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EMISSIONS: South Africa's Eskom needs $12 billion to comply with new emissions laws

  • Date: 20-11-19
  • Category: EMISSIONS
  • Source: Reuters

CAPE TOWN (Reuters) - South Africa’s power utility Eskom needs around 187 billion rand ($12.60 billion) to comply fully with existing legislation curbing harmful emissions, a government presentation to parliament showed on Wednesday.

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ESKOM: South Africa’s Choice of White CEO for Eskom Angers Labor Unions

  • Date: 20-11-19
  • Category: ESKOM
  • Source: Bloomberg

The South African government's selection of a white executive to head the state power utility has outraged some unionists and politicians who see the move as a setback to efforts to address the nation's racial disparities.

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PALLADIUM: Russia to Become World’s Top Palladium Producer After $15Bln Arctic Investment

  • Date: 20-11-19
  • Category: PALLADIUM
  • Source: The Moscow Times

Nornickel and Russian Palladium to invest in huge production plant in Arctic tundra.

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NORNICKEL: Russian smelting giant invests billions in green modernisation

  • Date: 20-11-19
  • Category: NORNICKEL
  • Source: Helsinki Times

Norilsk Nickel, the world's largest producer of nickel and palladium, is closing down obsolete plants, as announced at the company presentation for the Investor Day in London recently. As company representatives explained, this decision is a part of Nornickel's updated environmental strategy.

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NORNICKEL: Russian businessman Potanin says he may raise stake in Nornickel

  • Date: 20-11-19
  • Category: NORNICKEL
  • Source: Reuters

MOSCOW (Reuters) - Russian businessman Vladimir Potanin, the biggest shareholder in Norilsk Nickel, said on Wednesday he may raise his stake in the Russian mining giant if the opportunity arises.

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INVESTMENT: Sibanye-Stillwater bails from WPIC, Implats says departure is “big loss” to organisation

  • Date: 20-11-19
  • Category: INVESTMENT
  • Source: Mining MX

SIBANYE-Stillwater confirmed it was heading out of the World Platinum Investment Council (WPIC), saying that as “a new kid on the block” the company had a different take on how to stimulate demand for platinum group metals (PGMs).

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PGM PRODUCERS: Northam raises R1.35bn under note programme, makes further in-roads into debt

NORTHAM Platinum said it had completed the private placement of domestic term notes worth R1.35bn in a book-build that was oversubscribed.

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ESKOM: Eskom expects unbundling of transmission to be done by March

  • Date: 20-11-19
  • Category: ESKOM
  • Source: Eye Witness News

CAPE TOWN – Following the announcement of Andre de Ruyter as Eskom’s new CEO this week, the Department of Public Enterprises has on Wednesday given details about plans to unbundle the cash strapped utility.

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