170317 Momis Commits to New BCL
By Aloysius Laukai
President of the Autonomous Bougainville Government Chief Dr John Momis has announced his support for the new Bougainville Copper Limited (BCL) .
The new BCL is partly owned by the Autonomous Bougainville Government, the National Government, Panguna Landowners and people of Bougainville.
President Momis said the ABG as regulator will work together and support BCL explore alternative Panguna development options that will accommodate the interest of project stakeholders to fast track the development of the Panguna resources.
“Since BCL was invited to formally re-engage in discussions in Bougainville in 2012, the landowners have consistently stated their preference to work with BCL as the developer,” Momis said.
Last month BCL paid outstanding payments to the landowners totalling more than FOURTEEN MILLION KINA.