Please note: Beginning from January 1st, 2015 the ESBC's Newsroom will NOT be updated daily.
In future we will only cover major events on Bougainville or relevant news related to the re-opening of Bougainville Copper's Panguna mine!
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Source: PNG Loop
ABG considering large scale mining on Bougainville
President of the Autonomous Region of Bougainville (ABG), Dr John Momis says the ABG is considering allowing large-scale mining again on Bouganville because of its need for revenue.
Momis was speaking after the ABG passed a new long-term Bougainville Mining Law on Thursday.
“We lack even the most basic acceptable standards in essential services, like health and education. We lag behind the rest of the world. Without significant ABG revenue, that situation will never change,” said Momis.
He went on to say he wanted the best possible hospitals, early childhood centres, schools, clean power, and good roads to all accessible areas and good shipping services for Bougainville.
He said these things are the essential basics for Bougainville to gradually develop a sustainable economy where all share in the benefits.
“True autonomy, or true independence, will only come when we have our own sources of revenue, capable of providing the best possible services to our people.
“It is an unfortunate truth that the only way any of us can see of generating this revenue is mining.
“But we need to approach this with great care. Mining itself is not a sustainable activity, as the minerals are a finite resource. So the key will be to use the mining revenue wisely, to promote and generate sustainable economic growth,” said Momis.
Source: Radio New Dawn on Bougainville
Bougainville Mining Bill Passed
by Aloysius Laukai in Kubu.
The Controversial Bougainville mining Bill has been passed by the ABG house.
The bill went through the 3rd reading to become a Bougainville law just after 1135 Bougainville Standard time.
This now completes all the negotiations and dissatisfactions by factions of the communities throughout Bougainville.
The bill did not go un challenged but had to go through scrutiny by former combatants who demanded certain sections removed before they can allow the government to finally pass the bill.
At the time of the passing of the bill the house was full to capacity as people witnessed the passing of the bill.
Source: Bougainville Copper Limited (BCL)
Final 2014 Report Published !
Please download here your PDF copy of BCL's 2014 report! (Size: 1,8 MB / Mo)!
|The European Shareholders of Bougainville Copper (ESBC)