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Saturday
28 March 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Kina exploration advances, despite weather


KINA Petroleum is readying its drilling rig in Madang as part of its exploration efforts in Papua New Guinea, despite adverse weather conditions posing access problems at the drill sites.
Full Story...


MORE OIL AND GAS

Positive results spur InterOil exploration


Capital raising update: Larus


High Arctic revenue record


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MINING 
Funding sought for HGZ


A CLEANSING notice was issued by Crater Gold yesterday to raise additional funds for its Crater Mountain project in Papua New Guinea.
Full Story...


MORE MINING

Winches ready for Solwara 1 vessel


Mining is a ‘horrible’ business: Casey


Porgera claims without merit: Barrick


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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.
Full Story...


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 
Sime Darby completes NBPOL acquisition


PALM oil producer Sime Darby has exercised its right to the compulsory acquisition of all remaining shares in New Britain Palm Oil (NBPOL).
Full Story...


MORE COMPANY WATCH

Former power CFO joins InterOil


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REGIONAL WATCH 
OM increases smelter share


SINGAPORE based OM Holdings this week said that it had bought a 5% stake in Samalaju Industries’ (SISB) Sarawak smelter project, bringing its total interest to 75%.
Full Story...


MORE REGIONAL WATCH

New well producing for Horizon


3P reserves grow 29% for GSS


Airline gets safety tick of approval


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ECONOMY 
X2 to be the PE catalyst


BLOOMBERG Intelligence head of global metals & mining research Ken Hoffman says there is $US60 billion ($A77 billion) of private equity money sitting on the sidelines with an investment by Mick Davis’ X2 Resources to be a trigger.
Full Story...


MORE ECONOMY

BPNG clamps down on illegal kina trading


Madang fisheries grow


ROSC to improve PNG attractiveness to investment


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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...




 


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.
Full Story...


Trafigura quietly ups Highlands stake


TRADING giant Trafigura spent more than $A4 million this week to quietly up its stake in Papua New Guinea-focused Highlands Pacific.
Full Story...


PNG leads the way in Pacific growth, says ADB


LNG EXPORTS from Papua New Guinea are expected to drive up the Pacific’s GDP growth average to 10.7%, according to an Asian Development Bank report.
Full Story...

Seeking new partner for Garaina


PACIFIC Niugini is looking for a new joint venture partner to further its Garaina copper-gold project in Papua New Guinea’s Morobe Province.
Full Story...


OM increases smelter share


SINGAPORE based OM Holdings this week said that it had bought a 5% stake in Samalaju Industries’ (SISB) Sarawak smelter project, bringing its total interest to 75%.
Full Story...


Funding sought for HGZ


A CLEANSING notice was issued by Crater Gold yesterday to raise additional funds for its Crater Mountain project in Papua New Guinea.
Full Story...


X2 to be the PE catalyst


BLOOMBERG Intelligence head of global metals & mining research Ken Hoffman says there is $US60 billion ($A77 billion) of private equity money sitting on the sidelines with an investment by Mick Davis’ X2 Resources to be a trigger.
Full Story...


Winches ready for Solwara 1 vessel


UMBILICAL winches for Nautilus Minerals’ seafloor production tools have completed factory acceptance testing.
Full Story...


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...


Sime Darby completes NBPOL acquisition


PALM oil producer Sime Darby has exercised its right to the compulsory acquisition of all remaining shares in New Britain Palm Oil (NBPOL).
Full Story...


New well producing for Horizon


HORIZON Oil said yesterday its latest Maari growth development well in New Zealand had started production, with the initial capacity to pump out about 7800 barrels of oil per day.
Full Story...


Mining is a ‘horrible’ business: Casey


CASEY Research Doug Casey told Mines and Money Hong Kong that mining is a horrible business and it’s not going to get better.
Full Story...


3P reserves grow 29% for GSS


GSS ENERGY has announced that its Indonesian oil wells contain an estimated 32.8 million barrels, according to a qualified persons report by independent evaluator Senergy Oil & Gas Singapore.
Full Story...


Porgera claims without merit: Barrick


BARRICK Gold says it believes a potential claim by the Justice Foundation for Porgera has no legal merit.
Full Story...


TIPNG addresses corruption


CORRUPTION in Papua New Guinea’s banking and financial sector was recorded as the third highest complaint made to the Transparency International PNG advocacy and legal advice centre, according to PNG Today.
Full Story...


BPNG clamps down on illegal kina trading


ONLY six authorised dealers would be available to anyone wishing to trade in the kina and foreign currencies, as Papua New Guinea’s central bank cracks down on foreign banks trading in its currency.
Full Story...





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