R/€ = 16.14 Change: -0.12
R/$ = 14.45 Change: -0.14
Au 1321.00 $/oz Change: -2.20
Pt 1074.00 $/oz Change: -4.50

Martin Creamer

Martin Creamer

Martin Creamer is Creamer Media Publishing Editor of Engineering News and Mining Weekly.

Tel: +2711 622 3744


DRDGold dividend given fivefold uplift

30th August 2016 Dump retreatment company DRDGold on Tuesday announced a five-fold dividend increase for the year to June 30. The final dividend of 12c a share took the total declared dividend for this financial year to 62c a share, which is more than five times the 10c a share of last year. 

Platinum industry not mining anywhere near forecast demand – Northam

29th August 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Nine-million ounces is a large number relative to primary mine production out of Southern... 

Chrome output becoming ‘strategic’ for Northam Platinum

29th August 2016 Chrome ore is becoming increasingly strategic for platinum mining company Northam Platinum. The Johannesburg Stock Exchange-listed company, which produced 45.1% more chrome in the 12 months to June 30 than the prior year, expects to be producing at a rate of one-million tonnes of chrome ore a... 

Northam investing R5.5bn in platinum growth projects

26th August 2016 Platinum mining company Northam on Friday elaborated on the company’s suite of four growth projects timed to fill an expected future demand pull unmet by constrained future South African platinum supply. The Johannesburg Stock Exchange- (JSE-) listed company, headed by CEO Paul Dunne, expects the... 

On-The-Air (26/08/2016)

26th August 2016 Every Friday morning, SAfm’s AMLive’s radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly.  Reported here is this Friday’s At the Coalface transcript: Kamwendo: Gold Mining is not investing in enough in itself to sustain the industry in... 

Safety dominates Sibanye results presentation as 125% profit surge takes back seat

25th August 2016 Top performing precious-metals mining company Sibanye Gold, dismayed by an uncharacteristic spate of mineworker fatalities, began its presentation of high-cash results for the half-year with a safety moment as a mark of its determination to up its safety performance. The 125% surge in profits in... 

Sibanye Gold declares R785m dividend

25th August 2016 Johannesburg- and New York-listed precious metals mining company Sibanye Gold on Thursday reported strong financial results for the six months ended June 30, driven mainly by a higher rand gold price and underpinned by solid production from both the gold and platinum divisions. Sibanye's... 

Tightening supply should bode well for commodity prices – Glencore

24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Entrepreneurs pursuing gold dump projects, ‘pennyweight’ opportunities at depth

23rd August 2016 Fresh from developing seven superb gold projects in Africa, mining project company DRA is excited about new gold project opportunities opening up in South Africa, where its sees much potential in gold tailings retreatment and also in underground gold deposits that are still rated in the... 

Gold mining not spending enough to sustain industry into future – Holland

22nd August 2016 The gold mining industry is not spending enough to sustain the industry into the future. Slowed primary gold supply growth is making a case for the belief that the industry may be close to hitting a peak in production amid slower exploration spend and a virtual halt to new projects. 

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