Peter Ker

Peter Ker

Fortescue Metals Group seizes on discount debt again

Peter Ker Fortescue Metals Group has repaid $US750 million of debt for the cost of just $US618 million.

Allianz makes a €2 trillion statement about coal divestment

Another big corporate has backed away from coal

Peter Ker The German financial services giant has vowed to offload significant coal holdings within six months.

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Worst yet to come for BHP: Standard & Poor's

BHP chairman Jac Nasser: The company's credit rating and ability to maintain its progressive dividend have been under a cloud in recent months.

Peter Ker The ratings agency has reaffirmed BHP's credit rating but warned its risk profile was likely to worsen next year.

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Rio Tinto's Australian MD Phil Edmands departs after reshuffle

Rio Tinto's Australian managing director Phil Edmands has left the mining company.

Peter Ker Rio Tinto's managing director of Australian operations, Phil Edmands, has left the mining company.

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Newcrest's Cadia mine operating after 'remarkably good' repair

Newcrest Mining has escaped from last month's sag mill failure without having to lower its full year guidance

Peter Ker Newcrest Mining appears to have escaped from a mill failure at its biggest mine without having to lower its gold production guidance, after news on Monday that the mill has resumed operating.

BHP Billiton tipped to reduce dividend if commodity price pain persists

BHP's board will review its dividend in February.

James Thomson and Peter Ker BHP Billiton will be forced to cut its dividend to protect its credit rating if commodity prices remain depressed, UBS analyst Glyn Lawcock says.

FMG became fighting fit by becoming the biggest loser

Fortescue chairman Andrew Forrest.

Peter Ker Andrew Forrest's mining company is winning the race to cut costs ahead of the falling ore price.

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Samarco restart on the cards

A farmhouse is buried in mud after the Samarco dam failure.

Peter Ker BHP Billiton and Vale appear determined to resume mining at the tragic Samarco operations in Brazil, with the companies beginning to discuss a return to business some time in the future.

Progressive dividend sets BHP Billiton apart, says Jac Nasser

CEO Andrew MacKenzie.

Peter Ker BHP Billiton chairman Jac Nasser has refused to guarantee the progressive dividend will survive the company's revenue collapse, but has heavily hinted that it will remain after declaring that it is...

Jac Nasser vows to find Samarco dam collapse cause as BHP endures horror year

BHP's annual meeting was held in Perth on Thursday.

Peter Ker BHP chairman Jac Nasser says the mining giant is enduring one of the most difficult years in its history as he vowed to find out what caused the Samarco dam disaster in Brazil.

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South32 defends share price slump

South32 has blamed its low share price on tough market conditions.

Peter Ker South32 chairman David Crawford has defended the poor share price performance of his young company, saying it has been caught up in a "great shakeout" of the mining industry, and warned that poor...

Fortescue chief Nev Power flags improving demand as price plummets

Fortecue chief executive Nev Power says Chinese demand is beginning to improve.

Peter Ker and Tess Ingram Fortescue chief executive Nev Power has told staff at the miner that Chinese demand is beginning to improve and hinted that the company is unlikely to sell assets in the near future.

Fortescue Metals points to big miners' cash-flow issue as industry saviour

Rio Tinto, Vale and BHP Billiton have vowed to continue growing iron ore exports.

Peter Ker Rio Tinto, Vale and BHP Billiton have vowed to continue growing iron ore exports, but all are facing reduced levels of cash flow.

Rio warns a Queensland coal mine will close if an extension request is rejected

Rio Tinto says the future of the Kestrel coal mine in Queensland rests on an expansion request.

Peter Ker Rio Tinto has told the federal government its Kestrel coal mine in Queensland will close if an extension request is rejected.

Brazil tragedy mires BHP amid wider troubles

BHP  says it is working with its JV partner, Brazilian miner Vale, to minimise the environmental impact.

Peter Ker Neville Rockhouse never stops thinking about it, but on Thursday he will think about it more than most days.

BHP share price falls as doubts grow about dividend policy

Andrew Mackenzie, Chief Executive of BHP Billiton speaks at the Minerals Week 2015 seminar on the 3rd of June, 2015 at Hotel Realm in Canberra. Pic Stefan Postles

Amanda Saunders and Peter Ker Andrew Mackenzie's visit to the site of the Brazil dam disaster has not prevented a slide in the mining giant's share price.

CBA analyst predicts BHP will cut dividend by 35% within two years

It's been a tough period for BHP.

Peter Ker Commonwealth Bank analyst Andrew Hines has forecast BHP shareholders to receive the same dividend ($US1.24) in the 2016 financial year as they did in the 2015 financial year.

BHP investors get another buying opportunity, but do they want to take it?

Homes lay in ruins after two dams burst on Thursday, flooding the small town of Bento Rodrigues, Brazil.

Peter Ker Some of BHP's big investors have vowed to seize on moments of poor sentiment toward big miners, but in the wake of the Samarco tragedy, do they still want to take it?

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Economist Saul Eslake says the mining boom may be the last ever

Miners have been given a gloomy warning by economist Saul Eslake

Peter Ker The final commodities boom in "human history" may have just finished, according to prominent economist Saul Eslake.

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BHP axes Port Hedland tug operator in favour of non-unionised rival

Iron ore exports are booming through Port Hedland. Photo: Bloomberg

Peter Ker BHP Billiton has responded aggressively to last year's industrial dispute at Port Hedland by axing its unionised tugboat provider.