Friday, 5 March 2010

PNG to ride next commodities wave (Friday, 5 March 2010) WHILE some commentators believe an upcoming sovereign debt crisis could wreak global financial crisis-style havoc on economies and markets around the world, PNG-friendly commodities have been performing well in recent months. Full Story... Lihir gets out of Ballarat (Friday, 5 March 2010) LIHIR Gold has entered a sales agreement with Castlemaine Goldfields to offload its costly Ballarat mine in Victoria, which will close down today as both parties iron out the deal. Full Story... A miner’s paradise? (Friday, 5 March 2010) ROBIN Bromby takes some steps into the world’s next “hot” mining and exploration area and finds it is remarkably close to home. Full Story... Mitsui OSK provides shipping for PNG LNG, Gorgon (Friday, 5 March 2010) MITSUI OSK Lines has inked deals with ExxonMobil for the construction and charter of liquefied natural gas vessels for the PNG LNG and Gorgon LNG projects. Full Story... InterOil reports 2009 profit (Friday, 5 March 2010) INTEROIL made a net profit of $US6.1million (K16.27 million) for 2009, $17.9 million higher than the $11.8 million net loss of 2008. Full Story... Removal of hedge unlocks big price gains for Allied (Friday, 5 March 2010) PAPUA New Guinea gold producer Allied Gold has extinguished the last 30,000 ounces of its gold hedging program, giving it full price participation in the 80,000oz it expects to produce this calendar year from the Simberi operation. Full Story... Growth on the cards for Lihir (Friday, 5 March 2010) LIHIR Gold has unveiled growth plans for the next decade with the miner aiming to produce 1.5 million ounces of gold per annum by 2017. Full Story... Expectations build for Leonard Schultz (Friday, 5 March 2010) FRONTIER Resources announced on Tuesday that it was continuing negotiations with possible joint venture partners for the Leonard Schultz project, located 65km east of Xstrata and Highlands Pacific’s impressive Frieda River project. Full Story...

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