panguna mine history

British-Australian mining giant Rio Tinto was for 45 years the majority-owner of the Panguna copper mine in Bougainville, an autonomous region in Papua New … Panguna mine conflict. BCL, a former Rio Tinto subsidiary and a publicly listed company on the Australian Securities Exchange, managed operations at the mine. Panguna Mine Remains Under the Ownership of Bougainville Copper Limited The Panguna mine is owned by Bougainville Copper Limited (BCL), which has Rio Tinto Limited as its majority shareholder with a 53.58 percent interest, the Papua New Guinea Government has a 19.06 percent interest with the general public holding the remaining 27.36 percent. Separatists stand over the Panguna mine in 1994. The Panguna porphyry copper-gold deposit is located in the Crown Prince Range of central-south Bougainville Island in eastern Papua New Guinea, at an altitude of 500 to 1200 m (#Location: 6° 19' 0"S, 155° 29' 36"E). We slowly head down in the 4WD on the loose gravel track, passing half buried trucks on the way, people digging for gold and other minerals, and a number of small homes. Couldn’t money be diverted from there to satisfy development demands on Bougainville? Even now, the divisions between the Autonomous Bougainville Government, the PNG government and various Australian investors hover with a certain menace. Active hostilities ended with a truce in October 1997 and a permanent ceasefire was signed in April 1998. The Panguna Copper Mine: a 'resource curse' for the people of Bougainville? " PANGUNA and its landowners have had a mixture of these feelings and positions during the time of mining but have not felt much this way since the mine was forcibly shut down at the end of 1989. Mining ended at Panguna 31 years ago, after disputes over the mine’s profits and its environmental damage led to a decade-long civil war in Bougainville that killed up to 20,000 people. History. The Panguna copper mine in Bougainville, Papua New Guinea, was discovered in the 1960s by one of our founding companies, with first production commencing in 1972. We drove through the ruins of the Panguna Mine, with its burned down buildings and factories. A Brief History on Bougainville History. Heavy trucks sit rusting on the edges of Panguna copper mine, closed in 1989 as a result of sabotage. Even now, the divisions between the Autonomous Bougainville Government, the PNG government and various Australian investors hover with a certain menace. The rebellion began in early 1989, over opposition to the world’s largest open-cut copper mine, Panguna mine. Started 1972, abandoned … The mine training college which BCL built at Panguna was the best technical training facility in Papua New Guinea. Ben Bohane The civil war and prevailing safety concerns in the region mean Rio staff have not set foot on the mine since 1990. That said, any independent Bougainville will need an … The Panguna mine was at the heart of the brutal civil war in the region that saw an estimated 20,000 people killed between 1988 and 1997. Many Bougainvilleans concluded that only intense confrontation with PNG brought results, and that the little understood process of secession (Ogan 1990: 36) and status A mine surveyor and active figure on the New Panguna Landowners Association, Ona had demanded compensation in the billions for the environmental damage … The Panguna copper mine is located in the Autonomous Region of Bougainville (AROB). Gold was initially discovered by prospectors at Kupei in 1930, and shortly after at nearby Panguna, some 5.5 km to the sout-west. As the price of gold rose in 1974 and again more spectacularly in 1979, there was increasing international recognition of the gold potential of Papua New Guinea. The mine at Panguna was opened by CRA Ltd. under armed Australian police protection. Copper copper and gold in every edge of rocks So precious and valuable you are Never say you are worthless For the entire world depend on you For their economy and development. The mine at Panguna had been perhaps the most major sticking point between Bougainville and the mainland. And I cannot recall having seen such a … Heading into Panguna pit. APPENDIX D - OUTLINE HISTORY OF THE BOUGAINVILLE CONFLICT 171 July - villagers around Panguna force suspension of drilling operations, but drilling later continues under police protection. The Panguna mine is a large copper mine located in the east of Papua New Guinea in the Autonomous Region of Bougainville.Panguna represents one of the largest copper reserves in Papua New Guinea and in the world having estimated reserves of 1 billion tonnes of ore grading 0.34% copper and 12 million oz of gold. The economy of Papua New Guinea even now, the PNG Government and various Australian investors hover with a menace! 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