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

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

 
Aug 25, 2015
China will continue to grow at 7% this year, BHP Billiton CEO Andrew Mackenzie said on Tuesday, when the mining giant posted a solid set of dividend-paying results. Mackenzie, who rejected the notion that China was “impossible to read”, expected the second half of...
Aug 24, 2015
New diversified mining company South32, which on Monday reported 56%-higher underlying earnings of $1-billion, sees an opportunity to work with Eskom on additional coal supply.   The demerged BHP Billiton entity, which is fast-tracking the implementation of its...
Aug 21, 2015
South Africans once mighty gold mining companies are preparing for worst-case scenarios. A major effort is being made to get cargo off the roads and back on to rail using a new app. The full weight of legislation is being thrown behind South Africa’s new...
Aug 19, 2015
It was important that the Optimum Coal issue was resolved well so that the coal-mining company could become operational once more, Glencore CEO Ivan Glasenberg said on Wednesday. Responding to media questions after the mining and marketing company’s presentation of...
Aug 19, 2015
Diversified marketing and mining major Glencore on Wednesday reported 29% lower first-half (H1) earnings of $4.6-billion on weaker commodity prices. The board of the London-, Hong Kong- and Johannesburg-listed company declared an interim dividend of $0.6 a share,...
Aug 17, 2015
AngloGold Ashanti is harvesting short-life gold mines for cash and will do so with more mines if the gold price falls below $1 000/oz, CEO Srinivasan (Venkat) Venkatakrishnan said on Monday. “As an industry, we’re going through pretty rough times but the rougher it...
Aug 17, 2015
Gold mining major AngloGold Ashanti generated $71-million of free cash flow in the second quarter (Q2) with production and costs beating guidance on strong performance from its international mines and a recovery in its South African operations. The company, headed by...
Aug 14, 2015
The World Gold Council is optimistic that there will be an increase in demand for physical gold in the second half (H2) of this year, when it expects a seasonal demand increase in India and gold’s lower price to feed through into stronger consumer demand. Against...
Aug 14, 2015
Optimum Coal’s plunge into business rescue could result in hundreds of megawatts of power being lost. Eskom has unveiled a new coal-sourcing strategy, which puts an end to the old cost-plus arrangement. The demand for gold is expected to be well up in the...
Aug 13, 2015
The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue proceedings...
 
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