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By Simon Hartley

It was another good year for Freightways which may well be back on the acquisition trail after securing performing Australian assets last year.

Includes following attachments:
- Full year results presentation. (1.9 megabytes)

By Dene Mackenzie

Another year of lower hydro performance saw Contact Energy miss its profit guidance target.

Includes following attachments:
- Annual report. (2.5 megabytes)
- Full year presentation. (2.8 megabytes)

By Ross Louthean

BlueScope Steel has made a complete rebound from the disastrous financial and productivity performance of three financial years ago and also has its New Zealand Steel operation on an even keel.

Includes following attachments:
- FY18 presentation. (6.6 megabytes)
- Director's report. (2.9 megabytes)
- ASX release. (107.3 kilobytes)

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.

The month of July provided a steady result for Contact Energy with one of the positives being a lower cost of energy compared to July 2017.

Includes following attachments:
- Monthly operating report for July. (592.9 kilobytes)

IkeGPS Group had success in lifting the profile and orders for its new IKE Analyze product in North America.

The choked roads in and out of Auckland at peak hours conveys the picture of a gridlock, but a legal firm has taken the case for more Government spending to embrace the spurious issues around climate change.

Another loan has been provided by a finance subsidiary of one of Nautilus Minerals’ major shareholders as testing of seabed mining equipment and preparing for a special ship advances.

Recent News

Gold News

Condamine Resources, which dropped out of taking up the Sams Creek gold project, has now taken up leases in the Reefton goldfield.

The search team for OceanaGold at Waihi has long held the view that targets below and lateral to the Martha open cut could provide longevity. That was further illustrated by latest drilling results.

The second day of Diggers & Dealers in Kalgoorlie was told that OceanaGold was likely to opt for an underground mine at WKP should that Waihi region project be seen as commercial.

Queensland junior explorer Laneway Resources, now going it alone on gold exploration on NZ’s North Island, says it was gearing up for drilling a target in the Hauraki Goldfield.

A limited exploration programme will continue on two gold prospects in the Otago South region for New Age Exploration.

Oil & Gas News

The big picture offshore petroleum permit near the North West Shelf infrastructure has been allowed to have a suspension in timing and more time to prepare for drilling a well with major partners.

There were no raised eyebrows with the official cash rate remaining unchanged in the deliberation released yesterday by the Reserve Bank Governor.

Z Energy has just appointed a new director who has been deemed to be independent.

Melbana Energy which has a project interest in New Zealand, has provided an update on its projects elsewhere.

Canadian-listed New Zealand Energy Corporation held its annual meeting in Wellington and re-elected its board.

Coal, Lignite & CSG/CBM News

Bathurst Resources’ June quarter report details a maiden dividend to the BT Mining joint venture and an awaited High Court decision on a party claiming a large payment.

A Perth-listed coal explorer has received a significant sum of money from Bathurst Resources to undertake work on a coking coal joint venture in Canada.

The Pike River mine recovery agency has seen its Minister Andrew Little sign off on three possible options for mine re-entry.

The minister in charge of the Pike River recovery effort indicated that an entry into the coal mine drift could be undertaken by the end of this year.

Bathurst Resources, now entrenched as New Zealand’s major coal producer, has now signed the deal that will take it into coking coal exploration and development in Canada.

Other Metals & Minerals News

The chief executive and president of Nautilus Minerals Mike Johnston is leaving the company.

The Tiwai Point smelter may well prove to be a market lifter for Rio Tinto in the second half of this year.

After years of trialling an Australasian private company will begin harnessing silica from geothermal power plants in New Zealand that could see a multi-million dollar industry develop.

New Zealand listed Aorere Resources has seen one of its prime investments sell out of nickel mining in Vietnam to move out of the Asian market.

A research institute on the West Coast is now well funded to take New Zealand into the dramatically changing demand for specialist minerals.

Renewable Energy News

The wind farm operator NZ Windfarms is moving into better financial terms after changes that began late last year.

The new Salt Creek wind farm in Victoria for Tilt Renewables has now been commissioned and taken over by the company.

Meridian Energy got out its crystal ball at an investor evening to cover issues including future energy demand, technology, politics and climate change.

Longroad Energy is selling one project and advancing another in North America and is set to provide a partial payback to its two key New Zealand investors.

One of Australasia’s renewable companies has chosen to utilise the Cloud technology services of a Scandinavian company.

Environment News

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

Since Friday night some significant earthquakes hat hit a small town on the North Island’s east coast, and it’s not the first time this hamlet has felt the shakes.

Education, Science & Technology News

Presentations on post-graduate projects will be covered at next week’s Dunedin Minerals Industry networking event.

A talk for the AusIMM set down to be held in Waihi late tomorrow afternoon has been cancelled.

Gold buffs will be drawn to a talk at the AusIMM’s Nelson Discussion Group by a mining identity who has for years been reviewing what has become known as the forgotten goldfield.

New research on the pink and white terraces at Lake Rotomahana confirmed their fate following the Mount Tarawera eruption.

If mining people in Waihi ever grumble about the weather they should hear a talk next week in the town about an underground gold mine in central Alaska.

Economics, Politics & Government News

The Government is providing more funding to advancing the growth of electric vehicle use on what is a targeted growth pattern.

Growing media coverage on claims of sliding business confidence has seen Finance Minister making comments at a conference.

The latest opinion poll has National opposition increasing its position as the favoured party but its leader needs to do more work in the favoured PM ranking against Jacinda Ardern.

New Zealanders are seeing a more sanguine Winston Peters since he took over the temporary mantle of Acting Prime Minister.

Former Prime Minister Sir John Key, considered to have been the leader who put New Zealand on the right economic path several years ago, said there are economic warning signs that the new Coalition Government may not handle well.

Other News

There has been some market commentary about an easing of business confidence and this would not have been helped by the slip in the NZ dollar’s against the American Greenback.

Australia’s mining boom collapsing four years ago saw several Kiwi mining professionals returning to the mother country, and job opportunities slide. A new survey shows job opportunities in Australia improving.

Latest manufacturing data shows that Otago and Southland have been performing more strongly but some other regions were slipping.

Meridian Energy’s July report shows a lift of hydro storage not only for the company but for other energy providers in New Zealand.

What does migration have to do with New Zealand’s business cycle? A new study indicates a strong connection.