6 Mar 2017

Bougainville Copper eyes a return to Panguna

From , 6:03 am on 6 March 2017

Bougainville Copper Ltd is laying out its plans for a possible return to the Panguna mine in central Bougainville.

The Panguna mine and BCL were at the heart of the divisions in the Papua New Guinea region that led to the ten year civil war and prompted a shut down of the mine and a pull out by the then Rio Tinto controlled company.

Rio Tinto is no longer involved, having walked away last year, giving its 53 percent shareholding to the Autonomous Bougainville Government and the PNG Government.

Late last month BCL presented a time line for its possible restart of mining to shareholders and the Australian Stock Exchange.

Chief executive Mark Hitchcock spoke to Don Wiseman about this and they hope to achieve their goals.

Panguna mine.

Panguna mine. Photo: Wellington Chocolate Factory