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Martin Creamer

Martin Creamer

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

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

STRONG STRATEGY

28th August 2015 Dr Mark Bristow, chief executive officer of Randgold Resources, who is finding it no problem to generate free cash through the current gold price slump. “You build businesses in the troughs and you make money in the peaks”, is Bristow’s long-standing business philosophy, which is producing... 

LOCKING HORNS

28th August 2015 The R2-billion that State power utility Eskom is claiming for failure to meet specifications has resulted in Optimum Coal going into business rescue, which is putting Eskom’s 2 000 MW Hendrina power station in a precarious position. Should the business rescue attempt fail, liquidation will... 

The indispensable nature of South Africa’s mining industry needs to be widely acknowledged

28th August 2015 The modern world would be much the poorer without mining, which is something to be borne in mind as the industry takes huge strain under the collapse of commodity prices. As often outlined by Chamber of Mines of South Africa CEO Roger Baxter, mining and the minerals are integral to society and... 

Important that Optimum Coal issue is resolved – Glencore

28th August 2015 It was important that the Optimum Coal issue was resolved well so that the coal-mining company could become operational once more, Glencore CEO Ivan Glasenberg said on Wednesday. Responding to media questions after the mining and marketing company’s presentation of half-year (H1) results,... 

Glencore first-half earnings slide on weaker commodity prices

28th August 2015 Diversified marketing and mining major Glencore on Wednesday reported 29% lower first-half (H1) earnings of $4.6-billion on weaker commodity prices. The board of the London-, Hong Kong- and Johannesburg-listed company declared an interim dividend of $0.6 a share, consistent with the 2014 interim... 

AngloGold suspends investment in short-life mines, mining out remaining ore as gold price falls

28th August 2015 AngloGold Ashanti is harvesting short-life gold mines for cash and will do so with more mines if the gold price falls below $1 000/oz, CEO Srinivasan (Venkat) Venkatakrishnan said on Monday. “As an industry, we’re going through pretty rough times but the rougher it gets, the more our... 

World Gold Council optimistic on H2 gold demand

28th August 2015 The World Gold Council is optimistic that there will be an increase in demand for physical gold in the second half (H2) of this year, when it expects a seasonal demand increase in India and gold’s lower price to feed through into stronger consumer demand. Against the background of second quarter... 

BHP Billiton still bullish on China

25th August 2015 China will continue to grow at 7% this year, BHP Billiton CEO Andrew Mackenzie said on Tuesday, when the mining giant posted a solid set of dividend-paying results. Mackenzie, who rejected the notion that China was “impossible to read”, expected the second half of this calendar year to be... 

South32 sees opportunity to work with Eskom on further coal supply

24th August 2015 New diversified mining company South32, which on Monday reported 56%-higher underlying earnings of $1-billion, sees an opportunity to work with Eskom on additional coal supply.   The demerged BHP Billiton entity, which is fast-tracking the implementation of its regional operating model in South... 

On-The-Air (21/08/2015)

21st August 2015 South Africans once mighty gold mining companies are preparing for worst-case scenarios. A major effort is being made to get cargo off the roads and back on to rail using a new app. The full weight of legislation is being thrown behind South Africa’s new search for oil and gas. 

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