News
ZIMBABWE: Zimplats seeks clarity on the yet-to-be-amended Indigenisation Act
- Date: 14-10-19
- Category: ZIMBABWE
- Source: Radio VOP
The country’s biggest platinum producer, Zimbabwe Platinum Holdings (Zimplats) says the Indigenisation and Economic Empowerment Act (Chapter 14:33) is yet to be amended to give weight to Government pronouncements to remove platinum miners from the reserve list.
View full storyRAND: Rand sustains gains after breaching sub-R15/$ level
- Date: 14-10-19
- Category: RAND
- Source: IOL
DURBAN – The rand traded within a tight R14.73-to-R14.86 range on Monday after posting sustained gains over the most recent sessions, the momentum seemed to be with the local unit as it breached the sub-R15/$ level on Friday.
View full storyFUEL CELLS: Beijing set to end subsidies for fuel cell vehicles next year
- Date: 14-10-19
- Category: FUEL CELLS
- Source: Auto News
The Chinese government plans to phase out subsidies for all electrified vehicles -- including fuel cell vehicles -- by the end of 2021, China’s ministry of finance said.
View full storyAUTO NEWS: Faurecia to acquire remaining 50% of SAS Joint Venture to expand integration to cover all interior modules
- Date: 14-10-19
- Category: AUTO NEWS
- Source: Faurecia
Faurecia today announced that it has signed a Memorandum of Understanding to acquire the remaining 50% of its SAS joint venture from Continental.
View full storyZIMBABWE: Zimbabwe embarks on ambitious mining plan to raise $12bn by 2023
- Date: 14-10-19
- Category: ZIMBABWE
- Source: Business Live
With his country battling a severe foreign currency shortage and the worst economic meltdown in 10 years, President Emmerson Mnangagwa is looking to mining exports to salvage the economy.
View full storyBATTERIES: Eramet, BASF and SUEZ partner to develop an innovative closed-loop process for the recycling of lithium-ion batteries, responding to the strong growth of the market in the coming years
- Date: 14-10-19
- Category: BATTERIES
- Source: BASF
Ludwigshafen, Germany; Paris, France – The “Recycling Li-ion batteries for electric Vehicle” (ReLieVe) project, founded by Eramet, BASF and SUEZ, will receive a substantial funding of €4.7 million by EIT Raw Materials, a consortium initiated and funded by the European Union, and the three members. The objective is to develop an innovative closed-loop process to recycle lithium-ion batteries from electric vehicles and to enable the production of new lithium-ion batteries in Europe.
View full storyJEWELLERY: Chinese Shoppers and Investors Are Losing Their Appetite for Gold
- Date: 14-10-19
- Category: JEWELLERY
- Source: Bloomberg
China’s shoppers and investors lost their appetite for gold this year -- and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending.
View full storyELECTRIC VEHICLES: Itochu hikes stake in Chinese EV maker Singulato, report says
- Date: 14-10-19
- Category: ELECTRIC VEHICLES
- Source: Auto News
BEIJING -- Japan's Itochu Corp. has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors, lifting its stake to about 7 percent, with plans to increase the holding if the startup meets certain conditions, two people familiar with the matter said.
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