"..., and a company only the oldies remember, Bougainville...

"..., and a company only the oldies remember, Bougainville Copper (BOC), reclaimed a spot in the headlines."

I was just wondering why they claim no news are out???? Havent they read the half-year report resp. the png-newspapers???

Only the early-bird-Oldie catches the worm.....))))


http://www.minesite.com/nc/minews/singlenews/article/that-was-the-week-that-was-in-australia-2671275936/41.html

..........The best sector last week, or at least the one that generated the most news, was copper, where the Sandfire (SFR) situation simmered, Rex Minerals (RXM) reported a pot of copper even bigger than Sandfires, Resource and Investment (RNI) hit a fresh 12 month high, and a company only the oldies remember, Bougainville Copper (BOC), reclaimed a spot in the headlines.

Minews. How interesting. Movement at Bougainville must surely be another indication of a revival in the entire copper sector.



Oz. Precisely. For the past month copper has been the metal watched most closely down this way. Interest has been strong on the back of a combination of discovery news, the price moving back over US$3.20 a pound, and the steady decline in the global stockpile of the metal. In the case of Bougainville, which is actually a non-trading arm of Rio Tinto, a move up from A71 cents to a 12 month high of A87 cents over the past week earned the company a speeding inquiry from the ASX. There was no fresh news, just a belief that copper mining might re-start on the Papua New Guinea island of Bougainville. Work there stopped just over 21 years ago after the outbreak of a small civil war. Any re-opening at Bougainville will require a total re-think in how the copper is mined, plus new processing and transport facilities, so it will not be a small lift.