Bougainville Copper Limited Crucial Annual General Meeting ahead! Bougainville?s President Momis to assist the BCL AGM?
On Tuesday, April 19th, 2011, the shareholders of Bougainville Copper Limited (BCL) will get together in Port Moresby?s Crown Plaza Hotel as every year. This year?s convention has to be considered as crucial for the future of the dormant Panguna mine in Central Bougainville. The huge copper, gold and silver mine (one of the biggest worldwide) had been shut down in 1989 due to local unrest that turned into the so called ?Bougainville Crisis?.
Today, the mine is only one step away from re-opening. Since years BCL?s board of directors, the Autonomous Bougainville and the PNG Government, local landowners and shareholders are struggling for resuming mining on Bougainville. This could bring back prosperity to the remote Pacific island and pave the way for future independence.
The European Shareholders of Bougainville Copper (ESBC) who invested more than K60m in Bougainville, welcome the promising efforts of all stakeholders. The ESBC support the ongoing process amongst others by publishing all Bougainville related information on their homepage www.bougainville-copper.eu . ?This site is a shining success worldwide!?, says ESBC President Axel G. Sturm, ?Within the last three years round about 50,000 visitors kept informed on our homepage on the progress in Bougainville. We are proud that there is no better in-depth source on Bougainville in the world. We are also very pleased that the majority of Bougainvilleans understood that mining only is able to provide a better future for the young generation on the island.?
For this year?s Annual General Meeting again, the ESBC prepared a detailed questionnaire. Find out here: http://www.bougainville-copper.eu/questions-answers.html .
Rumours even say that ABG President Hon. John Momis might assist the Bougainville Copper Annual General Meeting this year. Mr. Momis left Bougainville on April 6th for a medical check-up in Port Moresby and will stay in PNG?s Capital until April 20th. Momis, since in office in June 2010, cautiously paves the way for resumption of mining on the island. Mining is still considered as a ?sensitive issue? amongst some Bougainvilleans because left-wing groups from abroad try to push back Bougainville into the stone-age.
BOC Price at posting:
$1.56 Sentiment: ST Buy Disclosure: Held
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