Peter Taylor Resigns From BCL

Peter Taylor has resigned from his role of Chairman of Bougainville Copper Limited following the decision by Rio Tinto to transfer its shareholding in the company to an independent trustee.

Robert Burns has been appointed acting Chairman and a board meeting of BCL will be held on Monday, 4 July 2016.

The board of directors are presently considering the consequences of this action and are taking appropriate advice on the affect it may have on the BCL.

Adam Burley has also resigned from the board of directors.

The board of BCL expressed their gratitude to Peter for his service as a director from 1997 and as a chairman from 2003. The board also thanked Adam for his service since 2013.