In a landmark move symbolising both economic empowerment and political aspiration, the Government of Papua New Guinea has formally transferred its entire 36.45 per cent stake in Bougainville Copper Limited (BCL) to the Autonomous Bougainville Government (ABG). The shareholding—comprising 146,175,449 ordinary shares valued at approximately PGK 140 million (A$54.7 million)—was previously split between the Department of
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Australia Papua New Guinea Business Council