Peter Ker

Peter Ker

Resources

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.

Commodities

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.

Resources

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

Resources

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

Manufacturing

Alcoa sees rising demand underpinning revival

Alcoa

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.

Resources

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.

Resources

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...

MINING

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.

Mining

Alcoa investors hope strong run will continue

Alcoa will invest $36 million over about two years in the pipeline project.

Peter Ker Aluminium producer Alcoa will look to continue its winning streak when it kicks off reporting season in the United States on Monday.

Mining

Yancoal to get debt injection before covenants bite

Coal

Peter Ker Yancoal's major shareholder will lend more money to the struggling coal miner despite the Takeovers Panel rendering the offer less attractive.

Mining

Miners do it tough in developing world

A bad year for the entire industry had been exacerbated for those working in the developing world.

Peter Ker Mining in the developing world is never an easy task, but rarely has it been more challenging than during 2014.

Mining

Weakening pillars struggle to support BHP demerger strategy

IRON ORE 001207 PIC MICHELE MOSSOP
 GENERIC IRON ORE RESOURCES MINING EXPORT TRADE EMPLOYMENT TRUCK SHIPPING TRANSPORT
 HAMMERSLEY IRON BHP
 *****************1ST USE AFR********************
back of truck / red dirt

Peter Ker Sliding prices for BHP's prime commodities are challenging the case for the "South32" demerger.

Resources

Timing 'bad' For BHP demerger

Peter Ker Analysts have warned that BHP may struggle to cover its dividend and spending commitments if it goes ahead with a plan to spin out profitable assets

Mining

Takeovers Panel rebuffs Yancoal rights issue

Yancoal, which has seven mines in Australia, is trying to raise $US2.3 billion to repay a mounting debt owed to its major shareholder.

Peter Ker Troubled miner Yancoal will not be able to push ahead with a controversial $2.3 billion rights offer as planned, after the Takeovers Panel ruled in favour of concerned minority shareholders.

Gold

Newcrest unveils super-low-cost gold project at Wafi-Golpu

Newcrest chief executive Sandeep Biswas.

Peter Ker The gold miner says it has found a cheaper way to build the highly prospective Wafi-Golpu mine in Papua New Guinea

Glencore's Tony Hayward will speak in Melbourne this week as expectations of a second merger bid grow

Rio coal truck in the Hunter Valley.

Peter Ker Tony Hayward will address a gathering of company directors in Melbourne on Tuesday.

BHP to lose iron grip on Port Hedland tugs

Tug-o-war: A Teekay boat at Port Hedland.

Peter Ker Despite introducing a second tugboat provider, BHP Billiton's exclusive hold on tugboat licences in Port Hedland is set to be broken In 2015.

Rare good oil for Australian iron ore miners on shipping costs

Relief: Iron ore miners such as Rio Tinto could save $540 million a year in shipping costs at current oil prices.

Peter Ker The cost of bunker fuel for the cape-sized vessels that typically carry iron ore has fallen 39 per cent since January.