The chairman of Bougainville Copper, a subsidiary of the Australian-British mining giant Rio Tinto, says he's not opposed to Chinese investment in the proposed re-opening of the Panguna mine on Papua New Guinea's island of Bougainville.
The controversial mine closed in 1988, after it sparked a 10 year civil war that left thousands dead and communities torn on Bougainville.
PNG's prime minister, Sir Michael Somare, has talked privately about the possibility of reopening the mine with Chinese investment.
Bougainville Copper owns the lease on the site and chairman, Peter Taylor, says while he's had no formal approach from the Chinese, he's willing to listen to any proposition.
Presenter: Jemima Garrett Speaker: Peter Taylor, Chairman and Managing Director, Bougainville Copper
BOC Price at posting:
$1.63 Sentiment: ST Buy Disclosure: Held
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