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AUTO SALES: China auto sales set for third year of decline -industry association

  • Date: 12-12-19
  • Category: AUTO SALES
  • Source: Investing

BEIJING/SHANGHAI (Reuters) - China's auto market, the world's biggest, is set for a third year of contraction with a 2% decline in sales next year, hit by a weaker economy and U.S.-China trade tensions, the country's top auto industry body said on Thursday.

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AUTO PRODUCTION: Volvo CEO outlines strategy to electrify lineup, become climate neutral

Volvo Cars CEO Hakan Samuelsson has set ambitious goals for the automaker. He wants half of Volvo's global sales to come from full-electric cars by 2025 and the other half should be hybrids. He also wants the company to become climate neutral by 2040 and to get there it must reduce its life cycle carbon footprint by 40 percent per car by the middle of the next decade. Samuelsson explained how Volvo aims to achieve these goals in an interview with Automotive News Europe Managing Editor Douglas A.

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SOUTH AFRICA: Minerals Council urges Govt. to allow private money help re-wire SA’s energy sector

SOUTH Africa’s mining industry has called on Government for a mindset overhaul in respect of the country’s electricity supply, saying that load-shedding was tantamount to an industrial policy decision to “downscale the … sector”.

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PGM PROJECTS: Platinum Group upsizes financing to US$4 million

  • Date: 12-12-19
  • Category: PGM PROJECTS
  • Source: Resource World

Platinum Group Metals Ltd. [PTM-TSX, PLG-NYSE American] said Thursday it is upsizing a previously announced non-brokered private placement financing, with the intention of raising US$4 million for its Waterberg Project in South Africa.

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ESKOM: Eskom wants emission exemptions

  • Date: 12-12-19
  • Category: ESKOM
  • Source: Mining Weekly

Eskom Holdings, South Africa’s biggest polluter, has asked for additional emission exemptions at two of its biggest plants, a request that will increase environmental protests against the State-owned utility at a time when it’s already being slammed for rolling power cuts.

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ELECTRIC VEHICLES: Ferrari CEO pushes back expectations on EV until after 2025

MARANELLO, Italy -- Ferrari will not have its first full-electric model ready until after 2025 because the battery technology requires more development, CEO Louis Camilleri said, pushing back expectations.

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SOUTH AFRICA: South African Mining Revival Threatened by Power Cuts

When South Africa’s state-owned utility announced record power cuts on Monday afternoon, Impala Platinum Holdings Ltd. had two hours to hoist thousands of workers from 1 kilometer (0.6 miles) deep shafts.

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ESKOM: South Africa's Eskom aims to stabilise grid by end of March after blackouts: president

  • Date: 11-12-19
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG (Reuters) - State utility Eskom will work to stabilise the power grid by the end of March following South Africa’s most severe blackouts in a decade, President Cyril Ramaphosa said on Wednesday.

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