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WAGE NEGOTIATIONS: Platinum Giants Bolster Positions Before Wage Talks Begin

When the world’s biggest platinum miners sit down to hammer out a wage deal with one of South Africa’s most militant labor unions this week, they’ll hold two potentially winning cards in reserve: the cash and metal stockpiles to endure a strike.

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ZIMBABWE: Emmerson Mnangagwa requests urgent Eskom power supply for Zimbabwe

  • Date: 08-07-19
  • Category: ZIMBABWE
  • Source: Business Live

The crisis is so bad that businesses and homes have to cope with 16-hour cuts a day

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WAGE NEGOTIATIONS: Mathunjwa risks losing AMCU amid questions of identity and direction

THE Association of Mineworkers and Construction Union (AMCU) seems to have reached a plateau after its five-month strike in Sibanye-Stillwater’s gold mines effectively accomplished nothing beyond the impoverishment of its members. This winter’s platinum wage talks will show if it remains a force to be reckoned with or one that is about to hit a dead end.

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FUEL CELLS: Plug Power CEO: Soon Fuel Cells Will Be Everywhere, Really

  • Date: 08-07-19
  • Category: FUEL CELLS
  • Source: Forbes

Over the past five years Plug Power has installed more than 25,000 fuel cell units, including 5,500 units at 22 Walmart distribution centers. Indeed, the fuel cell industry may finally be getting some traction after a decade of slow adoption and technical frustration. The question now for companies like Plug Power is this: can they parlay survival into full-blown success? Plug Power’s CEO Andy Marsh is optimistic. I had a chance to catch up with Marsh recently and get his perspective on the ...

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MACROECONOMICS: BASF Profit Warning Ripples Through Economy From Cars to Crops

BASF SE fired a warning shot across industries, as the world’s largest chemical company said slowing markets from cars to crops and the impact of the U.S.-China trade war threaten to cut profit by 30% this year.

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NORNICKEL: Arctic’s biggest air-polluter distributes $3,7 billion in 2018 cash dividends to owners

  • Date: 08-07-19
  • Category: NORNICKEL
  • Source: The Barent Observer

The annual General Meeting of Shareholders in Norilsk Nickel approved the final dividends for 2018 at 792,52 rubles ($12,25) per ordinary share, in total about $1,9 billion. This comes in addition to the interim dividends of $1,8 billion already set aside for the first six months of 2018.

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ESKOM: Eskom to name acting CEO when Phakamani Hadebe steps down month end

  • Date: 07-07-19
  • Category: ESKOM
  • Source: Biz News

(Bloomberg) – South Africa’s struggling state-owned power utility will name an acting chief executive officer when incumbent Phakamani Hadebe steps down at the end of the month, according to a person familiar with the decision.

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ELECTRIC VEHICLES: Jaguar to make multi-million pound electric car investment in UK plant

LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty.

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