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MINE RESTARTS: Eastplats announces rights offering to shareholders

Eastern Platinum (Eastplats) has announced a rights offering to its shareholders to acquire common shares of the company at the close of business on December 18, on the basis of one right for each common share.

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ESKOM: ABB to Repay South Africa’s Eskom $103 Million After Probe

  • Date: 11-12-20
  • Category: ESKOM
  • Source: Bloomberg

The reimbursement was agreed with the nation’s Special Investigating Unit, state-owned Eskom Holdings SOC Ltd. said in a statement Friday. ABB has already accounted for the bulk of the payment in its financials, the Zurich-based company said in a separate statement.

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CHROME: ChromeSA welcomes negotiated electricity pricing concession

  • Date: 11-12-20
  • Category: CHROME
  • Source: Mining Weekly

Independent chrome ore producers group ChromeSA has welcomed the finalisation by the Department of Mineral Resources and Energy (DMRE) of a short-term framework for negotiated pricing agreements, which will allow companies negatively affected by the high costs of power to negotiate lower electricity tariffs with those entities who supply their power.

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ACQUISITION: Vale signs a binding put option agreement to formalize sale of Vale New Caledonia

Vale S.A. (Vale) informs that its subsidiary Vale Canada Limited (“VCL”) has signed a binding put option agreement for the sale of its ownership interest in Vale Nouvelle-Calédonie S.A.S. (“VNC”).

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FUEL CELLS: Denmark and Norway team up to build world’s largest hydrogen ferry

  • Date: 10-12-20
  • Category: FUEL CELLS
  • Source: Euractiv

A Danish-Norwegian project aimed at building what will be the world’s largest and most powerful hydrogen-fuelled ferry has applied for EU funding. The plan is to start operating a Copenhagen-Oslo service by 2027.

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EMISSIONS: Tougher EU pollutant limits could doom non-hybrid cars, automakers fear - Euro 7

  • Date: 10-12-20
  • Category: EMISSIONS
  • Source: Auto News

Automakers are worried that the next round of European Union emissions standards will increase compliance costs to the point where it is unprofitable to build cars that do not have a plug-in hybrid or full-electric drivetrain.

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EMISSIONS: Zero-emission vehicles: European Commission ambitions far removed from today’s reality, says ACEA

  • Date: 10-12-20
  • Category: EMISSIONS
  • Source: ACEA

Brussels, 10 December 2020 – The European Automobile Manufacturers’ Association (ACEA) takes note of the EU’s Sustainable and Smart Mobility Package, published by the European Commission yesterday. One of the key pillars of this strategy is to boost the uptake of zero-emission vehicles, an objective fully shared by the EU auto industry, which dedicates much of its yearly €60.9 billion R&D budget to decarbonisation.

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HYDROGEN: California Energy Commission approves plan to invest up to $115M for hydrogen fueling infrastructure; 111 new stations by 2027

  • Date: 10-12-20
  • Category: HYDROGEN
  • Source: Green Car Congress

The California Energy Commission (CEC) approved a plan today that will invest up to $115 million to increase significantly the number of fueling stations in the state that support hydrogen fuel cell electric vehicles (FCEVs). The funding nearly doubles the state’s investments to date and will help California nearly achieve its goal to deploy 200 public hydrogen fueling stations.

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