BOC owns 100% of the operations, that is the EL.
But BOC is to be owned 72.8% by ABG,leaving 27.2% for other shareholders.
The company will be run for the people of Bougainville and thats appropriate as long as they don't stuff it up.
If it is profitable, all shares will share equally in the dividends with ABG getting 72.8% and other shareholders 27.8%.
Having such a large government ownership may hinder attempts to raise the capital that will be needed for development.
Panguna, page-6
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