BOC 6.06% 15.5¢ bougainville copper limited

BELCOL

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    Press Release: From the office of the Panguna Mine Negotiations
    The BEl Kol or Domangmitta between the people of
    Bougainville and the Bougainville Copper Limited (BCL) can now go ahead as soon as the Bougainville Executive concil (BEC) approves
    a date for the staging of the ceremony in Arawa. The landowners requested the Domangmiitta in
    2012 during the first meeting between the ABG, landowners and BCL as a precondition
    to any negotiations on
    the future of Pnaguna Mine. It is a concept of traditional appeasement according to the custom of the Nasioi people of Kieta, Central Bougainville.
    The domangmitta symbolizes a readiness by both parties to reconcile past differences and most importantly through negtiations, forge a new relationship. After two years of discussions and five months of awareness (June – October 2014), the ABG has secured the unconditional support
    of Central Bougainville Ex-combatants for the ceremony to go ahead.
    According to the
    office of Panguna Mine Negotiations, Mr. Raymond Masono, a Memorandum of understanding paving the way for the staging
    of the ceremony was signed between landowner representatives and
    central Bougainville Ex- combatants on Monday 3rd November 2014 in Arawa.
    “The MOU is a significant break through in the ABG’s efforts to obtain majority consensus to stage this ceremony,” Mr Masono said.The MOU is a culmination of five months of consultation
    and awareness on the basis and purpose of the Bel Kol. This is inline with
    the ABG’s all inclusive, consensual, collaborative and consultative approach of engaging with the people of Bougainville
    to express their views on major developmental issues affecting the region.
    “The staging of the ceremony will be a major
    milestone in the process

    of preparing the ABG and landowners to negotiate
    the future of Panguna Mine,” Masono said. It now means that the Bel Kol organizing committee co- chaired by acting secretary Department of the Community Government and the executive
    managers ofKieta and Panguna Districts can
    now proceed with the planning, organization and staging of the ceremony tentatively scheduled for February 2015 in Arawa.
    “ I believe that the spirit of commonsense has again prevailed in finding a solution to a difficult and sensitive issue,” Masonao said. “The Majority of
    Bougainvilleans are looking forward to the Bel Kol ceremony. With the signing of the MOU to secure unconditional support to stage the
    Bel Kol having been achieved, the organizing committee can now focus on delivering a product for which the people of Bougainville would be proud.

    Raymond J. Masono Director (Panguna Mine Negotiations)
 
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