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EMISSIONS: VW says car prices will rise significantly to comply with CO2 emissions limits

  • Date: 13-01-19
  • Category: EMISSIONS
  • Source: Auto News Europe

Volkswagen Group said higher material costs to comply with CO2 emissions regulations will significantly increase the price of its cars in the medium-term.

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PGM SUPPLY: Mnangagwa’s Russia Visit Expected To Revive US$3 Billion Darwendale Platinum Project

  • Date: 13-01-19
  • Category: PGM SUPPLY
  • Source: Pindula News

President Emmerson Mnangagwa is expected to visit Russia and three other Former Soviet Socialist Republics (FSSRs) this week. The visit to Russia is expected to unlock US$3 billion for the Darwendale platinum project.

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ELECTRIC VEHICLES: China: Regulatory chaos, confusion reign over EV market

The severe downturn in China’s traditional vehicle market in the second half of 2018 caught automakers unprepared.

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AUTO SALES: Beijing mulls policies to encourage auto purchases in rural China

  • Date: 11-01-19
  • Category: AUTO SALES
  • Source: Auto News China

The Chinese government is weighing policies to encourage rural residents to buy new vehicles, a senior government official told the state-owned China Central Television Station.

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CHROME ORE: Tharisa adjusts 2019 guidance as reports chrome grade stumble in Q1

  • Date: 11-01-19
  • Category: CHROME ORE
  • Source: Mining MX

LOWER recoveries and poor plant availability got Tharisa off to a relatively poor start to the 2019 financial year with first quarter chrome concentrate output coming in at 305,400 tonnes – enough to trigger an adjustment to full-year guidance.

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PGM PRODUCERS: Lenders agree to retain covenant terms on Sibanye-Stillwater debt despite ructions

THE health of Sibanye-Stillwater’s balance sheet is likely to remain a theme of the company’s business case throughout 2019 as it was in 2018, but today the firm took comfort in lenders agreeing to the upper limits of covenants against its debt.

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CHINA: The People's Bank of China announces the 2019 precious metal commemorative coin project issuance plan

  • Date: 11-01-19
  • Category: CHINA
  • Source: Chinese Government

The People's Bank of China 2019 precious metal commemorative coin project issuance plan includes 13 projects and 66 varieties.

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ELECTRIC VEHICLES: A Reuters analysis of 29 global automakers found that they are investing at least $300 billion in electric vehicles, with more than 45 percent of that earmarked for China.

Global automakers are planning an unprecedented level of spending to develop and procure batteries and electric vehicles over the next five to 10 years, with a significant portion of their budgets targeted at China, according to a Reuters analysis of public data released by those companies.

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