Sep 12, 2010 (The Australian Financial Review - ABIX via COMTEX) -- The political situation in the Bougainville region of Papua New Guinea is showing signs of improvement, boosting the stock of Bougainville Copper. While the off-shoot of resources company Rio Tinto is still listed in Australia, it has not been able to operate its major Panguna copper mine in the area since civil war erupted in 1989. Executive chair Peter Taylor has held talks with the new leaders in Bougainville and says they are keen to have production restart. The news is combining with expected strong demand and price rises for copper to lift the share price , to $A1.04 on 10 September 2010.
Publication Date: 13 September 2010
BOUGAINVILLE COPPER LIMITED - ASX BOC
RIO TINTO LIMITED - ASX RIO
ASX LIMITED - ASX ASX
CONSTELLATION CAPITAL MANAGEMENT LIMITED
BOC Price at posting:
$1.04 Sentiment: ST Buy Disclosure: Held
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