Who owned Bougainville copper mine?
Who owned Bougainville copper mine?
Rio Tinto Limited
About Bougainville Copper Limited The Company is owned approximately 53.83% by Rio Tinto Limited. The Papua New Guinea Government owns approximately 19.06% while public shareholders hold the remaining 27.11% of the share capital.
Why did Panguna mine close?
It has remained closed since 1989. This occurred as a result of the conflict between the forces led by Francis Ona, Supreme Commander of the Bougainville Revolutionary Army (BRA) and the Papua New Guinea Defence Force. The 10 year conflict was brutal and resulted in over 20,000 dead.
Who is the leader of Bougainville?
Ishmael Toroama
This is the first of a three-part series on the record of Ishmael Toroama, elected President of the Autonomous Region of Bougainville (hereinafter Bougainville) in September 2020.
What is Bougainville crisis?
The Bougainville conflict, also known as the Bougainville Civil War, was a multi-layered armed conflict fought from 1988 to 1998 in the North Solomons Province of Papua New Guinea (PNG) between PNG and the secessionist forces of the Bougainville Revolutionary Army (BRA), and between the BRA and other armed groups on …
Will Bougainville become independent?
An independence referendum in Bougainville in 2019 saw 98 percent of voters favor independence from Papua New Guinea, but the referendum doesn’t guarantee independence. First, both parties need to adhere to the processes agreed upon in the Bougainville Peace Agreement.
Who designed the Bougainville flag?
Flag of Bougainville
| Use | Autonomous Region of Bougainville |
| Proportion | 2:3 |
| Adopted | 1975 |
| Design | Red and white upe headdress superimposed on a green and white kapkap, on a field of cobalt blue. |
| Designed by | Johnathan and Moses Havini |
How much does Rio Tinto CEO earn?
Under the British method of calculating executive pay, Mr Jacques took home £7.2 million ($12.85 million) in 2020; a figure that was 20 per cent higher than his 2019 pay despite the absence of short-term incentives. Mr Jacques’ 2019 pay was itself 27 per cent higher than in 2018.
Is the Panguna mine in Bougainville reopening?
With an independence referendum on the horizon, reopening the Panguna mine offers both attractive opportunities and terrible consequences. The Panguna mine on the Pacific island of Bougainville is one of the largest copper and gold deposits in the world.
Why was the Bougainville Copper Mine forced to close?
Bougainville Copper Limited, (BCL) a subsidiary of the British-Australian resources giant Rio Tinto, owned the mine at the time of the conflict and despite extracting around 550,000 tonnes of copper concentrate and 450,000 ounces of gold in its final year of production was forced to close as it appeared the separatists were not going to back down.
Where is the gold mine in Bougainville located?
The Panguna mine on the Pacific island of Bougainville is one of the largest copper and gold deposits in the world. The mine was also at the center of a decade-long civil war fought between the Bougainville Revolutionary Army and the Papua New Guinea Defense Force in the 1990s.
Who are the Board of directors of Bougainville Copper?
Bougainville Copper has a strong local board and management team that knows Bougainville extremely well. The board is led by chairman Sir Melchior Togolo, a prominent Bougainvillean, with extensive experience in the minerals sector.
Who owned Bougainville copper mine? Rio Tinto Limited About Bougainville Copper Limited The Company is owned approximately 53.83% by Rio Tinto Limited. The Papua New Guinea Government owns approximately 19.06% while public shareholders hold the remaining 27.11% of the share capital. Why did Panguna mine close? It has remained closed since 1989. This occurred as…