Companies circle Bougainville like vultures – waiting for the natural resource bonanza
In what seems a relentless cycle of resource companies lining up to take a bite out of Bougainville, on Monday Nevis Capital Corporation purchased a 50% stake in Tall J (PNG) Ltd (see the announcement below). Tall J, is currently owned by Stephen Strauss, whose was the subject of a expose published via the MicroKhan blog in 2011, which includes a detailed response from Strauss himself (see below). According to the company press release Tall J has rights to pristine Bougainville forest with timber valued at $1.3 billion, in addition to mineral exploration rights over 255,000 acres of land. So what do we know about this company who has evidently purchased a large chunk of Bougainville? Not much. It has one subsidiary, registered in, gulp, Costa Rica, which focuses on the online gaming industry. From one swindling industry to another, it would seem. And the company’s website hardly inspires confidence, either. http://www.neviscapcorp.com/ But as long as government economic policy hinges