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Tuesday
23 December 2014
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   TODAY'S STORIES
 
OIL AND GAS 
Santos secures facility with ANZ


OIL producer Santos has secured an additional $1 billion dollar bilateral bank loan facility from ANZ Banking Group.
Full Story...


MORE OIL AND GAS

Arctic budgets for PNG growth


Oil Search shareholding change


Former BP exec joins Interoil board


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MINING 
Coppermoly-Jade deal, round one, done


DOCUMENTS lodged with the Australian Securities Exchange last week confirm Coppermoly’s agreement with Jade Triumph International.
Full Story...


MORE MINING

Mining starts at Crater


Highlands looks into PNG joint venture


WCB on the money with Misima results


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MARKET WATCH 
Gold on rise, copper still shaky


The price of spot gold has bounced back from a two-week low on signs of rising Chinese demand.
Full Story...


MORE MARKET WATCH

Daewoo tells PM of plans to expand in PNG


Gold stays steady in 2014


Lae port upgrade on schedule


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PROJECT WATCH 
Shipbuilding contract signed for Nautilus


MARINE Assets Corporation has entered into a ship building contract with Fujian Mawei Shipbuilding for the vessel which will be deployed at the world’s first commercial seafloor copper-gold mine.
Full Story...


MORE PROJECT WATCH

Santos takeover fears


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COMPANY WATCH 
Santos shares dip after credit rating cut


SANTOS shares were down 8% in this morning’s trade in response to Standard & Poor’s credit rating downgrade yesterday.
Full Story...


MORE COMPANY WATCH

NGE bonds to cover interest


Indochine legal action


Coppermoly in trading halt


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REGIONAL WATCH 
Troubled Gold Ridge mine inching closer to an overflow


ST BARBARA has issued fresh warnings to locals near the Gold Ridge mine in the Solomon Islands and says the project’s tailings facility is still at risk of overflowing.
Full Story...


MORE REGIONAL WATCH

Exports, senate impact MYEFO


Nido looking forward to shake-out


NT pushes Timor-Leste business links


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ECONOMY 
Services to Aropa resume after 25 years


AIR Niugini have restarted services to Bougainville’s Aropa Airport after 25 years, with its first flight taking off over the weekend.
Full Story...


MORE ECONOMY

Daewoo tells PM of plans to expand in PNG


Gold stays steady in 2014


Lae port upgrade on schedule


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PNG LNG 
GLNG budget blowout flagged


MACQUARIE Wealth Management has maintained an outperform rating on Santos shares despite its reservations about the full costs of completing the Gladstone LNG project and the “disappointing guidance” unveiled this week.
Full Story...


MORE PNG LNG

Date set for leadership tribunal


'Big opportunity’ for PNG sovereign wealth fund


Santos takeover fears


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Bid to clean up PNG legal interaction


A REPORT received by the national government today will give clear direction, promote transparency and could save millions of kina in legal bills.
Full Story...


Santos secures facility with ANZ


OIL producer Santos has secured an additional $1 billion dollar bilateral bank loan facility from ANZ Banking Group.
Full Story...


Arctic budgets for PNG growth


CANADIAN energy company High Arctic Energy Services has budgeted $36 million for 2015, with a portion earmarked for the company’s operations in Papua New Guinea.
Full Story...

Coppermoly-Jade deal, round one, done


DOCUMENTS lodged with the Australian Securities Exchange last week confirm Coppermoly’s agreement with Jade Triumph International.
Full Story...


O’Neill opens new road in Madang


A NEW road has been completed in Madang Province as part of the national government’s commitment to improve infrastructure in Papua New Guinea.
Full Story...


Services to Aropa resume after 25 years


AIR Niugini have restarted services to Bougainville’s Aropa Airport after 25 years, with its first flight taking off over the weekend.
Full Story...


Oil Search shareholding change


THE Commonwealth Bank of Australia announced last week that it is no longer a substantial shareholder of energy company Oil Search.
Full Story...


O’Neill concerned over attacks on police


ATTACKS on police have Papua New Guinea’s Prime Minister Peter O’Neil calling for a review of procedures to better protect officers.
Full Story...


Gold on rise, copper still shaky


The price of spot gold has bounced back from a two-week low on signs of rising Chinese demand.
Full Story...


Daewoo tells PM of plans to expand in PNG


DAEWOO International has indicated its enthusiasm to expand operations in Papua New Guinea in a meeting with the country’s Prime Minister and Minister for Public Enterprise and State Investment on Wednesday.
Full Story...


Gold stays steady in 2014


THE price of gold remained stable in 2014 in the face of significant political and economic turmoil according to the ANZ’s latest gold market report.
Full Story...


Lae port upgrade on schedule


PHASE one of Lae’s port upgrade has been completed, which the Asian Development Bank said would boost safety and increase cargo-handling capacity.
Full Story...


Australia to help fund schools, education


BOOKS and school kits will be provided to expand education in Papua New Guinea’s highlands, said Foreign Minister Julie Bishop.
Full Story...


Mining starts at Crater


CRATER Gold Mining has become Papua New Guinea’s newest gold miner after starting operations at Crater Mountain.
Full Story...


Former BP exec joins Interoil board


INTEROIL has appointed Katherine Hirschfeld, a former Australasian BP oil and gas executive, to its board, effective on January 1 next year.
Full Story...


Highlands looks into PNG joint venture


HIGHLANDS Pacific and international trading house Sojitz Group have signed a series of agreements which will see Sojitz fund exploration at Highlands’ Sewa Bay nickel tenement in Papua New Guinea.
Full Story...





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