R/€ = 15.50 Change: 0.00
R/$ = 13.28 Change: 0.00
Au 1241.67 $/oz Change: 0.11
Pt 828.50 $/oz Change: -3.93


Mayur shakes the tin for exploration work

By: Esmarie Swanepoel     11th April 2018 Diversified junior Mayur Resources has raised A$7.8-million in a share placement to professional and sophisticated investors. The company will place 9.75-million chess depository interests to both new and existing shareholders, at a price of 80c each, under its existing placement capacity. 

Miners report some infrastructure damage after Papua quake

By: Reuters     27th February 2018 Miners in northwest Papua New Guinea reported some damage to infrastructure following a powerful magnitude 7.5 earthquake on the weekend, as projects in the resource-rich region assess the impact on their operations. Barrick Gold said a power station that supplies its Porgera gold mine had been... 

Major quake cuts communications, halts oil and gas operations in Papua New Guinea

By: Reuters     26th February 2018 At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and gas operations. The tremor hit in the rugged, heavily forested Southern... 

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Nautilus to test seafloor production tools in PNG submerged trials

By: Henry Lazenby     4th April 2017 Marine mining hopeful Nautilus Minerals will shortly start submerged testing of its fleet of seafloor production tools, following the equipment’s arrival in Papua New Guinea (PNG). "We are delighted to be undertaking submerged trials in PNG. The trials will result in money and investment going... 

Santos quarterly output hits 7-year high

By: Esmarie Swanepoel     17th October 2014 Oil and gas major Santos has reported its highest quarter production in seven years during the period ended September, with the ramp-up of the Papua New Guinea liquefied natural gas (PNG LNG) project driving production. During the quarter under review, Santos production increased to 14-million... 

Oil Search ups full-year output

By: Esmarie Swanepoel     22nd July 2014 Full year production at ASX-listed Oil Search has exceeded expectations following a strong June quarter, the miner reported on Tuesday. Production in the fourth quarter reached 1.77-million barrels of oil equivalent, taking the full year production to 6.74-million barrels of oil equivalent,... 

$19bn PNG project gives Santos’ June quarter a boost

By: Esmarie Swanepoel     18th July 2014 Oil and gas major Santos has reported a 5% increase in production for the second quarter ended June on the back of the successful start-up of its Papua New Guinea liquefied natural gas (PNG LNG) project in April this year. During the three months to June, Santos’ production rose to 12.8-million... 

First cargo shipped from $19bn PNG LNG project

By: Esmarie Swanepoel     26th May 2014 The $19-billion Papua New Guinea liquefied natural gas (PNG LNG) project has shipped its first cargo, bound for Japan. The PNG LNG project started production in April this year, ahead of schedule. Production from the second train has also started. 

ExxonMobil starts PNG LNG output ahead of schedule

By: Esmarie Swanepoel     29th April 2014 The $19-billion Papua New Guinea liquefied natural gas (PNG LNG) project has started production ahead of schedule. Australian energy major Santos reported on Tuesday that production from the first LNG train would increase over the coming weeks, and the first cargo would likely be shipped to... 

Oil Search output dips 5% on planned shutdown

By: Esmarie Swanepoel     22nd April 2014 ASX-listed Oil Search has reported a 5% drop in production during the three months to March, compared with the December quarter, as a planned shutdown of its oil facilities impacted on production. Oil Search reported on Tuesday that production for quarter under review declined to 1.51-million... 

Santos sees slight upturn in production

By: Esmarie Swanepoel     17th April 2014 Australian oil and gas major Santos has reported an increase in production and sales for its first quarter ended March, compared with the previous corresponding period. Production for the quarter was up 1% to 12.2-million barrels of oil equivalent, owing to higher oil production offset by lower... 

PNG LNG on track for mid-year production

By: Esmarie Swanepoel     9th April 2014 The construction of the $19-billion Papua New Guinea (PNG) liquefied natural gas (LNG) project was more than 95% complete, and first gas would be delivered to customers by mid-year, global oil giant Exxon Mobil Corporation said on Wednesday. Speaking at the Australian Petroleum Production and... 

More funding secured for PNG LNG

By: Esmarie Swanepoel     4th October 2013 Global oil giant Exxon Mobil Corporation, through its subsidiary Esso Highlands, has secured a further $1.5-billion in project financing to complete the Papua New Guinea (PNG) liquefied natural gas (LNG) project. The latest financing agreement took the total project financing facility to some... 

PNG LNG plant on track for 2014 delivery

By: Esmarie Swanepoel     2nd September 2013 The Papua New Guinea liquefied natural gas (PNG LNG) project was some 90% complete and on track to produce its first gas by the second half of 2014, operator ExxonMobil reported this week. The company also noted that the price tag had remained unchanged at $19-billion. 

Company Announcement: Marengo Appoints PNG Country Manager

18th July 2012 Marengo Mining Limited is pleased to announce the appointment of Mr Stevie T.S. Nion as PNG Country Manager, further strengthening its executive management team, as it moves towards possible development of its flagship Yandera Copper-Molybdenum-Gold Project in Papua New Guinea 

Company Announcement: Communications Partnership Brings Increased Range of Products and Services to the Papua New Guinea Market

13th April 2012 Leading Papua New Guinea radio communications company, TE (PNG), has partnered with Mine Radio Systems (MRS) Pacific to develop a market leading communications service. 


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