Peter Ker

Peter Ker

Mining

BC Iron ready to sweep up Kerry Stokes' Iron Ore Holdings

Peter Ker BC Iron now owns more than 90 per cent of Iron Ore Holdings, and can compulsorily acquire the remaining shares

Mining

Newcrest Mining chief Sandeep Biswas focused on costs but won't 'burn the furniture'

Newcrest has not yet outlined a clear strategy for the revival of its struggling Lihir goldmine.

Peter Ker Newcrest Mining chief executive Sandeep Biswas insists his optimisation campaign is not just about slashing costs

BHP Billiton ramps up iron ore battle with Rio Tinto

Peter Ker BHP Billiton will today outline plans to overtake Rio Tinto as Australia's lowest cost producer of iron ore.

Queensland coal mine delayed yet again

Foreign investors continue to covet new projects in the Galilee Basin.

Peter Ker The lowest profile player in the Galilee Basin has pushed back its schedules again.

Bearish mood lashes iron ore companies

Share prices of the pure-play iron ore miners have continued to collapse.

Max Mason and Peter Ker A long-awaited fall in the Australian dollar has failed to deliver respite for the local iron ore industry, with investors continuing to punish the nation's most valuable export sector.

ASX suspends Clive Palmer's Australasian Resources over missing accounts

Clive Palmer during a press conference at Parliament House on Tuesday.

Peter Ker Clive Palmer says he has no idea why a company holding $7 million of his wealth has failed to publish its full-year financial accounts in the allocated time.

Exec pay

Newcrest Mining chief executive Sandeep Biswas top paid mining boss

BHP chief Andrew Mackenzie will have a lower base wage than Newcrest's Sandeep Biswas.

Peter Ker The new boss of Newcrest Mining, Sandeep Biswas, will take home the biggest base salary of Australia's major miners.

Iron ore

Rio Tinto to open new mine, despite iron ore's five-year price slump

Rio Tinto.

Peter Ker and Tess Ingram Rio Tinto is set to push ahead with a new mine expansion that will grow its iron ore exports by 70 million tonnes per year, in a show of defiance against sliding iron ore prices and the current...

Mining

Disclosure scandal bites into Newcrest bonuses

Former chief executive Greg Robinson, who resigned on the back of the scandal, received 42.8 per cent of his short term benefits; equivalent to just over $1 million.

Peter Ker Two of Newcrest's most senior executives were denied more than half of their short term bonuses in the 2014 year, on the back of the company's market disclosure scandal.

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.