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ACQUISITION: Northam to buy Eastplats’ Maroelabult assets for R20m

  • Date: 29-10-19
  • Category: ACQUISITIONS
  • Source: Mining Weekly

Platinum-group metals miner Northam Platinum’s Eland Platinum subsidiary will buy dual-listed Eastern Platinum’s Maroelabult assets, in Brits, North West, for R20-million.

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AUTO SALES: Downturn in the global Truck market

  • Date: 29-10-19
  • Category: AUTO SALES
  • Source: LMC Automotive

With the spectre of global economic recession looming as a 1/3 possibility, the global Truck market finds itself on the brink of downturn as we approach the end of the year. Manufacturing – a critically important driver of Heavy Vehicle demand, via its impact on freight transport demand – is already in decline.

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RARE EARTHS: Rare earths: How Teesside and a mine in Vegas hold the key to ending China's grip on electric vehicles

  • Date: 29-10-19
  • Category: RARE EARTHS
  • Source: Telegraph

An hour’s drive from Las Vegas, surrounded by scrub forest and Joshua trees, lies an open pit that holds the key to the future of the electric car. Mountain Pass rare-earth mine is a rich source of neodymium and praseodymium, two metals which are used to make the magnets in the powertrain of an electric vehicle.

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FUEL CELLS: Ballard Receives PO From Anglo American for 900kW of Fuel Cell Modules to Support Mining Truck Demonstration Project

  • Date: 29-10-19
  • Category: FUEL CELLS
  • Source: Yahoo

A total of 8 of the FCveloCity®-HD modules will power a retrofitted Ultra heavy duty mining truck in a demonstration project during 2020 at one of Anglo American's mining operations in South Africa (with the final module maintained as a spare). Following this, Anglo American expects to deploy similar trucks, each with megawatt (MW) scale fuel cell power, at other operations around the world.

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PGM PRODUCERS: Concor Opencast Mining provides ‘seamless transition’ at Anglo’s Mogalakwena PGM mine

  • Date: 29-10-19
  • Category: PGM PRODUCERS
  • Source: International Mining

Contractor Concor Opencast Mining says it is helping Anglo American Platinum’s Mogalakwena open-pit platinum group metals (PGM) mine team, in South Africa, boost annual production.

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ESKOM: South Africa plans sweeping power sector reform as Eskom struggles

  • Date: 29-10-19
  • Category: ESKOM
  • Source: Reuters

PRETORIA (Reuters) - South Africa plans a sweeping overhaul of its power sector by breaking up loss-making state utility Eskom over the next three years and opening the industry up to more competition, a long-awaited government paper showed on Tuesday.

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PGM PRODUCERS: Wallbridge to work Lonmin’s Denison property

Lonmin Canada (Loncan), a subsidiary of Sibanye-Stillwater, has appointed Toronto’s Wallbridge Mining Co. to be the operator of the advanced stage Denison nickel-copper-PGM property near Sudbury. Wallbridge has received a 20% ownership share of Loncan and a seat on the Loncan board of directors as part of the arrangement.

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COBALT: Cobalt market to avoid shortage despite Congo mine closure: Nornickel

  • Date: 29-10-19
  • Category: COBALT
  • Source: Reuters

MOSCOW (Reuters) - Cobalt supply will remain robust despite a price slide that has already led to the closure of a major mine, Russia’s Norilsk Nickel said, as most is produced as a byproduct of more buoyant metals like nickel and copper.

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