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Journalist
By Ross Louthean

The contrast between the New Zealand and Australian petroleum sectors could now not be greater with the Kiwi Government pulling the rug on offshore exploration and a record boom emerging across The Ditch.

Includes following attachments:
- EnergyQuest monthly LNG report for March 2018. (484.1 kilobytes)

Journalist
By Ross Louthean

The March quarter was another good one for OceanaGold with strong production, with Macraes leading the pack.

Includes following attachments:
- Management discussion and analysis of first quarter 2018 results. (1.2 megabytes)
- First quarter fiscal report. (232.3 kilobytes)
- First quarter financial and operational reports. (334.7 kilobytes)

Another New Zealand listed company has had its hackles raised by a company planning to buy shares from its existing shareholders at below the market price.


The global methanol producer had a strong March quarter helped by a higher price and a strong contribution from its New Zealand operations.


In the highly competitive electricity and heating supply market Vector produced some good figures for the first nine months of fiscal 2018.

Includes following attachments:
- Vector operational data for nine months ending March 31 2018. (288.0 kilobytes)

The March quarter produced positive performances for Bathurst Resources and its BT Mining joint venture mines.

Includes following attachments:
- Bathurst quarterly report. (1.2 megabytes)

Record production was achieved by Beach Energy in the March quarter largely due to its acquisition of the Lattice Energy assets, which included control of the Kupe offshore field.

Includes following attachments:
- Beach Energy March quarter report. (602.6 kilobytes)

GNS Science is preparing to run another series of its GeoCamp for students in the Wairarapa.


Two companies associated with the importing and selling of seismic steel mesh have been fined and more companies, including Steel & Tube, await sentencing.


The board of OceanaGold Corporation will certainly be different after the annual meeting at the beginning of June.


Recent News

Gold News

It has taken just a week for the anti-miners in Northland to be reactivated following a Canadian company taking over the Puhipuhi epithermal gold-silver project. What will they do if there is exploration success that will bring jobs to the region?


An Australian junior had little to say about its gold prospect on the North Island. Has it developed cold feet or has it found snails move faster that New Zealand’s Wellington bureaucracy?


Over several decades explorers have prodded the Puhipuhi epithermal gold-silver target and a Canadian junior company is now taking it up from Australian gold miner Evolution Mining.


The veteran director of New Talisman Gold Mines has stepped down after 22 years.


The market is still awaiting the listing proposals for an Australian company that is going to take over the Sams Creek gold project – New Zealand’s largest undeveloped gold deposit.

Oil & Gas News

Changes do not take place on key issues unless you have the necessary statistics. This apparently was not the case for the ban on new offshore petroleum permits.


Cue Energy Resources has appointed a new chairman from the company’s new guard of shareholders.


Even taking into consideration the serious oil pipeline rupture that impacted jet fuel supplies in Auckland, shareholders of Refining NZ were told that 2017 was a very good year.


TAG Oil will be spending more funds in New Zealand utilising a revolving credit facility from a New Zealand group.


The Wellington-based mining lobby is the second resources sector body to seek more information under the Official Information Act about the reasoning behind invoking a ban on new oil exploration permits.

Coal, Lignite & CSG/CBM News

Despite all the negative publicity received by the New Zealand petroleum exploration sector, one partnership is pushing ahead with a blueprint to re-open a small onshore field.


The mining lobby Straterra has spoken up on the important and potential future use of New Zealand coal, particularly coking coal for export.


The National Party sees conflicting comments coming out of the Government on new coal permits and the future of the coal sector.


It was some sort of relief for New Zealand’s coal mining industry when the Resources Minister said there would be no ban on new coal permits, but it may happen in the future.


There was plenty of emotion at the wrecked Pike River coal mine yesterday when the portal was entered by a Government minister and two of the women who lost family members. We still await details as to why it may be safe to re-enter this mine.

Other Metals & Minerals News

While the Tiwai Point aluminium smelter may be not much more than a thimble full in Rio Tinto’s mineral and metal production, it nonetheless paid its part in both 2017 and the first quarter of this year.


In recent years there have been doubts cast over the future of the Tiwai Point aluminium smelter and what impact there could be if this dominant energy consumer was to cease. An Australian broker believes there are no immediate issues today.


A delegation from Morocco has visited New Zealand to try and convince authorities and industry that it should remain an unfettered supplier of phosphate.


Another feather in the cap of infrastructure and mining contractor Downer has been a new contract for a major underground mine in South Australia.


Rio Tinto is pushing for better prices on aluminium it produces in Canada using hydro power, and it has two smelters in Australasia that could claim the same low carbon status – Bell Bay in Tasmania and Tiwai Point in Southland.

Renewable Energy News

Mother Nature played a major role for Mercury NZ in its operational performance in the March quarter.


The March quarter for Tilt Renewables showed there was a lack of wind again in the turbines, this time mainly due to moderate winds in New Zealand.


The chief of the Electricity Authority says that for New Zealand to achieve 100% renewable energy in the future the key for this will be technology.


The December half year figures for turbine maker Windflow Technology shows that its major asset sale has allowed it to climb out of a financial abyss.


New Zealand Windfarms believes its changes that produced a good December half year will lead to a continuation of better times.

Environment News

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.


A major mouse-eradication problem on Antipodes Island will allow help bird life to thrive again on this remote New Zealand dependency.


Scientists are still studying the impact of Kaikoura’s devastating 2016 earthquake which has now shown seabed landslides saw mud travel more than 600 kilometres.


A predator eradication programme in the lower North Island is advancing with the support of one of the major energy companies.

Education, Science & Technology News

The mining division of Downer EDI, a key sector in the company’s development, may now be on the market.


The advances being made in ground penetrating radar for mineral exploration will be outlined at an AusIMM meeting in Christchurch next month.


Author and lecturer Professor Ian Plimer has been an ardent critic of the swing of scientific claims towards global warming and he was amazed by a claim by New Zealand’s Forest & Bird on reasons for melting glaciers.


Freshly developed data on the South Island will be outlined at the AusIMM Nelson Discussion Group meeting later this month


The University of Otago has found that wild storms have shown up how far sub-Antarctic marine life can travel.

Economics, Politics & Government News

Finance Minister Grant Robertson returned to one of his old haunts in Dunedin to tell local business people that there was a need to invest more in the public sector.


Working parties are being generated at a high rate by the new Government and the National opposition is seeking to score points on this activity.


The latest public opinion poll saw Labour dip to be behind National but then the other coalition parties showed a retained lead for the Ardern Government.


A leading opinion polling group has delved into its data to show that poverty and the gap between rich and poor were prime issues.


Soon after being elected Leader of the Nationals Simon Bridges put out what appeared to be a peace pipe with the Green Party. Following the appointment of a new co-leader of the Greens, that pipe has been withdrawn.

Other News

Scott Technology detailed to the market the price set for shares to be issued to shareholders instead of a dividend.


The Deloittes South Island Index, a barometer of listed companies, has lost some of the shine from 2017 as several stocks lost share market traction in the March quarter.


A director who saw the new shareholder and growth phase for Scott Technology is to retire.


Fletcher Building shares have resumed trading and the problem of New Zealand’s largest construction company digging itself out of a big hole shows it is making progress.


Early next month Genesis Energy will have someone new in the dual role of general counsel and company secretary.