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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

ANC stalwart weighs in against mine nationalisation, gold mine distress ahead unless rand gold price rises, Vele coal mine on track for third-quarter completion

By: Martin Creamer     7th May 2010 The nationalisation of South Africa's mines "is not supported by strong enough evidence", a senior African National Congress (ANC) leader argues in an article that is about to be published in the ANC journal Umrabulo. 

Gold Fields CEO open to asset talks with AngloGold, Dutch, Singaporeans invest $400m in Pallinghurst, South Africa falls to low spot in Fraser Institute survey

By: Martin Creamer     30th April 2010 Gold Fields CEO Nick Holland says that he is open to discussion on gold asset consolidation with AngloGold Ashanti in order to accelerate the mining of reserves and to help stabilise the local industry's ongoing value erosion.  

‘Urgent' R100bn water investment needed, power shortage hits ferrochrome expansion,Springbok Flats uranium resource restudied

By: Martin Creamer     16th April 2010 South Africa needs "urgent" investment of some R100-billion in bulk water infrastructure and reticulation, says Xstrata CEO Mick Davis.  

New steps to avoid repeat of iron-ore rights row, ArcelorMittal says dispute resolution under way, Singapore seeking African mining opportunities

By: Martin Creamer     9th April 2010 South Africa's Mineral Resources Minister, Susan Shabangu, has moved quickly to avoid a repeat of the Sishen iron-ore rights controversy.  

Xstrata awards $48m Atcom coal project contract, African Barrick Gold raises £581m in London IPO, Govt relooking at controversial iron-ore rights

By: Martin Creamer     2nd April 2010 Resource-sector services company Sedgman has secured a $48- million construction contract for the upgrade of Xstrata Coal's Atcom coal handling and preparation plant (CHPP) in South Africa's Mpumalanga province.  

Little-known Imperial gets ‘lost' iron-ore rights, private-sector in on commodity rail channels, TWP to own, operate Zimbabwe gold plant

By: Martin Creamer     19th March 2010 The iron-ore mineral rights that ArcellorMittal ‘lost' at the Sishen iron-ore mine have been awarded to the little-known Imperial Crown Trading, described on the company's website as a commodity broker and trader, with iron-ore at the top of its list.  

Highveld mulling iron-ore sales to third parties, SIOC talks to govt on stranded iron-ore rights, Western Australia to build new iron-ore port

By: Martin Creamer     12th March 2010 The Mapochs iron-ore mine, in Mpumalanga province, has traditionally fed Highveld Steel & Vanadium alone, but new owner Evraz - the company closely associated with Roman Abramowitz, the Russian owner of UK soccer team Chelsea - is mulling the introduction of an "independent mining" approach,... 

Kumba cancels ArcelorMittal iron-ore deal, Minister Davies seeking urgent meetings with Kumba, Mittal and Anglo American 

By: Martin Creamer     5th March 2010 At the time of going to press, bombshell announcements had been made by both the high-flying JSE-listed Kumba Iron Ore and local steel producer ArcelorMittal that the nine-year-old cost-plus-3% deal between the two had been cancelled. 

Anglo needing another 1 000 MW of power, Implats holding back on Zimbabwe project, massive operational makeover at AngloGold

By: Martin Creamer     26th February 2010 Anglo will consider joining up with another energy producer in South Africa if it can assure longer-term reliable power. Read on page 6 of this edition of Mining Weekly of Anglo expecting to need another 1 000 MW for its mining operations in general and for Anglo Platinum in particular than it... 

Double-dip ups gold investment outlook, PIGS's economic woes may boost gold, Blyvoor gold poised to come out of JM

By: Martin Creamer     19th February 2010 A growing weight of investment money is poised to enter the gold market in the first half of 2010, according to the latest Gold Survey Update from international precious metals consultancy GFMS, whose chairperson, Philip Klapwijk, says that investor demand will be driven by fears of a double-dip... 

19 mining firms commit to poverty reduction, Gold Fields to cut another 50 MW of power, more disposals this year by Anglo American

By: Martin Creamer     12th February 2010 Nineteen mining companies, one of them China linked, last week agreed to use their combined influence to reduce poverty and foster development. Read on page 17 of this edition of Mining Weekly of all the large concerns being members of the International Council on Mining and Metals (ICMM). 

Swanepoel's Village bids for Lesego platinum, Metorex wants R750m for new copper growth, surface gold saves day for recovering DRDGold

By: Martin Creamer     5th February 2010 Gold veteran Bernard Swanepoel is bidding for Lesego Platinum in Village Main's maiden foray into platinum. Swanepoel will join up with Phiway Mbuyazi, Roy Pitchford and Dorian Wrigley in this R411-million bid for control of Lesego, a company which already has R142-million in funding from South... 

New explosives code to come into effect, World Diamond Council warns Zimbabwe, higher ferrochrome production returning

By: Martin Creamer     29th January 2010 New standards are being introduced for mining explosives. The South African Bureau of Standards is drafting the new code in collaboration with the explosives industry. 

GFMS predicts new gold highs in 2010, but closure is looming for Zimbabwe gold miner

By: Martin Creamer     22nd January 2010 Gold consultancy GFMS says that the gold price is likely rise above 2009's record of $1 226/oz this year, and could climb to $1 300/oz if the global economic recovery proves sufficiently sluggish. Read on page 12 of this edition of Mining Weekly, however, of GFMS also cautioning that that the big... 

Miner-supported investigation calculates ‘sustainable' Eskom price hike at 25%

By: Martin Creamer     15th January 2010 Research consultancy Genesis Analytics asserts South Africa's State-owned power utility, Eskom, can cut a further ten percentage points a year off its application for tariff increases of 35% annually to 2013.  

Say goodbye to 2009, hold thumbs for 2010

By: Martin Creamer     11th December 2009 In this the last Mining Weekly edition of the year, an economically turbulent 2009 is being left behind as hopes rise for the mining industry to claw its way back towards steady state. 

Seaborne iron-ore shortage expected in 2013, diamond industry calls for new deal, State Diamond Trader severely criticised

By: Martin Creamer     4th December 2009 JSE-listed Kumba Iron Ore is planning to bring its new Kolomela iron-ore project on stream at a time of expected market tightness. Kolomela - formerly Sishen South - will come into full production in 2013 when the company foresees a shortage of seaborne iron-ore. 

Johnson Matthey sees platinum, palladium deficits, Vulisango moving to unseat Simmers' gold board, rand-denominated gold, platinum, oil traded on JSE

By: Martin Creamer     27th November 2009 Platinum authority Johnson Matthey foresees deficits on the way in both platinum and palladium. Read on page 12 of this edition of Mining Weekly of the company forecasting a platinum price of $1 280/oz to $1 550/oz for the next six months. Johnson Matthey is forecasting up to $390/oz for the... 

Chamber calling for new electricity dispensation, Randgold finding at $10/oz, selling at $1 000/oz, ongoing ferrochrome price rises expected in 2010

By: Martin Creamer     20th November 2009 South Africa's Chamber of Mines is calling for a new electricity dispensation for this country. Read on page 5 of Chamber of Mines CE Zoli Diliza requesting that fundamental changes be made to end Eskom's dominance as both the player and the referee of South Africa's electricity generation business. 

Deputy President's no ‘immediate' nationalisation, AngloGold wants solution to electricity dilemma, analysts hail Exxaro's downstream coal surge

By: Martin Creamer     13th November 2009 The South African government has no "immediate" plans to nationalise South Africa's mining industry, and nationalisation is not a decision that can be taken "on the hoof", says South Africa's Deputy President, Kgalema Motlanthe, on page 10 of this edition of Mining Weekly. 

Harmony Gold wants new SA electricity solution, Gold Fields sees rand remaining strong for long, Kumba wins Sishen South iron-ore project case

By: Martin Creamer     6th November 2009 South Africa as a whole needs to come up with a solution to the electricity funding dilemma to avoid a wave of negative knock-on effects throughout the economy. Read on page 10 of this edition of Mining Weekly that the tariff proposal will, in the words of Harmony Gold CEO Graham Briggs, "stop... 

Kumba Iron Ore on track for 10% production boost, Anglo setting up Brazil-SA iron-ore marketing, Zimbabwe strategising to reopen closed mines

30th October 2009 South African iron-ore producer Kumba Iron Ore (KIO) increased its year-on-year output by 12%, to 11,3-million tons, during the third quarter of the year, remaining on track to meet its target of increasing production by an overall 10% in the 2009 financial year. 

Xstrata presses button on new R3bn coal project, plan to barge Mozambique coal down Zambezi, Aurora roaring on to South African gold scene

By: Martin Creamer     23rd October 2009 Coal bullishness is arguably at its most intense within Xstrata Coal South Africa, with the $407-million (R3,151-million) Atcom East project getting the thumbs-up as the study around two new far larger projects intensifies. 

Mining's share of JSE market cap drops, AngloGold, De Beers form marine JV, laws and investment in SA mining

By: Creamer Media Reporter      16th October 2009 South African mining's position on the Johannesburg bourse is declining. Whereas the mining sector accounted for 35% of the JSE's market capitalisation two years ago, it now accounts for only 29%, says Chamber of Mines chief economist Roger Baxter. 

Aussie climate-change proposal impacts on coal, unused Zim mining claims face repossession, Gold Fields' South Deep starting to roll out

By: Martin Creamer     9th October 2009 More than 2 000 Anglo American coal jobs would be lost through premature mine closure should the Australian government go ahead with its carbon pollution reduction scheme (CPRS), says Anglo CEO Cynthia Carroll. Read on page 18 of this edition of Mining Weekly of Carroll telling a mining club in... 

Sasol studying conversion of CO2 into fuel, Zimbabwe gold, coal-mine opportunities, Simmers chair's ongoing Vulisango pledge

By: Martin Creamer     2nd October 2009 South Africa's coal-to-liquids company, Sasol, is studying the conversion of carbon dioxide (CO2) into fuel. Engineers and scientists in Sasol's technology division are working on algaeic forms of methanol production. 

First Quantum suspends DRC copper project, cut freight rates sharpen coal competitiveness, remapping of Malawi's geology under way

By: Martin Creamer     25th September 2009 Copper-miner First Quantum's suspension of its Kolwezi copper project in the Democratic Republic of Congo (DRC) has highlighted the risk of investing in the DRC. Read on page 24 of this edition of Mining Weekly of the Katanga political authorities ‘sealing' off the project without a court order. 

Wits Basin mine water decant threat urgent, Moatize coking coal output forecast raised, South African contract miner sets up in Chile

By: Martin Creamer     18th September 2009 The urgency of South Africa's Witwatersrand (Wits) Basin mine-water threat is again being stressed. One of the participants in tackling the acid mine drainage (AMD) problem says that there is a "tight deadline" for decisions. Being proposed is a five-point plan for a sustainable solution. 

Australia giving Africa regulation assistance, State-owned mining assets audit due 2010, independent body to review Mining Charter

By: Martin Creamer     11th September 2009 Australian Foreign Affairs Minister Stephen Smith has launched an initiative to help African countries regulate their mining industries. Read on page 14 of this edition of Mining Weekly of Smith's contention that Australia has "valuable experience" to impart in the field of regulation. 

Govts respond ‘pleasingly' to trans-Kalahari railway, Implats may close underperforming platinum mine, Canadian-owned mines in Africa to double by 2010

By: Martin Creamer     4th September 2009 Governments have reportedly responded pleasingly to the private-sector-led idea of establishing a trans-Kalahari rail link to Walvis Bay. 

Waterberg-Witbank coal rail needed for power, Transnet allocates manganese export capacity, Iron-ore pricing heading to greater transparency

By: Martin Creamer     28th August 2009 Coal would in time need to be railed from the emerging Waterberg coalfield to power stations in the depleting Witbank coalfield to ensure South Africa's energy security, says diversified resources company Exxaro, which will also use the line to get its coal to the Richards Bay Coal Terminal for... 

R5,5bn more for Khumani iron-ore expansion, true commodity picture in 2010, says BHP, Brazilian miner introduces new iron-ore pricing

By: Martin Creamer     21st August 2009 An additional R5,5-million has been approved for the completion of the expansion of the Khumani iron-ore-mining project in the Northern Cape, to a capacity to 16-million tons of iron-ore a year. 

Zimbabwe wooing mining investment, gold scrap sales drop after soaring, ferrochrome destocking cycle ending

14th August 2009 Zimbabwe is going all out to rebuild itself as a destination of choice for mining investment. Read on page 11 of this edition of Mining Weekly of Zimbabwe Mines Minister Obert Mpofu and Chamber of Mines president Victor Gapare painting a new picture of Zimbabwe’s resources prospects.  

Two more Anglo Platinum shafts may close, Saldanha iron-ore terminal expansion 2011, Zimbabwe eyeing London Bullion Market

By: Martin Creamer     7th August 2009 A process is under way that could lead to two further shafts in Anglo Platinum’s (Angloplat’s) Rustenburg complex being placed on care and maintenance. Read on page 14 of this edition of Mining Weekly of Angloplat’s Blesbok shaft being on care and maintenance and of Angloplat’s plan to put more... 

Kumba’s R4bn/y capex on iron-ore growth, China’s $3,6bn in Zambian copper projects, R100m for platinum beneficiation initiatives

By: Martin Creamer     31st July 2009 Cash-pumping JSE-listed Kumba Iron Ore (KIO), which reversed the global cutback trend and increased its production 14% in the first half of the year, expects to be spending capital in South Africa at a rate of R4-billion a year going forward. Read on page 12 of this edition of Mining Weekly of... 

Obama admin set to change US mining code, gold equities tipped to outperform the metal, Mongolia wooing foreign mining investments

By: Creamer Media Reporter      24th July 2009 President Barack Obama’s US administration has announced the reform of the country’s 137-year-old federal hard-rock-mining law as a top priority. US Senate Natural Resources Interior Secretary Ken Salazar says that it’s time to ensure a fair return to the public for mining activities that occur... 

Xstrata-Anglo potentially another BHP Billiton, first new State-owned coal mine on cards, fuel-cell power generator in SA coalfield

By: Martin Creamer     17th July 2009 There was once a standalone BHP that was doing so badly that a UK magazine dubbed it 'Broken Hearted People'. Then it merged to became BHP Billiton and became the world's undisputed leading diversified mining company. 

Miners’ tough decisions on costs and margins, withdrawal from South African exploration, board in place for coal ‘road map’ initiative

By: Martin Creamer     10th July 2009 Mining companies have some difficult decisions to make if they are to reduce costs and protect margins in the prevailing economic environment, professional services group PricewaterhouseCoopers (PwC) says in a report on page 17 of this edition of Mining Weekly. 

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