Bougainville Copper (ASX:BOC) said there has been "no production" at the Panguna copper-gold project in Papua New Guinea since May 15, 1989, according to a Wednesday filing with the Australian bourse.
The announcement came as the company reached an agreement with the Autonomous Bougainville Government to resolve disputes over exploration rights at Panguna, with the government extending Bougainville Copper's exploration license on the project for another five years, Finance News Network reported on the same day.
Chief Executive Mark Hitchcock said the extension is a "crucial step" as the company re-establishes Panguna as a key economic asset, Finance News Network wrote.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。