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The Remote Island Sitting on $58 Billion of Gold and Copper

Author: Aaron Clark and Dan Murtaugh, Bloomberg, Published on: 11 February 2019

11 February 2019

A mining company claiming interests in copper and gold reserves estimated at $58 billion on the Pacific island of Bougainville said its rights are under threat by efforts to revive the resource sector in the run up to a independence warning investors that legislation proposed by Bougainville’s government will make significant changes to its mining law, including granting powers to a new British Virgin Island-registered company to take mining leases across the island....

The proposed legislation includes an amendment to the country’s Mining Act of 2015, which details rules and regulations as well as rights and compensation principles for landowners and communities...

[also refers to Bougainville Advance Mining]

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Related companies: Bougainville Copper Ltd