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Friday
24 May 2013
Make PNG my HomePage
TODAY'S STORIES
WANTOK
State-owned disarray
(Friday, 24 May 2013)
PNG’s human development indices remain in a woeful state because of the lack of performance of various government departments and poor delivery of services.
Full Story...
MORE WANTOK
Frieda transparency missing from Xstrata agenda
Stagnation PNG
Falling gold dents PNG budget
VIEW ALL STORIES
OIL AND GAS
Exxon starts exclusive negotiations
(Friday, 24 May 2013)
EXXONMOBIL has been selected as the Papua New Guinea government’s preferred operator for InterOil’s Elk-Antelope discoveries in Gulf province with exclusive negotiations underway.
Full Story...
MORE OIL AND GAS
Horizon lands a tier 1 partner
AWE books another 50 million barrels
Pertamina sent DD team to PNG: source
VIEW ALL STORIES
MINING
High-grade find
(Friday, 24 May 2013)
EXPLORER PNG Gold Corporation has struck a 2.5m intersection grading 51.21 grams per tonne gold among the latest drilling results at its Imwauna project on Normanby Island.
Full Story...
MORE MINING
Ramu mine chief replaced
Anglo reshuffles board, appoints CFO
Nautilus fixes court date
VIEW ALL STORIES
MARKET WATCH
Oil Search builds momentum
(Friday, 24 May 2013)
OIL Search was an interesting gainer this week as analysts started to realise this major PNG LNG stakeholder was undervalued.
Full Story...
MORE MARKET WATCH
State-owned disarray
Horizon lands a tier 1 partner
High-grade find
VIEW ALL STORIES
REGIONAL WATCH
Anglo reshuffles board, appoints CFO
(Wednesday, 22 May 2013)
ANGLOGOLD Ashanti has shuffled its executive team in an attempt to streamline its business, with changes ahead for its Australian division.
Full Story...
MORE REGIONAL WATCH
More cuts needed: Deutsche Bank
Last of the dead freed at Big Gossan
Intrepid shareholders confident of win
VIEW ALL STORIES
PNG LNG
Exxon starts exclusive negotiations
(Friday, 24 May 2013)
EXXONMOBIL has been selected as the Papua New Guinea government’s preferred operator for InterOil’s Elk-Antelope discoveries in Gulf province with exclusive negotiations underway.
Full Story...
MORE PNG LNG
Oil Search to continue drilling spree
PNG LNG airfield complete
O’Neill defends PNG LNG benefits
VIEW ALL STORIES
Exxon starts exclusive negotiations
(Friday, 24 May 2013)
EXXONMOBIL has been selected as the Papua New Guinea government’s preferred operator for InterOil’s Elk-Antelope discoveries in Gulf province with exclusive negotiations underway.
Full Story...
Oil Search builds momentum
(Friday, 24 May 2013)
OIL Search was an interesting gainer this week as analysts started to realise this major PNG LNG stakeholder was undervalued.
Full Story...
State-owned disarray
(Friday, 24 May 2013)
PNG’s human development indices remain in a woeful state because of the lack of performance of various government departments and poor delivery of services.
Full Story...
Horizon lands a tier 1 partner
(Friday, 24 May 2013)
HORIZON Oil has agreed to sell 40% of its Papua New Guinea assets to Japanese LNG importer Osaka Gas for $US204 million cash under a new strategic alliance to develop a “midscale” LNG scheme in PNG’s Western province.
Full Story...
High-grade find
(Friday, 24 May 2013)
EXPLORER PNG Gold Corporation has struck a 2.5m intersection grading 51.21 grams per tonne gold among the latest drilling results at its Imwauna project on Normanby Island.
Full Story...
Ramu mine chief replaced
(Wednesday, 22 May 2013)
AFTER years of overseeing the development of Papua New Guinea’s only nickel laterite mine, Ramu NiCo president Luo Shu was reportedly replaced, with the operation expected to miss its full production goal by at least 1.5 years.
Full Story...
Anglo reshuffles board, appoints CFO
(Wednesday, 22 May 2013)
ANGLOGOLD Ashanti has shuffled its executive team in an attempt to streamline its business, with changes ahead for its Australian division.
Full Story...
Nautilus fixes court date
(Wednesday, 22 May 2013)
ARBITRATION proceedings between the Papua New Guinea government and deep-sea explorer Nautilus Minerals are continuing, with the hearing set for August 26 in Sydney.
Full Story...
More cuts needed: Deutsche Bank
(Wednesday, 22 May 2013)
BHP Billiton and Rio Tinto need to make further dramatic cost cuts to their Australian coal operations because they are no longer considered tier one assets, warns Paul Young, senior resources analyst at Deutsche Bank.
Full Story...
Last of the dead freed at Big Gossan
(Wednesday, 22 May 2013)
TODAY has been declared a day of mourning at the Grasberg mine in Indonesia's Papua province, with the final bodies recovered following last Tuesday’s Big Gossan collapse.
Full Story...
Intrepid shareholders confident of win
(Wednesday, 22 May 2013)
QUANTUM Pacific Capital says it is in regular contact with the Indonesian title holders of the Tujuh Bukit project and is confident it can secure a stake in the property in 6-9 months.
Full Story...
White collar crime crackdown
(Wednesday, 22 May 2013)
PNG PRIME Minister Peter O’Neill aims to introduce tough penalties for white collar crime, while the government’s finance department will face a corruption probe that could include Interpol and Australian Federal Police assistance.
Full Story...
AWE books another 50 million barrels
(Wednesday, 22 May 2013)
AWE has booked 50 million barrels of oil under proved and probable reserves following a review of its Ande Ande Lumut oil project in Indonesia by Perth-based RPS Energy Services.
Full Story...
Gold exploration down
(Wednesday, 22 May 2013)
FALLING metals prices, drops in equity valuations and lingering concerns over the strength of the global economy have had a serious impact on minerals exploration, with gold exploration down to less than half of what it was a year ago.
Full Story...
Pertamina sent DD team to PNG: source
(Monday, 20 May 2013)
WHILE Pertamina is yet to comment on the rumour it has made a bid for InterOil’s Elk-Antelope field, a new source has told
PNGIndustryNews.net
that the major Indonesian LNG producer has twice sent a due diligence team to view InterOil’s sites in Papua New Guinea.
Full Story...
Explorer updates
(Monday, 20 May 2013)
QUINTESSENTIAL Resources has hit a peak grade of 6.32 grams per tonne gold in recent trench sampling at its Irak prospect in Papua New Guinea, while Coppermoly has appointed a new chairman to replace Dr Geoff Booth, who took the helm five months ago.
Full Story...
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PNG’s human development indices remain in a woeful state because of the lack of performance of various government departments and poor delivery of services.
