The European Shareholders of Bougainville Copper (ESBC) welcomed the breakthrough achieved by the Panguna landowners on their conference in Buka (Bougainville) : "We are very satisfied on the meeting's outcome," said ESBC President Axel G. Sturm on Sunday evening in Bangkok, "This gives Bougainville the chance to recover financially from all suffering in the last twenty years. I am very grateful to the Minister of Bougainville Affairs, Hon. Fidelis Semoso that he finally pushed things cogently forward by organizing this conference. We are also glad that the Autonomous Bougainville Government assisted this important act." Furthermore Mr. Sturm outlined that he appreciates very much Mr. Semoso's courage to face this sensitive issue without any prejudice or fear. As the local network Radio New Dawn on Bougainville reported on Sunday the re-opening of the world class Panguna mine has been scheduled for the end of 2011. "Next year will already bring giant investment to the island and many people who are jobless now will soon find work, "said Mr. Sturm, "this makes me very happy especially for the young generation on Bougainville who will take benefit of the decisions on this historical week-end."
BOC Price at posting:
$1.53 Sentiment: ST Buy Disclosure: Held
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