Peter Ker

Peter Ker

BHP counts cost of "very tragic" mine disaster in Brazil

Peter Ker BHP Billiton is counting the cost of one of the worst mine disasters in its history, after a failure at the Samarco iron ore operation in Brazil was linked to major flooding and damage of a village...

Reports suggest up to 16 people have died after a BHP waste dam burst in Brazil

BHP Billiton chief executive Andrew Mackenzie.

Peter Ker A dam failure at the BHP Billiton and Vale's Samarco business in Brazil has reportedly killed nearby villagers.

Deadly mudslide at BHP Billiton, Vale mine in Brazil

Credit markets are grappling with falling commodity prices which has pushed up the spreads for Australia's big banks and miners.

Peter Ker A dam holding back waste water from an iron ore mine in Brazil that is owned by BHP Billiton and Vale has burst, killing at least 17 people.

Short sellers are increasingly targeting BHP shares, with bets rising five-fold

Short positions in BHP Billiton have grown on the back of weak commodity prices and concerns about the company's ability to maintain its progressive dividend.

Peter Ker Short sellers have woken up to the tough year ahead of BHP Billiton, with bets against the company's share price rising five-fold in recent months.

Comments 9

Glencore has sold its share of silver from the Antamina mine it shares with BHP

Glencore boss Ivan Glasenberg

Peter Ker Glencore has struck a streaming deal for the Antamina mine it shares with BHP Billiton

Newcrest, Evolution bosses say US rate rise won't derail gold sector

Gold prices have fallen on the back of interest rate concerns

Peter Ker Two of Australia's top gold mining bosses believe the rising valuations seen in the sector during the first 10 months of 2015 can continue.

South32 demands cash from BlueScope in Supreme Court coal stoush

South32 and BlueScope are at odds over the payments related to coal deliveries

Peter Ker The corporate progeny of BHP Billiton are feuding over coal contracts in the New South Wales Supreme Court.

US miner Cliffs Natural Resources links iron exports to China's advance in South China Sea

Australian miners like BHP, Rio Tinto and Roy Hill are continuing to expand iron ore exports.

Peter Ker US miner Cliffs Natural Resources has accused Australian iron ore miners of supplying China 'to become an enemy'.

Comments 104

Newcrest says Cadia mill worse than first thought

Newcrest Mining has suffered a mill failure at its best asset.

Peter Ker A crucial piece of kit at Newcrest's most important mine will be down for "at least five weeks".

Gas price slump could force BHP to cut more rigs, make impairments

Gas prices in the US have slumped, putting pressure on BHP's already emasculated shale division.

Peter Ker BHP Billiton's controversial US shale division is under renewed pressure on the back of a slump in US gas prices.

Fortescue has lowered rail tariffs for iron ore joint venture partner BC Iron

BC Iron managing director Morgan Ball has clinched a cheaper deal on rail access.

Peter Ker Fortescue has offered BC Iron potentially cheaper access to its railway as lower iron ore prices bite.

Chairman of ASX company detained in China on money claims

Xiao Xiao has confirmed its chairwoman Yong Rong Tong is being detained in China, 10 months after it said it did not know where she was.

Peter Ker The chairwoman of ASX-listed childcare provider has been detained in China on claims she allegedly diverted funds.

Lithium prices tipped to rise 20 per cent by 2017 on demand for electric cars

The commodities linked to battery technology are offering miners some rare optimism.

Peter Ker Amid a tough market for commodities, prices for lithium have risen 20 per cent over the past year and are forecast to rise a further 20 per cent by 2017.

Comments 1


BHP says Indonesia wants Borneo coal to be mined, regardless of who mines it

Coal prices are low at the moment

Peter Ker BHP Billiton came out swinging when environmentalists targeted its annual meeting.

Comments 2

OZ Minerals still hunting for copper acquisition as KKR stalks

Andrew Cole says OZ Minerals is exceeding its targets but

Peter Ker OZ Minerals is enjoying its best performance in five years as its Prominent Hill mine produces more copper than thought.

South32 slashes costs as Australian assets shine

The first five months on the market for South32 chief executive Graham Kerr's new company have been  underwhelming, weighed down  by South Africa.

Peter Ker South32 boss Graham Kerr has indicated he is willing to close struggling assets to improve the young company's financial performance.

Spending cuts keep coming as BHP starts strongly

BHP Billiton has been reducing its cost base for the best part of three years.

Peter Ker BHP has cut spending again on its oil and gas business, but believes the cuts won't reduce production

Concerns mechanical failure at Newcrest's best mine could crimp output

Peter Ker Gold production at the Cadia mine near Orange in NSW could be hampered for months, analysts say

BHP Billiton quarterly iron ore output rises 7pc, maintains full-year guidance

'BHP Billiton remains on track to meet full-year production and cost guidance after a solid operational performance this quarter,' says BHP Billiton chief executive Andrew Mackenzie.

Peter Ker BHP Billiton boosted its September-quarter iron ore output by 7 per cent and has maintained its full-year guidance.

Comments 1

BHP may need to cut dividends if shareholders reject push to change constitution

Proxy advisors believe BHP's strong dividend could be threatened if shareholders refuse to support proposed changes to the company's constitution.

Peter Ker BHP shareholders have been told their dividends may be cut if a plan to increase funding to the UK side of the company is rejected