Prime Minister Marape Delivers Historic BCL Share Transfer to the People of Bougainville

Port Moresby, Thursday June 26 , 2025– In a landmark moment of reconciliation and national unity, Prime Minister James Marape has today officially transferred the National Government’s shares in Bougainville Copper Limited (BCL)—valued at approximately K14.3 million—to the people of Bougainville.

The historic transfer was sealed during a formal ceremony at Government Haus, witnessed by Governor General Sir Bob Dadae, with the signing of documents by Prime Minister Marape and Autonomous Bougainville Government (ABG) President Ishmael Toroama.

The move honours the commitment made in the 2020 Joint Supervisory Body (JSB) meeting, where the national government pledged to hand over its stake in BCL to the rightful landowners and people of Bougainville.

"This is a defining act of justice and recognition," said one supporter. “BCL built this country, and now it’s time we truly honour the people of Bougainville for their sacrifice and contribution. Prime Minister Marape has shown true leadership—delivering not just on promises, but on healing and empowerment.”

The transfer is being hailed as a powerful symbol of trust-building and progress in the ongoing peace process between Papua New Guinea and the Autonomous Region of Bougainville, as the region continues its path toward greater autonomy.