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The latest update is out from Bougainville Copper ( (AU:BOC) ).
The Independent State of Papua New Guinea has transferred 146,175,449 ordinary shares in Bougainville Copper Limited, equivalent to 36.45% of the company’s issued capital, to the Autonomous Bougainville Government (ABG), including shares previously held via state-owned enterprise Eda Minerals Limited. Following these transactions, which do not alter the company’s total issued capital, the ABG now owns or controls approximately 72.9% of Bougainville Copper’s shares (including its interest through Bougainville Minerals Ltd), significantly consolidating local governmental control over the company and potentially reshaping governance, strategic direction, and stakeholder dynamics in Bougainville’s resource sector.
More about Bougainville Copper
Bougainville Copper Limited is a Papua New Guinea–incorporated company listed on the ASX, historically associated with mineral resources development in the Autonomous Region of Bougainville. Its shareholder base includes government entities and institutional nominees, reflecting a focus on large-scale resource ownership and control in the region.
Average Trading Volume: 187,836
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$356.9M
For detailed information about BOC stock, go to TipRanks’ Stock Analysis page.