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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.
This prompted an uprising in 1988, led by Francis Ona, a Panguna landowner and commander of the Bougainville Revolutionary Army (BRA). The outcome of the uprising was the Bougainville conflict, between the BRA, who sought secession from PNG, and the Papua New Guinea Defence Force. The ten-year conflict resulted in over 20,000 deaths, the ...
The latest government figures show that the Philippines, a major supplier of nickel ore to top metals consumer China, produced 35.14 million dry metric tons last year, an increase of 19% on the year.
Panguna had closed in 1989 due to the civil war and is now estimated to hold copper worth up to $60 billion. With independence, all of Papua New Guinea's interests in the mine would transfer to Bougainville, giving it a 60% share in all projects and retaining all mining licences. The remaining 40% would be left for investors to bid on. [12]
MANILA, Philippines (AP) — The death toll from a massive landslide that hit a gold-mining village in the southern Philippines has risen to 54 with 63 people still missing, authorities said Sunday.
The Bougainville government was given control of mining on the island following the passage of the Bougainville Mining Act in March 2015; however, the Panguna mine remains closed. [25] The war has been described by John Momis, President of the Autonomous Region of Bougainville, as the largest conflict in Oceania since the end of World War II. [10]
At least 13 people have died in the Philippines due to tropical storm Yagi, while schools and government offices were closed in Manila and nearby provinces on Tuesday because of expected bad weather.
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.