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AUTO PRODUCTION: BMW will cancel several models to cut expenses, says report

As BMW cancels niche models and prepares to release new ones, it's in the middle of a transformative restructuring process that will allegedly force many enthusiast-approved nameplates out of its line-up. An unverified report claims the firm will pluck slow-selling models from its range to significantly trim its operating expenses during the 2020s.

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ESKOM: Eskom Record Loss Not as Huge as Forecast, Spurring Bond Rally

  • Date: 30-07-19
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd., South Africa’s debt-ridden power utility, reported a record annual loss of 20.7 billion rand ($1.46 billion), but its dollar bonds rallied on optimism that it is starting to stem the bleeding.

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AUTO PRODUCTION: Fiat Chrysler's Europe arm forecast to have 'break-even' Q2; long-term outlook less positive

Fiat Chrysler Automobiles is expected to report positive quarterly financial results on Wednesday as gains in North American are forecast to help offset the automaker’s slumping sales in Europe.

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RUTHENIUM: Single-electrode material streamlines functions into a tiny chip

  • Date: 29-07-19
  • Category: RUTHENIUM
  • Source: New Electronics

Researchers from KAUST have managed to combine sensing, energy-harvesting, current-rectifying and energy-storage functions into a single microchip.

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SOUTH AFRICA: Platinum 3D printing to be first project of new Platinum Valley SEZ

  • Date: 29-07-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

Platinum three dimensional (3D) printing will be the first project finalised at South Africa’s new Platinum Valley Special Economic Zone (SEZ) that is being launched to add value to platinum group metals (PGMs) locally.

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BATTERIES: European Tesla Gigafactory Production Should Begin In 2021 Says Musk

  • Date: 29-07-19
  • Category: BATTERIES
  • Source: Inside EVs

Tesla has entered the final stretch of construction on the third Gigafactory located in Shanghai, China. Production costs are expected to be much lower for every Tesla Model 3 coming out of China. Despite this, European-bound Tesla production will not be coming out of this new factory.

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ELECTRIC VEHICLES: Electric Vehicles Create Opportunities in Mining

The natural resources sector has seen considerable highs and lows in recent years. When China was experiencing significant economic growth, it created a sustained period of high demand for raw materials, which started to fall away as the pace of that growth slowed. Investors may have been left with a lingering sense that the sector is just too unpredictable.

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NICKEL SULPHATE: KG ENERCHEM Secures Umicore as Its Customer

KG ENERCHEM stated that it signed a contract with Umicore, cathode material manufacturer in Belgium ranked second in the world, regarding supply of nickel sulfate.

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