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LITHIUM: Albemarle Announces Completion of Lithium Joint Venture with Mineral Resources Limited

  • Date: 31-10-19
  • Category: LITHIUM
  • Source: Albemarle

CHARLOTTE, N.C., Oct. 31, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it has closed its transaction with Mineral Resources Limited ("MRL") (ASX: MIN) under the Asset Sale and Share Subscription Agreement that was entered into on December 14, 2018, and subsequently amended on August 1, 2019, and the MRL Kemerton Sale and Purchase Agreement that was entered into on August 1, 2019 ("Agreement"). The 60/40 joint venture.

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AUTO NEWS: Billionaire Agnellis Grab a Massive Sweetener

  • Date: 31-10-19
  • Category: AUTO NEWS
  • Source: Bloomberg

Fiat has extracted a chunky premium for what is essentially a takeover by Peugeot. No wonder the latter's shareholders are unimpressed.

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AUTO NEWS: Plunging Peugeot Shows Who the Buyer Is in Merger of Equals

  • Date: 31-10-19
  • Category: AUTO NEWS
  • Source: Bloomberg

Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is.

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ESKOM: Eskom shares Transmission Development Plan for 2020 to 2029

  • Date: 31-10-19
  • Category: ESKOM
  • Source: Politics Web

Today Eskom shared its Transmission Development Plan (TDP) for the period 2020 to 2029 with different stakeholders at a public forum in Midrand. This is part of Eskom’s Transmission licence requirements issued by the National Energy Regulator of South Africa (Nersa), which requires Eskom to publish a TDP annually.

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ESKOM: Union threatens power cuts if Eskom is split into three

  • Date: 31-10-19
  • Category: ESKOM
  • Source: Fin 24

In protest against government’s plan to divide Eskom into three units, the National Union of Mineworkers (NUM) is threatening to strike in an effort to trigger country-wide blackouts.

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PGM PRODUCERS: Sibanye's profit triples, on track to resume dividends

Sibanye Gold [JSE: SGL] the world’s biggest platinum miner, said it’s on track to resume dividend payments in the latter half of 2020 as third-quarter earnings more than tripled.

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ZIMBABWE: Zimbabwe is eyeing a platinum-led revival. But miners see little chance

  • Date: 31-10-19
  • Category: ZIMBABWE
  • Source: Fin 24

Zimbabwe’s government is banking on a platinum-mining boom to help revive its collapsing economy. The world’s biggest platinum companies say it isn’t going to happen.

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PGM PRODUCERS: After a massive year for its investors, Implats reports decline in output

Implats saw a 2.4% decline in production, to 5.2m tonnes in the quarter to end-September, from 5.34m tonnes in the same period last year.

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