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ESKOM: South Africa's Eskom resumes power cuts after Medupi fault

  • Date: 04-01-20
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG (Reuters) - South Africa’s struggling state electricity firm Eskom said on Saturday it would cut up to 2,000 megawatts (MW) of power from the national grid overnight, after a conveyor belt failure at its Medupi coal-fired power station.

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ESKOM: Load shedding now looks inevitable next week, with Eskom’s breakdowns worse than in early December

  • Date: 03-01-20
  • Category: ESKOM
  • Source: Business Insider

Load shedding - which has been described as the biggest threat to South Africa’s ailing economy - is set to be resumed next week if generator breakdowns continue at present levels. Load shedding - which has been described as the biggest threat to South Africa’s ailing economy - is set to be resumed next week if generator breakdowns continue at present levels.

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PGM PROJECTS: Noront Announces Issuance of Shares

  • Date: 03-01-20
  • Category: PGM PROJECTS
  • Source: Dodson Digest

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is announcing that it has issued 200,000 units at an issue price of $0.20 per unit in satisfaction of consulting fees. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.30 until December 2, 2021.

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AUTO SALES: Tesla Record Pushes Norway’s Share of Electric Car Sales to 42%

  • Date: 03-01-20
  • Category: AUTO SALES
  • Source: Bloomberg

Electric cars’ share of new registrations in Norway surged to a record in 2019, helped by Tesla Inc.’s best year ever in the Nordic country.

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ZIMBABWE: Chrome Mining could be a saviour if only we stop looting!

  • Date: 02-01-20
  • Category: ZIMBABWE
  • Source: Nehanda Radio

I do believe we all had a good Christmas. As promised I will further explain why I believe Mining can bring this economy on track. I have tried to avoid using Geological jargon, as only the likes of Dr Chris Mutsvangwa will comprehend this. I hope he will find this not a vapid article.

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ELECTRIC VEHICLES: Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion) annually to enhance its leadership in vehicle electrification, autonomous driving and mobility services, said Euisun Chung, Executive Vice Chairman (EVC) of the Group, at the company’s 2020 New Year ceremony at its headquarters in Seoul.

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AUTO SALES: Bosch to Cut Thousands of Jobs in India as Auto Sales Slump

  • Date: 02-01-20
  • Category: AUTO SALES
  • Source: Bloomberg

Bosch Ltd., the Indian unit of the world’s largest auto-parts supplier, plans to join its parent, Robert Bosch GmbH in cutting jobs as the South Asian nation witnesses one of its worst auto sales slowdowns in decades.

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SOUTH AFRICA: Load shedding to continue for another 5 years, experts warn

  • Date: 02-01-20
  • Category: SOUTH AFRICA
  • Source: Eye Witness News

CAPE TOWN - As 2020 dawns, energy experts are warning that load shedding will be with us for another five years at least.

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