Re-opening Paguna remains a priority
ALMOST 24 years after the suspension of mine operations at Paguna mine due to militant attacks, Bougainville Copper (BCL) has updated its resource estimate of the area. The open pit mine and adjacent processing facility were operational between 1972 and 1989, when mining was suspended because of consistent militant attacks on company personnel and operations. However, BCL – owned by Rio Tinto (53.83 per cent), the Government of Papua New Guinea (19.06 per cent) and 27.11 per cent publicly owned – remains committed to reopening the Bougainville Island mine, which hosts a large porphyry copper-gold deposit. In 2009, BCL prepared an order of magnitude study (OMS) with a resource estimate of around 1 billion tonnes grading 0.33 per cent copper...