HOME ABOUT US ADVERTISE SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Wednesday 8 September 2010 Make PNG my HomePage    MARKET WATCH STORIES [ 696 Results - Showing Results 1 to 30 ] PNG gold miner posts $10M profit (Friday, 3 September 2010) PAPUA New Guinea gold producer Allied Gold has turned around a loss-making performance last year to post a net profit of $A10.2 million for 2009-2010 from revenues of $67.5 million. Full Story... Horizon brightening (Friday, 3 September 2010) FULL production from the offshore Taranaki Maari oil field and the sale of a half interest in PRL 4, Papua New Guinea, have allowed Horizon Oil to return to profit. Full Story... InterOil moves to settle lawsuit (Friday, 3 September 2010) INTEROIL has reached an agreement to settle all claims against it and its subsidiaries brought by a group of plaintiffs. Full Story... Hunt resigns from Lihir (Friday, 3 September 2010) LIHIR Gold managing director and chief executive officer Graeme Hunt has resigned, following a decision by the National Court of Papua New Guinea to approve the merger between Lihir and Newcrest Mining. Full Story... Two plaintiffs pull out of Ramu tailings injunction (Friday, 3 September 2010) TWO of the five plaintiffs involved in an injunction to stop the construction and operation of a deepsea tailings placement system at the $US1.4 billion ($A1.5 billion) Ramu nickel development in Papua New Guinea, have pulled out of the court action. Full Story... BAM Clough lands $A287M PNG LNG job (Friday, 3 September 2010) THE BAM Clough Joint Venture has been awarded a letter of intent to proceed with the design and construction of the liquefied natural gas and condensate offloading jetty for the PNG LNG project. Full Story... Oil, metals up (Friday, 3 September 2010) OIL prices shot up after a fire at Mariner Energy’s Vermilion 380 production platform in the Gulf of Mexico raised concerns that the moratorium on US deepwater drilling would be extended. Full Story... Forging ahead on New Britain copper (Friday, 3 September 2010) Impressive exploration acreage being developed in good company raises the bar in Papua New Guinea for Coppermoly. Full Story... Aspermont turnaround (Friday, 3 September 2010) Aspermont, the publisher of PetroleumNews.net, has posted a net profit after tax of $1.24 million for the year ended June 30, 2010. Full Story... Oil rallies, metals mixed (Friday, 27 August 2010) US oil prices rallied for a second day in a row, despite a substantial increase in US crude reserves. Singapore’s Tapis crude also made gains, rising $US3 to close at $81.46. Full Story... GE snaps up PNG LNG work (Friday, 27 August 2010) GE Oil & Gas has secured contracts to supply equipment and long-term service to the $US15 billion ($A16.8 billion) PNG LNG project. Full Story... Exploration work to continue in PNG (Friday, 27 August 2010) OIL Search is planning to continue its exploration efforts in Papua New Guinea aimed at building gas reserves and its portfolio in the offshore Papuan Basin. Full Story... Ramu tailings system subject of court hearing (Friday, 27 August 2010) A COURT date of September 21 has been set for Highlands Pacific and its Chinese partners regarding the injunction over the construction and operation of a deep sea tailings placement system at its $US1.4 billion ($A1.58 billion) Ramu nickel-cobalt project in Papua New Guinea. Full Story... Lihir posts improved profits (Friday, 27 August 2010) PAPUA New Guinea gold miner Lihir Gold has posted profits after tax for the half year of $US142.5 million ($A160 million), up 17% from the $121.5 million recorded in the December half. Full Story... Panax planning to heat up Indonesia (Friday, 20 August 2010) PANAX Geothermal has firmed up its Indonesian geothermal plans by signing a binding terms sheet agreement with Indonesia’s Bakrie Power to pursue brownfield geothermal opportunities in the country. Full Story... Golden year for Newcrest (Friday, 20 August 2010) NEWCREST Mining has more than doubled its profit on the back of increased gold sales and higher prices for the precious metal. The company also expects a significant jump in production next year. Full Story... Ok Tedi’s future *Exclusive* (Friday, 20 August 2010) PNG’S giant Ok Tedi copper-gold mine was scheduled to close in 2013 but further open cut mining and the introduction of underground mining looks set to give the operation another seven years. Ok Tedi Mining’s Ian Sheppard reveals the next steps ahead. Full Story... Ramu Nickel nears completion (Friday, 20 August 2010) THE Ramu Nickel plant in Papua New Guinea is now about 90% complete with Ramu NiCo vice-president Yang Yong saying that all work should be completed before the project is commissioned in October. Full Story... InterOil profit down on exploration costs (Friday, 20 August 2010) INTEROIL has posted a net profit of $US7.8 million ($A8.65 million) for the quarter ended June 30, 2010, down $US1.8 million from the previous corresponding period. Full Story... Oil down, gold moves up (Friday, 20 August 2010) US oil prices rose earlier this week after the stock market closed higher as materials were boosted by BHP Billiton’s $US38.56 billion bid for the world’s largest fertiliser producer, Potash Corp of Saskatchewan. Full Story... InterOil secures $25M loan facility (Friday, 13 August 2010) INTEROIL has closed a $US25 million secured term loan bearing a 10% interest with Clarion Finanz. Full Story... Soros maintains Marengo position (Friday, 13 August 2010) MARENGO Mining has closed a $C20.16 million ($A21.44 million) capital raising, issuing 24 million shares to underpin its cash base ahead of the expected completion of its feasibility study on the Yandera copper-molybdenum project in Papua New Guinea. Full Story... Oil, base metals fall (Friday, 13 August 2010) OIL and base metals fell this week on fears global energy demand would soften as data pointed to a slowdown in the global economic recovery. Full Story... Talisman builds up PNG portfolio (Friday, 13 August 2010) CANADA’S Talisman Energy has been revealed as the buyer of Cue Energy Resources and Mosaic Oil’s stakes in PRL8, Papua New Guinea. Full Story... BAM Clough JV secures work in PNG (Friday, 13 August 2010) THE BAM Clough joint venture has received a $10 million work order to design and construct a liquefied natural gas and condensate offloading jetty in Papua New Guinea. Full Story... Kingsgate on the hunt (Friday, 6 August 2010) KINGSGATE Consolidated is on the acquisition hunt and has plans to fill the void among Australia-listed gold plays left by Newcrest Mining’s takeover of Lihir Gold. Full Story... Come and talk deals: Barrick (Friday, 6 August 2010) BARRICK Gold has reiterated its message to Australia’s junior mining sector that the company is “open for business”, with Barrick Asia-Pacific president Gary Halverson again inviting delegates to this week’s Diggers & Dealers conference to talk to the company about projects. Full Story... Oil, metals down (Friday, 6 August 2010) OIL and most base metals retreated last night on worse-than-expected US jobless claims, which increased to their highest level since April, as well as reports from China regarding mortgage lending and bank stress tests. Full Story... Interoil, Mitsui firm up relationship for condensate facility (Friday, 6 August 2010) INTEROIL and Japan’s Mitsui & Co have signed a joint venture operating agreement for the proposed $US550 million ($A600 million) condensate stripping facility at Interoil’s Elk and Antelope fields in Gulf province, Papua New Guinea. Full Story... NGE plugs Panakawa-1 (Friday, 6 August 2010) NEW Guinea Energy’s Panakawa-1 well will be plugged and abandoned after the completion of logging and sampling activities. By Brooke Showers Full Story... Prev    Next   Company Search Story Search Advanced Search UPCOMING EVENTS Excellence in Mining & Exploration 2010 Mining Magazine Congress 2010 Asia Mining Congress 2011   View all events LATEST NEWS Oil, metals up Forging ahead on New Britain copper Two plaintiffs pull out of Ramu tailings injunction BAM Clough lands $A287M PNG LNG job PNG gold miner posts $10M profit Horizon brightening Hunt resigns from Lihir InterOil moves to settle lawsuit Aspermont turnaround Oil rallies, metals mixed Disclaimer | © Copyright Aspermont Ltd | Privacy Policy | Terms and Conditions