Peter Ker

Peter Ker

BHP to sell US shale assets

Peter Ker and Angela MacDonald-Smith BHP Billiton's patience with the most gassy parts of its US shale business appears to be waning, with the company indicating it may soon sell one of the assets it bought during its $US 20 billion...


Big names farewell former BHP chairman Sir James Balderstone

Sir James Balderstone.

Peter Ker Friends and family of Sir James Balderstone farewelled the legendary businessman.

BHP Billiton's September-quarter results showed encouraging performance for several assets bound for demerger

The glow of the mining boom continues to fade.

Peter Ker The new mining company that BHP Billiton plans to spin-out could get off to a flying start if production data published on Wednesday is any guide.


Baosteel poaches Kerry Stokes' iron ore lieutenant Alwyn Vorster

Peter Ker The chances of a corporate partnership between the newly enlarged BC Iron and Baosteel have improved, after the Chinese steel giant poached Kerry Stokes' top iron ore man this week.

BHP Billiton puts pressure on smaller rivals with strong production numbers

BHP's pilbara iron ore division is ahead of schedule on its promise to produce 245 million tonnes in the 2015 financial year.

Peter Ker BHP Billiton continues to squeeze weaker rivals in the bulk commodities space, with production numbers for the September quarter showing the iron ore and coking coal divisions performed as good, if...


Newcrest Mining faces struggle to meet debt challenge, says Deutsche Bank

Peter Ker Debt and spending requirements put Newcrest in a tough position, analysts say


Newcrest Mining's Cadia mine keeps lid on operating costs

Cadia operated at an

Peter Ker A sliding Australian dollar is helping Newcrest's flagship asset to become even cheaper to operate.


Newcrest managing director Sandeep Biswas' pay dubbed 'excessive' as shareholders urged to reject report

Questions have been raised over Newcrest managing director Sandeep Biswa's remuneration package.

Peter Ker The remuneration package paid to Newcrest Mining managing director Sandeep Biswas has been labelled "excessive" by an influential proxy adviser, raising the pressure on the goldminer before its...


Volatility is spice of life in commodities market

Optimists in the iron ore sector are also hoping that depressed prices will force some of the marginal supply out of the market.

Peter Ker Opportunities abound in the commodity sector's winter of discontent.

Maurice Newman rated 'less helpful than harmful' as Newcrest whacked over governance and pay

The mining company's remuneration report has come under scrutiny.

Peter Ker Proxy advisers say Newcrest chief executive is earning more than peer companies and recommend rejection of two directors.

Miners Rio Tinto and BHP Billiton may follow Fortescue in switch to gas power

Experts believe more mining operations could eventually switch to gas, but say it will only happen when it makes economic sense.

Peter Ker Trucks and trains could be converted from diesel to gas as Rio and BHP look to cut costs.

Marubeni gives Glencore, Rio tie-up the thumbs down

Peter Ker and Scott Parker A tie-up between Rio Tinto and Glencore would not be supported by Marubeni, which is a partner with both companies in Australian coal mines.


Cameroon joint venture expands Woodside international exploration

Woodside has made recent exploration ventures into Ireland, New Zealand and Africa.

Angela Macdonald-Smith and Peter Ker Woodside Petroleum has further broadened its range of new international exploration plays, sealing a deal to buy into an exploration permit off the coast of Cameroon alongside existing partners,...


Marubeni expects iron ore prices to climb in 2015

The price for Australia's most valuable commodity has fallen more than 35 per cent this year.

Peter Ker Gina Rinehart's Japanese iron ore partner, Marubeni, believes iron ore markets have bottomed out and prices for Australia’s most lucrative export commodity will trend higher next year.


BHP Billiton and Santos split on oil-linked LNG pricing

Australian gas exports to Japan have traditionally been referenced to the benchmark oil price because the early use of gas in Japan was as a substitute for oil.

Peter Ker BHP urges the energy sector to quickly adopt a pure market approach to LNG prices, but Santos is not so sure


Iron ore slide won't stop BHP, Rio boosting payouts: CFS

The Colonial First State team estimates that capital spending in the resources space has fallen from about $US1 trillion in 2012 to less than $US700 billion this year, and the declining spend meant that supply shortages of some commodities could arise two or three years from now.

Peter Ker Australia's biggest asset manager believes that BHP Billiton and Rio Tinto can still materially grow cash returns to shareholders over the next four to ten months, despite iron ore prices sliding to...

Rio Tinto cannot be taken over until after February's full-year results presentation

Perfect match:  Glencore is missing iron ore from its portfolio while iron ore is Rio's core product.

Peter Ker Rio Tinto is expected to spend the next six months firming up new growth projects and building a cash pile for dividends as it seeks to insulate itself against another approach from Glencore in early...


BC Iron ready to sweep up Kerry Stokes' Iron Ore Holdings

As good as done and dusted: BC Iron can now compulsorily buy the rest of Kerry Stokes' Iron Ore Holdings, wrapping up the deal.

Peter Ker BC Iron now owns more than 90 per cent of Iron Ore Holdings, and can compulsorily acquire the remaining shares


Newcrest Mining chief Sandeep Biswas focused on costs but won't 'burn the furniture'

Newcrest has not yet outlined a clear strategy for the revival of its struggling Lihir goldmine.

Peter Ker Newcrest Mining chief executive Sandeep Biswas insists his optimisation campaign is not just about slashing costs