Earnings/Dividends per share US$2.68 - 500 Beiträge pro Seite
eröffnet am 19.05.12 16:03:58 von
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Beiträge: 25
ID: 1.174.352
ID: 1.174.352
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Gesamt: 5.397
Gesamt: 5.397
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ISIN: PG0008526520 · WKN: 852652 · Symbol: BOU1
0,4180
EUR
-2,79 %
-0,0120 EUR
Letzter Kurs 26.04.24 Stuttgart
Werte aus der Branche Rohstoffe
Wertpapier | Kurs | Perf. % |
---|---|---|
2,6900 | +23,96 | |
5,1500 | +21,75 | |
15,890 | +21,67 | |
0,8900 | +17,11 | |
0,9000 | +16,13 |
Wertpapier | Kurs | Perf. % |
---|---|---|
4,5200 | -6,61 | |
1,1200 | -6,67 | |
10,040 | -7,89 | |
0,5700 | -8,06 | |
46,98 | -98,00 |
Beim aktuellen Aktienkurs von 0,56 € eine Dividende von 400% p.a.
Gigantische Aussichten,eine solche Vorhersage von einem Dummpush-Börsenbrief müsste man sofort in die Tonne treten.
Hierbei handelt es sich jedoch um die von den Landeignern der Pangunamine auf ihrer HP veröffentlichten upgedateten Zahlen welche auf den realen Produktionsergebnissen vor der Schliessung der Mine beruhen.Mittlerweile treten die Landeigner wehement für die Wiedereröffnung der Pangunamine ein. Nach den PNG Präsidentschaftswahlen im Juni soll das BCA (Bougainville Copper Agreement) neu verhandelt werden und den Landeignern ein Stück vom Kuchen garantieren (3% der Gewinne)
Hier ihre auf ihrer HP veröffentlichten Berechnungen.
Daily Newsletter: Panguna Landowners New Deal
May 18, 2012
MAJOR TENETS OF NEW DEAL
National Government to transfer its 76,430,809 shares in BCL to LABG [Landowners and ABG]
Proposed BCL shareholding split-40% Panguna Landowners (30,572,324 shares) & 60% ABG (45,858,485 shares). The 40% UPLA shares or 30,572,324 shares to be split based on the total number of Block of adult land holders of each lease area. The 6 groups are SML-50%, 15,286,162 shares; Lower Tailings-25%, 7,643,081 shares; Upper Tailings-10%, 3,057,233 shares; Road-5%, 1,528,616 shares; Port-5%, 1,528,616 shares; Arawa Town-5%, 1,528,616 shares.
Landowners to receive royalties computed as 5% of sales. Royalties to be paid direct to landowners, each holding a unique ID.
Tax of 30% paid by BCL to be shared equally (50%) by National Govt and ABG.
20% of BCL's operating costs to be spent on goods and services including employment of Bougainvilleans including landowners.
K1 Billion to be committed by BCL, National Government, Australian Government etc. from date of signing of New BCA. About half of this to be spent on capacity building and skills development of Bougainvilleans so they are able to provide goods and services as per 5 above. The rest to be spent on relief and rehabilitation for landowners.
* Key PV$1000 Present Value of $1000 invested in the past
For example, $1000 invested in copper a year ago is now worth $863, representing a fall of 13.7% in the past year. Likewise, $1000 invested in BCL shares (ASX Code:BOC) a year ago is now worth $442, a loss of 55.8%. A third adverse factor is the rise in the PNG Kina. The present value of US$1000 invested in the Kina a year ago is now worth US$1,244, a rise in the Kina of 24.4%. If copper prices fall, the available benefits will be lower. Economic Value Added (EVA) is heavily dependent on prices of copper, gold and silver. Also, the rise in the PNG Kina of 24% in the past year has further reduced the benefits available to Landowners/ABG.
ESTIMATED ANNUAL REVENUES OF BCL AT TODAY'S PRICES
Description
Unit
Price per unit
Production (Million)
Revenue (US$ Million)
Revenue (K Million)
Copper
Pounds
3.44
510
1,757
3,660
Gold
Troy ounce
1,590.8
0.63
1,004
2,093
Silver
Troy ounce
28.62
2.11
61
126
Total
2,822
5,879
ESTIMATED ANNUAL OPERATING COSTS
Description
USD Million
PGK Million
Goods and services from Bougainville
187
385
Goods and services from outside
746
1,541
Royalties
141
291
Total
1,074
2,217
ESTIMATED ANNUAL PROFITS AND TAX AT TODAY'S PRICES
Description
USD Million
PGK Million
Revenue
2,822
5,824
Less: Operating cost from Goods and Services from Outside
746
1,540
Economic Value Added
2,076
4,285
Less: Operating cost from goods and services from Bougainvilleans
187
386
Less: Royalties
141
291
Earnings Before Interest and Tax
1,748
3,608
Interest
211
436
Profit Before Tax
1,537
3,172
Tax
461
952
Profit After Tax
1,076
2,221
Earnings/Dividends per share
US$2.68
PNGK5.54
BCL SHARE REGISTER AND ESTIMATED ANNUAL DIVIDENDS AT TODAY'S PRICES
Description
Number of Shares
Share in %
Annual Earnings/Dividends (US$ Million)
RIO
215,874,098
53.8
579
PNG Govt
76,430,809
19.06
205
Minority shareholders
108,757,593
27.14
292
Total
401,062,500
100
1,076
THREE SHAREHOLDER GROUPS AND ANNUAL DIVIDEND AT FULL CAPACITY
ANNUAL CASHFLOW COMPARISON: OLD BCA AND "NEW DEAL" BCA
Old BCA
New BCA
As per the old BCA, Landowners received an average of K340,000 per annum in the period 1972 to 1989. As per the New Deal Landowners will receive a whopping K621 Million per annum, an increase of 1826 times. The ABG will receive benefits of K970 million per annum compared with K6.37 million per annum between 1972-89, a rise of 152 times on a higher base.
Old BCA (In Million)
New BCA (In Million)
Description
PGK
USD
PGK
USD
Landowners
0.34
0.31
621
298
ABG
6.37
5.79
970
466
National Govt.
64.0
58.18
480
231
RIO
30.24
27.49
1206
579
Minority Shareholders
15.26
13.87
608
292
Total
116.21
105.65
3886
1865
ESTIMATED ANNUAL ECONOMIC VALUE ADDED AT TODAY'S PRICES
Within Bougainville
Description
US$ Million
PGK Million
Goods and services from Bougainville
187
385
Royalties
141
291
Dividends
205
423
Tax
231
476
Gigantische Aussichten,eine solche Vorhersage von einem Dummpush-Börsenbrief müsste man sofort in die Tonne treten.
Hierbei handelt es sich jedoch um die von den Landeignern der Pangunamine auf ihrer HP veröffentlichten upgedateten Zahlen welche auf den realen Produktionsergebnissen vor der Schliessung der Mine beruhen.Mittlerweile treten die Landeigner wehement für die Wiedereröffnung der Pangunamine ein. Nach den PNG Präsidentschaftswahlen im Juni soll das BCA (Bougainville Copper Agreement) neu verhandelt werden und den Landeignern ein Stück vom Kuchen garantieren (3% der Gewinne)
Hier ihre auf ihrer HP veröffentlichten Berechnungen.
Daily Newsletter: Panguna Landowners New Deal
May 18, 2012
MAJOR TENETS OF NEW DEAL
National Government to transfer its 76,430,809 shares in BCL to LABG [Landowners and ABG]
Proposed BCL shareholding split-40% Panguna Landowners (30,572,324 shares) & 60% ABG (45,858,485 shares). The 40% UPLA shares or 30,572,324 shares to be split based on the total number of Block of adult land holders of each lease area. The 6 groups are SML-50%, 15,286,162 shares; Lower Tailings-25%, 7,643,081 shares; Upper Tailings-10%, 3,057,233 shares; Road-5%, 1,528,616 shares; Port-5%, 1,528,616 shares; Arawa Town-5%, 1,528,616 shares.
Landowners to receive royalties computed as 5% of sales. Royalties to be paid direct to landowners, each holding a unique ID.
Tax of 30% paid by BCL to be shared equally (50%) by National Govt and ABG.
20% of BCL's operating costs to be spent on goods and services including employment of Bougainvilleans including landowners.
K1 Billion to be committed by BCL, National Government, Australian Government etc. from date of signing of New BCA. About half of this to be spent on capacity building and skills development of Bougainvilleans so they are able to provide goods and services as per 5 above. The rest to be spent on relief and rehabilitation for landowners.
* Key PV$1000 Present Value of $1000 invested in the past
For example, $1000 invested in copper a year ago is now worth $863, representing a fall of 13.7% in the past year. Likewise, $1000 invested in BCL shares (ASX Code:BOC) a year ago is now worth $442, a loss of 55.8%. A third adverse factor is the rise in the PNG Kina. The present value of US$1000 invested in the Kina a year ago is now worth US$1,244, a rise in the Kina of 24.4%. If copper prices fall, the available benefits will be lower. Economic Value Added (EVA) is heavily dependent on prices of copper, gold and silver. Also, the rise in the PNG Kina of 24% in the past year has further reduced the benefits available to Landowners/ABG.
ESTIMATED ANNUAL REVENUES OF BCL AT TODAY'S PRICES
Description
Unit
Price per unit
Production (Million)
Revenue (US$ Million)
Revenue (K Million)
Copper
Pounds
3.44
510
1,757
3,660
Gold
Troy ounce
1,590.8
0.63
1,004
2,093
Silver
Troy ounce
28.62
2.11
61
126
Total
2,822
5,879
ESTIMATED ANNUAL OPERATING COSTS
Description
USD Million
PGK Million
Goods and services from Bougainville
187
385
Goods and services from outside
746
1,541
Royalties
141
291
Total
1,074
2,217
ESTIMATED ANNUAL PROFITS AND TAX AT TODAY'S PRICES
Description
USD Million
PGK Million
Revenue
2,822
5,824
Less: Operating cost from Goods and Services from Outside
746
1,540
Economic Value Added
2,076
4,285
Less: Operating cost from goods and services from Bougainvilleans
187
386
Less: Royalties
141
291
Earnings Before Interest and Tax
1,748
3,608
Interest
211
436
Profit Before Tax
1,537
3,172
Tax
461
952
Profit After Tax
1,076
2,221
Earnings/Dividends per share
US$2.68
PNGK5.54
BCL SHARE REGISTER AND ESTIMATED ANNUAL DIVIDENDS AT TODAY'S PRICES
Description
Number of Shares
Share in %
Annual Earnings/Dividends (US$ Million)
RIO
215,874,098
53.8
579
PNG Govt
76,430,809
19.06
205
Minority shareholders
108,757,593
27.14
292
Total
401,062,500
100
1,076
THREE SHAREHOLDER GROUPS AND ANNUAL DIVIDEND AT FULL CAPACITY
ANNUAL CASHFLOW COMPARISON: OLD BCA AND "NEW DEAL" BCA
Old BCA
New BCA
As per the old BCA, Landowners received an average of K340,000 per annum in the period 1972 to 1989. As per the New Deal Landowners will receive a whopping K621 Million per annum, an increase of 1826 times. The ABG will receive benefits of K970 million per annum compared with K6.37 million per annum between 1972-89, a rise of 152 times on a higher base.
Old BCA (In Million)
New BCA (In Million)
Description
PGK
USD
PGK
USD
Landowners
0.34
0.31
621
298
ABG
6.37
5.79
970
466
National Govt.
64.0
58.18
480
231
RIO
30.24
27.49
1206
579
Minority Shareholders
15.26
13.87
608
292
Total
116.21
105.65
3886
1865
ESTIMATED ANNUAL ECONOMIC VALUE ADDED AT TODAY'S PRICES
Within Bougainville
Description
US$ Million
PGK Million
Goods and services from Bougainville
187
385
Royalties
141
291
Dividends
205
423
Tax
231
476
Sorry, etwas unübersichtlich nach dem Einfügen ;-(
Hier der Link zum Original:
http://www.buysellsignals.net/bcllandowners/Newsletter.do
Hier der Link zum Original:
http://www.buysellsignals.net/bcllandowners/Newsletter.do
Antwort auf Beitrag Nr.: 43.186.675 von casapusta am 19.05.12 16:06:04Habe mal im Haupt-schräd nachgelesen.
Was passiert da eigentlich?
Was passiert da eigentlich?
Antwort auf Beitrag Nr.: 43.186.799 von Mondbewohner am 19.05.12 17:05:17Die aktuelle Situation wurde von CEO Peter Taylor auf der HV am 1 Mai in POM sehr gut resumiert.
http://hotcopper.com.au/announcements.asp?id=424786
http://hotcopper.com.au/announcements.asp?id=424786
Benutzername: casapusta
Registriert seit: 18.05.2012 [ seit 1 Tagen ]
Registriert seit: 18.05.2012 [ seit 1 Tagen ]
Alles wissenswerte zu BCL
Swen Lorenz: Update zur Studie vom Dezember 2007 - Erschiene…
Swen Lorenz: Studie zu Bougainville Copper Ltd. - Erschienen…
Bougainville - The Establishment of a Copper Mine - pdf 192,…
Verbandssatzung der Panguna Landeigner 2010 - PDF
A Survey on Bougainville (deutsch) 1995 - PDF 2,1 MB (Mo)
Swen Lorenz: Update zur Studie vom Dezember 2007 - Erschiene…
Swen Lorenz: Studie zu Bougainville Copper Ltd. - Erschienen…
Bougainville - The Establishment of a Copper Mine - pdf 192,…
Verbandssatzung der Panguna Landeigner 2010 - PDF
A Survey on Bougainville (deutsch) 1995 - PDF 2,1 MB (Mo)
Bundesanstalt_fuer_Geowissenschaften
Von der Bundesregierung finanzierte Explorationen auf Bougainville.
http://www.bougainville-copper.eu/mediapool/59/599247/data/G…
Interessant die identische Calderaformation in der BCL Lease Atamo.Diese hat ca.die doppelte Grösse der Pangunamine.
Panguna ist zur Hälfte ausgebeutet und besitzt aktuell noch Gold,Silber u. Kupferreserven im Wert von rd. 100 USD/Share. (Gesamtwert 40 Milliarden USD) Somit dürfte der Wert der Atamo Reserven ca. 400 USD pro Share betragen.
Von der Bundesregierung finanzierte Explorationen auf Bougainville.
http://www.bougainville-copper.eu/mediapool/59/599247/data/G…
Interessant die identische Calderaformation in der BCL Lease Atamo.Diese hat ca.die doppelte Grösse der Pangunamine.
Panguna ist zur Hälfte ausgebeutet und besitzt aktuell noch Gold,Silber u. Kupferreserven im Wert von rd. 100 USD/Share. (Gesamtwert 40 Milliarden USD) Somit dürfte der Wert der Atamo Reserven ca. 400 USD pro Share betragen.
Bougainvilles Panguna Copper/Gold Mine to reopen?
http://seekingalpha.com/instablog/326098-maxe-paul/87734-bou…
Bougainville's Panguna Copper and Gold mine rates as one of the most complex and intriguing gold and copper mine stories dating back to its inception as a mine back in the early 1970's, building the mine was a sheer marvel of modern engineering at the time, literally taking the top off a mountain located in the middle of dense jungle terrain.
When the Bougainville Copper Limited (BCL) mine was closed in 1989 due to sabotage from former Bougainville employees and BRA (Bougainville Revolutionary Army) members due to mine royalty disagreements (amongst other tensions) it was the largest open pit mine in the world.........it was big!
Proving just how large the mine project was in its heyday there is even a website that is devoted to the former workers of the mine and the long lasting friendships between "mates" that worked in such an inhospitable environment creating such a mammoth mine, riverbendnelligen.com.
Those of you in your 30's or older such as myself may only remember intermittent news stories of constant bloodshed in Bougainville due to a civil war lasting approximately 15 years centred around a fight for independence in which the Panguna mine was one of many issues culminating in the loss of thousands of lives of Bougainvilleans and PNG defence force personnel. Those of you in your 20's may never have even heard of Bougainville, let alone the Panguna mine, those of you who are considerably older may remember Bougainville was a key location where American and Australian troops helped fight off the Japanese in WW2.
To cut a long story short, the mine has been closed for 21 years and to this day BRA soldiers still guard the mine preventing anyone from entering the mine site other than BRA approved persons. Current estimates of the companies mining tenement reserves according to Bougainville Copper Limited (BCL) are approximately 1 billion tonnes containing approximately 0.3% copper and 0.4% gold, although not of the highest grade copper content the size of the resource more than compensates for the grade, and given current gold prices you could well argue that this would primarily be a gold mine with copper credits!
Over the last several months the current "closed mine" policy has dramatically appeared to change, elections in Bougainville back in June resulted in a new president of Bougainville being elected to replace former BRA member and president of Bougainville, James Tanis. The new president, The Honourable John Momis (a former priest and PNG minister of Parliament), was democratically elected by the people of Bougainville in what was widely reported as a peacfull and fair election process.
In only two short months of being in office Momis has shown himself to be a formidable proponent of re opening the Panguna mine as a means to substantiate Bougainvilles autonomy from PNG and ultimately the economic base to support Bougainville as a fully fledged independent nation by 2015, It would probably be fair to say that the rebuilding of the Panguna mine would coincide with the rebuilding of a nation formally economically crippled by civil war.
Things have progressed so quickly that even the owner of the mining lease and former mine operator, Bougainville Copper Limited (BCL) has announced to the market (trading on the ASX as stock symbol BOC) that the government of Bougainville "has shown early signs that it is interested in reopening the mine provided local land owners are in agreement".
The next stage is for the traditional landowners to form a collective in which the BCA (Bougainville Copper Agreement) will be discussed, plans are afoot to commence this before years end, plans are also underway for the Panguna mine affected landowners to visit operating mines in the country to see how the mining industry has developed from the experiences of the once world class mine.
The mines planned to be visited include Lihir in the New Ireland Province, Porgera in the Enga Province and Ok Tedi in the Western Province
Currently shares of BCL trade in the USA under stock code BOCOF, on the ASX in Australia under stock symbol BOC and in Frankfurt Germany under stock code BOU1. BCL was also trading in the USA under an ADR (deposit receipt) arrangement though this formally ceased earlier this year, currently shares trade at around 75 cents.
There is a large number of European shareholders on the register and they even have their own website, bougainville-copper.eu, dedicated to the company which provides the latest news from Bougainville on a daily basis. According to their website "Bougainville Copper Limited (BCL) has 401.062.500 shares outstanding. More than 70 percent of these shares are owned by Rio Tinto or the Independent State of Papua New Guinea. Almost 30 percent of the shares are traded on international stock markets, mostly in Sydney and Frankfurt/Germany."
One could write a book on the Panguna mine and Bougainvilles civil war, though SA would not be the place for such a thing, with this in mind i would refer any readers who are interested in knowing more about the Panguna mine to check out the exceptional analysis of professional investor Sven Lorenz at Undervalued-Shares.com, where you will find the most intricate in depth valuation model/s of a possible restarted Panguna mine.
In closing i suggest that there would not be many instances today in which you would be able to invest in a 1 billion tonne copper/gold resource at pennies in the dollar and simultaneously underpin the future development of a nation such as Bougainville should the Panguna mine be reopened.
Disclosure: Long Bougainville Copper Limited (BOC)
http://seekingalpha.com/instablog/326098-maxe-paul/87734-bou…
Bougainville's Panguna Copper and Gold mine rates as one of the most complex and intriguing gold and copper mine stories dating back to its inception as a mine back in the early 1970's, building the mine was a sheer marvel of modern engineering at the time, literally taking the top off a mountain located in the middle of dense jungle terrain.
When the Bougainville Copper Limited (BCL) mine was closed in 1989 due to sabotage from former Bougainville employees and BRA (Bougainville Revolutionary Army) members due to mine royalty disagreements (amongst other tensions) it was the largest open pit mine in the world.........it was big!
Proving just how large the mine project was in its heyday there is even a website that is devoted to the former workers of the mine and the long lasting friendships between "mates" that worked in such an inhospitable environment creating such a mammoth mine, riverbendnelligen.com.
Those of you in your 30's or older such as myself may only remember intermittent news stories of constant bloodshed in Bougainville due to a civil war lasting approximately 15 years centred around a fight for independence in which the Panguna mine was one of many issues culminating in the loss of thousands of lives of Bougainvilleans and PNG defence force personnel. Those of you in your 20's may never have even heard of Bougainville, let alone the Panguna mine, those of you who are considerably older may remember Bougainville was a key location where American and Australian troops helped fight off the Japanese in WW2.
To cut a long story short, the mine has been closed for 21 years and to this day BRA soldiers still guard the mine preventing anyone from entering the mine site other than BRA approved persons. Current estimates of the companies mining tenement reserves according to Bougainville Copper Limited (BCL) are approximately 1 billion tonnes containing approximately 0.3% copper and 0.4% gold, although not of the highest grade copper content the size of the resource more than compensates for the grade, and given current gold prices you could well argue that this would primarily be a gold mine with copper credits!
Over the last several months the current "closed mine" policy has dramatically appeared to change, elections in Bougainville back in June resulted in a new president of Bougainville being elected to replace former BRA member and president of Bougainville, James Tanis. The new president, The Honourable John Momis (a former priest and PNG minister of Parliament), was democratically elected by the people of Bougainville in what was widely reported as a peacfull and fair election process.
In only two short months of being in office Momis has shown himself to be a formidable proponent of re opening the Panguna mine as a means to substantiate Bougainvilles autonomy from PNG and ultimately the economic base to support Bougainville as a fully fledged independent nation by 2015, It would probably be fair to say that the rebuilding of the Panguna mine would coincide with the rebuilding of a nation formally economically crippled by civil war.
Things have progressed so quickly that even the owner of the mining lease and former mine operator, Bougainville Copper Limited (BCL) has announced to the market (trading on the ASX as stock symbol BOC) that the government of Bougainville "has shown early signs that it is interested in reopening the mine provided local land owners are in agreement".
The next stage is for the traditional landowners to form a collective in which the BCA (Bougainville Copper Agreement) will be discussed, plans are afoot to commence this before years end, plans are also underway for the Panguna mine affected landowners to visit operating mines in the country to see how the mining industry has developed from the experiences of the once world class mine.
The mines planned to be visited include Lihir in the New Ireland Province, Porgera in the Enga Province and Ok Tedi in the Western Province
Currently shares of BCL trade in the USA under stock code BOCOF, on the ASX in Australia under stock symbol BOC and in Frankfurt Germany under stock code BOU1. BCL was also trading in the USA under an ADR (deposit receipt) arrangement though this formally ceased earlier this year, currently shares trade at around 75 cents.
There is a large number of European shareholders on the register and they even have their own website, bougainville-copper.eu, dedicated to the company which provides the latest news from Bougainville on a daily basis. According to their website "Bougainville Copper Limited (BCL) has 401.062.500 shares outstanding. More than 70 percent of these shares are owned by Rio Tinto or the Independent State of Papua New Guinea. Almost 30 percent of the shares are traded on international stock markets, mostly in Sydney and Frankfurt/Germany."
One could write a book on the Panguna mine and Bougainvilles civil war, though SA would not be the place for such a thing, with this in mind i would refer any readers who are interested in knowing more about the Panguna mine to check out the exceptional analysis of professional investor Sven Lorenz at Undervalued-Shares.com, where you will find the most intricate in depth valuation model/s of a possible restarted Panguna mine.
In closing i suggest that there would not be many instances today in which you would be able to invest in a 1 billion tonne copper/gold resource at pennies in the dollar and simultaneously underpin the future development of a nation such as Bougainville should the Panguna mine be reopened.
Disclosure: Long Bougainville Copper Limited (BOC)
Am Freitag findet ein grosses Meeting der Landeigner in Panguna u. Arawa statt.Dabei wird das #10 der Bevölkerung im Detail erläutert.
Nach den Streitereien vor dem Supreme Court ob nun O`Neill oder Somare der legitime PNG PM ist,sollte die gestrige Abstimmung im Parlament (56:0 pro O`Neill) diese Frage wohl endgültig geklärt haben.Gleichzeitig gibt diese Abstimmung einen äusserst positiven Ausblick auf die Wiederwahl O`Neills in den ende des Monats anstehenden PNG Präsidentschaftswahlen.
O`Neil hat schon zugesagt die "Miningpower" an Bougainville zu übertragen.Der Beginn der BCA Review ist also nur eine Frage der Zeit.
05.2012
Source: Radio New Zealand International
PNG parliament elects O’Neill as PM
The Papua New Guinea parliament has elected Peter O’Neill as prime minister in an extraordinary sitting in Port Moresby.
Mr O’Neill stood unopposed and won 56 votes.
The election was called after the deputy speaker accepted last week’s Supreme Court ruling upholding an earlier judgment that Sir Michael Somare was illegally removed as the country’s prime minister last August.
The speaker also disqualified Sir Michael as a member of parliament for missing three consecutive sittings this year.
Sir Michael had taken court action last year after parliament controversially declared the prime ministership vacant and chose Mr O’Neill as head of government.
The judges who ruled that Sir Michael’s prime ministership was still valid have in the past week been charged with sedition.
It is not immediately clear if the charges will be upheld as Mr O’Neill and his supporters have now accepted the court ruling that they were an illegal government.
Observers say the legality of today’s election may be subject to a challenge because the sitting to choose Mr O’Neill was called after parliament had risen for next month’s election.
Link Provided: www.bougainville-copper.eu/news-may-2012-2.html
O`Neil hat schon zugesagt die "Miningpower" an Bougainville zu übertragen.Der Beginn der BCA Review ist also nur eine Frage der Zeit.
05.2012
Source: Radio New Zealand International
PNG parliament elects O’Neill as PM
The Papua New Guinea parliament has elected Peter O’Neill as prime minister in an extraordinary sitting in Port Moresby.
Mr O’Neill stood unopposed and won 56 votes.
The election was called after the deputy speaker accepted last week’s Supreme Court ruling upholding an earlier judgment that Sir Michael Somare was illegally removed as the country’s prime minister last August.
The speaker also disqualified Sir Michael as a member of parliament for missing three consecutive sittings this year.
Sir Michael had taken court action last year after parliament controversially declared the prime ministership vacant and chose Mr O’Neill as head of government.
The judges who ruled that Sir Michael’s prime ministership was still valid have in the past week been charged with sedition.
It is not immediately clear if the charges will be upheld as Mr O’Neill and his supporters have now accepted the court ruling that they were an illegal government.
Observers say the legality of today’s election may be subject to a challenge because the sitting to choose Mr O’Neill was called after parliament had risen for next month’s election.
Link Provided: www.bougainville-copper.eu/news-may-2012-2.html
Wann oder gegenüber wem hat O Neill bestätigt die Mining Power ans ABG zu übertragen?
http://www.postcourier.com.pg/20120612/tuhome.htm
Ein kleiner Artikel heute in der lokalen Zeitung Post courier.
Das könnte der Durchbruch für Bougainville Copper sein.
Mining activities to begin on B’ville
By PETERSON TSERAHA
THE Autonomous Bougainville Government has made history by moving a motion on the most sensitive issue on Bougainville Mining Exploration.
The motion is a positive step since its installment in 2005 for a young government.
On Thursday, before a packed House of Representatives at in Buka, Melchior Dare, Member for Eivo Torau Constituency and chairman of Central Bougainville Parliamentary Committee, presented a motion from the floor to introduce Bougainville Mining Policy to start exploration on Bougainville. A right that every Bougainvillean has been waiting for and have fought the Bougainville crisis for.
The motion calls on the Autonomous Bougainville Government to: nCreate a Bougainville Mining Oil & Gas policy that should protect the interests of the Autonomous Bougainville Government, Landowner Rights and Investors; nGrant the local resource owners’ company the licence to do mineral, oil & gas exploration on its own land, and; nThat the Bougainville Administration consider the draft mining oil and gas policy during 2012.
In a rousing 45-minute presentation to the House, Mr Dare explained that under section 4(b) of the Bougainville Peace Agreement “Autonomy” is intended to enable Bougainville to determine its own solutions to its own problems and needs and now was the time to act to resume mining exploration on the island.
He told the House that while the move to resume exploration on Bougainville was a grassroots movement tdriven by the resource owners themselves, the Government had a duty to fulfil its function as the regulator of mining on Bougainville.
He stated that the ownership of mineral resources is usually claimed by the State or the Crown, and in the case of Bougainville the customary traditional landowners own the minerals which is protected by section 23 of the Bougainville constitution and recognised by Article 26 of the United Nations Convention.
Ein kleiner Artikel heute in der lokalen Zeitung Post courier.
Das könnte der Durchbruch für Bougainville Copper sein.
Mining activities to begin on B’ville
By PETERSON TSERAHA
THE Autonomous Bougainville Government has made history by moving a motion on the most sensitive issue on Bougainville Mining Exploration.
The motion is a positive step since its installment in 2005 for a young government.
On Thursday, before a packed House of Representatives at in Buka, Melchior Dare, Member for Eivo Torau Constituency and chairman of Central Bougainville Parliamentary Committee, presented a motion from the floor to introduce Bougainville Mining Policy to start exploration on Bougainville. A right that every Bougainvillean has been waiting for and have fought the Bougainville crisis for.
The motion calls on the Autonomous Bougainville Government to: nCreate a Bougainville Mining Oil & Gas policy that should protect the interests of the Autonomous Bougainville Government, Landowner Rights and Investors; nGrant the local resource owners’ company the licence to do mineral, oil & gas exploration on its own land, and; nThat the Bougainville Administration consider the draft mining oil and gas policy during 2012.
In a rousing 45-minute presentation to the House, Mr Dare explained that under section 4(b) of the Bougainville Peace Agreement “Autonomy” is intended to enable Bougainville to determine its own solutions to its own problems and needs and now was the time to act to resume mining exploration on the island.
He told the House that while the move to resume exploration on Bougainville was a grassroots movement tdriven by the resource owners themselves, the Government had a duty to fulfil its function as the regulator of mining on Bougainville.
He stated that the ownership of mineral resources is usually claimed by the State or the Crown, and in the case of Bougainville the customary traditional landowners own the minerals which is protected by section 23 of the Bougainville constitution and recognised by Article 26 of the United Nations Convention.
Trotz dem ganzen Trouble bei diesen Elections
"voting has been relatively peaceful compared to past elections." ;-)
http://www.radioaustralia.net.au/international/2012-06-28/fu…
"voting has been relatively peaceful compared to past elections." ;-)
http://www.radioaustralia.net.au/international/2012-06-28/fu…
Egal wer der nächste PNG PM wird,Momis versucht schon die Richtung für das nächte JSB Meeting vorzugeben.
By Aloysius Laukai
4
THE Autonomous Bougainville Government (ABG) is closely monitoring the National Election and expects that one of the priorities of the new government formed would be to initiate the long overdue meeting of parties to the Joint Supervisory Body (JSB).
The parties to the JSB comprise members of the Autonomous Bougainville Government led by President John Momis and members of the Papua New Guinea government led by the elected new Prime Minister.
The ABG is concerned at the oversight shown by the last PNG government to upholding its contractual obligation to implement the process of Autonomy that involved ensuring an efficient progress on the draw down of powers and functions to the ABG.
Autonomous Region of Bougainville President,John Momis said although much progress had been made in bringing powers and functions to Bougainville, there are constraints such as the slow transfer of the powers and functions.
“Among the causes are issues relating to capacity, disinterest on the part of the National Government and some legal and institutional restraints relating to absorptive capacity in Bougainville.
Given this level of development, I think it imperative that both the ABG and the National Government should consider new approaches to the transfer issues”, said Momis.
He suggested that both parties refocus their efforts on four key strategies as follows.
• Capacity and internal and external co-operation and coordination issues,
• New Key Priorities {Economic Issues, Mining and other economic powers} that will lead to fiscal self-reliance.
• Establishment of the Institutions of Government in Bougainville as a pre-condition for the Referendum
• Security Issues
The President said in order to achieve these objectives he had directed his administration to focus on strengthening the Division of Autonomy through the provisions of additional resources including legal expertize.
By Aloysius Laukai
4
THE Autonomous Bougainville Government (ABG) is closely monitoring the National Election and expects that one of the priorities of the new government formed would be to initiate the long overdue meeting of parties to the Joint Supervisory Body (JSB).
The parties to the JSB comprise members of the Autonomous Bougainville Government led by President John Momis and members of the Papua New Guinea government led by the elected new Prime Minister.
The ABG is concerned at the oversight shown by the last PNG government to upholding its contractual obligation to implement the process of Autonomy that involved ensuring an efficient progress on the draw down of powers and functions to the ABG.
Autonomous Region of Bougainville President,John Momis said although much progress had been made in bringing powers and functions to Bougainville, there are constraints such as the slow transfer of the powers and functions.
“Among the causes are issues relating to capacity, disinterest on the part of the National Government and some legal and institutional restraints relating to absorptive capacity in Bougainville.
Given this level of development, I think it imperative that both the ABG and the National Government should consider new approaches to the transfer issues”, said Momis.
He suggested that both parties refocus their efforts on four key strategies as follows.
• Capacity and internal and external co-operation and coordination issues,
• New Key Priorities {Economic Issues, Mining and other economic powers} that will lead to fiscal self-reliance.
• Establishment of the Institutions of Government in Bougainville as a pre-condition for the Referendum
• Security Issues
The President said in order to achieve these objectives he had directed his administration to focus on strengthening the Division of Autonomy through the provisions of additional resources including legal expertize.
http://www.thenational.com.pg/?q=node/35096
Source:
The National, Tuesday July 3rd, 2012
THE Autonomous Bougainville Government expects the new government to ensure that the concerned parties join the Joint Supervisory Body (JSB).
The JSB comprises ABG members led by President John Momis and their Papua New Guinea counterparts led by the newly-elected prime minister.
The ABG is concerned following the Papua New Guinea government’s failure to uphold contractual obligations in drawing powers and functions to the ABG.
Momis said despite perceptible progress in bringing powers and functions to Bougainville, “there are constraints such as the slow transfer”.
“Among the causes are issues relating to capacity, disinterest on the part of the national government and some legal and institutional restraints relating to absorptive capacity in Bougainville,” Momis said.
He said with this level of development, he thought it was important the ABG and the national government consider new approaches to the transfer issues.
Momis suggested both parties refocus their efforts on four key strategies – capacity and internal and external co-operation, economic issues leading to self-reliance, government institutions establishment and security issues.
He said with these goals his administration had been directed to focus on strengthening the division of autonomy through providing additional resources, including legal expertise.
“I intend to meet with the national government after the elections to consider establishing a small implementing unit at Waigani to execute the co-operative arrangements,” Momis said.
He said that would include a corresponding unit within the ABG division of autonomy or the chief administrator’s office to ensure matters relating to autonomy and the transfer of functions and powers were not entangled.
Momis said since the process of autonomy was new to both governments “each should be mindful and respect all Bougainville peace agreement commitments”.
“Autonomy is not just a phrase in daily use but to which its core objective is the transfer of real powers and functions from the Papua New Guinea government to the Autonomous Region of Bougainville.”
Source:
The National, Tuesday July 3rd, 2012
THE Autonomous Bougainville Government expects the new government to ensure that the concerned parties join the Joint Supervisory Body (JSB).
The JSB comprises ABG members led by President John Momis and their Papua New Guinea counterparts led by the newly-elected prime minister.
The ABG is concerned following the Papua New Guinea government’s failure to uphold contractual obligations in drawing powers and functions to the ABG.
Momis said despite perceptible progress in bringing powers and functions to Bougainville, “there are constraints such as the slow transfer”.
“Among the causes are issues relating to capacity, disinterest on the part of the national government and some legal and institutional restraints relating to absorptive capacity in Bougainville,” Momis said.
He said with this level of development, he thought it was important the ABG and the national government consider new approaches to the transfer issues.
Momis suggested both parties refocus their efforts on four key strategies – capacity and internal and external co-operation, economic issues leading to self-reliance, government institutions establishment and security issues.
He said with these goals his administration had been directed to focus on strengthening the division of autonomy through providing additional resources, including legal expertise.
“I intend to meet with the national government after the elections to consider establishing a small implementing unit at Waigani to execute the co-operative arrangements,” Momis said.
He said that would include a corresponding unit within the ABG division of autonomy or the chief administrator’s office to ensure matters relating to autonomy and the transfer of functions and powers were not entangled.
Momis said since the process of autonomy was new to both governments “each should be mindful and respect all Bougainville peace agreement commitments”.
“Autonomy is not just a phrase in daily use but to which its core objective is the transfer of real powers and functions from the Papua New Guinea government to the Autonomous Region of Bougainville.”
O’neill set to retain seat
http://www.thenational.com.pg/?q=node/35301
Source:
The National, Thursday 05th July, 2012
By JEFFREY ELAPA
PETER O’Neill is assured of retaining his Ialibu-Pangia seat in a landslide victory, making him the first MP to be confirmed for the new parliament.
Although some boxes from the electorate are yet to be counted, the caretaker prime minister was safely in front last night polling 29,512 votes and should safely secure the 50%-plus-one majority in the first count. He needs to get more than 30,598.
Hundreds of people, gathering outside the counting centre at the Momei Oval in Mendi, have been chanting his name and calling on counting officials to declare him the winner.
But returning officer Michael Ariando said they could not declare him the winner although he had almost reached the required number of votes.
Ariando said all the boxes had to be opened and votes counted before a formal announcement of the winner was made.
O’Neill could not be reached for a comment last night but the general secretary of his People’s National Congress party Jonathan Oata said O’Neill’s performance at the polls was expected.
“The people wanted O’Neill to return to parliament unopposed because he is the prime minister,” Oata said in a statement.
“But the seven candidates defied the wishes of their people, and the result is showing very clearly.
“The people of Ialibu-Pangia are speaking through the ballot in a very resounding manner.”
It is O’Neill’s third term as the Ialibu-Pangia MP.
In 2007, he also polled more than 50% of primary votes to win outright.
He was first elected to parliament in 2002, ousting Roy Yaki by a similar majority.
The closest to O’Neill are independent candidate Raphael Noipo on 3,780 votes and Eke Lama on 3,735.
Ariando said about 25 ballot boxes from Pangia and Kware had been disputed and locked away.
A total of 72 ballot boxes have been counted.
Meanwhile, the ballot boxes for Nipa-Kutubu were awaiting a decision by the Electoral Commission before they could be counted.
Similarly in the Imbonggu open seat, the Piambil Two box and the Tona box have been disputed and locked away in the container.
http://www.thenational.com.pg/?q=node/35301
Source:
The National, Thursday 05th July, 2012
By JEFFREY ELAPA
PETER O’Neill is assured of retaining his Ialibu-Pangia seat in a landslide victory, making him the first MP to be confirmed for the new parliament.
Although some boxes from the electorate are yet to be counted, the caretaker prime minister was safely in front last night polling 29,512 votes and should safely secure the 50%-plus-one majority in the first count. He needs to get more than 30,598.
Hundreds of people, gathering outside the counting centre at the Momei Oval in Mendi, have been chanting his name and calling on counting officials to declare him the winner.
But returning officer Michael Ariando said they could not declare him the winner although he had almost reached the required number of votes.
Ariando said all the boxes had to be opened and votes counted before a formal announcement of the winner was made.
O’Neill could not be reached for a comment last night but the general secretary of his People’s National Congress party Jonathan Oata said O’Neill’s performance at the polls was expected.
“The people wanted O’Neill to return to parliament unopposed because he is the prime minister,” Oata said in a statement.
“But the seven candidates defied the wishes of their people, and the result is showing very clearly.
“The people of Ialibu-Pangia are speaking through the ballot in a very resounding manner.”
It is O’Neill’s third term as the Ialibu-Pangia MP.
In 2007, he also polled more than 50% of primary votes to win outright.
He was first elected to parliament in 2002, ousting Roy Yaki by a similar majority.
The closest to O’Neill are independent candidate Raphael Noipo on 3,780 votes and Eke Lama on 3,735.
Ariando said about 25 ballot boxes from Pangia and Kware had been disputed and locked away.
A total of 72 ballot boxes have been counted.
Meanwhile, the ballot boxes for Nipa-Kutubu were awaiting a decision by the Electoral Commission before they could be counted.
Similarly in the Imbonggu open seat, the Piambil Two box and the Tona box have been disputed and locked away in the container.
Aus HC
http://hotcopper.com.au/post_single.asp?fid=1&tid=1778728&ms…
election results in png spur trading in boc
There has been a recent rally in boc shares recently. I am guessing this is people getting itchy fingers about not missing out on getting some of this tightly held stock before final election results are in.
All indications are that it will be an O'Neill Namah government returned and if this happens the smart money is on negotiations moving more rapidly and mobilising on the panguna mine issue.
I noted buying up to 78c a couple of days ago. In those purchases there was no thought of trying to wait for the shares to meet their bid.
They were buyers meeting the seller at higher prices.
This is an indication that a few people are now wanting to make a move and grab what they can. There are not many around. Short selling may continue but I don't think that will stop a sharp rise in sp if O'Neill/Namah are re elected and a stable government is formed.
A rainbow is now forming through the mist and I think at the end of it lies a huge pot of gold for the lucky few that have remeined patient or that have had the foresight to snap up what they can now, even though there are not many left.
http://hotcopper.com.au/post_single.asp?fid=1&tid=1778728&ms…
election results in png spur trading in boc
There has been a recent rally in boc shares recently. I am guessing this is people getting itchy fingers about not missing out on getting some of this tightly held stock before final election results are in.
All indications are that it will be an O'Neill Namah government returned and if this happens the smart money is on negotiations moving more rapidly and mobilising on the panguna mine issue.
I noted buying up to 78c a couple of days ago. In those purchases there was no thought of trying to wait for the shares to meet their bid.
They were buyers meeting the seller at higher prices.
This is an indication that a few people are now wanting to make a move and grab what they can. There are not many around. Short selling may continue but I don't think that will stop a sharp rise in sp if O'Neill/Namah are re elected and a stable government is formed.
A rainbow is now forming through the mist and I think at the end of it lies a huge pot of gold for the lucky few that have remeined patient or that have had the foresight to snap up what they can now, even though there are not many left.
Historisches Treffen und Durchbruch???
ABG,BCL and Panguna Landowners meet in Buka
http://bougainville.typepad.com/newdawn/2012/07/news-head-li…
>BY MARIA LAUKAI
>
>Panguna mine related issues were the main agendas of a meeting to day between the Autonomous Bougainville Government, Panguna Landowners Association and Bougainville Copper Limited.
>This is the first time, all three parties have engaged in discussions related to the Panguna Mine and the Bougainville Copper Agreement.
> In his opening remarks this morning, Bougainville President Chief John Momis urged that all parties work in unity to achieve the best outcome of the meeting.
>
>He added that the three parties must be transparent and honest in their collaborative effort to reach an understanding.
>BCL representive Paul Coleman said in response that BCL was conscious of the issues that need to be discussed with the ABG and the landowners of Panguna.
>
>He assured that every issue would be taken into account and he added that even if not all issues are resolved at least BCLwould be in a position to address these issues.
>The meeting ended this afternoon with resolutions that would be released to the media on Monday
ABG,BCL and Panguna Landowners meet in Buka
http://bougainville.typepad.com/newdawn/2012/07/news-head-li…
>BY MARIA LAUKAI
>
>Panguna mine related issues were the main agendas of a meeting to day between the Autonomous Bougainville Government, Panguna Landowners Association and Bougainville Copper Limited.
>This is the first time, all three parties have engaged in discussions related to the Panguna Mine and the Bougainville Copper Agreement.
> In his opening remarks this morning, Bougainville President Chief John Momis urged that all parties work in unity to achieve the best outcome of the meeting.
>
>He added that the three parties must be transparent and honest in their collaborative effort to reach an understanding.
>BCL representive Paul Coleman said in response that BCL was conscious of the issues that need to be discussed with the ABG and the landowners of Panguna.
>
>He assured that every issue would be taken into account and he added that even if not all issues are resolved at least BCLwould be in a position to address these issues.
>The meeting ended this afternoon with resolutions that would be released to the media on Monday
Beste Meldung seit 23 Jahren
Der Prozess gewinnt an Dynamik. Die Wiedereröffnung der Pangunamine könnte sich viel schneller konkretisieren als von allen erwartet.
Bougainville Landowners speak out on latest moves with Rio Tinto mine
Updated 19 July 2012, 18:15 AEST
http://www.radioaustralia.net.au/international/...o-tinto-mi…
Landowners are meeting on Papua New Guinea's island of Bougainville to pave the way for the return of mining giant Rio-Tinto.
Bougainville Landowners speak out on latest moves with Rio Tinto mine (Credit: ABC)
Rio's Panguna copper mine was the spark that ignited a decade-long civil war which left thousands dead and the economy of the island on its knees.
Two decades on, there is a growing consensus among landowners about re-opening the mine.
Presenter: Jemima Garrett
Speakers: John Momis, President of the Autonomous Government of Bougainville
Chris Damana, interim chairman of the Panguna Landowners Association
Bernadine Kiraa, Chairwoman of the Panguna Lower Tailings Landowers Association
GARRETT: Reconciliation is now the name of the game between landowners and Bougainville Copper - the Rio Tinto subsidiary that owns the Panguna copper mine.
It has been a long hard road.
Landowners have been holding talks among themselves and with the Autonmous Bougainville government for more than 2 years.
Earlier this month, there was something of a breakthrough - a three-way meeting between landowners, the Autonomous Bougainville government and Bougainville Copper.
Bernadine Kirra, is Chairwoman of the 3000 strong landowner group that suffered most during mining - the lower tailings landowners.
KIRAA: The meeting with BCL was a step forward. it was a very good meeting because we agreed at once some decisions that BCL has to meet before it decides to come to Bougainville.
GARRETT: And what is thew feeling amongst the women and the other landowners. do they want to see the mine re-opened, eventually?
KIRAA: Uh, yeah! Most people in mine-affected areas and all of Bougainville, we would very much want BCL to come back.
GARRETT: Why?
KIRAA: To help us with our economical recovery on Bougainville.
GARRETT: Bougainville's President John Momis says the meeting with BCL was very significant.
MOMIS: It was the first time that all the landowners were represented in the group that talked with us. In the past we had other big meetings but not all landowner groups were represented. But this time it was good.
GARRETT: And did the landowner groups include mekamui and some of the landowner groups that have been hostile to Bougainville copper?
MOMIS: The landowner groups represented all the groups that have been listed as the legitimate landowners, which includes Mekamui, of course, yes.
GARRETT: Were you surprised at the broad representation of landowners that turned up for the meeting?
MOMIS: I was not completely surprised. I was very happy because we had been doing a lot of work, the administration has been doing a lot of work liaising and talking with the landower groups and insisting that landowners must come to an agreement to work together.
GARRETT: Bougainville President John Momis.
Landowners took charge of the agenda at the meeting with Bougainville copper.
Chris Damana, Interim Chairman of the key umbrella group, the Panguna Landowners Association, says the BCL representative aquitted himself well.
DAMANA: Mr Paul Coleman, during our 13 agendas that we presented, gave us a positive ..all of them positively answered us. BCL will come and re-open the mine but need to tidy up a lot of things before they come and re-open the mine. We all agree that BCL will come back because they have learned their mistake. We have learned our mistake and, maybe, we can start on a new slate.
GARRETT: So the landowners want to see the mine re-opened?
DAMANA: Of course we need Panguna mine to re-open, definitely!
GARRETT: Landowners told Bougainville copper that before any more moves could be made towards formal negotiations for the re-opening of the mine the company must take part in a reconciliation ceremony and pay what is known as belcol money.
Respecting tradition is crucial to the success of future talks.
This week, landowners have been holding a series of meetings to draw up some instructions so that BCL gets it right.
DAMANA: We are discussing it now, this morning, in a meeting. we want to put it in black and white to BCL because as you know BCL will see it from the Western cultural perspective. we see it from the Melanesian cultural perspective so we need to explain properly to BCL what this belcol money is and what will meet our purpose, that BCL will do before we go into serious talkings with BCL.
GARRETT: Chris Damana, interim Chairman of the umbrella organisation, the Panguna landowners Association.
Landowners are still discussing exactly what the belcol should entail.
Bernadine Kiraa, from the lower tailings landowners association does not want to pre-empt the outcome, but she is clear on what her people want.
KIRAA: We really want something that will benefit the whole of Bougainville but, especially myself, I am really looking for BCL to build maybe some good schools for a better standard and maybe better hospitals for Bougainville for a start because we really have a problem with good standard of education and the health facilities here on Bougainville at the moment is very low.
GARRETT: If the mining does go ahead, would all of Bougainville benefit or would it only be the landowners from around the mine?
KIRAA: No, No, this time we are looking from a different perspective. All people of Bougainville should benefit because they have all suffered due to the landowners conflict so we are looking forward to a new complete agreement that will benefit all of Bougainville.
Der Prozess gewinnt an Dynamik. Die Wiedereröffnung der Pangunamine könnte sich viel schneller konkretisieren als von allen erwartet.
Bougainville Landowners speak out on latest moves with Rio Tinto mine
Updated 19 July 2012, 18:15 AEST
http://www.radioaustralia.net.au/international/...o-tinto-mi…
Landowners are meeting on Papua New Guinea's island of Bougainville to pave the way for the return of mining giant Rio-Tinto.
Bougainville Landowners speak out on latest moves with Rio Tinto mine (Credit: ABC)
Rio's Panguna copper mine was the spark that ignited a decade-long civil war which left thousands dead and the economy of the island on its knees.
Two decades on, there is a growing consensus among landowners about re-opening the mine.
Presenter: Jemima Garrett
Speakers: John Momis, President of the Autonomous Government of Bougainville
Chris Damana, interim chairman of the Panguna Landowners Association
Bernadine Kiraa, Chairwoman of the Panguna Lower Tailings Landowers Association
GARRETT: Reconciliation is now the name of the game between landowners and Bougainville Copper - the Rio Tinto subsidiary that owns the Panguna copper mine.
It has been a long hard road.
Landowners have been holding talks among themselves and with the Autonmous Bougainville government for more than 2 years.
Earlier this month, there was something of a breakthrough - a three-way meeting between landowners, the Autonomous Bougainville government and Bougainville Copper.
Bernadine Kirra, is Chairwoman of the 3000 strong landowner group that suffered most during mining - the lower tailings landowners.
KIRAA: The meeting with BCL was a step forward. it was a very good meeting because we agreed at once some decisions that BCL has to meet before it decides to come to Bougainville.
GARRETT: And what is thew feeling amongst the women and the other landowners. do they want to see the mine re-opened, eventually?
KIRAA: Uh, yeah! Most people in mine-affected areas and all of Bougainville, we would very much want BCL to come back.
GARRETT: Why?
KIRAA: To help us with our economical recovery on Bougainville.
GARRETT: Bougainville's President John Momis says the meeting with BCL was very significant.
MOMIS: It was the first time that all the landowners were represented in the group that talked with us. In the past we had other big meetings but not all landowner groups were represented. But this time it was good.
GARRETT: And did the landowner groups include mekamui and some of the landowner groups that have been hostile to Bougainville copper?
MOMIS: The landowner groups represented all the groups that have been listed as the legitimate landowners, which includes Mekamui, of course, yes.
GARRETT: Were you surprised at the broad representation of landowners that turned up for the meeting?
MOMIS: I was not completely surprised. I was very happy because we had been doing a lot of work, the administration has been doing a lot of work liaising and talking with the landower groups and insisting that landowners must come to an agreement to work together.
GARRETT: Bougainville President John Momis.
Landowners took charge of the agenda at the meeting with Bougainville copper.
Chris Damana, Interim Chairman of the key umbrella group, the Panguna Landowners Association, says the BCL representative aquitted himself well.
DAMANA: Mr Paul Coleman, during our 13 agendas that we presented, gave us a positive ..all of them positively answered us. BCL will come and re-open the mine but need to tidy up a lot of things before they come and re-open the mine. We all agree that BCL will come back because they have learned their mistake. We have learned our mistake and, maybe, we can start on a new slate.
GARRETT: So the landowners want to see the mine re-opened?
DAMANA: Of course we need Panguna mine to re-open, definitely!
GARRETT: Landowners told Bougainville copper that before any more moves could be made towards formal negotiations for the re-opening of the mine the company must take part in a reconciliation ceremony and pay what is known as belcol money.
Respecting tradition is crucial to the success of future talks.
This week, landowners have been holding a series of meetings to draw up some instructions so that BCL gets it right.
DAMANA: We are discussing it now, this morning, in a meeting. we want to put it in black and white to BCL because as you know BCL will see it from the Western cultural perspective. we see it from the Melanesian cultural perspective so we need to explain properly to BCL what this belcol money is and what will meet our purpose, that BCL will do before we go into serious talkings with BCL.
GARRETT: Chris Damana, interim Chairman of the umbrella organisation, the Panguna landowners Association.
Landowners are still discussing exactly what the belcol should entail.
Bernadine Kiraa, from the lower tailings landowners association does not want to pre-empt the outcome, but she is clear on what her people want.
KIRAA: We really want something that will benefit the whole of Bougainville but, especially myself, I am really looking for BCL to build maybe some good schools for a better standard and maybe better hospitals for Bougainville for a start because we really have a problem with good standard of education and the health facilities here on Bougainville at the moment is very low.
GARRETT: If the mining does go ahead, would all of Bougainville benefit or would it only be the landowners from around the mine?
KIRAA: No, No, this time we are looking from a different perspective. All people of Bougainville should benefit because they have all suffered due to the landowners conflict so we are looking forward to a new complete agreement that will benefit all of Bougainville.
Google Translate,der wichtigsten Passagen, zum besseren Verständnis etwas korrigiert
Letzten Monat trafen sich Führungskräfte von Bougainville Copper mit
Grundbesitzer Gruppen des Panguna Minengebietes für eine weitere Runde
von Sitzungen, und sie sind optimistisch eine breite Unterstützung für
eine Wiederaufnahme des Betriebs zu gewinnen.
Zur gleichen Zeit versucht die Bougainviller Regierung, alle
Grundbesitzer Gruppen um einen Tisch zu bekommen , um einen Deal mit
Bougainville Copper auszuhandeln, obwohl es alles andere als klar ist,
wie die Position von Rio, mit seinem dominanten 54 Prozent Anteile an
dem Kupferunternehmen sein wird zum Vorschlag den Bergbau wieder
aufzunehmen.
Arbeiten, um die Größe der Erzkörper als Vorstufe zu einer
Minenentwicklung neu zu definieren sind im Gange, und im letzten Monat
trat der Leiter der Rio Kupfer Division, Jean-Sebastien Jacques, dem
Bougainville Copper Bord bei. Aber mit einem geschätzten $ 3000000000
Invest, wird jeder Fortschritt bei der Wiederaufnahme des Bergbaus
langsam sein und wird mehr als nur die Unterstützung der
Zentralregierung benötigen.
Bougainville Copper sagt derzeit nichts öffentlich da sie auf
die Einheit der Grundbesitzer Gruppen mit der Bougainviller und der
zentralen PNG Regierung über eine Wiederaufnahme des Bergbaus wartet -
ein Prozess, der sehr schnell passieren oder mehrere Monate weg sein
könnte.
Originalartikel
Miners tap resources the Melanesian way
http://www.businessday.com.au/business/m…0817-24dry.html
August 18, 2012
Brian Robins
Exploiting PNG's mineral wealth takes long negotiation and the full co-operation of the local landowners, writes Brian Robin
For long-time expat Australian Lindsay Semple, who has been
kicking around Bougainville for a few years now, it was the deal of a
lifetime.
Semple had allegedly paid 20 million kina ($9 million) to the Autonomous
Bougainville President, Joseph Kabui, to win exploration access to 70
per cent of Bougainville, but Kabui's death in 2008 derailed this.
Recently, Semple claims he cut another deal with the Autonomous
Bougainville government, which he has backed into a Canadian-listed
minnow, Morumbi Resources, where he has been appointed the executive.
But the Bougainville government says otherwise.
Welcome to the world of doing business in Papua New Guinea, where fact and fiction can sometimes seem to merge.
Notwithstanding Semple's manoeuvring on Bougainville, Bougainville
Copper has been making solid, if quiet, progress to resurrect its
long-idled Panguna copper mine, while across the country work is moving
ahead on the Mount Kare gold deposit.
Ring a bell? It was found by CRA, a Rio Tinto forerunner, in the late
1980s when the then exploration manager discovered a gold nugget while
digging the toilet for an exploration camp in the highlands. That find
triggered a gold rush by the local villagers in early 1988, which
ultimately forced CRA to abandon the area as the locals ran riot.
............................Exploration work has proceeded in fits and starts since and, while there
is little doubt about the economics of the gold deposit, the key is
winning - and sustaining - the support of warring local villagers for a
mine.
There is an unusual symbiosis between Mount Kare and the Bougainville
copper mine, since it was also in 1988 that Bougainville Copper, which
is also controlled by Rio, suffered the first of a series of explosions
that led to the closure of what was then one of the largest copper mines
in the world. Those explosions, of the power pylons leading to the
mine, were the start of the insurrection that led to the mine closure by
mid-1989.
For Stephen Promnitz, formerly with Kingsgate Consolidated and who now
runs Indochine Mining, which is trying to develop the Mount Kare
deposit, PNG presents few new challenges since he cut his teeth as a
geologist at Mount Kare. ''With the newly elected government, PNG is in a
de-risking phase,'' Promnitz said of the political risk in the country,
after the recent changes in Port Moresby.
Indochine is finalising its pre-feasibility study for a prospective $120
to $150 million mine project and has hired a Melanesian Fijian, George
Niumataiwalu, to help win over local landowners. He is credited with
taking the Hidden Valley resource to a completed project for its owners,
Harmony and Newcrest Mining.
At Mount Kare, a 1.8 million ounce resource grading an average 1.9 grams
of gold a tonne, including a 700,000 high grade zone at 3.7 grams a
tonne, developing a modest-sized mine producing 100,000 to 150,000
ounces a year over an initial seven- to eight-year mine life would
appear straightforward. With any luck, it will be the first step in a
larger operation.
As Niumataiwalu has put it when talking to the Mount Kare landowners of
the present gold resource: ''We don't know if we have the ear, the leg
or the hindquarters, but we are looking for a big pig.''
Niumataiwalu is keen to pursue the ''Melanesian way'' with any
development of the Mount Kare resource - working with local villagers to
ensure they are supportive as the mine plans proceed - to try and avoid
any last minute surprises that could derail the project and stall it
for another 25 years.
The Melanesian way is also getting a workout with Semple for his plans
on Bougainville where, for Rio Tinto, a resumption of mining may not be
simple, since opposition remains deeply entrenched in some quarters.
Last month, senior managers at Bougainville Copper met landowner groups
with a stake in the Panguna mine area for a further round of meetings,
and they remain optimistic of winning and maintaining broad support for a
resumption of operations.
At the same time, the Bougainville government is trying to corral all
the landowner groups to sit at the table to cut a deal with Bougainville
Copper, although it is far from clear what the position of Rio, with
its dominant 70 per cent stake in the copper company, will be to any
proposal to resume mining.
Work to redefine the size of the ore body as a precursor to any mine
development work is under way, and last month the head of Rio's copper
division, Jean-Sebastien Jacques, joined the Bougainville Copper board.
But with an estimated $3 billion price tag, any progress in resuming
mining will be slow and will need more than just the backing of the
central government to get off the ground.
Bougainville Copper is saying nothing publicly at present as it waits
for landowner groups to reach some unity with the Bougainville and
central governments on a resumption of mining - a process that could
happen quickly, or could be several months away, at best.
But the political risk to any large project on Bougainville cannot be
underestimated since the Autonomous Bougainville Government still plans
to hold a referendum on secession by 2020 which, if it were to proceed,
would scuttle any prospects for a resumption of mining any time this
decade, and beyond.
Letzten Monat trafen sich Führungskräfte von Bougainville Copper mit
Grundbesitzer Gruppen des Panguna Minengebietes für eine weitere Runde
von Sitzungen, und sie sind optimistisch eine breite Unterstützung für
eine Wiederaufnahme des Betriebs zu gewinnen.
Zur gleichen Zeit versucht die Bougainviller Regierung, alle
Grundbesitzer Gruppen um einen Tisch zu bekommen , um einen Deal mit
Bougainville Copper auszuhandeln, obwohl es alles andere als klar ist,
wie die Position von Rio, mit seinem dominanten 54 Prozent Anteile an
dem Kupferunternehmen sein wird zum Vorschlag den Bergbau wieder
aufzunehmen.
Arbeiten, um die Größe der Erzkörper als Vorstufe zu einer
Minenentwicklung neu zu definieren sind im Gange, und im letzten Monat
trat der Leiter der Rio Kupfer Division, Jean-Sebastien Jacques, dem
Bougainville Copper Bord bei. Aber mit einem geschätzten $ 3000000000
Invest, wird jeder Fortschritt bei der Wiederaufnahme des Bergbaus
langsam sein und wird mehr als nur die Unterstützung der
Zentralregierung benötigen.
Bougainville Copper sagt derzeit nichts öffentlich da sie auf
die Einheit der Grundbesitzer Gruppen mit der Bougainviller und der
zentralen PNG Regierung über eine Wiederaufnahme des Bergbaus wartet -
ein Prozess, der sehr schnell passieren oder mehrere Monate weg sein
könnte.
Originalartikel
Miners tap resources the Melanesian way
http://www.businessday.com.au/business/m…0817-24dry.html
August 18, 2012
Brian Robins
Exploiting PNG's mineral wealth takes long negotiation and the full co-operation of the local landowners, writes Brian Robin
For long-time expat Australian Lindsay Semple, who has been
kicking around Bougainville for a few years now, it was the deal of a
lifetime.
Semple had allegedly paid 20 million kina ($9 million) to the Autonomous
Bougainville President, Joseph Kabui, to win exploration access to 70
per cent of Bougainville, but Kabui's death in 2008 derailed this.
Recently, Semple claims he cut another deal with the Autonomous
Bougainville government, which he has backed into a Canadian-listed
minnow, Morumbi Resources, where he has been appointed the executive.
But the Bougainville government says otherwise.
Welcome to the world of doing business in Papua New Guinea, where fact and fiction can sometimes seem to merge.
Notwithstanding Semple's manoeuvring on Bougainville, Bougainville
Copper has been making solid, if quiet, progress to resurrect its
long-idled Panguna copper mine, while across the country work is moving
ahead on the Mount Kare gold deposit.
Ring a bell? It was found by CRA, a Rio Tinto forerunner, in the late
1980s when the then exploration manager discovered a gold nugget while
digging the toilet for an exploration camp in the highlands. That find
triggered a gold rush by the local villagers in early 1988, which
ultimately forced CRA to abandon the area as the locals ran riot.
............................Exploration work has proceeded in fits and starts since and, while there
is little doubt about the economics of the gold deposit, the key is
winning - and sustaining - the support of warring local villagers for a
mine.
There is an unusual symbiosis between Mount Kare and the Bougainville
copper mine, since it was also in 1988 that Bougainville Copper, which
is also controlled by Rio, suffered the first of a series of explosions
that led to the closure of what was then one of the largest copper mines
in the world. Those explosions, of the power pylons leading to the
mine, were the start of the insurrection that led to the mine closure by
mid-1989.
For Stephen Promnitz, formerly with Kingsgate Consolidated and who now
runs Indochine Mining, which is trying to develop the Mount Kare
deposit, PNG presents few new challenges since he cut his teeth as a
geologist at Mount Kare. ''With the newly elected government, PNG is in a
de-risking phase,'' Promnitz said of the political risk in the country,
after the recent changes in Port Moresby.
Indochine is finalising its pre-feasibility study for a prospective $120
to $150 million mine project and has hired a Melanesian Fijian, George
Niumataiwalu, to help win over local landowners. He is credited with
taking the Hidden Valley resource to a completed project for its owners,
Harmony and Newcrest Mining.
At Mount Kare, a 1.8 million ounce resource grading an average 1.9 grams
of gold a tonne, including a 700,000 high grade zone at 3.7 grams a
tonne, developing a modest-sized mine producing 100,000 to 150,000
ounces a year over an initial seven- to eight-year mine life would
appear straightforward. With any luck, it will be the first step in a
larger operation.
As Niumataiwalu has put it when talking to the Mount Kare landowners of
the present gold resource: ''We don't know if we have the ear, the leg
or the hindquarters, but we are looking for a big pig.''
Niumataiwalu is keen to pursue the ''Melanesian way'' with any
development of the Mount Kare resource - working with local villagers to
ensure they are supportive as the mine plans proceed - to try and avoid
any last minute surprises that could derail the project and stall it
for another 25 years.
The Melanesian way is also getting a workout with Semple for his plans
on Bougainville where, for Rio Tinto, a resumption of mining may not be
simple, since opposition remains deeply entrenched in some quarters.
Last month, senior managers at Bougainville Copper met landowner groups
with a stake in the Panguna mine area for a further round of meetings,
and they remain optimistic of winning and maintaining broad support for a
resumption of operations.
At the same time, the Bougainville government is trying to corral all
the landowner groups to sit at the table to cut a deal with Bougainville
Copper, although it is far from clear what the position of Rio, with
its dominant 70 per cent stake in the copper company, will be to any
proposal to resume mining.
Work to redefine the size of the ore body as a precursor to any mine
development work is under way, and last month the head of Rio's copper
division, Jean-Sebastien Jacques, joined the Bougainville Copper board.
But with an estimated $3 billion price tag, any progress in resuming
mining will be slow and will need more than just the backing of the
central government to get off the ground.
Bougainville Copper is saying nothing publicly at present as it waits
for landowner groups to reach some unity with the Bougainville and
central governments on a resumption of mining - a process that could
happen quickly, or could be several months away, at best.
But the political risk to any large project on Bougainville cannot be
underestimated since the Autonomous Bougainville Government still plans
to hold a referendum on secession by 2020 which, if it were to proceed,
would scuttle any prospects for a resumption of mining any time this
decade, and beyond.
Immer mehr Printpublikationen werden auf BOC aufmerksam,das wird sich m.M. nach noch gewaltig steigern wenn das nächste JSB Meeting terminiert, bzw. die BCA Review beschlossen sein wird.
http://www.missio.com/medien/cfb35b9d-b92d-49bb-bb21-227c747…
http://www.missio.com/medien/cfb35b9d-b92d-49bb-bb21-227c747…
JSB meeting between October 10-23
http://www.postcourier.com.pg/20120910/mohome.htm
Ein überschaubarer Zeitrahmen von 4-6 Wochen,der genaue Termin muss lediglich noch mit PM Peter O`Neill abgestimmt werden, aber warum eigentlich??? Könnte das ein Hinweis darauf sein dass er persönlich an dem JSB Meeting teilnehmen will,ansonsten könnten die "unteren Chargen" das Datum doch selbständig festlegen,so wie sie es bis jetzt immer getan haben? Oder ist seine Präsenz zwingend erforderlich um die Uebertragung der BCL Shares ans ABG zu offizialisieren?
"The proposed dates were set following a preliminary discussion on the Referendum and Autonomous arrangements review of the Autonomous Region of Bougainville held in Buka last Thursday.
Nachdem schon vorbereitende Gespräche zwischen den Parteien letzte Woche in Buka stattgefunden haben u. mit O`Neill & Co eine stabile Mehrheitsregierung (94:26) in PNG im Sattel sitzt sollte man diesmal davon ausgehen können dass das JSB Meeting wie geplant stattfinden wird und die langersehnte "Miningpower" endlich an das ABG übertragen wird. Zumindest "Mr Zurenuoc also said Prime Minister Peter O’Neill has also thrown his support on these discussions." lässt O`Neills Zustimmung erwarten.
Ab Morgen starten die nächsten Parlamentssitzungen des ABG in Buka,ein historischer Moment für Bougainville da zum ersten Mal in der Geschichte auch alle 4 Mps vereint daran teilnehmen sollen.Im Anschluss daran sollte dann "Happy Man Momis" seine langerwartete Pressekonferenz abhalten.Gut möglich dass auch er noch eine positive Ueberraschung bereithält.Dies könnte eine Einladung an BOC zur BCA Review sein, liess doch PC verlauten dass dafür nur die Zustimmung von PNG (O`Neill) erforderlich ist,u. die könnte Momis sich vorletzte Woche in POM abgeholt haben.
Jetzt könnte alles auch mal ganz "Unexpected" schnell gehen und die Zauderer durch positive Nachrichten überrascht werden.;-)))))))))
By WINTERFORD TOREAS
THE long-awaited Joint Supervisory Body (JSB) meeting between the Government of PNG and the Autonomous Bougainville Government is set to take place next month.
This is according to the PNG Government chief secretary Manasupe Zurenuoc.
Mr Zurenuoc proposed that this meeting should take place between October 10-23.
He said he would now hold discussions with Prime Minister Peter O’Neill to set the exact date for the proposed timeframe for the JSB meeting to convene.
The proposed dates were set following a preliminary discussion on the Referendum and Autonomous arrangements review of the Autonomous Region of Bougainville held in Buka last Thursday.
This one-day discussion was held between the PNG Government officers led by Mr Zurenuoc and their counterparts from the ABG.
Mr Zurenuoc also clarified that the JSB meetings were not held towards the end of last year due to the political instability faced by PNG.
This was following the unceremonious dumping of Sir Michael Somare and the election of Peter O’Neill as the new Prime Minister.
The last JSB meeting was held in February last year.
The JSB is made up of leaders from both the PNG Government and the ABG. It is through this meeting that important issues like the drawdown of powers and functions from PNG to the ABG are discussed.
Meanwhile, the announcement by Mr Zurenuoc for the JSB meeting to convene is a welcome sign for many positive changes to take place in Bougainville.
Many Bougainvilleans have been criticising the ABG leaders, saying there was lack of progress towards full autonomy taking place. They said this was because there had been no JSB meeting held since early last year.
http://www.postcourier.com.pg/20120910/mohome.htm
Ein überschaubarer Zeitrahmen von 4-6 Wochen,der genaue Termin muss lediglich noch mit PM Peter O`Neill abgestimmt werden, aber warum eigentlich??? Könnte das ein Hinweis darauf sein dass er persönlich an dem JSB Meeting teilnehmen will,ansonsten könnten die "unteren Chargen" das Datum doch selbständig festlegen,so wie sie es bis jetzt immer getan haben? Oder ist seine Präsenz zwingend erforderlich um die Uebertragung der BCL Shares ans ABG zu offizialisieren?
"The proposed dates were set following a preliminary discussion on the Referendum and Autonomous arrangements review of the Autonomous Region of Bougainville held in Buka last Thursday.
Nachdem schon vorbereitende Gespräche zwischen den Parteien letzte Woche in Buka stattgefunden haben u. mit O`Neill & Co eine stabile Mehrheitsregierung (94:26) in PNG im Sattel sitzt sollte man diesmal davon ausgehen können dass das JSB Meeting wie geplant stattfinden wird und die langersehnte "Miningpower" endlich an das ABG übertragen wird. Zumindest "Mr Zurenuoc also said Prime Minister Peter O’Neill has also thrown his support on these discussions." lässt O`Neills Zustimmung erwarten.
Ab Morgen starten die nächsten Parlamentssitzungen des ABG in Buka,ein historischer Moment für Bougainville da zum ersten Mal in der Geschichte auch alle 4 Mps vereint daran teilnehmen sollen.Im Anschluss daran sollte dann "Happy Man Momis" seine langerwartete Pressekonferenz abhalten.Gut möglich dass auch er noch eine positive Ueberraschung bereithält.Dies könnte eine Einladung an BOC zur BCA Review sein, liess doch PC verlauten dass dafür nur die Zustimmung von PNG (O`Neill) erforderlich ist,u. die könnte Momis sich vorletzte Woche in POM abgeholt haben.
Jetzt könnte alles auch mal ganz "Unexpected" schnell gehen und die Zauderer durch positive Nachrichten überrascht werden.;-)))))))))
By WINTERFORD TOREAS
THE long-awaited Joint Supervisory Body (JSB) meeting between the Government of PNG and the Autonomous Bougainville Government is set to take place next month.
This is according to the PNG Government chief secretary Manasupe Zurenuoc.
Mr Zurenuoc proposed that this meeting should take place between October 10-23.
He said he would now hold discussions with Prime Minister Peter O’Neill to set the exact date for the proposed timeframe for the JSB meeting to convene.
The proposed dates were set following a preliminary discussion on the Referendum and Autonomous arrangements review of the Autonomous Region of Bougainville held in Buka last Thursday.
This one-day discussion was held between the PNG Government officers led by Mr Zurenuoc and their counterparts from the ABG.
Mr Zurenuoc also clarified that the JSB meetings were not held towards the end of last year due to the political instability faced by PNG.
This was following the unceremonious dumping of Sir Michael Somare and the election of Peter O’Neill as the new Prime Minister.
The last JSB meeting was held in February last year.
The JSB is made up of leaders from both the PNG Government and the ABG. It is through this meeting that important issues like the drawdown of powers and functions from PNG to the ABG are discussed.
Meanwhile, the announcement by Mr Zurenuoc for the JSB meeting to convene is a welcome sign for many positive changes to take place in Bougainville.
Many Bougainvilleans have been criticising the ABG leaders, saying there was lack of progress towards full autonomy taking place. They said this was because there had been no JSB meeting held since early last year.
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