Peter Ker

Peter Ker

Deals in the wind for Australian gold sector as big firms put mines on market

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Peter Ker The gold sector is primed for another round of mergers and acquisitions after big miners put three local mines up for sale.

PanAust halts dividends after writedowns and loss

Peter Ker Copper miner PanAust has cut its dividend for the first time in three years after reporting a weaker than expected $US178.1 million full year loss.

Queensland LNG ventures deny gas shortfall

Credit Suisse has suggested that weak LNG sales prices and smaller additions to reserves by the LNG projects are combining to create a deficit of nearly 9000 petajoules of gas over the next 20 years.

Angela Macdonald-Smith and Peter Ker Queensland's liquefied natural gas producers have dismissed an analysis they will run short of gas for their $75 billion of projects in Gladstone.

Exxon prowling for Australian acquisitions

Exxon has $US5 billion of cash on hand and its vice president says it is interested in acquisitions.

Peter Ker The oil major says it is well placed to seize on the damage caused by the oil price slump

Evolution keen to swoop on big miner divestments

Evolution Mining managing director Jake Klein said the gold miner was still on the lookout for acquisition opportunities

Peter Ker Evolution Mining says Newcrest's Telfer Mine would be better owned by a bigger company.

Mining

Fortescue profit slides 81 per cent, pays dividend

Fortescue Metals chairman Andrew Forrest collected a $30 million payout as dividends fell to 3¢ a share from 10¢ a share.

Peter Ker Fortescue has made a $331 million profit in the December half despite the iron ore price slide.

Energy Resources of Australia indicates possible extension to uranium mining near Kakadu

The Ranger uranium mine, surrounded by Kakadu National Park.

Peter Ker Energy Resources of Australia is contemplating mining near Kakadu beyond the legal limit in 2021.

Mining

No improvement in sight for coal and iron ore miners, Anglo American chief executive Mark Cutifani warns

Peter Ker Anglo American has reported an impairment on the Drayton coal extension, after posting its third consecutive statutory loss.

Gold miner Perseus rides the FX rollercoaster

Peter Ker Currency markets are proving a double-edged sword for ASX-listed gold miner Perseus.

Arrium the latest Australian miner to be stung by take-or-pay rail contracts

iron

Peter Ker The iron ore miner has two more years of rail haulage contracts for the Australian mines it is preparing to close.

Copper surplus in doubt amid Olympic Dam outage

The company's underlying net profit after tax was $13.8 million, down from $38.1 million in the previous corresponding period.

Peter Ker The biggest mill at BHP's Olympic Dam mine will be out of service for six months.

Newcrest puts Telfer in shop window

The inquiry was launched after 12 FIFO workers took their lives in a 12-month period.

Peter Ker Analysts believe the sale of a stake in the mine is more likely than a sale of the entire asset.

Mining

Rio Tinto rewards shareholders despite profit drop

Rio Tinto.

Peter Ker Rio Tinto has posted its equal-lowest underlying profit in five years, but has kept its promise to "materially increase" shareholder returns.

Four things to expect from Rio Tinto's full year results

Rio Tinto boss Sam Walsh.

Peter Ker Rio Tinto is expected to provide a big boost to shareholder returns when it announces its full year results at 5pm today

Mike Fitzpatrick to stand down from the board of Rio Tinto

Rio Tinto director Mike Fitzpatrick will stand down from the board.

Peter Ker Prominent Australian businessman Mike Fitzpatrick is set to stand down from the board of Rio Tinto, continuing a period of rapid change at the highest ranks of the mining company.

Infrastructure

OZ minerals eyes rail connection to BHP Billiton's Olympic Dam mine in South Australia

Mining.

Peter Ker BHP Billiton could yet influence the viability of OZ Minerals' Carrapateena Project

Mining

OZ Minerals beats guidance but keeps its cash

Oz Minerals has reported a first-half profit of $48.5, much better than last year's $294.4 million loss.

Peter Ker OZ Minerals has bounced back from last year's loss to post a $48.5 million profit, but won't pay dividends amid a review of its strategy.

Standard & Poor's suggests Rio Tinto should limit its generosity

Sam Walsh’s promise to Rio shareholders could lead to depleted cash reserves.

Peter Ker Debt loads and weak commodity prices prompt S&P to caution Rio on dividend bonanza

Rio Tinto executive Alan Davies tells of life and leadership amid the Ebola outbreak

Alan Davies Rio Tinto with pink Argyle diamond Photo Bohdan Warchomj

Peter Ker Mining in the Ebola zone has meant survival is more important than project deadlines.

Mining

Exploration must evolve and excel: Rio Tinto

A string of analysts have taken the knife to iron ore price forecasts in the first few weeks of the year, tipping it will average in the $US60s for 2015.

Peter Ker Rio Tinto says the era of cost-cutting in the mining industry cannot continue forever.