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 to 1989. Mining operations were officially halted on 15 May 1989, due to militant activity and the mine has remained closed since. Mining giant Rio Tinto Group, which was historically Bougainville Copper Limited's major shareholder, e
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
Rio Tinto operated the Panguna copper mine in Bougainville from 1972 until 1989, when local landowners — angered about pollution and revenue sharing — forced the mine to shut down. Rio Tinto ...
There was no mine closure process when Bougainville Copper, the Rio Tinto subsidiary which owns the mine, was driven out of Bougainville. Pollution from mine tailings has since been flowing into ...
The abandoned Panguna copper mine in Bougainville – once a rich source of profits – sparked a costly environmental and social crisis. Credit: Friedrich Stark / Alamy Stock Photo
Run by Bougainville Copper Limited (BCL) from the 1970s, the Panguna mine spewed unprecedented amounts of pollution into the ground, water and atmosphere. It lingers to this day but nature has ...
Arguments over mine pollution and compensation to locals were central to the conflict that turned violent in 1989, revitalizing an independence movement that killed 20,000 people. BCL finally shut ...
Environmental Costs in Bougainville When the Panguna copper mine opened in 1966 it had cleared 220 hectares of the Bougainville rainforest, led to the displacement of local people, and introduced over four thousand foreign workers into local communities.
“We believe that [Bougainville Copper] was compliant with applicable regulatory requirements up until the mine’s operations were suspended in 1989,” a spokesperson told Mongabay.
The mine is being operated by Bougainville Copper Pty. Ltd., a subsidiary of Conzinc Rio Tinto of Australia, which is itself 80 % owned by the British mining giant Rio Tinto Zinc. The Papua New Guinea government and the Investment Corporation together own a 20 % share- holding in Bougainville Copper, but there is political pressure for a re-negotiation of this equity.
The Bougainville Crisis 273 The Bougainville mine, in Papua New Guinea’s North Solomons (formerly Bougainville) Province, is one of the world’s largest gold and copper mines. In recent years it has accounted for around 40 per cent of Papua New Guinea’s exports
The mine, the catalyst for the bloody civil war on Bougainville and responsible for widespread environmental destruction and social dislocation there, had been shut since 1989. Rio Tinto walked away from involvement in Panguna in 2016, giving its shares in its subsidiary, Bougainville Copper Ltd, to the Papua New Guinea and Bougainville Governments.
The people of Bougainville will vote in a referendum this weekend that will decide on its independence from Papua New Guinea. Here, SBS News visits the mine that ignited its
14/4/2020 For 17 years until 1989, the Panguna mine was one of the world's largest and richest copper and gold mines, run by Rio Tinto subsidiary Bougainville Copper Limited. The report alleges that many villages have been left without clean drinking water, which must be piped long distances or rely on rainwater tanks that frequently run dry.
6/5/2020 The pollution created by their mine is directly endangering local communities and infringing their most basic rights to food, water, health and housing. "Investors attending Rio Tinto's M this week should be calling on the company to immediately address this appalling situation", said Ms Adams.
In Panguna, the discovery of copper deposits in 1969 heralded the establishment of what was then the world’s largest open-pit copper mine, which began production in 1972. However, and unbeknownst to many locals at the time, a dispute over revenue-sharing and mine waste management between the local community and mine-operators, would lead to a protracted armed conflict which cost nearly ...
Bougainville Copper's sales contracts that commercial production of copper concentrate will commence on 1 st April,1972. During the year buyers of copper concentrates in Japan and Europe reported that legislation requiring the introduction of anti-pollution
The Bougainville mine, in Papua New Guinea’s North Solomons (formerly Bougainville) Province, is one of the world’s largest gold and copper mines. In recent years it has accounted for around 40 per cent of Papua New Guinea’s exports and between 17 and 20 per cent of government revenue.
Bougainville fought a brutal Civil War from 1989-1997 which claimed the lives of up to 20 000 people, and tens of thousands more were displaced. At the core of the conflict was the Panguna mine, a massive copper and gold mine that had serious socio-economic
A mine surveyor and active figure on the New Panguna Landowners Association, Ona had demanded compensation in the billions for the environmental damage caused by Bougainville Copper Ltd. The theft and subsequent destruction of Panguna’s powerlines saw the deployment of the PNG military.
Le gouvernement de Papouasie- Nouvelle Guinée a reçu 20% des profits d’une mine exploitée par Bougainville Copper Ltd (BCL), British Multinational, et Rio Tinto. Les insulaires, employés à extraire les minerais, ont dû se contenter de 0,5% à 1,25% des bénéfices.
Arguments over mine pollution and compensation to locals had been central to the conflict ever since. It’s believed the mine still holds about 5.3 million tonnes of copper and 19.3 million ...
The Panguna copper mine was dug in the land of Bougainville, and through the ’70s and ’80s was one of the world’s largest open-pit mines. The project brought enormous profits to Britain and Australia, along with high revenues for the government of Papua New Guinea, producing 44 percent of Papua New Guinea’s exports.
The mine started production in 1972 under management of Bougainville Copper Ltd (BCL) with the Papua New Guinea government as a 20% shareholder. The Papua New Guinea Independence Constitution had stated land ownership was to just below the surface of the soil; this meant that all mineral rights would belong to the State.
Bougainville Copper Ltd. (BCL), the company which owns the mine, is a subsidiary of Conzinc Rio-Tinto of Australia (CRA), which in turn is a subsidiary of Rio Tinto Zinc (RTZ). RTZ , a British-based mining company, is notorious throughout the world for environmental plunder and human rights abuses.
“We believe that [Bougainville Copper] was compliant with applicable regulatory requirements up until the mine’s operations were suspended in 1989,” a spokesperson told Mongabay. Adams said she doesn’t agree with that reasoning, which she said has become something of a “mantra” for the company since its divestment in 2016.
Gold was discovered in Bougainville’s central hinterland in the 1960s by Bougainville Copper, a subsidiary of Rio Tinto (ASX:RIO) which now calls itself BCL (ASX:BOC). What ensued was a masterclass in how not to run a mining operation in a foreign country.
11/12/2019 The violence in Bougainville began in the late 1980s, triggered by conflict over an enormous opencast copper mine at Panguna. The mine was a huge export earner for Papua New Guinea, but many in Bougainville felt they received no benefit and resented the pollution and disruption of their traditional way of living.
The mine, which had been shut down for 30 years, sparked the destructive civil war on Bougainville, over the environmental and social damage. Rio Tinto, which is holding its annual general meeting today, is no longer involved with Panguna, having walked away four
The mine was a huge export earner for PNG, but many in Bougainville felt they received no benefit and resented the pollution and disruption of their traditional way of living. The mine has ...