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Terence Creamer

Terence Creamer

Terence Creamer is the Editor of Engineering News and a Deputy Editor for Mining Weekly.

He also has editorial responsibility for Polity.org.za and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

IPP Office to be incorporated into overhauled Central Energy Fund

19th May 2017 South Africa’s highly respected Independent Power Producer (IPP) Office, which has overseen nearly R200-billion-worth of renewable-energy investment since 2011, is to be incorporated into the Central Energy Fund (CEF), which itself is to be overhauled. Energy Minister Mmamoloko Kubayi announced... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

DoE won’t appeal nuclear ruling, but Kubayi leaves door open for new nuclear determination ahead of IRP update

13th May 2017 Energy Minister Mmamoloko Kubayi announced on Saturday that government would not appeal the April 26 ruling of the Western Cape High Court, which declared the processes hitherto used to procure new nuclear capacity to be unconstitutional and illegal, along with three nuclear-related... 

Brown defends shock Molefe reinstatement, as Koko takes leave amid forensic probe

12th May 2017 Public Enterprises Minister Lynne Brown has defended her decision to accept the Eskom board’s much-criticised recommendation that Brian Molefe be reinstated as CEO and see out his five-year contract to 2020 on the basis that it offered “better value” than the alternative of paying him a... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

Eskom seeking Tegeta ‘consent’ to disclose value of Optimum settlement

13th April 2017 Department of Public Enterprises director-general Mogokare Seleke revealed on Thursday that Eskom’s legal representatives had approached Tegeta Resources, owner of the Optimum coal mine, to obtain “consent” in making details of a recent arbitration settlement, relating to a R2.2-billion penalty... 

Sasol finalises currency hedges worth $4bn

11th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Scaw expands chain-making capacity with R110m investment in automated plant

6th April 2017 Specialist steel products manufacturer Scaw Metals has invested R110-million to expand and modernise the production of large-diameter chain and masterlink components at its McKinnon Chain factory in Vereeniging, in southern Gauteng. Large-diameter chains are used in various industries for lifting... 

Business warns of ‘negative spiral’ after reshuffle-induced downgrade

4th April 2017 Business has warned of a possible “negative spiral” for the country’s economy as a result of President Jacob Zuma’s “ill-considered” March 31 Cabinet reshuffle, which led S&P Global Ratings to downgrade South Africa’s sovereign credit rating to the subinvestment-grade status of BB+, with a... 

Eskom to fast-track socioeconomic assessments for five coal stations facing closure

30th March 2017 Public Enterprises Minister Lynne Brown has called on Eskom to urgently complete socioeconomic impact assessments for its coal-fired power stations in Mpumalanga, five of which having been earmarked for decommissioning over the coming five years, owing to flat demand and the introduction of new... 

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