11 Jul 2008

Bougainville government urged to scrap deal with Canadian company

9:55 am on 11 July 2008

Bougainville's Government is to face a call to scrap the controversial deal giving a 70 percent stake in the autonomous PNG province's resource development arm to Canadian company, Invincible Resources.

Invincible's control over the Bogenvil Resource Development Company, or BRDC, sparked an outcry earlier this year.

A public forum was held yesterday in Buka at which attempts were made to explain the deals.

Monica Taga of the Bougainville Women's Inter Church Forum, which organised the public meeting, says people now understand and accept the need for the BRDC, but they are not happy Invincible has a stake.

"What the public said was like they want the Bougainvilleans, the shares to be owned 100 percent by BRDC. It should be locally owned."