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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

Sibanye to acquire US platinum miner for R30bn

9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

PLANET EARTH’S VITAL LUNG BEING HACKED DOWN

9th December 2016 The 25 000 inhabitants of Novo Progresso in the Pará, northern Brazil, rely on illegal logging and mining for survival. This pictures shows one of the few occasions law enforcers are able to burn their trucks and illegally sawn tree trunks on the spot. Most of the time they are fighting a losing... 

Diligent Glencore delivers on debt promise, restarts dividend

9th December 2016 Diversified mining company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the 2017 dividend... 

Platinum production under extreme pressure – Dunne

9th December 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

New confidence in thermal coal, zinc, nickel, copper, cobalt as demand lifts

9th December 2016 Mining companies need to be marketing companies as well. A major lesson of the downturn since 2008 is that mining companies need to be right up there with the top trading brains if they are to optimise their businesses and the economies of the countries in which they operate. 

Glencore shares rise as Rosneft deal wins analyst thumbs-up

8th December 2016 The share price of diversified mining and marketing company Glencore rose in Johannesburg on the news that the company is in final-stage negotiations to buy 19.5% of Russia’s privatised oil company Rosneft for $11-billion together with the Qatar Investment Authority, which is Glencore’s largest... 

Platinum fuel cell passes competitive muster at Implats

7th December 2016 Impala Platinum Refinery and its partners are in the last phase of financial close for the introduction of 8 MW of off-grid electricity from a platinum-catalysed fuel-cell system that will make use of natural gas from the Sasol grid. “We expect to get close and first flow of funds by March, with... 

Aveng wins Gamsberg zinc mining contract

6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Glencore producing zinc at minus cost

5th December 2016 Diversified mining and marketing company Glencore is producing zinc at negative cost. Towards the end of this year it has been doing so at -3c/lb and next year it expects to do so at an even better -14c/lb, supported by healthy lead by-product credits. 

Glencore sees nickel shortage as electric vehicle demand burgeons

2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

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