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ESKOM: With low demand, Eskom can now maintain its system, but warns it will be at a cost

  • Date: 05-04-20
  • Category: ESKOM
  • Source: Times Live

Power utility Eskom says though the low electricity demand during the lockdown gives it an opportunity to maintain its power stations, the lower usage also has negative financial implications.

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ESKOM: Lockdown to hit Eskom’s revenue by R3bn

  • Date: 05-04-20
  • Category: ESKOM
  • Source: Business Live

Eskom expects to take a more than R3bn hit to its revenue over the 21-day lockdown due to low demand for electricity and an anticipated lower collection rate as customers come under financial pressure, the power utility's CFO, Calib Cassim, said on Friday.

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PGM PRODUCERS: Northam buys R1.27bn in Zambezi preference shares after doubling loan note programme

NORTHAM Platinum took its ownership of Zambezi Platinum to 33.4% from 22% previously after buying 16.7 million of the firm’s preference shares on April 3.

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PGM PROJECTS: Tharisa: Developing a future in Zimbabwe

  • Date: 04-04-20
  • Category: PGM PROJECTS
  • Source: Mining Review

In a bid to diversify its asset base and revenue stream from its PGM and chrome asset in South Africa, JSE-listed Tharisa has done so by acquiring low-risk entry options in two projects – Salene Chrome and Karo Platinum – both of which are located the within the mineral-rich Great Dyke in Zimbabwe.

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PGM PROJECTS: Platinum Group Metals Ltd. Reports Impala's Waterberg Amended Purchase and Development Option Agreement Completed; Work Program in Progress

  • Date: 03-04-20
  • Category: PGM PROJECTS
  • Source: Platinum Group Metals

In consideration for the amendment, announced February 27, 2020, Implats is funding 100% of a new implementation budget and work program (the "Work Program") effective February 1, 2020. The Work Program, as approved by Waterberg JV Co., is aimed at increasing confidence in specific areas of the Waterberg DFS while awaiting the expected grant of a Mining Right and Environmental Authorization and is estimated to cost approximately Rand 55 million.

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SOUTH AFRICA: Wind farms seek counsel on Eskom curtailing supply amid Covid-19 outbreak

Cape Town - The wind independent power producers (IPP) industry is seeking legal counsel on whether reduced electricity demand as a result of Covid-19 outbreak allows Eskom to cut back on energy from operational wind farms.

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PGM PROJECTS: Wesizwe Platinum delay in provision of results for the year ended 31 December 2019

Shareholders are hereby advised that, as a result of the lockdown announced by the President on 20 March 2020, the publication of the Company’s financial results for the year ended 31 December 2019 will be delayed. The lockdown required the Bakubung Platinum Mine to be put in to care and maintenance for 21 days.

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PGM PROJECTS: Waterberg JV partners sign amended agreement

  • Date: 03-04-20
  • Category: PGM PROJECTS
  • Source: Mining Weekly

Dual-listed Platinum Group Metals (PTM) says the shareholders of Waterberg JV Resources have executed a formal amended purchase and development option agreement with Impala Platinum (Implats).

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