Mari Petroleum Company Limited’s Post

Thank you Anthony Smare, President of PNG Chamber of Resources and Energy (#PNGCORE), formerly PNG Chamber of Mines and Petroleum, for providing insightful commentary on the National Gold Corporation (Project and Shareholders Agreement) Bill 2022. It is best that the Bill, in its current form, should not be presented during the National Parliament Session in May 2024. This is to allow additional, better and refined consultations so that all the stakeholders are on the same page and doubts are removed. In addition, the "revised" Bill should authorize 100 % PNGean ownership of gold refining and sales. Furthermore, it is best if Mineral Resources Authority (#MRA) is the Implementing Agency, which can be supported by partner agencies such as Provincial Governments, Internal Revenue Commission (#IRC), Bank of PNG (#BPNG), Commercial Banks and #PNGCORE. #NationalGovernment #PNG #RefineryHoldingsPteLimited #Singapore #ShareholdersAgreement2021 #NationalGoldCorporationBill2022 #NationalGoldCorporation #NationalGoldAuthority #NationalGoldMint #NationalGoldBank #NationalGoldPolice #StateEquityCorporation #100% #PNGOwnership #GoldRefiningOperation

Fitch Ratings observed 22 transactions of at least USD100 million in the exploration and production (E&P) segment in 2H23, including royalty and minerals transactions. Learn more: https://ow.ly/qKRy50R4huF #Energy #Transaction

Meet the QRC’s 2024 Board of Directors. Our Directors represent a broad range of commodities and are a voice for all our members.   The Board, our CEO and policy team got together recently to talk about what our industry needs from the next government of Qld.   With a state election coming up, it’s important all sides of politics understand what it takes for our sector to continue to be Qld’s number one export industry, that is:   • stable, competitive government policy settings • genuine consultation about policy changes that impact our industry • action to reduce long delays in project assessments and approvals • better access to a skilled workforce   Stay tuned for more updates as we finalise the QRC’s priorities in the lead-up to the state election on October 26.   Member companies represented on the QRC Board include (L to R) Australia – Anglo American, Coronado Global Resources Inc., Evolution Mining, Thiess, Arrow Energy, BHP, Jellinbah Mining Group, Australia Pacific LNG, South32, Queensland Exploration Council, Glencore Australia (Glencore Qld Metals), Stanmore Resources Limited, Genuity and Whitehaven Coal.   * Board includes BRAVUS COO Mick Crowe and Genuity CEO Brent Gunther (represented by alternate Carly Roberts).

Exciting times in Canada’s world class resource sector. Initiatives like these ensure Canadians will continue to benefit from natural resource development, and the global sector will continue to benefit from Canadian innovation and values. “To support enhanced benefits to the Elk Valley, B.C. and Canada, Glencore has made commitments that will ensure, among other things, that… • EVR will maintain significant employment levels in Canada with no net reduction in the number of employees in the business in Canada as a result of the transaction.
• EVR will increase capital expenditures in Canada such that they will amount to over CAD$2 billion (excluding deferred stripping) over three years.” #watertreatment #mining #Fernie #elkvalley Teck Resources Limited Glencore

Congrats to Signal Gold Inc. (TSX:SGNL) on their latest quarterly results! https://lnkd.in/gxbpV-qT Signal Gold completed a non-brokered private placement for aggregate gross proceeds of $6,688,800, which will be used to advance exploration and development activities at the Goldboro Project and for working capital and general corporate purposes.   Signal Gold invested $6,469,741 in its exploration and development projects in Q2 2023, of which $6,389,269 was invested in the Goldboro Project relating to growth exploration drilling, the progression of key development permits and detailed engineering, and geotechnical work.   The Company executed a Share Purchase Agreement with Maritime Resources Corp. for the sale of the Company's Point Rousse Project for $3,000,000 in cash, approximately $1,000,000 in common Shares of Maritime, and the assumption of the related reclamation liabilities of Point Rousse. This is perfect time to also review the operational, sales, capital, demand, capacity, HR, and cash flow models as part of gap analysis and scenario planning.     This is perfect time for all enterprises to embrace ESG data as part of their operational, management, and regulatory reporting cycle. Key focus area should be on the data journey that will drive ESG and other operational metrics out to various stakeholders.       Here are links that can assist enterprise with their data and AI journey as part of the regulatory and management reporting cycles:   Blog - https://lnkd.in/gZfax39E   Scenario Planning - https://lnkd.in/g2M6Rka4     Are you ready for the new Global ESG reporting Standards? - https://lnkd.in/gnms3fy7   Close, consolidate, and reporting - https://lnkd.in/gARHRXB4   Key Environmental Areas – https://lnkd.in/gmKExD7a    Data Management - https://lnkd.in/g8SvPfDx   #energyefficiency #energymanagement #watermanagement #wastemanagement #healthierliving #wastemanagement #HRpolicies

UNLOCK A WORLD OF OPPORTUNITIES THROUGH DGC's AGENT NETWORK!! Join us as an Agent and shape the future of industrial excellence in sub-Saharan Africa Step into the future of industrial empowerment with DGC AssetPro Solutions. Our visionary initiative introduces a revolutionary franchise model, meticulously crafted to elevate well-established enterprises in the mining, mineral processing, metals smelting, petrochemical refining, oil & gas, and large manufacturing industrial sectors on a global scale. With DGC AssetPro Solutions, our mission is to unleash the untapped potential within a myriad of industrial businesses. Through strategic support, invaluable resources, and essential industry insights, we are unwavering in our commitment to spearhead growth, stimulate job creation, and propel the industrial sector toward unparalleled progress. Read more: https://lnkd.in/d6twF3mq #DGCAssetPro #SubSaharanAfrica #FranchiseModel #MiningIndustry #IndustrialExcellence #IndustrialEmpowerment #JobCreation #ManufacturingSector #AgentNetwork #DGCAFRICA #Furnace #Industrialsolutions #Assetintegrity

"Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific oil basin. The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals, Occidental said Monday in a statement. The company has lined up $10 billion of committed bridge financing through Bank of America Corp., according to an investor presentation. That’s expected to be replaced with more permanent financing including term loans and bonds. Occidental, which also plans to issue about $1.7 billion in new shares to fund the deal, rose 0.7% at 9:37 a.m. in New York. CrownRock, the third-largest closely held oil producer in the Permian Basin, has operations that complement assets Occidental acquired through its massive 2019 takeover of Anadarko Petroleum Corp. To secure that deal, Chief Executive Officer Vicki Hollub secured a $10 billion investment from Warren Buffett’s Berkshire Hathaway Inc., which is now Occidental’s biggest shareholder." #mergersandacquisitions #occidental #crownrock #permianbasin #oilandgas #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance https://lnkd.in/gHyBVdPB

Higher the oil price = increased risk of stranded assets = lower exploration capex = higher Enhanced oil recovery capex= low Cash outflow from investing activities = Higher free cash flow. The fascinating O and G sector!

NCM in N$6.8 billion private placement Namibia Critical Metals Inc. (NCM) last week announced it intends to complete a non-brokered private placement in the amount of up to CDN500,000 (about N$6.8 billion) consisting of units offered at a price of CDN0.06 per unit representing a 7.7% discount to the closing price of the common shares of the Company on November 17, 2023. Each unit will consist of one common share and one warrant. Each whole warrant will be exercisable for one common share at a price of CDN0.10 for a period of 24 months. A maximum of 16,666,667 common shares of Namibia Critical Metals will be issued pursuant to the Private Placement (assuming full exercise of all warrants). Bannerman Energy Ltd. has confirmed their intent to participate in the Private Placement up to a minimum amount of CDN209,000, representing their current pro rata ownership of the Company of 41.8%. https://lnkd.in/dPhZXwpW