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ZIMBABWE: Zim eyes 400MW from Mozambique

  • Date: 18-08-19
  • Category: ZIMBABWE
  • Source: Sunday Mail

GOVERNMENT will this week dispatch a high-powered team of experts to Mozambique to negotiate for more electricity imports from Hydro Cahora Bassa as authorities continue putting in place measures to improve power supply and avert rolling blackouts.

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ESKOM: Eskom death spiral of debt continues

  • Date: 18-08-19
  • Category: ESKOM
  • Source: My Broadband

Eskom “urgently” needs to borrow R10 billion to pay for a clean energy project, or face penalties on its World Bank loan, stated the City Press.

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ZIMBABWE: Top miners bail out troubled Zimbabwe Electricity Transmission and Distribution Company

  • Date: 18-08-19
  • Category: ZIMBABWE
  • Source: The Standard

Zimbabwe’s top three platinum miners are said to have helped settle the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) $10 million part payment to the South African electricity supplier Eskom last month, sources have revealed.

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ESKOM: World Bank flags Eskom project

  • Date: 18-08-19
  • Category: ESKOM
  • Source: City Press

Eskom will urgently have to find about R10 billion for a new mega construction project to avoid severe penalties on it’s World Bank loan for its two mega-construction flops – Medupi and Kusile.

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PGM PROJECTS: PTM financial engineering may suggest Implats keen on building Waterberg project

PLATINUM Group Metals (PTM) last week unveiled a new major recapitalisation programme in which it will raise capital through new share issues, including one with its South African partner, and enter into a $20m credit facility.

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ESKOM: SA allocates Eskom extra R59bn over two years

  • Date: 17-08-19
  • Category: ESKOM
  • Source: Howe Business Daily

South Africa will give ailing state-owned power utility Eskom an additional R59 billion spread over two years, according to a copy of a special appropriations bill seen by Bloomberg.

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PGM PRODUCERS: Ivanhoe Mines Completes Strategic Equity Investment of C$612 Million (US$459 million) from China-Based CITIC Metal

Additional C$67 million (US$50 million) received from Zijin Mining through the exercise of its anti-dilution rights. Ivanhoe positioned to fully fund its share of capital costs to bring the Kakula Copper Mine to commercial production. CITIC Metal's Vice President Manfu Ma joins Ivanhoe Board

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SOUTH AFRICA: Mathunjwa wants traditional authority to take mines

Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa has urged the Bapo Ba Mogale Traditional Authority to expropriate the land on which Sibanye’s Marikana mines are on.

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