BCL Panguna extension denied

THE Bougainville Executive Council has confirmed that Bougainville Copper Ltd's application for extension of the term of its expired mining licence at the Panguna copper mine has not received necessary landowners' consent.

  • Staff Reporter
  • 03 January 2018
  • 09:33
  • News
BCL Panguna extension denied

Related Content

Autonomous Bougainville Government President John Momis said his government would consult with the Panguna landowners on an appropriate arrangement or the best alternative model for the development of the mine.
 
Until the consultation process is complete, the ABG will impose a moratorium over the grant of new licences for Panguna. 
 
Under the Bougainville Mining Act, a moratorium can only be implemented if there is no existing exploration licence.
 
Special Mining Lease Osikaiyang Landowners Association chairman Philip Miriori thanked Momis and the ABG for respecting the association's opposition to BCL.
 
"The Panguna community broadly wants the mine to reopen," he said. 
 
"We welcome very much the statement of the president that the ABG will consult with the Panguna landowners to determine the best alternative model for the development of Panguna." 
 
RTG Mining Inc, the Australian mining company proposing a restart for the abandoned mine, also thanked the ABG for supporting Panguna landowners.

PNGIndustry newsletter

Mining

New chairman for Nautilus

New chairman for Nautilus

Replaces Russell Debney

LNG

Inpex gets gas contract to 2028

Inpex gets gas contract to 2028

Questions remain around Indonesia's declining gas demand

Community

Westpac awards deadline extended

Westpac awards deadline extended

Seven categories to enter