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By Simon Hartley

There were no surprises that a regional fuel tax, a relatively strong oil price and the Government stance on fossil fuels brought about a lift in inflation.

By Dene Mackenzie

At a time the National Party leader would be looking to improve his electoral popularity rating he is now confronted with a serious case of damage control at the hands of a party member now seeking to go independent.

A prominent geoscientist told a major conference this week that there needs to be a more sustainable financing code for junior exploration.

The Kohatiukai exploration well, south of New Plymouth, has progressed towards its target depth.

For what it saw as stonewalling by Steel & Tube’s board, Fletcher Building decided not to go ahead with its takeover bid for the NZ steel products company.

A South Island Chamber of Commerce that sees scope for an offshore oil and gas discovery in its realm has told the Government to cease with its haste to regulate a ban on new offshore leases.

September proved to be a good month for Meridian, with a strong hydro performance to make up for imperfections with wind energy in New Zealand.

Includes following attachments:
- Monthly operating report for September 2018. (2.0 megabytes)

One of the key energy providers in New Zealand has shown how the political actions of the Government are out of step with the reality to provide sustained energy for the country.

While there has been a contraction of mine finding ability in New Zealand there is a new initiative in Australia to accelerate discoveries with the support of miners, several governments and universities.

A major consumer of New Zealand gas, Methanex Corporation, has made it clear that the country’s issue of greenhouse gas has a solution with the methanol the company produces.

GNS Science has sent a specialist team to the Solomon Islands to help set up a sophisticated monitoring system for earthquakes, tsunamis and volcanoes.

Conditions improved significantly during the September quarter and since to see Trustpower make a significant lift in its forecast guidance for the year.

Includes following attachments:
- September quarter report. (972.3 kilobytes)

Recent News

Gold News

Laneway Resources may soon be getting a cash flow from gold production in Queensland that may help it fund exploration in New Zealand.

An Australian investment website has highlighted the early interest being shown in big mineral targets for an explorer also operating in New Zealand.

Brisbane-based gold junior Laneway is pushing ahead with exploration on its Hauraki goldfield holdings and this fiscal year plans 10 exploration holes on the Jubilee prospect.

Epithermal gold-silver projects in the Hauraki goldfield featured in one of the world’s biggest gold gabfests, the Denver Gold Conference.

The first measures for a mining start at the Talisman gold mine returns the famous Karangahake mining area to being a wealth creator for New Zealand.

Oil & Gas News

Energy Minister Megan Woods has apparently dismissed data provided by a Government department that cites a high cost to the Government from a ban on new offshore petroleum permits.

While the Government has feigned deafness on the impact of its planned oil exploration ban, a submission by a leading energy and gas supplier has shown how damaging the stance will be.

The interpretation of the Energy Minister will be critical for the future of some offshore exploration oil and gas permits.

The Ardern Government is putting New Zealand's energy security and electricity affordability at risk, according to the opposition.

Beach Energy, Australia’s second largest oil producer and operator of New Zealand’s Kupe offshore project, is undertaking a roadshow to sharpen its profile with Asian markets.

Coal, Lignite & CSG/CBM News

A nitrogen gas plant has been returned to the Pike River coal mine site to help with the recovery of miners who were killed there eight years ago.

A series of four workshops on risk assessment for a re-entry into the Pike River coal mine will be held this month, and they will be open to the public.

Downer has renewed a mining contract, this time for a big coal operation in south-east Queensland.

Bathurst had a stronger year but the shadow of a High Court ruling halted the immediate idea of a shareholder dividend.

The Pike River Recovery Agency is now recruiting a team of experienced coal miners to assist with the quest of recovering the remains of miners who perished eight years ago.

Other Metals & Minerals News

One of Aorere’s major investments is scaling down its Vietnam profile to enter less exotic regions and with a familiar face as chairman.

Shareholders of Steel & Tube have been told by its board that the bid by Fletcher Building under-values the company.

The Pilbara of Western Australia is one of the world’s great repositories for iron ore and a company controlled by a resource-rich Kiwi family is pushing ahead with studies.

Canadian-listed Nautilus Minerals, which retains a New Zealand association, is continuing talks to find a party to take over the contract for a production support vessel for the Solwara-1 seabed mining quest.

Downer EDI has won a major new maintenance contract for the world-class iron ore exporting facilities in the Pilbara for BHP.

Renewable Energy News

Tilt Renewables, which is under an unwelcome full takeover bid from its two major shareholders, has made the point that it had an improved result in the September quarter.

A company experienced in the energy sector has been appointed by NZ Windfarms to assist in a review of the company, including its possible sale or the sale of assets.

The combatants in the full takeover bid for Tilt Renewables are digging their trenches deeper as there is no change in the stance of all the parties.

Wind farm operators are wanting a revision to the Resource Management Act which they claim will improve the viability of this industry.

An investor presentation by Meridian Energy sees a firm market in New Zealand and opportunities in Australia for renewable energy, particularly with subsidies.

Environment News

A total of 150 years ago to today a massive earthquake off South America saw a huge tsunami sweep across the Pacific, hitting New Zealand and causing fatalities on the Chatham Islands.

By switching to ground power instead of inbuilt aircraft supply while at NZ airports international Air New Zealand flights were generating big savings on jet fuel and also lowering the carbon footprint.

The faulting under Dunedin may be greater than originally thought but a new GNS Science led study is not ringing any alarm bells.

Strong quake off Picton (Free to View)

The top of the North Island had a nasty jolt with a 5.4 magnitude earthquake. Fortunately it was quite deep.

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

Education, Science & Technology News

Old marine charts digitised for modern use are expected to be used for a host of applications in utilising the seabeds of New Zealand and its larger subterranean coastline.

The research vessel Tangaroa, carrying a team of international scientists, has set off for the North Island’s East Coast to undertake new research on understanding earthquake and tsunami potential on the Hikurangi Fault.

A prominent scientist who has produced documentaries will be speaking at an Australasian conference in Adelaide later this month and will be asking geoscientists to look beyond dinosaurs and volcanoes.

In coming weeks a team of scientists from NIWA will travel to Antarctica to undertake research programmes, some of which will follow-up on research undertaken last year.

An electricity generation expert will be the speaker at next month’s AusIMM Nelson Discussion Group meeting.

Economics, Politics & Government News

It appears the Government has been able to keep a brake on its spending with the revelation of a healthy surplus.

The Tax Working Group report released yesterday appears to have covered little of merit and glossed over a potential capital gains tax.

While the words “capital gains tax” were avoided in a new Government report observers believe a two-system capital gains is possible.

Political observer Dene Mackenzie sees some relevance in a well-known poem by Walt Whitman and the status of NZ First leader Winston Peters.

A new BusinessNZ survey has shown more evidence of the deteriorating confidence in Government by the business sector.

Other News

Otago and Southland stood out in September’s construction data, compared to most other regions of New Zealand.

Vector has agreed to a settlement with the Commerce Commission on power network breaches but has pointed to some extenuating circumstances.

The Genesis Energy annual meeting was told the back-up service of the Huntly gas and coal-fired coal station has had to be introduced again to maintain full energy supply to New Zealand – an issue the anti-fossil fuel and current Government still overlook.

What a nice thought that a Government entity may owe businesses some money through overpayment of levies.

The latest sagging of the Kiwi dollar against the American Greenback may see some issues ahead for both importers and consumers.