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Sunday
3 May 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.
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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 
Better week for base metals


NICKEL and copper gained some ground this week, while it was a volatile few days for the gold price.
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MORE MARKET WATCH

Paraka report release delayed


Prime Minister backs Elk-Antelope


Magnitude-6.7 earthquake hits PNG


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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.
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MORE COMPANY WATCH

Porgera claimants settle with Barrick


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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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Better week for base metals


NICKEL and copper gained some ground this week, while it was a volatile few days for the gold price.
Full Story...


Paraka report release delayed


PNG's National Court has moved to prevent a Commission of Inquiry report being tabled in parliament regarding payments to legal firms by government agencies.
Full Story...


Prime Minister backs Elk-Antelope


ON A recent project visit to Elk-Antelope, PNG Prime Minister Peter O’Neill thanked project operator Total for its involvement and its commitment to work with the government and joint venture partners.
Full Story...

Magnitude-6.7 earthquake hits PNG


THE Papua New Guinea island of New Britain, east of the mainland coast, was hit by a magnitude-6.7 earthquake yesterday.
Full Story...


Quarterly record at Simberi


ST BARBARA’S Simberi operations in Papua New Guinea have produced 22,498 ounces of gold in the first quarter of 2015, a 30% increase over the previous quarter.
Full Story...


Raintree-1 underway for Kina


Kina Petroleum's drilling program at Raintree-1 is now underway, marking the culmination of significant operational and technical work and the backing of farm-in partner Heritage Oil.
Full Story...


Medusa’s production down in Philippines


THE shut down and subsequent ramp-up of a shaft at Medusa Mining’s Co-O gold mine in the Philippines is to blame for higher costs and lower production during the March quarter.
Full Story...


St Barbara gets out of Solomon Islands


AUSTRALIAN mining company St Barbara has enjoyed gains in the market following the announcement of a deal to off-load its troubled Solomon Islands' gold play to a local company.
Full Story...


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...





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