K 11,221,000,000.00 FOR MINING IN PANGUNA ! BCL boss promises new jobs for ex-combattants!
Bougainville Copper Limited (BCL) wants to invest the giant amount of more than 11 billion Kina (= 3,8 billion USD) into the abandonned Panguna Copper Mine, said BCL Chairman Peter Taylor on Monday on the Company's Annual General Meeting in Port Moresby! He plans to create 2,500 new jobs on the ground. In other words: There also will be approximately a minimum 10,000 jobs in small businesses in and around Central Bougainville! The European Shareholders of BCL (ESBC) asked Mr Taylor if he also intends to employ former freedom fighters in order to prevent possible dissatisfaction. He outlined: "This will hopefully include ex-combatants and others." Who wants to find out more about BCL's planning and who is interested as well in Taylors's answers to the 32 questions that the ESBC put him, can read all the documents here: http://bougainville-copper.eu/pageID_7060841.html Mr Taylor also faces the environmental problems due to the uncontrolled closure of the mine twenty years ago. He said: "Access to the site is required before an assessment of the safety and environmental issues can be made. The company will work with the ABG and the landowners addressing environmental concerns." That sounds good!
BOC Price at posting:
73.5¢ Sentiment: ST Buy Disclosure: Held
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