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Thursday
23 October 2014
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   TODAY'S STORIES
 
OIL AND GAS 
Sunny Horizon has ‘year of records’


HORIZON Oil has hailed a “year of records” with oil production in the 2014 financial year rocketing by 159% over the company’s average over the previous four years.
Full Story...


MORE OIL AND GAS

Interoil hits hydrocarbons in Kapau


Fatal plunge kills two Malaysian rig workers


Spot LNG rises


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MINING 
Newcrest on track


NEWCREST Mining has maintained its full-year guidance despite a 12% drop in gold production in the September quarter.
Full Story...


MORE MINING

Shutdown dents St Barbara production


Kula oversubscribed


Funding deal adds lustre to Sumatra


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MARKET WATCH 
Newcrest on track


NEWCREST Mining has maintained its full-year guidance despite a 12% drop in gold production in the September quarter.
Full Story...


MORE MARKET WATCH

InterOil jumps amid Woodside rumblings


Santos battles low oil prices


Moody’s flags PNG competitive advantage for Sime Darby


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PROJECT WATCH 
Interoil hits hydrocarbons in Kapau


INTEROIL has intersected the Kapau Limestone target zone during a $US300 million ($A324 million) oil and gas drill campaign in Papua New Guinea.
Full Story...


MORE PROJECT WATCH

Coppermoly renegotiates ‘beneficial’ changes to Barrick deal


Zeta request denied by Cue


Crater gets environment permit


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COMPANY WATCH 
Newcrest on track


NEWCREST Mining has maintained its full-year guidance despite a 12% drop in gold production in the September quarter.
Full Story...


MORE COMPANY WATCH

Shutdown dents St Barbara production


Sunny Horizon has ‘year of records’


Interoil hits hydrocarbons in Kapau


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REGIONAL WATCH 
Funding deal adds lustre to Sumatra


A $US45 million ($A51 million) loan facility recently signed by Sumatra Copper and Gold will result in the hedging of up to 65% of the company’s future precious metal production.
Full Story...


MORE REGIONAL WATCH

Fatal plunge kills two Malaysian rig workers


Warning on EITI transparency burden


Spot LNG rises


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ECONOMY 
Supply-demand basics to move industrial metals


INDONESIA’S ban on unprocessed metal exports may finally begin to significantly impact prices in the first quarter of 2015, according to Natixis.
Full Story...


MORE ECONOMY

PNG expands European economic engagement


Vital signs


PNG and South Korea deepen economic relations


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PNG LNG 
InterOil jumps amid Woodside rumblings


INTEROIL’s shares jumped to a session high yesterday amid speculation the Papua New Guinea-focused company may be a takeover target for Woodside Energy.
Full Story...


MORE PNG LNG

Santos battles low oil prices


PNG in airport talks with ExxonMobil


World Bank expects slower growth in developing east Asia Pacific


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POMSoX 
Buyback for BSP


THE Bank of South Pacific has increased the maximum quantity threshold of its share buyback scheme.
Full Story...




 


Newcrest on track


NEWCREST Mining has maintained its full-year guidance despite a 12% drop in gold production in the September quarter.
Full Story...


Nine charged in drug, arms raid linked to PNG


POLICE and border protection officers say they have dismantled an organised crime syndicate accused of importing a drug precursor into Australia and trying to export firearms to Papua New Guinea.
Full Story...


Shutdown dents St Barbara production


ST BARBARA has posted lower production, lower cash levels and higher costs for the September quarter, citing a maintenance shutdown and expenses related to its Pacific operations.
Full Story...

Sunny Horizon has ‘year of records’


HORIZON Oil has hailed a “year of records” with oil production in the 2014 financial year rocketing by 159% over the company’s average over the previous four years.
Full Story...


Interoil hits hydrocarbons in Kapau


INTEROIL has intersected the Kapau Limestone target zone during a $US300 million ($A324 million) oil and gas drill campaign in Papua New Guinea.
Full Story...


Kula oversubscribed


PAPUA New Guinea-focused Kula Gold has completed a heavily oversubscribed placement to raise about $A3.6 million for exploration activities at the Woodlark Island gold project.
Full Story...


Funding deal adds lustre to Sumatra


A $US45 million ($A51 million) loan facility recently signed by Sumatra Copper and Gold will result in the hedging of up to 65% of the company’s future precious metal production.
Full Story...


Fatal plunge kills two Malaysian rig workers


TWO workers have died after falling 35m off the Ensco 105 Jackup rig, according to Malaysian press reports.
Full Story...


Warning on EITI transparency burden


AUSTRALIA’S mining, oil and gas industries has given its blessing to the next stage of Australia’s Extractive Industries Transparency Initiative within its resources sector, with the caveat that it doesn’t create a further nightmare for industry or bureaucrats themselves.
Full Story...


Manus security improved, says O’Neill


PAPUA New Guinea Prime Minister Peter O’Neill has reassured Australian counterpart Tony Abbott that measures have been taken to improve security and management of processing at the Manus Island detention centre.
Full Story...


Frontier kicks off PNG drilling


FRONTIER Resources has kicked off drilling at the company’s high-grade gold prospect in Papua New Guinea.
Full Story...


CGI recommends ‘no’ vote for Newcrest directors


PROXY advisor CGI Glass Lewis has recommended Newcrest Mining shareholders vote against the re-election of two directors next week due to the company’s breach of continuous disclosure obligations last year.
Full Story...


PNG MP guilty of fraud


A PAPUA New Guinea MP has been found guilty of charges of fraud and corruption.
Full Story...


Heinz to axe PNG jobs


FOOD producer Heinz Watties has confirmed more than 240 jobs will be lost in Australia, New Zealand and Papua New Guinea under plans to make the US-based company more efficient.
Full Story...


Sporting opportunity


PAPUA New Guinea’s biggest sporting event is heading to the nation’s industrial capital this November. Marisa Howden reports from Lae.
Full Story...


Miner killed at Medusa’s Co-O


MEDUSA Mining has reported that a fatal accident occurred at its flagship Co-O gold mine in the Philippines Wednesday evening.
Full Story...





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