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PGM PRODUCERS: Sibanye-Stillwater defeats mining communities challenging R5.4bn Lonmin merger

Sibanye-Stillwater might have won in court, but the six mining communities on the platinum belt of Rustenburg are not backing down. The communities will write to Chief Justice Mogoeng Mogoeng, asking him to clarify the Constitutional Court’s order that dismissed its application to have the Sibanye-Stillwater and Lonmin merger declared unlawful.

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PGM PROJECTS: Gen Mining announces expanded mineral resource at Marathon deposit

Generation Mining Limited is pleased to report that a new independent Mineral Resource Estimate of the Marathon Deposit of the 51%-owned Marathon palladium-copper project in Northern Ontario estimates a 20% increase in contained Palladium-Equivalent ounces compared with the most recently published Mineral Resource on the Property from 2010. Highlights of the pit constrained Mineral Resource Estimate are as follows:

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RECYCLING: EC clears India scrappage JV

  • Date: 09-09-19
  • Category: RECYCLING
  • Source: Just Auto

European Commission (EC) authorities have approved, through the EU Merger Regulation, the acquisition of joint control of a newly created joint venture in India by Toyota Tsusho India, its parent Toyota Tsusho of Japan (TTC) and Maruti Suzuki India of India.

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AUTO SALES: Japanese market up again in August

  • Date: 09-09-19
  • Category: AUTO SALES
  • Source: Just Auto

The Japanese new vehicle market continued to grow strongly in August, by 6.7% to 388,600 units from 364,218 units a year earlier, according to registration data released by the Japan Automobile Manufacturers Association.

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PGM PRODUCERS: Northam completes private placement

JSE-listed Northam Platinum has completed a private placement of domestic medium-term notes to the value of R500-million under its R5-billion domestic medium-term note programme.

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ESKOM: Moody’s Says Fixing S. Africa’s Eskom Is Complex, Will Take Time

  • Date: 09-09-19
  • Category: ESKOM
  • Source: Bloomberg

Fixing loss-making power utility Eskom Holdings SOC Ltd. is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service.

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WAGE NEGOTIATIONS: Platinum Giants Say Union Declares Dispute in Wage Talks

Anglo American Platinum Ltd. and Sibanye Gold Ltd. may need mediators to help South African wage talks move forward after negotiations with the platinum industry’s largest labor union reached a deadlock.

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AUTO NEWS: Ford cut to junk by Moody's on doubts over plan to boost profit

  • Date: 09-09-19
  • Category: AUTO NEWS
  • Source: Automotive News

Ford Motor Co.’s CEO Jim Hackett has been dealt a major blow by Moody’s Investors Service, which cut the automaker’s credit rating to junk over doubt his plans to fix the company will soon generate earnings and cash.

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