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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.

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RAND: 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.

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FUEL 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.

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AUTO 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.

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ZIMBABWE: 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.

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BATTERIES: 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.

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JEWELLERY: 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.

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ELECTRIC VEHICLES: Itochu hikes stake in Chinese EV maker Singulato, report says

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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