Consulting analysts in tomorrow’s commodities and technologies

News

PGM PRODUCERS: Sibanye secures new R5bn loan facility

  • Date: 25-10-19
  • Category: PGM PRODUCERS
  • Source: Engineering News

NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15.

View full story

WAGE NEGOTIATIONS: Sibanye CEO sees wage strike unlikely at platinum mines

JOHANNESBURG – Platinum-mining workers are unlikely to embark on a strike as a result of the current round of wage negotiations, Sibanye Gold CEO Neal Froneman said in an interview at Bloomberg’s Johannesburg office.

View full story

ESKOM: Your electricity bill will double in two years, says expert

  • Date: 25-10-19
  • Category: ESKOM
  • Source: Sowetan Live

Should Eskom win a court battle against the National Energy Regulator of SA (Nersa), South Africans face the prospect of paying double within two years for electricity.

View full story

PGM PRODUCERS: Inflow of cash brings Implats the benefit of options, and some difficult choices

CASH generation is so strong at Impala Platinum (Implats) that it may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on October 7.

View full story

PGM PRODUCERS: Sibanye-Stillwater returns to balance sheet again with R5.5bn RCF refinancing

SIBANYE-Stillwater returned to its balance sheet once again refinancing its existing R6bn revolving credit facility (RCF) with a new rand denominated agreement that allows it access to more money if it needs it.

View full story

BATTERIES: Umicore enters strategic supply agreement with Samsung SDI

  • Date: 25-10-19
  • Category: BATTERIES
  • Source: Evertiq

Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020.

View full story

SOUTH AFRICA: The lost platinum sector jobs are not coming back

  • Date: 24-10-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Should companies bear the burden of protecting unprofitable jobs, or should the government bear the burden of protecting the people? This question is now palpable in the platinum sector. It’s a hard question because it’s unlikely that jobs in the sector will return. Ultimately, the government should shoulder the burden on re-skilling because training is demand-driven, not supply-driven.

View full story

FUEL CELLS: Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo

  • Date: 24-10-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The first motion of the world’s largest hydrogen-powered mine haul truck is scheduled for mid-2020, with testing continuing at Anglo American Platinum’s Mogalakwena mine until the end of the year.

View full story