"The Board has adopted a new and comprehensive three year plan with a vision of returning to active exploration and profitable mining in PNG. The main focus in 2007 will be on getting resolution on the tax dispute, commencing the Bougainville Copper Agreement
Review, preparation in the event the exploration moratorium is lifted, communication with stakeholders, and the completion of a mine asset stock take.
We expect the Bougainville Copper Agreement re-negotiations will be revived and make significant progress. The opportunities that the current resources boom offer will not be maintained indefinitely. If the main stakeholders are to gain mutual economic benefit from Bougainville 's mineral potential a proper framework needs to be put in place without delay."
BOC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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