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PGM PROJECTS: Mnangagwa ally swoops on US$500m platinum project

Commodities baron Kudakwashe Tagwirei's Landela Mining Ventures has emerged as the new joint venture partner in the Russian-led Darwendale platinum mine project, which has also roped in former Impala Platinum chief executive David Brown.

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PGM PROJECTS: Construction of Darwendale platinum project to commence in 2020

  • Date: 25-10-19
  • Category: PGM PROJECTS
  • Source: Construction Review

The Darwendale project will be implemented in three phases and is expected to produce 860,000 ounces of PGM and gold per year at full capacity.

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PGM PRODUCERS: Sibanye secures new R5bn loan facility

  • Date: 25-10-19
  • Category: PGM PRODUCERS
  • Source: Engineering News

NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15.

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WAGE NEGOTIATIONS: Sibanye CEO sees wage strike unlikely at platinum mines

JOHANNESBURG – Platinum-mining workers are unlikely to embark on a strike as a result of the current round of wage negotiations, Sibanye Gold CEO Neal Froneman said in an interview at Bloomberg’s Johannesburg office.

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ESKOM: Your electricity bill will double in two years, says expert

  • Date: 25-10-19
  • Category: ESKOM
  • Source: Sowetan Live

Should Eskom win a court battle against the National Energy Regulator of SA (Nersa), South Africans face the prospect of paying double within two years for electricity.

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PGM PRODUCERS: Inflow of cash brings Implats the benefit of options, and some difficult choices

CASH generation is so strong at Impala Platinum (Implats) that it may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on October 7.

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PGM PRODUCERS: Sibanye-Stillwater returns to balance sheet again with R5.5bn RCF refinancing

SIBANYE-Stillwater returned to its balance sheet once again refinancing its existing R6bn revolving credit facility (RCF) with a new rand denominated agreement that allows it access to more money if it needs it.

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BATTERIES: Umicore enters strategic supply agreement with Samsung SDI

  • Date: 25-10-19
  • Category: BATTERIES
  • Source: Evertiq

Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020.

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