O’Neill accuses Momis of scaremongering and electioneering over Rio Tinto claims

No Secret Deal To Buy Bougainville Mine: PNG PM
O’Neill disputes rumors national government is planning take-over

Post-Courier via Pacific Islands Report

The National Government has come under fire for allegedly negotiating with mining giant Rio Tinto to purchase its 53 per cent stake in Bougainville Copper Limited.

brightestbulb_smallBut Prime Minister Peter O’Neill last night denied the charge and said there were no “secret deals” relating to the future of the defunct copper mine as ultimately it will be the landowners of the defunct copper mine and Bougainvilleans who will make that decision.

Autonomous Bougainville Government president John Momis urged the PM to reveal any discussions between the Government and Rio Tinto on the latter’s shares in BCL.

“Secret dealings of this kind are completely unacceptable to the people of Bougainville and so the ABG,” Mr Momis said.

“It would be equally unacceptable to the people of Bougainville for the National Government to try to take control of Panguna.

“As I said in my public statement in December: ‘Any attempt by the National Government to control mining in Bougainville could cause Bougainvilleans to lose all faith in the BPA (Bougainville Peace Agreement),” he said in a statement.

But Mr O’Neill, in response, expressed disappointment that the president is making the Panguna mine an issue on the eve of the Bougainville presidential election.

“We have had discussions with other shareholders of BCL on a range of issues including the reopening of the mine and disposal of shares by existing shareholders including Rio Tinto,” the PM said.

“There are no secret deals and we are disappointed that President Momis is trying use this issue at the time of the election that is taking place today.

“President Momis has been informed of whatever talks we have with other shareholders of BCL, only because the State is a second biggest shareholder,” said the PM.

“My statements in Arawa and Paguna remain very relevant today, that there are no mine opening talks until landowners and the people of Bougainville are ready.

“President Momis should stop blaming the Papua New Guinea Government for all that is going wrong in Bougainville and accept some responsibility as he has been in charge for many years now.”

Mr Momis said he initially raised his concerns last December and sought clarification with the PM responding in a letter in January stating that the National Government had no plans to take control of the mine. Rio Tinto responded on March 23, saying: “Rio Tinto … was reviewing its options with respect to its stake in Bougainville Copper Limited. This review is continuing.”

 

Leave a comment

Filed under Financial returns, Papua New Guinea

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s