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PGM PROJECTS: Implats rules shareholder returns more important than greenfields Waterberg JV project

IMPALA Platinum (Implats) confirmed its intention not to take a majority position in the Waterberg JV project saying that shareholder returns and a strong balance sheet were its priorities over development of a new mine.

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BATTERIES: EIB and Umicore conclude €125M loan for EV battery materials production in Poland

  • Date: 17-06-20
  • Category: BATTERIES
  • Source: Green Car Congress

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. The cathode materials will be supplied to battery manufacturers of high-tech lithium-ion batteries that are primarily used in electric vehicles.

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COBALT: Tesla to buy cobalt from Glencore for new car plants

  • Date: 16-06-20
  • Category: COBALT
  • Source: Financial Times

Tesla will buy cobalt from Glencore for use in two new car plants in a deepening of ties between Elon Musk’s electric car maker and the Swiss mining group. Glencore will supply Tesla’s new Shanghai Gigafactory and its planned Berlin facility with the metal used in lithium-ion batteries, according to people familiar with the matter.

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PGM PROJECTS: Platreef Successfully Completes Sinking of Shaft 1 to its Final Depth of Approximately 1,000 Metres Below Surface

  • Date: 16-06-20
  • Category: PGM PROJECTS
  • Source: Yahoo Finance

Mokopane, South Africa--(Newsfile Corp. - June 16, 2020) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng "Miles" Sun announced today that the company's South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 to a final depth of 996 metres below surface, at the company's palladium, platinum, nickel, copper, gold and rhodium Platreef mining licence.

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ELECTRIC VEHICLES: Green number plates that could give electric car drivers perks get go-ahead

Drivers of zero-emission cars are to be given distinctive green number plates which could make them eligible to by-pass congestion zone charges or secure cheaper parking.

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NORNICKEL: Norilsk Nickel board backs creating sustainable development role after spill

  • Date: 16-06-20
  • Category: NORNICKEL
  • Source: Leader Post

MOSCOW — The board of Norilsk Nickel has recommended creating a position of senior vice-president for sustainable development, the Russian mining company said on Monday, following a fuel spill in the Arctic city where it is based.

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NORNICKEL: Russia opens criminal case against Nornickel staff over 2017-2019 pollution

  • Date: 16-06-20
  • Category: NORNICKEL
  • Source: Reuters

MOSCOW (Reuters) - Russia’s Investigative Committee on Tuesday opened a criminal case against employees of Norilsk Nickel over the discharge of waste water into a river and soil between 2017 and 2019.

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OIL: BP Writes Off Billions as Covid Redraws Rules of Oil Demand

  • Date: 15-06-20
  • Category: OIL
  • Source: Bloomberg

BP Plc will make the biggest writedown in a decade on the value of its business, as the British oil major predicts the coronavirus pandemic will hurt long-term demand and accelerate the shift to cleaner energy.

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