BOC will never develop this mine on their own.
The estimate is at least US$6 Billiion to even get a basic mine up and running again and would take 6 to 8 yrs to rebuild all the infrastructure necessary.
Bouganville is 3rd world and everything has to rebuilt from scratch.
They will need a major partner like Rio Tinto with deep pockets and project development know how to move this project forward in a timely manner.
Also BOC maybe on the hook (along with Rio Tinto) to pay part of the clean up costs associated with the long term environmental disaster the Rio Tinto left behind when they abandoned the mine so many yrs ago. Rio Tinto are currently undertaking a study of the environmental damage at their own cost to determine what needs to be done to clean up the mess they left behind. This is likely part of Rio Tintos attempt to partner with BOC once again to restart the Panguna mine.
It's a treasure trove awaiting development and god knows it's the only lifeline that the poor people of Bouganville have to become an independent nation from PNG.
BOC will never develop this mine on their own.The estimate is at...
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Last
55.0¢ |
Change
-0.020(3.51%) |
Mkt cap ! $220.5M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 59.5¢ | 55.0¢ | $10.13K | 17.45K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
56.5¢ |
Change
-0.020 ( 1.74 %) |
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| Open | High | Low | Volume | ||
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| Last updated 14.15pm 31/05/2024 ? | |||||
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