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Latest News from NZResources.com

Journalist
By Dene Mackenzie

The machinations of who will get into bed with whom is beginning to show itself as the deadline gets closer for the elections.


Journalist
By Ross Louthean

One Australian company is finding its worth persisting more on targets in New Zealand where it is getting cash flow than operating in Papua New Guinea.

Includes following attachments:
- June quarterly report. (240.6 kilobytes)

Journalist
By Ross Louthean

Those who are claiming coal is on the way out may need to heed the observations of a well known Australian commentator and energy sector administrator.


The Petroleum Exploration and Exploration Association of NZ has announced its new chief executive.


One of the listed electricity generators is not making a big beef out of conditions and proposals by the Commerce Commission but sees tight pricing conditions for the time being.

Includes following attachments:
- TrustPower quarterly report. (94.3 kilobytes)
- TrustPower presentation. (807.3 kilobytes)

Targets immediately near the established Sams Creek gold project and broader targets in the area have also been refined for further work.

Includes following attachments:
- MOD June quarter report. (938.7 kilobytes)

An appeal linked to the cost of capital against a High Court judgement was rejected this week.


The royalty cash flow for one Melbourne company that had achieved several good years from gold mining in New Zealand is now down to a small oil and gas royalty.


There was a healthy flow into Contact Energy’s hydro storage dams in June, particularly on the South Island.

Includes following attachments:
- Monthly operational data. (159.0 kilobytes)

There will be some mining meetings in August, including some before the annual AusIMM Mining Conference in Hamilton.


The finalists for the Deloitte Energy Excellence Awards in Auckland next month have been declared.


The extent of retrenchments at the Stockton opencast coal mine were revealed early this week.


Recent News

Gold News

An international mining research group has taken a hard look at the gold sector and sees an exploration downturn as potentially impacting future global mine supply.


An analysis of the recent performance of OceanaGold by a NZ stockbroking firm shows the impact the company’s new Philippines gold-copper mine is having.


Another director has left Coromandel Gold as this subsidiary company looks to take on a management team and develop a life of its own.


A leading Australian mining contractor has retained an important gold mining contract in New Zealand.


OceanaGold is just completing one corporate revolving credit facility and is striking a new and larger arrangement.

Oil & Gas News

The Australian company which recently jointed an onshore Taranaki oil and gas project has detailed its current and near-term commitment.


The Greens have been against a lot of things and the latest policy issue is to prevent deep offshore oil drilling from happening.


A second unconventional well has started in the East Coast Basin for one of the listed Canadian oil and gas companies.


A global manpower provider to the petroleum sector has established an office in the Taranaki.


The latest offshore exploration well in NZ waters was spudded this week and once again the fingers of many in the industry and Government are crossed.

Coal, Lignite & CSG/CBM News

The long awaited start to getting development of the big new West Coast export coking coal mine underway has started. All that is needed now is a lift in the coal price.


A rights issue for a major South Island mine development has fallen well short of its target.


Few doubt that the coking coal price will remain near the basement for some time and that may hold up a new coal development in NZ for up to two years.


What happens when you produce figures to show the coal industry was being subsidised by governments in Australia to the tune of billions? Then you are like the Australia Institute and forgetting the reality of royalties and taxes, and personal tax from the jobs you create.


Solid Energy told us early this month that a new severe workforce cut at its flagship Stockton mine and there will also be reduced production.

Other Metals & Minerals News

The committee for the EPA concerned with approval of the mining consent for Chatham Rock Phosphate’s seafloor mining quest has asked for more information from the company.


After years of inertia the quest for platinum group metals has been reactivated by one Canadian company which picked up several of the permit applications made available by NZP&M.


While there is gloom in the coal and gold sectors on the West Coast of the South Island right now there is another unrelated resource project that could make itself known in the near future.


There are direct reduction iron steel production plants in many parts of the world and the Melbourne-based owner of NZ Steel looked at one such development in the United States.


While the blueprints are out for the next stage of exploration at Sam’s Creek, the other iron-in-the-fire for MOD Resources is heating up.

Renewable Energy News

Seasonal conditions and market competition saw a marginally lower price received from customers for Mighty River Power in the June quarter.


Indonesia is obviously taking note of the renewable energy advances in New Zealand with a big geothermal plant project now advancing in Sumatra.


New Zealand delegates will be joining an international audience at what is seen as the world’s largest annual geothermal conference in late September.


In the commodities markets there are big hedge deals on the price of gold, copper, zinc and other metals and one Kiwi company has taken a new hedge position against periods of poor rainfall.


Investors were told yesterday that Mighty River Power was a global leader on geothermal energy and that this form of energy was a premium performer.

Environment News

The energy, minerals and environment research and consulting company CRL Energy has won the Environment Award at this year’s Minerals West Coast Conference.


The Tiwai Point aluminium smelter may be Southland’s major employer but its operator has for more than two decades played a pivotal role in preserving the endangered kapako – the world’s biggest parrot.


The wait is over. A marine reserve has been designated for a section of Banks Peninsula.


The environmental alarm bells are again ringing on claims about global warming and rising seas, showing that it would be an idea for the Government and the media to provide some balance to the issue.


In the Taranaki waste from oil and gas operations is being blended with soil but one organisation has got a crack over the knuckles on its remediation work.

Education, Science & Technology News

The opening up of role of computers and smart phones has seen a revolutionary advance made by a regional council and GNS Science.


The need to increase the education and training for engineers in New Zealand has prompted a new push by the Government.


One of the South Island universities badly damaged by earthquakes is to get a big lick of money to help with the rebuild of its science facilities.


A prominent New Zealand specialist on scientific issues for Antarctica has gained a prestigious international award for his work.


Two prominent geoscientists will be speaking at separate forthcoming AusIMM meetings in two New Zealand cities.

Economics, Politics & Government News

National yesterday released its list candidates for the September election and it has some interesting moves in Otago.


A new opinion poll released yesterday won’t have David Cunliffe dancing for joy.


New Zealand First, the party that wants to share mineral and petroleum royalties with local government now wants to cut immigration


Two electorates - Epsom and Te Tai Tokerau - have the ability to decide the election result. Our columnist Dene Mackenzie talks to Act New Zealand Epsom candidate David Seymour about the weight of expectation.


Guess whose photo may be on the bullseye of dart boards at Labour and Green Party social events?

Other News

One of the listed port companies has gained approval to change its name.


The bumper trade figures for the past year had a minor correction in the June quarter.


This website is providing a new service to its subscribers – the data base it developed and refined and was last made public as a data disc on the launch of NZResources.com.


West Coasters were given some assurance yesterday that the region’s mining sector should see better times in the near future.


Vector has appointed a new executive with a strong background in the communications business.