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AUTO SALES: India car sales plunge by a quarter as credit crunch bites

  • Date: 11-07-19
  • Category: AUTO SALES
  • Source: Financial Times

Indian car sales fell by nearly a quarter last month — marking one of the industry’s worst slumps in more than a decade — as a credit crunch squeezes consumption across the country.

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ELECTRIC VEHICLES: Fiat Chrysler will invest $788 million for production of new electric 500

TURIN, Italy -- Fiat Chrysler Automobiles will invest $788 million to build a production line for the new electric version of the 500 model, said Pietro Gorlier, FCA's chief operating officer for Europe, Middle East and Africa.

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ACQUISITIONS: Generation Mining closes Marathon PGM property acquisition

  • Date: 11-07-19
  • Category: ACQUISITIONS
  • Source: Globe News Wire

TORONTO, July 11, 2019 (GLOBE NEWSWIRE) -- Further to its press releases dated April 17, 2019, June 14, 2019 and June 25, 2019, Generation Mining Limited (the “Company” or “Gen Mining”) has, through a wholly-owned subsidiary, completed the acquisition (the “Closing”) of a 51% initial interest in the Marathon palladium project (the “Property”) located near Marathon, Ontario, from Stillwater Canada Inc. (“Stillwater”), a wholly owned subsidiary of Sibanye Gold Limited (which trades as Sibanye-Stillwater)....

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ESKOM: Eskom’s Biggest Power Plant Has Broken Pollution Equipment

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd. said pollution reduction equipment at its biggest operational plant hasn’t been working properly since early last year.

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ESKOM: Eskom Gets Rescue Option as PIC Proposes Debt-Equity Swap

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Yahoo

(Bloomberg) -- A proposal by the biggest owner of Eskom Holdings SOC Ltd.’s debt to convert its $6.4 billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.

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FUEL CELLS: Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo

  • Date: 11-07-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air.

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WAGE NEGOTIATIONS: Platinum mining companies prepare to respond to union demands

The first week of long-anticipated negotiations between platinum mining companies and the respective unions have begun with mining companies to respond to tabled demands next week - the quiet before the storm.

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PGM PRODUCERS: Tharisa reports improved production for last quarter

DURBAN – Intergrated resource group Tharisa is set to end the year in a strong position after it reported improved production update for the quarter to end June.

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