Bougainville Copper Limited · ASX:BOC
Bougainville Copper — Corporate Update (September 2011)
13 slides from Bougainville Copper's corporate update, Sep 30, 2011
Slide 1: Update Presentation press release
For personal use only Press Release 29 September, 2011 UPDATE PRESENTAION Attached is a presentation prepared by the Chairman for the shareholders. Paul Coleman Company Secretary
Slide 2: Bougainville Copper Limited 2011 Update
BOUGAINVILLE COPPER LIMITED 2011 Update For personal use only Bougainville Copper Limited 1
Slide 3: Agenda
Agenda For personal use only • Context • The New Panguna • Vision • Strategy • Risks and opportunities • Path to redevelopment Bougainville Copper Limited 2
Slide 4: Planning Process
Planning Process For personal use only Bougainville Copper Limited 3
Slide 5: Context
Context For personal use only • Landowner support for reopening the mine is increasing; • Militants are becoming more amenable to re-opening but are being replaced by outside parties with vested business interests opposed to reopening the mine; • The current ABG and PNG governments are supportive bu
Slide 6: The New Panguna
The New Panguna For personal use only 1. A direct partnership with Bougainville 2. Development and benefits focused on Bougainville 3. Bougainvillean awareness and training Bougainville Copper Limited 5
Slide 7: Vision
Vision For personal use only Reopen the Panguna Mine The conditions required to achieve this are: •Bougainville community and government support; •Law and order re-established on Bougainville; •Historic compensation and legal issues resolved; •Certainty in regulatory and fiscal mining regimes; •The
Slide 8: Strategy
Strategy For personal use only Achieve social and political license to operate. •Engage with stakeholders to gain endorsement for redevelopment, resolve historic issues and negotiate a satisfactory MDC Maintain the company •Ensure BCL remains solvent, implement appropriate health and safety systems,
Slide 9: Risks and Opportunities (1/4)
Risks and Opportunities (1/4) Achieve social and political license to reopen the Panguna Mine For personal use only Risks •Delay – Landowners unable to form associations – Militants and other vested parties delay access – Site safety program delayed – National election slows progress – Relationship
Slide 10: Risks and Opportunities 2/4
Risks and Opportunities 2/4 Prepare BCL to redevelop Panguna For personal use only Risks •Experienced staff leave company •Major shareholder doesn’t support. •Tax case loss could cost company 25% of cash •US litigation impacts development commitment •Mining Lease is not extended for long enough peri
Slide 11: Risks and Opportunities 3/4
Risks and Opportunities 3/4 Manage physical assets For personal use only Risks •Mercury pollution from artisanal alluvial miners. •Not being able to peacefully remove artisanal alluvial miners. •Personnel injured at site. Opportunities •Goodwill generated from tailings remediation as requested by AB
Slide 12: Risks and Opportunities (4/4)
Risks and Opportunities (4/4) Return to operation For personal use only Risks •No acceptable tailings disposal method agreed •Access to site denied because of third party vested interests •Project value over estimated •Copper and gold prices don’t support redevelopment Opportunities •Project value i
Slide 13: Path to achieve the Vision
Path to achieve the Vision For personal use only Landowners represented & site access safe Landowners & ABG endorse redevelopment Historic compensation issues resolved ABG-PNG relationship and BCL shares resolved ABG re-establishes law and order ML extension MDC Preparation Negotiation Production Oo
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