Simon Hartley

Southern focus for oil, gas exploration

Southern focus for oil, gas exploration

Southland and the adjacent offshore Great South Basin are the new focus of oil and gas exploration, as Energy and Resources Minister Simon Bridges signals the opening up of those areas.

Briscoe says no advance on Kathmandu offer

Briscoe says no advance on Kathmandu offer

Briscoes' hostile takeover bid for sport and leisure retailer Kathmandu remains unchanged, Briscoes saying yesterday it sees no reason to increase its implied $1.80 per share offer.

Mining safety at forefront

Mining safety at forefront

The mining sector's two most influential regulators - WorkSafe NZ and permitting agency New Zealand Petroleum and Minerals - still have plenty of work ahead in their respective roles.

Minister says surveying will help miners

Minister says surveying will help miners

Exploration in the minerals sector should get a much needed boost from the collation of government funded geological data, just as was done for the oil and gas sector, Energy and Resources Minister Simon Bridges says.

Two gold miners pass milestones, conference told

New Zealand's largest gold producer and arguably one of the smallest commercial operators in the country have both notched up milestones this week, despite the withering global gold price pushing some competitors to the wall.

Coast coal miners seeking to survive

The West Coast's stricken coal miners - Solid Energy and Bathurst Resources - both attended the mining industry's annual New Zealand conference yesterday, to the surprise of many of the 260 delegates.

Mine investment hits all time lows

Mine investment hits all time lows

No punches were pulled in the opening sessions of New Zealand's annual mining conference, with speakers highlighting the commodity price plunge, the dire lack of equity funding and the growing indifference of investors to the lurching mining sector.

Writedowns, low generation behind Mighty profit decline

Mighty River Power's profit has tumbled 76% from a year ago, after the electricity generator-retailer booked one-off non-cash writedowns of $130million in exiting generation assets or developments.

Oil price plunge drags NZO down

Oil price plunge drags NZO down

Plunging global oil prices have dragged New Zealand Oil & Gas into a loss for the year, but its plans to rein in exploration costs are not affecting proposals to test drill off Oamaru.

THL books 81% gain in profit

THL books 81% gain in profit

Camper-van rental company Tourism Holdings continues its turnaround efforts, booking a more than 80% profit increase to $20million and reiterating guidance for a $30million profit in 2019.