Peter Ker

Peter Ker

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.


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.


Yancoal to get debt injection before covenants bite


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


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.


Weakening pillars struggle to support BHP demerger strategy

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back of truck / red dirt

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


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