Port Moresby | June 26, 2025
In an unprecedented act of reconciliation and national solidarity, Prime Minister James Marape today handed over the National Government’s shares in Bougainville Copper Limited (BCL) to the people of Bougainville, marking a significant milestone in the region’s journey toward autonomy and healing.
The shares, valued at approximately K14.3 million, were formally transferred during a ceremony held at Government Haus in Port Moresby. The event was witnessed by Governor General Sir Bob Dadae and dignitaries from both the National Government and the Autonomous Bougainville Government (ABG).
The transfer was sealed with the official signing of documents between Prime Minister Marape and ABG President Ishmael Toroama—a powerful display of commitment to past agreements and a hopeful future.
Fulfilling a 2020 Commitment
This landmark moment delivers on a key pledge made by the National Government during the 2020 Joint Supervisory Body (JSB) meeting. That agreement committed to returning the state’s shares in BCL to the traditional landowners and people of Bougainville, acknowledging the deep scars left by the Panguna mine conflict and the broader Bougainville Crisis.
Prime Minister Marape described the share transfer as “a step in the right direction” and a testament to the government’s respect for the sacrifices made by the people of Bougainville.
“Today, we give back what rightfully belongs to the people. This is more than just a business decision—it’s a moral responsibility. We are honouring history, restoring dignity, and building a future based on trust and mutual respect.” — Prime Minister James Marape
A Moment of Recognition and Healing
Supporters of the move praised the Prime Minister’s leadership, calling the act a “defining moment of justice.”
“BCL built this country,” said one emotional supporter, “and now it’s time we truly honour the people of Bougainville for their sacrifice and contribution. This is real leadership—delivering not just on promises, but on healing and empowerment.”
A Symbol of Progress Toward Autonomy
President Toroama also welcomed the transfer as a meaningful step in the peace and reconciliation process.
“This gesture by the national government strengthens our relationship and signifies that we are moving forward—together. It reaffirms the Bougainville people’s rightful place in managing their own resources.” — President Ishmael Toroama
The BCL share transfer is now being recognized as a significant milestone in Bougainville’s long-standing struggle for self-determination. It also comes as the region continues its transition under the Bougainville Peace Agreement and prepares for greater autonomy, with final political settlement discussions underway.
Looking Ahead
Today’s historic act is expected to improve confidence in the peace process, restore economic ownership to the people, and support ongoing dialogue between Port Moresby and Buka.
As Papua New Guinea navigates a delicate but promising chapter in its national story, this gesture signals more than just policy — it symbolizes healing, restitution, and shared progress.
