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ZIMBABWE: Zimbabwe is eyeing a platinum-led revival. But miners see little chance

  • Date: 31-10-19
  • Category: ZIMBABWE
  • Source: Fin 24

Zimbabwe’s government is banking on a platinum-mining boom to help revive its collapsing economy. The world’s biggest platinum companies say it isn’t going to happen.

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PGM PRODUCERS: After a massive year for its investors, Implats reports decline in output

Implats saw a 2.4% decline in production, to 5.2m tonnes in the quarter to end-September, from 5.34m tonnes in the same period last year.

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AUTO NEWS: Fiat Chrysler, PSA confirm talks on potential tie-up

  • Date: 30-10-19
  • Category: AUTO NEWS
  • Source: Auto News Europe

MILAN/PARIS -- Fiat Chrysler Automobiles and PSA Group said they are in talks about a possible combination, in a potential deal that would reshape the global auto industry and create a European powerhouse to rival Volkswagen Group.

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ELECTRIC VEHICLES: China’s Electric Carmakers Battle for Survival After Subsidies Scaled Back

When Elon Musk’s Tesla Inc. delivered positive earnings few saw coming last quarter, China’s top electric carmakers were weathering a historical contraction in demand.

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FUEL CELLS: Hyundai Motor accelerates hydrogen technology development through 3 strategic investments

  • Date: 30-10-19
  • Category: FUEL CELLS
  • Source: Green Car Congress

Hyundai Motor Company announced key investments into three hydrogen companies—Impact Coatings, H2Pro and GRZ Technologies—to strengthen its leadership position in the global hydrogen fuel cell ecosystem.

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PGM PRODUCERS: Sibanye mulls over moving primary listing to New York

JOHANNESBURG – Sibanye Gold chief executive Neal Froneman is considering moving the South African miner’s primary listing to New York from 2021 after he curbs the company’s debt.

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SOUTH AFRICA: Eskom power plan; Rand fizzles; unemployment high; Sibanye eyes NY; scientists discover early man in Bots

The government issued its big plan to save Eskom, but the details were a disappointment for many hoping to see faster, firmer action. In particular, Eskom’s debt burden hasn’t been dealt with, worry analysts. As Bloomberg reports, the plan includes exposing Eskom to greater competition, lowering fuel costs, increasing renewable-energy output and selling non-core assets. A policy paper released by Public Enterprises Minister Pravin Gordhan envisions Eskom Holdings SOC Ltd. relinquishing its almos

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PGM PROJECTS: Zimbabwe PGM projects face “insurmountable obstacles”, say SA platinum producers

SOUTH African platinum group metals (PGMs) producers Sibanye-Stillwater and Impala Platinum (Implats) expressed scepticism Zimbabwe would be able to increase production of the metals as it plans because the obstacles to investment were “insurmountable”.

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