NZ’s mineral resources lobby finally put up a bit of a fight for at least exploring Schedule 4 conservation land last week, as polling and a flood of anti-mining submissions ahead of this week’s deadline for submissions on Resources Minister Gerry Brownlee’s minerals gambit showed the policy is passionately detested by a large minority of […]
Standard & Poor’s credit rating agency says Meridian Energy’s purchase of the 70MW Mt Millar windfarm in South Australia will “modestly add” to Meridian’s business risk, and has reduced already tight balance sheet headroom to fund other developments. S&P warned last month offshore expansion plans for some electricity SOEs could stretch their balance sheets, especially […]
There’s been a distinct change of mood in the Beehive on the mining issue, with senior Ministers’ aides openly discussing the likelihood proposals to mine any conservation land will be abandoned. While Resources Minister Gerry Brownlee continues to defend the position, the inherent conservatism of the John Key Cabinet suggests there is a high chance […]
While oil, gas and minerals are likely to take a back seat in next week’s Budget, to be delivered on Thursday, John Key is dropping hints mining royalties could rise at some stage in the future. Speaking at his post-Cabinet press conference, Key said there were no royalties proposals in the Budget, but appeared to […]
Output from geothermal energy could double to as much as 1400MW of installed capacity within a decade, and account for close to a fifth of national electricity output. This is the view of MightyRiverPower CEO, Doug Heffernan, who shepherded media around the newly opened 140MW Nga Awa Purua geothermal station, which opened officially near Taupo […]
Local bourse operator NZX’s scramble to have its derivatives trading platform ready in time for the June 1 launch of a revamped wholesale electricity futures market is believed to be bearing fruit, with one international clearing participant now considering involvement. At least two or three clearing participants are required for a derivatives market to be […]
In its quarterly activities report Sydney-based Horizon Oil says it generated revenue of $US12.2m from oil sales of 162,583 barrels from the Maari field off Taranaki. Horizon has a 10% stake in Maari where it says the cumulative oil production through to April 28 has reached 7.6m barrels. Production was affected by a shut-in of […]
While oil, gas and minerals are likely to take a back seat in next week’s Budget, to be delivered on Thursday, John Key is dropping hints mining royalties could rise at some stage in the future. Speaking at his post-Cabinet press conference, Key said there were no royalties proposals in the Budget, but appeared to […]
Environment Minister Nick Smith’s announcement all water-users taking more than 5 litres a second will have to meter their water by 2016 is not only fundamental to progressing rational water allocation, but it is the clearest sign yet the value of water consents will be monetised to the greatest possible extent. While national prices for […]
Taxpayers may have to shoulder a looming $700m revenue “hole” in the emissions trading scheme. It’s because Govt estimates show forest owners will be allocated $1.1bn of carbon credits in the 2010-2011 year for the emissions they have absorbed. Climate Change Minister Nick Smith says “the reality is foresters are receiving the full benefits for […]
Max Bowden's
Business Sense
E-Newsletter
Your email address will not be shared with 3rd parties.
A Trans Tasman Briefing Paper - An Analysis of the Inner Workings of the New Zealand Bureaucracy
Just released. Available in both print and electronic format. Price reduction for Main Report Group subscribers.
ORDER NOW »Subscribe to NZ Energy & Environment Business Week and you will join the market leaders who regularly read our publication:
ABB 
Amalgamated Dairies Balance Agri-Nutrients Bell Gully Business Council for Sustainable Development Century Drilling & Energy Services Chapman Tripp Contact Energy CRL Crown Company Monitoring Electricity Commission Ellis Gould Embassy of Japan Envirowaste Services Formsteel Industries Genesis Energy Holcim Liquigas Ltd Masterfoods Maunsell Meridian Energy Methanex Mighty River Power Mitsui Motor Trade Association New Zealand Steel Ocean Harvest PEANZ Rockwell Automation Sealord Group Shell Solid Energy Telecom NZ Refining Co The Treasury The Warehouse Toyota Trustpower Vector Vodafone WWF NZ
