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Friday
3 September 2010
Make PNG my HomePage
TODAY'S STORIES
OIL AND GAS
BAM Clough lands $A287M PNG LNG job
(Friday, 3 September 2010)
THE BAM Clough Joint Venture has been awarded a letter of intent to proceed with the design and construction of the liquefied natural gas and condensate offloading jetty for the PNG LNG project.
Full Story...
MORE OIL AND GAS
Horizon brightening
InterOil moves to settle lawsuit
GE snaps up PNG LNG work
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MINING
Forging ahead on New Britain copper
(Friday, 3 September 2010)
Impressive exploration acreage being developed in good company raises the bar in Papua New Guinea for Coppermoly.
Full Story...
MORE MINING
Two plaintiffs pull out of Ramu tailings injunction
PNG gold miner posts $10M profit
Hunt resigns from Lihir
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MARKET WATCH
mw
(Friday, 3 September 2010)
Full Story...
MORE MARKET WATCH
Forging ahead on New Britain copper
Two plaintiffs pull out of Ramu tailings injunction
BAM Clough lands $A287M PNG LNG job
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LEGAL
Two plaintiffs pull out of Ramu tailings injunction
(Friday, 3 September 2010)
TWO of the five plaintiffs involved in an injunction to stop the construction and operation of a deepsea tailings placement system at the $US1.4 billion ($A1.5 billion) Ramu nickel development in Papua New Guinea, have pulled out of the court action.
Full Story...
REGIONAL WATCH
Kingsgate on the hunt
(Friday, 6 August 2010)
KINGSGATE Consolidated is on the acquisition hunt and has plans to fill the void among Australia-listed gold plays left by Newcrest Mining’s takeover of Lihir Gold.
Full Story...
mw
(Friday, 3 September 2010)
Full Story...
Forging ahead on New Britain copper
(Friday, 3 September 2010)
Impressive exploration acreage being developed in good company raises the bar in Papua New Guinea for Coppermoly.
Full Story...
Two plaintiffs pull out of Ramu tailings injunction
(Friday, 3 September 2010)
TWO of the five plaintiffs involved in an injunction to stop the construction and operation of a deepsea tailings placement system at the $US1.4 billion ($A1.5 billion) Ramu nickel development in Papua New Guinea, have pulled out of the court action.
Full Story...
BAM Clough lands $A287M PNG LNG job
(Friday, 3 September 2010)
THE BAM Clough Joint Venture has been awarded a letter of intent to proceed with the design and construction of the liquefied natural gas and condensate offloading jetty for the PNG LNG project.
Full Story...
PNG gold miner posts $10M profit
(Friday, 3 September 2010)
PAPUA New Guinea gold producer Allied Gold has turned around a loss-making performance last year to post a net profit of $A10.2 million for 2009-2010 from revenues of $67.5 million.
Full Story...
Horizon brightening
(Friday, 3 September 2010)
FULL production from the offshore Taranaki Maari oil field and the sale of a half interest in PRL 4, Papua New Guinea, have allowed Horizon Oil to return to profit.
Full Story...
Hunt resigns from Lihir
(Friday, 3 September 2010)
LIHIR Gold managing director and chief executive officer Graeme Hunt has resigned, following a decision by the National Court of Papua New Guinea to approve the merger between Lihir and Newcrest Mining.
Full Story...
InterOil moves to settle lawsuit
(Friday, 3 September 2010)
INTEROIL has reached an agreement to settle all claims against it and its subsidiaries brought by a group of plaintiffs.
Full Story...
Aspermont turnaround
(Friday, 3 September 2010)
Aspermont, the publisher of
PetroleumNews.net
, has posted a net profit after tax of $1.24 million for the year ended June 30, 2010.
Full Story...
Oil rallies, metals mixed
(Friday, 27 August 2010)
US oil prices rallied for a second day in a row, despite a substantial increase in US crude reserves. Singapore’s Tapis crude also made gains, rising $US3 to close at $81.46.
Full Story...
Lihir posts improved profits
(Friday, 27 August 2010)
PAPUA New Guinea gold miner Lihir Gold has posted profits after tax for the half year of $US142.5 million ($A160 million), up 17% from the $121.5 million recorded in the December half.
Full Story...
GE snaps up PNG LNG work
(Friday, 27 August 2010)
GE Oil & Gas has secured contracts to supply equipment and long-term service to the $US15 billion ($A16.8 billion) PNG LNG project.
Full Story...
Exploration work to continue in PNG
(Friday, 27 August 2010)
OIL Search is planning to continue its exploration efforts in Papua New Guinea aimed at building gas reserves and its portfolio in the offshore Papuan Basin.
Full Story...
Ramu tailings system subject of court hearing
(Friday, 27 August 2010)
A COURT date of September 21 has been set for Highlands Pacific and its Chinese partners regarding the injunction over the construction and operation of a deep sea tailings placement system at its $US1.4 billion ($A1.58 billion) Ramu nickel-cobalt project in Papua New Guinea.
Full Story...
Oil down, gold moves up
(Friday, 20 August 2010)
US oil prices rose earlier this week after the stock market closed higher as materials were boosted by BHP Billiton’s $US38.56 billion bid for the world’s largest fertiliser producer, Potash Corp of Saskatchewan.
Full Story...
Ok Tedi’s future *Exclusive*
(Friday, 20 August 2010)
PNG’S giant Ok Tedi copper-gold mine was scheduled to close in 2013 but further open cut mining and the introduction of underground mining looks set to give the operation another seven years. Ok Tedi Mining’s Ian Sheppard reveals the next steps ahead.
Full Story...
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TWO of the five plaintiffs involved in an injunction to stop the construction and operation of a deepsea tailings placement system at the $US1.4 billion ($A1.5 billion) Ramu nickel development in Papua New Guinea, have pulled out of the court action.
