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AUTO SALES: Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes

  • Date: 18-10-19
  • Category: AUTO SALES
  • Source: Bloomberg

Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand.

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AUTO PRODUCTION: Tesla gets approval to start manufacturing in China

SHANGHAI (Reuters) - Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.

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ESKOM: Tariffs could rise materially in 2020 should Eskom prevail in court bid for urgent relief

  • Date: 17-10-19
  • Category: ESKOM
  • Source: Engineering News

State-owned electricity utility Eskom’s decision to approach the courts for urgent relief in the form of a reversal of the Energy Regulator’s controversial March 7 decision to offset a government equity injection of R69-billion through a lowering of the utility’s return on assets could result in a material increases in electricity tariffs in the coming two years.

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ESKOM: South Africa endures second day of power cuts as Eskom generators still out

  • Date: 17-10-19
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG (Reuters) - South Africa was hit by power cuts for a second day on Thursday as state utility Eskom said a number of generating units were still out of service and some would not be back up and running for a few days.

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PGM PROJECTS: Tharisa Has Right to All of $4.2 Billion Zimbabwe Platinum Mine

Tharisa Plc, the publicly traded South African platinum and chrome miner run by the Pouroulis family, has the right to take over a platinum mine project in Zimbabwe that could ultimately cost $4.2 billion.

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PGM PROJECTS: Ivanhoe looks to 'unlock value' from Platreef basket

  • Date: 17-10-19
  • Category: PGM PROJECTS
  • Source: Mining Journal

Palladium's price run to record levels and elevated global nickel and PGM corporate interest has Ivanhoe Mines considering "a number of options that can help us unlock Platreef's incredible value for the benefit of all of Ivanhoe's stakeholders", co-chairman Robert Friedland has said.

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PGM PRODUCERS: Life’s good for Implats

Cash generation is so strong at Impala Platinum (Implats) that the company may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on 7 October.

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ELECTRIC VEHICLES: Ford is challenging Tesla by trying to calm one of the biggest fears people have about electric vehicles

Ford announced on Thursday that it is giving electric-vehicle customers two years of free access to over 12,000 charging stations in North America with over 35,000 plugs.

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