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ZIMBABWE: Zimbabwe embarks on ambitious mining plan to raise $12bn by 2023

  • Date: 14-10-19
  • Category: ZIMBABWE
  • Source: Business Live

With his country battling a severe foreign currency shortage and the worst economic meltdown in 10 years, President Emmerson Mnangagwa is looking to mining exports to salvage the economy.

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BATTERIES: Eramet, BASF and SUEZ partner to develop an innovative closed-loop process for the recycling of lithium-ion batteries, responding to the strong growth of the market in the coming years

  • Date: 14-10-19
  • Category: BATTERIES
  • Source: BASF

Ludwigshafen, Germany; Paris, France – The “Recycling Li-ion batteries for electric Vehicle” (ReLieVe) project, founded by Eramet, BASF and SUEZ, will receive a substantial funding of €4.7 million by EIT Raw Materials, a consortium initiated and funded by the European Union, and the three members. The objective is to develop an innovative closed-loop process to recycle lithium-ion batteries from electric vehicles and to enable the production of new lithium-ion batteries in Europe.

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JEWELLERY: Chinese Shoppers and Investors Are Losing Their Appetite for Gold

  • Date: 14-10-19
  • Category: JEWELLERY
  • Source: Bloomberg

China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.

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ELECTRIC VEHICLES: Itochu hikes stake in Chinese EV maker Singulato, report says

BEIJING -- Japan's Itochu Corp. has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors, lifting its stake to about 7 percent, with plans to increase the holding if the startup meets certain conditions, two people familiar with the matter said.

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PGM PRODUCERS: 'This cannot continue', says AMCU after another fatality at Sibanye-Stillwater

Another fatality has occurred at Sibanye-Stillwater's Thembelani shaft in Rustenburg, according to the Association of Mineworkers and Construction Union (AMCU).

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AUTO SALES: Record Slump in China’s Auto Market Continues in September

  • Date: 12-10-19
  • Category: AUTO SALES
  • Source: Bloomberg

Chinese auto sales fell in September for the 15th month in 16, extending their unprecedented slump despite government efforts to support the world’s largest car market.

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COBALT: Canada Cobalt makes strategic move in silver/cobalt heartland

  • Date: 11-10-19
  • Category: COBALT
  • Source: Mining Weekly

TSX-V-listed Canada Cobalt Works is making headway in becoming a vertically integrated leader in Canada’s silver/cobalt heartland with the acquisition of “strategic assets” from PolyMet Resources in the town of Cobalt.

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ESKOM: South Africa's Eskom challenges latest power tariff decision in court

  • Date: 11-10-19
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG, Oct 11 (Reuters) - South Africa’s struggling power utility Eskom said on Friday it was challenging in court the regulator’s latest tariff decision, a move it said was necessary to avert financial disaster.

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