Positive dialogue between stakeholders including the Autonomous Bougainville Government (ABG), the National Government of PNG, landowners, Bougainville communities, ex-combatants and BCL continues to advance the prospect of re-opening the mine.
Following the Prime Ministerial visit, ABG President John Momis re-affirmed the high priority that the ABG places on a re-start of operations at Panguna.
The company continues to evaluate the findings of the “2012 Order of Magnitude Study”.
The emerging results of this study broadly indicate that it would be economically viable to redevelop the Panguna mine. Further commentary on developments in both the political and fiscal environment surrounding the project is scheduled for the 2014 Annual General Meeting in May.
+ Profit from ordinary activities after tax attributable to members up 226.94% to 6,778 000
BOC Price at posting:
54.5¢ Sentiment: ST Buy Disclosure: Held
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