Bougainville Copper Limited, or BCL, is a subsidiary of Rio Tinto.
Last month the President of the European Shareholders of Bougainville Copper (ESBC) Axel Sturm publicly raised concerns over the volatility of BCL’s share prices. In an interview with PNG Industry News, he blamed political uncertainty in Papua New Guinea for BCL’s current woes.
However, perhaps the ESBC’s President needs reminding, the greatest threat to BCL’s future remains its unacknowledged past. Despite revelations aired on SBS last year, which evidenced BCL’s complicity in the brutal security force operations on Bougainville, BCL and the ESBC continue to play down the company’s instrumental role in the conflict.