Bougainville Copper Limited (ASX:BOC)
Bougainville Copper Limited (ASX:BOC) is an independently-managed company of Papua New Guinea. It's main objective is to work cooperatively towards realising the vision of resuming active exploration and sustainable copper, gold and silver mining at Panguna, in central Bougainville, after mining ceased in 1989.
The people of PNG and Bougainville have a significant stake in Bougainville Copper, with the Autonomous Bougainville Government (ABG) holding a 36.4% share in the company, as does the Independent State of Papua New Guinea. This followed the departure of Rio Tinto in mid-2016.
Bougainville Copper has a strong local board and management team that knows Bougainville extremely well. The board is led by chairman Sir Melchior Togolo, a prominent Bougainvillean, with extensive experience in the minerals sector.
All Bougainville Copper’s activities are guided by a firm commitment to strong local engagement, as the future development of Panguna will only be realised with the unequivocal support of both Papua New Guinean and Bougainvillean governments, landowners and the community more broadly.