Peter Ker

Peter Ker

Gindalbie's $640m writedown of Karara project could spell end

Sino Iron's magnetite project has also been in trouble.

Peter Ker The $70 million company has taken a $640 million impairment.


BC Iron in $250m deal for Kerry Stokes' iron ore venture

The Iron Ore Holdings board has recommended the deal to its shareholders, which will require at least 90 per cent take up to proceed.

Peter Ker Kerry Stokes' iron ore venture is set to be acquired under an estimated $250 million takeover deal announced today by established iron ore miner BC Iron.

Rio Tinto fast-tracking Queensland bauxite mine South of Embley

Mining operations can be seen at the Rio Tinto alumina refinery and bauxite mine in Gove.

Peter Ker An Australian bauxite project could be one of the next major spending items announced by Rio Tinto, with chief executive Sam Walsh confirming he has fast-tracked studies into the South of Embley...


Rio Tinto trying to find a way to use franking credits in imminent round of shareholder returns

Rio chief Sam Walsh: Board will finalise shareholder returns at the full-year results in February.

Peter Ker The miner is struggling to find a way to reward shareholders across two tax systems

Door still open for mega-merger between Newmont Mining and Barrick Gold

Peter Ker Visiting Newmont boss will also meet WA Premier next week over gold royalty hike fears


Aluminium likely to be Rio Tinto highlight

Peter Ker Iron ore is always the focus of Rio Tinto’s financial results, but the long-suffering aluminium division could provide one of the more interesting tales.


Mining profit margins lower than people think, says Newmont boss

Peter Ker Newmont head says mining industry's failure to disclose the full costs of doing business is partly responsible for the wave of royalty increases imposed by governments.


Rio Tinto smashes analyst expectations with $US5.1b profit

Rio Tinto has reported underlying earnings well ahead of analyst expectations.

Peter Ker Rio Tinto looks set to deliver a "material increase" to shareholder returns within the next 12 months, after revealing a set of half year results that were far better than expected.


Boardroom coup likely to see Cliffs on the selling block

Exposed: Cliffs Natural Resources has confirmed that activist hedge fund Casablanca Capital is expected to control six seats on the company's 11-member board.

Peter Ker Shareholder votes are still being counted, but Cliffs says control has most likely shifted to hedge fund Casablanca.


BHP changes its tune on Olympic Dam project

Heap leaching has taken pole position on the list of possible answers to the riddle that is the development of Olympic Dam.

Peter Ker Five years ago, BHP Billiton had a clear view about the viability of using heap leaching to extract copper and other precious minerals from the ­extraordinary ores of Olympic Dam.


Local miners keen to run ruler over Cliffs assets


Peter Ker Two Australian miners have expressed interest in the iron ore business that American miner Cliffs Natural Resources is expected to put on the market in the near future.


Rio Tinto closes book on Riversdale disaster with $US50m sale

Peter Ker Rio Tinto has washed its hands of the disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million.

Rio Tinto sells Mozambique coal assets for $US50 million


Peter Ker Rio Tinto has washed its hands of the disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million.


Goldminer Regis Resources warns of $280 million impairment

Mixed fortunes for goldminers

Peter Ker Australia's third-biggest goldminer by market capitalisation, Regis Resources, has warned it may face an impairment of up to $280 million, as its difficult year continues.


American miner set to divest Australian iron ore

Cliffs' infrastructure may appeal to a new buyer.

Peter Ker A boardroom coup could see Australian assets put in the shop window.

Takeovers Panel to probe Gutnick partnerships over Blackham gold mining company

Joe Gutnick.

Peter Ker Directors of Blackham Resources want Joe Gutnick stripped of shares in the explorer.


Miners shift iron ore price in push back against China

Whitehaven's coal production has hit record levels.

Peter Ker Australian iron ore miners have sought to variate crucial reference points that help to set contract prices for the bulk commodity, in a bid to temper China's push for lower prices.


BHP in fresh bid to unlock Olympic Dam

The Olympic Dam contains copper, gold, silver, uranium and potentially other valuable commodities.

Peter Ker BHP Billiton is set to undertake a heap leaching trial at Olympic Dam in the hope it may unlock the enormous and complex ore body in the South Australian outback.


Iron ore price dip to hit miners' earnings

iron ore

Peter Ker Australia's iron ore miners will report higher profits next month thanks to brutal cost cutting.


Newcrest warns of more write-downs

Peter Ker The man in charge of Australia’s biggest gold miner has declared ''cash is king'', and indicated he will not consider asset sales, equity raisings or expensive new developments until his...