Peter Ker

Peter Ker

Resources

Steel major warns of 'war of attrition'

Peter Ker One of China's top steel makers has warned of weaker iron ore prices in the second half.

China warns of weak iron ore prices

Iron ore prices have fallen by about 9 per cent in the past month in response to the Western world's economic woes.

Peter Ker One of China's top five steelmakers has warned Australian miners of weaker iron ore prices in the second half of 2013, as much of China's steel industry struggles to break even.

Resources

Global copper market headed for hot water

Crushed copper.

Peter Ker If the world needed a reminder that mining is a dangerous business, the past few months in the copper sector has provided ample proof.

Mining

Newcrest set to strip $6b off value of mines

Newcrest Mining.

Peter Ker Newcrest Mining expects to write $6 billion off the value of its mines as part of a restructuring that will claim hundreds of jobs.

ASX

ASIC looking into Newcrest share downgrades

Newcrest's Lihir goldmine PNG

Peter Ker A bad day at the office might soon get worse for Newcrest Mining, with market regulators curious about how some investors appeared to anticipate Friday's announcement of deep job cuts, reduced gold...

Mining

Newcrest tightens belt as shares dive

Newcrest Mining.

Peter Ker Newcrest shares extend their dramatic slide after the miner announces write-downs of up to $6 billion and more job cuts.

Mining

More jobs to go at Newcrest

Peter Ker Newcrest boss Greg Robinson is under pressure to respond to a sudden share price slump.

Resources

Cloud over Glencore Xstrata mine

Peter Ker Multinational miner Glencore Xstrata might axe a $110 million expansion project at a NSW mine after dismissing its contractor.

Glencore

Axe looms for Cobar mine expansion

MACMAHON

Peter Ker Macmahon loses out as multinational miner Glencore Xstrata considers axing a $110 million mine expansion project in NSW.

Payment row

Tinkler crafts Blackwood deal

Peter Ker Former coal baron Nathan Tinkler has reached a settlement with Blackwood Corporation.

Courts

Rinehart changes trust amid court stoush

Gina Rinehart

Peter Ker New documents suggest mining magnate Gina Rinehart changed the ownership structure of her main company, Hancock Prospecting, in the middle of a controversial 10-day period that was crucial to her...

Mining

Rinehart altered ownership structure

Gina Rinehart.

Peter Ker Hancock Prospecting's director allegedly changed the corporate structure during court battle with her children.

Resources

Changing of local guard at Exxon, BP

A storage tank is seen at the ExxonMobil oil refinery.

Peter Ker The winds of change continue to blow through the executive ranks of the resources industry.

Coal

BHP looks for contractor savings

Coal loading facitilies.

Peter Ker BHP Billiton has confirmed another change of contractor within its Queensland coal division.

Data

Miners slump on weak China PMI data

Mining

Peter Ker Australian mining stocks slumped after the release of sluggish economic data out of China.

Resources

End of boom in commodities

IRON ORE 001207 PIC MICHELE MOSSOP
GENERIC IRON ORE RESOURCES MINING EXPORT TRADE EMPLOYMENT TRUCK SHIPPING TRANSPORT
HAMMERSLEY IRON BHP
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Photo by MICHELE MOSSOP

Peter Ker Australia's top commodities agency has detailed a year of woe for the local resources industry.

Investment

Mining exploration plunges

Peter Ker Spending on mineral exploration drops sharply, with small miners complaining about tax rule changes.

Resources

Fortescue told to re-price Pilbara rail

Queensland Rail.

Peter Ker Andrew Forrest's Fortescue Metals Group has been told to change the way it charges for access to its Pilbara railway, as regulators grapple with Brockman Mining.

Resources

US shale gas may become export rival to Australia

Freeport LNG facility in Quintana.

Peter Ker Fears that the US could become a rival are firming as the Obama approves more LNG exports.

Currencies

Dollar's slide mostly good

Generic dollar coins.

Peter Ker For a moment, it seemed the high Australian dollar might join the cockroaches as the only survivor of nuclear winter.