Bougainville Investment News: Update Nevis Announces Investment in Bougainville Development, LLC PRESS RELEASE : Nevis Announces Investment in Bougainville Development, LLC Jul 21, 2014 OTC Disclosure & News Service Lake Kiowa, TX - Nevis Capital Corporation (OTC: OCEE), is pleased to announce that they have signed a final agreement with Bougainville Development, LLC, a Mississippi Limited Liability Company, to acquire a 50% ownership of Bougainville Development in an all-stock transaction consisting of Nevis common stock. The principal asset of Bougainville is a wholly owned subsidiary, Tall J(PNG) Ltd. of Papua, New Guinea, that has the contractual rights with the Papua Government to harvest the timber and to explore and develop the underlying minerals on 255,000 acres in Section 1645. Bougainville has a current investment in excess of $ 4,000,000 USD in this project. Mr. Stephen Strauss, BD Director, estimates that production should commence within 12-15 months for delivery of finished materials to Asian markets. Surveys from ITTO estimate that this tract contains approximately 2.5 million cubic meters of timber valued at $ 1.3 Billion at current prices, generating estimated revenues of $ 37 Million annually over a 35 year production and reforestation cycle. The Papua Government has endorsed the economic growth and development of their natural resources. Exxon Mobil has recently invested $ 19 Billion in Papua, NG, building one of the largest Liquid Natural Gas (LNG) projects in the world which began shipments in May with anticipated annual revenues of $ 7.2 billion. Nevis Capital expects the operational profits from this investment, the previously announced US producing oil and gas investment and expansions thereof, the Macau Live Online Gaming investment, and initiatives to acquire interests in profitable Medical Marijuana ancillary product producers to rapidly increase shareholder value for this development stage holding company. New Dawn report June 2014 President of Bougainville, Chief John L. Momis, today challenged “Me’ekamui Government’s” Philip Miriori to be honest about Bougainville mining issues. He was responding to a statement saying discussions about mining can happen only after the referendum on independence, and calling for Australian advisers to “go home”. President Momis said: “It’s amusing to see Mr. Miriori say mining can happen only after the referendum. For it’s widely known in Bougainville just how deeply involved Miriori is already involved in mining. It was he who worked closely with the Americans involved in Tall J Foundation Ltd. That company tried to do industrial mining of gold on the tailings on the Jaba River. But the people chased them away. Then a Chinese investor in Tall J. Tried to get his lost money back by bringing in Chinese to gather and sell scrap metal from Panguna. Then there is the Australian, Ian Renzie Duncan, at different times involved with Australian mining companies Zeus Resources and Trnaspacific Ventures. It was he who wrote Mr. Miriori’s speech delivered when Prime Minister O’Neill visited Panguna. It’s widely talked about in central Bougainville that Miriori is investing with Mr. Duncan, and that Duncan is taking alluvial gold supplied by Miriori. “These are just a few of the mining interests that Mr. Miriori is involved in. It’s these and other mining interests that have take him off so regularly to meetings in Cairns, Brisbane, Perth, Singapore, and other business tourist destinations. Everyone around Panguna knows one thing for sure: no other Me’ekamui President has done more foreign travel than Miriori! “But with all his deep involvement in mining already, how can he talk about decisions on mining waiting until after the referendum? I challenge him to be honest about his long history of mining interests. “I also challenge him to be equally honest about foreign advisers. He says Australian funded advisers are not welcome
Posted on: Wed, 30 Jul 2014 23:27:06 +0000
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