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Terence Creamer

Terence Creamer

Terence Creamer is the Editor of Engineering News and a Deputy Editor for Mining Weekly.

He also has editorial responsibility for Polity.org.za and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Sasol set to spend a record R15bn on projects in 2005

8th September 2004 Petrochemicals group Sasol confirmed yesterday that it is likely to move towards the upper limit of its self-imposed gearing range of 50% as it prepares to spend a record R15-billion on capital projects in its 2005 financial year. 

Sasol-Eyesizwe clarity by mid-2005

8th September 2004 A due diligence exercise by petrochemicals company Sasol and coal-miner Eyesizwe to assess the viability of a permanent coal-mining partnership between the two entities should be completed this year and a final assessment how best to proceed will be made by June next year. 

Oil, administered prices worry Mboweni

7th September 2004 Reserve Bank Governor Tito Mboweni remains concerned that South Africa's inflation effort could be undermined by rising oil and administered prices. 

Turning the public-investment tide

3rd September 2004 The South African government’s decision to position its State-owned enterprises (SoEs) for growth-supportive investment, rather than privatisation, is a central element of its new emphasis to radically increase the level of public investment. 

Hint of a possible LNM-MacSteel link-up

3rd September 2004 The head of South Africa’s leading steel producer, Ispat Iscor, pricked the ears of the entire industry recently when he hinted to a possible link-up between MacSteel International and Lakshmi Mittal’s LNM Group. 

Steel group pursues value-addition projects

3rd September 2004 Beyond seeking about a million tons additional output from its existing operations, steel group Ispat Iscor has revealed that it will be pursuing a host of value-addition projects in the coming months as well as further backward-integration, particularly in the area of coal. 

The mathematics of iron-ore

3rd September 2004 Serious efforts are being made to narrow the gap between the export desires of South Africa’s iron-ore miners and the capacity of the country’s railway and harbour infrastructure. 

Showdown today over Unitrans-Mvela deal

3rd September 2004 Construction and engineering group Murray & Roberts - which yesterday revealed that it had accepted an offer, subject to a pre-emptive, for its 44% stake in Unitrans - has confirmed that it has lodged a complaint with the Securities Regulatory Panel (SRP) over what it sees as frustrating action... 

946 jobs on the line at Spoornet

3rd September 2004 State-owned rail utility Spoornet announced yesterday that it could cut some 946 jobs in the next two months, but that it would enter into a process with its trade unions in a bid to avoid forced retrenchments. 

SRP to hear Unitrans complaint on Friday

2nd September 2004 The Securities Regulatory Panel (SRP) will convene on Friday to hear a complaint involving the recently-announced empowerment transaction involving Unitrans and Mvelaphanda Capital. 

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