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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

China’s private investor gold surge seen as strong signal

10th May 2017 The 30% rise in China’s private investor gold demand in the first three months of this year is seen as “a very strong signal” by World Gold Council member and market relations head John Mulligan, who views this market as being one of good potential ongoing growth. The rise by China’s private... 

Palladium set to overtake platinum – GFMS

9th May 2017 The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017. The price gap between platinum and palladium – which averaged just over $1 000/oz between 2007 and 2012 –... 

Million-ounce-plus gold output well in reach – Harmony

9th May 2017 Gold-mining company Harmony Gold said on Tuesday that its forecast of 1.05-million-ounce production in the 12 months to the end of June is “well in reach”. In recent months, Harmony has lost production at its Kusasalethu gold mine in Carletonville owing to unprotected strikes. 

Mponeng being set up as new, cheap, ultra-deep mine – AngloGold

8th May 2017 The global gold mining industry has reached a point where companies either need to reinvest to bolster their portfolios or turn to mergers and acquisitions, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Monday, when he made it clear that AngloGold is firmly in the reinvestment... 

AngloGold sets new safety record, maintains guidance

8th May 2017 Gold mining company AngloGold Ashanti has achieved its first ever March quarter without a fatal accident, the company said on Monday when it reported production of 830 000 oz at an average total cash cost of $813/oz for the three months to March 31. The Johannesburg- and New York-listed operator... 

Precipitous platinum price plunge putting industry at risk

5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

On-The-Air (05/05/2017)

5th May 2017 The plunge of the platinum price to below $900/oz is putting the entire platinum industry at risk; The forecast fall in the iron-ore price to below $50/t will deal a heavy blow to South Africa’s iron-ore miners; and Researchers have come up with a new lightweight material that is ten times... 

Randgold’s best first quarter in five years – Bristow

4th May 2017 Gold mining company Randgold Resources has recorded substantially higher profit in the three months to March than in the corresponding first-quarter period last year. “This is probably the best quarter-one we’ve had for five years,” Randgold Resources CEO Dr Mark Bristow told Mining Weekly Online... 

Gold demand 18% down – World Gold Council

4th May 2017 Global gold demand has fallen 18% in the first three months of 2017 compared with the first quarter of 2016, the World Gold Council reported on Thursday. In tonnage terms, demand in the period was down 228.3 t, tumbling from 1 262.8 t in the first quarter of last year to 1 034.5 t in the... 

Positive prices buoying ferrochrome business – Merafe

3rd May 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... 

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