Panguna mine life may hinder financing: BCL

INTERNATIONAL financiers may be reluctant to provide an estimated $1.5 billion to restart the abandoned Panguna copper-gold mine in Bougainville Island, PNG, said Bougainville Copper (BCL) company secretary Paul Coleman.

Panguna mine life may hinder financing: BCL Panguna mine life may hinder financing: BCL Panguna mine life may hinder financing: BCL Panguna mine life may hinder financing: BCL Panguna mine life may hinder financing: BCL

He said the mine's estimated remaining life of about 15 years made it less attractive to investors, though he admitted the company could only calculate the exact amount needed by visiting the mine.

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