Mining giant Rio Tinto has indicated it may not return to the troubled Panguna mine in Bougainville.
http://www.radioaustralia.net.au/in...inville-copper-stake/1358288?autoplay=1358246
Rio Tinto reviewing Bougainville Copper stake (Credit: ABC)
In a statement Rio says now is an appropriate time to review its majority stake in its subsidiary Bougainville Copper Limited.
The move follows the adoption of a new draft mining law by the Autonomous Bougainville Government which strips Bougainville Copper of any mining rights.
It had operated the Panguna mine which was once one of the biggest in the world and also the spark that lit a decade-long civil war in the 1990s that left thousands dead. Presenter: Karen Snowdon Speaker: John Momis, President of the Autonomous Government of Bougainville;
Peter Taylor, Chairman of Bougainville Copper Limited
BOC Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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