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Posts From Colin Hay

Australia backs PNG’s COVID-19 preparations

THE Australian Government has provided an additional K1.7million to support the Government of Papua New Guinea prepare for and respond to Coronavirus (COVID-19). The funding support will boost the PNG Government’s existing commitment of K45million for COVID-19 response. “The health and safety of all Papua New Guineans is our number one priority. Australia has been an important supporter in helping Papua New Guinea respond to health emergencies,” said  Minister for

Better data means better health services and treatment

THE Catholic Church Health Services (CCHS) with the support of the Papua New Guinea-Australia Partnership is improving and strengthening its reporting mechanisms on sexual and reproductive health services in the country. CCHS data helps the Government of Papua New Guinea to make informed decisions about health service delivery including access to proper treatment. A three-day workshop on effective data collection, analysis and reporting was held for 11 Catholic health officers

Kingston completes Misima resource definition drilling programme

KINGSTON Resources Limited (ASX: KSN) has completed its resource definition drilling programme at the Ewatinona deposit within its 2.8Moz Misima Gold Project in Papua New Guinea. Managing Director, Andrew Corbett, said the successful drilling campaign paved the way for the release of an updated Mineral Resource estimate in the June 2020 Quarter. The Resource drilling programme was designed to expand and upgrade the existing 220koz Inferred Resource estimate at Ewatinona,

Mayur breaks ground on the pilot plant at its Orokolo Bay Industrial Sands Project

Mayur Resources’ (ASX: MRL) has completed pioneering and site enabling works for the pilot plant at its Orokolo Bay Industrial Sands Project in Papua New Guinea. Construction crew, mobile machinery, and building materials arrived at the site by barge in mid- February 2020 after a two‐day journey from Port Moresby. The company’s first priority was the building of the pioneer wharf and 250m long road to the work camp. A

PNG project delays raise concerns from global and local financiers

GLOBAL and local financial experts have expressed concerns at the state of Papua New Guinea’s economy in the face of continued delays to a number of world-class resource projects. The mood has darkened further with the PNG Government’s decision to walk away from negotiations on the P’nyang development, a key piece the proposed expansion of the country’s LNG industry. There have also been delays in negotiations for the giant Wafi-Golpu

OTML confirms all COVID-19 cases test results negative

OK Tedi Mining Limited (OTML) has advised that the results for its three remaining potential COVID-19 cases were negative. OTML managing director and CEO Peter Graham said the three individuals and their close contacts who have each been under quarantine have all been cleared after final medical checks. Between March 15th and March 20th, OTML identified seven potential cases, for whom samples were sent to the PNG Institute of Medical

High Arctic says all PNG drilling halted

CANADIAN oil and gas drilling rig provider High Arctic reports that it has received formal notification from its main customer in Papua New Guinea that it is suspending all drilling operations in the country until further notice. High Arctic said the customer’s decision to suspend and defer operations is in reaction to the current low oil and gas prices and the COVID-19 pandemic. The company is now working with the

Air Niugini delays delivery of four 737 Max Jets until at least 2024

AIR Niugini has updated its purchase contract with the Boeing Company to delay the delivery of the four Boeing 737 MAX jets it has on order until at least 2024. The airline’s managing director, Alan Milne, said the four 737 MAX jets were ordered in 2014, and the airline had originally been due to receive its first aircraft later this year. “This delay will give the airline more time to

Canterbury looking for Golpu style targets at new Morobe copper-gold project

JUNIOR PNG mineral explorer Canterbury Resources Limited has successfully lodged an Exploration Licence application covering the Idzan Creek and Wamum copper-gold porphyry systems located northwest of the major Wafi-Golpu Project in Morobe Province Managing director Grant Craighead said the new tenement further strengthens Canterbury’s interests in the region and covers prospects where historic drilling has demonstrated the existence of fertile copper-gold porphyry style mineralisation systems. Mr Craighead said that once

Horizon elects to terminate CEO Sheridan during PRL-21 investigation

PNG oil and gas explorer and developer Horizon Oil has decided to terminate the employment of CEO Michael Sheridan while it investigates allegations the company made a payment to a senior Government official to acquire an interest in Petroleum Retention Licence (PRL) 21 in 2011. Mr Sheridan was originally suspended on February 12, 2020, when the company elected to further investigate claims related to the PRL-21 deal. Horizon told shareholders