Search results for "Bougainville"

Bougainville: Moratorium re-confirmed on Panguna mine

The long-lasting, intense, debate over a re-opening of the ill-fated Panguna copper-gold mine (formerly owned by Rio Tinto) in Bougainville, seems to have reached an interim resolution. (See: Bougainville announces moratorium on Panguna mine ). PNG Industry News has now confirmed that: "The doors to Bougainville Copper Mines (BCL) and RTG Mining - both anxious to redevelop the mine which has been closed since 1989 - have now been firmly shut by President John Momis".
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Bougainville Copper: will it get to play again?

When the great - no doubt sometimes also good, but frequently woefully ignorant - among mining outfits (and their desk-bound investment advisors) look at a risk-laden, problematic, prospect like Bougainville Copper Ltd's Panguna mine, any upturn in commodity markets are apt to be heralded as a golden opportunity.
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Bougainville to continue pursuit of Rio Tinto

The President of Bougainville, John Momis, says his government is going ahead with legal action against mining giant Rio Tinto over the destruction caused by the Panguna mine. Rio Tinto was the majority owner of Bougainville Copper Ltd, which ran the mine for 20 years before it was shut down by a civil war, fostered by environmental and social damage attributed to the mine.
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