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PGM PRODUCERS: Zimplats withholds dividend amid Covid-19 uncertainties

Zimbabwe-based platinum group metals miner Zimplats’ revenue for the financial year ended June 30 increased by 38% year-on-year to $868.9-million, mainly owing to an increase in the average prices of rhodium, palladium, gold and nickel.

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PGM PRODUCERS: Analysts raise precious metals expansion opportunities for cash-flush Sibanye

JOHANNESBURG (miningweekly.com) – Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current government environment is not conducive to investment.

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ZIMBABWE: New platinum mine on course

  • Date: 29-08-20
  • Category: ZIMBABWE
  • Source: Zimbabwe Herald

The first phase of the new platinum mine being developed by Great Dyke Investments on its Darwendale concessions is on course, with the box cut for the second portal being opened last month.

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EMISSIONS: CARB approves Heavy-Duty Low NOx Omnibus Regulation; to cut NOx 90%

  • Date: 29-08-20
  • Category: EMISSIONS
  • Source: Green Car Congress

The California Air Resources Board has approved a multi-pronged regulation that will significantly reduce NOx emissions from heavy-duty diesel trucks.

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NORNICKEL: Nornickel Is Capable Of Paying Attractive Dividends Anyway

  • Date: 28-08-20
  • Category: NORNICKEL
  • Source: Seeking Alpha

The management of Nornickel (OTCPK:NILSY) should be definitely commended for its realism - the team has a realistic view on the market situation, and, realistically, nobody among managers knows how and when the situation around the environmental damage will be settled down.

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PGM PRODUCERS: Sibanye-Stillwater maintains debt-reduction drive

Sibanye-Stillwater shares have recovered some ground lost over the past two weeks after the company reported “neutral” half-year financial results and a fairly positive outlook for H2 under COVID-affected circumstances.

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ELECTRIC VEHICLES: Amazon Buys 1,800 Electric Mercedes Vans in Latest Green Effort

Amazon.com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe.

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FERROCHROME: Merafe says impairments could take interim basic earnings loss to 39c/share

  • Date: 28-08-20
  • Category: FERROCHROME
  • Source: Mining MX

MERAFE Resources, the Johannesburg-listed ferrochrome producer that postponed its interim results until September whilst it absorbed the impact of impairment charges, said in a trading statement today it would report a basic loss per share of 37.6 to 39 cents.

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