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ESKOM: Ramaphosa must fix Eskom as miners stare into the abyss

  • Date: 17-12-19
  • Category: ESKOM
  • Source: Mining Journal

It's crunch time for Eskom. The heavily indebted state-owned power monopoly is haemorrhaging cash at a time when South Africa's economy is in the doldrums and the fiscal metrics are deteriorating at a much faster pace than anticipated.

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ACQUISITIONS: Implats concludes acquisition of North American Palladium

  • Date: 17-12-19
  • Category: ACQUISITIONS
  • Source: Mining Review

Implats has concluded the acquisition of 100% of the outstanding shares in Canadian PGM miner, North American Palladium (NAP).

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PGM PROJECTS: Eurasia Mining receives approval for Monchetundra flanks project

  • Date: 17-12-19
  • Category: PGM PROJECTS
  • Source: Proactive Investors

Eurasia Mining PLC (LON:EUA) shares rose after announcing the Russian ministry of defence has approved its application for the Monchetundra flanks project.

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AUTO NEWS: What does your car know about you? We hacked a Chevy to find out.

  • Date: 17-12-19
  • Category: AUTO NEWS
  • Source: Washington Post

Our privacy experiment found that automakers collect data through hundreds of sensors and an always-on Internet connection. Driving surveillance is becoming hard to avoid.

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ELECTRIC VEHICLES: Mercedes delays U.S. sales of EQC electric crossover

The wait for an all-electric Mercedes-Benz in the world's No. 2 auto market just got longer.

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WAGE NEGOTIATIONS: S.Africa's Northam agrees Booysendal platinum mine wage deal

JOHANNESBURG, Dec 13 (Reuters) - South African miner Northam Platinum Ltd NHMJ.J said on Friday its Booysendal operations had reached a five-year wage settlement with the Association of Mineworkers and Construction Union (AMCU).

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PGM PRODUCERS: Northam raises R500m for Eland development

  • Date: 13-12-19
  • Category: PGM PRODUCERS
  • Source: Engineering News

Platinum group metals miner Northam Platinum has completed a private placement of senior, unsecured, floating rate domestic medium-term notes to the value of R500-million.

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SOUTH AFRICA: Eskom terminates load shedding but trouble looms in January 2020

  • Date: 13-12-19
  • Category: SOUTH AFRICA
  • Source: The South African

South Africans can finally breathe a brief a slight sigh of relief, following weeks of electrical disruptions resulting directly from the national power supplier’s dismal operational incapacity. While the country was warned of Eskom’s rickety summer power plan as early as September, the reality of protracted powerlessness proved more daunting and damaging than could’ve been imagined.

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