LANDOWNERS of the Bougainville Copper Mine have called on the government for the Bougainville Copper Agreement (BCA) Act 1969 to be repealed.
Panguna Landowners Association (PLA) stated that if Panguna Mine is to be re-opened, this has to be negotiated under a totally new agreement (find out below!).
The landowner executives have consulted with their lawyers and the legal opinion is that, the landowners cannot participate in the BCA review as they were never a party to that agreement. The same goes for the Autonomous Bougainville Government (ABG).
The matter has been discussed in length by the six Panguna mine Lease Executives with the President and his Bougainville Executive Council Ministers over the past year.
They said that if Bougainville Copper Limited (BCL) and the National Government want to talk about re-opening the Panguna mine with them, then the whole BCA Act must be repealed.
However, both the government and BCL must first agree to re-open the mine, they said.
They have called on the Bougainvillean MPs to bring to the attention of parliament through the Prime Minister and the Mining Minister that BCL and the National Government must first agree to repeal the BCA Act if they want ABG and the Panguna Landowners to come to a negotiation table to discuss the re-opening of the mine.
BOC Price at posting:
67.0¢ Sentiment: ST Buy Disclosure: Held
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