Trading Bougainville Copper (ADRs) 867948

Beendet Mining Moratorium auf bougainville?mining power wurde übertragen?bocs atamo lease wird angebaggert.die nehmen sich aber ganz schön was vor ...die Schlingels ;-)

Morgen werd ich boc in morumbi tauschen ...da klappt's bestimmt mit dem BigBiBang

................polls suggestion

http://www.thenational.com.pg/?q=node/31527

Source:
The National, Tuesday 17th April 2012

PRIME Minister Peter O’Neill has rejected as “unwarranted and premature” a suggestion for an Australian-led regional force be involved in ensuring a free and safe election in Papua New Guinea.
O’Neill said it would undermine the work of the electoral commission and police.
Melbourne University professor  Scott Flower told a recent conference at Deakin University in Geelong, Victoria, that he doubted security resources inside PNG could prevent violence, intimidation and ballot hijacking for the election in June.
“Australia should urgently consider organising a regional security force . . . for the duration of the election,” he suggested.
An Australian High Commission spokesperson said yesterday the idea did not reflect government policy.
O’Neill said the electoral commission had the constitutional responsibility to take charge, run and deliver a successful general election this year.
“As a responsible government, we have supported and will continue to provide the support necessary for the electoral commission to deliver a successful election.
“Recently the commission asked for additional financial support and our government has committed K60 million.
“With the kind of resources made available to the commission, I’m confident the election will be generally peaceful.
“No doubt there will be security challenges as we have seen in the last two general elections.
“But I’m confident the police have outlined an operational plan that will deal with these issues.”
He said Police Commissioner Tom Kulunga had the  authority to call on the military should the need arise.
“I’m confident in the ability of our security forces to ensure our elections are held in a peaceful manner so every voter is allowed to exercise his or her democratic right without fear or harassment,’’ he said. “The government will provide the resources necessary to ensure our security forces do their jobs well.”

Mining giant Rio Tinto increased its attributable iron-ore production by 9% in the first quarter, but its copper output declined by 18% compared with the first quarter of last year.

CEO Tom Albanese on Tuesday described the three months ended March as a “sold quarter”, in which it also reported higher coal, bauxite, alumina and titanium dioxide production.

“This was driven by a combination of our consistently high operating performance and reduced impact from severe weather than in 2011,” he said.

Rio increased iron-ore production to 59-million tons, of which 46-million tons were attributable. Production was five-million tons above shipments, as ports in Western Australia were closed during the cyclonic activity.

During the quarter under review, iron-ore production and shipping capacity in the Pilbara increased to 230-million tons a year, following the completion of the second debottlenecking project at the Dampier port.

Rio Tinto expects to produce about 250-million tons (on a 100% basis) from its global iron-ore operations in Australia and Canada this year.

The company also said that its expansion plans remained on track, with the its Pilbara operations expected to produce some 283-million tons of iron-ore a year, by the end of 2013.

Liberum Capital described Rio Tinto’s first-quarter iron-ore output as solid, but said copper was a “standout negative”.

During the quarter under review, mined copper production decreased by some 18% owing to anticipated lower grades at the Kennecott Utah copper facility.

Mined copper production declined to 119 500 tons in the quarter, compared with 146 300 tons in the same three-month period in 2011.

Rio said that focus at the Kennecott Utah project has been on mining from the higher-grade molybdenum dome at the bottom of the pit, partly mitigating the effect on molybdenum production.

Lower ore grades are expected to persist through the first half of the year. A 26-day maintenance shutdown at the smelter would occur in the second quarter of 2012 positioning it to take advantage of increasing grades in the second half of the year.

At the Escondida operation, in Chile, milled copper production was consistent with the first quarter of 2011, while mined copper increased by 12% to 68 900 t. Rio said that the 12% increase was owing to an increase in ore delivered to the leaching stockpiles.

Hard coking coal production for the first quarter of the year was 5% higher than the previous corresponding period, to reach 1.7-million tons, while semi-soft coking coal production declined by 12%, to 606 000 t, and thermal coal production increased by 3%, to 4.1-million tons.

Rio noted that wet weather conditions significantly affected production across its Queensland and New South Wales coal operations, with further impacts expected from delays in overburden removal.

First production from Benga mine, in Mozambique, was processed through the wash plant in February with final commissioning nearing completion. The product was expected to be railed to port at the end of April, with the first shipment of hard coking coal from the Beira port expected around the middle of the second quarter.

Meanwihle, the miner also noted that bauxite and alumina production was 10% and 13% higher than the first quarter in 2011, while aluminium production was 9% lower primarily reflecting the orderly shut-down of two-thirds of capacity at the Alma operation, owing to labour disruption and the closure of the Lynemouth operation.

In 2012, Rio Tinto Alcan’s share of bauxite, alumina and aluminium production is expected to be 30.5-million tons, 6.9-million tons and 2.2-million tons, respectively. These numbers excluded the 13 assets that have been identified for divestment or closure.  

....sein das Rio Tinto hier etwas verschläft ??  zu bequem/unfähig/nicht Willens ist zu kämpfen oder gar kein Interesse daran hat? Was ist da eigentlich los?  In dieser aktuellen Nachrichtenlage (Stichwort: MOC..  News vom 03.04./16.04, und Beitrag #11428) könnte man fast diesen Eindruck bekommen.  ;D((((  

Peter Taylor hat klargemacht dass BCL/RIO die Wiedereréffnung der Pangunamine nicht pushen wollen, sondern erst auf die gemeinsame Einladung von ABG u. Lo`s hin agieren werden.

Somit kann man das pushen zur Aufhebung des Mining-Moratoriums u. zum Transfert der Miningpower getrost Morumbi überlassen.Mal sehen wie die von den "Aussi-Beratern" dominierte B`viller MRA auf die Anträge reagieren wird.  

...ein Witz :eine Klitsche mit geschätzten 10 Mitarbeitern ( 1ner wohl ein ehemaliger BOC`ler aus der oberen Etage) ,Market Cap 18,5 M Canada Dollar, seit 5 Jahren im Geschäft als Öl & Gas explorer in CA Mt. Mc Kinley -ist meines Wissen`s ein großartiges Naturschutzgebiet demzufolge wird es Probleme mit Öl fördern geben wenn überhaupt- und PNG, benennt sich dieses Jahr um  und  findet tatsächlich Gehör in Bougainville`s Mining `Ministerium` (ABG) ? wird nach eigenen Angaben mit offenen Armen von den betreffenden Lo`s empfangen schließt weitreichende Verträge, verspricht Hilfe für die Infrastruktur (faire Royaliti`s,Gebühren im neuen Trend und nicht im Kolonialstil,Geld,Lehrkräfte usw.) - geht das überhaupt? was soll das denn ?  
Was können  die denn ausser vielleicht Löcher bohren ?  (Kopf schüttel).
Das kann  wenn es ernst gemeint ist doch nur funktionieren als Strohmannfunktion für finanziell potente Firmen/Investoren. Hoffentlich hat Rio T. da einen schlagkräftigen Plan A und zur Sicherheit  noch einen Plan B,C..... ;D)))  

wieviele Mitarbeiter hat BOC eigentlich aktuell?  

http://www.bougainville-copper.eu/in-bcl-2.html

Paul und Peter = 2  

......... (z.B.die Vorbereitungen zur BCA Review) wurde auf den RioTinto Staff zurückgegriffen.Das Aufstocken von Personal ist garantiert kein Problem wenn es erstmal soweit ist.

Auch stehen etliche Ex-BCL Mitarbeiter unter den Lo`s "Gewehr bei Fuss" u. warten nur noch auf das "Go"

dass wir nicht über eine Klitsche mit 10 MA lästern sollten,
solange unsere BOC deren nur 2 in Lohn und Brot hat ;-)))))  

Ist doch klar, daß für die Verwaltung und um Präsenz zu zeigen nur max. zwei Expatriates vor Ort in den letzten 20 Jahren erforderlich waren. Ich selbst war 12 Jahre in Ländern wie Iran,Indonesien der Einzige, der für meine Firma die Fahne hoch gehalten hat. Wenn es dann wirtschaftlich aufwärts ging und Absatz generiert wurde, hatte ich keinen freien Abend mehr, wegen den Gästebewirtungen.  

....der Mitarbeiter zu definieren hieße in meinen Augen Äpfel mit Birnen zu vergleichen.Von mir aus auch noch Äpfel mit faulen Birnen oder umgedreht ;D)))

Auf der einen Seite eine Fa. die ein Vermögen und ein riesiges wertvolles Erbe usw. usw. durch eine geschrumpfte Besatzung  ``verwalten`` lässt auf der anderen Seite eine aktive Fa. die angeblich Umsatz mit Tätigkeiten  (ja welche eigentlich ?) macht um Gewinn zu erwirtschaften. Also wenn ich das richtig verstanden habe  explorerisch mit Fachleuten, vom Maschinisten bis zum Geologen................. und einer Administration. Also an dieser Stelle  bin ich doch etwas verwundert ob der Zuversicht der beteiligten Akteure die vor ihnen  liegenden Aufgaben zu stemmen.    ;D )))))  

.............. Fiji’s mineral wealth and the lessons of history

http://ramumine.wordpress.com/2012/04/18/...d-the-lessons-of-history/

By Hugh Govan

THE recent push for mining by Pacific Island governments has some of the hallmarks of the gold rushes of old where all and sundry rushed off to the cry of “There’s gold in them thar hills!”. And just as in the past it turns out not to be all plain sailing.

In February, the [Fiji] government decided to slow down the pace of the Environmental Impact Assessment consultations for the Namosi Joint Venture’s proposed open-cast mine to allow more thorough consideration of the land- owners’ concerns. The well known environmental disasters, and even civil wars, that such massive mines have caused around the world and in neighbours such as Papua New Guinea certainly show the importance of getting it right from the beginning.

An Environmental Impact Assessment can help ensure that environmental and social impacts are taken into account when weigh- ing these costs against the benefits that such a huge mine is expected to produce for Fiji. But what will be the actual benefits for Fiji from this and other proposed mining ventures?

Economists have highlighted that in fact developing countries exploiting their apparent blessing in mineral wealth usually have lower economic growth than other countries and, in many cases, worse poverty and public services and increased inequality.

The situation in which countries apparently rich in natural resources seem to end up far worse off is known as the “natural resource curse”. This affliction is of concern to development agencies and governments alike, as highlighted by the conference held last year in Mongolia by the United Nations attended by delegations from Fiji and other Pacific Island countries, on “Avoiding the resource curse” [i].

One of the causes of the “resource curse” is harmful contracts that national governments may enter into with the mining companies. Such billion-dollar companies have huge expertise at their disposal and are usually in a stronger bargaining position than the national governments. The international development NGO Oxfam has documented many cases in which countries received only minute fractions of the total mine profits [ii] as in the Konkola Copper Mines in Zambia which generated a total income of Us$1 billion in 2006-7 of which the government received less than 1 per cent.

Fiji experienced a similar situation with Emperor Gold Mines generating comparatively little actual revenue for the country partly because of the prejudicial agreements signed in the 1980s [iii].

Weak national capacity not only affects the negotiation of contracts but also things such as effectively taxing the mining companies or detecting adverse environmental impacts and ensuring that the benefits of mining are fairly distributed and contribute to the alleviation of poverty. Angola maintained one of the highest rates of economic growth in the world thanks to the Us$10 billion generated yearly from oil but by 2009 still more than half the population lived below the poverty line.

The failure to benefit from natural resource wealth is not just about lack of capacity; political will comes into it as well, and not just in developing countries as the case of Australia clearly shows.

David Richardson of the Australian Institute showed that despite the popular view that the mining boom in Australia generated benefits for the government and ordinary citizens, this was not in fact the case. Most benefits actually went to mining companies, their shareholders and some of the mining work force while ordinary Australians did not see increases in income or social services in real terms and were adversely affected by increased borrowing costs.

A reason that even “developed” countries struggle to benefit is the power of the mining sector and the vested interests involved. But another factor comes into play as well – sudden increases in exports of natural resources strengthen the exchange rate and attract workers to the mining sector but by the same token undermine the existing manufacturing, agrculture and tourism sectors. The Netherlands was one of the first countries to identify this problem after the discovery of natural gas in the North sea in the 1970s and since then resource-rich countries which experience a decline in their previously strong domestic sectors are said to have caught the “Dutch Disease”.

Negotiating deals with the big mining interests let alone getting satisfactory deals for the country would seem to be a mammoth task. But while the minerals remain in the ground they are safer than money in the bank (some at least) and the Pacific virtues of patience and dialogue could serve well in seeking the best outcome.

Maybe the aim should be set high; Fiji in its current reform mindset could establish an approach to this relatively new industry that serves as a regional model if the lessons from elsewhere are heeded.

Possibly the most important lesson is the need for transparency and accountability. Much is to be lost through keeping negotiations secret, an approach usually promoted by those who stand most to gain.

Transparent processes and discussions would spell out exactly how Fiji benefits from these massive projects. International experts in mining contracts and taxation are available, for instance through the World Bank and Asian Development Bank, who could help Fiji establish fair terms into the future.

And other neighbours have set useful precedents such as Indonesia, which required all foreign mining companies to localise majority stakes in their operations by the tenth year of production, or Australia which has recently approved a 30 per cent tax on the large mining companies.

The strengthened legislation and agreements that such transparent processes produce have been shown time and again to require strengthened institutions to implement effectively.

Tax revenues generated will need specialised skills at the revenue and customs authorities, mechanisms to ensure that funds are distributed appropriately to key areas such as poverty alleviation, health and education and safeguards to ensure the negative impacts of mining are avoided as much as possible.

Experience in PNG for instance shows that it is vital to ensure that the promotion and regulation of mining and policing of the environmental impacts are carried out by separate agencies. Fiji’s Department of Environment will need considerably more capacity, and indeed teeth, to be able to rep- resent the national interest in this regard.

The time may well be right for a broad-based discussion to develop an approach in Fiji which builds on the country’s natural heritage and cultural blessings to the benefit of all, but it is to be hoped that the lessons of the natural resource curse can be heeded and above all that time is allowed for such momentous considerations.

i. International conference on “Avoiding the resource curse: Managing extractive Industries for Human Development” organised by: UNDP regional bureau of Asia and the Pacific and Government of Mongolia. Attended by PS lands and others
ii. Oxfam, 2009. Lifting the resource curse. Oxfam briefing paper 134.
iii. Atu bain, Roman Grynberg

..........shortages

http://www.bnamericas.com/news/metals/...pply-shortages-cru/298329624

The copper market deficit will hit 500,000t this year mainly as a result of supply shortages rather than demand, according to CRU's group manager, copper, Vanessa Davidson.

Global refined copper consumption is expected to grow 2.6% this year, with 95% of this coming from China. Chinese copper consumption is forecast to rise 6% this year.

"Even if [Chinese consumption] only grows 5%, which would be 100,000t of refined copper, you will still see a sizeable deficit," Davidson said at the 11th World Copper Conference organized by CRU in Santiago, Chile on Tuesday.

The copper market deficit is expected to fall to 150,000t in 2013.

The short-term outlook for copper prices is very volatile as uncertainty in the global economy still exists and China's latest GDP growth figures were disappointing. At the same time, stocks are high in China but low elsewhere.

However, CRU is not concerned and expects Chinese consumption to pick up in H2 and stocks to come down, Davidson said.

DWINDLING SUPPLY

Last year there was very limited growth in production and CRU is predicting a small volume of new supply - some 380,000t - could be made available this year, 60% of which will be from greenfield projects.

However, much of this increase will be offset by underperformance elsewhere, Davidson said.

Existing mine output is in decline. Of the 260 companies covered by CRU, around 100 will have closed by 2022, Davidson said.

Coupled with declining ore grades, new supply is needed urgently. Demand is expected to grow 3%/y up to 2022 while existing mine output is seen dropping 2.1%/y.

OVERSUPPLY

The impact of new projects will start to be felt from 2014, according to Davidson. "The market will then start moving into heavy oversupply," she said, adding: "But there are project risks."

These risks include equipment shortages, delays to environmental and mining permits, community opposition, power and water availability, resource nationalization, skilled labor shortages and financing.

Oversupply will start from 2015, with 2016-22 in heavy oversupply, according to Davidson.

When preparing the forecast, CRU took a conservative view of production coming to market as it is risky to look at planned projects and automatically expect the supply to come online, Davidson said.

DEPRESSED MARGINS

Meanwhile, operating costs have been rising sharply in the industry but they have so far remained well below London Metal Exchange prices. However, "the upward pressure [on operating costs] is unlikely to abate," Davidson said.

These rising costs together with oversupply - which will eventually result in downward pressure on prices - will depress companies' margins.

In the longer term, the supply gap is likely to open up again after 2022, according to Davidson.

http://pngexposed.wordpress.com/2012/04/18/...sing-woodlawn-millions/

... die betrügerischen BCL Trittbrettfahrer zu entlarven!

Näheres auf www.bougainville-copper.eu !

..ein sehr interessanter Beitrag, der bei jedem ernsthaften Aktionär dieser Aktie  im eigenen Interesse  nur Zustimmung ernten kann, um  entsprechend zu handeln.  

... zur HV 2012 stehen jetzt online auf www.bougainville-copper.eu !

...und weitere Interessenten!

Das Orderbuch von heute!

Market Depth for BOUGAINVILLE COPPER
as at 11:12:30 AM Friday, April 20, 2012

BOUGAINVILLE COPPER Trade Summary - Status  
Indicative Open Price 0.780 Volume Surplus 0
Last Change % Volume Trades Open High Low
0.810 0.000  0.00 0 0 0.000 0.000 0.000
Last Traded 0 @ 0 - No trades today

BOUGAINVILLE COPPER Market Depth
BOC Buyers
Level Buy Quantity Price
1  1 6,630 0.755
2  1 12,000 0.720
3  2 16,000 0.705
4  2 73,871 0.700
5  1 2,000 0.670
6  3 51,800 0.650
7  1 10,000 0.640
8  1 200 0.600

BOC Sellers
Price Quantity Sell Level
0.800 3,500 1 1
0.830 5,000 1 2
0.850 67,500 3 3
0.880 5,000 1 4
0.900 53,468 2 5
0.940 6,000 1 6
0.945 4,000 1 7
0.950 223,871 2 8
0.960 4,450 1 9
0.990 6,291 2 10
0.995 10,000 1 11
1.085 10,000 1 12
1.160 10,000 1 13
1.200 10,000 1 14
1.250 10,000 1 15
1.310 10,000 1 16
12.990 230,000 1 17
14.910 35,000 1 18
14.990 150,000 1 19
16.960 30,000 1 20
18.780 50,000 1 21
19.230 40,000 1 22
19.810 25,000 1 23
29.900 5,300 1 24
30.000 30,000 1 25

http://www.postcourier.com.pg/20120419/thhome.htm

Trawen ready to go, DPM still for defferral

By GORETHY KENNETH

PARLIAMENT and the Electoral Commission are still at loggerheads over the timing of elections.
Deputy Prime Minister Belden Namah and part of his Cabinet Ministers, including all Highlands MPs still want the elections to be differed for six months or three months – the least because of “a failed Electoral Roll” they predict will cause chaos in the Highlands Region. They also said yesterday that the motion to defer election in Parliament has not been repealed and still stands. But Electoral Commissioner Andrew Trawen yesterday was adamant and will not back down from his May 18, 2012 election date.
He said he has made his stand and he will advise the Governor-General Sir Michael Ogio to issue the Writs on May 18, 2012. Trawen said he is 93 per cent complete and ready with his Electoral Roll and adamant elections will be held in June and a new Government declared then.
His counterparts, the Police Commissioner Tom Kulunga and PNGDF Commander Francis Agwi maintained they were ready with their security plans, pledging their support for Mr Trawen.
“In summary, for the nation as a whole, data for a total of 5745 wards has been received and processed out of the 6164 wards in PNG.
The Commission is continuing to work 24 hours a day to complete these data entry and printing tasks for the remaining 419 wards,” Mr Trawen proudly read out.
“In percentage terms, this represents 93 per cent of all Preliminary Rolls for their entire country completed – just seven percent of the Wards remain and the Electoral Commission wishes to again assure the public that the Roll Improvement Program will be completed in time for the General election in June.”
But Mr Namah who led his entourage, barked and continuously asked Mr Trawen to declare that he was not ready with the Elections, especially given that the failure in the completion of the Electoral Roll in the Highlands not in order.
Mr Trawen gave a run down and update on where the Electoral Roll was (see story above) and MPs, Ministers and Foreign Dignitaries were also privileged to listen to the PNGEC legal advisor defend his head Trawen – and why the elections should not be differed and the Constitutionality surrounding it.
Mr Namah spoke specifically about the motion passed by Parliament asking for a clearer explanation of Section 105 -1 (c) and Section 105 (2) of the Constitution, which talks about the elections.
“On the absence of the Constitution and in relation to the deferral of elections, (especially with the motion still intact), what is the power of the motion?” Mr Namah continuously questioned Trawen. PNGEC legal team still maintained that the Electoral Commissioner still had the precedence over Parliament especially in calling the elections and changing of the dates.
But most of the MPs and Ministers that attended the briefing yesterday claimed the PNGEC Electoral Roll was not at all ready and that Parliament’s motion to defer the election for six months should be upheld.
Prime Minister Peter O’Neill was noticeably not in Parliament and at the briefing yesterday. Questions were also raised why he was not at the briefing but advise sought claimed he had other commitments to attend to.

http://www.postcourier.com.pg/20120419/thhome.htm

By Harlyne Joku

Parliament yesterday passed a Supreme Court (Amendment) Bill 2012 which will revoke or nullify the Supreme Court originating summons in its decision in December that ruled that the Somare Government is legitimate.
The bill was passed by voices on simple majority by a few MPs in parliament.
Most veteran politicians including the Prime Minister Peter O’Neil and Sir Julius Chan were not present in the chamber. Deputy Prime Minister Belden Namah, understood to be contemplating to oust the current Prime Minister Peter O’Neill, introduced the bill and took it through its second reading.
The passage of the bill has been condemned by the PNG Trade Union Congress Secretary John Paska who has described the bill as a clear breach and contempt of the constitution.
“The MP’s who have passed this bill are so arrogant and show total contempt to the constitution and people of PNG.
PNGTUC condemns this outright and is at lost for words.
The MP’s actions reflect them to be a bunch of gangsters, cowboys and juveniles,” Mr Paska said.
“They have no respect for the people of this country, nor the constitution.
It basically shows that their intention is to remain in power for as long as they want.
This is devilish. The people of PNG need to know when this nonsense and stupidity will end. It is another attempt to subvert the course of justice  

Had an interesting article sent to me from PNG  that is featured in the Post Courier page 25 that confirms that meetings did take place with several land owner groups including the outspoken Panguna group that showed the visitors the mine and the pit at Panguna

Wer hat Page 25 ?
Vielen dank

Wahrscheinlich wieder so ein Wichtigtuer was gepostet:-(

 

Die Bewertung der Reserven hat sehr großes Potenzial

Hier  sehen Sie die Entwicklung des Goldpreises (Linie) im Vergleich zu der  Bewertung der Goldreserven pro Feinunze der Unternehmen (Säulen) des  bekannten Amex Gold Bugs Index. Während der Kurs der Feinunze Gold  zwischen 2005 und 2011 um 160 Prozent stieg, zog die Reservenbewertung  nur um viel geringere 47 Prozent an.

 

...Ganoven bloßgestellt!

Momentan alles über...

- Invincible Resources / Lindsay Semple
- ORD River
- Morumbi

Weitere folgen!

Hier: http://www.bougainville-copper.eu/backdoor-players.html

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