A Bougainvillean mining engineer, JOSEPH PANGKAU says the people of Bougainville could loose if the price of Copper and Gold suddenly drops whilst they continue to drag the re-opening of the Panguna Copper Mine.
MR. PANGKAU who is working with ABG’s Mining Division told the BUIN Forum last week that the grade of copper in Panguna is low grade and needs more to get the required tones.
And whilst many Copper and Gold mines are discovered around the world this could drop the world price and this means Bougainville will not benefit at all from its resources.
He called on the people of Bougainville to put their acts together and open the Panguna Copper mine whilst the price is high.
Ends
BOC Price at posting:
55.0¢ Sentiment: ST Buy Disclosure: Held
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