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AUTO PRODUCTION: UAW workers head for picket lines in first national strike against GM since 2007

The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday.

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AUTO SALES: U.S. to Promise to Not Hike Tariffs on Japan Autos, Report Says

  • Date: 16-09-19
  • Category: AUTO SALES
  • Source: Bloomberg

Japan and the U.S. are working toward a joint leaders’ statement that would include a U.S. promise not to hike tariffs or introduce quotas on Japanese cars, the Tokyo Shimbun newspaper said Monday.

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AUTO SALES: Guiyang eliminates cap on new-vehicle sales

  • Date: 16-09-19
  • Category: AUTO SALES
  • Source: Auto News

Guiyang, the capital of southwest China’s Guizhou province, has become the first China city to heed Beijing’s call to end restrictions on new-vehicle sales.

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PRECIOUS METALS: JP Morgan traders face charges on manipulating market

NEW YORK (AP) — Two current traders and one former trader in the New York offices of JPMorgan are charged with manipulating the precious metals futures market.

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APPOINTMENT: Eurasia Mining appoints strategic advisor as SA group runs rule over assets

  • Date: 16-09-19
  • Category: APPOINTMENT
  • Source: Pro Active Investors

The visit was arranged by Russian M&A mining specialist Alexei Churakov, who is also to join the Eurasia board as a strategic advisor.

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PGM PRODUCERS: Eurasia appoints adviser as Lesego Platinum conducts due diligence

Precious metals company Eurasia Mining has appointed former Goldman Sachs and Morgan Stanley senior investment banker Alexei Churakov as strategic adviser.

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WAGE NEGOTIATIONS: Amcu lashes Sibanye, wage talks stall

The Association of Mineworkers and Construction Union (Amcu) has accused Sibanye-Stillwater of working behind the scenes to ensure its demise as the biggest union in the platinum sector.

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PGM PRODUCERS: Northam outlines benefits in loading up on debt

Northam Platinum is loading debt onto its balance sheet, taking advantage of markedly higher prices for the metals it mines, to reduce its exposure to an expensive preference share falling due in May 2025.

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