bougainville copper mine panguna case study

The abrupt shut-down of the Panguna mine in 1989 and its closure during the subsequent period of conflict on Bougainville meant there was no opportunity to implement plans for its formal closure. Rio Tinto subsidiary Bougainville Copper (BCL) ran the Panguna copper and gold mine in Papua New Guinea from the early 1970s to 1990 when it was abandoned during a civil war that was largely fought over how mine profits should be shared. It's been estimated as many as 15,000 people died. Eastoe, C.J., 1978, A fluid inclusions study at the Panguna porphyry copper deposit, Bougainville, Papua New Guinea: Economic Geology, v. 73, p. 721 748. Bougainville Copper Limited (BCL) – operators of the former Panguna Mine, have once again reaffirmed their commitment to the mine. 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. A 10-year civil conflict shaped the history and identity of Bougainville. Bougainville Copper Ltd has started an initial study into re- opening the Panguna mine which has been closed since the 1989.The largest shareholder in BCL, Rio Tinto Group will finish the study in August.However they have not been allowed on the abandoned site thus the study cannot provide a workable estimate of the cost of… Speaking at the company’s 2020 annual general meeting (AGM) last week BCL chairman Sir Melchior Togolo, said the new w Talks between Australian investors and the Papua New Guinean and Bougainville governments over plans to reopen the Panguna copper mine in the Autonomous Region of Bougainville have slowed. Geol. The Panguna mine was a large open pit copper mine operated by Bougainville Copper Limited from 1972 to 1989. Bougainville had a history of small-scale mining, but the identification of a major gold, copper and silver orebody at Panguna in the 1960s led to the operation of a major mine. The Panguna mine was not the only project of Rio's in PNG that ran into difficulties. Bougainville Copper is 53 per cent owned by Rio Tinto, with the PNG government holding a further 19 per cent. BCL is committed to undertaking appropriate remediation and rehabilitation studies and implementing environmental programs regardless of the future operation of the Panguna mine. Photograph: Bougainville Copper Ltd In this exclusive interview with Business Advantage PNG, BCL Chairman Rob … 1. After all consultations with all stakeholders we will proceed with pre-feasibility studies on reopening the Panguna Mine. From 1972 until 1989 Bougainville Copper Limited operated a large open pit mine and processing facility at Panguna on Bougainville Island in the North Solomons Province of Papua New Guinea producing copper concentrate containing significant quantities of gold and silver. Bougainville Copper Ltd D Case Study Help, Case Study Solution & Analysis & Pacnews provides access to firsthand experiences, created by journalists to the location—Pacific journalists writing about their own location and gathering Bougainville Copper Ltd is laying out its plans for a possible return to the Panguna mine in central Bougainville. BCL, a former Rio Tinto subsidiary and a publicly listed company on the Australian Securities Exchange, managed operations at the mine. Case Study: Bougainville – Papua New Guinea. The mine at Panguna was opened in 1972 and majority-owned by Rio Tinto.It was important to the economy of Papua New Guinea, but the people of Bougainville were seeing little benefit from it.The first Bougainville independence movement arose in the late 1960s, as people aired their grievances against the Australian colonial government over the handling of the Panguna mine. 2013). Between 1980 and 1987 the PLA helped landowners to increase their share of the benefits being generated by the mine (see Okole 1990). Bougainville Copper also trained some 12,000 employees, including approximately 1,000 completing full trade apprenticeships and some 400 completing graduate and post-graduate studies that resulted in considerable progress in the localisation of the company’s employees and significantly added to the number of skilled workers elsewhere in the country’s workforce. Australian Securities Exchange, managed operations at the mine to national and local in! 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