Peter Ker

Peter Ker

Brazilian giant Vale joins Fraser Range nickel rush

Trucks looking for nickel

Peter Ker The major miner has pegged some acreage north-east of market darling Sirius Resources.

Mining

Lenders expect Rio Tinto to miss Mongolia deadline

Wearing hard hats in the iron ore glut: Rio's debt investors benefit from the miner's push to reduce production costs to the lowest among its rivals.

Peter Ker Lenders toward the second stage of the Oyu Tolgoi mine in Mongolia do not expect Rio Tinto to meet this week's funding deadline.

BHP has agreed with Exxon Mobil that a FLNG is the best development option for the Scarborough LNG asset

LNG ship.

Peter Ker BHP fall into line with Exxon Mobil accepting a floating LNG platform is the best way to develop Australia's Scarborough gas project.

Fortescue loses court bid

Fortescue Chairman Andrew Forrest has had a court win

Peter Ker Fortescue has lost the battle, but not the war, over railway access in the Pilbara.

BHP's US corruption probe nears settlement

Listing backflip on the cards: BHP CEO Andrew Mackenzie

Peter Ker The miner is in discussions over a resolution with US regulators

Mining

Bonus for BHP chief Andrew Mackenzie after beating targets

Arguing his case: BHP boss Andrew Mackenzie plans to win over UK investors over the company's plan not to list NewCo in London.

Peter Ker BHP Billiton chief executive Andrew Mackenzie will receive a $US1.56 million bonus ($1.8 million) this month, as part of a remuneration package that reached almost $US8 million for the recently...

Caterpillar says autonomous trucks are not just about cutting jobs

Autonomous haulage trucks at the West Angelas mine in the Pilbara.

Peter Ker Autonomous trucks are removing people from dangerous jobs, says manufacturer Caterpillar

Mining

Gina Rinehart's Roy Hill project is focusing on the quality of its iron ore

Roy Hill is banking on high-quality iron ore.

Peter Ker The man who helped seal a $US7.2 billion debt package for Gina Rinehart's Roy Hill project has conceded that such a deal would be harder to close in the present environment, given the recent collapse...

Iron ore falls below $US80 per tonne

Fortescue CEO Nev Power is confident the company can pay down debt.

Max Mason and Peter Ker For the first time in more than five years, the price of iron ore has tumbled under $US80 per tonne as the Chinese government pours cold water on speculation that it will introduced aggressive...

Mining

Robert Friedland talks in Melbourne about Mongolia's Oyu Tolgoi mine, supply chain scrutiny and the future demands for metals

Peter Ker Famous entrepreneur Robert Friedland had some strong words for the audience at Melbourne's IMARC conference on Tuesday.

Mining

'Everyone is nervous about the iron ore price', admits Vale

Juggernaut: The mining company is driving costs down.

Peter Ker Brazilian mining giant Vale has admitted it is nervous about the plunge in iron ore prices below $US80 a tonne as the Chinese government dampens hopes of aggressive policy stimulus to fuel growth.

Mining

Costs rising for Rio Tinto's Mongolian copper venture

Wearing hard hats in the iron ore glut: Rio's debt investors benefit from the miner's push to reduce production costs to the lowest among its rivals.

Peter Ker Rio Tinto has revealed an increase to the overall cost of fully developing its Mongolian copper venture and warned that it was yet to accept a recent tax ruling from the Mongolian government.

Markets

Iron ore slumps below $US80 to new five-year low

In 2015, BREE forecasts iron ore prices to average US$97.

Max Mason and Peter Ker Iron ore has slumped below $US80 per tonne for the first time in more than five years, as the Chinese government dampens hopes of aggressively policy stimulus to fuel growth.

Chinese steel man says production won't reach billion tonnes predicted by big miners

Chinese steel industry heavyweight Li Xinchuang expects iron ore to hover at US$80 a tonne.

Peter Ker Iron ore prices will remain around current levels, according to China Iron and Steel Association

Santos calls manufacturers to invest in onshore gas

Santos says more gas would be available now if manufacturers had invested more in the sector over the past decade.

Peter Ker Santos says manufacturers can help avoid the looming gas crisis by investing in more supply

Resources

China coal ban to put more pressure on struggling mines

Coal mining at Musswellbrook in the Hunter Valley, an area that will likely be hit hard by new Chinese regulations.

Peter Ker and Brian Robins with Philip Wen, Beijing At a time when large parts of the industry are not making any money, coal producers may be faced with heavy additional costs to meet China's tougher environmental controls on coal imports.

Dow Chemical boss warns hard times may prompt reform

Dow boss: Tony Frencham.

Peter Ker Australians may need to endure a recession before they realise the urgent need for economic and policy reform, according to the local boss of industry giant Dow Chemical.

Risky business: China dumps our dirty coal

coal

Brian Robins, Peter Ker Australian coal exporters are scrambling to clarify the fallout from changes to China's coal import rules, which could expose the industry to billions of dollars in lost sales as China seeks to cut...

Resources

Fortescue chief Nev Power gets hefty pay rise despite share slump

Raking it in: Nev Power earned $3.8 million during the 2014 financial year.

Peter Ker Fortescue Metals Group chief executive Nev Power has been granted an 11.1 per cent pay rise, as the iron ore miner moves to reward the man who has overseen its near tripling in export volumes.

Mining

Rio Tinto and Mongolia settle Oyu Tolgoi mine tax dispute

Rio Tinto's Oyu Tolgoi project.

Peter Ker Construction of the second stage of the Oyu Tolgoi mine is expected to start within six months.