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Business Description: Bougainville Copper Limited (BOC) has produced copper concentrate containing gold and silver from a mine at Panguna, Bougainville, Papua New Guinea, from 1972 until operations were suspended due to militant activity in May 1989. The Company now derives investment income and is owned 53.83% by Rio Tinto Limited.
Strategy Analysis: BOC is working towards preparation for the possible re-commencement of operations at the Panguna mine site. The political situation has stabilised and there is some appetite for the development of copper and gold reserves. BOC is working towards establishing the present value of existing mine assets and accessing the sites from local landowners.
Bougainville Copper reported a net loss of K3.78m for the half-year ended 30 June 2011. Revenues from ordinary activities were K2.31m, down 67% from last year. Basic and Diluted EPS was (0.94) toea compared to 0.70 toea last year. The net operating cash inflow was K1.49m compared to an outflow of K4.38m in the pcp. No dividend was declared.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...