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New Zealand’s largest construction company has appointed a new chairman and will also be taking on four experienced corporate identities as new directors.

A listed North Island wind farm operator has appointed a new director with management experience in the business.

To ease some financial issues Steel & Tube has sold and leased back its large property in Christchurch.

The departing chief executive of the Electricity Authority sees new technology issues for consumers to consider in the years ahead.

The Reserve Bank said a joint study it was undertaking with the Financial Markets Authority into the conduct and culture of the banking sector was well underway.

The continued pruning by Fletcher Challenge will now see a large number of New Zealand staff dropped, mainly in Auckland.

OMV which was being the NZ production assets of Shell New Zealand, said in its submission to the Commerce Commission that the perceived maturing of two fields could impair its market growth in the country.

Since Friday night some significant earthquakes hat hit a small town on the North Island’s east coast, and it’s not the first time this hamlet has felt the shakes.

Natural fauna and wildlife on sub Antarctic islands have been severely damaged by pests and the Government is starting to wage war on the uninvited inhabitants of Auckland Island.

Its share price may be rock bottom, but Aorere Resources believes its prime asset is the fact that it has main board listing on the New Zealand Stock Exchange.

Includes following attachments:
- Annual report. (1.6 megabytes)

Recent News

Gold News

An improving performance at more than one mining location has seen OceanaGold increase its production guidance for the current year.

With America’s trade wars and strengthening economy, one Kiwi observer sees pressure coming for the Kiwi dollar.

The exploration quest by OceanaGold for longevity in Waihi has produced several high grade assays.

There were no surprises when New Talisman Gold Mines announced a larger loss for the year just ended, due primarily to the development and study costs for reopening the Talisman gold mine.

Shareholders of OceanaGold Corporation attending the annual meeting in Canada heard comforting comments reflecting the fact that the now global operator is one of the world’s best performing gold miners.

Oil & Gas News

Shareholders of Z Energy were given an outline of positive moves and some of the challenges Z Energy faced in the past fiscal year.

Todd Energy has established a functional new facility at Tikorangi to ensure gas supply to the domestic market.

An evaluator qualified to report reserves for the Toronto Stock Exchange has provided a reserves update for TAG Oil on its New Zealand production fields.

Refining New Zealand did an international trawl to find a new chief executive and ended up netting a Kiwi.

A junior Canadian oil and gas company has announced the appointment of a new director linked to the departure of another.

Coal, Lignite & CSG/CBM News

New Zealand’s mining lobby Straterra was not only critical of the Government for refusing a minor crown land access for a new mining project but indicated it was an economic body blow for the West Coast.

As a counter to the Government’s latest decision to ban access to DOC land for the Te Kuha coal project, opposition leader Simon Bridges said National would support mines on “low level” conservation land.

Police are considering reopening the Pike River mine disaster investigation eight years after the methane blast that killed 29 men.

Voters may be finding it difficult to see the real difference between the Green Party and its major partner in Government – the Labour Party, following a joint statement that may thwart a much-needed coal mine on the West Coast.

A prominent adviser to the Pike River mine recovery joined the agency team and mining advisers on the West Coast this week and had some comments to make.

Other Metals & Minerals News

Seed funding is in place to move forward development of a diatomite mine near Middlemarch.

The company planning a unique mining operation in Otago is gearing up for public consultations for a project that would inject new economic life into the Middlemarch region.

Significant segment reporting for global operations for BlueScope Steel have been implemented, though it appears to have minimal impact on New Zealand operations.

Nautilus Minerals is moving ahead with loans to complete its high grade copper-gold and other minerals seabed deposit in Papua New Guinea waters.

Perth-based Manhattan Corporation and private New Zealand explorer Trans-Tasman Resources have cancelled their plan merger, which may mean a new corporate course for TTR’s marine ironsands project.

Renewable Energy News

Wind power company Tilt Renewables is making its presence felt in the Australian State of Victoria.

The Salt Creek wind farm in western Victoria has begun operations and it now involved two New Zealand companies.

In recent years the New Zealand Government has providing funding and expertise for renewable energy projects in the Pacific. Now, the Asian Development Bank will take this transition a lot further.

An independent director has been appointed as the new chairman of North Island wind farm operator New Zealand Windfarms.

One of Infratil’s more recent investments is arranging financing of a wind farm in the United States.

Environment News
Lake quest for old mine (Free to View)

A special navy device will be used to try and locate old mine shafts in the Zeelandia lake at Karoi so a carp fish eradication programme can be completed.

The Government’s increased spending now takes in a stronger war on predator pests.

Recent heavy rain has opened up more areas in what is known as Earthquake Flat near Rotorua which has activated the interest of volcanologists.

The Environmental Protection Agency says it is enquiring into the costs of dealing with hazardous materials which may prove to be a lever for increasing handling charges.

The last thing residents of Kaikoura would have wanted to feel was another earthquake. They felt a nasty jolt in the early hours of Tuesday.

Education, Science & Technology News

The next meeting of the AusIMM’s Christchurch Discussion Group will hear about the remediation work undertaken on the historic Alexander gold mine near Reefton.

GNS Science has just won a top ranking in a prestigious global science research index.

The Prime Minister has appointed an Auckland University professor to be the new science advisor to the PM’s office.

New Zealand’s largest and most durable mining operations will be discussed by the AusIMM’s Auckland Group meeting next week.

A scientist for GNS Science has been working in Alaska with a team that has shown in local conditions that a certain type of seismic activity can precede an earthquake.

Economics, Politics & Government News

There are signs that the Coalition Government is becoming unhinged, and that is the view of a former politician who has viewed coalitions involving Winston Peters from the other side of the fence.

The new Coalition Government took office with planting one billion trees as one of its objectives.

A leading economist who once dubbed New Zealand’s economy as having “rock star status” has indicated it is now set for a less auspicious gig.

In the variable politics that comes with a coalition government, the Deputy Prime Minister and NZ First leader Winston Peters has shown he has some clout.

A radio and television commentator was not impressed with the economic impact of a ban on new oil exploration, but he was most struck by the Greens leader James Shaw suggesting climate change would be helped by not eating meat.

Other News

The Otago Chamber of Commerce is having a survey undertaken to find answers for the already identified lack of skilled and unskilled workers and on identifying links between future jobs and education

Westpac’s latest report shows a slip in business confidence but points out its survey did not look at any political agenda.

High petroleum and machinery imports gave New Zealand a nasty current account deficit in the March quarter.

A Government energy report shows the important back-up role thermal energy provided in the varying climate conditions of the first quarter of this year.

Investors in Sydney may have developed a view that most of the potholes have been filled and others are less arduous for the longer-term road for recovery of Fletcher Building.