Bougainville Copper Limited Takes Stock After Panguna License Setback

Bougainville Copper Limited takes stock after Panguna license setback

Bougainville Copper Limited (BCL) says it's considering its position after the Autonomous Bougainville Government (ABG) said it had revoked the company's exploration license for the Panguna copper and gold mine.

Bougainville Copper Limited takes stock after Panguna licence setback

By Johnny Blades of RNZ Pacific Bougainville Copper Limited has been told its licence for the Panguna copper and gold mine has been suspended. BCL said it was considering its position after the Autonomous Bougainville Government’s Registrar of Tenements advised that as a consequence of new mining legislation the company’s rights under the exploration licence for the mine had been suspended. The ABG has picked a new partner to redevelop the long…

Bougainville Copper Loses Panguna as State-Backed Miner Takes Over in Pre-Independence Shift

The Autonomous Bougainville Government has revoked the Panguna exploration licence held by Bougainville Copper, the company in which it holds a near-73% stake, and handed the rights to a new locally controlled entity. The move, which caught the market by surprise, has wiped out the stock’s entire value in the span of a week. On […] The post Bougainville Copper Loses Panguna as State-Backed Miner Takes Over in Pre-Independence Shift appeared firs…