CAPITAL MARKETS

Pipeline deal a boon for mineral processors

AN early go-ahead for the PNG-Queensland pipeline is likely after Papua New Guinea producers, led by ExxonMobil, signed a gas supply agreement with Australian Gas Light Co, opening the possibility of a cheap energy source for mineral processors in the state.

MiningNews.Net

The deal involves AGL purchasing up to 50 petajoules of gas for delivery from PNG into Moomba over a 20-year period commencing in 2006. Up till now, most of the marketing effort had been concentrated...

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