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PGM PROJECTS: Tagwirei swoops on US$500m platinum project

Commodities baron Kudakwashe Tagwirei’s Landela Mining Ventures has emerged as the new joint venture partner in the Russian-led Darwendale platinum mine project, which has also roped in former Impala Platinum chief executive David Brown.

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AUTO PRODUCTION: Chinese auto production capacity utilization slides to 76.1% in Q3

Average production capacity utilization in China’s auto industry has continued to decline as its new-vehicle market remains locked in a downturn.

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AUTO SALES: Dealership stockpiles stay high for Chinese brands, locally built global marques

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

New vehicle inventories remained well above the normal range in September at dealerships marketing Chinese light-vehicle brands along with global mass-market marques as the overall market downturn continued.

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AUTO SALES: Why Beijing will avoid moves to boost slowing economy, weakening car market

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

Due in large part to U.S. President Donald Trump’s tariffs, China’s economic growth slowed to 6.0 percent in the third quarter, a record low in 27 years. Its new-car market has contracted for 15 straight months.

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AUTO SALES: India scrappage plan unlikely to result as desired - analyst

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Just Auto

India's vehicle scrappage plan is unlikely to produce desired results, according to analysts at GlobalData, parent company of just-auto.

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JEWELLERY: Bulgari CEO Sees China Jewelry Sales Rising Amid Slowing Economy

  • Date: 24-10-19
  • Category: JEWELLERY
  • Source: Bloomberg

Bulgari SpA plans to add stores in China, saying jewelry sales there could potentially double over the next five years as it dodges a broader slowdown in the world’s second largest economy.

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ELECTRIC VEHICLES: Japanese automakers take niche minicar approach in EV push

TOKYO -- As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese companies are taking a niche approach and steering towards cheaper, tiny runabouts to make costly battery technology more accessible.

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EMISSIONS: European OEMs face potential CO2 penalties totalling EUR24bn - report

  • Date: 23-10-19
  • Category: EMISSIONS
  • Source: Just Auto

The current backlash against diesel, also known as 'de-dieselisation', has resulted in consumers regarding Euro 6 engines, that meet all the latest emission requirements, being considered as bad for air quality as a Euro II diesel. Additionally, some cities have introduced legislation to place restrictions on the use of diesel vehicles, while others are planning outright bans for diesel vehicles in the future, according to GlobalData, a leading data and analytics company.

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