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ESKOM: Eskom Gets Rescue Option as PIC Proposes Debt-Equity Swap

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Yahoo

(Bloomberg) -- A proposal by the biggest owner of Eskom Holdings SOC Ltd.’s debt to convert its $6.4 billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.

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FUEL CELLS: Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo

  • Date: 11-07-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air.

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WAGE NEGOTIATIONS: Platinum mining companies prepare to respond to union demands

The first week of long-anticipated negotiations between platinum mining companies and the respective unions have begun with mining companies to respond to tabled demands next week - the quiet before the storm.

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PGM PRODUCERS: Tharisa reports improved production for last quarter

DURBAN – Intergrated resource group Tharisa is set to end the year in a strong position after it reported improved production update for the quarter to end June.

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ESKOM: South Africa to Announce Eskom-Funding Plan This Month

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s Treasury will unveil plans later this month to provide more financial support to state-owned power utility Eskom SOC Holdings Ltd.

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AUTO SALES: Gloom in China's Car Market to Persist

  • Date: 10-07-19
  • Category: AUTO SALES
  • Source: Bloomberg Quint

(Bloomberg) -- The historic slump in China’s car demand is set to persist, with dealers showing no signs of boosting orders from manufacturers as economic woes and stricter emissions rules keep consumers away.

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WAGE NEGOTIATIONS: Lesson from Marikana: The other side of above-inflation pay rises

Mounting debt levels among mine workers are seen as a key factor behind sky-high wage demands and tensions on the Platinum Belt. Unpublished data regarding Lonmin presents a more nuanced picture. For several years before debt levels started spiking, Lonmin’s lowest-paid workers got above-inflation pay hikes, which rendered them able to consume on credit.

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EMISSIONS: Emissions rules and electrification will spur engine consolidation

  • Date: 10-07-19
  • Category: EMISSIONS
  • Source: Europe Auto News

A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

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