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PGM PRODUCERS: Zimplats in half year profit jump

ZIMBABWE’S largest platinum group metals (PGMs) producer, Zimplats Holdings, profit for the year to June 2019 vaulted US$144,9 million from US$2,6 million posted in 2018, partly spurred by a US$36,4 million export incentive and $9,6 million tax refund.

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SOUTH AFRICA: President Ramaphosa promises to visit Marikana after union engagement

  • Date: 02-09-19
  • Category: SOUTH AFRICA
  • Source: The South African

The South African National Civic Organisation (SANCO) said on Monday it welcomed a call by labour federation COSATU for President Cyril Ramaphosa to visit Marikana, where 44 people died seven years ago during a violent strike at a Lonmin mine, including 34 protesting workers shot by police.

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AUTO SALES: China to exempt Tesla cars from 10% purchase tax

  • Date: 02-09-19
  • Category: AUTO SALES
  • Source: Reuters

BEIJING (Reuters) - China will exempt Tesla Inc’s (TSLA.O) electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.

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NICKEL: Nickel hits five-year high as price surge continues

  • Date: 02-09-19
  • Category: NICKEL
  • Source: Financial Times

Nickel’s breathtaking advance continued on Monday after Indonesia said it would halt exports of the metal in 2020 as Jakarta steps up efforts to build a local smelting industry.

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PGM PRODUCERS: Mineworkers stage sit-in at Impala Platinum Mine

JOHANNESBURG - Around 400 mineworkers are staging an underground sit-in at Impala Platinum Mine near Rustenburg.

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PGM PRODUCERS: Northam Platinum buys R1bn worth of Zambezi preference shares from Govt.’s PIC

NORTHAM Platinum has bought additional Zambezi Platinum preference shares to the tune of just over R1bn, the company said today.

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PGM PRODUCERS: ARM releases R800m in funds over two years to expand Two Rivers platinum mine

AFRICAN Rainbow Minerals (ARM) will spend about R350m in the next two years on its share of the costs expanding the milling plant at Two Rivers platinum mine. Another R444m has been earmarked to extend the tailings dam to match the increased capacity, the group’s financial director, Abigail Mukhaba said on Friday.

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PLATINUM: Strong Platinum ETF Demand Trumps Sluggish Automotive Demand

  • Date: 30-08-19
  • Category: PLATINUM
  • Source: Seeking Alpha

Platinum demand hit by slowing automotive sector.

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