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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

Kumba Iron Ore drops Sishen prepayment bombshell, steelmaker ArcelorMittal takes steps to close Saldanha, spat leaves South African government ‘gravely concerned’

By: Martin Creamer     23rd July 2010 Anglo American-controlled Kumba Iron Ore (KIO) wants to be paid in advance by steelmaker ArcelorMittal (AMSA) for its higher interim iron-ore prices, which prompted AMSA to announce that it was taking immediate steps to close its Saldanha export steel works at the coast, as well as reducing... 

Africa set to be Rio Tinto iron-ore growth vector, former Sentula director on Interpol fugitives list, IDC looking to govt for help at Kolwezi in DRC

By: Creamer Media Reporter      16th July 2010 Diversified miner Rio Tinto would like to see the first iron-ore from its large West African project in the next three to five years. Read on page 7 of this edition of Mining Weekly of more than 1 000 Rio Tinto personnel working on the high-grade Simandou iron-ore project in Guinea, which will... 

Kumba to interdict any attempt to access iron-ore site, global pressure mounts on DRC over mine rights issues, Simmers to close two Buffelsfontein gold mine shafts

By: Martin Creamer     9th July 2010 The JSE-listed Kumba Iron Ore (KIO) has made it clear that it will approach the courts for an urgen interdict if mineral rights holder Imperial Crown Trading (ICT) attempts to start prospecting at the Sishen Iron Ore Company (SIOC) mine. Read on page 14 of this edition of Mining Weekly of ICT... 

Exxaro expects to ‘wheel’ power for coal IPPs, De Beers sees China on way to matching US, Village Main firms up its platinum launch pad

By: Martin Creamer     2nd July 2010 Coal miner Exxaro expects to sell its coal to four independent power producers (IPPs) and then to “wheel” that power to customers along the transmission grid. Read on page 6 of this edition of Mining Weekly of the JSE-listed company targeting 1 200 MW in the first phase of its proposed new... 

Optimum, Eskom go to arbitration on coal supply, IDC, Palamin, IMBS mull Phalaborwa iron project, South Africa awards Shell shale gas exploration permit

By: Martin Creamer     25th June 2010 Black-owned JSE-listed coal-mining company Optimum Coal is to go to arbitration over the differing interpretations of a coal supply agreement that it has with Eskom.  

Tanzania bans the export of raw tanzanite, Wescoal may treble coal reserves this year, Virgile Asia bids for Orkney, Grootvlei gold

By: Martin Creamer     18th June 2010 Tanzania, the world's only source of tanzanite, has banned the export of raw tanzanite. Read on page 6 of this edition of Mining Weekly of Minerals and Energy Minister William Ngeleja introducing the immediate ban in the interests of local job creation and economic stimulus.  

Trans Hex diamond demand back to precrash levels, rough shortage to underpin prices – Harry Winston, China, India keeping diamond prices up – Rockwell

By: Martin Creamer     11th June 2010 Diamond pricing is close to pre-crash levels with demand fully back, says Trans Hex CEO Llewellyn Delport. Read further on page 10 of this edition of Mining Weekly of Delport anticipating that both demand and pricing will hold up going forward. The JSE-listed Trans Hex has reported a turnaround... 

Gold Fields to earn R200m for flaring Beatrix's methane, Skeat heads for JSE with Galaxy of gold orebodies, Wesizwe gets R6bn Chinese funding for platinum mine

By: Martin Creamer     4th June 2010 SE-listed Gold Fields' initiative to flare methane will earn the gold major R200-million over seven years in carbon trading. Read on page 12 of this edition of Mining Weekly of the company's plans also to build a power plant that will convert the methane on surface into of electricity, which the... 

Gold investment demand to continue - Murenbeeld, Miranda to list South African coal assets in Australia, African Eagle to develop JV gold mine in Tanzania

By: Martin Creamer     21st May 2010 The growth in investment demand for gold is still in its "early days", and the price of the precious metal is not in a bubble, Dundee Wealth economist Martin Murenbeeld has delegates at the Canadian Institute of Mining, Metallurgy and Petroleum conference in Vancouver. Like other market watchers,... 

AngloGold devising model to mine below 5 km, SA gold to have ‘day in sun again' - Gold Fields, Australia tax a boost for S Africa, Canada, Brazil

By: Martin Creamer     14th May 2010 South Africa's largest gold-mining company, AngloGold Ashanti, is devising a new mining model to enable it to operate safely and profitably at depths of 5 000 m and beyond.  

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. 

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