People moves: Newcrest Mining, Marengo Mining and Airlines PNG

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New CEO for Newcrest Mining, a changing of the guard at Marengo Mining and a resignation from the board of Airlines PNG

Newcrest Mining delists from Toronto

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Australian miner Newcrest Mining Limited has delisted from the Toronto Stock Exchange.

People moves: Cabinet reshuffle, Newcrest

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A new Papua New Guinea Petroleum and Energy Minister amid Cabinet reshuffle, plus changes at Newcrest.

In brief: competition concerns over Oil Search, Bougainville mine and a review of bank charges

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Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.

Job losses foreshadowed as Newcrest posts historic loss

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Melbourne-based mining company, Newcrest Mining Ltd, which has extensive mining assets in Papua New Guinea, has ended the financial year with a net loss of AUD$5.778 billion (K 12.29 billion) for 2012–13.

People moves: Newcrest, BeMobile

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Gold miner Newcrest has appointed experienced director and lawyer Peter Hay to its board.

People moves: Newcrest Mining

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Newcrest Mining has appointed Francesca Lee as General Counsel & Company Secretary.

In brief: Government to appeal Ok Tedi ruling, and other stories

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The O’Neill Government to appeal a National Court ruling ordering Ok Tedi to suspend dumping, Fisheries Authority makes K10m available for small business, and Newcrest cash-flow looking positive. Your quick digest of the week’s business news.

Moody’s cuts Newcrest Mining rating

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The ratings agency Moody’s has cut Newcrest Mining Ltd’s credit rating, declaring its outlook as negative, after the gold miner announced a AUD$6 billion (K12.6 billion) in asset writedowns in June.

In brief: PNG Power price increase postponed and other stories

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PNG Power price increase postponed, InterOil timeline to be set and Rabaul needs visas on arrival. Your quick digest of the week’s business news.