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FERROCHROME: Noront announces time and place for first ferrochrome open house

  • Date: 16-10-19
  • Category: FERROCHROME
  • Source: Soo Today

Noront Resources today announced the venue and time for an introductory open house about its proposed $1 billion ferrochrome smelter in Sault Ste. Marie.

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AUTO SALES: Passenger car registrations: -1.6% nine months into 2019; +14.5% in September

  • Date: 16-10-19
  • Category: AUTO SALES
  • Source: ACEA

In September 2019, EU demand for new passenger cars increased by 14.5% to reach 1.2 million units registered in total. To a large extent, this strong year-on-year growth is the result of a low base of comparison, as registrations fell significantly in September 2018 (-23.5%) following the introduction of the WLTP testing regime.

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BATTERIES: China lead producer Yuguang eyes move into battery manufacturing

  • Date: 16-10-19
  • Category: BATTERIES
  • Source: Reuters

KUNMING, China (Reuters) - Henan Yuguang Gold and Lead (600531.SS), China’s largest lead producer, plans to set up a lead-acid battery production line as part of a downstream expansion, a company official said on Wednesday.

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RAND: South Africa's rand rattled by power cuts, stocks led higher by Sibanye

  • Date: 16-10-19
  • Category: RAND
  • Source: Financial Post

JOHANNESBURG — The rand fell on Wednesday as power cuts by state utility Eskom highlighted the challenges facing South Africa’s ailing economy.

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WAGE NEGOTIATIONS: Sibanye-Stillwater hits optimistic note saying wage deal with AMCU “not quite there”

SIBANYE-Stillwater expressed optimism it might yet cut a wage deal with the Association of Mineworkers & Construction Union (AMCU) for employees at its platinum group metal (PGM) mines in Rustenburg. This is despite the matter having gone to arbitration – often a sign that strike action is the next, inevitable step.

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PGM PRODUCERS: Royal Bafokeng Platinum secures R2.1bn in cash-streaming agreement

Royal Bafokeng Platinum (RBPlat) has struck a R2.1bn deal to deliver gold to mining financier Triple Flag, the proceeds of which will be used to settle the costs of its recent acquisition of Bafokeng Rasimone Platinum Mine (BRPM).

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ESKOM: Eskom: Load shedding to be implemented on Wednesday 16 October

  • Date: 16-10-19
  • Category: ESKOM
  • Source: The South African

Eskom have treated us to a seven-month reprieve, but load shedding is officially back on the schedule. The lights are going out across the country on Wednesday.

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ESKOM: Zimbabwe Starts Further Power Cuts Due to Eskom Outages

  • Date: 16-10-19
  • Category: ESKOM
  • Source: Bloomberg

The power blackouts announced by South Africa’s Eskom Holdings SOC Ltd. will exacerbate power shortages in neighboring Zimbabwe.

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