Tuesday, November 30, 2010

Bougainville mine 'to reopen next year'

BCL shareholders laud breakthrough with landowners


THE European shareholders of Bougainville Copper (ESBC) have welcomed the breakthrough achieved by the Panguna landowners’ conference in Buka regarding the re-opening of the Panguna mine, The National reports.

This historical decision was reached on Sunday when landowners agreed to re-open the mine towards the end of next year.

ESBC president Axel Sturm said they were very satisfied with this outcome.

“This gives Bougainville the chance to recover financially from all suffering in the last 20 years.

“I am very grateful to the Minister of Bougainville Affairs Fidelis Semoso that he finally pushed things cogently forward by organising this conference.

“We are also glad that the Autonomous Bougainville Government assisted in this important undertaking,” he said.

Sturm said he appreciated Semoso’s courage to face this sensitive issue “without any fear or prejudice”.

“Next year would bring giant investment to the island and many people who are jobless now would soon find work,” Sturm said.

“This makes me very happy especially for the young generation on Bougainville who would benefit from the decisions on this historic weekend,” he said.



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