BOC bougainville copper limited

mine update, momis

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    http://www.postcourier.com.pg/20120925/tuhome.htm

    By WINTERFORD TOREAS

    THE NATIONAL government annual K500 million reconciliation payment to Autonomous Bougainville Government (ABG) with the first K100 million given by Prime Minister Peter O’Neill paved forward negotiations on the re-opening of the Panguna mine which still in progress with many positive achievements and changes already taking place.
    ABG President John Momis said during the recent ABG Parliamentary sitting this month, much work has already been done in preparing the ABG and landowners to negotiate the future of the Panguna mine.
    President Momis said 98 percent work on the preparation of the initial six landowner associations has already been completed, with the Rorovana Association still awaiting its certificate of incorporation.
    An interim landowner organisation known as the United Panguna Resource Owners Association (UPROA) has also been established with the appointment of interim executives comprised of executives of the initial six landowner associations, as well as the additional three landowner associations that were approved by the Bougainville Executive Council (BEC) early this year.
    Mr Momis said that a joint delegation comprising of officers from both the ABG and the PNG National Government also completed their two weeks scoping mission in and around the Panguna mining areas.
    The purpose of this two weeks survey was to determine what was actually in Panguna and
    Apart from this studies on the conditions of the people affected and impacted by the Panguna mine operations and other kinds of detailed studies required were also conducted.
    A joint coordination committee will receive the report of the scoping mission and then develop and approve terms of references for the detailed baseline studies that would be required to be undertaken on behalf of the parties to the negotiations.
    He also revealed that three regional forums have already been planned for the latter part of this year in the three regions of North, Central and South Bougainville.
    The aim of this forum is to inform the people of Bougainville on what the government is doing regarding negotiations on the possible reopening of the Panguna mine.
    It is understood that there are plans to have the mine re-opened as soon as possible to support the ABG government’s economic development strategy and fiscal self-reliance.
 
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