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	<title>Bougainville economy &#8211; Evening Report</title>
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		<title>Top Pacific diplomats ready for direct talks on Bougainville independence</title>
		<link>https://eveningreport.nz/2025/03/22/top-pacific-diplomats-ready-for-direct-talks-on-bougainville-independence/</link>
		
		<dc:creator><![CDATA[Asia Pacific Report]]></dc:creator>
		<pubDate>Fri, 21 Mar 2025 23:15:06 +0000</pubDate>
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					<description><![CDATA[By Leah Lowonbu, Stefan Armbruster and Harlyne Joku of BenarNews The Pacific’s peak diplomatic bodies have signalled they are ready to engage with Papua New Guinea’s Autonomous Government of Bougainville as mediation begins on the delayed ratification of its successful 2019 independence referendum. PNG and Bougainville’s leaders met in the capital Port Moresby this week ]]></description>
										<content:encoded><![CDATA[<p><em>By Leah Lowonbu, Stefan Armbruster and Harlyne Joku of BenarNews</em></p>
<p>The Pacific’s peak diplomatic bodies have signalled they are ready to engage with Papua New Guinea’s Autonomous Government of Bougainville as mediation begins on the delayed ratification of its successful 2019 independence referendum.</p>
<p>PNG and Bougainville’s leaders met in the capital Port Moresby this week with a <a href="https://www.benarnews.org/english/news/pacific/pac-png-bougainville-10032024203503.html" target="_blank" rel="noopener" rel="nofollow">moderator</a> to start negotiations on the implementation of the UN-supervised Bougainville Peace Agreement and referendum.</p>
<p>Ahead of the talks, ABG’s President Ishmael Toroama moved to sideline a key sticking point over PNG parliamentary ratification of the vote, with the announcement last week that Bougainville would unilaterally declare independence on September 1, 2027.</p>
<p>The region’s two leading intergovernmental organisations — Pacific Islands Forum (PIF) and Melanesian Spearhead Group (MSG) — have traditionally deferred to member state PNG on discussion of Bougainville independence as an internal matter.</p>
<p>But as a declaration of nationhood becomes increasingly likely and near, there has been a subtle shift.</p>
<p>“It’s their [PNG’s] prerogative but if this matter were raised formally, even by Bougainville themselves, we can start discussion on that,” PIF Secretary-General Baron Waqa told a press briefing at its headquarters in Fiji on Monday.</p>
<p>“Whatever happens, I think the issue would have to be decided by our leaders later this year,” he said of the annual PIF meeting to be held in Solomon Islands in September.</p>
<p><strong>Marked peace deal</strong><br />The last time the Pacific’s leaders included discussion of Bougainville in their official communique was in 2004 to mark the disarmament of the island under the peace deal.</p>
<p>Waqa said Bougainville had made no formal approach to PIF — a grouping of 18 Pacific states and territories — but it was closely monitoring developments on what could eventually lead to the creation of a new member state.</p>
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">PNG Prime Minister James Marape (second from left) and Bougainville President Ishmael Toroama (right) during mediation in the capital Port Moresby this week. Image: Autonomous Government of Bougainville/BenarNews</figcaption></figure>
<p>In 2024, Toroama told BenarNews he would be <a href="https://www.benarnews.org/english/news/pacific/pac-png-foreign-09042024221809.html" target="_blank" rel="noopener" rel="nofollow">seeking observer status at the subregional MSG</a> — grouping PNG, Fiji, Solomon Islands, Vanuatu and New Caledonia’s FLNKS — as Bougainville’s first diplomatic foray.</p>
<p>No application has been made yet but MSG acting Director-General Ilan Kiloe told BenarNews they were also keeping a close watch.</p>
<p>“Our rules and regulations require that we engage through PNG and we will take our cue from them,” Kiloe said, adding while the MSG respects the sovereignty of its members, “if requested, we will provide assistance” to Bougainville.</p>
<p>“The purpose and reason the MSG was established initially was to advance the collective interests of the Melanesian countries, in particular, to assist those yet to attain independence,” he said. “And to provide support towards their aim of becoming independent countries.”</p>
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">Map showing Papua New Guinea, its neighboring countries and the Autonomous Region of Bougainville. Map: BenarNews</figcaption></figure>
<p>The 2001 peace agreement ended more than a decade of bloody conflict  known as the Bougainville crisis, that resulted in the deaths of up to 15,000 people, and laid out a roadmap for disarmament and the referendum in 2019.</p>
<p><strong>‘We need support’</strong><br />Under the agreement, PNG retains responsibility for foreign affairs but allows for the ABG to engage externally for trade and with “regional organisations.”</p>
<p>“We need countries to support us, we need to talk to those countries [ahead of independence],” Toroama told BenarNews last September.</p>
<p>The referendum on independence was supported by 97.7 percent of Bougainvillians and the outcome was due to be ratified by PNG’s Parliament in 2020, but was deferred because of the covid-19 pandemic.</p>
<p>Discussions by the two parties since on whether a simple or two-thirds majority vote by parliamentarians was required has further delayed the process.</p>
<p>Toroama stood firm on the issue of ratification on the first day of discussions moderated by New Zealand’s Sir Jerry Mataparae, saying his people voted for independence and the talks were to define the “new relationship” between two independent states.</p>
<p>Last week, the 15 members of the Bougainville Leaders Independence Consultation Forum issued a statement declaring PNG had no authority to veto the referendum result and recommended September 1, 2027 as the declaration date.</p>
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">Bougainville Leaders Consultation Forum declaration setting September 1, 2027, as the date for their independence declaration. Image: AGB/BenarNews</figcaption></figure>
<p>“As far as I am concerned, the process of negotiating independence was concluded with the referendum,” Toroama said.</p>
<p><strong>Implementation moderation</strong><br />“My understanding is that this moderation is about reaching agreement on implementing the referendum result of independence.”</p>
<p>He told Marape “to take ownership and endorse independence in this 11th Parliament.”</p>
<p>PNG’s prime minister responded by praising the 25 years of peace “without a single bullet fired” but warned Bougainville was not ready for independence.</p>
<p>“Economic independence must precede political independence,” Marape said. “The long-term sustainability of Bougainville must be factored into these discussions.”</p>
<p>“About 95 percent of Bougainville’s budget is currently reliant on external support, including funding from the PNG government and international donors.”</p>
<p>Proposals to reopen Rio Tinto’s former <a href="https://www.benarnews.org/english/news/pacific/png-mining-humanrights-12062024013114.html" target="_blank" rel="noopener" rel="nofollow">Panguna gold and copper mine in Bougainville</a>, that sparked its civil conflict, is a regular feature of debate about its economic future.</p>
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">Front page of the Post-Courier newspaper after the first day of mediation on Bougainville’s independence this week. Image: Post-Courier/BenarNews</figcaption></figure>
<p>Marape also suggested people may be secretly harbouring weapons in breach of the peace agreement and called on the UN to clarify the outcome of the disarmament process it supervised.</p>
<p>“Headlines have come out that guns remain in Bougainville. United Nations, how come guns remain in Bougainville?” Marape asked on Monday.</p>
<p>“You need to tell me. This is something you know. I thought all guns were removed from Bougainville.”</p>
<p><strong>PNG relies on aid</strong><br />By comparison, PNG has heavily relied on foreign financial assistance since independence, currently receiving at about US$320 million (1.3 billion kina) a year in budgetary support from Australia, and suffers <a href="https://www.benarnews.org/english/news/pacific/png-violence-50th-01082025205815.html" target="_blank" rel="noopener" rel="nofollow">regular tribal violence and massacres</a> involving firearms including assault rifles.</p>
<p>Bougainville Vice-President Patrick Nisira rejected Marape’s concerns about weapons, the <em>Post-Courier</em> newspaper reported.</p>
<p>“The usage of those guns, there is no evidence of that and if you look at the data on Bougainville where [there are] incidents of guns, it is actually very low,” he said.</p>
<p>Further talks are planned and are due to produce a report for the national Parliament by mid-2025, ahead of elections in Bougainville and PNG’s 50th anniversary celebrations in September.</p>
<p><em>Republished from BenarNews with permission.</em></p>
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		<title>Panguna share value doubles overnight after landowners opt to reopen mine</title>
		<link>https://eveningreport.nz/2022/02/16/panguna-share-value-doubles-overnight-after-landowners-opt-to-reopen-mine/</link>
		
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		<pubDate>Tue, 15 Feb 2022 13:17:58 +0000</pubDate>
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					<description><![CDATA[By Gorethy Kenneth in Port Moresby The dormant Bougainville Copper Limited share value has more than doubled overnight on the Australian Stock Exchange following a resolution to reopen the rich but controversial Panguna copper mine. Landowners from the mine area and the Autonomous Bougainville Government (ABG) signed a joint resolution last Friday to reopen the ]]></description>
										<content:encoded><![CDATA[<p><em>By Gorethy Kenneth in Port Moresby</em></p>
<p>The dormant Bougainville Copper Limited share value has more than doubled overnight on the Australian Stock Exchange following a resolution to reopen the rich but controversial Panguna copper mine.</p>
<p>Landowners from the mine area and the Autonomous Bougainville Government (ABG) signed a joint resolution last Friday to reopen the mine, causing the leap in its share price.</p>
<p>The ABG’s current 36.4 percent (146,175,449 shares) shareholding was worth K146.2 million (NZ$63 million) when the shares were worth 40 cents each on Thursday.</p>
<p>On Friday afternoon, however, the share value was worth K325.2 million (NZ$152 million) when they increased and closed at 89 cents, a jump of 122.5 per cent.</p>
<p>That is an increase of K179 million (NZ$89 million).</p>
<p>It shows what a little bit of good news and perhaps a demonstration of confidence in Bougainville can do.</p>
<p>ABG President Ishmael Toroama acknowledged and congratulated the five clans and their respective leadership for taking the bold stand to reopen the mine.</p>
<p><strong>Facilitate reopening process</strong><br />Toroama said that following the signing of the joint resolutions, the ABG through the Department of Mineral and Energy Resources and other relevant departments, would now work together with the landowner groups to facilitate the process towards the reopening.</p>
<p>The ABG government is confident that the mine reopening would be a major boost for Bougainville’s economic future and at the same time guarantee Bougainville’s political independence.</p>
<p>“Today marks the ending and the beginning of a new chapter, a chapter to realize Bougainville’s independence,” Toroama said.</p>
<p>BCL general manager and secretary Mark Hitchcock said the significant increase in the volume of BOC’s securities traded from 10 February 2022 to 11 February 2022 and the article published on the Autonomous Bougainville Government website entitled “Panguna Landowners and ABG agree to reopen Panguna Mine” dated 11 February 2022 contributed to the latter.</p>
<p>“We understand the article published relates to resolutions passed during a Panguna landowner summit that was supported by the ABG,” he said.</p>
<p>“The landowners appear to have agreed to work co-operatively with the ABG to reopen the Panguna Mine.</p>
<p>“According to the article the resolutions were endorsed by the chiefs of the five major Panguna clans and the ABG will now work with landowners to facilitate a process towards reopening.</p>
<p><strong>Fair representation of events</strong><br />“If the article is a fair representation of the events, then this would appear to demonstrate unity amongst the landowners and, would also boost confidence in the Autonomous Region of Bougainville as it pursues economic independence.</p>
<p>“Bougainville Copper Limited is engaged in investment activities.</p>
<p>The company’s assets include the Panguna mine and associated facilities on Bougainville, and equities listed on the Australian Securities Exchange.</p>
<p>“There is no change in the status of the shareholdings of the Autonomous Bougainville Government (ABG) and PNG shareholdings in BOC.</p>
<p>The PNG government’s commitment to transfer their shares to the ABG remains pending and both governments continue to hold 36.4 percent each of the shares in BOC.</p>
<p>“The judicial review of the ABG’s decision not to renew the exploration licence over Panguna remains in process and we anticipate proceedings to commence in the first quarter of 2022.”</p>
<p>The ABG has a 36.4 percent ownership stake in BCL, which is set to become a 72.8 percent majority share with the PNG national government committed to transferring over its 36.4 percent share.</p>
<p><strong>Active presence on the ground</strong><br />Hitchcock said BCL had long had an active presence on the ground in Bougainville with a locally engaged team.</p>
<p>It had continued supporting community projects and other initiatives.</p>
<p>Bougainville Copper’s board has strong levels of local representation with four prominent Bougainvillean directors – Sir Mel Togolo, David Osikore, James Rutana and Kearnneth Nanei.</p>
<p>Other board members are Sir Rabbie Namaliu, Sir Moi Avei, Dame Carol Kidu and Peter Graham.</p>
<p>“Over time, BCL has transformed into a truly local company,” Hitchcock said.</p>
<p class="dcr-1wj398p"><strong>Decade-long civil war</strong><br />Panguna mine was at the centre of a <a href="https://www.theguardian.com/world/2022/feb/11/panguna-mine-at-centre-of-bloody-bougainville-conflict-set-to-reopen-after-30-years" rel="nofollow">decade-long civil war between rebels in Bougainville and Papua New Guinea</a> security forces, reports <em>The Guardian.</em></p>
<p class="dcr-1wj398p">It was once one of the world’s largest and most profitable copper and goldmines and still contains an estimated 5.3 mllion tonnes of copper and 19.3m ounces of gold, which would make the reserves worth about $60 billion at today’s prices.</p>
<p class="dcr-1wj398p">In 1989, amid rising community anger at the environmental damage and the inequitable division of the mine’s profits, locals forced closure of the mine, blowing up Panguna’s power lines and sabotaging operations.</p>
<p class="dcr-1wj398p">The PNG government sent in troops against its own citizens to restart the foreign-owned mine, sparking a bloody, decade-long civil war. A peace settlement was brokered by New Zealand in 2001.</p>
<p><em>Gorethy Kenneth</em> <em>is a senior PNG Post-Courier journalist. This article is republished with permission.</em></p>
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