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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

Cost levels fall for Randgold Resources, uranium contracts to 2015 for Rössing, US housing weakness hits pigment sector

By: Martin Creamer     14th November 2008 In the past 30 days, Randgold Resources has virtually returned to the cost levels of September 2007, says CEO Dr Mark Bristow on page 30 of this edition of Mining Weekly. 

Gold production in ‘critical’ decline, $1 000/oz gold price possible in 2009, forex-hit Zim gold mine stops producing

By: Martin Creamer     7th November 2008 Gold production is “in crisis” and a gold price of $900/oz to $1 000/oz is needed to arrest the downward trend, says AngloGold Ashanti CEO Mark Cutifani on page 13 of this edition of Mining Weekly. 

Uranium One’s Dominion project closes, Pamodzi Gold manages to raise R400m, Mining Weekly Online now on iPhone

By: Martin Creamer     31st October 2008 The Dominion uranium operations in South Africa have been placed on care and maintenance. Uranium One reports on page 10 of this edition of Mining Weekly that the decision to place Dominion on care and maintenance reflects the “significant deterioration” in the project’s economics associated with... 

Long-term mining outlook still positive, State mining co mpany gazetting, draconian mine safety Amendment Bill

By: Martin Creamer     24th October 2008 The long-term mining outlook remains positive, Rio Tinto CE Tom Albanese says on page 6 of this edition of Mining Weekly. Albanese adds that Rio is also “well placed” to weather current global market turmoil. 

Amid world financial turmoil, South Africa needs to play to its strengths, of which mining is undoubtedly one

By: Martin Creamer     17th October 2008 Without mining, South Africa would lose more than half of its total merchandised exports and ten-million people would be without their daily subsistence, Chamber of Mines CE Zoli Diliza tells Mining Weekly readers on page 12 of this edition. 

Anglo says Africa is now where China was in 70s, Liberia still silent on iron-ore 'disqualification', some cash-crunched miners taking royalty route

By: Martin Creamer     10th October 2008 Africa is now at the stage where China was in the seventies – ripe for investment and poised for attractive investment returns, says Anglo American South Africa head Kuseni Dlamini on page 22 of this edition of Mining Weekly. 

State Diamond Trader’s contract cut, hold-back plea on ‘green energy’ tax, tax-free capex-back mining incentive

By: Martin Creamer     3rd October 2008 South Africa’s troubled State Diamond Trader (SDT) was awaiting guidance from the Department of Minerals and Energy (DME), at the time of going to press, on the issue of the appointment of a new CEO, as past CEO Abbey Chikane is no longer with the organisation, after his contract came to an end... 

Liberia excludes South African bidder, concern over Charter review, DRC mine-rights deadline approaches

By: Martin Creamer     26th September 2008 Diversified South African exploration and mining company Delta Mining Consolidated (DMC) has been arbitrarily excluded from an iron-ore opportunity in Liberia for which it appeared to be the frontrunner. 

Don't hurt 'precious' mining industry, mining a poverty breaker in Africa, Anglo, Eskom sign power agreement

By: Martin Creamer     19th September 2008 South Africa’s mining sector is far too precious a national asset to have it jeopardised by investment community perceptions of uncertainty, duplicity and volatility during the upcoming review of the Mining Charter, says Chamber of Mines CE Zoli Diliza on page 12 of this edition of Mining Weekly. 

Bourse battles, bearish sentiment, but signs of resilience

By: Martin Creamer     12th September 2008 In these troubled financial times, one person’s threat more or less inevitably becomes another’s opportunity. There is little doubt, for instance, that resources exploration companies as well as mid-sized miners are taking strain - a point elaborated upon by African Lion Funds manager Tim... 

Replacement needs gold to be at $2 000/oz, Implats touches 50 000 Zimbabwean lives, Northam Platinum mulls alternative power

By: Martin Creamer     5th September 2008 A gold price of $2 000/oz-plus is required to replace Gold Fields’ infrastructure, says CEO Nick Holland. In announcing gold reserves of 82,8-million ounces, 80% of which are in South Africa, Holland says that the company’s mines cannot be replaced anywhere in the world at the current gold price. 

More coal burning than production, race to mine potash hots up, redemptions hitting mining stocks

By: Martin Creamer     29th August 2008 South Africa Is burning coal at a rate greater than production, says Keaton Energy CEO Paul Miller on page 18 of this edition of Mining Weekly. 

R9bn capital on coal expansion, gold tailings mountain to rescue, mine-truck satellite maintenance

By: Martin Creamer     22nd August 2008 The board of Exxaro Resources has approved a R9-billion capital expenditure to expand the Grootegeluk coal mine and plant to meet the demand for energy coal from Eskom’s new Medupi power station, which is under construction in South Africa’s Limpopo province. 

Eskom awards coal contract at Kusile, London Mining enters SA coal market, SA’s raw chrome ore exports ‘suicidal’

By: Martin Creamer     15th August 2008 State-owned power utility Eskom has signed a letter of intent with Anglo Coal South Africa to supply its new 4 818-MW Kusile coal-fired power station, formerly dubbed ‘Project Bravo’, with 17-million tons of coal a year over its 47-year life. 

Gold Fields mechanises South Deep, AngloGold sets sights on 6Moz, Randgold strikes gold in Senegal

By: Martin Creamer     8th August 2008 The geology of South Deep mine lends itself to the mechanised mining that is now under way there, says outgoing Gold Fields COO Terence Goodlace on page 4 of this edition of Mining Weekly. 

Botswana may mine uranium by 2010, licence to mine seafloor sought, Brazilians vow to be the top dogs

By: Martin Creamer     1st August 2008 The uranium is so close to surface at Letlhakane, in Botswana, that one could mine with a “broom and a shovel”, says Australian uranium explorer Dr Andrew Tunks on page 12 of this edition of Mining Weekly. 

Eskom may burn 140mt in coal shortfall, 'easy' electricity has 'spoiled' locals, Gold Fields eyeing five-million gold ounces

By: Martin Creamer     25th July 2008 Demand for primary energy at State-owned power utility Eskom has risen massively. The utility’s coal consumption rose to 125,3-million tons last financial year, from 119,1-million tons the previous year. Its rise in diesel consumption was gargantuan, from 11-million litres to 346-million litres. 

Seizing ‘unique’ African opportunity, rip-roaring rhodium’s rave review, Mozambique mining investment up

By: Martin Creamer     18th July 2008 A ‘unique’ opportunity is now at hand for Africa to create ‘lasting value’ out of the current global commodities boom. That is the message from Randgold Resources CEO Dr Mark Bristow, as reported on page 18 of this edition of Mining Weekly. 

Bulk commodities and logistics, raw materials and the steel price, near-mine socioeconomic uplift

By: Martin Creamer     11th July 2008 State freight logistics group Transnet says it is ready to make “any investment” into capacity to transport bulk mining commodities for which there is a business case and where it is confident that mined product will be available. 

IDC to list phosphates-miner, High Court rules on silicosis, new iron-ore pricing moves

By: Martin Creamer     4th July 2008 The State-owned Industrial Development Corporation (IDC) plans to list its majority-owned phosphates-mining concern and phosphoric acid producer, Foskor, on the JSE next year. 

New platinum project mulls smelter, latest on new Namibia uranium mine, preconcentration lowers power pull

By: Martin Creamer     27th June 2008 Emerging platinum producer Platmin will make a decision on building a smelter in 2009. Read on page 15 of this edition of Mining Weekly of the possibility of the company building the smelter on its own or in joint venture for the processing of the concentrate from its Pilanesberg platinum mine in... 

Mining companies and China, prices and sustainability, platinum and education

By: Martin Creamer     20th June 2008 South Africa ranks second as a Chinese mining investment destination, with five projects. Top of the list is the Democratic Republic of Congo, with six projects. Zambia also has five and Zimbabwe four. This is so while China sits on no less than $1,76-trillion in cash reserves, which are growing... 

Mine dump ownership debate, bacteria aid nickel recovery, coal firms and climate change

By: Martin Creamer     13th June 2008 South Africa’s mining industry and the Department of Minerals and Energy (DME) are at odds over a December ruling in the Bloemfontein High Court that the Mineral and Petroleum Resources Development Act (MPRDA), of 2002, does not apply to all of South Africa’s old mine dumps. 

Govt, mines sign water deal, miner polishes own gems, diamond junior on board

By: Martin Creamer     6th June 2008 The government and 23 mining companies have signed a water agreement that will unlock important platinum value in three years. Read on page 13 of this edition of Mining Weekly of the R40-billion mining companies intend investing and the R2,3-billion a year in wages going into the area as a result... 

New deepest gold mine in Sept, Dominion clawing its way back, another uranium trading arm

By: Martin Creamer     30th May 2008 AngloGold Ashanti’s Mponeng gold mine in Carletonville will become the world’s deepest in September when it goes below 3 777 m. A month later, Mponeng management will ask AngloGold Ashanti’s October board meeting to approve the new R9-billion Carbon Leader project, which has the... 

KwaZulu-Natal coal resurgence, mine royalty burden lightened, UN Global Compact signatories

By: Martin Creamer     23rd May 2008 Plans to further unlock the coal potential of northern KwaZulu-Natal have won the African National Congress’s (ANC’s) vocal support, if last week’s Miranda Mineral Holdings’ unveiling is anything to go by. Read on page 6 of this edition of Mining Weekly of the supportive... 

Some very encouraging news

By: Martin Creamer     16th May 2008 Nielsen Online, a service of The Nielsen Company, today reveals the fastest-growing South African websites over the last year and the most popular sites today. 

Anglo gets rights holus-bolus, 'unhedged' coal opportunity platinum jewellery hit hard

By: Martin Creamer     9th May 2008 In was not that long ago that government appeared to have placed Anglo American in the lowest rung of hell. But with CEO Cynthia Carroll at the helm, Minerals Minister Buyelwa Sonjica and even fiery unionist Senzeni Zokwana have elevated Anglo to the heavens. 

State capital changing mining, 'Enormously tight' platinum, Americans sue Harmony Gold

By: Martin Creamer     2nd May 2008 Sovereign wealth funds (SWFs) with “massive State capital behind them” are “ambitiously striking out” into mining investment from their domestic bases and “substantially” changing the rules of the mining consolidation game, says Anglo American CEO Cynthia... 

Mining Weekly relaunches website, new Rand Uanium plans to list, new Trans Kalahari rail line mooted

By: Martin Creamer     25th April 2008 Creamer Media has relaunched MiningWeekly.com to include a full-screen television option. “This is an exciting step for us,” says Creamer Media CEO Kenneth Creamer. “MiningWeekly.com represents the fulfilment of our vision to be a leading news media publisher that fully uses... 

More sea water for Namibian mines, price-hit Japanese resort to 5-ct gold, Pamodzi Gold upgrading Pres Steyn

By: Martin Creamer     18th April 2008 Namibian utility NamWater says that construction of a second water desalination plant to cater for increasing water demand for uranium mines will start in October. Read on page 4 of this edition of Mining Weekly of a second plant accommodating the water needs of ten-plus uranium mines. 

Chamber president on skills deficit, Wesizwe's self-generation caution, new ANC to 'push' mining 'harder'

By: Martin Creamer     11th April 2008 “The debate on how nations compete is one which South Africans need to pay a huge amount of attention to, because it’s how we will win or lose,” says Gordon Institute of Business Science’s Professor Nick Binedell. 

Coal bid winner must build power station, DRC 'clean' metals initiative backed, fifth uranium listing on Namibian exchange

By: Martin Creamer     4th April 2008 A sign of the times is that the successful bidder for Zambia’s largest coal producer, Maamba colliery, will be required to construct a 350-MW thermal power station, necessitated by the copper-mining boom causing an energy crisis. Read on page 17 of this edition of Mining Weekly of 30... 

Botswana & diamond beneficiation, cobalt price & new supply outlook, Australia Africa's top deal doer

By: Martin Creamer     28th March 2008 Botswana’s beneficiation plans are rolling out with a roar. The country is aiming to cut and polish $550-million worth of rough diamonds next year. 

Double tax hits diamond mine, commodity investing favoured, Barrick has $10bn gold plan

By: Martin Creamer     21st March 2008 The world’s largest diamond producer, De Beers, has raised concerns about paying double taxation to the State. It says that the third draft of the Royalty Bill would result in its Northern Cape-based Finsch diamond mine operating closer to marginality. 

Moore & carbon capture, new Kendal coal mine, power & megawatt ounces

By: Martin Creamer     14th March 2008 Carbon capture and storage (CCS), which coal-miners worldwide hope will guarantee a future for coal as an energy source, may not be viable, technically, economically, and in terms of liability. 

Diamonds & beneficiation, BEE & South Africa, clean coal & power stations

By: Martin Creamer     7th March 2008 New South African Diamonds and Precious Metals Regulator head Steve Phiri is calling for “fearless aggression” in Africa’s fight against global vested interests intent on thwarting local diamond beneficiation on what, he says, is still denigrated as the ‘Dark... 

ANC’s Mantashe hints at creation of State platinum enterprise

By: Martin Creamer     29th February 2008 Vocal newly elected secretary-general of the ruling African National Congress, Gwede Mantashe has called for the creation of yet more State-owned enterprises, especially in the mining sector, once the successor government to the current Thabo Mbeki-led administration is installed. At a Centre for... 

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