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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

Premium prices being paid for Kumba’s quality iron-ore

24th July 2018 China’s flight to quality iron-ore is benefiting South Africa’s Kumba Iron Ore, which is receiving strong price premiums for high-grade ore.  Two thirds of Kumba ore is lump ore compared with the third or less of its main competitors. 

Logistics-hit but resilient Kumba declares dividend from cash pile

24th July 2018 Iron-ore mining and marketing company Kumba Iron Ore on Tuesday reported a resilient financial performance despite logistics and export market conditions that resulted in 24% earnings fall to R7-billion compared with the first six months of last year. Attributable free cash flow of R2.8-billion... 

Anglo Platinum taking steps to reverse unjustified investor bearishness

23rd July 2018 Platinum group metals (PGMs) mining, refining and marketing company Anglo American Platinum (Amplats), which on Monday delivered an outstanding set of dividend-yielding financial results for the six months to June 30, is taking steps to reverse unjustified investor bearishness. After the company... 

Investor bearishness on platinum needs to be turned around ­– CPM

23rd July 2018 There are two things that have to happen to boost platinum. One is that there will have to be ultimately further reductions in South African platinum production which is likely to happen over the next three to five years. But the bigger aspect that needs to happen more immediately is there has to... 

R2.6bn boost for platinum demand

17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

New mining fund raising R750m to co-finance ancillary mine projects

16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

On-The-Air (13/07/2018)

13th July 2018 Platinum jewellery sales are heading for a very good year, the global platinum promoter, Platinum Guild International, reported this week. The World Platinum Investment Corporation this week launched a range of platinum investment products in China to boost South Africa’s struggling platinum... 

Fatality-free Pan African sparkles on lower-cost, longer-life prospects

12th July 2018 Pan African has repositioned itself as a lower-cost, longer-life gold mining company that is guiding production of 170 000 oz of gold in the 12 months to June 30 next year. The Aim- and JSE-listed company saw its Barberton Mines commendably achieve a million fatality-free shifts and help the... 

Platinum jewellery heading for good year – PGI

9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

On-The-Air (06/07/2018)

6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

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