Peter Ker

Peter Ker

Arrium iron ore mine closure is just the beginning, says Citi

Arrium/One steel plant in Whyalla, South Australia.

Peter Ker More iron ore mines will shut before the end of 2015, according to the analysts at Citi.


Alcoa of Australia refuses to be tempted by bauxite boom

The ALCOA plant

Peter Ker Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush.

Mining jobs lost as Australian iron ore mines close

iron ore

Peter Ker High-cost mines are starting to close as the iron ore price slump persists.


Jobs lost as iron ore miners stumble

Caterpillar Inc. 793F autonomous haul trucks transport iron ore from the Kings mine site at Fortescue Metals Group Ltd.'s Solomon mining hub in the Pilbara region, Western Australia, on Monday, Dec. 2, 2013. Fortescue, Australia's biggest issuer of junk-rated mining bonds, is targeting investment-grade status as strength in iron ore prices lets the company cut its debt burden

Peter Ker The muck is starting to hit the fan in Australia’s iron ore industry, where companies reported more than $3billion in asset writedowns this week, along with the probable loss of more than 500 jobs.


BHP Billiton will scale back its US shale oil and gas operations and report multimillion-dollar impairments

BHP Billiton's Atlantis South oil and gas project, in the Gulf of Mexico. Oilfield services company Schlumberger said it was expecting the oil and gas industry to reduce spending on exploration and production in 2015, and employee numbers would need to fall in lockstep.

Peter Ker The Australian miner looks set to trim capital spending even further in the wake of sliding prices for oil, iron ore, coal and copper.

Melbourne licorice maker Betta Foods goes into administration


Peter Ker Melbourne-based licorice and ice-cream cone maker Betta Foods has gone into administration.


Oil slump forces BHP to cut shale; faces up to $US250m in impairments

Rig numbers in the US shale division would decline by as much as 40 per cent by the end of June.

Peter Ker BHP Billiton has responded to the oil price slump by scaling back operations in its US shale division, and flagged the prospect that the petroleum division could wear impairments of up to $US250...

Citic facing billion-plus in impairments on Palmer project

Peter Ker Citic Limited warns that falling iron ore prices will force multibillion dollar impairments on its Australian assets.


Sirius shares soar on another discovery

PanAust is the latest miner to take the knife to its cost base.

Peter Ker The nickel aspirant has struck gold in Western Australia.


Rio Tinto ramps up sales ahead of dividend day

Rio Tinto

Peter Ker Rio Tinto production results show the miner exceeded expectations for iron ore production and sales.


Expansion at PNG LNG a step closer

ExxonMobil's new LNG tanker Papua, custom-built for its PNG LNG venture.

Peter Ker A development decision on a third train at PNG LNG should happen before December 2017.

Oil rout to prompt changes in BHP's US arm

BHP logo

Peter Ker BHP's shale contractor in the US has started preparing for spending cuts.


Copper joins commodity price plunge, World Bank tips lower global growth

Copper ended 2014 near five-year lows.

Vesna Poljak, Greg Earl and Peter Ker The price of copper plunged to a more than five-year low on Wednesday, as the metal joins iron ore and oil as victims of the commodity price crash, drawn out by a fresh blow to global growth.


Jobs slashed as commodity storm hits copper miners

PanAust is the latest miner to take the knife to its cost base.

Peter Ker PanAust has confirmed that 182 jobs will go on the day that copper prices fell by more than 6 per cent


Higher coal prices ahead: Whitehaven

Higher coal prices ahead, Whitehaven says

Peter Ker Whitehaven Coal is defying the forecasters who say coal prices will fall in 2015


Alcoa sees rising demand underpinning revival


Peter Ker Alcoa insists that demand for lighter, fuel-efficient vehicles and aircraft will continue to stoke its revival, despite the recent slide in the oil price making transport cheaper.


Rio Tinto flags interest in uranium exports to India

Rio Tinto chief Sam Walsh said India loomed as an attractive market for Australian uranium producers.

Peter Ker The miner is looking to India but whether it will continue to produce the nuclear fuel in Australia in unclear.

S&P's cut to oil price forecast heaps pressure on exposed producers

Peter Ker S&P has cut its oil price forecasts for the fourth time in three months.


Oil and gas producers face rating downgrades

Standard & Poor's cut its Brent oil price assumption for 2015 by more than 30 per cent.

Peter Ker The risk of further credit rating downgrades for oil and gas producers has intensified, after ratings agency Standard & Poor's gave up hope of an oil price rise in 2015 and cut its price assumptions...


BHP Billiton wants to increase radioactive waste storage at Olympic Dam, but opponents say leakage rates will rise

The Olympic Dam contains copper, gold, silver, uranium and potentially other valuable commodities.

Peter Ker The miner wants to store more radioactive waste at Olympic Dam, but opponents say leakage rates will rise.