The board of directors of Bougainville Copper Limited actually meets in Indonesia. The agenda of the meeting has not yet been communicated. It is quite probable that President Momis' offer for a buy-out of by Chinese is one of the major topics. Rio Tinto holds an important interest in the Indonesian Grasberg mine (gold/copper) in West Papua. Therefore it cannot be excluded that the BCL managers will meet some of their colleagues working in Indonesia. Even a participation of high level Rio Tinto executives from London seems to be possible. There are rumours that ABG-President Momis will visit shortly the RT-headquarters in London for consultations. A preparation of this journey is probable as well.
BOC Price at posting:
$1.50 Sentiment: ST Buy Disclosure: Held
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