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Sunday
19 April 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Farm-out gains momentum


LARUS Energy’s fund-raising efforts are proceeding well, with five companies formally engaged in a data room review of PPL 326 tenement in Papua New Guinea.
Full Story...


MORE OIL AND GAS

Santos an obvious target, says IG


Esrey seeks clean slate in PNG


Santos calls AGM


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MINING 
PanAust rejects GRAM takeover


PANAUST has rejected a $A1.1 billion takeover bid from its major shareholder but says it remains open to further negotiation.
Full Story...


MORE MINING

Kibush starts PNG operations


Jumpin’ Jack Flash for BCL


Positive results for Isabel


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MARKET WATCH 
China stimulus boosts copper


UNCERTAINTY over when the Federal Reserve will raise interest rates is having an effect on gold, with prices falling for the third time in four days.
Full Story...


MORE MARKET WATCH

Petsec’s brave Yemen gamble


Momis rejects ‘colonial dealings’ of BCL shares


Future leaders key to BSP


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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


Sime Darby completes NBPOL acquisition


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REGIONAL WATCH 
Volvo machines the choice for KPC


VOLVO Construction Equipment machines have proved tough and resilient in Indonesia’s Sangatta coal mine in East Kalimantan Province.
Full Story...


MORE REGIONAL WATCH

Ramp-up boosts Filipino ore shipments


Positive results for Isabel


Indus ditches Indo


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ECONOMY 
Short-term pain, long-term gain for PNG: ANZ


DESPITE a difficult start to 2015, Papua New Guineans are taking a “short-term pain, long-term gain” view, according to ANZ’s inaugural PNG Quarterly Business Survey released this month.
Full Story...


MORE ECONOMY

Gold price bottomed outside US: GFMS


Qld bulls to beef up PNG genetics


PNG gets tougher on forex


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PNG LNG 
PNG LNG tweaks further Japanese interest


THE first shipment of cargo from the PNG LNG project to Japan last May has triggered more interest from Japanese businessmen in Papua New Guinea as a potential investment destination, Japanese ambassador Morio Matsumoto said.
Full Story...




 


China stimulus boosts copper


UNCERTAINTY over when the Federal Reserve will raise interest rates is having an effect on gold, with prices falling for the third time in four days.
Full Story...


Petsec’s brave Yemen gamble


PAPUA New Guinea-focused Oil Search has decided to get out of Yemen completely, selling its 34% in the Al Barqa permit to its newest joint venture partner Petsec, in what must be one of the most audacious purchases of the year by an Australian junior.
Full Story...


Momis rejects ‘colonial dealings’ of BCL shares


PRIME Minister Peter O’Neill has hit back at claims of ‘secret dealings’ between the PNG government and Rio Tinto over the miner’s hefty interest in Bougainville Copper Limited.
Full Story...

Future leaders key to BSP


THREE Bank of South Pacific (BSP) employees are on secondment to the Bank of Philippine Islands (BPI) as part of a push to develop future financial leaders in PNG.
Full Story...


Volvo machines the choice for KPC


VOLVO Construction Equipment machines have proved tough and resilient in Indonesia’s Sangatta coal mine in East Kalimantan Province.
Full Story...


Short-term pain, long-term gain for PNG: ANZ


DESPITE a difficult start to 2015, Papua New Guineans are taking a “short-term pain, long-term gain” view, according to ANZ’s inaugural PNG Quarterly Business Survey released this month.
Full Story...


PanAust rejects GRAM takeover


PANAUST has rejected a $A1.1 billion takeover bid from its major shareholder but says it remains open to further negotiation.
Full Story...


Gold price bottomed outside US: GFMS


THE US dollar value of gold is expected to slide this year, but the strength of the currency means prices elsewhere may already have bottomed, according to Thomson Reuters GFMS.
Full Story...


Kibush starts PNG operations


KIBUSH Capital announced it has begun operations last week on its Papuan New Guinean 694/695 alluvial mining lease.
Full Story...


Autonomous regions: a better way forward?


PAPUA New Guinea’s opposition leader Don Polye suggested that autonomous regional governments could better develop local PNG economies, and says there should be a national debate on whether this is a viable option for the country.
Full Story...


Ramp-up boosts Filipino ore shipments


AGATA Mining Ventures Inc (AMVI) has recently completed three shipments of iron and nickel ore from its nickel laterite project in the Philippines.
Full Story...


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...


Qld bulls to beef up PNG genetics


THE future of Papua New Guinean beef production could receive a much needed boost thanks to genetic material obtained from Queensland bulls.
Full Story...


Farm-out gains momentum


LARUS Energy’s fund-raising efforts are proceeding well, with five companies formally engaged in a data room review of PPL 326 tenement in Papua New Guinea.
Full Story...


Jumpin’ Jack Flash for BCL


A SUDDEN jump in Bougainville Copper shares on April 2 came as a surprise to the market, with even the company itself “puzzled” by the overnight share price increase of 50%, according to The Australian.
Full Story...


Santos an obvious target, says IG


SANTOS is still the most obvious Australia-listed takeover target in the oil and gas space according to IG market strategist Evan Lucas.
Full Story...





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