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PGM PRODUCERS: Northam raises R500m for Eland development

  • Date: 13-12-19
  • Category: PGM PRODUCERS
  • Source: Engineering News

Platinum group metals miner Northam Platinum has completed a private placement of senior, unsecured, floating rate domestic medium-term notes to the value of R500-million.

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SOUTH AFRICA: Eskom terminates load shedding but trouble looms in January 2020

  • Date: 13-12-19
  • Category: SOUTH AFRICA
  • Source: The South African

South Africans can finally breathe a brief a slight sigh of relief, following weeks of electrical disruptions resulting directly from the national power supplier’s dismal operational incapacity. While the country was warned of Eskom’s rickety summer power plan as early as September, the reality of protracted powerlessness proved more daunting and damaging than could’ve been imagined.

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ELECTRIC VEHICLES: US states develop action plan to electrify trucks & buses

California is joining with seven other US American states to develop an action plan to put “hundreds of thousands” more emissions-free trucks and buses on roads and highways. The California Air Resources Board announced the initiative.

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ELECTRIC VEHICLES: Europe Gains Ground in Global Race to Sell Electric Cars

Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.

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FUEL CELLS: How fuel cells will affect the automotive landscape

  • Date: 12-12-19
  • Category: FUEL CELLS
  • Source: Auto News

The transportation sector is one of the most prominent contributors toward emissions. In this scenario, the usage of fuel cells has become very prominent. These cells have high efficiency and their dependability as an alternative fuel across transport applications has increased in recent years. The presence of a supportive regulatory spectrum is also responsible for the rise in demand for these cells.

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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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