Rio Tinto offers a more nuanced view of its Panguna intentions
KEITH JACKSON CHAIRMAN of Bougainville Copper Limited (BCL), Peter Taylor (pictured), has been reported by Radio Australia as saying parent company Rio Tinto may yet return to Bougainville.
In an earlier statement, Rio said it would review its majority stake in its subsidiary BCL.
The Australian newspaper reported this morning that this meant Rio was “likely to quit” its 53.8% stake in Bougainville Copper.
But in a more nuanced statement Mr Taylor told Radio Australia he's optimistic a solution can be found.............
BOC Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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