Our Sponsor

Latest News from NZResources.com

Vector had a significant lift on all fronts of its electricity and gas supply in the December half year and a dramatic lift in smart meter customers.

New Plymouth has seen the highs and lows of methanol production in the Taranaki and on top of the cobwebs being taken off one plant, the owner Methanex is showing a strong financial performance.

The latest Outlook report from the Ministry of Economic Development has some interesting projections through to 2030 and one is that NZ motorists will continue putting current conventional fuels into their cars.

With all the hot air being espoused on the petroleum exploration tool of fracking the Hawkes Bay Regional Council -- which could be see elevated exploration in its region – has decided to send one of its staff to Canada to view the fracking process.

An organisation set up in Northland 18 months ago has produced a blueprint and is offering a welcome mat for development of all forms of energy projects in the region.

Tui production in December quarter went to plan
by Ross Louthean (Subscription)

Pan Pacific Petroleum was comfortable with the production from the Tui oil project in the offshore Taranaki Basin for the December quarter.

The bottom line for New Zealand Oil & Gas on its original investment in Pike River Coal Ltd appears to be a financial hit of $21 million.

December was a “gas” month for Contact
by Ross Louthean (Subscription)

Energy and power provider Contact Energy had some improved sales in the gas area of its market in December but generally, with the onset of summer there were some lower figures elsewhere.

Labour calls for enquiry into use of fracking
by Simon Hartley (Subscription)

The politically charged claims about dangers of using fracking in petroleum exploration has resounded with some rural conservative politicians in Australia but across the ditch it is the Labour Party which is wanting an enquiry into using this search technique.

Royalco confirms payment of dividend
by Ross Louthean (Subscription)

Melbourne-based Royalco Resources has confirmed the date on which it will be paying a dividend for the December 2011 half year – a distribution to shareholders thanks to the royalty from an open cut gold mine at Reefton.

The pre-hearing of appeals against development of Bathurst Resources’ Escarpment coal project will be heard in Christchurch next month.

Recent Articles

Drilling advances on Sams Creek (subscription) — 25 January

Results for the first major drill holes for years in the slumbering gold project in the north western sector of the South Island could be detailed by the end of this month.

Meridian Energy, in persisting with the Mokihinui Dam project is going through the same appeals cycle on the West Coast as Bathurst Resources is for its Escarpment coal project.

AusIMM Congress to be held in NZ (subscription) — 25 January

The major annual meeting of the professional Australasian mining organisation will be held in New Zealand this year.

The detailed December quarter report by Solid Energy showed it was a strong three months with ample activity also on the mine development front.

Chatham Rock Phosphate has now reached the half way mark with its four year marine lease on Chatham Rise and its pushing ahead raising capital and looking at its options in what is now a softer global market.

Meridian Energy has got rid of a major wind farm project which, if it had persisted with, would have made it less appealing on the part privatisation market.

The December production quarter figures for OceanaGold were fairly well in line with projections, cash costs improved and the company’s gold-copper mine advances towards commissioning.

New Zealand economy near the neutral gear (subscription) — 23 January

Columnist Dene Mackenzie looks at the latest economic statistics and talks to economists on the issue of New Zealand nearing stall mode.

Shareholders in oil and gas explorer Octanex which is active in New Zealand will be getting an unusual dividend – a distribution of shares in two other Australasian companies.

Modified bugs turn seaweed into biofuel (free to view) — 23 January

That smelly stuff that washes up on beaches in late autumn and early summer in the southern hemisphere may now become a new source of energy, according to scientific studies in North America.

 





 

JavaScript DHTML Menu Powered by Milonic