Archive for January 29th, 2009
Quotes from World Economic Forum’s first day
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, [...]
» More
Little cheer at World Econimc Forum
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, [...]
» More
Seaoil Philippines mulls expansion In 2009
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 [...]
» More
Lihir says gold output jumps 87% with new mines
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. [...]
» More
Moratorium on mining activities sought to avoid food shortage
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, [...]
» More
FACTBOX-Mines and plants hit by low prices, high costs
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 [...]
» More
Santos’ oil and gas reserves boosted
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 [...]
» More
Lihir says PNG mine dispute continues
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 [...]
» More
Gloabl Industries lands US$75m pipeline repair contract offshore Indonesia
Global Industries’ wholly owned subsidiary, PT Global Industries Asia Pacific Pte., Ltd, has entered into a contract with PT Transportasi Gas Indonesia (Transgasindo) [...]
» More
Thai coal-miner plans US$160m capex in 2009
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 [...]
» More
Now is the time to tap into Natuna’s gas reserves
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 [...]
» More
Xstrata to start copper-gold pre-feasibility in PNG
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 [...]
» More
Newmont announces 2008 gold sales of 5.2m ounces
Newmont Mining Corp (NYSE: NEM -News, “Newmont” or “the Company”) today announced 2008 equity gold sales of approximately 5.2 million ounces at costs [...]
» More
Manila sets Diwalwal mine auction for March 31
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 [...]
» More
PNG’s Kainantu goldmine halts operations
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 [...]
» More
