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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

South Africans must work together on an accelerated economic recovery plan – Exxaro

13th August 2020 South Africans must work together on an accelerated economic recovery plan that focuses on inclusive growth and prosperity for all citizens, Exxaro Resources CEO Mxolisi Mgojo  said on Thursday. Speaking during the black-empowered resources company’s presentation of very strong dividend-yielding... 

Awesome new proudly South African face mask kindling international interest

13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

Exxaro pays dividend on 40%-higher half-year earnings

13th August 2020 Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... 

High-flying Barrick Gold opens up exploration front in Japan

11th August 2020 High-flying Barrick Gold has established a gold exploration joint-venture front in Japan. “Japan has opened up its mining and exploration legislation for the first time since the war,” Barrick Gold CEO Dr Mark Bristow told Mining Weekly on Tuesday. 

Uncertain when Milnerton oil refinery will come back on stream ­

11th August 2020 Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery – which with the Caltex brand now fall under... 

Mponeng transfer to Harmony expected soon – AngloGold

11th August 2020 The transfer of Mponeng gold mine to Harmony Gold is down to Department of Minerals Resources and Energy approval under legislation relating to mine transfer, according to outgoing AngloGold Ashanti CEO Kelvin Dushnisky. Answering analysts questions following the presentation of the company’s... 

Ferrochrome business remains solid, world still requires large amount of it – Glasenberg

11th August 2020 The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world. Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a large amount of it to China owing to South... 

Mine export values back but volumes need boosting – Minerals Council

10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. 

On-The-Air (07/08/2020)

7th August 2020 South Africa’s roads agency is gearing up to spend R30-billion on road development; Gold and platinum companies are flying sky high with free cash gushing into their coffers; and at half the price of gold, platinum is continuing to attract strong investor interest. 

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption

7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... 

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