Peter Ker

Peter Ker

Rio Tinto to sell aluminium assets in $1b deal: report

Peter Ker Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it...

Abbott vows not to interfere with iron market as cabinet rumbles over inquiry

Prime Minister Tony Abbott's plans for a parliamentary inquiry have split the mining community as well as his own party.

James Massola, Peter Ker Prime Minister Tony Abbott says his inquiry into the iron ore sector will not interfere with free markets, amid speculation that members of his cabinet are opposed to the idea

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Andrew Forrest makes surprise investment in Atlas Iron

Andrew Forrest has called a parliamentary inquiry into the iron ore industry

Peter Ker and Tess Ingram The chairman and biggest shareholder in Fortescue Metals Group has vowed to invest in struggling rival Atlas Iron

Prime Minister Tony Abbott's iron ore inquiry slammed

The push for an inquiry has been vigorously resisted by the big miners and their lobby group, the Minerals Council of Australia.

Peter Ker Competition experts say it would be inappropriate for parliament to hold an inquiry into the iron ore price collapse

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Anglo American steels itself for more horsing around in the Hunter Valley

Saved from the coal mine expansion at South Drayton.

Peter Ker Anglo American is armed with veterinary advice as it aims to expand its Drayton coal mine near two horse stud farms in the Hunter Valley.

Independence moves on Gold Road

Gold Road had been asked by the ASX about unusually strong levels of trading in the stock on Wednesday.

Peter Ker Base Metals miner Independence has bought almost 4 per cent of Gold Road Resources.

I'll give you the tip; miners diversify into junk

Nagambie has found exciting gold grades on its tenements, but is also hoping to develop an urban landfill facility.

Peter Ker Several struggling mining companies are developing waste dumps in a bid to diversify their businesses.

Fortescue's Andrew Forrest plumps for Victorian miner A1 Consolidated Gold

In addition to his interest in Fortescue Metals Group, chief executive Andrew Forrest owns 17 per cent of nickel junior Poseidon and 27 per cent of uranium explorer Vimy Resources.

Peter Ker Andrew Forrest has made a surprise investment in a Victorian gold miner in what appears to be the first investment by his new mining company

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Federal budget 2015: Hockey bearish on iron ore forecasts

The $US48-a-tonne price predicted in the budget is much more conservative than the forecast revealed in recent months by the Office of the Chief Economist.

Peter Ker The Australian government's new iron ore price forecast is lower than that of most pundits, including its own taxpayer-funded commodities expert.

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Glencore's Ivan Glasenberg on the attack as BHP cuts shale spending

Ivan Glasenberg declared the mining industry was

Peter Ker Glencore boss Ivan Glasenberg has ramped up his attack on the expansion strategy of rival iron ore miners, while BHP has announced sharp cuts to spending on its US shale division.

Copper shortage coming sooner: Rio Tinto


Peter Ker Rio Tinto believes copper prices will rise sooner than was predicted just six months ago.

Rio Tinto chief Sam Walsh stands firm on iron ore expansions

Peter Ker Rio Tinto has vowed to continue expanding iron ore exports but will not follow BHP's example by conducting a demerger

BHP Billiton open to acquisitions after demerger


Peter Ker Chief executive Andrew Mackenzie has indicated mergers and acquisitions are back on the BHP agenda.

South32 hits the ground running but won't make dash to buy assets

South32 chief Graham Kerr said he did not want to make the mistake of prioritising acquisitions.

Peter Ker BHP's demerger has been approved by a large majority of shareholders.

Fortescue chairman Andrew Forrest says Baosteel joint venture 'not on the table'

Peter Ker Fortescue Metals Group chairman Andrew Forrest says a $US1.24 billion expansion of the miner's "Iron Bridge" joint venture with two Asian steel giants is "not on the table", despite it originally...

Volatility helps Fortescue claim Telstra's trading crown while CBA steals march from BHP

ASX: The first four months of 2015 has seen a change in the market.

Peter Ker Fortescue is set to claim Telstra's mantle as the most traded stock by volume on the ASX, while CBA is closing in on BHP's claim to be the most traded stock by value.

BHP hoping sum of the parts will be greater than the whole

BHP shares have averaged $30.60 since the start of 2015.

Peter Ker BHP shares will almost certainly fall when the South32 demerger takes place, but how far?

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Vale lifts hopes for smaller miners like Atlas Iron

Vale will slow production of iron ore.

Peter Ker and Tess Ingram Struggling Australian miners like Atlas have been given a glimmer of hope after another big miner vowed to cut exports.

Vale's slower growth to trigger iron ore rally

Iron ore prices have more than halved in the past year; ore for shipment to the Chinese port of Qinqdao last traded down 1.7 per cent at $US56.18 a tonne.

Peter Ker The world's biggest iron ore exporter says it is willing to withhold exports to improve profit margins, a move that could help push iron ore above US$60 a tonne.

Cliffs Natural Resources 'can't wait' to exit 'horrible' Australian iron ore business

Iron ore mining is no longer affordable for Cliffs Natural Resources.

Peter Ker Cliffs believes BHP, Rio Tinto and Vale cannot afford to continue growing iron ore exports.

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