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RUSSIA: Major Russian bank to allocate 1 trillion rubles to arctic exploration efforts

  • Date: 22-11-19
  • Category: RUSSIA
  • Source: Meduza

The Russian bank VTB has announced plans to allocate 1 trillion rubles ($15.7 billion) to development efforts in the Arctic over the course of the next two years, RBC reported.

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ESKOM: Ex-Eskom official accused of R53m fraud back in court in December

  • Date: 22-11-19
  • Category: ESKOM
  • Source: IOL

A former Eskom employee accused of colluding with a businessman to swindle millions from the power utility will be back in court next month.

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PGM PROJECTS: DNR to complete independent review of Twin Metals

  • Date: 22-11-19
  • Category: PGM PROJECTS
  • Source: Duluth News Tribune

The state agency cited "credibility and transparency" in splitting its environmental review from the federal process.

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AUTO SALES: GM CEO Mary Barra Says Customers ‘Aren’t Interested’ In Hybrids

  • Date: 22-11-19
  • Category: AUTO SALES
  • Source: GM Authority

General Motors CEO Mary Barra spoke at a conference hosted by British investment bank Barclays in New York this week, where she addressed a number of pertinent topics, including GM’s forthcoming new fully electric pickup truck and the automaker’s future strategy for electrified vehicles.

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SOUTH AFRICA: Two unions vie for power in Marikana and the result can be murder

  • Date: 21-11-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Kaizer Lungisa Madiba is the latest mineworker to be murdered in Marikana as tensions between Amcu and NUM continue to simmer. With NUM trying to recruit members in the area, he might not be the last.

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BATTERIES: BMW places $11 billion order for battery cells

  • Date: 21-11-19
  • Category: BATTERIES
  • Source: Europe Auto News

BERLIN -- BMW has ordered battery cells worth more than 10 billion euros ($11.07 billion) from Contemporary Amperex Technology (CATL) of China and Samsung SDI of South Korea

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AUTO NEWS: Continental to cut 5,000 jobs as combustion engine demand falls

  • Date: 21-11-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

FRANKFURT -- Continental will reduce its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.

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INVESTMENT: Amplats throws weight behind WPIC saying it has “proven its business case”

  • Date: 21-11-19
  • Category: INVESTMENT
  • Source: Mining MX

ANGLO American Platinum (Amplats) has thrown its weight behind the World Platinum Investment Council (WPIC), saying it and the remaining members would continue to invest in the organisation.

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