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Mining/petroleum

Signs of real recovery as big money shows interest in large resource projects

14 Dec 2016 by Leave a Comment
Sovereign wealth funds, private equity and ‘mega-families’ are showing a growing interest in investing in large resource projects, according to Graham Smith, Global Leader Mining M&A at KPMG Corporate Finance in Australia. The PNG Mining and Petroleum Investment conference was told that investment, debt and equity markets are showing signs of improvement.
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Papua New Guinea’s Frieda River project still faces obstacles, says Managing Director Fred Hess

14 Dec 2016 by 1 Comment
PanAust is keen to start development of the Frieda River copper gold project, Managing Director Fred Hess told the PNG Mining and Petroleum Investment Conference in Sydney. But he warns there are many obstacles to establishing a mine in such a remote region of Papua New Guinea and the decision has not yet been made to go ahead.
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Copper down but palm oil up: a monthly review of commodities and financial markets

29 Nov 2016 by Leave a Comment
Copper and cocoa prices have eased sharply over the last month, while palm oil prices have surged. Gas and oil prices are largely unchanged and precious metals prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Total aiming to start Papua LNG production in 2022/23, says Blanchard

28 Nov 2016 by 4 Comments
Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.
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Increased production strengthens Crater Gold’s market position says MD Russ Parker

22 Nov 2016 by Leave a Comment
Production at Crater Mountain’s High Grade Zone provided junior mining company Crater Gold Mining with the stability it needed throughout difficult market conditions and provided capacity for exploration. Managing Director Russ Parker tells Business Advantage PNG the past few years have been extraordinarily difficult for junior explorers to raise capital to exploit their assets.
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InterOil ponders appeal after Canadian court upholds appeal against takeover by ExxonMobil

14 Nov 2016 by Leave a Comment
The Chairman of InterOil, Chris Finlayson, says the company is considering an appeal to the Supreme Court of Canada after a court upheld an appeal against the US$2.5 billion (K7.9 billion) sale of InterOil to ExxonMobil. Meanwhile, the man behind the appeal, Phil Mulacek, tells Business Advantage PNG he's open to dialogue.
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Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson

19 Oct 2016 by Leave a Comment
Times are undoubtedly tough in Papua New Guinea's mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum's Greg Anderson tells Business Advantage PNG there are still 'bright stars' to get excited about.
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