Tag Archives: Tall J Foundation

Companies circle Bougainville like vultures – waiting for the natural resource bonanza

bougainville

PNG Exposed and PNG Blogs

In what seems a relentless cycle of resource companies lining up to take a bite out of Bougainville, on Monday Nevis Capital Corporation purchased a 50% stake in Tall J (PNG) Ltd (see the announcement below).

Tall J, is currently owned by Stephen Strauss, whose was the subject of a expose published via the MicroKhan blog in 2011, which includes a detailed response from Strauss himself (see below).

According to the company press release Tall J has rights to pristine Bougainville forest with timber valued at $1.3 billion, in addition to mineral exploration rights over 255,000 acres of land.

So what do we know about this company who has evidently purchased a large chunk of Bougainville? Not much. It has one subsidiary, registered in, gulp, Costa Rica, which focuses on the online gaming industry. From one swindling industry to another, it would seem.

And the company’s website hardly inspires confidence, either.

But as long as government economic policy hinges on the mirage of resource fuelled riches, companies like these will come sniffing for a quick buck; because like at the casino, the house always wins!

 

Nevis Announces Investment In Bougainville Development, LLC

July 21, 2014

Nevis Capital Corporation (OTC: OCEE), is pleased to announce that they have signed a final agreement with Bougainville Development, LLC, a Mississippi Limited Liability Company, to acquire a 50% ownership of Bougainville Development in an all stock transaction consisting of Nevis common stock. The principal asset of Bougainville is a wholly owned subsidiary, Tall J (PNG) Ltd. of Papua, New Guinea, that has the contractual rights with the Papua Government to harvest the timber and to explore and develop the underlying minerals on 255,000 acres in Section 1645. Bougainville has a current investment in excess of $4,000,000 USD in this project. Mr. Stephen Strauss, BD Director, estimates that production should commence within 12-15 months for delivery of finished materials to Asian markets. Surveys from ITTO estimate that this tract contains approximately 2.5 million cubic meters of timber valued at $1.3 Billion at current prices, generating estimated revenues of $37 Million annually over a 35 year production and reforestation cycle. The Papua Government has endorsed the economic growth and development of their natural resources. Exxon Mobil has recently invested $19 Billion in Papua, NG, building one of the largest Liquid Natural Gas (LNG) projects in the world which began shipments in May with anticipated annual revenues of $7.2 billion. Nevis Capital expects the operational profits from this investment, the previously announced US producing oil and gas investment and expansions thereof, the Macau Live Online Gaming investment, and initiatives to acquire interests in profitable Medical Marijuana ancillary product producers to rapidly increase shareholder value for this development stage holding company.

———————————————————————-

Brendan Koerner – MicroKhan Blog, 8 July 2011

Okay, then, so what is the Tall J Foundation? Records are spotty, indeed—I couldn’t find a corporate listing in the United States. This forum post from 2010 suggests that Tall J has been soliciting investors for some time now, with a fantastic promise of 500 percent returns. If the poster is to be believed, the company’s director is one Stephen M. Strauss, with addresses in both Texas and Olive Branch, Mississippi. I got another pop on that exact name through a recent SEC case, in which a Stephen M. Strauss stands accused of orchestrating a pump-and-dump stock scheme while head of the Chilmark Entertainment Group.

Coincidence? Well, Chilmark was headquartered in Southhaven, Miss., just a stone’s throw from Olive Branch, so I’m thinking the answer is “no.”

The only other easily accessible trace of Tall J is this LinkedIn listing for one James Blackmore. But I can find no connection between Blackmore and Strauss—at least not yet.

The bottom line is that it seems that a tiny, shady-seeming investment concern actually appears to be wreaking genuine havoc on the Bougainville peace process. That immediately made me think of such infamous 19th-century filibusters as William Walker, who fomented great chaos in Latin America in the service of making fortunes. This is why private interests really shouldn’t be permitted to assume roles that might destabilize shaky governments; corporate self-interest is typically more at odds with international order than diplomatic self-interest.

http://www.microkhan.com/2011/07/08/the-new-filibusters/

1 Comment

Filed under Corruption, Financial returns, Papua New Guinea

Gloves come off as Bougainville’s leaders start to air their dirty laundry

Me’ekamui’s Miriori challenged to be honest about mining

New Dawn

President John L. Momis of the Autonomous Bougainville Government calls on Filipinos to help provide expertise and capital in rebuilding Bougainville during the graduation of Bougainville trainees in Iba, Zambales, on Saturday. (Henry Empeño)

John Momis (Henry Empeño)

President of Bougainville, Chief John L. Momis, today challenged “Me’ekamui Government’s” Philip Miriori to be honest about Bougainville mining issues. He was responding to a statement saying discussions about mining can happen only after the referendum on independence, and calling for Australian advisers to “go home”.

President Momis said:

“It’s amusing to see Mr. Miriori say mining can happen only after the referendum. For it’s widely known in Bougainville just how deeply involved Miriori is already involved in mining. It was he who worked closely with the Americans involved in Tall J Foundation Ltd. That company tried to do industrial mining of gold on the tailings on the Jaba River. But the people chased them away. Then a Chinese investor in Tall J. Tried to get his lost money back by bringing in Chinese to gather and sell scrap metal from Panguna. Then there is the Australian, Ian Renzie Duncan, at different times involved with Australian mining companies Zeus Resources and Trnaspacific Ventures. It was he who wrote Mr. Miriori’s speech delivered when Prime Minister O’Neill visited Panguna. It’s widely talked about in central Bougainville that Miriori is investing with Mr. Duncan, and that Duncan is taking alluvial gold supplied by Miriori.

“These are just a few of the mining interests that Mr. Miriori is involved in. It’s these and other mining interests that have take him off so regularly to meetings in Cairns, Brisbane, Perth, Singapore, and other business tourist destinations. Everyone around Panguna knows one thing for sure: no other Me’ekamui President has done more foreign travel than Miriori!

“But with all his deep involvement in mining already, how can he talk about decisions on mining waiting until after the referendum? I challenge him to be honest about his long history of mining interests.

“I also challenge him to be equally honest about foreign advisers. He says Australian funded advisers are not welcome. But these advisers have all been requested by the ABG to help us fill in gaps and weaknesses in the Administration. Although Australian funded, many are not Australian. They include Bougainvilleans. Until recently our legislative drafting adviser was from Vanuatu. Our Policy Adviser was from Bermuda – all paid for By Australia.

“For the ABG, the two most important things about our advisers are these. First, we only have them when we have a gap we cannot fill with a Bougainvillean. Second, they must follow the directions of the Bougainville Government. I am absolutely confident that they do  that. They do not control the ABG. They are not here to make money for foreign companies.

“I challenge Mr. Miriori to tell us about his foreign advisers, and what they are doing to make money for foreign interests. They included two Americans with the Tall J Foundation, Stewart Sytner and Thomas Megas. There are documents freely available on the Internet that show they claim that Mr. Miriori sold them mining rights in areas to the north of the Panguna Special Mining Lease. I challenge him to tell us is what Sytner and Megas claim is true.

What about the other investors in Tall J? What advice did they give to Miriori? What about the Tall J investor who brought in the Chinese scrap metal dealers? What advice did he give? What about the advice that Mr. Ian Renzie Duncan gives?

“Mr. Miriori is not being honest about the future of mining. His hands are not clean in relation to mining.

“Mr. Miriori is not being honest about foreign advisers. Again his hands are not clean.

“I challenge him to be honest on these matters. I challenge him to enter these debates only when he has clean hands.

5 Comments

Filed under Financial returns, Human rights, Papua New Guinea