PDN 1.71% $13.24 paladin energy ltd

I was with Bechtel Pacific during the construction period as a...

  1. 4,410 Posts.
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    I was with Bechtel Pacific during the construction period as a quantity surveyor for 4 years from 1970 -74 , the copper concentrate was sluiced from the mine at Panguna down to the wharf at Loloho. My records show the mine ownership at the time of operation are as follows, Rio Tinto 53% PNG Gov 19% and a European Consortium 4% the balance held by private investors of which I was one. What is true and pertinent to this debate, the locals that is the Bougainville bogans at the time thought in their thick stupid fuzzy wuzzy heads they could run the whole set up themselves, well as a result of that thinking was whole sale murder and anarchy with no winners. Africa will be no different and Paladin beware when uranium becomes profitable. We are seeing here in Australia, every Aboriginal person and part Aboriginal in the vicinity of any mine claiming ownership and putting massive bureaucratic restrictions on everything from exploration licenses, drilling to mining, while offering nothing. I ask them where do they think all that welfare, fully funded talk fests at the Burswood Casino, Toyota 4x4 s and the never ending supply of everything comes from. Yes greed stupidity and ignorance is a hallmark of some people.
 
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