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JEWELLERY: Chinese Shoppers and Investors Are Losing Their Appetite for Gold

  • Date: 14-10-19
  • Category: JEWELLERY
  • Source: Bloomberg

China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.

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ELECTRIC VEHICLES: Itochu hikes stake in Chinese EV maker Singulato, report says

BEIJING -- Japan's Itochu Corp. has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors, lifting its stake to about 7 percent, with plans to increase the holding if the startup meets certain conditions, two people familiar with the matter said.

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PGM PRODUCERS: 'This cannot continue', says AMCU after another fatality at Sibanye-Stillwater

Another fatality has occurred at Sibanye-Stillwater's Thembelani shaft in Rustenburg, according to the Association of Mineworkers and Construction Union (AMCU).

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AUTO SALES: Record Slump in China’s Auto Market Continues in September

  • Date: 12-10-19
  • Category: AUTO SALES
  • Source: Bloomberg

Chinese auto sales fell in September for the 15th month in 16, extending their unprecedented slump despite government efforts to support the world’s largest car market.

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COBALT: Canada Cobalt makes strategic move in silver/cobalt heartland

  • Date: 11-10-19
  • Category: COBALT
  • Source: Mining Weekly

TSX-V-listed Canada Cobalt Works is making headway in becoming a vertically integrated leader in Canada’s silver/cobalt heartland with the acquisition of “strategic assets” from PolyMet Resources in the town of Cobalt.

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ESKOM: South Africa's Eskom challenges latest power tariff decision in court

  • Date: 11-10-19
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG, Oct 11 (Reuters) - South Africa’s struggling power utility Eskom said on Friday it was challenging in court the regulator’s latest tariff decision, a move it said was necessary to avert financial disaster.

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PGM PRODUCERS: Pilanesberg Platinum Mine: Crushing its targets

Situated on the Western Limb of South Africa’s Bushveld Complex, the open cast Pilanesberg Platinum Mine has delivered 10 years of steady PGM production build up.

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SOUTH AFRICA: Amcu issues stern warning to corporates that ‘steal from workers’

As the Association of Mineworkers and Construction Union (Amcu) gears up to take on Samancor Chrome on behalf of workers, the union’s president Joseph Mathunjwa has issued out a warning against multinational companies that “steal worker’s money”.

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