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SOUTH AFRICA: Ramaphosa mulls green energy plan to cut Eskom’s debt payments

South Africa’s President Cyril Ramaphosa is considering whether to back a proposal to improve troubled Eskom’s debt terms by closing polluting coal plants early to make way for renewable energy.

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AUTO SALES: Auto industry revises 2019 car sales forecast to -1%

  • Date: 27-06-19
  • Category: AUTO SALES
  • Source: ACEA

Brussels, 27 June 2019 – In the side-lines of its annual general meeting in Brussels today, the European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2019 passenger car registrations downwards to -1%.

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AUTO PRODUCTION: Ford to Cut 20% of European Workforce in Sweeping Overhaul

Ford Motor Co. will eliminate about 20% of its workforce across Europe in a sweeping overhaul that reflects the challenges facing carmakers in the region.

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DIESEL: BMW: Diesels to survive at least 20 more years, gasoline engines 30

  • Date: 27-06-19
  • Category: DIESEL
  • Source: Europe Auto News

MUNICH -- Despite being at the forefront of electrification, BMW will continue to invest heavily in internal combustion engines for the foreseeable future.

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HYDROGEN: Opening of the Gasunie 1MW Green Hydrogen Electrolyser Plant in the Netherlands

  • Date: 27-06-19
  • Category: HYDROGEN
  • Source: ITM Power

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the opening yesterday of Gasunie’s Hystock green hydrogen plant in Veendam near Groningen in the Netherlands. Gasunie manages and maintains the infrastructure for the large-scale transport and storage of gas in the Netherlands and the northern part of Germany.

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AUTO PRODUCTION: UK car output slumps for 12th month in a row

LONDON (Reuters) - British car production fell by 15.5% in May, the 12th month in a row of declines due to model changes and falling demand at home and abroad, an industry body said on Thursday.

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AUTO SALES: China's Vehicle Demand Forecast to Fall for Second Straight Year

  • Date: 27-06-19
  • Category: AUTO SALES
  • Source: Bloomberg

China’s vehicle demand is expected to decline for the second straight year, extending a historic slump as customers delay purchases amid trade tensions with the U.S., industry watchers said.

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PGM PROJECTS: Positive Preliminary Economic Assessment for the River Valley PGM Project, Sudbury, Ontario, Canada

  • Date: 27-06-19
  • Category: PGM PROJECTS
  • Source: New Age Metals

June 27th, 2019 Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to update our shareholders and interested parties as to the results of the initial Preliminary Economic Assessment (PEA) for the company’s 100% owned River Valley PGM Project in Sudbury, Ontario Canada. The PEA has been developed by various independent consultants – P&E Mining Consultants Inc. (P&E) was responsible for the open pit mining...

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