HOME ABOUT US ADVERTISE SUBSCRIBE HELP CONTACT eMag  
Sunday
1 March 2015
Make PNG my HomePage 
 
   TODAY'S STORIES
 
OIL AND GAS 
A landmark year for Oil Search


OIL Search has announced a net profit after tax of $US353.2 million ($A452.7 million) for the 2014 full-year – a whopping 72% increase on 2013.
Full Story...


MORE OIL AND GAS

Horizon bucks trend, records profit


Santos snaps up PNG licence


Antelope-5 intersection surprise


VIEW ALL STORIES

MINING 
Seafloor tool nearly ready for Nautilus


COMMISSIONING and factory acceptance testing of Nautilus Minerals’ auxiliary cutter has begun at Soil Machine Dynamics UK facility, Nautilus has announced.
Full Story...


MORE MINING

St Barbara ‘well positioned’ despite loss


Ramu cash for Highlands


Warm welcome for Anglo American


VIEW ALL STORIES

MARKET WATCH 
Year of the golden fleece?


THE YEAR of the sheep has kicked off solidly for gold with the precious metal climbing to its highest price in more than three weeks, according to Bloomberg.
Full Story...


MORE MARKET WATCH

ENB hosts DDA meeting


Oil Search doubts


Larger share of Misima pie


VIEW ALL STORIES

COMPANY WATCH 
New life for former PNG miner


QUINTESSENTIAL Resources has announced the closure of its prospectus offer last week, raising $5,062,236, and will be re-admitted on to the Australian Securities Exchange under its new name tomorrow.
Full Story...


REGIONAL WATCH 
Another step closer for Gulf’s smelter project


ASEAN-focused manganese ore and alloy producer Gulf Minerals Corporation has announced the construction of its West Timor manganese smelter was on track.
Full Story...


MORE REGIONAL WATCH

East Timor wants Sunrise as onshore development


Freeport gets reprieve


ANZ, Australia sign MOU for Pacific support


VIEW ALL STORIES

ECONOMY 
PNG govt sets forex controls


FOREIGN exchange controls have been imposed by the PNG government as Prime Minister Peter O’Neill calms fears about a lack of foreign currency in the country’s big banks.
Full Story...


MORE ECONOMY

Cheap oil, cheaper flights


Airlines to pool resources


Business should help in housing, tax reform


VIEW ALL STORIES

PNG LNG 
MV Papua arrives in PNG


THE PNG LNG project’s first custom-built carrier arrived in Papua New Guinea yesterday to load its first-ever cargo destined for customers in Asia.
Full Story...




 


Year of the golden fleece?


THE YEAR of the sheep has kicked off solidly for gold with the precious metal climbing to its highest price in more than three weeks, according to Bloomberg.
Full Story...


ENB hosts DDA meeting


DISCUSSIONS on implementing the national government’s District Development Authority (DDA) in Papua New Guinea’s provinces are taking place this week, with members of the Authority’s Secretariat meeting with provincial and district leaders in Kokopo, East New Britain.
Full Story...


Oil Search doubts


WHILE Oil Search is sticking by its “she’ll be right” swagger for the next five years secure in its cashed-up PNG LNG future, analysts have cast doubt over future sales that could be jeopardised if oil prices don’t recover.
Full Story...

Larger share of Misima pie


WCB Resources has increased its interest in Pan Pacific Copper’s Misima Island project in Papua New Guinea by a further 19%.
Full Story...


Newcrest cuts Evolution stake


GOLD major Newcrest Mining has netted $A106 million from a partial sell-down of its stake in smaller producer Evolution Mining.
Full Story...


Price fall forces hiring paradox conundrum


AUSTRALIA’S mining, oil and gas players forced to restructure due to falling iron ore and oil prices are risking their profitability as a result of axing their most expensive but most knowledgeable people, a leading human capital industry expert says.
Full Story...


PNG LNG optimisation


THE ExxonMobil-led PNG LNG project, which originally targeted 6.6 million tonnes per annum before upping this to 6.9mtpa during development in 2012, recently hit a rate of 7.1mtpa with further capacity potentially set to be unlocked.
Full Story...


A landmark year for Oil Search


OIL Search has announced a net profit after tax of $US353.2 million ($A452.7 million) for the 2014 full-year – a whopping 72% increase on 2013.
Full Story...


PNG govt sets forex controls


FOREIGN exchange controls have been imposed by the PNG government as Prime Minister Peter O’Neill calms fears about a lack of foreign currency in the country’s big banks.
Full Story...


Horizon bucks trend, records profit


HORIZON Oil has bucked the widespread loss-making trend for the second half of 2014, recording an after tax profit of $US7.3 million ($A9.4 million).
Full Story...


Seafloor tool nearly ready for Nautilus


COMMISSIONING and factory acceptance testing of Nautilus Minerals’ auxiliary cutter has begun at Soil Machine Dynamics UK facility, Nautilus has announced.
Full Story...


St Barbara ‘well positioned’ despite loss


OPERATIONAL performance at the Simberi mine and the suspension of the troublesome Gold Ridge project improved St Barbara’s half-year financial performance, though the company still posted a loss of $A20 million.
Full Story...


Another step closer for Gulf’s smelter project


ASEAN-focused manganese ore and alloy producer Gulf Minerals Corporation has announced the construction of its West Timor manganese smelter was on track.
Full Story...


Oil Search sponsors Pacific Games Relay


OIL SEARCH has been named official sponsor of the 15th Pacific Games Relay, an event that will visit all 22 of Papua New Guinea’s provinces in the lead up to the Pacific Games in July.
Full Story...


East Timor wants Sunrise as onshore development


EAST Timor’s new Prime Minister Rui Maria de Araujo has rejected Woodside Petroleum’s plans to process the Sunrise LNG project offshore, but his government maintains hope of an onshore development.
Full Story...


Ramu cash for Highlands


MINER Highlands Pacific has conditionally exercised its right to its share of a $44 million net cash surplus generated from Papua New Guinea’s Ramu nickel project, after the mine’s operator, Metallurgical Corporation of China, posted its first annual operating surplus last year.
Full Story...





USER INFO

Welcome to PNG
(GUEST)

  Click here to login
  Sign up today
  Manage Members




Company Search




Story Search







Advanced Search

UPCOMING
EVENTS
Australasian Oil & Gas Exhibition and Conference
Leading Safety Differently
2015 APPEA Conference & Exhibition
  View all events






ONLINE AND PRINT PUBLICATIONS
MiningNews.net
Mining industry news leader
MiningNewsJobs.net
Jobs and careers portal for the mining industry
MiningNewsPremium.net
Premium mining news coverage
EnergyNewsBulletin.net
Comprehensive energy industry news
EnergyNewsJobs
Jobs and careers portal for the energy industry
EnergyNewsPremium.net
Premium energy industry coverage
International
Coal News

Essential coal industry news
Construction
IndustryNews.net

Essential construction industry news
WME Business
Environment Network

Essential environmental management news
PNGIndustryNews.net
Essential PNG industry news
NoticiasDeMineracao.com
Brazil Mining News Leader
 

Australia's Mining Monthly
Powerful. Reliable.
RESOURCESTOCKS
Global resources investment magazine
International
Coal News

Essential coal industry news
CONTRACTOR
Australia's construction and earthmoving magazine
Cranes and Lifting Australia
The voice of the cranes and lifting industy
Inside Waste Magazine
Covering the waste industry.
WME Magazine
Leading environment business magazine
 

INDUSTRY NEWS PORTAL
IndustryNews.net
Portal to Aspermontís leading publications