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Tuesday
28 April 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Price slump hits Oil Search revenue


OIL Search production dipped 5% last quarter, and revenue was down 16% as the company grappled with lower oil prices.
Full Story...


MORE OIL AND GAS

Searcher sizing up PNG, Philippines potential


Oil, gas firms fund cyclone research


NPCP seeking billions to develop energy projects


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MINING 
GRAM offer not fair or reasonable


PANAUST has reiterated its rejection of a takeover offer by shareholder Guangdong Rising Asset Management after an independent expert determined the offer was neither fair nor reasonable.
Full Story...


MORE MINING

Nossal leaves MMG for Newcrest


Geoscience MOU promotes cooperation


More good results for Isabel


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MARKET WATCH 
Asian demand heightens gold’s appeal


GOLD has recovered from the biggest drop in six weeks, as China and the US are showing signs of slowing economic growth.
Full Story...


MORE MARKET WATCH

Analysts still buoyant on Oil Search


PNG in ‘group 9’: S&P


Newcrest margins soar


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COMPANY WATCH 
Cels named country manager for DHL in PNG


DAVID Cels has been appointed as DHL Global Forwarding country manager in Papua New Guinea after a stint in the company’s industrial projects sector.
Full Story...


MORE COMPANY WATCH

Porgera claimants settle with Barrick


New Digicel boss for PNG


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REGIONAL WATCH 
Switch flicked on Antam furnace


AUSTRALIAN-listed Indonesian ferronickel player Antam has advanced its Pomalaa ferronickel expansion project by switching on the Furnace-4 facility.
Full Story...


MORE REGIONAL WATCH

Civmec studies regional centre


UN helps Vanuatu rebuild


Tender closes for Badak LNG shipments


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ECONOMY 
Conference to help PNG tourism, SMEs


INCREASED engagement with Asian and African countries could help Papua New Guinea further develop its tourism and small and medium enterprise sectors.
Full Story...


MORE ECONOMY

PM promotes partnership with business


SE Asia is ‘third engine of growth’


Downstream the way to go: O’Neill to OBG


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Conference to help PNG tourism, SMEs


INCREASED engagement with Asian and African countries could help Papua New Guinea further develop its tourism and small and medium enterprise sectors.
Full Story...


GRAM offer not fair or reasonable


PANAUST has reiterated its rejection of a takeover offer by shareholder Guangdong Rising Asset Management after an independent expert determined the offer was neither fair nor reasonable.
Full Story...


PM promotes partnership with business


PRIME Minister Peter O’Neill’s meetings with Westpac Bank and GE highlight the institutions’ contributions to Papua New Guinea’s economic growth.
Full Story...

Nossal leaves MMG for Newcrest


MMG executive general manager – business development Michael Nossal will leave the company in July to take up a role with gold producer Newcrest Mining.
Full Story...


SE Asia is ‘third engine of growth’


PREDICTIONS that ASEAN could replace China as the world’s leading manufacturing centre in the next 10-15 years has the ANZ labelling the region as the ‘third engine of growth’ alongside China and India.
Full Story...


Geoscience MOU promotes cooperation


TECHNICAL cooperation between Indonesia and Papua New Guinea has been given a boost with the signing of a memorandum of understanding mid-April.
Full Story...


More good results for Isabel


INFILL drilling at Axiom’s Isabel nickel project in the Solomon Islands continues to confirm the presence of high-grade nickel mineralisation.
Full Story...


Switch flicked on Antam furnace


AUSTRALIAN-listed Indonesian ferronickel player Antam has advanced its Pomalaa ferronickel expansion project by switching on the Furnace-4 facility.
Full Story...


Asian demand heightens gold’s appeal


GOLD has recovered from the biggest drop in six weeks, as China and the US are showing signs of slowing economic growth.
Full Story...


Analysts still buoyant on Oil Search


THE oil price retreat that took some gloss off Oil Search’s March quarterly production report has not dimmed analysts’ positive consensus view on the company as one of the best going around for its size.
Full Story...


PNG in ‘group 9’: S&P


INTERNATIONAL ratings agency Standard and Poor’s has registered Papua New Guinea’s banking sector as ‘group 9’ under its Banking Industry Country Risk Assessment.
Full Story...


Newcrest margins soar


NEWCREST Mining has posted a strong March quarterly report, with production and margins up, and costs and debt down, while continuing to toy with the idea of selling the Telfer mine in Western Australia.
Full Story...


Elk-Antelope shipments expected in 2021.


TOTAL expects the first LNG cargoes from Papua New Guinea’s Elk-Antelope project to be shipped in 2021.
Full Story...


Civmec studies regional centre


CIVMEC and Technip are examining the viability of a new facility in Indonesia, to support the region’s resources and construction sectors with Civmec expected to buy 21ha of strategically located waterfront land with deep-water access in Batam.
Full Story...


St Barbara slashes costs


NEW March quarter figures have shown a strong reduction in costs for St Barbara as it continues to extend a share price rally.
Full Story...


Price slump hits Oil Search revenue


OIL Search production dipped 5% last quarter, and revenue was down 16% as the company grappled with lower oil prices.
Full Story...





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