Peter Ker

Peter Ker

POSCO likely to sell 15pc stake in Sandfire Resources

Peter Ker Korean steel giant POSCO has again flagged the possibility of cashing-in its 15 per cent stake in copper miner Sandfire Resources.

Iron ore exports shrink as demand blamed for price collapse


Peter Ker Iron ore prices fell 28 per cent during the March quarter, despite exports from Australia declining

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Rio Tinto reveals surprise fall in iron ore exports

Rio blamed the fall in exports on wet weather from cyclone Olwyn during the period, and a train derailment that blocked movements of ore into the port.

Peter Ker Rio Tinto has revealed a surprise 12 per cent fall in iron ore exports, according to a set of March quarter results that were weaker than analysts had hoped.

OZ Minerals, Evolution Mining seize on downturn in commodity prices to chase acquisitions

Could OZ Minerals use cash from Sandfire block trade for an acquisition?

Peter Ker and Tess Ingram OZ Minerals has joined a growing flock trying to acquire assets during the downturn in commodity prices, and may expand its horizons into base metals under a new strategy outlined on Monday

OZ Minerals looks to new horizons in base metals

OZ Minerals has adopted a new dividend policy and unveiled a new corporate strategy.

Peter Ker OZ Minerals plans to expand its focus beyond copper and gold and look to acquire new assets.

Hannover Messe: 'co-bots' friendly face of Industrie 4.0 in the workplace

German Chancellor Angela Merkel visits Siemens electronics factory in Amberg, Germany, earlier this year.

Peter Ker In the manufacturing mecca of Germany, companies are spending an estimated €40 billion ($55 billion) a year on upgrades to ready themselves for the fourth industrial revolution.

Shell changes the music, but will other oil majors join the party?

Big deals, like Shell's $91 billion acquisition of BG Group, are risky and expensive – two words that dividend hungry investors don't want to hear in the yield-obsessed time.

Peter Ker Shell's $91 billion takeover bid for BG comes after a period of asset sales and cost cutting in the big oil sector.

China's iron tax cut doesn't violate FTA, says Andrew Robb

Iron ore

Peter Ker and James Thomson With Credit Suisse predicting iron ore to stay at $US45, China has cut taxes to protect its domestic producers, and Andrew Robb says Australian miners must step up their game.

AGL eyes Gladstone gas sales after Bass Strait deal

AGL's Loy Yang A power plant, the country's largest single emission plant.

Peter Ker Australia's oil and gas landscape is rapidly being redrawn, with AGL seizing on a gap in the market that will probably be created by Shell's $91 billion acquisition of BG.

Chinese iron ore subsidies raise doubts about free trade agreement

The WA government gambled on the iron ore price remaining high and lost.

Peter Ker Chinese iron ore subsidies have raised doubts over Australia's free trade agreement with China.

AGL eyes Queensland gas market after big buy from BHP, ExxonMobil

AGL will have extra gas to sell into the Queensland market after it agreed to buy 198 petajoules from Bass Strait joint venture partners BHP Billiton and Exxon Mobil.

Peter Ker AGL will be able to sell gas into the Gladstone LNG plants after buying large quantities of supply from Bass Strait

China's iron ore tax cut puts heat on Australian miners

BHP and Rio Tinto are believed to be the only Australian miners making a profit at the current iron ore price.

Peter Ker China has sent a blunt warning to governments in Australia that it will strive to keep its domestic iron ore miners afloat by announcing a new round of tax cuts for the embattled industry.

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Australia's biggest companies hand out colouring books to staff to foster mental health

ANZ employee Kerrie Harris with her adult colouring book.

Peter Ker Companies such as Wesfarmers, ANZ Bank and Bupa are providing adult colouring books to staff to help them cope with the demands of the modern workplace.

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Royal Dutch Shell to take over BG Group in megadeal

The new deal is expected to deliver $US2.5 billion worth of synergies and a significant proportion of those will be in Australia.

Peter Ker Oil and gas major Royal Dutch Shell and BG Group will push ahead with one of the biggest energy deals in history.

Iron ore miners told Chinese steel growth forecasts too bullish


Peter Ker The man who ran BHP's iron ore division during the peak of the mining boom says Chinese steel production will likely fall short of expectations

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Bradken rejects PEP's second takeover bid

Peter Ker The debt-heavy mining services company has received another takeover bid from private equity firms

Indian jewellery billionaire Rajesh Mehta to buy Australian gold assets

The price of gold could reach $US2400 an ounce by 2030 on the back of growth in emerging Asian economies such as China and India, a new report from ANZ Banking Group says.

Peter Ker India's biggest jewellery maker, billionaire Rajesh Mehta, wants to buy stakes in Australian gold mines and open retail stores in the country.

PanAust shareholders demand higher price from GRAM

The last time PanAust did not pay a dividend was after the December half of 2011.

Peter Ker The previous chairman and previous managing director of PanAust have criticised the strategy deployed by the new management.

Former PanAust bosses slam current leadership amid fresh takeover bid

Gary Stafford is disappointed that several recent changes in strategy had diminished the value of the company.

Peter Ker PanAust shareholders have lost confidence in the current board and management, and are likely to accept a takeover offer.

PanAust expected to seek higher price as GRAM circles again

PanAust shares have fallen as low as $1.10 in recent weeks, prompting a second bid by GRAM.

Peter Ker PanAust shares have traded higher than GRAM's revised takeover offer on Monday