Bougainville rejects Chinese partner for Panguna mine

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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