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Wednesday
2 September 2015
 
 
   TODAY'S STORIES
 
OIL AND GAS 
Forex causes fuel shortage


BUSINESSES operating in Papua New Guinea are feeling the effects of stringent foreign exchange regulations introduced early this year by the country’s central bank, with Puma Energy saying it has been forced to limit purchases of petrol to Port Moresby.
Full Story...


MORE OIL AND GAS

Antelope 4 drilling resumes


Oil Search buoyed by PNG LNG


Horizon in the black


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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 
A-PAC coverage expands


INTERNATIONAL shipping firm Swire has announced upgrades to its Asia Pacific multipurpose liner services, which aims to extend the company’s coverage in the region.
Full Story...


MORE COMPANY WATCH

Good performance for Kina Assets


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REGIONAL WATCH 
LNG market pressure for Qatar


PRESSURE from Australian and Papua New Guinean LNG exports to Asia coupled with low oil and gas prices have impacted Qatar’s trade surplus, which registered a June figure of 14.3 billion riyals ($A5.6 billion).
Full Story...


MORE REGIONAL WATCH

Edison recognises Indonesian upside


CPC to complete study


Losses hit OM Holdings


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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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Forex causes fuel shortage


BUSINESSES operating in Papua New Guinea are feeling the effects of stringent foreign exchange regulations introduced early this year by the country’s central bank, with Puma Energy saying it has been forced to limit purchases of petrol to Port Moresby.
Full Story...


A-PAC coverage expands


INTERNATIONAL shipping firm Swire has announced upgrades to its Asia Pacific multipurpose liner services, which aims to extend the company’s coverage in the region.
Full Story...


Antelope 4 drilling resumes


PAPUA LNG project partners have begun drilling a side-track well at the Antelope 4 site after approval was obtained from the Papua New Guinean Department of Energy to resume operations.
Full Story...

Grant boosts medical research


THE PAPUA New Guinea Institute of Medical Research has been awarded a research grant to investigate point-of-care testing and the treatment of sexually transmitted infections for pregnant women.
Full Story...


LNG market pressure for Qatar


PRESSURE from Australian and Papua New Guinean LNG exports to Asia coupled with low oil and gas prices have impacted Qatar’s trade surplus, which registered a June figure of 14.3 billion riyals ($A5.6 billion).
Full Story...


Edison recognises Indonesian upside


COOPER Energy is hoping that the successful Bunian-4 appraisal/development well, which has found oil in the primary TRM3 sand and promising indications in a new deeper target, will go some way to increasing the sales price it will be able to command from its interest in the Tangai-Sukananti KSO, Indonesia.
Full Story...


Good performance for Kina Assets


BETTER-than-expected performance on the Australian Securities Exchange and consistent returns from domestic equities have been cited by Kina Asset Management Ltd chairman Rabbie Namaliu as drivers of the company performance in the first half of 2015.
Full Story...


CPC to complete study


OCEANAGOLD has appointed CPC Engineering to complete the metallurgy and process plant component of the feasibility study for its New Zealand Macraes gold-tungsten project.
Full Story...


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...





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