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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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ZIMBABWE: Zimbabwe receives uninterrupted Eskom power supply

  • Date: 11-12-19
  • Category: ZIMBABWE
  • Source: SABC

Zimbabwe says it is still receiving an uninterrupted power supply from Eskom despite increased load shedding in South Africa.

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EMISSIONS: Suppliers look to European Commission for leniency on CO2 targets

  • Date: 11-12-19
  • Category: EMISSIONS
  • Source: Auto News

Suppliers had hoped for a reduction of around 20 percent in CO2 emissions for 2030. Companies are pictured at a meeting of the European suppliers group CLEPA in Brussels last week.

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AUTO NEWS: 2020 Could be a Strange Year for Europe’s Car Market

  • Date: 11-12-19
  • Category: AUTO NEWS
  • Source: LMC Automotive

From a volume perspective, the fundamentals point to a 2020 car market little changed from 2019. But we are already starting to see seasonal distortion coming into play as a result of impending regulatory hurdles. As OEMs seek to reduce their new car fleet CO2 emissions levels from January next year, we anticipate (and already have anecdotal evidence of) OEM activity designed to move registrations of high CO2 emitting cars from 2020 into Q4 of 2019.

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