MAC/20: Mines and Communities

The World's 3rd biggest Copper and Gold mine to reopen in three years!

Published by MAC on 2007-04-02

The World's 3rd biggest Copper and Gold mine to reopen in three years!

Statement by The European Shareholders of Bougainville Copper

2nd April 2007

Spokesman: Axel G. Sturm
Suite 606 * Avinguda Sant Jaume 2 * AD700 Escaldes-Engordany * Principality of Andorra / Europe
Phone: +376 82 88 87 * Fax: +376 82 88 57 * Mail: bougainville@sturmpr.com

The European Shareholders of Bougainville Copper welcome the intention of Bougainville Copper Limited (BCL), owned 53 per cent by the international mining giant Rio Tinto, to return to exploration and mining in Bougainville within the next three years. The mine was closed since 1989 due to riots in the Panguna mine area and the rest of Bougainville. "We are extremely satisfied that finally the things seem to come to a good end," said ESBC-spokesman Axel G. Sturm Monday morning in Andorra. The Monday edition of the Port Moresby (PNG) based Post-Courier cited the BCL Chairman Peter R. Taylor and the company's 2006 Annual Report that had been released last week. "If serious companies like BCL and Rio Tinto make such statements" said Mr. Sturm, "they must be completely convinced, that they will reach their targets as presented to the public. This is the beginning of a brilliant future of Bougainville and its region."

 

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