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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

Glencore shares rise as Rosneft deal wins analyst thumbs-up

8th December 2016 The share price of diversified mining and marketing company Glencore rose in Johannesburg on the news that the company is in final-stage negotiations to buy 19.5% of Russia’s privatised oil company Rosneft for $11-billion together with the Qatar Investment Authority, which is Glencore’s largest... 

Platinum fuel cell passes competitive muster at Implats

7th December 2016 Impala Platinum Refinery and its partners are in the last phase of financial close for the introduction of 8 MW of off-grid electricity from a platinum-catalysed fuel-cell system that will make use of natural gas from the Sasol grid. “We expect to get close and first flow of funds by March, with... 

Aveng wins Gamsberg zinc mining contract

6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Glencore producing zinc at minus cost

5th December 2016 Diversified mining and marketing company Glencore is producing zinc at negative cost. Towards the end of this year it has been doing so at -3c/lb and next year it expects to do so at an even better -14c/lb, supported by healthy lead by-product credits. 

Glencore sees nickel shortage as electric vehicle demand burgeons

2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

On-The-Air (02/12/2016)

2nd December 2016 Patrice Motsepe’s new bank is helping to fund a brand new mine being built in the Western Cape. The platinum price has plunged so low that many platinum mines have fallen into the red; and a top-level discussion on fuel cells to is due to take place at the CSIR next Friday. 

Diligent Glencore delivers on debt promise, restarts dividend

1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

Platinum supply under extreme pressure – Dunne

29th November 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%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

Discredited DMR making ill-considered demands on struggling industry

25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

On-The-Air (25/11/2016)

25th November 2016 Gold worth hundreds of millions of rands is being recovered on the East Rand from mine throw-aways like woodchips and grease; The once-mighty Anglo American mining company, which is already a shadow of its former self, is intent on becoming even smaller; and Business and labour need to combine to... 

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