Peter Ker

Peter Ker

Copper

BHP sells US mine assets for $632 million

copper

Peter Ker BHP Billiton's divestment campaign continues to gather pace, with the company announcing the sale of a copper mine and rail asset in the American state of Arizona.

Business

Confidence within companies grows

Handshake.

Peter Ker Top executives are increasingly confident about global economic health and the availability of finance, according to a survey of 1600 people by accounting firm Ernst and Young.

Economy

More executives see brighter outlook and are ready to hire

Generic paperwork

Peter Ker Top executives are increasingly confident about the global economy, says Ernst & Young.

Finance

BHP bypasses banks and heads offshore for cheap funding

A BHP Billiton logo.

Peter Ker and Lucy Battersby The trend for Australian mining majors to raise funds overseas has continued.

Miners

BHP looks offshore for cheap funding

Peter Ker, Lucy Battersby The trend for Australian mining majors to bypass local banks and raise funds overseas has continued.

Mining

Intrepid shareholders rebel

Peter Ker The fight for control of Intrepid Mines has intensified, with a group of rebel shareholders seeking an extraordinary general meeting and the removal of five members of the board.

Commodities

Newcrest weighs up future of mines

Peter Ker Newcrest Mining is reviewing the future of some of its mines, as the recent plunge in the gold price continues to take a toll on the nation's fourth-biggest mineral export industry.

Resources

Newcrest mines under review

Newcrest Mining CEO Greg Robinson.

Peter Ker Newcrest Mining cut 150 jobs during March and is reviewing the future of some mines with "considerable" focus, as the recent plunge in the gold price continues to take a toll on Australia's fourth...

Mining

OZ slumps on copper downgrade

Peter Ker OZ Minerals shares plunged to a 10-year low after it conceded it would produce about 8 to 10 per cent less copper than forecast this year.

Miners

OZ slumps as costs blow out

A conveyor belt sifts copper deposits from waste at the OZ Minerals Ltd. Prominent Hill mine.

Peter Ker OZ Minerals is trading at a 10-year low, after the company conceded it would produce about 8 to 10 per cent less copper than forecast this year.

Resources

Rio: our mistake over Alcan

Rio Tinto hard hats.

Peter Ker Rio Tinto has offered its shareholders a clear mea culpa over its takeover of Alcan.

Resources

New CEO sets frugal agenda for BHP

Andrew Mackenzie.

Peter Ker BHP Billiton executives will work under a more frugal pay regime, after new chief executive Andrew Mackenzie reshuffled the company's leadership ranks.

Mining

New BHP boss takes pay cut

kloppers mackenzie

Peter Ker BHP's new chief is expected to earn close to 25% less each year than outgoing boss Marius Kloppers, as the company seeks to fit in with the tougher times.

Resources

Ausdrill hammered after downgrade

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

Phil Wen and Peter Ker Resource stocks continued to suffer as a host of March-quarter results failed to turn around investor sentiment.

Uranium

Paladin shares plumb eight-year lows

Paladin Energy says it will slash its costs by up to $US80 million over the next two years.

Peter Ker Uranium miner Paladin Energy is testing eight-year lows, after producing an underwhelming set of March quarter results today.

Mining

BHP sticks to guidance

BHP Billiton

Peter Ker Turbulent weather in the past quarter has not been enough to knock BHP off course, with the mining giant retaining full-year guidance for its prime divisions.

Gold

Price fall puts projects under cloud

gold mining

Peter Ker Australia's biggest listed gold producer, Newcrest Mining, could face difficult decisions.

Mining

Rio Tinto earnings face hit after mine slide

Peter Ker A wall collapse at one of the company's copper mines in the US will impact earnings.

Utah

Rio copper production to drop by 30%

copper

Peter Ker Rio Tinto has revealed the full extent of last week's wall collapse at one of its copper mines in the United States.

Gold

High-cost producers feel the pinch

GOLD MINE

Peter Ker Local goldminers are facing near-record-high labour costs and a local currency that refuses to fall in line with the commodity price.