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PGM PROJECTS: PolyMet permit reversal is disappointing

  • Date: 13-01-20
  • Category: PGM PROJECTS
  • Source: Duluth News Tribune

After 15 long and trying years of scientific study, environmental safeguarding, exhaustive public review, and more — all in accordance with state law — PolyMet, understandably, was “disappointed” this week after the Minnesota Court of Appeals stripped away key permits it needs to open Minnesota’s first copper-nickel mine.

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ESKOM: Eskom Chairman Resigns as South Africa Blackouts Resume

  • Date: 11-01-20
  • Category: ESKOM
  • Source: Bloomberg

The chairman of Eskom Holdings SOC Ltd. resigned from his post after the South African power utility resumed rolling blackouts earlier than expected in 2020.

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PGM PRODUCERS: Tharisa: PGMs recovered at 82.2% with production of 34.4 koz

Tharisa CEO Phoevos Pouroulis says: “A solid operational performance from mining and processing lead to a stable quarter despite the adverse impact of weather, and the well-publicised Eskom power shortages,”

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RHODIUM: Rhodium price rises 32% in first few days of this year

  • Date: 10-01-20
  • Category: RHODIUM
  • Source: Mining Weekly

Platinum-group metal (PGM) rhodium recently “astounded” the global market by reaching $8 200/oz on January 8, before pulling back slightly, marking a 32% rise in the first few days of this year, and a 225% rise year-on-year, Afriforesight precious metals and related commodities head Jason Welz has said.

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SOUTH AFRICA: Northam leads the way as palladium helps SA shares continue fine form of 2019

SOUTH Africa’s platinum shares have sustained the form that took them to a 200% gain in 2019 as the price of palladium reached a new all-time high, said Bloomberg News.

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AUTO SALES: World’s Largest Car Market Reports Second Straight Annual Decline

  • Date: 09-01-20
  • Category: AUTO SALES
  • Source: Bloomberg

Car sales in China continued to fall in December, capping a second straight annual drop, though a slowing pace of declines suggests the world’s biggest market may be close to a bottom.

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AUTO SALES: New CO2 rules cloud 2020 European sales outlook

  • Date: 09-01-20
  • Category: AUTO SALES
  • Source: Auto News

Peugeot CEO Jean-Philippe Imparato: “If you are not ready now in terms of product, production and stock management, you will be dead in January."

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PGM PROJECTS: Mining industry hopes NEPA rules net faster permits

President Trump yesterday took his biggest step yet to fix priority No. 1 for the mining industry. The White House Council on Environmental Quality issued proposed rules that would dramatically accelerate National Environmental Policy Act reviews for mines and land leases, like the Twin Metals copper-nickel mine in northeastern Minnesota and applications for hundreds of millions of tons of coal in the Powder River Basin of Wyoming and Montana (Greenwire, Jan. 9).

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