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Bougainville independence talks may resume this week

Bougainville independence talks may resume this week

RNZ News4 days ago

The PNG government agreed to a Bougainville request for a moderator to be brought in to solve an impasse over the tabling of the region's independence referendum.
Photo:
123RF / RNZ Pacific
There are hopes in Papua New Guinea and Bougainville that talks on the independence issue will resume this week.
Bougainville's autonomous government (ABG) wants a commitment from PNG that it will table the results of an independence referendum in its parliament.
The Bougainville politicians place a lot of credence in this referendum, which, while non-binding, had a 97.7 percent backing for Bougainville to become independent.
Ten days of meetings earlier this month at the New Zealand military camp at Burnham, near Christchurch,
failed to reach resolution
.
Former NZ Governor-General Sir Jerry Mateparae is the independent moderator appointed to mediate a political pathway between Bougainville and Papua New Guinea. 13 June 2025
Photo:
Autonomous Bougainville Government
The moderator, former New Zealand Governor General, Sir Jerry Mateparae, said that meeting concluded with a proposal for a '
Melanesian relationship agreement'
which, he said, would be debated by the leaders in the last week of June.
What is in that 'Melanesian relationship,' put forward by Bougainville, hasn't been made clear.
But Bougainville Attorney General Ezekiel Masatt, said the ABG will not be accepting the PNG suggestions of 'free association' or some sort of 'confederation' within PNG.
Meanwhile, a former PNG Chief Secretary, Isaac Lupari, said the National Constitution doesn't allow for any part of the country to secede, so it up to parliament to decide on Bougainville's status.
Sir John Kaputin, a former MP and the former State negotiator for PNG on the Bougainville Peace Agreement, has reminded leaders of the need for compromise.
He said: "It's a two-way thing that leaders of Bougainville must be serious about their leadership among our people and it's up for the National Government to listen to what they are proposing."

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Pacific news in brief for 27 June
Pacific news in brief for 27 June

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Pacific news in brief for 27 June

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PNG hands over majority stakes in BCL to Autonomous Bougainville Government
PNG hands over majority stakes in BCL to Autonomous Bougainville Government

Scoop

time15 hours ago

  • Scoop

PNG hands over majority stakes in BCL to Autonomous Bougainville Government

The Papua New Guinea government is preparing to transfer its 36.45 percent ownership in Bougainville Copper Limited (BCL) to the Autonomous Bougainville Government. This transfer, valued at over PGK140.3 million (approx. NZ$56m) at current market rates, is expected to be formally announced by Prime Minister James Marape on Thursday. The transfer includes 146,175,449 ordinary shares in BCL. These shares are currently held by the State through the Department of Treasury and Eda Minerals Limited, a fully-owned subsidiary of Kumul Minerals Holdings. This represents a total of 36.45 percent of BCL's issued capital, in two separate tranches of 19.06 percent and 17.39 percent share respectively. The transfer follows a decision by the National Executive Council for the people of Bougainville to own the shares currently held by the State. This decision also meets a directive from the Joint Supervisory Body (JSB) in its meeting on 12 March 2020 for the State's 36.45 percent shareholding in BCL to be transferred to ABG. "I am pleased to see us making progress in this matter," Marape said. "It is our expressed commitment to transfer the entirety of the 36.45 percent shareholding to the government of Bougainville so the landowners of Panguna and the people of Bougainville can benefit better in the mine." The transfer of shares will result in the ABG and the people of Bougainville assuming ownership of 72.9 percent of BCL's issued capital. This transfer is being carried out at no cost to the ABG. Bougainville Copper Limited is a publicly listed company on the Australian Stock Exchange. Its share price is currently trading at AU$0.39 per share. The current market value of the shares being transferred to the people of Bougainville through ABG is AU$54,742,705. When converted to PNG currency, this is worth PGK140,365,511. Marape commended the ABG leadership of President Ishmael Toroama. He said this is a mutually reached decision on both sides that reflects the work of the two governments.

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