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SOUTH AFRICA: It’s a done deal, Sibanye tells mining communities challenging R5bn Lonmin merger

  • Date: 05-08-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Sibanye-Stillwater is opposing a Constitutional Court application launched by six mining communities to have the company’s merger with Lonmin reversed. The mining communities said they were excluded from merger talks. However, Sibanye-Stillwater said the merger is ‘practically impossible’ to reverse as it has been implemented.

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AUTO SALES: UK sales worst in July since 2012

  • Date: 05-08-19
  • Category: AUTO SALES
  • Source: Just Auto

UK new car sales declined 4.1% to 157,198 registrations – the lowest July tally since 2012.

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OIL: Oil Needs to Fall Below $20 to Compete With Green Alternatives

  • Date: 05-08-19
  • Category: OIL
  • Source: Bloomberg

Wind and solar power can produce seven times more useful energy for cars, dollar for dollar, than gasoline with oil prices near current levels, according to BNP Paribas SA.

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MACROECONOMICS: China, Taiwan eye windfall from S. Korea-Japan trade dispute

Chinese and Taiwanese tech companies are sensing an opportunity to grab higher global market share in the semiconductor, display and battery sectors amid the latest trade feud between South Korea and Japan, according to sources on Aug 5.

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ESKOM: Looming Eskom strike could result in more load shedding

  • Date: 04-08-19
  • Category: ESKOM
  • Source: The Citizen

Eskom senior managers have dragged Eskom to the CCMA demanding the same 4.7% increase that the power utility recently granted to middle management.

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PGM PRODUCERS: Sibanye files court papers to oppose application to halt R5.2bn Lonmin merger

JOHANNESBURG – Sibanye-Stillwater on Thursday filed court papers to oppose an application by a Rustenburg community to halt Sibanye's R5.2-billion acquisition of platinum mining company, Lonmin.

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EMISSIONS: Kia counts on electric-car push to meet CO2 target in Europe

  • Date: 02-08-19
  • Category: EMISSIONS
  • Source: Europe Auto News

Kia will leverage full-electric vehicles to reach European CO2 emissions reduction targets in 2020 and 2021 but the brand has developed contingency plans in case sales are insufficient.

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COBALT: Volvo Cars, China in first blockchain project for recycled cobalt

  • Date: 02-08-19
  • Category: COBALT
  • Source: Reuters

LONDON (Reuters) - Volvo Cars, owned by China’s Geely [GEELY.UL], has produced the first cars containing recycled cobalt mapped using a blockchain, and has joined a separate project to monitor cobalt from Democratic Republic of Congo, Volvo said.

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