Bougainville President Rejects Chinese Mining Partnership for Panguna Mine and Directs Engagement with Indian Firm
President Ishmael Toroama has rejected a partnership with a Chinese miner for the Panguna mine. He instead directed a shift toward an Indian company.
Insights:
President Ishmael Toroama ishmael toroamaof the autonomous region of Bougainville has publicly rejected a proposed partnership between Bougainville Copper Limited and the Chinese mining company CMOC Group Limited to reopen the Panguna gold-copper mine. The president instead directed Bougainville Copper Limitedto engage the Indian company Lloyds Metals & Energy Limited for a mining or services partnership contract model. This decision alters the near-term investor path for the mine as the region seeks to rebuild its economy ahead of a 2027 deadline for independence from Papua New Guinea 
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