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Thursday
2 April 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Santos calls AGM


SANTOS announced its AGM last week, which is scheduled to be held at the Adelaide Convention Centre on Thursday April 30.
Full Story...


MORE OIL AND GAS

Second LNG wave to hit Oz by 2018


NGE completes PPL 269 sale


Kina exploration advances, despite weather


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MINING 
Management shake-up as Crater moves ahead


CRATER Gold chairman Sam Chan accepted the resignation of managing director Greg Starr yesterday in a reshuffle of the company’s board and executive management.
Full Story...


MORE MINING

Bearish outlook for gold


Shareholder update: Foyson


Wartsila maintains power at Newcrest’s Lihir


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MARKET WATCH 
Partnership model for Barrick


BARRICK Gold has taken a page from the financial services industry and opted for a partnership model as part of its ‘back to the future’ strategy, according to Bloomberg.
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MORE MARKET WATCH

Trafigura quietly ups Highlands stake


PNG leads the way in Pacific growth, says ADB


Seeking new partner for Garaina


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COMPANY WATCH 
New Digicel boss for PNG


DIGICEL boss John Mangos has stepped down as the telco’s CEO, making way for Maurice McCarthy to assume the top position in Papua New Guinea.
Full Story...


MORE COMPANY WATCH

Sime Darby completes NBPOL acquisition


Former power CFO joins InterOil


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REGIONAL WATCH 
Santos in major Malaysia discovery


SANTOS, its PNG LNG partner JX Nippon and Inpex have made a “significant” oil discovery at the Bestari-1 exploration well in the Deepwater Block R production sharing contract offshore Malaysia.
Full Story...


MORE REGIONAL WATCH

Conoco backs Asian player for Bayu-Undan


OM increases smelter share


New well producing for Horizon


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ECONOMY 
Program to increase local SME ownership


A NEW government push to get Papua New Guineans into small and medium enterprises was announced last week by Prime Minister Peter O’Neill.
Full Story...


MORE ECONOMY

X2 to be the PE catalyst


BPNG clamps down on illegal kina trading


Madang fisheries grow


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PNG LNG 
PNG LNG tweaks further Japanese interest


THE first shipment of cargo from the PNG LNG project to Japan last May has triggered more interest from Japanese businessmen in Papua New Guinea as a potential investment destination, Japanese ambassador Morio Matsumoto said.
Full Story...




 


Management shake-up as Crater moves ahead


CRATER Gold chairman Sam Chan accepted the resignation of managing director Greg Starr yesterday in a reshuffle of the company’s board and executive management.
Full Story...


Bearish outlook for gold


FRENCH investment bank Natixis is expecting gold to fall back towards $US1000 an ounce next year as the yellow metal loses its safe haven appeal.
Full Story...


Shareholder update: Foyson


FOYSON chairman Paul Dickson has updated shareholders regarding the company’s activities in Papua New Guinea in an extraordinary general meeting held yesterday which included a detailed presentation on the company’s green energy project with IGE.
Full Story...

Santos calls AGM


SANTOS announced its AGM last week, which is scheduled to be held at the Adelaide Convention Centre on Thursday April 30.
Full Story...


Wartsila maintains power at Newcrest’s Lihir


GLOBAL power plant services supplier Wartsila has signed a three-year service agreement with Newcrest Mining for maintenance of their power plants at the Lihir gold mine in Papua New Guinea.
Full Story...


New contracts boost Ausenco


AUSENCO has secured $A177 million of additional revenue in recent months, with new work including an extension at Newcrest Mining’s Lihir Island project in Papua New Guinea.
Full Story...


Second LNG wave to hit Oz by 2018


AUSTRALIA will experience a new LNG investment cycle as soon as 2018, just as the current group of mega-projects in Queensland, Darwin and Western Australia go online, according to emerging Norwegian oil and gas consultancy Rystad Energy.
Full Story...


BCL directors up for re-election


THREE Bougainville Copper directors are up for election with shareholders being asked to vote at the AGM to be held on April 29 in Port Moresby.
Full Story...


Earthquake prompts PNG tsunami alert


A TSUNAMI alert was issued by the Pacific Tsunami Warning Centre shortly after an earthquake occurred off the coast of New Ireland, Papua New Guinea, early today.
Full Story...


PanAust rockets on takeover offer


LAOS-focused PanAust has received a fresh takeover offer from its major shareholder, with the new deal valuing the copper and gold miner at $A1.1 billion.
Full Story...


NGE completes PPL 269 sale


NEW Guinea Energy has completed the sale of its 50% interest in PPL 269 to Santos subsidiary Barracuda Ltd, repaying just over $A24 million in convertible equity bonds to Quantum Strategic Partners.
Full Story...


Indochine collapses


INDOCHINE Mining has appointed voluntary administrators after being unable to secure funding for its Mt Kare project in Papua New Guinea.
Full Story...


Program to increase local SME ownership


A NEW government push to get Papua New Guineans into small and medium enterprises was announced last week by Prime Minister Peter O’Neill.
Full Story...


Santos in major Malaysia discovery


SANTOS, its PNG LNG partner JX Nippon and Inpex have made a “significant” oil discovery at the Bestari-1 exploration well in the Deepwater Block R production sharing contract offshore Malaysia.
Full Story...


Millennium goals will not be met: UN


PAPUA New Guinea would not be able to meet any of its 2015 Millennium Development goals, and one of the reasons for this was corruption, according to the United Nations.
Full Story...


Conoco backs Asian player for Bayu-Undan


CONOCOPHILLIPS has awarded Hong Kong telecommunications service provider SpeedCast International a multi-year, multi-million dollar contract for delivery of satellite communications services by for an asset in the Bayu-Undan field in the Timor Sea between Darwin and Timor-Leste.
Full Story...





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