What the investors are saying about the Bougainville Mining Legislation

Mining Act ASI

Hot Copper Forum – 16/12/14

The draft act. Yeah, we’ll see how far this goes. You only have to read that to realise the locals will be dead against it (may be not Momis and his wontoks who im sure would be filling their pockets if this arrangement occurred).

There is no way Momis will be allowed by the people to hand back the pre-war rights to BCL. Which is essentially what its saying. He would be better of tendering it again and making someone pay for it. The only reason not to would be self serving (ie, corruption).

My bet is it won’t get up. And if it does, the locals will wage war (not actually war but constant problems) again.

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Filed under Human rights, Papua New Guinea

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