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By Dene Mackenzie

A few years ago OceanaGold was looking like a troubled gold miner while a big Australian gold producer was on the acquisition trail. The tables have turned.


A detailed new study for economic development opportunities on the East Coast of the North Island has been released and it takes in the emerging oil and gas exploration endeavours.

Includes following attachments:
- East Coast regional economic potential Final Report. (2.9 megabytes)

Other Minerals and Metals

Chatham Rock Phosphate has raised more capital and is setting in motion the building bricks to have a secondary listing in London.

Oil and Gas

The fishing line is out to hook a new chief executive for New Zealand’s peak petroleum organisation.

Includes following attachments:
- Advert for CEO. (53.3 kilobytes)

Oil and Gas

Early next month government departments involved in all facets of petroleum exploration will descend on Dunedin to conduct a public meeting.


The Reserve Bank yesterday did what the market expected it would do – lift the official cash rate to provide a levelling effect on the economy.


One of New Zealand’s larger listed power generators experienced strong growth in the month of March for electricity customers and for gas distribution but had lower natural gas sales.

Includes following attachments:
- Operational Performance for the nine months ended 31 March 2014. (171.4 kilobytes)

Oil and Gas

Operations with fuel transfer and supply for one major petroleum group at Lyttelton port is returning to normal following damage caused by heavy rain and a landslide.

Recent News

Gold News

Central Otago Police have warned gold mining companies they need to maintain vigilance to prevent any new cases of gold stealing.

A pit-wall slip at the big Macraes open cut was expected to have a minimal impact on production.

If gold producers are worried about the future course of the metal’s price then they should be buoyed by findings about growing demand from within China.

A note has gone out to shareholders of Antipodes Gold, which until recently was Glass Earth Gold, to make it clear the company now had one project on which to focus.

The last two weeks were just what the gold producers did not want, the progressive rise of the gold price halting and sliding back significantly.

Oil & Gas News

Yet another petroleum joint venture has completed a seismic programme in the offshore Taranaki.

The cost of equipment issues for the Marsden Point oil refinery has been detailed by a Northland newspaper.

A London-based oil and gas explorer focused on New Zealand has appointed an executive well known in local circles as its new managing director.

The sidetracking on deep drilling on the Pateke-4H appraisal well has progressed further.

A seismic programme has been completed on an offshore permit in the Taranaki where an exploration well is yet to be drilled.

Coal, Lignite & CSG/CBM News

The estimates of a private placement for Bathurst Resources by business journalists proved correct and now the company is considering something for shareholders.

The trading halt for Bathurst Resources on its latest capital raising was originally to have been lifted with an announcement yesterday, but that has now been changed to today.

One of the extreme anti-coal groups is making a claim that many of its members will be quitting using a major bank on the basis of allegations that it was financing a coal mine developer.

There have been a lot of public brickbats thrown at Solid Energy in the past two years but one decision on capital outlay for the country’s biggest coal mine was now seen by a Government scrutineer as a sensible move.

One of the many mining companies in Hong Kong this week for a major conference was a New Zealander which, like the others, was on a market selling and possible capital raising quest.

Other Metals & Minerals News

The first deepsea mining robot has been built to specific requirements and once it gets the chance to work it may be the pathfinder for several seafloor minerals mining projects.

The long sleep for the Barrytown mineral sands project may be over, with a private company moving to full ownership and with a strong belief it the project’s potential.

Years of research and test work with specialist companies around the world has seen the first of three seafloor mining machines built.

What is probably New Zealand’s best mineral sands project is being sold by a Perth-based company to its joint venture partner.

Newmont Waihi Gold has gained a reputation of undertaking important public communication and regional services, and some of this activity has now been detailed.

Renewable Energy News

A new report just out shows a significant growth in renewable energy around the globe despite the fact some governments cut their spending in this area.

The Te Papa Museum will be venue for a wind energy conference in April that will attract some global experts on renewable energy issues.

The extent of growing renewable energy programmes was outlined at an energy conference in New Zealand late last week.

An American group is now marketing a technology in New Zealand which it says will challenge conventional wind power.

Auckland University has become involved in another renewable energy programme with an Asian nation.

Environment News

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.

There was unanimity in Parliament yesterday for the passage of new legislation to protect marine areas at and near Kaikōura.

New Government legislation will create a marine sanctuary off Kaikoura for a variety of roles.

Three large new marine reserves have been established in New Zealand’s southern waters and this will sterilise these areas from any form of exploration and mining.

Education, Science & Technology News

GNS Science has strengthened its working relationship with iwi in the active Rotorua volcanic belt.

Scientists and technology specialists are in Wellington this week to further peaceful uses for nuclear science in the Asia-Pacific region.

An Auckland company is continuing to make global waves with innovative measures to help industry create new fuel and energy from waste.

A well known resource analysis group has joined the AusIMM in New Zealand in creating a new scholarship for post-graduate students.

The AusIMM is getting more active out in the provinces in New Zealand to promote lectures and study programmes.

Economics, Politics & Government News

The body representing New Zealand’s manufacturing sector is happy with most of the new Labour manifesto for the industry but wants to see other changes proposed.

All is not smooth between Labour and the Greens and the Nationals have used the opportunity to highlight the potential differences.

Columnist Dene Mackenzie looks at Labor’s new move to try and get political leverage on an old party blueprint for compulsory superannuation.

The political storm over State asset sales is not over but the early views on the Genesis 49% float are that it will help abate the Labor and Green winds seeking change.

There have been some positive comments by market observers in New Zealand on the Genesis Energy IPO and now a positive observation has been made across the ditch.

Other News

Will the Reserve Bank again lift the official cash rate tomorrow? Pundits feel it will and see two bugbears for the economy – the strong Kiwi dollar and the price of milk.

A privately owned South Island port is pondering selling its substantial stake in a listed port.

Shock, horror! Labour’s strident critic of the Green Party over its inflexible views on resource development has admitted receiving funds from an oil company. Sadly, the politician concerned is leaving politics, but apparently not because of this issue.

Shares in Genesis Energy are scheduled to list today on both the NZX and ASX and based on the demand shown it could prove to be the most popular of the three Government partial privatisations.

One of New Zealand’s key ports has been able to replicate its recent financial performance but management sees potential tougher times ahead.