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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

First Word

Aussie PM resists foreign mine supply, South Africa’s mining production down, new Maputo coal terminal shareholder

By: Martin Creamer     27th January 2012 International mining companies face World Trade Organisation (WTO) wrath in Australia; South Africa's mining production drops; the new investor in the Maputo coal terminal has reputed balance-sheet strength. 

Transnet expects to rail 70Mt of coal, Exxaro plays its iron-ore card, Mboweni brothers in iron-ore BEE

By: Martin Creamer     20th January 2012 South Africa’s State-owned freight logistics group Transnet says that it is on track to deliver between 70-million and 72-million tons of coal to the Richards Bay Coal Terminal (RBCT) by its financial year-end on March 31; black-owned diversified miner Exxaro has played its long-awaited iron-ore... 

$7bn of platinum for cars, Zim banking wanted, miners keen on M&As

By: Martin Creamer     16th December 2011 The platinum glut is set to diminish just as mine production declines for the first time since 2008; Foreign mining companies operating in Zimbabwe may be required to bank their money with local financial institutions; Ernst & Young reports an increased appetite for mining mergers and acquisitions; 

Where iron-ore will find its floor, Kumba says more supply than buy

By: Martin Creamer     9th December 2011 As South Africa’s largest iron-ore producer reports that there is currently more iron-ore supply than iron-ore demand, there is a strong contention that the ferrous metal is unlikely to sink below $120/t as Chinese steelmakers replenish stockpiles. 

Canada moots diamond beneficiation, environmental impact monitoring, Kenya grants first gold mining lease

By: Martin Creamer     2nd December 2011 Canada has the potential to create diamond beneficiation jobs as new mines come into production; the South African government is urged to better manage the impact of coal mining on country water supply; and 

Codelco's pillage of Anglo American Sur is hurting ordinary working men and women 

By: Martin Creamer     25th November 2011 Chile and its State-owned copper company, Codelco, need to understand that it is the working men and women of the world who have provided the investment that underpins Anglo American Sur. In forcing Anglo to accept a pittance for its well-developed Chilean copper assets, Codelco and the... 

Nationalisation risk down, community attention up, mine water retorts offered

By: Martin Creamer     18th November 2011 The suspension of Julius Malema seen as reducing mine nationalisation risk; Anglo American Platinum is implementing a R3.5-billion mine host community development;and the government offers acid mine drainage remedies. 

Venetia boost to 2050 still on cards, Zimbabwe sees $2bn diamond sales, Tirisano back in diamond production

By: Martin Creamer     11th November 2011 The extension of the life of South Africa’s most prolific Venetia diamond mine is still on the cards; rrant Zimbabwe says it is on the way to earning more than $2-billion a year from diamond sales; the first parcel of diamonds from South Africa's recommissioned Tirisano diamond mine has met with... 

No, Codelco, what you’re forcing on Anglo is reprehensible nationalisation by stealth

By: Martin Creamer     4th November 2011 The State-owned Chilean copper miner Codelco is not playing the game with the steps it is taking to seize half of Anglo American’s Chilean assets. A howl of protest from South Africa’s diplomatic corps would not be out of order in this instance. What is happening is really mine nationalisation... 

Mozambique coking coal strength, Zimbabwe frightening investors, South Africa’s BEE needs liquidity

By: Martin Creamer     28th October 2011 Mozambique is poised to become a significant coking coal producer; Zimbabwe stands to lose significant foreign direct investment; and there is a plea for South Africa's black economic-empowerment (BEE) participants to be allowed to trade their shares. 

Global Mining Weekly on iPad, uncertainty hits commodities, mining production falls again

By: Martin Creamer     21st October 2011 Mining Weekly now has a global iPad edition; uncertainty is impacting commodities negatively; and South Africa's mining production has fallen for the third consecutive month. 

Shock as chamber stalwart Roger Baxter leaves South Africa for Canada

By: Martin Creamer     14th October 2011 Shock waves are reverberating along the corridors of mining power on the news that minerals economics stalwart Roger Baxter has quit his position as South African Chamber of Mines senior executive strategy to join a company within the diversified Rio Tinto group in Canada. The 45-year-old Baxter... 

Chinese take another bite, Mozambique rail options, Sallies may delist by June

By: Martin Creamer     7th October 2011 China’s Minmetals Resources has offered to buy Anvil, a new study is examining options to boost Mozambique’s export infrastructure, Sallies’ delisting from the JSE is set to take place before the end of June 2012. 

Roubini on commodity market, Alexkor posts diamonds profit, Brazil’s pig-iron demo plant

By: Martin Creamer     30th September 2011 Commodities have been he only game in town in a stronger-for-longer cycle, but world-renowned economist Nouriel Roubini view expressed to a South African audience is that the down-dip risk has still to be priced in, which may present some shocks in the future. 

Zim’s topsy-turvy licence discussion, Rio Tinto Zim diamonds eclipsed, bumper year for mining bosses

By: Martin Creamer     23rd September 2011 Zimbabwe’s topsy-turvy licence discussion is sowing investor uncertainty; Rio Tinto's Murawa in Zimbabwe is being eclipsed by a new diamond company; and mining boss pay continues to be of the bumper kind this year 

India explores flow-through, July’s mining output down, rewarded for being less SA

By: Martin Creamer     16th September 2011 India’s Ministry of Mines is working on a flow-through share option; mining output in South Africa fell for the third consecutive month in July; ratings agency Moody's has patted Gold Fields on the back for being less South Africa.  

Post-Fukushima, some remain steadfast advocates of nuclear power and uranium mining

By: Martin Creamer     9th September 2011 While there has been a loss of confidence in nuclear power and uranium mining in the wake of what happened to the Fukushima nuclear power plant in Japan, some remain steadfast advocates of what they see as an energy source that will continue to play a significant role. While it is true that... 

Will China replicate in Africa Australia-type 2007-2010 resources M&A?

By: Martin Creamer     2nd September 2011 A replication of the Chinese resources acquisitiveness that took place in Australia from 2007 to 2010 will repeat itself in Africa over the next two to three years, says China-focused advisory firm Beijing Axis founder and MD Kobus van der Wath, who has been studying China’s growth for nearly two... 

Modern world wouldn't have smart phones, wind turbines, toothpaste without mined minerals

By: Martin Creamer     26th August 2011 Mining and the minerals are integral to modern society and really matter for the growth and development of South Africa. Chamber of Mines of South Africa senior executive Roger Baxter has pointed out in talks to the media, mining and minerals are an essential component for sustainable... 

Sovereign fund and nationalisation, Moatize coal reaches Beira port, gold could hit $2 000/oz this year

By: Martin Creamer     19th August 2011 South Africa should look at a sovereign wealth fund to quell nationalisation calls;Brazilian mining major Vale has shipped the first coal from Mozambique; and the gold price could top $2 000/oz by the end of the year, says the exiting Aurizon CEO.  

Chinese buy liquidated Orkney gold mine for R150m, plan R525m capital injection, High Court Aurora enquiry 

By: Martin Creamer     12th August 2011 Chinese company SSC Mandarin of Hong Kong has agreed to buy Pamodzi Gold’s Orkney gold mine out of liquidation for R150-million; the purchase takes place as an in-camera Master of the High Court enquiry is under way into the Pamodzi Gold liquidation. 

Anglo American pipeline at $85bn, Resgen awarded Waterberg coal rights, Barrick spending on big new mines

By: Martin Creamer     5th August 2011 Diversified miner Anglo American has put more projects into its growth pipeline, taking its total value to $85-billion; Resgen says Ledjadja Coal has a 30-year mining right for Boikarabelo mine;and Barrick Gold raises cost estimates for new South American mines under construction. 

Regional coal cooperation needed, sand tunnel for diamond mine, Evander 6 Shaft gold project

By: Martin Creamer     29th July 2011 Cooperation among Southern Africa countries needed to unlock the value of the region’s coal resources; Gem Diamonds contracts Redpath South Africa to develop a sand tunnel at Ghaghoo in Botswana; and Taung Gold gets going at its Evander 6 shaft project. 

Discard coal IPP targeted for 2015, carbon tax and competitiveness, BHP sees more shale gas bids

By: Martin Creamer     22nd July 2011 Anglo American could emerge with a discard coal power project in eMalahleni; the Australian carbon tax to hurt all exporters; and BHP Billiton may bid for more shale gas. 

Coal inventory studies under way in South Africa, Botswana as part of roadmap initiatives

By: Martin Creamer     15th July 2011 A popular term is coal road mapping. South Africa and Botswana are currently undertaking what they both refer to as coal road maps. A coal inventory study in both countries is timely. South Africa has the Waterberg field coming in and Botswana the Mmamabula field about to emerge. Both the... 

Manganese export channel, uranium market outlook, mine nationalisation view

By: Martin Creamer     8th July 2011 Transnet Freight Rail’s (TFR’s) newly reinstated CEO Siyabonga Gama wants manganese exported from Coega; the long-term outlook for uranium is seen as sound; and a political analyst says that South Africa’s centre should begin to assert itself to ensure that the country ceases to be polarised by... 

Tax changes may derail Palabora BEE, acid mine drainage needs more cash, liquidators reopen Pamodzi Gold sale,

By: Martin Creamer     1st July 2011 Tax changes may derail Palabora Mining’s black economic-empowerment deal; the R225-million allocated for the acid mine drainage problem is not enough; and liquidators have put Pamodzi Gold back up for sale. 

World Gold Council unveils initiative to combat ‘conflict gold’

By: Martin Creamer     24th June 2011 Hot on the heels of Mining Weekly’s story on the unintended consequences of the US’ Dodd-Frank legislation aimed at combating conflict gold, the World Gold Council has produced a draft framework of standards to combat gold that “enables, fuels or finances armed conflict”. Mining Weekly reported... 

South African political risk a worry – Moody’s, investors increasingly wary – Lonmin chair

By: Martin Creamer     17th June 2011 As Moody’s investor service was saying in Johannesburg that the world is putting larger political-risk question marks over South Africa as an investment destination, Lonmin chairperson Roger Phillimore was telling Mining Weekly in Toronto of the “growing sense of concern” among London’s... 

Merafe gives equity raising a miss, keeps Lion Two stake at 20.5%

By: Martin Creamer     10th June 2011 The black-owned JSE-listed ferrochrome company Merafe is giving equity raising a wide berth and opting to stick with a 20.5% stake in Xstrata’s Lion Two expansion at this stage, for which it must fork out R1-billion. 

Pamodzi Gold saga points to need for review of South Africa’s liquidation laws

By: Martin Creamer     3rd June 2011 The long-drawn-out Pamodzi Gold liquidation saga has put the spotlight on South Africa’s liquidation laws and highlighted the need for their urgent review. 

Master removes gold liquidators, Exxaro bids for iron-ore asset

By: Martin Creamer     27th May 2011 The Master of the High Court of South Africa has removed Pamodzi Gold liquidators Enver Motala and Gavin Gainsford and South African diversified miner Exxaro has announced a A$123-million takeover offer for Australian iron-ore miner Territory Resources.  

AngloGold urges quick silicosis redress, lawyer says less dust will cut incidence, RBC eases $100bn implied-damage sum

By: Martin Creamer     20th May 2011 South Africa’s largest gold miner is urging quick action on a compensation structure for silicosis sufferers; a lawyer says that the cutting of dust levels to 0,1mg/mm2 will reduce the rising silicosis problem;and analysts have backtracked on silicosis claims potentially totalling $100-billion. 

Vale, BHP in iron expansion, India SAIL studies Orissa iron, Trans Hex buys diamond mine

By: Martin Creamer     13th May 2011 BHP Billiton and Vale, have given the green light to a $3-billion expansion; India’s State-owned Steel Authority of India (SAIL) is preparing a detailed project report for a $404-million iron-ore development; and De Beers is selling Namaqualand mines to Trans Hex.  

Old gold fundamentals are ‘passé’, Gold One bids for Rand Uranium, Sentula-Shanduka coal twinning

By: Martin Creamer     6th May 2011 The old gold-price dynamics of “jewellery and Indian wedding seasons” are passé, forget about them, says Barrick founder Peter Munk; Gold One has made a binding $250-million cash offer for Rand Uranium;Cyril Ramaphosa’s Shanduka is buying Shanduka for R2,1-billion; and Rio Tinto has the certainty... 

Gold may soar if US recovery fails, gold accessible from paid-for shafts, DRDGold to sell control of Blyvoor

By: Martin Creamer     29th April 2011 The gold price could breach $2 000/oz by 2012/13, if a US economic recovery is not realised, says mining analyst Rene Hochreiter; 50-million ounces of Gold Fields’ South African gold can be accessed from current paid-for infrastructure; and South African gold-miner DRDGold wants to sell control... 

GFMS keeps $1 600/oz gold forecast, Aquarius buys platinum company, Miranda accelerating coal projects

By: Martin Creamer     22nd April 2011 The price of gold is expected to break through $1 600/oz before the end of this year; Platinum miner Aquarius is buying Afarak Platinum for $109,7-million; and 

South African taxman collects R6bn in mining royalties, Russian miner, IDC to set up mining, prospecting fund, proposed Namibian uranium mine has R11bn price tag

By: Martin Creamer     15th April 2011 The South African taxman has collected R6-billion in mining royalties in his first year of collection but is concerned about transfer pricing issues, the Russian Norilsk and South Africa's State-owned Industrial Development Corporation are setting up a mining and, prospecting fund, and the ASX-... 

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