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Tag: Bougainville Copper

Bougainville rejects Chinese partner for Panguna mine

Miners News

The Pacific island of Bougainville has rejected a partnership with Chinese miner CMOC to reopen the Panguna gold-copper mine, instead opting to deal with Indian company Lloyds Metals & Energy, reported Reuters. Panguna, formerly operated by Rio Tinto, was once a major export earner for Papua New Guinea but closed in 1989 due to civil war. According to the news…

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Licence extension paves way for Panguna redevelopment

Miners News

Bougainville Copper has confirmed that the Bougainville government awarded a five-year extension of the company’s exploration licence for the Panguna copper project in Central Bougainville, an autonomous region of Papua New Guinea. The extension clears the way for the miner to increase its activities in the Panguna project area in accordance with the Bougainville Mining Act of 2015. “Panguna promises…

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