Australia's Bougainville Copper falls on class action at mine

Bougainville Copper

23/05/2024 04:31

** Shares of Australia's Bougainville Copper  BOC.AX  fall
as much as 4.9% to A$0.58 to hit their lowest since April 17
    ** The copper miner says it has been served with a class
action regarding the Bougainville copper mine, which was
previously held by Rio Tinto  RIO.AX  
    ** Class action alleges mining practices at the mine
resulted in social harm and damaging environmental impacts in
the area
    ** BOC says it intends to defend those proceedings
    ** Stock has risen 79.4% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))