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PGM PRODUCERS: Anglo posts 45% increase in earnings

Anglo American continued to ride the wave of high demand and increasing commodity prices on its custom-made board of low costs and higher value products in the six months to June. While mining and sales volumes decreased in just about all of its divisions and revenue increased by only 8%, profit attributable to shareholders increased by a huge 46% in dollar terms.

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INVESTMENT: Billionaire Agarwal Walks Away From Anglo American Stake

  • Date: 25-07-19
  • Category: INVESTMENT
  • Source: Bloomberg

Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company..

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PGM PRODUCERS: Anglo American joins the share buyback club

Anglo American has announced plans for a $1bn share buyback after the miner reported it best half-year results since 2011 on the back of surging iron ore prices.

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ELECTRIC VEHICLES: Evergrande, Germany's Hofer to develop EV powertrains

China Evergrande Group has formed a joint venture with German automotive powertrain specialist Hofer to develop electric vehicle powertrains as the leading Chinese real-estate developer seeks to expand its presence in the domestic EV sector.

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LITHIUM: Cornish Lithium exceeds £1m crowdfunding target

  • Date: 25-07-19
  • Category: LITHIUM
  • Source: Mining Weekly

The British mining company that turned to crowdfunding to raise cash for its lithium project in south-west England has successfully met its target of £1-million – 12 days after launching its campaign.

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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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