Latest Western New Guinea Stories
TORONTO, June 2 /PRNewswire-FirstCall/ - Inmet Mining Corporation (IMN-TSX) announced that it has reached an understanding to exchange its 18 percent equity interest in Ok Tedi Mining Limited (OTML) for a 5 percent net smelter return (NSR) royalty on revenues of product from the Ok Tedi mine. The proposed transaction has been structured to be neutral on a net asset value basis and to enable OTML to pursue certain projects outside the scope of its current activities while insulating Inmet's...
Conservationists said on Tuesday that Papua New Guinea has created its first conservation area to save an untouched rainforest larger than Singapore and to protect rare animals such as a bear-like tree kangaroo.
Researched by Industrial Info Resources (Sugar Land, Texas) -- In a move to conserve cash in a down-trending market, Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) (Phoenix, Arizona) has delayed development on several copper and molybdenum mining projects in Arizona and Colorado because of a drop in commodity metals prices and the deteriorating global economy.
InterOil Corporation (TSX: IOL)(AMEX: IOC)(POMSoX:IOC), today announced that it has agreed with Petromin PNG Holdings Limited, a government entity mandated to invest in resource projects on behalf of the Independent State of Papua New Guinea, for Petromin to take a direct interest in the Elk/Antelope field.
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: UAL Corp. (Nasdaq: UAUA), Freeport-McMoRan Copper & Gold Inc.
McMoRan Exploration Co. (NYSE: MMR) today updated latest developments at the Flatrock field and the South Timbalier Block 168 ultra-deep exploratory well. McMoRan announced today a successful production test at Flatrock No. 4 (location "C").
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): HIGHLIGHTS -- Net income applicable to common stock for third-quarter 2008 totaled $523 million, $1.31 per share, compared with $775 million, $1.87 per share, for third-quarter 2007.
McMoRan Exploration Co. (NYSE: MMR): HIGHLIGHTS -- Third-quarter 2008 earnings of $61.9 million, $0.96 per share, before hurricane charges and unrealized mark-to-market gains on derivative contracts.
McMoRan Exploration Co. today declares, for the period from August 15, 2008 through November 15, 2008, a cash dividend of $1.6875 per share payable on November 15, 2008 to holders of record as of November 1, 2008 for its 6.75% mandatory convertible preferred stock (NYSE: MMRPrM).
Text of report by Papua New Guinea Post-Courier website on 10 October The multi-billion kina mining company accused of causing a security scare in Papua New Guinea has denied outright it was doing so.
Southern Tailed Birdwing (Ornithoptera meridionalis), is the smallest species of butterfly in its genus. It is found in southern Papua New Guinea and in several areas along the south coast of Irian Jaya. It is strictly a lowland species, favouring primary rainforest. A very few specimens have also been collected at altitude in Irian Jaya, however these specimens were reared from immature stages and emerged crippled, suggesting that high altitude forests are not favoured habitats. Males...
- The act of lurking; skulking about; hiding; keeping from sight.