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SOUTH AFRICA: Tax boost to government as mineral prices soar

Rocketing platinum group metal (PGM) prices, especially palladium, is good news for the government as well as for shareholders of the companies that produce them.

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ESKOM: Eskom CEO appoints board for planned division into 3 units

  • Date: 31-01-20
  • Category: ESKOM
  • Source: Nasdaq

JOHANNESBURG, Jan 31 (Reuters) - Eskom's new chief executive said on Friday he was in the process of appointing boards for the planned break-up of South Africa's state power utility into separate units for generation, transmission and distribution.

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PGM PRODUCERS: Mining Veteran’s $2.2 Billion Palladium Bet to Pay Dividends

When dealmaker Neal Froneman acquired Stillwater Mining Co. three years ago, critics lined up to say he had overpaid for the palladium producer. Now, his $2.2 billion bet on the metal is set to pay off for Sibanye Gold Ltd. investors. 

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PGM PRODUCERS: Sylvania Platinum quarterly profit falls amid power, water shortages

Sylvania Platinum said its net profit fell 11% in the second quarter compared to the first, amid a fall in output pinned on power and water shortages.

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ELECTRIC VEHICLES: Hyundai aims to be Europe's top EV producer

Hyundai aims to be the biggest producer of electric cars in Europe this year after launching output of a battery-powered version of the Kona at its Czech Republic plant.

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INVESTMENT: Putting commodities ETFs into perspective

  • Date: 30-01-20
  • Category: INVESTMENT
  • Source: Visual Capitalist

In recent years, the universe of exchange-traded funds (ETFs has been rapidly expanding to include almost every asset class, sector, and investment goal imaginable.

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AUTO PRODUCTION: Tumble in UK car output 'a grave concern', says trade body

UK car production sank to its lowest in almost a decade in 2019, with output forecast to continue falling this year.

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FERROCHROME: End of the road for Merafe Resources?

  • Date: 30-01-20
  • Category: FERROCHROME
  • Source: Business Live

In a dark portent for SA’s ferrochrome industry, the Glencore-Merafe Chrome Venture is restructuring, and could cut up to 665 jobs at its Rustenburg smelter, which is suffering "material financial losses".

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