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25 May 2015
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OIL AND GAS 
PM Razak urges industry to tackle challenges


MALAYSIAN Prime Minster Najib Razak urged delegates to discuss industry challenges when he opened the 18th Asia Oil and Gas Conference in Kuala Lumpur on Sunday.
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MORE OIL AND GAS

A transformative year for Oil Search: Lee


Larus buoyed by seismics


UMC to invest in PNG


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MINING 
Rights issue undersubscribed


THE 1 for 4 non-renounceable rights issue to raise up to $A3.1 million for Crater Gold’s high grade zone project has concluded despite being undersubscribed by close to $400,000.
Full Story...


MORE MINING

Axiom requests trading halt


Singapore to become regional arbitration venue


New non-exec for St Barbara


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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.
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MORE MARKET WATCH

Green light for PMIZ


K92 to buy Kainantu


Kina partner locked in


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REGIONAL WATCH 
Deep sea tailings success


A SEVEN-year monitoring program of PT Newmont Nusa Tenggara’s deep sea tailings management at its Batu Hijau copper-gold project in Indonesia has shown no negative environmental impacts – perhaps an encouraging sign as Nautilus begins seafloor exploration activities in the Solomon Islands to support its Solwara 1 project.
Full Story...


MORE REGIONAL WATCH

PM Razak urges industry to tackle challenges


Maybank pulls out of PNG


Total hosts gas conference


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ECONOMY 
PNG’s negative rating: Moody’s


INVESTOR service Moody’s has affirmed Papua New Guinea’s foreign and local currency issuer rating at B1 while changing its rating outlook from stable to negative, with the country’s foreign currency bond ceiling lowered to ‘Ba3’ while the foreign currency deposit ceiling stationary at ‘B2’.
Full Story...


MORE ECONOMY

High hopes for SMEs, says report


Partners in the Asia Pacific: Aus, PNG


Bird-watching a way forward for PNG tourism


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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...




 


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...


Green light for PMIZ


DEVELOPMENT of Madang’s Pacific Marine Industrial Zone (PMIZ) is set to proceed as Prime Minister Peter O’Neill allayed concerns over land ownership and its environmental impact.
Full Story...


K92 to buy Kainantu


VANCOUVER-based K92 Mining and Otterburn Resources are seeking to buy Barrick Gold’s Kainantu mine in Papua New Guinea, and has appointed a syndicate of agents to complete the sale.
Full Story...

Kina partner locked in


WITH drilling of Kina Petroleum’s first well ongoing, the company is progressing plans for two future wells with Oil Search after confirming it will pick up its option to farm into PPL 339, between the giant Elk-Antelope complex and the Gulf of Papua.
Full Story...


Deep sea tailings success


A SEVEN-year monitoring program of PT Newmont Nusa Tenggara’s deep sea tailings management at its Batu Hijau copper-gold project in Indonesia has shown no negative environmental impacts – perhaps an encouraging sign as Nautilus begins seafloor exploration activities in the Solomon Islands to support its Solwara 1 project.
Full Story...


PNG’s negative rating: Moody’s


INVESTOR service Moody’s has affirmed Papua New Guinea’s foreign and local currency issuer rating at B1 while changing its rating outlook from stable to negative, with the country’s foreign currency bond ceiling lowered to ‘Ba3’ while the foreign currency deposit ceiling stationary at ‘B2’.
Full Story...


Rights issue undersubscribed


THE 1 for 4 non-renounceable rights issue to raise up to $A3.1 million for Crater Gold’s high grade zone project has concluded despite being undersubscribed by close to $400,000.
Full Story...


No interference in ‘sensitive issue’: Pato


PAPUA New Guinea Foreign Affairs and Immigration Minister Rimbink Pato said the ban on Australians travelling to the Autonomous Region of Bougainville was to prevent unwanted interference between the PNG government and locals during the implementation of a peace agreement.
Full Story...


PM Razak urges industry to tackle challenges


MALAYSIAN Prime Minster Najib Razak urged delegates to discuss industry challenges when he opened the 18th Asia Oil and Gas Conference in Kuala Lumpur on Sunday.
Full Story...


Axiom requests trading halt


ASIA Pacific miner Axiom Mining has requested a trading today pending the release of a company announcement relating to the financing of the Isabel Nickel project.
Full Story...


High hopes for SMEs, says report


A 10-FOLD increase in Papua New Guinea’s small and medium enterprise (SME) sector could be attainable through new government incentives, according to an Oxford Business Group report.
Full Story...


Maybank pulls out of PNG


EXPANSION in the ASEAN region and China has prompted Maybank to sell its Papua New Guinean operations to Kina Ventures.
Full Story...


Partners in the Asia Pacific: Aus, PNG


OPINION - Trade and Investment Minister Andrew Robb is currently on a trade mission promoting trade and commercial investment between Australia and Papua New Guinea. Understanding the challenges both countries face in sustaining economic growth in difficult times, Robb shares his views with PNG Industry News.
Full Story...


A transformative year for Oil Search: Lee


OIL Search chairman Richard Lee has described 2014 as a transformative year for the company, despite the impact of low prices affecting oil field production and LNG sale prices.
Full Story...


Singapore to become regional arbitration venue


SINGAPORE could become a centre for international dispute resolutions despite the field being dominated by international law firms, according to Singaporean media.
Full Story...


Trade visit boosts business


AN AUSTRALIAN business delegation currently in Papua New Guinea is promoting further commercial engagement and two-way investment in the mining, energy, infrastructure and service industries.
Full Story...





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