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PGM PRODUCERS: Sibanye’s Froneman says no M&A until debt cut and dividend revived

Neal Froneman, the CEO of diversified precious-metals producer Sibanye-Stillwater, is in no hurry to acquire new assets. Amid the Covid-19 pandemic, the company is focusing on deleveraging, which means paying down debt and bringing back a dividend.

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MACROECONOMICS: France to Unveil Aid Packages for Auto, Aviation Industries

French Finance Minister Bruno Le Maire pledged government-support measures for the car and aviation industries by the end of June, including incentives to buy electric vehicles.

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NORNICKEL: Russia's Nornickel uses freight flights for palladium exports amid coronavirus

  • Date: 14-05-20
  • Category: NORNICKEL
  • Source: Nasdaq

MOSCOW, May 14 (Reuters) - Russia's Norilsk Nickel GMKN.MM, the world's largest palladium producer, said on Thursday it was using air cargo flights to ship supplies of palladium and platinum because most of the passenger flights it usually uses had been suspended.

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ESKOM: Eskom Considers Delaying Closure of Three Coal-Fired Plants

  • Date: 14-05-20
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd., South Africa’s state-owned power utility, is considering delaying the closure of three of its oldest coal-fired power plants by several years to maintain generation capacity.

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PGM PROJECTS: Clean Air Metals Advancing two Ontario PGE-Nickel-Copper projects

  • Date: 14-05-20
  • Category: PGM PROJECTS
  • Source: Resource World

Clean Air Metals Inc. is the new corporate entity created from the former Regency Gold Corp. shell company. Noting the drive for carbon-free transportation, the new management team is focused on two platinum-palladium-nickel-copper exploration projects in northwestern Ontario.

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PGM PRODUCERS: Northam Platinum: Riding out the storm

Companies worldwide have been scrambling for cash against a desperately uncertain future, and platinum group metal miner Northam Platinum this week managed to switch R1.9bn of bond notes under its R10bn bond programme, effectively helping it raise cash and conserve money that would otherwise have been paid out. CEO Paul Dunne described the swap as "a very positive outcome". We asked him why.

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PGM PROJECTS: No worse place for a mine

Sulfide-ore mining for copper, nickel and other metals in the United States has a flawless environmental record—meaning that a perfect 14-of-14 operating mines (representing 89 percent of U.S. copper production) were found to have released toxic contaminants via accidental releases such as pipeline failures, tailings dam spills, water treatment failures and seepage into groundwater supply.

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FUEL CELLS: Bosch calls on EU to 'boldly embrace' fuel cell vehicles to meet climate goals

  • Date: 14-05-20
  • Category: FUEL CELLS
  • Source: Auto News

FRANKFURT -- Robert Bosch has called on the European Union to encourage a switch to a hydrogen-based economy to meet the bloc's climate commitments. Without fuel cells that use compressed hydrogen to generate electricity or synthetic "eFuels" that require the gas as a building block, the EU risks missing its goal of carbon neutrality by 2050, according to Bosch CEO Volkmar Denner.

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