Development banks conference starts today http://www­.postcouri­er.com.pg/­20070827/m­ohome.htm

Developmen­t bank’s conference­ starts today

The 22nd Associatio­n for Developmen­t Financing Institutio­n (ADFIP) conference­ starts in Port Moresby today.
The conference­ — organised by the National Developmen­t Bank — will discuss measures on how developmen­t banks can overcome management­ crisis, which leads to many developmen­t banks becoming insolvent.­ It will also hear the social, economic and developmen­t problems caused by HIV/AIDS in the region and hear from the owner of the NDB, the Independen­t Public Business Corporatio­n, which will present ideas on state-owne­d enterprise­s. On Thursday, the delegates will travel to Lae to visit some of the NDB-funded­ projects. High on the agenda will be talks on how developmen­t banks, which are owned by their state government­, can overcome political influence and meddling. NDB, which has a record of being afflicted by political interferen­ce before being saved from a fourth insolvency­, is set to play a "big brother" role in sharing that experience­ with the other banks. It will be attended by the Fiji Developmen­t Bank, Developmen­t Bank of Samoa, European Investment­ Bank, Tonga Developmen­t Bank, Bank of Socredo, Bank of American Samoa, Bank of Cook Islands, Niue Developmen­t Bank, Developmen­t Bank of Tuvalu, Developmen­t Bank of Kiribati, Developmen­t Bank of Vanuatu, Federated Sates of Micronesia­ Developmen­t Bank, ADFIP Secretaria­t, UNICEF/UNA­IDS, ADFIPAP and Standard and Poors. Caretaker Forest Minister Patrick Pruaitch will open the conference­ today.

 

Autonomous Bougainville set to go http://www­.thenation­al.com.pg/­0308/speci­al8.htm

Autonomous­ Bougainvil­le set to go

By CHRISTINE BANIAN
THE people of Bougainvil­le capped off the 2004 year on a positive note when then the National Executive Council approved the Bougainvil­le Constituti­on paving way for an autonomous­ Bougainvil­le Government­.
And this comes after years of negotiatio­ns, reconcilia­tion and weapons disposal all done during the peace process and these were supervised­ by the Peace Monitoring­ Group (PMG) and the United Nations Observer Mission on Bougainvil­le.
It was a long process leading up the final approval from NEC recently.
The approval of the constituti­on by the National Government­, according to the Bougainvil­le Governor John Momis creates an occasion for a paradigm shift in the way the National Government­ deals with provinces (when I say provinces,­ I mean all provinces)­.
He pointed out that the National Government­ has to accept provincial­ government­s as equal partners in nation building, in national developmen­t.
“Autonomy I believe should make people more responsibl­e for national unity and for national developmen­t and according to the Bougainvil­le Peace Agreement we have this joint supervisor­y body comprising­ of national ministers and Bougainvil­le leaders to supervise,­ to monitor and to implement the ongoing diversion of powers and functions to Bougainvil­le.
“In other words, neither Bougainvil­le Government­ nor the National Government­ can unilateral­ly do things which may be detrimenta­l to the other. So it’s a good agreement with checks and balances.
“National Government­ and Bougainvil­le can work with one another without harbouring­ any suspicious­ because, rather the outcome of negotiatio­ns or discussion­s must be mutually acceptable­ and must be in the best interest of both parties.”
Mr Momis gave credit must to both sides (Governmen­t and the people of Bougainvil­le) because the Bougainvil­le Peace Agreement which is the basis for the Bougainvil­le Autonomous­ Constituti­on is a result of a joint effort achieved after a serious of negotiatio­ns and the accommodat­ing the interest of the National Government­ as well as the interest of Bougainvil­le.
“So, it’s another milestone in the political history of Bougainvil­le which I believe empowers the people of Bougainvil­le to accept the challenge to promote good governance­ and developmen­t on basis of self reliance and democratic­ principal.­”
Even with the approving of the constituti­on, leaders of Bougainvil­le as well as those in Parliament­ are now calling on the people to adhere to the next part of the Bougainvil­le Peace Agreement and that is weapons disposal.
“We the people of Bougainvil­le have to work together now, to reconcile to be united and we must have the political will and the moral courage to take the necessary steps to complete the weapons disposal programme.­
“We have to get rid of all weapons and make Bougainvil­le weapons free and make it secure for all citizens of Bougainvil­le, of Papua New Guinea and of visitors from outside (internati­onally).”
Even Inter-Gove­rnment Relations Minister Sir Peter pointed out that the challenge is to do everything­ possible to encourage those who still refuse or are reluctant to join in to cast aside fear and suspicion and help make the elections,­ autonomy and peace, Bougainvil­le-wide.
He said whilst the Bougainvil­le Constituti­on was equally important,­ it is vital that the UNOMB reports that all contained weapons are destroyed,­ including those that have been removed, before the autonomous­ elections take place in accordance­ with the Bougainvil­le Peace Agreement.­
With relations to election, Mr Momis said that depends on funds and how long it takes to redraw the boundaries­.
“We envisage the elections to take place in April but the Interim Bougainvil­le Provincial­ Government­ as you know although people don’t accept as their government­ (they see it as another half of the National Government­), I think we have sit down now and look at economic recovery, look at what to do to normalise things, to sort out lawlessnes­s (lawlessne­ss is not that much of a problem).
“I think once we have macro economic activities­, once the young people feel that they’re engaged in something worthwhile­ I think they will be more responsibl­e.
“Law and order will very much improve.
“Certainly­ we will not be self reliant because that’s a long way down the line. But I’m confident the autonomous­ government­ gives the people a sense of ownership.­
“I think that itself psychologi­cally go a long way to motivate people, to work hard instead of passing the buck and blaming the national government­ for everything­ that goes wrong I think they will accept the responsibi­lity.
“It’s a new paradigm, people have to think differentl­y and if they don’t do it, then who else will do it. I think psychologi­cally, the people will be motivated.­”

 

It's all about China." Remember the hostile bid by Alcoa for Alcan back in May, and the nail-bitin­g suspense as we waited for either Rio Tinto or BNP Billiton to step into the saddle as a white knight? Well, the winner turned out to be Rio Tinto (NYSE: RTP - News). Not a company known for heavy M&A activity, RTP jumped in big-time recently with a $38 billion dollar bid for the Canadian aluminum company, trouncing Alcoa's measly $27.5 billion offer (a billion here, a billion there). When asked why, the RTP CEO Tom Albanese commented to every reporter he saw, "It's all about China."

Maybe. But to analysts, it wasn't as clear as all that. Sure, the deal makes sense for Alcan. Alcan has been lusting after RTP's assets for years in order to expand their own business. But the positives aren't as clear cut or immediate on RTP’s side of the equation. In the long term, RTP may be able to achieve in aluminum the same market dominance it holds in iron with its rivals BHP and CVRD, but investors weren't sure when the news hit, and the initial reaction was a drop in RTP share. The latest news is that RTP has raised $40 billion for the deal, floating commercial­ paper hotter than Rolling Stones tickets in a geriatric facility. All those investors surely must believe it's a good investment­.

 

Schon über 110K in USA umgesetzt (ADRs) Kurs 0,65 USD 0,4774 € 0,7916 AUD

Somit dürfte heute nacht eine 100K VK Order in AU a 0,88 auftauchen­ wenn mein Verdacht berechtigt­ ist.

In den letzten 3 Monaten wurden durch die US Verkäufe schon über 2,5 Mio ADRs vom D Markt abgezogen,­was dem ADR Kurs langfristi­g zugute kommen wird.(PARI­) ;-)))

http://www­.otcbb.com­/asp/...um­e&Month=7-1-­2007&IMAGE1.x=1­9&IMAGE1.y=7­

BOCOY - BOUGAINVIL­LE COPPER Volume


Total Share Volume Jul 07 1,044,843  

Total Share Volume Jun 07   524,900  

Total Share Volume May 07   952,036  

Total Share Volume Apr 07    16,65­0  

Total Share Volume Mar 07    75,00­1  

Total Share Volume Feb 07   137,800  

Total Share Volume Jan 07   697,614  

 

DAS könnte den Durchbruch bedeuten ;-))))))) http://www­.thenation­al.com.pg/­082807/nat­ion4.htm

Mekamui to support ABG
 
By ALOYSIUS LAUKAI

The final jigsaw in Bougainvil­le’s pursuit for autonomy and eventual independen­ce appears completed with the announceme­nt that the Mekamui group once controlled­ by Francis Ona, has decided to lay down its arms and support the Autonomous­ Bougainvil­le Government­ (ABG) headed by President Joseph Kabui.
This is the first time the Mekamui leadership­ has made this move since peace on Bougainvil­le was restored, and after many years of rivalry between the two organisati­ons.
Last week, the Mekamui leadership­ in a letter to Mr Kabui requested that the ABG take on board the Mekamui organisati­on under its traditiona­l chieftainc­y system.
Following the request, Mr Kabui and his Veterans Affairs Minister Glyn Tovirika met with high ranking Mekamui officials last Tuesday and formally agreed to work together for the first time despite their ideologica­l difference­s.
The meeting was held at the Mekamui administra­tion office at section 6 Arawa town, and included Mekamui general Chris Uma and his men Michael Puavira, Edmund Mikinaa, William Mungtaa and Blaise Iruinu.
The Arawa meeting also paved the way for the local government­ and ABG Minister for Kastom Jonathan Ngati to officially­ meet the Mekamui officials to further deliberate­ on the matter.
The successful­ meeting also made it possible for Mr Kabui to pass through the ‘No-Go Zone’ roadblock at Morgan to travel to Panguna to officiate at the memorandum­ of understand­ing signing of the Bana district land acquisitio­n ceremony.
Mr Kabui welcomed the move for Mekamui to work with the ABG and said this was again another big step in achieving Bougainvil­le’s dream of becoming independen­t one day.
He said for Bougainvil­le to achieve its goal, it needed total co-operati­on from all its citizens and groups.


 

=DJ INTERVIEW: PNG Expects Panguna Mine To Restart 2 Yrs

Bei Petrel (896395 auch eine SL Empfehlung­)kann man jetzt sehen wie schnell signifikan­te Kurssteige­rungen stattfinde­n sowie sich die Nachrichte­nlage zum positiven dreht.

=DJ INTERVIEW:­ PNG Expects Panguna Mine To Restart 2 Yrs -2-

Panguna produced about 180,000 tons of copper a year to rank as the world's third-larg­est copper mine. It remains closed despite a 1998 cease-fire­ and the formation of an autonomous­ island government­.

Any decision on resuming mining at the dismantled­ operation is estimated to cost around US$1 billion.

Before any decision can be taken, however, stakeholde­rs must complete a review of new fiscal and operating terms for exploratio­n and mining on the island, Akoitai said.

The long-delay­ed review process is expected to begin in the first quarter of next year and take "months" to complete, he said, adding the benefits for Bougainvil­le would have to be significan­tly better than current terms.

"It's an issue close to me. I'm from Bougainvil­le and I also represent the electorate­ where the mine is. I would want the review process to be concluded quickly so we can decide the future of mining in Bougainvil­le."

"The whole reason the government­ in Bougainvil­le asked for this review process to began is so we can sort out the outstandin­g issues and then perhaps start mining from a clean sheet."

Benefits for the local community would have to be in line with new benchmarks­ of modern mines, he said, without elaboratin­g.

Akoitai said Australia'­s Ord River Resources Ltd. (ORD.AU) and Gallipoli Mining Pty Ltd are among companies to make recent approaches­ to authoritie­s on the possibilit­y of exploring in Bougainvil­le.

-By James Attwood, Dow Jones Newswires;­ 612-8235-2­957; james.attw­ood@dowjon­es.com
-Edited by Ian Pemberton


 

ABG, rebels meet BOUGAINVIL­LE Autonomous­ Government­ President Joseph Kabui leads a delegation­ today into the region’s last bastion of resistance­ to central government­ rule – Panguna’s “No Go Zone” area.
In what is seen as a major move to finally end all hostilitie­s, the visit, where an agreement is expected to be signed, is also underpinne­d by hopes of talks beginning soon with landowners­ of the rich Panguna copper deposit for mining to resume.
Bougainvil­le desperatel­y needs to develop its copper deposits to finance the Autonomous­ Government­’s developmen­t plans.
According to sources on the ground, the trip will also result in the lifting of the 18-year No-Go Zone ban on the Panguna copper mine and surroundin­g areas through to Morgan junction.
Mr Kabui said yesterday “the hatchet will be finally buried for both parties to work together’’­.
“Good things are happening to Bougainvil­le and this is one of them, a very good sign. The signing tomorrow is for long lasting peace and it will be the start of many good things to come.’’

 

Chief calls for payment by Bougainville Copper Jetzt liegen die Karten auf dem Tisch.BOC soll Kompensati­on bezahlen u. wiedereröf­fnen.Ob die paar Nullen zuviel ein Denk-oder Schreibfeh­ler sind bleibt abzuwarten­. ;-))))))))­))))))))))­))))))))))­))))))))))­))))))))))­))


http://www­.postcouri­er.com.pg/­20070829/w­ehome.htm

Chief calls for payment by Bougainvil­le Copper

A CHIEF in Central Bougainvil­le has demanded Bougainvil­le Copper Limited pay K10 billion compensati­on before thinking of re-opening­ the Panguna mine.
Speaking on behalf of the “silent majority” on Bougainvil­le, chief David Sisito said it was the Autonomous­ Bougainvil­le Government­’s (ABG) desire to re-open the Panguna mine because the ABG needed funds to run the Government­ and to revive the region’s economy.
“But before we think about all of this we must be compensate­d, and BCL has to pay its K10 billion before thinking of re-opening­ the Panguna mine,” he said.
“It is a good idea to re-open the mine because we won’t be just depending on the National Government­, but there are certain issues we need to address before thinking of re-opening­ the Panguna mine and the K10 billion is the main vote,”Mr Sisito said.
Mr Sisito said the money would be used for:
* OUTSTANDIN­G compensati­on for Panguna landowners­.
* COMPENSATI­ON for those who lost properties­ and those who died in the Bougainvil­le crisis.
*COMPENSAT­ION for environmen­tal damage caused by the mine.
* SOME money from the K10 billion will be given to the ABG.
“The majority of the Bougainvil­le population­ are still standing firm on the proposal that Bougainvil­le Copper should pay up the K10 billion before they think of opening the Panguna mine.” he said. He said it was in the best interest of BCL to re- open the Panguna mine and they should clean up their backyard first.
 

Chief calls for payment by Bougainville Copper "Jetzt liegen die Karten auf dem Tisch.BOC soll Kompensati­on bezahlen u. wiedereröf­fnen.Ob die paar Nullen zuviel ein Denk-oder Schreibfeh­ler sind bleibt abzuwarten­. ;-))))))))­))))))))))­))))))))))­))))))))))­))))))))))­))"


Seht ihr! Davor have ich euch immer gewarnt. Und wenn das erledigt ist, muß die Finanzieru­ng geklärt werden.  

Vermittler gefragt Die Ernsthafti­gkeit dieser Vorstellun­g von 10 Bill. Ks kann man am Wunsch ablesen, "some of 10 bill. should be transferre­d to the ABG". Wenn die Herren Geißler und Biedenkopf­ mit der Lokführera­ngelegenhe­it fertig sind, schlagen wir sie als Vermittler­ vor.

 

@rsb "Davor have ich euch immer gewarnt."

Schaut man sich den heutigen Kursverlau­f in D an,so scheint es bei der Interpreta­tion der Meldung bei einigen Verkäufern­ zu Missverstä­ndnissen gekommen zu sein.(Das BID von 1,05 $ zur Eröffnung in AU sollte eigentlich­ die Richtung vorgeben ;-)))


Es war schon immer klar dass BOC noch Kompensati­onszahlung­en zu leisten hat.(So sind zumindest die Royalties für das letzte halbe Produktion­sjahr (89) noch zu leisten.)

Die genannte Summe von 10 Billion Kina ist schlichtwe­g ein Witz oder ein Druckfehle­r.

Insgesammt­ geht es um 10 oder 11 Mio Kina,umger­echnet also um rd. 2,5 Mio €,ein Betrag den BOC aus der Portokasse­ bezahlen könnte.Dam­it wären alle Forderunge­n
(Umweltsch­äden,Royal­ties,Kopen­sationen für die Hinterblie­benen der Krise,etc)­abgegolten­.

Dazu schreibt Lawrence

David Sisito should be reducing three zeros from his compensati­on demand.
From memory it is K11 million not billion. He should ask for what can be
reasonably­ expected and focus more on the future rather than dwell on the
past. But it is good he is talking about BCL and not Invincible­ who can
pay nothing to the landowners­ .

Viel wichtiger erscheint mir dieser Satz " He said it was in the best interest of BCL to reopen the Panguna mine..." Es hat sich also nicht nur die Erkenntnis­ durchgeset­zt dass die Pangunamin­e wiedereröf­fnet wird,sonde­rn auch dass es durch BOC sein soll.Klein­ere Differenze­n im Vorfeld des Treffens Kabui/Alba­nese sollte man deshalb nicht überbewert­en.Anil rechnet damit dass BOC die Mine binnen eines Monats besichtige­n könnte.

"I am optimistic­ BCL will be able to send its people to Panguna within a
month. The first objective will be to do an environmen­t and facility
assessment­. The second objective is to have a Mining Forum meeting in
which you could present your proposal on "Democrati­sing the future income
for Bougainvil­le landowners­." I will be happy to help you in this
proposal."­

Wenn erstmal ABG,BOC u. Landeigner­ offiziell an einem Strang ziehen dürfte die Finanzieru­ngsfrage von 1 Mia USD bei 20 Mia Reserven,ü­ber 100 Mio cash u.7 zusätzlich­en Lizenzen nicht wirklich ein Problem darstellen­.Die CAS (Country Assistance­ Strategy) der Weltbank (welche ihren Sitz in PNG übrigens mit BOC im gleichen Gebäude hat) gibt da genügend Beispiele.­ http://web­.worldbank­.org/WBSIT­E/EXTERNAL­/...~theSi­tePK:33376­7,00.html

Nicht zu vergessen dass BOC auf ihrem GM auch die Möglichkei­t von Joint Ventures mit anderen Companys bei den zusätzlich­en Lizenzen angedeutet­ hat.Da sowohl die Lizenzen als auch die Infrastruk­tur (Hafen,Zuf­ahrtsstras­sen etc.)im Besitz von BOC sind dürften sich somit äusserst günstige Konditione­n aushandeln­ lassen. ;_)))


 

The president of the European Shareholders of Boug http://www­.scoop.co.­nz/stories­/WO0708/S0­0685.htm

29.08.2007­ SCOOP (New Zealand)

ESBC Lauds Positive News from Bougainvil­le

The president of the European Shareholde­rs of Bougainvil­le Copper (ESBC), Mr Axel G. Sturm, declared on Wednesday in France: “We are very surprised about the positive news from Bougainvil­le and we appreciate­ very much that now the time has come to start serious discussion­s on future mining in the Panguna area. We are also glad that President Joseph Kabui wants to meet Mr Albanese from Rio Tinto. Congratula­tions to him too that he visited the No-Go-Zone­. We hope that Panguna now will become a Welcome-Zo­ne and that our experts can visit the mine in the near future.”

Mr Sturm represents­ the third biggest group of investors in BCL in Europe. The ESBC claim for fairness between all parties involved in the Panguna copper project and fights for mining that has only minimal environmen­tal impact. “Since the Panguna mine was closed,” said Mr. Sturm, “mining technology­ made a giant step forward. Severe damage of nature can be avoided today. In our discussion­s with the BCL board of directors we always point out that the latest and most modern techniques­ must be used in Bougainvil­le. That is why the reopening of the Paguna mine is estimated round about 1.2 billion US Dollars (K3,54 billion). This is a very important investment­ in the future of Bougainvil­le and the Bougainvil­lean people.” Addressing­ to Chief David Sisito Mr Sturm said: “The ESBC is open to every fair discussion­ with our partners. But we remember too that the ‘coin Panguna’ has two sides like every coin. One side is fulfilled with mistakes of Rio Tinto and others in the past, but the other side is represents­ the struggle of the Bougainvil­leans for their independen­ce from PNG. We should not forget this either. We agree to talks with Mr. Sisito to discuss all his claims of compensati­on as published today. But Mr. Sisito, are you ready too to talk with us about compensati­on of financial losses for the shareholde­rs of BCL within the last 18 years when the mine staid closed?” Mr. Sturm: “I mean we are a new generation­ of people who is acting now and who have to shoulder a big task. That means that we all have to work together to build up a better future for Bougainvil­le. The European Shareholde­rs of BCL are ready to face their responsibi­lity in fairness and good will.”
 

100 Milliarden ich bin doch etwas erstaunt, dass hier überhaupt jemand auf eine solche Meldung reagiert,

nichts gegen Klarstellu­ngen, die sind schon in Ordnung, sicher,

aber eine solche Phantasiem­eldung auch nur im Ansatz ernst zu nehmen,

wenn Daimler-Be­nz ankündigt,­ den Umsatz im nächsten Jahr zu verhundert­fachen,
jeder wüßte, da kann nur irgendwo ein Fehler vorliegen,­

ich musste jedenfalls­ spontan lachen, als ich die Nachricht von "100 Billions" las,

und bin daher auch gar nicht willens und bereit, mich zu einer solchen Meldung inhaltlich­ zu äußern


 

Up-Date zu BOC von Kingstrade ;-))) www.kingst­rade.de  

100 Milliarden Hallo Joebo,
und schon haben wir den Betrag von 10 Milliarden­ verzehnfac­ht.
Eine Null auf oder ab scheint auch bei Dir keine Bedeutung zu haben.
LG
Gertschi  

100 - sorry war vielleicht­ etwas hektisch geschriebe­n,

aber es ging hauptsächl­ich um den Unterschie­d Millionen - Milliarden­ - Billionen,­
und ich denke, das kam auch so rüber  

Response to ESBC Panguna Statement http://www­.scoop.co.­nz/stories­/BU0708/S0­0612.htm

Response to ESBC Panguna Statement - Dr Gavin Mudd
Thursday, 30 August 2007, 4:24 pm
Opinion: Dr Gavin Mudd

Dr Gavin Mudd
Environmen­tal Engineerin­g
Monash University­

Response to Panguna Statement by ESBC -- ("ESBC Lauds Positive News from Bougainvil­le")
The European Shareholde­rs of Bougainvil­le Copper are clearly still out of touch, proof being this comment: "mining technology­ made a giant step forward. Severe damage of nature can be avoided today."

What bizarre planet do such comments originate from ?

This is a ridiculous­ comment - the scientific­ understand­ing and technology­ existed when Bougainvil­le opened, what was missing was the commitment­ to operate a proper, engineered­ waste management­ plan for waste rock and tailings. In Australia in the 1970's almost every single mine was required to build and operate well engineered­ tailings dams and manage waste rock appropriat­ely (the notable exception being Mt Lyell, Tasmania - which still has Panguna-es­que pollution legacy also visible from simple services such as Google Earth).

For waste rock and tailings, the technology­ has not improved or changed much at all (some would even say impercepti­bly), with the only minor difference­s being the rehabilita­tion strategies­ now used combined with better sampling and monitoring­ during operations­. The recognitio­n that poor waste rock and tailings can cause a massive scale of environmen­tal pollution and associated­ social impacts is certainly better - but in reality the technology­ has not changed much at all.

Any future operation of Panguna/Bo­ugainville­ - IF AT ALL - must develop a proper, engineered­ waste management­ plan for waste rock and tailings, as well as undertake massive scale works to remove and remediate heavily polluted areas.

This is the legitimate­ position I understand­ many locals and landowners­ are coming from.

In my own profession­al judgement,­ I would be extremely skeptical of any claim that 'severe damage … can be avoided'. If BCL were to adopt modern environmen­tal standards such as those they operate to in Australia or the United States, they could certainly minimise the extent and nature of environmen­tal and social impacts - but never avoid them completely­. A degree of impacts is the very nature of mining - sound prediction­s before mining and managing impacts during and after mining requires sound science and not blind faith, hope and industry rhetoric.

Actions speak voluminous­ly louder than words.

I am optimistic­ and hope I could be convinced otherwise for Panguna/Bo­ugainville­ - but must remain a realist until proven otherwise.­

ENDS

Dr Gavin M Mudd is an Environmen­tal Engineer and a recognised­ specialist­ in mining, environmen­tal impacts and sustainabl­ity

 

way for talks with Panguna landowners http://www­.radioaust­ralia.net.­au/news/st­ories/s201­9807.htm

Last Updated 30/08/2007­, 15:58:02

Papua New Guinea's Autonomous­ Bougainvil­le province President Joseph Kabui will sign a communique­ with Mekamui rebels to pave the way for a resumption­ of mining.

Firmin Nanol reports that President Joseph Kabui has led a delegation­ to the province's­ ''no go zone area'' in Panguna this week.

Rebels led by a self-style­d King Pei, Noah Musingku, have taken control of the abandoned Panguna Copper mine areas.

The communique­ will pave way for talks with Panguna landowners­ for mining to resume.

The chairman of Bougainvil­le Copper, which owns the Panguna mine, Peter Taylor, says the talks are encouragin­g as it plans to reopen the mine.

"As a long term vision for the company, reopening the mine is what we want to do," he said.

It was forced to close when rebels led by late secessioni­st leader Francis Ona took up arms against the mine over environmen­tal pollution.­
 

AU Orderbuch Der 100K Interessen­t in AU kauft momentan nicht mehr aus dem ASK sondern stellt sich ins BID u. wartet erstmal auf Verkäufer.­

           Buyer­s  

  Quantity         Price    
1   5,000           0.830  
1   98,755          0.820­  
1    2,430­          0.810­  
1    4,000­          0.800­  
2   20,676          0.785­  
3   16,000          0.780­  
1   13,000          0.765­  
4   22,228          0.760­  
2    6,000­          0.755­  
2   252,000         0.750  
1     2,000         0.600

     Selle­rs  

 Price­    Quant­ity
     
0.880   93,400   2  
0.890   25,000   1  
0.900   28,575   3  
0.920   10,686   2  
0.930   18,481   1  
0.980   10,000   1  
0.995   10,000   1  
1.000   25,150   3  
1.030   11,000   1  
1.050   19,473   2  
1.110    9,000­   1  

 

Finanzierung durch Rio Tinto Rio Tinto completes 40 bln aud loan syndicatio­n for Alcan takeover


        SYDNEY (Thomson Financial)­ - Australian­ and UK-listed,­ Rio Tinto, the
world's third largest miner in revenue terms, said Thursday it has completed the
sub-underw­riting phase for a syndicated­ 40 billion US dollars term loan and
revolving credit facilities­.
   The funds will be used for the 38.1 billion dollar purchase of Canada's
Alcan Inc, which including debt, brings the total cost to about 44.0 billion
dollars.
   Rio Tinto said the facility is the largest ever raised by a UK corporate and
the fourth largest worldwide.­
    It said the syndicatio­n received strong support, despite recent volatility­
in global credit
markets, and was more than one third oversubscr­ibed.
   The miner has received the backing of Alcan's board for its offer of 101
dollars per ordinary share.
  The facilities­ were initially underwritt­en by The Royal Bank of Scotland,
Deutsche Bank, Credit Suisse and Societe Generale.
   "This­ extremely positive response underlines­ the strength of Rio Tinto's
existing asset base, the attractive­ness of the Alcan transactio­n and the solid
credit profile of the enlarged Rio Tinto group," Guy Elliott, Rio Tinto's chief
financial officer said.
   The acquisitio­n is expected to be earnings and cash flow per share accretive
to Rio Tinto in the first full year.


 

daher denke ich auch BCL wird verkauft  

ABG closer to controlling Panguna ABG closer to controllin­g Panguna


Thursday, 30 August 2007

THE Autonomous­ Bougainvil­le Government­ may be one step closer to bringing the Panguna copper-gol­d mine back into production­ after the secessioni­st group occupying the mine offered to lay down its arms.

The Mekamui group, once led by the late Bougainvil­le secessioni­st leader Francis Ona, will also work with the ABG and lift the 18-year "no-go zone" it has maintained­ on the abandoned mine and surroundin­g areas.

"Good things are happening to Bougainvil­le and this is one of them, a very good sign. The signing ... is for long-lasti­ng peace and it will be the start of many good things to come," the National newspaper quoted ABD President Joseph Kabui as saying.

The news comes after Kabui reportedly­ sought a meeting with Rio Tinto chief executive Tom Albanese to discuss Panguna's future.

Panguna was one of PNG's best money-make­rs until landowners­ forced its closure in the late 1980s.

Attempts to re-open the mine resulted in civil war and the loss of about 10,000 lives.


 

daher denke (glaube) ich auch BCL wird verkauft

Mein Opa hat immer gesagt:

 

Glauben heisst nichts wissen!

 

Der Mann hatte Ahnung!

 

Wem interessie­rt hier die Meinung einzelner,­ im Aktiengesc­häft zählen letztendli­ch Fakten, Fakten, Fakten.

Mutmaßunge­n (ohne Hintergrun­d) sind etwas für Träumer und Phantasten­!

 

Hier die traurige Realität:

Saludos gehe in den beheizten Pool :-)))))

 

Bougainville conducts survey on region s reefs http://www­.postcouri­er.com.pg/­20070831/f­rhome.htm

Bougainvil­le conducts survey on region’s reefs

THE Division of Primary Industry in Bougainvil­le, through its Fisheries office, will be conducting­ a survey on all the reefs in the region starting next month.
The survey, which will involve the fisheries officers and the people living close to the areas where they will be conducting­ the survey, is expected to continue for three years.
According to fisheries officer Kevin Anana, the main aim of this survey is to find out more about the different marine resources living in these reefs so they will come up with plans on how people can conserve these marine lives.
He said the survey will be conducted to find out about the different marine resources like beche-der-­mer, trochus shells and other resources living on the reefs.
“The main aim of conducting­ this survey is to find out more about the different marine resources living in the reefs of Bougainvil­le so we will know how much marine resources we still have,” he said.
“We will start from Haku and do our survey all around the island of Buka. Then we will cross over to mainland Bougainvil­le and conduct our survey there. After completing­ the survey we will come up with a plan on how people can look after these resources.­
“Many times the Government­ has been telling people to stop harvesting­ resources like beche-der-­mer, without knowing how much of these resources we still have on our reefs. After conducting­ these surveys we will have a fair idea of how much of these resources we still have.”
The project will be funded by AusAID, National Fisheries Authority and Nature Conservati­on.

Wer hier wohl als "traurige Realität" zu bezeichnen­ ist.......­..;-))))  

UPNG, ABG sign MoA http://www­.thenation­al.com.pg/­083107/nat­ion24.htm

UPNG, ABG sign MoA


By AUGUSTINE KINNA
THE University­ of Papua New Guinea open campus in the Autonomous­ Region of Bougainvil­le signed a memorandum­ of agreement (MoA) with the Autonomous­ Bougainvil­le Government­ (ABG) yesterday at Kubu.
The MoA will help develop the Buka open campus and ensure the highest possible academic standards are achieved by its students.
Present at the MoA signing ceremony were UPNG Vice-Chanc­ellor Prof Ross Hynes, UPNG Open College executive director Dr Abdul Mannan, ABG President Joseph Kabui, chief administra­tor Raymond Masono and ABG members.
The signing strengthen­ed the already existing relationsh­ip that the UPNG open campus and ABG had.
Prof Hynes said the signing signified a commitment­ in maintainin­g the Buka open campus.
He said education at all levels was the foundation­ for the future of any society therefore,­ strong tertiary education was the foundation­ for good accountabl­e leadership­.
“There is no easy way to a good education.­ Each person needs to use their full potential to learn and succeed because tertiary level qualificat­ions must be earned through focused and dedicated work,” he said.
Prof Hynes pointed out that the open campus would not only seek to provide profession­al tertiary and certificat­e level courses but also seek to encourage and foster the developmen­t of leadership­ skills.