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Martin Creamer

Martin Creamer

Martin Creamer is Publishing Editor of Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

On-The-Air (24/04/2015)

24th April 2015 South Africa’s troubled State-owned enterprises have been urged to consider a 20% private shareholding to keep them disciplined and transparent. A new dust control system is expected to bring an end to the curse of silicosis, the silent killer of tens of thousands of mineworkers. A... 

David Brown

24th April 2015 Coal of Africa, a future coking coal producer. 

IRON WILLED SWEDCES

24th April 2015 A model of Kiruna town in the Swedish Arctic shows the expected expansion of the iron-ore mine on the town's outskirts. Undaunted by falling iron-ore prices, a Swedish company will start dismantling and moving the historic Arctic town of Kiruna this month to make way for the expansion of Europe's... 

Petra Diamonds share price tumbles on grade woes

24th April 2015 The share price of Petra fell sharply on Thursday on grade variability issues at mainly its Cullinan diamond mine and 31% lower overall revenue in the three months to March 31. Revenue fell to  $96.1-million from $138.3-million previously in the absence of the previous corresponding quarter’s... 

Goldman Sachs bullish on South Africa as favourable investment destination

24th April 2015 Leading global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a favourable destination for fund managers because of the depth of its capital market and the scarcity of other emerging market options. Goldman Sachs... 

Platinum prices to average $1 500/oz in 2016 – Natixis

24th April 2015 Platinum prices will average $1 500/oz in 2016 and $1 285/oz this year, French bank Natixis forecasts in its metals review for the first half of 2015. Platinum is currently trading at a far lower $1 147/oz with recycled metal and above-ground stocks still playing a price-restraining role. 

South32 turns bearish as tax inquiry, iron-ore put ‘sell’ skids under BHP

24th April 2015 With the shareholder vote just over three weeks away, the planned spin-off of South32 from BHP Billiton has turned bearish and BHP Billiton has itself fallen victim to an unprecedented number of analyst sell recommendations owing to the plummeting iron-ore price, worsened by the reputational... 

Kumba Iron Ore opens clinic as Minister visits award winning housing complex

24th April 2015 Kumba Iron Ore top brass and Mineral Resources Minister Ngoako Ramatlhodi on Thursday launched a new R8.8-million clinic and visited the Anglo American company’s award-winning 718-employee-house complex in the Northern Cape. “We believe that these projects will go a long way in addressing the... 

COMING UNSTUCK

24th April 2015 The alacrity that diversified major Glencore displayed in closing its coal trading office in Singapore and relocating it to Australia put it in a good light at the Senate tax inquiry in Australia. In sharp contrast, stronewalling and shilly-shallying skittled the reputations of both by BHP... 

Glowing investment endorsement, BEE court referral wins plaudits, acid water commercialisation call

24th April 2015 Favourable Goldman Sachs endorsement of South Africa, BEE referral to courts praised, commercialisatin solution proposed for acid mine drainage 

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