Few shareholders would be pleased to read that EPS have declined. “The BCL board and its staff remain committed to continuing our positive working relationships with the people of Bougainville as they look ahead with a sense of renewed hope and optimism,” Mr Togolo said. 30 June 2016. share Rio Tinto has today transferred its 53.8 per cent shareholding in Bougainville Copper Limited (BCL) to an independent trustee. " type='text/javascript'%3E%3C/script%3E")); 0.00% 29.0¢ BOUGAINVILLE COPPER LIMITED - Discussion. Bougainville Copper has a strong local board and management team that knows Bougainville extremely well. In the last year, its revenue is down 30%. Bougainville Copper Limited is an independently-managed company of Papua New Guinea that is publicly listed on the ASX (Australian Securities Exchange). Rio Tinto has today transferred its 53.8 per cent shareholding in Bougainville Copper Limited (BCL) to an independent trustee. MEDIA RELEASE – For Immediate Release 30 September 2020 Rio Tinto’s readiness to enter talks with key stakeholders about social, Inaugural or maiden speech by Bougainville President – Hon Ishmael Toroama Inaugural Speech Bougainville President Hon Ishmael Toroama 29.09.2020. BOUGAINVILLE COPPER LIMITED; Viewed 10,240 times by 3014 users (Last 30 days) Created with Sketch. Men discuss the new project in Papua New Guinea 10:35. 0.00% 29.0¢ BOUGAINVILLE COPPER LIMITED. Market Cap $116.3M ! In accordance with the existing management agreement with BCL, Rio Tinto will today give the required six months’ notice to terminate the arrangement. The Bougainville Copper Project in the then Territory of Papua New Guinea ran from 1966 to 1973 and cost some US$350 million. Computers tabulate the needs for materials and labor 11:52. Bougainville Copper Limited, Bougainville Island, Papua New Guinea. "); And the impression is worse when you consider revenue is down year-on-year. This ensures both parties are equally involved in any consideration and decision-making around the future of the Panguna mine. Equity Trustees Limited will manage the distribution of these shares between the Autonomous Bougainville Government (ABG) for the benefit of all the Panguna landowners and the people of Bougainville, and the Independent State of Papua New Guinea (PNG). Rio Tinto releases BCL shares to independent trustee, The European Shareholders of Bougainville Copper (ESBC). BCL operated the copper, gold and silver mine at the Panguna mine on Bougainville Island in PNG from 1971 to 1989. Bougainville Copper (ASX:BOC) Is In A Good Position To Deliver On Growth Plans. The board is led by chairman Sir Melchior Togolo, a prominent Bougainvillean, with extensive experience in the minerals sector. Heavy fuel storage tanks 11:30. var FJHost = ((document.location.protocol == 'https:') ? View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … A man uses a 3-D map to plan the excavation 11:04. The mine had begun commercial production in April 1972. Mining operations were officially halted on 15 May 1989, due to militant activity and the mine has remained closed since. Bougainville Copper Limited is engaged in investment activities. "feedjit.com/pg/fj/bfaa96b359600a54/'" + This followed the departure of Rio Tinto in mid-2016. Bougainville Copper Limited drilling was down-hole surveyed by Tropari and multi-shot down-hole camera. By Simon Pentanu Every picture tells a story. Although the cultures share some commonalities, there is a range of traditional beliefs, customs and languages. "https://ssllog." The copper mining on Bougainville Island was carried out by Bougainville Copper Limited of PNG, a subsidiary of the Australian-British Rio Tinto Group. In 1643, the inhabitants of Takuu and Nissan atolls had the first recorded contact with Europeans from an expedition led by Dutch explorer Abel Tasman. The Panguna copper mine in Bougainville, Papua New Guinea, was discovered in the 1960s by one of our founding companies, with first production commencing in 1972. Port Moresby Office +(675) 309 2800. High in the tropical rain forests of Bougainville's Crown Prince Range, Bougainville Copper Limited (BCL) established one of the world's major open-cut mines to work the Panguna porphyry copper deposit. Rio Tinto has today transferred its 53.8 per cent shareholding in Bougainville Copper Limited (BCL) to an independent trustee. BCL chairman Peter Taylor will resign with immediate effect but he will continue to be available to provide services to the board during this transition period. Bougainville has a long human history with the first inhabitants arriving around 29,000 years ago. About Bougainville Copper Limited Bougainville Copper Limited is engaged in investment activities. Power station generators are built as lead line items in other countries 12:50. And the fact that revenue is down year on year arguably paints an ugly picture. try { var FJ = FJNew(); FJ.logHit(); } catch(err) {}, independent information for investors from investors. Click for more information. PNG mine. View today’s BOC share price, options, bonds, hybrids and warrants. Email; Created with Sketch. Bougainville Copper Limited 10:15. The Autonomous Bougainville Region consists of 168 islands with the most populated being the large island of Bougainville and the smaller island of Buka to its north, separated by the narrow Buka Passage. Although Rio Tinto will no longer hold any interest in BCL, Rio Tinto will continue to meet its obligations under the agreement during that period to ensure an orderly transition in the shareholdings of the company. The Papua New Guinea Government owns approximately 19.06% while public shareholders hold the … Every story a picture tells may not be a perfect story but, BCL WELCOMES RIO TINTO TALKS ON PANGUNA ENVIRONMENTAL ISSUES, PRESIDENT ISHMAEL TOROAMA INAUGURAL SPEECH 290920. Rio Tinto Copper & Coal chief executive Chris Salisbury said “Our review looked at a broad range of options and by distributing our shares in this way we aim to provide landowners, those closest to the mine, and all the people of Bougainville a greater say in the future of Panguna. BCL. Equity Trustees Limited will manage the distribution of these shares between the Autonomous Bougainville Government (ABG) for the benefit of all the Panguna landowners and the people of Bougainville, and the Independent State of Papua New Guinea (PNG). Contact and postal information regarding Bougainville Copper Limited. So given this relatively weak performance, shareholders would probably … HOME; BOUGAINVILLE. Print; BOC. Bougainville Copper Limited has reduced its earnings per share by 11% a year over the last three years. Bougainville Copper Limited (BCL) is a mining company of Papua New Guinea (PNG) that is listed on the Australian Securities Exchange (ASX). Bougainville Copper Limited (BCL) is an independently-managed company of Papua New Guinea that is publicly listed on the ASX (Australian Securities Exchange). The people of PNG and Bougainville have a significant stake in Bougainville Copper, with the Autonomous Bougainville Government (ABG) holding a 36.4 per cent share in the company, as does the Independent State of Papua New Guinea. Data spacing and distribution The 2012 Mineral Resource was estimated using geological, mine planning and production data archived in 1989. Print; BOC. Detailed satellite digital elevation model generated over project area as part of 2012 Order of Magnitude Study. Postal Address: PO Box 1274 Port Moresby, NCD Papua New Guinea, Fax: +(675) 309 2898 Email: info@bcl.com.pg, Copyright © July 2017 l Website Design Brisbane by Umbrella Creative. During 2018 Bougainville Copper continued to engage with the ABG, albeit at a more limited level due to the ongoing Judicial Review proceedings. The results of the referendum vote was announced 11th December 2019 in … The ultimate distribution of our shares also provides a platform for the ABG and PNG Government to work together on future options for the resource.”. Under the trust deed, the ABG has the opportunity to receive 68 per cent of Rio Tinto’s shareholding (which equates to 36.4 per cent of BCL’s shares) from the independent trustee for no consideration and PNG is entitled to the remaining 32 per cent (which equates to 17.4 per cent of BCL’s shares). (Image from archives via Bougainville Copper Limited) ABOUT THE COMPANY; MEET THE TEAM ; KNOWING BOUGAINVILLE; BOARD OF DIRECTORS; BOUGAINVILLE COPPER … Interactions with senior Bougainville Ministers and the President have also been made more challenging. The idled Panguna copper-gold mine was once a major producer and one of the largest open pit mines in the world. BOUGAINVILLE COPPER LIMITED; Viewed 10,240 times by 3014 users (Last 30 days) Created with Sketch. Bougainville Copper Limited's Growth. Bougainville Copper Limited shareholding. Bougainville Copper, 54% owned by Rio Tinto, closed the copper mine on Bougainville Island in 1989 after attacks by the Bougainville Revolutionary Army, which wanted the … REGIONAL HISTORY; GEOGRAPHY; PEOPLE; GOVERNMENT; ABOUT BCL. For more, go to http://www.riverbendnelligen.com/bougainville1.html Bougainville Copper is a proudly PNG and Bougainvillean company with a predominantly local team on the ground. Email; Created with Sketch. Our data indicates that Bougainville Copper Limited has a market capitalization of AU$106m, and total annual CEO compensation was reported as K739k for the year to December 2019. A Look at Bougainville Copper Limited's Growth Numbers . document.write(unescape("%3Cscript src='" + FJHost + Bougainville Copper’s main objective is to work cooperatively towards realising the vision of resuming active exploration and sustainable copper, gold and silver mining at Panguna, in central Bougainville, after mining ceased in 1989. BCL, a former Rio Tinto subsidiary and a publicly listed company on the Australian Securities Exchange, managed operations at the mine. Created with Sketch. Bougainville Copper Limited exerce des activités d'investissement. Bougainville displays great cultural diversity in a relatively small region. The Trust Deed determines that should either beneficiary of the trust not apply for the transfer of the BCL shares attributable to them from the trustee within two months, then those shares will be made available to the other party. Bougainville Copper Limited operated a large open pit mine and processing facility at Panguna on Bougainville Island in the North Solomons Province, Papua New Guinea. There has, however, been some good levels of cooperation with ABG departments with respect to Bougainville Copper support for community … It saw its revenue drop 30% over the last year. The Company is owned approximately 53.83% by Rio Tinto Limited. Bougainville Copper Limited is an independently-managed company of Papua New Guinea that is publicly listed on the ASX (Australian Securities Exchange). The decline in EPS is a bit concerning. Click for more information. Add to … At its peak in mid-1971, it employed a labour force of some 10,700. View of Melbourne, Australia 12:09. 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