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PGM PRODUCERS: RBPlat to post heavy interim loss owing to finance costs, Styldrift ramp up cost

ROYAL Bafokeng Platinum’s (RBPlat’s) Styldrift project was the focus of the platinum group metal (PGM) firm’s trading update on Tuesday which guided to a steep interim loss partly related to the newly commissioned project.

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LITHIUM: C$600m Pallinghurst backing for lithium junior Nemaska

  • Date: 22-07-19
  • Category: LITHIUM
  • Source: Mining Weekly

Junior miner Nemaska Lithium has potentially raised fresh capital to build the Whabouchi lithium mine and Shawinigan electrochemical, in Quebec, which faces cost overruns of about C$375-million.

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PGM PRODUCERS: Anglo Platinum 2019 Interim Results short form announcement

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum delivered another strong financial performance in H1 2019, with increased earnings, returns and operating cash flows, benefitting from strong market fundamentals which saw the US Dollar platinum basket price increase 16%, and coupled with a weakening rand, led to the ZAR platinum basket price increasing by 33% year-on-year.

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PGM PRODUCERS: Anglo American Platinum Interim Dividend Declaration

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

The Board is pleased to advise that at its meeting held on 18 July 2019, the directors approved the declaration of an interim gross cash dividend of 1,100 cents per share on the ordinary shares from profits accrued during the six-month period ended 30 June 2019, in line with the dividend policy of 40% pay-out ratio of headline earnings.

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PGM PRODUCERS: Anglo Platinum Interim Report for the six months ended 30 June 2019

  • Date: 22-07-19
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum announces strong financial results on back of robust market fundamentals.

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ESKOM: South African Ailing Power Giant Eskom to Get Extra $4.2 Billion

  • Date: 22-07-19
  • Category: ESKOM
  • Source: Bloomberg

South Africa will ramp up support for its ailing state-owned power utility Eskom Holdings SOC Ltd. with an additional 59 billion rand ($4.2 billion) spread over two years.

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PGM PRODUCERS: Amplats unveils R3bn interim dividend, but plays cards cautiously as wage talks begin

ANGLO American Platinum (Amplats) delivered on a widely anticipated increase in free cash flow by dint of six months of elevated pricing for platinum group metals (PGM), ending the year with net cash of R6bn (2018: +R477m).

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AUTO SALES: Continental's Warning on Car Slump Shows Reality Is Hitting Home

  • Date: 22-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

Continental AG investors breathed a sigh of relief on Tuesday after a long-expected warning about full-year earnings suggested the German car-parts maker is finally facing up to the deepening slump in global vehicle production.

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