Bougainville’s autonomous government under president John Momis and many locals support the mine’s reopening – the government has said polls place popular support above 90 percent. A new mining law grants Bougainville landowners significant rights over subsurface minerals, including a share of profits and the right to block mining. This law, considered fairly unique worldwide, is likely partly behind the significant support for the mine re-opening in the impoverished region.
BOC Price at posting:
55.0¢ Sentiment: ST Buy Disclosure: Held
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