Search results for "Panguna"

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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Women protest against Panguna reopening

The women, supported by youths, men and children, were disputing the signing of the Memorandum of Agreement (MOA) between the Autonomous Bougainville Government (ABG) and Panguna landowners. This will see Bougainville Copper Limited (BCL) return to reopen the Mine before June 2019.
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New Zealander details Panguna involvement 28 years on

In 1988, before civil war broke out in Bougainville, New Zealander Martin Ward was there, leading a team studying the impacts of the contentious Panguna copper mine (controlled by Rio Tinto). Panguna had been operating for about 20 years and generating a lot of money for Rio Tinto and the Papua New Guinea Government but doing little for the people of Bougainville, especially those around the mine.
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Rio Tinto to quit Bougainville’s Panguna mine

After many years of majority ownership of the Bougainville's Panguna mine, Rio Tinto has announced the sale of its majority stake in Bougainville Copper Ltd (BCL) to an Australian equity investment company. It would then be shared between the country's Autonomous Government (ABG) and that of Papua New Guinea. If one or other doesn't take up the "offer" BCL could then be sold to a third party.
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