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PGM PRODUCERS: Sibanye-Stillwater to reinstate dividend in second half of 2020 after closing book on deal blitz

SIBANYE-Stillwater would reinstate the dividend at the half-year point of the current financial year, said group CEO, Neal Froneman today.

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PGM PRODUCERS: Rising metals prices spur S.African miner Sibanye to second-half rebound

JOHANNESBURG, Feb 19 (Reuters) - South African mining company Sibanye-Stillwater reported a near 80% surge in full year earnings on Wednesday following a rebound in the second half on the back of rising precious metals prices and the inclusion of its Marikana operations.

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AUTO SALES: Passenger car registrations: -7.5% in January 2020

  • Date: 18-02-20
  • Category: AUTO SALES
  • Source: ACEA

In January 2020, the EU1 passenger car market contracted by 7.5% to 956,779 units. Major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining this January drop. Other contributing factors included weakening global economic conditions and uncertainty caused by the UK's departure from the European Union.

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EMISSIONS: Singapore aims to phase out petrol and diesel vehicles by 2040

  • Date: 18-02-20
  • Category: EMISSIONS
  • Source: Reuters

SINGAPORE (Reuters) - Singapore aims to phase out petrol and diesel vehicles by 2040, making a bigger bet on electric cars as part of its efforts to cut greenhouse gases and fight climate change, the finance minister said on Tuesday.

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RESIGNATION: Griffith to quit Anglo after riding a crest of success

JOHANNESBURG – Anglo American Platinum (Amplats) chief executive Chris Griffith on Monday shocked the market when he announced that he would step down in April, seven years after being at the helm of the company that has gone from loss-making to being drunk with cash.

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ESKOM: South Africa's Eskom needs cash injection to avoid debt crisis - CEO

  • Date: 18-02-20
  • Category: ESKOM
  • Source: Reuters

CAPE TOWN, Feb 18 (Reuters) - South Africa’s ailing power utility Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, new chief executive Andre de Ruyter told lawmakers on Tuesday.

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PGM PRODUCERS: Coarse Particle Rejection trial plant set for Anglo’s Mogalakwena North platinum concentrator

  • Date: 18-02-20
  • Category: PGM PRODUCERS
  • Source: International Mining

A major focus in Anglo American’s FutureSmart Mining approach to innovation and sustainability has been so called Coarse Particle Recovery (or Rejection depending on how it is used) using flotation. CPR essentially allows the flotation of particles at sizes two to three times larger than normal which can achieve significant gangue rejection ahead of primary flotation. In its 2019 results, Anglo Platinum has stated that a new CPR trial plant is to be built at the Mogalakwena North platinum concen

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PGM PRODUCERS: Record-performing Amplats applying for 75 MW solar power at Mogalakwena

JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining company Anglo American, which has reported record safety, record financials and the highest dividend in 15 years, has submitted an application to be allowed to self-generate 75 MW of solar power at its Mogalakwena mine where the world’s largest hydrogen fuel cell haul truck is being developed.

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