2016 ANNUAL REPORT - BCL
I ANNUAL REPORT 2016BOUGAINVILLE COPPER LIMITEDThe vision of Bougainville Copper Limited is to return to active exploration and profitable sustainable mining in the Autonomous Region of REPORT Bougainville Copper Limited1BACKGROUND 2THE YEAR IN BRIEF3CHAIRMAN S STATEMENT AND OUR YEAR IN REVIEW 6DIRECTORS REPORT8RESOURCE STATEMENT 9CORPORATE GOVERNANCE STATEMENT16FINANCIAL STATEMENTS36DIRECTORS DECLARATION37INDEPENDENT AUDIT REPORT41CORPORATE INFORMATION44DISTRIBUTION OF THE BENEFITSCONTENTSIncorporated in Papua New Guinea 007 497 8691 ANNUAL REPORT 2016From 1972 until 1989 when operations were suspended, Bougainville Copper Limited (Bougainville Copper or the company) operated a large open pit mine and processing facility at Panguna on Bougainville Island in the North Solomons Province of Papua New Guinea (PNG) producing copper concentrate containing significant quantities of gold and silver.
2 ˜˚˛˝˙ˆˇ˘ˆ ˚ ˆ ˆ On 30th June 2016, Rio Tinto announced that it was divesting its 53.8% shareholding in Bougainville Copper Limited. This has …
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