![Mr Taylor set a timeframe for the reopening and hopes talks on the Bougainville Copper Agreement will start this year. [Ok Tedi Mine CMCA Review]](http://www.abc.net.au/reslib/201102/r715939_5645469.jpg "Mr Taylor set a timeframe for the reopening and hopes talks on the Bougainville Copper Agreement will start this year. [Ok Tedi Mine CMCA Review]")
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The Rio-Tinto subsidiary, Bougainville Copper, says it hopes to reopen the Panguna copper mine on Papua New Guinea's island of Bougainville within five years.
Bougainville Copper Chairman, Peter Taylor, spoke to investors at the Papua New Guinea Australia Business Forum for the first time since a civil war closed the mine 20 years ago.
Mr Taylor said his company had learnt from past mistakes and is ready to take a new approach to talks aimed at reopening the mine.
He said he wants landowners and the autonomous government of Bougainville to set the agenda and take equity in the project.
Mr Taylor set a three to five-year timeframe for the reopening but acknowledged that despite good progress on reconciliation there are still many hurdles to cross.
He said he hopes talks on the Bougainville Copper Agreement will start this year.
Bougainville Copper Chairman, Peter Taylor, spoke to investors at the Papua New Guinea Australia Business Forum for the first time since a civil war closed the mine 20 years ago.
Mr Taylor said his company had learnt from past mistakes and is ready to take a new approach to talks aimed at reopening the mine.
He said he wants landowners and the autonomous government of Bougainville to set the agenda and take equity in the project.
Mr Taylor set a three to five-year timeframe for the reopening but acknowledged that despite good progress on reconciliation there are still many hurdles to cross.
He said he hopes talks on the Bougainville Copper Agreement will start this year.
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