Archive for January 29th, 2009

Quotes from World Economic Forum’s first day

Quotes from World Economic Forum’s first day

29-Jan-2009 Intellasia | AP | 2:23 PM

Some memorable quotes from Day 1 of the World Economic Forum: “The market has not failed. The market has not been regulated well.” — Dennis Snower, [...]
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Little cheer at World Econimc Forum

Little cheer at World Econimc Forum

29-Jan-2009 Intellasia | Daily Telegraph | AP | 2:20 PM

In an interview with CNN, the head of the World Economic Forum said that the world was in a “transformational crisis” and, although bankers were part of problem, [...]
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Seaoil Philippines mulls expansion In 2009

29-Jan-2009 Intellasia | AHN | 7:01 AM

Independent oil company Seaoil Philippines Inc., on Tuesday January 27 announced plans to open up more pumping stations across the region and beef up its franchising business [...]
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Lihir says gold output jumps 87% with new mines

29-Jan-2009 Intellasia | Bloomberg | 7:01 AM

Lihir Gold Ltd, the second-largest gold mining company on the Australian Stock Exchange, said fourth-quarter production rose 87% to a record after acquiring mines last year. [...]
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Moratorium on mining activities sought to avoid food shortage

29-Jan-2009 Intellasia | GMA News.TV | 7:01 AM

Foreign environmentalists asked the government Tuesday January 27 to impose a moratorium on mining to avoid food problems, specifically rice shortage, in the long-term, [...]
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FACTBOX-Mines and plants hit by low prices, high costs

29-Jan-2009 Intellasia | Reuters | 7:01 AM

The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream. Some existing [...]
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Santos’ oil and gas reserves boosted

29-Jan-2009 Intellasia | The West.com.au | 7:01 AM

Santos Ltd’s total oil and gas reserves in the proved and probable category have breached one billion barrels, boosted by a lift in coal seam gas (CSG) reserves coupled [...]
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Lihir says PNG mine dispute continues

29-Jan-2009 Intellasia | Reuters | 7:01 AM

Australia-based Lihir Gold Ltd reported on Wednesday January 28 a 26% rise in annual gold production to 882,000 ounces and forecast output this year would exceed 1 million [...]
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Gloabl Industries lands US$75m pipeline repair contract offshore Indonesia

29-Jan-2009 Intellasia | Rigzone | 7:01 AM

Global Industries’ wholly owned subsidiary, PT Global Industries Asia Pacific Pte., Ltd, has entered into a contract with PT Transportasi Gas Indonesia (Transgasindo) [...]
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Thai coal-miner plans US$160m capex in 2009

29-Jan-2009 Intellasia | Reuters | 7:01 AM

Banpu PCL, Thailand’s top coal miner, said it planned to invest US$160 million this year, mostly to develop existing mines in Indonesia, and might issue bonds to [...]
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Now is the time to tap into Natuna’s gas reserves

29-Jan-2009 Intellasia | The Jakarta Post | 7:01 AM

It is undeniable that Blok D Alpha Natuna in Riau, with its vast gas reserves, constitutes a potential driving force for Indonesia’s future. As there are at least 46 [...]
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Xstrata to start copper-gold pre-feasibility in PNG

Xstrata to start copper-gold pre-feasibility in PNG

29-Jan-2009 Intellasia | Mining Weekly | 7:01 AM

Diversified miner Xstrata is progressing its Frieda River copper/gold project, in Papua New Guinea (PNG) to the pre-feasibility stage. The Frieda river project is a joint [...]
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Newmont announces 2008 gold sales of 5.2m ounces

Newmont announces 2008 gold sales of 5.2m ounces

29-Jan-2009 Intellasia | Newmont Mining Corporation | 7:01 AM

Newmont Mining Corp (NYSE: NEM -News, “Newmont” or “the Company”) today announced 2008 equity gold sales of approximately 5.2 million ounces at costs [...]
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Manila sets Diwalwal mine auction for March 31

29-Jan-2009 Intellasia | Reuters | 7:01 AM

The Philippines plans to hold another bidding round on March 31 for a potential gold and copper mine on Mount Diwalwal in the southern Mindanao region, after the first [...]
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PNG’s Kainantu goldmine halts operations

29-Jan-2009 Intellasia | AUSTRALIA NETWORK NEWS | 7:01 AM

Mining at the Kainantu gold mine in Papua New Guinea’s Eastern highlands province has been suspended pending a decision on the future of the operation. Jemima Garrett [...]
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