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By Simon Hartley

June data on the Service Performance Index put Otago back on its heels and also showed a softer result elsewhere in the country.

By Dene Mackenzie

Statistical data released yesterday show there was little likelihood of an increase in the official cash rate in the near future.

By Dene Mackenzie

If you live in or near Auckland you may now be feeling to impact of higher petrol prices on your wallet. Dene Mackenzie reviews the impact of data released yesterday.

Development issues for oil sand projects in Canada will be the subject for next week’s AusIMM Christchurch Discussion Group.

Includes following attachments:
- Informational flyer. (132.8 kilobytes)

Downer EDI has won another maintenance contract, this time for a petroleum major with multi-billion dollar LNG projects in Western Australia.

KiwiRail is losing its chief executive who is set to join the reshaped management team of Fletcher Building.

Marsden Marine Holdings new chief executive has been working in Northland for several years.

Vector has been involved in some innovative lighting exercises in recent times and it will now join Unitec in Auckland to demonstrate some new power and lighting exercises with electric vehicles.

The production result for Refining New Zealand in the months of May and June was down, but that was expected with the planned refinery shutdown.

Includes following attachments:
- Refining NZ Throughput and Margin Report for May/June 2018. (296.1 kilobytes)

There have been wholesale changes to the structure of the board of the Environmental Protection Agency.

Recent News

Gold News

OceanaGold is maintaining its march forward on production and operating costs with its original mine at Macraes leading the way.

Explorers thankfully abbreviated the location name of the WKP prospect in the Hauraki Goldfield which is now showing itself as a key target for mining longevity for the Waihi mining project.

The fiscal 2018 annual report for New Talisman Gold Mines is an expansive document as the company moves closer to re-opening the Talisman mine.

New Talisman Gold Mines yesterday retracted the scoping study report released earlier this week after a discussion with the Australian Securities Exchange.

An updated pre-feasibility has provided some more positive data for aspiring gold miner New Talisman Gold Mines.

Oil & Gas News

The myopic Government view on gas for energy has an opposition spokesman saying the new Todd Energy gas peaker station in Taranaki should be welcomed.

The Taxpayer’s Union has come out firmly against the Jacinda Ardern-invoked ban on new offshore oil exploration permits saying that the concept of assistance for Taranaki was only window dressing.

The positive drilling from the Pukatea-1 well should have seen Melbana Energy forging ahead but it is reviewing its New Zealand presence, perhaps like many other junior explorers with international aspirations.

TLL Logistics has struck a renewed and larger transport deal with Z Energy but has warned its financial year results may be impacted by the increased fuel prices.

After some delays through minor issues the multi-million dollar revamp of the Marsden Point refinery has been completed.

Coal, Lignite & CSG/CBM News

The minister in charge of the Pike River recovery effort indicated that an entry into the coal mine drift could be undertaken by the end of this year.

Bathurst Resources, now entrenched as New Zealand’s major coal producer, has now signed the deal that will take it into coking coal exploration and development in Canada.

Shares in an Australian junior company have gone for a run following the announcement of a joint venture with a New Zealand coal producer.

Bathurst Resources, which has learned the art of lean operations through the recent coal price blight, is now venturing into the Canadian coal development market where it sees a low sovereign risk environment.

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.

Other Metals & Minerals News

The quest to building the world’s first seafloor massive sulphides project has seen Nautilus Minerals gain another tranche of financing.

A research institute on the West Coast is now well funded to take New Zealand into the dramatically changing demand for specialist minerals.

While there were no real surprises with the decision of a Chinese shipyard rescinding the contract with an appointed contractor, it still hit the share price of Nautilus Resources this week.

Chatham Rock Phosphate has embarked on a share purchase plan to raise more capital for its quest to gain a mining right for its seabed phosphate project on Chatham Rise.

An important milestone for Chatham Rock Phosphate is expected in November when the draft of the environmental scoping document for getting approval for mining marine phosphate on Chatham Rise.

Renewable Energy News

After recent phases of low wind activity in both Australia and New Zealand, Tilt Renewables produced some heartening figures for the June quarter.

The annual report of Tilt Renewables details not only the expansion plans on wind farm developments but also options for developing non-wind energy.

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

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.

Environment News

New Zealand scientists and a prominent university have joined forces to support food authentication requirements for developing nations

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.

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.

Education, Science & Technology News

A veteran geologist who has helped with gold mining discoveries and now runs an historic gold mine for tourists will be speaker at this month’s AusIMM Auckland Group meeting.

The energy revolution is certainly happening in New Zealand and a speaker with sound knowledge will present at next Friday’s Nelson Discussion Group.

An international team of scientists have completed a drilling programme on a big seabed volcano off the coast of the North Island.

A team of international and local geoscientists have produced detailed studies of the devastating Kaikoura earthquake.

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.

Economics, Politics & Government News

New Zealand, like Australia, has had low wage growth and figures due tomorrow may give an indication of the immediate course ahead.

The Government has allocated a large lick of money to replace some aging aircraft with modern planes from the United States.

Media reports yesterday were indicating that the Opportunities Party that had an ambitious quest in the last general election will be sound up.

The Finance Minister said its latest financial statement was providing compelling figures. Dene Mackenzie digs into the numbers.

The International Monetary Fund has questioned whether the new NZ Government ban on foreigners buying properties will be no more than a deterrent for investment, particularly to build new housing.

Other News

About a decade ago New Zealanders were heading to Australia for higher paid professional and skilled jobs in the resources sector – a factor that went into reversal in the past five years. However, a new wave is beginning.

The Australian royalties company that made a significant living a few years ago from gold production in the Reefton goldfield is viewing a takeover bid from its major shareholder.

Statistical data being released tomorrow will show what inflation may be in New Zealand in the June quarter. But there are widely varying crystal ball views.

A new staff share incentive scheme has been introduced by Meridian Energy but only for its permanent Kiwi workforce.

The month of June produced increased retail trading for Meridian Energy and a generally late improvement in hydro storage.