Partial lifting of the Moratorium, in relation to grant of reconnaissance licences, artisanal licences, and quarry leases, for the whole of Bougainville;
Partial lifting also in relation to grant of exploration licences, mining leases, leases for mining purposes and mining easements, initially restricted to two or three specific areas of Bougainville;
Amending the Bougainville Mining Act:
to clarify that partial lifting of the Moratorium by reference to categories of tenement is permitted;
to restrict the number of small-scale mining leases that can be in operation at any one time.
This suggested approach to lifting the Moratorium and making minor amendments to the Act would allow most Bougainville mining interests access to minerals through artisanal licences. It would see continued protection against establishing many open cut and underground mines. That was the original aim of the Moratorium. It continues to be an important aim............
National,Thursday June 9th, 2016. By FRANCIS PULU ONLY time will tell when the Panguna Mine will be reopened after the Autonomous Bougainville Government House of Representatives lifted the mining moratorium in Parliament session on Tuesday. Member for Hagogohe Constituency, Robert Hamal Sawa told The National that the decision was done in consultation with the people who agreed that the moratorium be lifted. Sawa said the next task was for the Bougainville Executive Council, Bougainville Copper Limited, Government and the Panguna landowners to negotiate on how well the mine would operate i for the moratorium to be lifted and for Panguna Mine to operate again, only BCL will be allowed back because they know the operation back then,” he said.
Sawa said they did not want to engage another company apart from BCL which did not understand the situation in Panguna. For areas that have minerals, it was up to the resource owners to organise and decide which mining activity either in alluvial or exploration should take place
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)