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ELECTRIC VEHICLES: Tesla needs more time to turn profit; founding engineer steps down

(Reuters) - Tesla Inc (TSLA.O) on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer.

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SOUTH AFRICA: ANC councillors gunned down in Mokopane

The victims were apparently seated in a vehicle when a gunman approached and shot at them at point-blank range.

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SOUTH AFRICA: Two more ANC leaders shot dead in Limpopo

Two ANC leaders have been shot dead in Limpopo in what is believed to be part of the continuous in-fighting which has claimed several lives of party members in the past 12 months.

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PGM PRODUCERS: Anglo imparts message on geography after appointing South African women to main board

ANGLO American today unveiled board and senior executive management changes that increases the presence of South African women in key group positions.

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PGM PRODUCERS: Implats converts majority of bonds to shares

JSE-listed Impala Platinum (Implats) will convert $249.8-million of its $250-million 3.25% convertible bonds due in 2022, to shares.

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PGM PRODUCERS: Implats seeks R3.4 billion debt swop

Impala Platinum (Implats) said yesterday that bondholders have backed its $250 million (R3.47 billion) debt to equity swop aimed at beefing up its balance sheet.

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FUEL CELLS: Toyota’s co-funding of PGM market development pleases Amplats

  • Date: 24-07-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The decision of the giant Toyota Motor Corporation to co-fund the development of the market for platinum group metals (PGMs) has been applauded by Anglo American Platinum (Amplats).

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PGM PRODUCERS: RBPlat shares take hit after firm raises flag on larger-than-expected interim loss

SHARES in Royal Bafokeng Platinum (RBPlat) were under pressure in Johannesburg on Wednesday as the market absorbed the news of a disappointing interim trading update in which earnings came in far lower than expected.

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