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European Shareholders To Port Moresby For Meeting

European Shareholders To Arrive In Port Moresby For Bougainville Copper General Annual Meeting

A delegation of the European Shareholders of Bougainville Copper Ltd. (ESBC) is expected to arrive in Port Moresby earlier next week.

In a statement published on Monday in Bangkok (Thailand) ESBC-President Axel G. Sturm pointed out that the ESBC want to help to overcome old anxieties and doubts between the parties concerned: "It must be clear that future mining on Bougainville must avoid environmental damage and that the people of Bougainville take a maximum of profit by professional mining," said Mr. Sturm, "I am very glad that Mr. Swen Lorenz who recently wrote an outstanding study on Panguna will be with us. Mr. Lorenz will bring an excellent in-put of ideas to the assembly. We, the ESBC, expect a strong vote of all Bougainvilleans that they want BCL come back to the island and to build up a prosperous future for them. Every day where the mine is not open is a lost day for Bougainville."

ESBC-President Axel G. Sturm is supposed to stay six days in PNG for in-depth-discussions before leaving to Singapore for further talks.

ENDS

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