term in Buka cell.
Insp Tsien said the Fijians were co-operating well with the police.
He said they would be tried again at the National Court sometime this month on the second charge.
Fijian Aliki Moroca, speaking to The National, said they understand their wrongdoing and were willing to face the full consequences of the law.
Mr Moroca said they wanted to serve their time and look forward to other charges being determined by the court.
He said they were healthy and happy with where they were held at the moment.
Mr Moroca said Bougainville was similar in many ways to their home, but look forward to the day they would return to Fiji to reunite with their families.


 

http://www.thenational.com.pg/080807/column5.htm

PM will be known on Monday

AS the lobbying intensifies, it may be premature to conclude who will be our next prime minister.
The leader is only elected on the floor of Parliament so the people will have to wait until that happens.
The new Parliament will sit on Monday.
The National Alliance (NA) won 27 seats in the just-concluded general election, outperforming all the other parties and its own showing in the 2002 where it obtained 19 seats.
In accordance with the Constitution, the NA has been invited by the governor-general to form the new government.
The NA claims that along with its coalition partners and some independents, they have a minimum of 59 MPs giving it the majority it needs to form the government.
The other camp led by Sir Julius Chan of the People’s Progressive Party (PPP) has claimed that the situation is still fluid and is working round the clock to have an alternative government in place.
PNG politics has showed that anything can happen in the eleventh hour.
Thus, the country will be kept in suspense up until that decisive moment when the prime minister is elected.
Even the choice of parliamentary speaker may not necessarily from the same camp.
As it is, however, Grand Chief Sir Michael Somare looks the most likely person to be prime minister.
He has recently stated that he intends to step down within three years and leave politics.
Some will recall that Sir Michael had expressed similar sentiments in the past and will regard this as mere rhetoric.
The main opposition to the NA was initially led by Bart Philemon of the New Generation Party (NGP) and Sir Mekere Morauta of the PNG Party.
But Sir Julius’ unexpected victory in the New Ireland provincial electorate “persuaded” both men to let him lead the alternate government instead.
Some quarters find this hard to accept.
First, the people who wanted an alternative government to the NA never anticipated Sir Julius’ return and they are therefore unprepared for such a situation.
Second, many see the decision to have him head the alternative prime minister as ill-conceived and a desperate move.
Sir Julius’ political career has been controversial.
Despite being effective and disciplined, his decision to float the PNG kina and the controversial Sandline mercenary issue in the Bougainville crisis angered many people.
But in view of his wealth of experience, he may be more acceptable and useful as a senior minister or as an adviser to the prime minister.
Even if Sir Michael is elected prime minister, as many expect will be the case, the leadership of the NA will be scourge to deal with in this term of Parliament.
Will there be an attempt to oust him?
Philemon tried – within the NA and outside – and failed.
This shows that there is a formidable group working within the caucus of NA making the Grand Chief increasingly invincible to other political rivals.
Recently, there have been many calls by local leaders in the Highlands for the next prime minister to come from the region.
Will Sir Michael relinquish the top post to Don Polye within two years?
Unlike many political leaders, Sir Michael has charisma and is able to unite MPs.
He is a vote-catcher.
Even his political enemies revere him.
He was once quoted as saying that if he throws a bait, fish on the coastal areas would be hesitant before getting hooked.
However, in the Highlands, the fish would call for more bait.
The metaphor implies that the Grand Chief is the centre for political attraction.
Indeed, Peter Ipatas, a great opponent of NA during the campaign period was seen embracing Sir Michael in the bid to form government.
Surely, Sir Michael has caught a big Highlands fish without even having to throw a bait.
If the alternative camp is unable to form the new government, it will have to wait for another chance when the 18-month grace period expires.
By then, we will also see if Sir Michael will indeed relinquish the prime ministership to any of his four deputies.
The Highlands deputy should get the nod because he has more NA MPs than his other counterparts, if number is the criterion used to appoint successors.
With Sinai Brown gone, the island region has to elect its deputy leader, and there are more capable leaders from that region.
While in the past Sir Michael was able to attract many MPs, we also saw that many left to form their own political parties that eventually unseated him.
One of them was Paias Wingti’s PDM.
Sir Michael will find himself in a dilemma.
He has to keep all his troops happy in the first 18 months of his reign and ensure a smooth handover of the NA leadership to one of his deputies. The latter may split the party.
If he stays on, the same could also happen which could lead to a dissolution of his government.
Apart from that, his performance in the next 18 months will also decide if a vote of no-confidence will be moved against the government.

 

http://www.postcourier.com.pg/20070810/frhome.htm

Powers needed  (wie wahr, wie wahr !)

THE Autonomous Bougainville Government (ABG) just wants the drawdown of mining powers and should not be bothered about the Mineral Resources Authority Act, says ABG Mining Minister Mathias Salas.
He said that the peace agreement was a result of the amendment of the PNG National Constitution and the powers sought are enshrined in the Constitution.
Mr Salas said the MRA Act could not dictate PNG’s Constitution.
“The MRA Act does not affect Bougainville,” Mr Salas said.
“Whoever drafted the MRA Act did not read the National Constitution and the Bougainville Peace Agreement.”
He said under the peace agreement, all mineral wealth has owned by the people of Bougainville.
Mr Salas also said that the ABG was not a party to the Bougainville Copper Agreement (BCA) and as such the ABG would not want to have anything to do with the BCA.
“As it has been stated many times, the ABG wants to talk mining on Bougainville on a clean sheet,” Mr Salas said.
“We (ABG) are not a party to the Bougainville Copper Agreement and if BCL wants to talk about mining on Bougainville, it will have to be on a ‘clean sheet’.”
He said the ABG was working within the Bougainville Peace Agreement and certain powers including mining should have already been transferred to the ABG. Mr Salas was responding to comments by former Mining Department Secretary James Wanjik who said that the MRA Act would not provide a substantive or transitional arrangement for formal transfer of regulatory and administrative responsibilities to the ABG.
Mr Wanjik said certain sections in the MRA Act would force the Government not to hurry with thedraw down of mining powers to the ABG.
Mr Salas said in the view of the ABG, the MRA Act was drafted in the interest of the (mining) industry and was done without consideration for Bougainville and that was why Bougainville should not be bothered by the Act. He said mining was important to the economic development of Bougainville and the transfer of mining powers to the ABG was important.
“The deaths of more than 20,000 lives it a remote controlled video game and should we just forget about them in the interest of certain individuals with self-vested interest who drafted the MRA Act in secret?” he asked  

The result for the six months ended 30 June 2007 was a profit of K1.6
million compared to a profit of K1.0 million for the corresponding period
last year. The result is due to higher dividend income in the current year
compared to the prior year and foreign exchange gains in the current year.  

Bougainville Copper Limited (BCL) has been having ongoing dialogue with
the National and Autonomous Bougainville Governments in friendly and
cordial manner with aim of commencing a formal renegotiation of the
Bougainville Copper Agreement.  

BCL understands that a number of candidates campaigned on the restart
of the Panguna operations during the recent elections.  

Work is continuing on obtaining agreement with landowners on access to
the mine site. BCL has offered to undertake a safety and environmental
survey of the mine site area as soon as access is available.

BCL believes that dialogue, aimed at a re-start of mining, is worth
pursuing. The company believes reopening the mine will help the people of
Bougainville achieve a prosperous future.  

2007 DIVIDEND  

The Directors have not declared a dividend in respect of the six months
ended 30 June 2007.

BORROWING

No borrowings were outstanding at year-end.


STOCK EXCHANGE

The standard proforma Appendix 4D was lodged with the Australian Stock
Exchange in accordance with official listing requirements.


By order of the Board.
 

Habe mich diese Woche von einer Position meiner BOC Aktien getrennt (solange ich noch im plus bin) da ich denke dass das ganze doch mit sehr hohem Risiko verbunden ist und nach den jüngsten Aussagen halte ich das Chancen/Risiko verhältnis nicht mehr ausgewogen. Ich glaube nicht mehr das BOC ein Vervielfacher sein wird.  

Glückwunsch @Hoth.

 

Weiterer Anstieg der Net Assets!

 

Gegenüber 378,2 Mio. Kina vom Jahresende auf nun 403,2 Mio. Kina.

Mal mit nem spitzen Bleistift gerechnet, macht das pro Aktie nun schon 0,255 Euro.

Ein Anstieg der Net Assets gegenüber letztem Halbjahr von sage und schreibe 15,18% und gegenüber Ende letztem Jahres von immer noch 6,61%.

Und das alles ohne operatives Geschäft...!

 

Währungsrechner http://www.infos-finanzen.de/service/finanz-rechner/waehrung…

ist hier zu finden.

Papua-Neuguinea-Kina (PGK) in Euro (EUR).