Bougainville Copper Limited is an independently-managed company of Papua New Guinea that is publicly listed on the ASX (Australian Securities Exchange).
Bougainville Copper’s main 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 PNG and Bougainville have a significant stake in Bougainville Copper, 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.
Bougainville Copper has a strong local board and management team that knows Bougainville extremely well. The board is led by chairman Sir Melchior Togolo, a prominent Bougainvillean, with extensive experience in the minerals sector.
The board also features former PNG prime minister Sir Rabbie L. Namaliu, former parliamentarians Dame Carol A. Kidu and Sir Moi Avei who was Minister for Bougainville Affairs, signing the Bougainville Peace Agreement (2001), leading PNG resources industry figure, Peter Graham and Bougainvillean geologist David Osikore who has had over 30 years’ experience in the exploration and mining industries in both Papua New Guinea and Australia.
The appointments of two additional well respected Bougainvilleans, local businessman James Rutana and lawyer Kearnneth Nanei in November 2021 further strengthened the Board. Both were nominated by the ABG which remains a significant shareholder (36.4 per cent) in Bougainville Copper and after appropriate due diligence were appointed.
All Bougainville Copper’s activities are guided by a firm commitment to strong local engagement, as the future development of Panguna will only be realised with the unequivocal support of both Papua New Guinean and Bougainvillean governments, landowners and the community more broadly.