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PGM PRODUCERS: Cash-rich Implats revives idea of merging with RBPlat

Impala Platinum (Implats) signalled on Thursday that it is interested in a merger with Royal Bafokeng Platinum (RBPlat) after the world’s third-largest miner of the metal showed a dramatic improvement in its annual financials.

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PGM PRODUCERS: Implats Reports FY19 Swing to Net Profit

Impala Platinum Holdings Ltd. (IMP.JO) on Thursday reported a swing to a net profit for fiscal 2019 after benefiting from higher prices for platinum group metals in the year.

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ESKOM: South Africa's Gordhan Confirms Plan to Split Eskom

  • Date: 05-09-19
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s government is intent on putting embattled state power company Eskom Holdings back on a sustainable footing and will consult with its debt holders on any re-organization. The country's Public Enterprises Minister, Pravin Gordhan speaks exclusively with Bloomberg's Manus Cranny at the World Economic Forum in Cape Town. (Source: Bloomberg)

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AUTO SALES: UK car market dips in August, but EVs surge

  • Date: 05-09-19
  • Category: AUTO SALES
  • Source: Just Auto

The UK new car market declined by 1.6% in August, but there was a surge in electric car sales in the month, according to data released by the SMMT.

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PGM PRODUCERS: Implats to consider bids for Marula, Afplats as Muller crystallises view on asset mix

IMPALA Platinum (Implats) would consider selling its 75% stake in the Marula joint venture as well as Afplats, a project it impaired for R1.67bn this year after paying R1.1bn for the prospect in 2007.

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LITHIUM: Kidman shareholders accept Wesfarmers suit

  • Date: 05-09-19
  • Category: LITHIUM
  • Source: Mining Weekly

Wesfarmers in May this year launched a A$1.90-a-share cash offer for the lithium junior, which holds a 50% interest in the Mt Holland lithium project, in Western Australia, which is jointly owned by the Sociedad Quimica y Minera de Chile SA (SQM).

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BATTERIES: CATL and Bosch collaborate on 48V battery cells

  • Date: 05-09-19
  • Category: BATTERIES
  • Source: Just Auto

Contemporary Amperex Technology Co. Limited (CATL) and Bosch have concluded a 'long-term strategic cooperation agreement' that will see CATL supply 48-volt battery cells for Bosch's 48-volt battery system globally.

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NICKEL: New projects for battery material nickel need a price spur

  • Date: 05-09-19
  • Category: NICKEL
  • Source: Reuters

LONDON (Reuters) - Rapidly rising use of nickel in the batteries that power electric vehicles over coming years means higher prices are needed to incentivize the development of new projects to boost supplies of the metal.

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