Peter Ker

Peter Ker

China's iron ore tax cut puts heat on Australian miners

Peter Ker China has sent a blunt warning to governments in Australia that it will strive to keep its domestic iron ore miners afloat by announcing a new round of tax cuts for the embattled industry.

Australia's biggest companies hand out colouring books to staff to foster mental health

ANZ employee Kerrie Harris with her adult colouring book.

Peter Ker Companies such as Wesfarmers, ANZ Bank and Bupa are providing adult colouring books to staff to help them cope with the demands of the modern workplace.

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Royal Dutch Shell to take over BG Group in megadeal

The new deal is expected to deliver $US2.5 billion worth of synergies and a significant proportion of those will be in Australia.

Peter Ker Oil and gas major Royal Dutch Shell and BG Group will push ahead with one of the biggest energy deals in history.

Iron ore miners told Chinese steel growth forecasts too bullish

revised

Peter Ker The man who ran BHP's iron ore division during the peak of the mining boom says Chinese steel production will likely fall short of expectations

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Bradken rejects PEP's second takeover bid

Peter Ker The debt-heavy mining services company has received another takeover bid from private equity firms

Indian jewellery billionaire Rajesh Mehta to buy Australian gold assets

The price of gold could reach $US2400 an ounce by 2030 on the back of growth in emerging Asian economies such as China and India, a new report from ANZ Banking Group says.

Peter Ker India's biggest jewellery maker, billionaire Rajesh Mehta, wants to buy stakes in Australian gold mines and open retail stores in the country.

PanAust shareholders demand higher price from GRAM

The last time PanAust did not pay a dividend was after the December half of 2011.

Peter Ker The previous chairman and previous managing director of PanAust have criticised the strategy deployed by the new management.

Former PanAust bosses slam current leadership amid fresh takeover bid

Gary Stafford is disappointed that several recent changes in strategy had diminished the value of the company.

Peter Ker PanAust shareholders have lost confidence in the current board and management, and are likely to accept a takeover offer.

PanAust expected to seek higher price as GRAM circles again

PanAust shares have fallen as low as $1.10 in recent weeks, prompting a second bid by GRAM.

Peter Ker PanAust shares have traded higher than GRAM's revised takeover offer on Monday

PanAust receives takeover offer from GRAM

PanAust shares have fallen as low as $1.10 in recent weeks, prompting a second bid by GRAM.

Peter Ker Copper miner PanAust has received its second takeover offer in the space of one year as the Brisbane-based company again considers an offer from major shareholder Guangdong Rising Assets Management.

Caltex eyes franking credits as Chevron exits

Caltex/Woolworths and Matilda Blue at Morningside both had discounted unleaded petrol on offer for less than $1/L on Sunday.

Peter Ker Caltex will find it easier to release franking credits to shareholders now that its United States-based 50 per cent shareholder has exited the register.

Rio Tinto to axe highly paid M&A team as cutbacks deepen

Rio Tinto has lost a test case against the Australian Taxation Office over the claiming of GST credits for housing it builds for workers in remote locations.

Peter Ker Rio Tinto's continuing ongoing austerity campaign is set to force departures from its mergers and acquisitions and business development areas.

Mood builds for corporate tax cut as Frydenberg warns about foreign investment disincentive

The mining tax had been heavily opposed by mining magnates Gina Rinehart and Twiggy Forrest.

Peter Ker Assistant Treasurer Josh Frydenberg has echoed Treasury's concerns about the impact Australia's high corporate tax rate is having on foreign investment

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Rio Tinto, Chinese Steel dismiss Andrew Forrest's cartel proposal as unworkable nonsense

A stacker loads crushed iron ore onto a stockpile at the processing facility at Fortescue Metals Group Ltd.'s Solomon mining hub in the Pilbara region, Western Australia, on Monday, Dec. 2, 2013. Fortescue, Australia's biggest issuer of junk-rated mining bonds, is targeting investment-grade status as strength in iron ore prices lets the company cut its debt burden. Photographer: Sergio Dionisio/Bloomberg

Peter Ker and Tess Ingram Fortescue Metals Group chairman Andrew Forrest's has earned widespread ridicule from big mining bosses over his call for an Australian iron ore cartel as Chinese Steel officials dismissed the idea as...

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Sino Iron continues to weigh on Citic

Mining generic, trucks, mine, environment. Mining trucks move Iron ore out of the KCGM Super Pit in Kalgoorlie, WA. The pit is the largest open pit mine in Australia. Wednesday 14th January, 2015. Photo: Ryan Stuart

Peter Ker Citic Limited has posted more impairments on its Sino Iron project in Australia

Noble action turns up heat on Iceberg

OPTrust, one of Canada's largest pension funds, says it may be interested in investing in the Port of Darwin.

Peter Ker Commodity trader Noble has launched legal action in Hong Kong in a bid to exterminate the anonymous critic who has accused it of being the next Enron.

Coal miners to take haircut on Japanese contract

An Ukrainian coal miner waits for a bus after exiting the underground of the Zasyadko mine, where he helped search for bodies of colleagues and clear up debris following an explosion, in Donetsk, Ukraine, Wednesday, March 4, 2015. An explosion ripped through a coal mine before dawn Wednesday in war-torn eastern Ukraine, killing at least one miner and trapping more than 30 others underground, rebel and government officials said. One injured miner reported seeing five bodies.(AP Photo/Vadim Ghirda)

Peter Ker Australia's thermal coal miners are close to settling one of their most important sale contracts of the year, and are expected to agree to price cuts of more than 15 per cent.

Analysts point to BHP Billiton spin-off South32 buying assets for growth

South32

Peter Ker The new company that BHP Billiton will spin-out this year, South32, will need to buy assets to ensure production growth, analysts say.

South32 may get bumpy start once listed, new CEO designate Graham Kerr warns

Many pundits expect South32, which will list soon, to be more active in mergers and acquisitions markets than BHP has been, with the new company potentially a target and a predator.

Peter Ker South32 may face a bumpy start to life as CEO designate Graham Kerr says it could face London selling on listing.

BHP reveals dividend and debt plan for South32

The new entity will also be given $US2.2 billion of BHP Billiton's debt, in keeping with the company's promise to ensure the new company begins its life with a small and manageable debt load.

Peter Ker The company that will be spun out of BHP Billiton later this year will return at least 40 per cent of its underlying earnings to shareholders in the form of dividends, according to information on the...