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SOUTH AFRICA: Government Prepares $16 Billion Bailout Package for Eskom

What Happened: South Africa's government is planning to provide a $16 billion bailout to Eskom in its latest effort to stabilize the notoriously embattled public utility monopoly, Bloomberg reported June 30.

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NORNICKEL: Four new electric drive 90 t BELAZ trucks for Nornickel Bystrinsky

  • Date: 01-07-19
  • Category: NORNICKEL
  • Source: IM Mining

Four new BELAZ-75581 haul trucks with the carrying capacity of 90 t have been added to the rolling fleet of the Bystrinsky mining and processing factory, representatives of the Belarusian automobile engineering company BELAZ told news agency BelTA. IM understands that these are electric drive trucks; BELAZ is one of only a handful of OEMs to produce electric drive trucks in this class. The drives are the Russian made Electrosila brand type by Power Machines. Bystrinsky is part of Norilsk Nickel.....

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AUTO SALES: The new vehicle purchase tax law was officially implemented in China from July 1st

  • Date: 01-07-19
  • Category: AUTO SALES
  • Source: Xinhuanet

From July 1st, the vehicle purchase tax law was officially implemented, the minimum taxable price was abolished, and the actual price of the car will be taxed. Some car owners will pay less tax.

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PGM PROJECTS: Noront targeting 5-year timeline to open first Ring of Fire mine

  • Date: 30-06-19
  • Category: PGM PROJECTS
  • Source: TB News Watch

THUNDER BAY – The first ore from the Ring of Fire could come out of the ground in five years, potentially finally unlocking the mineral-rich area that has long been promised to stoke Northern Ontario economic development opportunities.

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SOUTH AFRICA: Government is out of cash: report

  • Date: 30-06-19
  • Category: SOUTH AFRICA
  • Source: Business Tech

Several state companies and municipalities are scrambling to find money to pay salaries – and unions are not happy about it, reports the City Press.

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ZIMBABWE: Kariba Dam left with 4 metres before switching off

  • Date: 30-06-19
  • Category: ZIMBABWE
  • Source: Bulawayo 24

Zambian media have reported that water level in Kariba Dam is left with about 4 metres before reaching the minimum height level for hydro-power generation.

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SOUTH AFRICA: Unions meet to discuss plan of action over rampant retrenchments

Johannesburg - Two main labour union federations are this week meeting with their affiliates to discuss a plan of action in response to looming retrenchments by major companies that would leave thousands of employees jobless.

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FUEL CELLS: Cummins to acquire fuel-cell provider Hydrogenics

  • Date: 29-06-19
  • Category: FUEL CELLS
  • Source: Green Car Congress

Cummins Inc. has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel-cell systems provider Hydrogenics Corporation for US$15.00 per share in cash, other than shares already owned by The Hydrogen Company, representing an enterprise value of approximately $290 million.

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