Panguna

Report from the Rio Tinto AGM in London on 15 April 2010

Panguna Mine, Bougainville
Clive Porabou from Bougainville said that the company’s BCL subsidiary had caused massive destruction to land in Bougainville and its operations had led to a war which had cost 20,000 lives. A court case had been brought against the company in the USA. Would the company compensate the people of Bougainville for the destruction it had caused? BCL was now trying to go back in and reopen the mine, which would repeat the whole process. Would Rio Tinto warn them of the dangers of doing so?
Jan du Plessis said that the company had not operated in Bougainville since 1989. When it did operate, it employed 2800 people and contributed 10% of Papua New Guinea’s GDP. In 2001 a peace agreement was signed between the PNG Government and the separatists. The company understands that it cannot recommence operations without proper consultation with the stakeholders.
Tom Albanese said that the company respects the long-term peace process and the actions of the Government of Bougainville, the landholders and the Government of Papua New Guinea.
It is noteworthy that neither the Chairman nor the CEO commented on the lawsuit brought against the company in the USA.

See the full report at http://londonminingnetwork.org/2010/04/report-on-the-london-agm-of-rio-tinto-15-april-2010/

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