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Wednesday
2 September 2015
 
 
   TODAY'S STORIES
 
OIL AND GAS 
Oil Search buoyed by PNG LNG


PAPUA New Guinea-focused oil and gas producer Oil Search has posted the highest half-year profit in its 86-year history off the back of production being up almost 50%, despite delivering into materially weaker oil and gas markets.
Full Story...


MORE OIL AND GAS

Horizon in the black


Profit crash for Santos


Knox leaves Santos


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MINING 
Fees due for Niuminco


PAPUA New Guinea focused miner Niuminco will have its securities immediately suspended from official quotation by the Australian Securities Exchange today if it fails to pay listing fees.
Full Story...


MORE MINING

Isabel drilling update


Drilling hits targets


$40M bounce back for St Barbara


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MARKET WATCH 
Gold declines as US grows


BETTER-than-expected growth figures in the US had gold prices declining for a fourth day, further increasing chances the Federal Reserve will begin tightening interest rates.
Full Story...


MORE MARKET WATCH

Repsol stakes claim


Connecting PNG


Working to up Pacific trade with the US


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COMPANY WATCH 
Kina Securities achieves dual listing


KINA Securities has been listed on both the Australian and Papua New Guinea stock exchanges following its initial public offering.
Full Story...


REGIONAL WATCH 
Losses hit OM Holdings


A CHALLENGING market environment has been cited by manganese miner OM Holdings for a 43% fall in half yearly revenues to $A148.3 million in 2015 compared to the same period in 2014 ($259.9 million).
Full Story...


MORE REGIONAL WATCH

Productive population to peak


Total exits coal production


Biogas float to test market


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ECONOMY 
UK trade follows up


A FOLLOW-UP trade mission comprised of private sector investors will head to Papua New Guinea in early October to build on the momentum generated by the UK-PNG Trade and Investment Forum held in June.
Full Story...


MORE ECONOMY

Rice partnership


Fisheries centre good for Rabaul


Gov’t policies restrict growth


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Fees due for Niuminco


PAPUA New Guinea focused miner Niuminco will have its securities immediately suspended from official quotation by the Australian Securities Exchange today if it fails to pay listing fees.
Full Story...


O’Neill’s responds to landowners


PRIME Minister Peter O’Neill has responded to issues raised by landowner groups in Hela province pertaining to the payment of benefits and government obligations under the Umbrella Benefits Sharing Agreement (UBSA) and the license-based benefits sharing agreements (LBBSA).
Full Story...


UK trade follows up


A FOLLOW-UP trade mission comprised of private sector investors will head to Papua New Guinea in early October to build on the momentum generated by the UK-PNG Trade and Investment Forum held in June.
Full Story...

Isabel drilling update


PHASE one of the resource definition drilling campaign on the Isabel nickel project is expected to conclude this week, with Axiom Mining reporting operations had progressed to Havihua Ridge.
Full Story...


Drilling hits targets


AN EXPLORTION campaign by Highlands Pacific and Sojitz has identified extensive nickel mineralisation at the former’s EL1761 tenement at Sewa Bay, with two main areas covering 7 square kilometres which registered hits of more than 1% nickel.
Full Story...


Losses hit OM Holdings


A CHALLENGING market environment has been cited by manganese miner OM Holdings for a 43% fall in half yearly revenues to $A148.3 million in 2015 compared to the same period in 2014 ($259.9 million).
Full Story...


Rice partnership


PAPUA New Guinean’s Trukai Industries and its Australian shareholder Sunrice have welcomed the government’s initiative to foster domestic rice production by limiting imports.
Full Story...


Productive population to peak


INDONESIA’S productive population is expected to peak between 2020 and 2030, decreasing the dependence ratio to its lowest level and giving the country a ready workforce for its economy.
Full Story...


Gold declines as US grows


BETTER-than-expected growth figures in the US had gold prices declining for a fourth day, further increasing chances the Federal Reserve will begin tightening interest rates.
Full Story...


Repsol stakes claim


SPANISH energy firm Repsol is claiming a stake in Papua New Guinea’s LNG industry, with development and operations manager Mike Fox saying the company is committed and is focused on monetising its resources.
Full Story...


Connecting PNG


UK-HEADQUATERED firm SpeedCast International has been awarded a multi-year, multi-million dollar contract by Papua New Guinea-focused InterOil to deliver satellite communications and network services in the Gulf Province.
Full Story...


Working to up Pacific trade with the US


STRONGER collaboration has been identified as a way for Pacific Island economies to better access the US market.
Full Story...


Ausdrill looks forward


A $A175.6 million loss for the financial year was posted by Ausdrill, but the company said the current downturn could be close to bottoming out.
Full Story...


PNG backs India


PAPUA New Guinea has thrown its support behind India’s push for a permanent seat at the United Nations Security Council during last week’s Forum for Indian-Pacific Islands Cooperation summit.
Full Story...


Oil Search buoyed by PNG LNG


PAPUA New Guinea-focused oil and gas producer Oil Search has posted the highest half-year profit in its 86-year history off the back of production being up almost 50%, despite delivering into materially weaker oil and gas markets.
Full Story...


$40M bounce back for St Barbara


IN A REMARKABLE turnaround for the 2015 financial year, ST Barbara has posted a net profit of $A39.7 million just one year after recording a $501 million loss.
Full Story...





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