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BOUGAINVILLE COPPER LIMITED

ASX: BOC

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Description

2010 is proving to be another year of positive development leading to the re-commencement of operations at the Panguna mine, owned and previously operated by Bougainville Copper Limited.

With copper reserves estimated at almost 3 million tonnes and gold production in the range of 400,000 ounces per annum, Panguna is one of the world’s largest potential producers of both metals. Unexplored neighbouring tenements are also very prospective, and will be explored when a moratorium on exploration is lifted.

Present market values for both copper and gold are significantly higher than at the time of mine closure in 1990. The political situation within the Autonomous Bougainville Region has stabilised, and there is considerable appetite for development being expressed by the people. BCL is seen by many as the preferred operator of a re-started mine, and holds a very large bank of mine data.

The Board is operating a comprehensive rolling plan with the vision of returning to active exploration and profitable mining.

Mine For

gold, copper

Location of operation(s)

Papua New Guinea

Address

6th Floor, Pacific Place , Cnr Champion Parade & Musgrave Street
PORT MORESBY, , PAPUA NEW GUINEA

Phone

(67 5) 309 2800

Email

Website


Last Updated

30/10/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.