Peter Ker

Peter Ker

Mining

Padbury $6b investor remains a mystery

Peter Ker The mining junior that claimed to have sourced $6 billion worth of funding from a mystery backer has broken its promise to reveal full details of the money this morning.

Mining

Rio Tinto's iron ore production hit by weather

An undated handout photo released by BHP Billiton on February 9, 2012 shows iron ore being trucked out of the open cut mine at Mount Newman in Western Australia. BHP Billiton announced a 5.5 percent fall in first-half profits to USD 9.94 billion on February 8 while rival mining giant Rio Tinto will announce their full-year results on February 9.  --- EDITORS NOTE --- RESTRICTED TO EDITORIAL USE MANDATORY CREDIT  NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS   AFP PHOTO / HO / BHP Billiton

Peter Ker Rio Tinto's iron ore production has fallen short of some expectations, with the miner producing 66.4 million tonnes of iron ore from its global operations.

Yancoal is struggling under its take-or-pay contracts

Peter Ker Yancoal concedes it took on far more rail capacity in the boom times than it needs today.

Mining

Las Bambas sale expected to be the trigger for more deals

NICKEL BRIQUETTES PRODUCED AT KWINANA NICKEL REFINERY, WA.  (GENERIC, AFR FIRST USE)
(NO CAPTION INFORMATIOIN PROVIDED)

Peter Ker Glencore Xstrata's $US5.85 billion Las Bambas project expected to trigger several deals.

Mining

Yancoal suffering under 'take or pay' contracts

Mining

Peter Ker Another Australian coal miner has revealed it is suffering under its ''take or pay'' rail and port contracts, with Yancoal the latest to concede that it took on far more rail capacity in the boom...

Mining

Melbourne-based miner MMG buys Glencore mine for $6.2b

glencore

Peter Ker A Melbourne based miner is the focus of the global mining industry this morning, after Chinese-owned miner MMG finally completed the $US5.85 billion ($6.

Mining

Mystery backer in Oakajee revival

Peter Ker, Amanda Saunders A tiny mining company has $6 billion worth of questions to answer after a bizarre trading day.

Halt

ASX asks Padbury to explain $6b Oakajee mystery deal

A media tour stops at the mouth of the Oakajee River, the northern border of Oakajee Port & Rail Pty's proposed iron ore port and rail project, in Geraldton, Western Australia, on Friday, June 19, 2009.

Peter Ker Regulators at the ASX have forced Padbury Mining to explain its mysterious $6 billion deal to revive the Oakajee Port and Rail Project.

WA

'Invisible investor' backs Padbury's $6b Oakajee revival

Peter Ker Investors have shown interest in a highly unusual $6 billion equity deal this morning that is being spruiked by junior miner Padbury Mining.

Commodities

Nickel price surge more than flash in the pan

Peter Ker Nickel's transition from laggard to market darling is continuing apace, with a perfect storm of factors driving positive sentiment for the metal.

Resources

Nickel the new market star

Peter Ker Nickel's transition from laggard to market darling is continuing apace, with a perfect storm of factors driving positive sentiment for the metal.

Commodities

Northern Star chief says now's time to build a mine as costs fall

Gold bars.

Peter Ker Australia's most rapidly expanding goldminer has declared now is the time to build a new mine.

Mining

Clive Palmer, Kerry Stokes in Pilbara disputes over mine and port access

Peter Ker It seems Rupert Murdoch isn't the only magnate that Clive Palmer is jousting with.

Mining spat

Clive Palmer and Kerry Stokes in Pilbara stoush

Clive Palmer

Peter Ker It seems Rupert Murdoch isn't the only media magnate that Clive Palmer is jousting with at the moment.

Resources

Port Hedland strike risk: Tugboats pull their weight

AFR

Peter Ker Two more unions seek ballot of workers at one of Australia's most important ports.

Resources

BHP and Rio have hits and misses on global divestment trail

Peter Ker Analysts caution money made from divestments do not point to better performances.

Energy

BHP demerger gathers speed

Peter Ker Momentum surrounding a BHP Billiton demerger or asset sale continues to build, with investors continuing to buy the stock for the third successive day and the company continuing to sell unwanted...

Mining

Big Brazilian miner Vale confident about China and iron ore, but not the US

Peter Ker Brazilian mining heavyweight Vale has dismissed concerns about the health of the Chinese economy, saying that debt levels in the US were of greater concern.

Iron ore

US debt bigger worry than China, says mining giant Vale

Murilo Ferreira, chief executive officer of Vale SA, speaks during a news conference in New York, U.S., on Monday, Nov. 28, 2011. Vale SA, the world's largest iron-ore producer, plans to invest $21.4 billion on mining projects in 2012 after failing to meet spending targets this year. Photographer: Jin Lee/Bloomberg *** Local Caption *** Murilo Ferreira

Peter Ker Brazilian mining giant Vale has dismissed concerns about the health of the Chinese economy, saying that debt levels in the United States are of greater concern.

Divestment

BHP sells off assets to junior miner

Peter Ker BHP Billiton's divestment campaign will see more assets transacted today, with a cluster of nickel and copper acreage in outback Western Australia set to be sold to a junior miner today.