Bougainville Copper Limited (BCL) has announced the redevelopment of the Panguna mine, which is expected to bring extensive benefits to Bougainville. The project, currently in the pre-feasibility stage, operates under a five-year exploration license renewed in January 2024. BCL, primarily staffed by Bougainvilleans, aims to generate new revenue streams, improve local infrastructure, and create employment and training opportunities. Due to limited resources, the company is focusing on the Panguna area while seeking investment and mining partnerships to further the project's impact.
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