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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

Exxaro confirms take-or-pay coal rail contract with Transnet

5th March 2015 Black-controlled coal mining company Exxaro on Thursday confirmed its status as a signatory of a take-or-pay rail contract with the State-owned logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in KwaZulu-Natal. This follows BHP... 

Exxaro records operating loss, outlook remains challenging

5th March 2015 Black-controlled diversified mining company Exxaro, which recorded a R3.2-billion net operating loss in 2014, expects challenging conditions to continue in 2015, the company said on Thursday. The net operating profit of the JSE-listed company, headed by CEO Sipho Nkosi, fell 192% to a loss of R3... 

Gold recycling to remain low – World Gold Council

5th March 2015 The recycling of gold, which fell to a seven-year low in 2014, is expected to remain low this year, and possibly decrease further owing to substantial near-market supply being flushed out, the World Gold Council (WGC) reported on Thursday. “The decline in recycling in 2014 was widespread across... 

Glencore commits to migrating first world safety to third world countries

4th March 2015 Diversified major Glencore, which reported 16 fatalities last year, has committed itself to migrating first-world safety practices into challenging geographies where more than 80% of the deaths took place. The London-, Hong Kong- and Johannesburg-listed company’s SafeWork programme – in which 118... 

Glencore transitioning into deficit in most commodities – Glasenberg

3rd March 2015 Diversified major Glencore was transitioning into deficit in most of the commodities it produced, CEO Ivan Glasenberg said on Tuesday. Glasenberg, who has presided over returning $9.3-billion to shareholders in dividends and buybacks since 2011, told analysts and media in teleconferences in which... 

Marketing hoists Glencore over low commodity price hurdle

3rd March 2015 Diversified major Glencore has managed to scale the low commodity price hurdle with significant help from its marketing arm. The London- Hong Kong- and Johannesburg-listed company, which produces and markets 93 commodities, went against the grain with its surging agricultural business yielding... 

New tech competitive this year – AngloGold

2nd March 2015 The new raise-boring technology, which produced 100 kg of gold for AngloGold Ashanti in 2014, is targeted to be competitive with conventional mining this year. Last year the company used the raise-bore technology to drill 83 holes in shaft pillars that are unsafe to mine conventionally. 

Turbines boosting mine power – AngloGold

2nd March 2015 Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants in the form of turbines at two... 

First tungsten from new Zimbabwe mine June – Premier

27th February 2015 The first major commercial production of tungsten from a new mine under construction in Zimbabwe is expected in June. The plant for the mine, which is being built in Johannesburg by Appropriate Process Technology, is due for shipment to Zimbabwe on May 11. The RHA project has so far absorbed an... 

On-The-Air (27/02/2015)

27th February 2015 The Impala Platinum refinery is taking steps to generate its own electricity using platinum fuel cells. The Department of Energy has received a whopping 77 bids from aspirant renewable energy suppliers. An Indian company is gleefully investing R9-billion in valuable zinc assets that... 

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