PGM News: 13/06/2018

AUTO SALES: China: in the first five months of the year, sales of new-energy vehicles rose 143% to 328,000 units,

New vehicle sales in China increased by 9.6% to 2.3m in May, compared with flat sales of just under 2.1m units a year earlier, according to data released by the China Association of Automobile Manufacturers (CAAM).

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Source: https://www.just-auto.com

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EXPLORATION: 2018 Abitibi IP Geophysics Report Completed, Exploration Program Initiated River Valley Platinum Group Metals Project, Sudbury Ontario

June 13th, 2018 Rockport, Canada – New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that the Abitibi geophysical report for the River Valley Project is complete. All past and present geophysical reports are being reviewed by Alan King, the company’s Sudbury based Geophysical Consultant, and Mr. King’s objective is to work with NAM’s technical team to recommend a two phase drill program for the Northern portion of the River Valley Project based on several large new anomalies which appear to be adjacent to our existing mineralization.

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Source: http://newagemetals.com

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PRODUCERS: Tharisa expands its presence in Zim with acquisition of Karo stake

JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power generation capacity for the operations.

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Source:  http://www.researchchannel.co.za

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FUEL CELLS: Ford says fuel cell venture with Daimler will close

DETROIT -- Ford Motor Co. and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house.

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Source: http://www.autonews.com

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PROJECTS: Russian federal agencies give go-ahead for second Eurasia Mining project

Aim-listed platinum group metals (PGM) and gold miner Eurasia Mining has received approval from the Russian Federal Securities Board and the Ministry of Defence for  its Monchetundra project, in the Kola Peninsula.

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Source: http://www.researchchannel.co.za

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