Peter Ker

Peter Ker

Western Mining's former boss Hugh Morgan to set up private fund to hunt mining bargains

Peter Ker Hugh Morgan is set to join the list of former mining bosses to establish private funds amid the market downturn for resources stocks.

Rio Tinto pushes ahead with driverless trains in Pilbara

Rio Tinto expects to have more than 40 autonomous trains in service in the second half of the year.

Peter Ker Rio Tinto's ambitious plan to have autonomous trains taking its iron ore to port has taken a step forward, with the first journey along its Pilbara railway.

Rio's Sam Walsh the $10 million man

Rio boss Sam Walsh says investors are not taking Glencore's ambitious advances on a merger with the iron ore giant seriously.

Peter Ker Rio Tinto has revealed remuneration data for its key staff.

Commodity trader Noble in cold war with Iceberg


Peter Ker It's no stranger to boardroom battles, but now commodity trader Noble Group is fighting an enemy it cannot see.

Fortescue to push back debt load as iron ore price slumps

Fortescue Metals chairman Andrew Forrest.

Peter Ker Fortescue plans to spread its debt obligations over a longer period under its third debt restructure in 30 months

Rio Tinto goes mining for data

Rio tinto

Peter Ker The miner is still investing in "big data" despite its austerity campaign

Port Hedland tugboat deal unravels as BHP pushes contractors to reduce costs

There are fears BHP will not renew its tugboat contract with Teekay.

Peter Ker Tugboat operator Teekay is scrambling to cut costs amid fears that BHP Billiton may not renew its contract to work at Port Hedland.

Andrew 'Twiggy' Forrest reveals Chinese-funded plan to drought-proof Australia

Andrew Forrest says Australia needn't run short of water for agriculture.

Gareth Hutchens and Peter Ker Mining magnate Andrew "Twiggy" Forrest says he would like to attract "passive" Chinese investment to develop 5000 gigalitres of water from existing aquifers in Australia to irrigate new tracts of...

Bleak coal outlook to force consolidation: Yancoal


Peter Ker Take-or-pay rail and port contracts have forced Yancoal into its second consecutive full-year loss.

Sirius to supply nickel concentrate to BHP's Nickel West business

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back of truck / red dirt

Peter Ker BHP has agreed to buy half the nickel produced at Sirius' Nova mine in Western Australia.

Andrew Forrest pursues new opportunities in minerals and energy commodities

Mr Forrest said the time was right to begin work on the next generation of mining projects in Australia.

Peter Ker Andrew ''Twiggy" Forrest has called the bottom of the cycle for minerals development, and vowed to create a new venture to collect abandoned and undeveloped mineral projects across Australia.

Australian coal industry edges towards the abyss as Rio Tinto, Glencore, Vale announce cuts


Peter Ker The downturn in the Australian coal industry has deepened, with three big mining companies warning on Friday that more jobs will be cut.

Australian coal industry takes another step closer to the abyss

Hard times: Hundreds of miners stand to lose their jobs as global resources companies cut their coal output and close local mines.

Peter Ker The downturn in the Australian coal industry has deepened, with three major mining companies warning on Friday that more jobs will be cut, mines will close and assets will be written down to a shadow...

Glencore slashes Australian coal production, jobs on the line

The production cuts will

Peter Ker Swiss miner Glencore is set to permanently cut production from its Australian coal mines in a move that could jeopardise close to 100 local jobs.

Rio Tinto energy chief Harry Kenyon-Slaney set to depart after restructure

Harry Kenyon-Slaney is set to leave the company after almost a quarter of a century.

Peter Ker Rio Tinto chief executive Sam Walsh has reduced the size of his executive ranks as part of a restructuring of the Anglo-Australian miner announced this morning.

Vale posts fourth-quarter loss of $US1.85b on iron-ore price plunge

Vale's net loss in the three months ended December 31 marks the third in the past five quarters.

Peter Ker Brazilian miner Vale has written down the value of its Australian coal mines for the second time in the space of a year, further demonstrating the depressed market conditions in the local coal sector.

Carbon tax repeal raised energy prices: Alumina


Peter Ker Alcoa's Australian joint venture partner says its energy costs rose after the carbon tax was repealed.

Currency and diesel savings forecast to boost BHP

BHP CEO Andrew Mackenzie.

Peter Ker BHP Billiton has revealed a 29 per cent decline in the cost of producing iron ore in Australia over the six months to December 31.

South32 running into form at the right time

BHP Billiton chief executive Andrew  Mackenzie said both companies will be able to generate more productivity than they would together.

Peter Ker Most of the assets bound for BHP's demerger are showing improved performance

BHP Billiton spruiks demerger as pressure builds for share buybacks

BHP Billiton

Peter Ker BHP Billiton has assured shareholders they will enjoy higher dividend yields as a result of the company's looming demerger, but has given little sign of launching into a round of share buybacks...