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Bougainville Copper Limited (BCL) is a mining company of Papua New Guinea (PNG) that is listed on the Australian Securities Exchange (ASX). BCL operated the copper, gold and silver mine at the Panguna mine on Bougainville Island in PNG from 1971 (54 years ago) () to 15 May 1989 (35 years ago) (), when mining operations were officially halted due to militant activity.
The Panguna mine is a large copper mine located in Bougainville, Papua New Guinea. Panguna represents one of the largest copper reserves in Papua New Guinea and in the world, having an estimated reserve of one billion tonnes of ore copper and twelve million ounces of gold. [1] [2] The mine has been closed since 1989 and has ceased all production.
Up until 1970, there was little mineral extraction in Papua New Guinea.Since the 1970s, mineral extraction has dominated the national economy. [1]With the exception of the Ok Tedy Mine (copper-gold) and the Ramu nickel-cobalt mine, almost all of the mining in PNG has been gold mining.
The Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea located near the headwaters of the Ok Tedi River, in the Star Mountains Rural LLG of the North Fly District of the Western Province of Papua New Guinea. The mine is operated by Ok Tedi Mining (OTM), which is majority-owned by the PNG Sustainable Development Program Limited ...
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Panguna is a town next to the (now decommissioned) Panguna copper mine on Bougainville Island, Papua New Guinea. It was owned and operated by Bougainville Copper Ltd, a subsidiary of Rio Tinto. Beginning operations in 1972, the company hired thousands of workers, most from other parts of the country.
The Grasberg mine has one of the largest reserves of gold and copper in the world. [ 2 ] [ 3 ] It is located in Mimika Regency , Central Papua , Indonesia near Puncak Jaya . It is operated by PT Freeport Indonesia (PTFI, see below ), a joint venture among the government of Indonesia , government of Central Papua , and American company Freeport ...
Mount Fubilan was a mountain in the Western Province of Papua New Guinea. It has been removed in the course of the excavation of the Ok Tedi Mine, which been developed since 1984 as an open-pit copper and gold mine. After decades of mining, the mountain has been replaced by a massive pit in the ground.