Articles for tag: Bougainville, Copper, extension, licence, Panguna, soars

February 2, 2024

Ron Finklestien

mining

Bougainville Copper’s Dramatic Surge with Panguna Licence Extension Bougainville Copper’s Dramatic Surge with Panguna Licence Extension

In a seismic shift, Bougainville Copper Limited (BCL) skyrocketed an astronomical 128% on the Australian Securities Exchange (ASX), closing at A$0.80 a share. The reason behind this unprecedented surge? The Papua New Guinea autonomous region’s government dangled an extension of the license for the mothballed Panguna copper mine, once a goliath asset. The Regional Revival A peace agreement in 2001 brought an end to the conflict that once engulfed the region, anchoring a foundation for autonomy and setting the stage for Bougainville’s landmark 2019 independence referendum from Papua New Guinea. The overwhelming vote for secession, however, necessitates government ratification, a

January 4, 2024

Ron Finklestien

mining

Atico Mining: La Plata Mining Concession Extension Fueling Share Surge Atico Mining: La Plata Mining Concession Extension Fueling Share Surge

Atico Mining: Securing Long-term Growth Atico Mining, a Latin America-focused mining exploration company, has sparked investor enthusiasm with an announcement of a favorable long-term extension for its La Plata mining concession in Ecuador. The company revealed that the Ecuadorian government’s decision to extend the concession creates a conducive environment for Atico to advance its investment plans in La Plata. Notably, in a forward-looking scenario, the company also has the option to apply for an additional 25-year extension in 2048, further solidifying its position in the region. A Historic Gem: La Plata Project The La Plata project, wholly owned by Atico,