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Friday
24 May 2013
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   TODAY'S STORIES
 
WANTOK 

Frieda transparency missing from Xstrata agenda
(Friday, 17 May 2013)

WHEN Wantok not long ago suggested the Frieda copper-gold feasibility study lacked transparency with aspects that did not add up, reaction was muted.
Full Story...


MORE WANTOK

Stagnation PNG


Falling gold dents PNG budget


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OIL AND GAS 
AWE books another 50 million barrels
(Wednesday, 22 May 2013)

AWE has booked 50 million barrels of oil under proved and probable reserves following a review of its Ande Ande Lumut oil project in Indonesia by Perth-based RPS Energy Services.
Full Story...


MORE OIL AND GAS

Pertamina sent DD team to PNG: source


Jobs lost at Gorgon: reports


Bloomberg misrepresents Cottee


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MINING 
Ramu mine chief replaced
(Wednesday, 22 May 2013)

AFTER years of overseeing the development of Papua New Guinea’s only nickel laterite mine, Ramu NiCo president Luo Shu was reportedly replaced, with the operation expected to miss its full production goal by at least 1.5 years.
Full Story...


MORE MINING

Anglo reshuffles board, appoints CFO


Nautilus fixes court date


More cuts needed: Deutsche Bank


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MARKET WATCH 
Life left in PNG stocks
(Friday, 17 May 2013)

DESPITE some terrible commodities news with gold plunging further, several stocks have made strong gains this week including InterOil, Gold Anomaly, Foyson Resources and Frontier Resources.
Full Story...


MORE MARKET WATCH

Frieda transparency missing from Xstrata agenda


Indonesian interest, says source


Letters of praise for Juffa


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REGIONAL WATCH 
Anglo reshuffles board, appoints CFO
(Wednesday, 22 May 2013)

ANGLOGOLD Ashanti has shuffled its executive team in an attempt to streamline its business, with changes ahead for its Australian division.
Full Story...


MORE REGIONAL WATCH

More cuts needed: Deutsche Bank


Last of the dead freed at Big Gossan


Intrepid shareholders confident of win


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PNG LNG 
Oil Search to continue drilling spree
(Friday, 10 May 2013)

OIL Search is working to mature possible drilling prospects in Papua New Guinea’s southern highlands by late this year, while an appraisal well for the P’nyang field may be on the cards along with another offshore well in the Gulf of Papua.
Full Story...


MORE PNG LNG

PNG LNG airfield complete


O’Neill defends PNG LNG benefits


Govt figures campaign against PNG LNG


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Ramu mine chief replaced
(Wednesday, 22 May 2013)

AFTER years of overseeing the development of Papua New Guinea’s only nickel laterite mine, Ramu NiCo president Luo Shu was reportedly replaced, with the operation expected to miss its full production goal by at least 1.5 years.
Full Story...


Anglo reshuffles board, appoints CFO
(Wednesday, 22 May 2013)

ANGLOGOLD Ashanti has shuffled its executive team in an attempt to streamline its business, with changes ahead for its Australian division.
Full Story...


Nautilus fixes court date
(Wednesday, 22 May 2013)

ARBITRATION proceedings between the Papua New Guinea government and deep-sea explorer Nautilus Minerals are continuing, with the hearing set for August 26 in Sydney.
Full Story...

More cuts needed: Deutsche Bank
(Wednesday, 22 May 2013)

BHP Billiton and Rio Tinto need to make further dramatic cost cuts to their Australian coal operations because they are no longer considered tier one assets, warns Paul Young, senior resources analyst at Deutsche Bank.
Full Story...


Last of the dead freed at Big Gossan
(Wednesday, 22 May 2013)

TODAY has been declared a day of mourning at the Grasberg mine in Indonesia's Papua province, with the final bodies recovered following last Tuesday’s Big Gossan collapse.
Full Story...


Intrepid shareholders confident of win
(Wednesday, 22 May 2013)

QUANTUM Pacific Capital says it is in regular contact with the Indonesian title holders of the Tujuh Bukit project and is confident it can secure a stake in the property in 6-9 months.
Full Story...


White collar crime crackdown
(Wednesday, 22 May 2013)

PNG PRIME Minister Peter O’Neill aims to introduce tough penalties for white collar crime, while the government’s finance department will face a corruption probe that could include Interpol and Australian Federal Police assistance.
Full Story...


AWE books another 50 million barrels
(Wednesday, 22 May 2013)

AWE has booked 50 million barrels of oil under proved and probable reserves following a review of its Ande Ande Lumut oil project in Indonesia by Perth-based RPS Energy Services.
Full Story...


Gold exploration down
(Wednesday, 22 May 2013)

FALLING metals prices, drops in equity valuations and lingering concerns over the strength of the global economy have had a serious impact on minerals exploration, with gold exploration down to less than half of what it was a year ago.
Full Story...


Pertamina sent DD team to PNG: source
(Monday, 20 May 2013)

WHILE Pertamina is yet to comment on the rumour it has made a bid for InterOil’s Elk-Antelope field, a new source has told PNGIndustryNews.net that the major Indonesian LNG producer has twice sent a due diligence team to view InterOil’s sites in Papua New Guinea.
Full Story...


Explorer updates
(Monday, 20 May 2013)

QUINTESSENTIAL Resources has hit a peak grade of 6.32 grams per tonne gold in recent trench sampling at its Irak prospect in Papua New Guinea, while Coppermoly has appointed a new chairman to replace Dr Geoff Booth, who took the helm five months ago.
Full Story...


‘Compulsory reading’ for business in PNG
(Monday, 20 May 2013)

ORO governor Gary Juffa’s recent opinion piece for PNGIndustryNews.net has received its first letter of support from Australia – with a reader warning his fellow countrymen not to take advantage of Papua New Guineans.
Full Story...


Jobs lost at Gorgon: reports
(Monday, 20 May 2013)

CHEVRON has cut staff at its Gorgon project, according to The Australian Financial Review.
Full Story...


Marengo explores project costs
(Monday, 20 May 2013)

MARENGO Mining’s long-awaited feasibility study for its world-class Yandera copper-gold-molybdenum project in Papua New Guinea will be subject to more delays as further investigations are made into power supply sources, tailings management and mine optimisation.
Full Story...


OceanaGold puts Didipio in business
(Monday, 20 May 2013)

OCEANAGOLD has declared commercial production at its Didipio mine in the Philippines less than a month after announcing the operation’s first shipment of copper-gold concentrate.
Full Story...


Grasberg death toll rises
(Monday, 20 May 2013)

THE death toll from the Big Gossan collapse at Grasberg has risen to 14, with rescuers unable to detect any sign of life among the 14 workers still buried in the rubble.
Full Story...





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