News and Public Notices

The ABG has signed a Memorandum of Understanding (MoU) with Lloyds Metals & Energy Limited (LMEL) to establish a structured platform for consultation on major development priorities.   

President Hon. Ishmael Toroama described the signing as a significant milestone for Bougainville, noting that the framework for collaboration will support the region in exploring development opportunities in a structured, transparent, and well-coordinated manner.

“Thank you, Lloyds Metal, for us entering into this agreement. ABG has entered into so many agreements, promises that were signed, trying to revive and ensure that they make all agreements work, today the challenge is here with us,” he said.

The MoU provides a formal pathway for consultation and collaboration on selected major development opportunities across Bougainville. These include infrastructure, social services, economic development, and potential large-scale mining investment projects.

President Toroama stated that the new framework aligns with Bougainville’s broader development agenda and complements the support of its long-standing partners. He reaffirmed that the ABG remains committed to working with all partners who contribute meaningfully to Bougainville’s economic empowerment and independence readiness.

Managing Director of Lloyds Metals & Energy Limited, Mr. Balasubramanian Prabhakaran, in his presentation to the ABG political and administrative leadership, acknowledged Bougainville’s difficult past and assured the ABG that LMEL approaches this collaboration with respect and acknowledges Bougainville’s long-term development goals.

Mr. Prabhakaran said the company recognizes Bougainville’s resilience and innovative spirit, and that this strength inspires their intention to work with the ABG.

Lloyds Metals & Energy Limited is an established Indian corporation with long-standing operations in mining and steel manufacturing and large-scale industrial operations in India and abroad through its associated entities. 

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