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Wednesday
27 May 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Maari growth on track


PRODUCTION from OMV's MR7A development well in New Zealand's Taranaki Basin has boosted aggregate production from the Maari field to more than 15,000 barrels of oil per day.
Full Story...


MORE OIL AND GAS

PM Razak urges industry to tackle challenges


A transformative year for Oil Search: Lee


Larus buoyed by seismics


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MINING 
Barrick inks Porgera partnership


FRESH from the sale of its Cowal operation to Evolution Mining on Monday, Barrick Gold will sell half of its 95% stake in the Porgera mine in Papua New Guinea to Chinese major Zijin Mining.
Full Story...


MORE MINING

Frontier to take on Gold Ridge


Be patient, stresses cost-cutting Kula


Highlands progressing ‘on all fronts’: MacDonald


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MARKET WATCH 
Too much gold, not enough copper


AN OVERSUPPLY of gold is having a detrimental effect on the commodity, with investors and some executives criticising mining companies for producing too much high-cost gold, according to Bloomberg.
Full Story...


MORE MARKET WATCH

Green light for PMIZ


K92 to buy Kainantu


Kina partner locked in


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REGIONAL WATCH 
Arbitration for Bumi Armada


LEGAL counsel for Malaysian offshore oilfield service provider Bumi Armada said it had good prospects of success in defending claims made by Sea Srl over a RM64.2 million service contract.
Full Story...


MORE REGIONAL WATCH

Investment needed for Indonesian infrastructure


Maari growth on track


Deep sea tailings success


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ECONOMY 
PNG wants inclusive economic development: Abel


PAPUA New Guinea Planning Minister Charles Abel attended the APEC Trade Ministers’ Meeting in the Philippines over the weekend to discuss issues relating to small and medium enterprises, the reduction of tariffs and advancing the concept of an Asia Pacific free-trade area.
Full Story...


MORE ECONOMY

Increased dividends for BSP shareholders


Tuna shares fraud feared


Digicel connects expo


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PNG LNG 
Happy anniversary for PNG LNG production


ANOTHER milestone was reached last week by the PNG LNG project when it celebrated one year since the start of production.
Full Story...




 


Barrick inks Porgera partnership


FRESH from the sale of its Cowal operation to Evolution Mining on Monday, Barrick Gold will sell half of its 95% stake in the Porgera mine in Papua New Guinea to Chinese major Zijin Mining.
Full Story...


PM calls for more capacity building in PNG


STRENGTHENING human resources and capacity building are important challenges for Papua New Guinea, with Prime Minister Peter O’Neill urging people to play a part nation building.
Full Story...


Frontier to take on Gold Ridge


FRONTIER Resources shares rocketed more than 130% today as the company signed on to acquire 80% of the troubled Gold Ridge gold mine in the Solomon Islands and restructured its board.
Full Story...

Counting begins on Bougainville


COUNTING in Bougainville began today in the autonomous region’s first general election conducted locally without the supervision of Papua New Guinea’s electoral office.
Full Story...


Arbitration for Bumi Armada


LEGAL counsel for Malaysian offshore oilfield service provider Bumi Armada said it had good prospects of success in defending claims made by Sea Srl over a RM64.2 million service contract.
Full Story...


Be patient, stresses cost-cutting Kula


DESPITE a difficult time for gold mining in general, Kula Gold chairman David Frecker asked shareholders to be patient and reassured them that the board was preparing the company for a “brighter future”.
Full Story...


Highlands progressing ‘on all fronts’: MacDonald


HIGHLANDS Pacific has made great progress “on all fronts” despite a bleak outlook on commodity prices, according to chairman Ken MacDonald.
Full Story...


Investment needed for Indonesian infrastructure


HSBC said Indonesia’s infrastructure quality index scored lower than other Asian countries and the bank urged it to invest in infrastructure projects, according to Chinese state media Xinhua News Agency.
Full Story...


PNG wants inclusive economic development: Abel


PAPUA New Guinea Planning Minister Charles Abel attended the APEC Trade Ministers’ Meeting in the Philippines over the weekend to discuss issues relating to small and medium enterprises, the reduction of tariffs and advancing the concept of an Asia Pacific free-trade area.
Full Story...


Maari growth on track


PRODUCTION from OMV's MR7A development well in New Zealand's Taranaki Basin has boosted aggregate production from the Maari field to more than 15,000 barrels of oil per day.
Full Story...


PALM7 ends in declaration


PAPUA New Guinea Prime Minister Peter O’Neill concluded his trip to Japan over the weekend by attending the Pacific Islands Leaders Meeting (PALM7) in Iwaki.
Full Story...


Funds raised for Isabel nickel


INITIAL funding for Axiom Mining’s Isabel nickel project in the Solomon Islands has raised $A4 million through the combination of a private placement and the issue of convertible notes.
Full Story...


PNG budget review


A BUDGET review by the PNG Treasury is currently underway, with local media suggesting likely cuts to departmental funds.
Full Story...


Increased dividends for BSP shareholders


POSITIVE results for Bank of South Pacific in 2014 prompted the bank’s directors to declare a final yearly dividend of K0.56 ($A0.26).
Full Story...


Tuna shares fraud feared


SOUTH Seas Tuna Corporation (SSTC) has hit back at claims that the East Sepik local government was misled over investments and the non-payment of dividends, according to PNG media.
Full Story...


Digicel connects expo


TELECOMUNICATIONS company Digicel has committed K180,000 ($A82,000) to the Papua New Guinea Women in Business (PNG WiB) Expo scheduled to be held in July.
Full Story...





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