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WAGE NEGOTIATIONS: AMCU: workers may back pay offer

The Association of Mineworkers and Construction Union, South Africa‘s largest platinum mining labour union, said it may conclude a wage deal with producers as early as next week if “minor” outstanding issues can be resolved.

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ELECTRIC VEHICLES: China Considers Cutting Electric-Car Subsidies Again

China is considering further cuts to subsidies for electric-vehicle purchases, according to people familiar with the matter, threatening to deal another blow to a once-burgeoning industry that’s facing an unprecedented slump.

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AUTO SALES: China Car Sales Keep Falling as Peak Season Fails to Deliver

  • Date: 08-11-19
  • Category: AUTO SALES
  • Source: Bloomberg

China’s car-market gloom continued in October as the traditional post-holiday demand peak failed to materialize, leaving automakers with few easy answers to attract buyers back to showrooms.

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PGM PROJECTS: Ivanhoe Mines Issues Third Quarter Financial Results and Review of Mine Development and Exploration Activities

  • Date: 08-11-19
  • Category: PGM PROJECTS
  • Source: Junior Mining Network

TORONTO, CANADA ‒ Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) today announced its financial results for the quarter ended September 30, 2019. All figures are in U.S. dollars unless otherwise stated.

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ESKOM: Eskom starts stage 2 loadshedding

  • Date: 08-11-19
  • Category: ESKOM
  • Source: Fin 24

Eskom suddenly announced on Thursday evening that it will implement stage 2 loadshedding from 22:00 this evening until 05:00 on Friday morning.

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AUTO PRODUCTION: Ford and Webasto unveil ultra-high-performance battery electric Mustang fastback prototype

At SEMA, Ford and Webasto revealed Mustang Lithium, an ultra-high-performance battery electric Mustang fastback prototype. With more than 1,000 ft-lbs of torque and more than 900 hp instantaneously available, this Mustang amps muscle car performance to a new level and helps gauge the level of interest the next wave of performance customers have in lightning-quick performance that only fully electric powertrains can deliver.

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BATTERY RECYCLING: E-waste company opens battery recycling plants in Singapore and France

TES issued a press release announcing the new facilities that is light on detail but claimed the plants would position it as ‘a leader’ in battery recycling. The company also announced an intent to move into the reuse of spent electric vehicle batteries in commercial and residential applications.

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PGM PRODUCERS: North American Palladium reports record revenue

THUNDER BAY — Barely a month before shareholders will vote on a proposed takeover of the company, North American Palladium is reporting the highest quarterly revenue in its history.

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