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PGM PRODUCERS: Northam Platinum fine tunes R10bn loan note programme to limit cash outflow in 2020

NORTHAM Platinum sought to preserve liquidity amid the COVID-19 pandemic – and even extend it – announcing today it would buy and cancel about R1.9bn in loan notes and issue new ones with longer maturity dates.

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BATTERIES: Carmakers Urged to Invest in Mines to Avoid Battery Metal Pinch

  • Date: 11-05-20
  • Category: BATTERIES
  • Source: Bloomberg

Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.

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AUTO SALES: Volkswagen is giving a strong boost to sales promotion

  • Date: 11-05-20
  • Category: AUTO SALES
  • Source: Volkswagen

From May 15, the Volkswagen Passenger Cars brand will offer customers an attractive "all-round carefree" package for leasing and financing with the #vwfüreuch campaign. From EUR 9.99 per month, the offer includes rate protection if you lose your job, maintenance and inspection, as well as a follow-up guarantee for the entire term of the contract. Customers can also get particularly affordable leasing and financing offers.

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AUTO SALES: The Car Is Staging a Comeback, Spurring Oil’s Recovery

  • Date: 10-05-20
  • Category: AUTO SALES
  • Source: Bloomberg

James Li, a public relations account director, would rather spend an hour sitting in Beijing traffic than risk 30 minutes exposed to crowds on a train. “Traffic is as bad as it could be” but the subway is still too dicey, he said.

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SOUTH AFRICA: 15 mineworkers test positive for Covid-19

Minerals and Energy Minister Gwede Mantashe last week walked the path taken by at least one of the 15 mineworkers who tested positive for Covid-19 coronavirus.

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AUTO NEWS: The end of the road? An overview of combustion-engine car phase-out announcements across Europe

  • Date: 10-05-20
  • Category: AUTO NEWS
  • Source: ICCT

An increasing number of local and national governments are signaling their intention to phase out combustion engine-powered vehicles. Almost half a dozen countries in Europe have set combustion-engine passenger car phase-out targets and dates in national strategies, plans, and programs, or have drafted or adopted such laws to mitigate climate change. In addition to national commitments, almost 30 cities have made plans or have pledged to prohibit combustion-engine cars in urban centers or entire

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PGM PROJECTS: Legally-binding contract protects pristine rivers and quality of life in rural Montana

  • Date: 08-05-20
  • Category: PGM PROJECTS
  • Source: Laurel Outlook

May 8, 2020, marked the 20th anniversary of the signing of the Good Neighbor Agreement, a legally-binding contract overseeing an expansive mine operation in Montana. The contract was negotiated between the Stillwater Mining Company (now Sibanye-Stillwater Mining Company) and three community organizations – the Northern Plains Resource Council and two of its affiliate groups, the Cottonwood Resource Council and Stillwater Protective Association.

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PGM PRODUCERS: Employee at Northam's Zondereinde mine tests positive for Covid-19

Platinum group metals miner Northam Platinum reports that an employee at its Zondereinde mine, in Limpopo, has tested positive for Covid-19.

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