Bougainville Copper Limited (BCL) today is an independently-managed company of Papua New Guinea that is publicly listed on the ASX (Australian Securities Exchange).
BCL’s core 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 Bougainville have a significant stake in the BCL of today, with the Autonomous Bougainville Government (ABG) holding a 36.4 per cent share in the company, as does the Independent State of Papua New Guinea. This followed the departure of Rio Tinto in mid-2016.
The BCL management team boasts many decades of mining experience and is supported by a highly-regarded board, led by chairman Robert Burns and including former PNG prime minister Sir Rabbie L. Namaliu, Dame Carol A. Kidu and Sir Moi Avei.
Prominent Bougainvillean Mel Togolo and leading PNG resources industry figure, Peter Graham, also joined the board in 2017.
BCL’s activities are being guided by a comprehensive, four-staged redevelopment plan underwritten by a firm commitment to local engagement as broad and enduring community support is critical if mining at Panguna is to recommence.
The company has made some solid progress under the first stage and has established a full-time presence in Bougainville by opening an office in Buka and appointing a locally-based manager and engagement team.
The Bougainville Copper Foundations (BCF) is a not-for-profit subsidiary of BCL which proudly supports educational opportunities for Bougainvillean students through the provision of scholarships.