Bougainville Executive Council Approves 25-Year Mining Lease for Bougainville Minerals Ltd

The Autonomous Bougainville Government has officially approved a 25-year large-scale mining lease for Bougainville Minerals Limited. This marks a significant milestone as it is the first such lease to be granted under the region's recently revised mining legislation.

The Bougainville Executive Council (BEC) confirmed the approval of Large-Scale Mining Lease No. 01 (LSML-01) after the recent enactment of the Bougainville Mining (Amendment) Act 2026. This new law is expected to guide the responsible development of the region's mineral resources.

The granting of this lease signifies a new chapter for mining in Bougainville, aiming to balance resource extraction with environmental and social considerations under the updated legal framework. Further details on the specific terms and conditions of the lease are anticipated following this official confirmation.