Peter Ker

Peter Ker

Iron

Chinese growth data boosts Australian iron ore industry

Bloomberg Photo Service 'Best of the Week':  Li Keqiang, China's premier, gestures as he speaks during the opening plenary at the World Economic Forum Annual Meeting of The New Champions in Dalian, China, on Wednesday, Sept. 11, 2013. Li said the foundations of a growth rebound aren't solid while cautioning that stimulus won't help resolve deep-rooted issues in the world's second-largest economy. Photographer: Tomohiro Ohsumi/Bloombergg *** Local Caption *** Li Keqiang

Peter Ker Australia's iron ore industry has been boosted by resilient Chinese growth data.

Mining

Hopes high for zinc but Glencore profits down

Mining sector lets down Glencore Xstrata's hopes.

Peter Ker Swiss commodities company Glencore Xstrata suffered declining profits in each of its Australian mining sectors, according to the company's full-year results.

Resources

BHP boss Andrew Mackenzie warns against ban on fossil fuel investment

Andrew Mackenzie

Peter Ker A ban on fossil fuel investment would ''seriously'' slow global economic growth, and many of the people advocating such measures were speaking from northern hemisphere points of view, according to...

Resources

Norwegian wealth fund may ditch Australian resource firms

FMG 070830 AFR pic by Erin Jonasson . FMG,  Fortescue mining Group, workers on site,  the construction of the Rail line across the Pilbara, FMG plan to start shipping iron ore from May 2008.  AFR first use Please. generic hold for files. SPECIALX 00070230

Peter Ker Some of Australia's biggest resource companies could lose a major investor if Norway goes through with a plan to ban its famous sovereign wealth fund from investing in coal, oil and gas.

Mining

Brighter prospects for uranium miner Paladin Energy

langer heinrich mine paladin uranium

Peter Ker After three years of bad news, investors in loss-making uranium miner Paladin Energy have witnessed several developments in the past six weeks to give them hope their company can survive.

Mining

Rutila and Flinders Mines to build iron ore port and rail line in Pilbara

curtis

Peter Ker Ambitious plan for the Pilbara being hatched by former Lynas boss Nick Curtis.

Mining

Roy Hill project clears Forge collapse hurdle

Peter Ker Gina Rinehart's Roy Hill project has found a solution to the hole that was left by the collapse of mining services firm Forge Group, with Samsung C&T set to takeover Forge's partnership with Spanish...

Atlas on track to boost iron ore output at Mount Webber mine

Peter Ker Atlas Iron will increase its iron ore production by close to 30 per cent over the next two years, but is fast running out of low-cost expansion options.

Resources

Rio Tinto chief Sam Walsh 'happy' to extend his term

Sam Walsh

Peter Ker Rio Tinto chief executive Sam Walsh has indicated he may stay in the job beyond his three-year term at the dual-listed miner.

Resources

BHP takes full control of its iron ore mines

BHP logo.

Peter Ker The trend for mining companies to manage their own mines instead of hiring external contractors has continued, with BHP Billiton confirming the last contractor working on its Pilbara iron ore mines...

Mining

Contractors on the outer as BHP brings mines in-house

Peter Ker The trend for mining companies push out contractors in favour of managing their own mines has continued.

Mining

Rio Tinto's Sam Walsh says he's happy to stay longer

Rio Tinto CEO Sam Walsh.

Peter Ker Rio Tinto chief executive Sam Walsh has indicated he may be happy to serve beyond his three-year term at the company

Manufacturing

BHP Billiton CEO Andrew Mackenzie: Economy is sound

BHP Billiton CEO, Andrew Mackenzie speaks at Sofitel in Melbourne.

Peter Ker BHP Billiton boss Andrew Mackenzie says he is optimistic about Australia's economic prospects.

Oil

Vitol keen to chase business in Australia after Shell purchases

Petrol prices at the Shell petrol station in Hawker.

Peter Ker Purchase of Shell's Australian petrol stations and refineries is just the first step in plan.

Mining

Mining behemoths BHP Billiton and Rio Tinto urged to turn to share buybacks

evy hambro.

Peter Ker BHP Billiton and Rio Tinto should return money to shareholders via share buybacks.

Fuel

Vitol says Shell buy a stepping stone to resources revenue

Petrol.

Peter Ker Vitol says it has bought Shell's Australian petrol stations and refineries as a first step in a bigger plan to get a slice of Australia's mining and resources economy.

Equities

BHP Billiton top shareholder BlackRock says buybacks better than dividends

Evy Hambro.

Peter Ker BHP Billiton and Rio Tinto should return money to shareholders via share buybacks rather than a one-off special dividend, according to the man who manages the world's biggest mining funds

Mining

Big profits may see Fortescue boost dividends within a year

Fortescue Metals Group.

Peter Ker Fortescue Metals Group could be ready to double its dividend payout ratio within a year, meaning it could join BHP Billiton and Rio Tinto in significantly lifting shareholder returns in the 2015...

Mining

Andrew 'Twiggy' Forrest pockets $103m as Fortescue joins dividend rush

Andrew Forrest, chief executive officer of Fortescue Metals Group Ltd., stands for a photograph after a news conference during the Diggers and Dealers mining forum in Kalgoorlie, Australia, on Tuesday, Aug. 3, 2010. The forum takes place from Aug. 2 - 4. Photographer: Ron D'Raine/Bloomberg *** Local Caption *** Andrew Forrest

Peter Ker Fortescue Metals Group has joined in the dividend bonanza, announcing a higher than expected payout that will see close to $103 million flow to its biggest shareholder, billionaire rich-lister Andrew...

Resources

BHP cashes in on iron ore but warns that price may soon slide

BHP.

Peter Ker BHP Billiton once again predicts iron ore prices will soon begin to slide, despite it continuing to be the company's biggest revenue spinner.