.......Meanwhile, over in Bougainville, the prospect of reopening the vast copper mine there—which featured at the centre of the decade-long civil war from which the autonomous province is still steadily recovering—hangs over any consideration of economic rejuvenation. President John Momis is calling on his considerable experience to urge all sides to take this prospect slowly. Any rapid change in the position on reopening the mine—which is still mainly owned by Rio Tinto Ltd—would play in to the referendum on Bougainville’s future that is due in a couple of years. But Bougainville will seek to insist, whatever happens constitutionally, that any future mine revenue stays in the province and doesn’t come through Port Moresby.
BOC Price at posting:
52.5¢ Sentiment: ST Buy Disclosure: Held
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