The Bougainville government is having consultations on a regular basis with Bougainville Copper Limited about a possible re-opening of the Panguna mine.
The autonomous Papua New Guinea region is set to hold a referendum on independence by 2020 but it has to have a viable economy before Port Moresby will agree to this. The Bougainville president John Momis told Radioa New Zealand that returning to mining is the fastest way to achieve this viability and that is why they are talking with BCL, which operated Panguna before it was shut down by the civil war. Mr Momis told Don Wiseman that Bougainville has plenty of other mineral deposits and it is not dependent on Panguna re-opening, but it remains the best option. Read full script here RNZI
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