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ACQUISITION: North American Palladium acquires 51% of Sunday Lake PGM project

  • Date: 04-10-19
  • Category: ACQUISITIONS
  • Source: Northern Miner

On the back of record quarterly revenues from its wholly-owned Lac des Iles mine, 106 km northwest of Thunder Bay, Ontario, pure-play palladium producer North American Palladium (TSX: PDL; US-OTC: PALDF) recently added to its regional presence by acquiring 51% of the nearby Sunday Lake platinum group metal project, just 60 kilometres south of its mine.

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BATTERIES: South Africa’s Eskom plans biggest battery site by 2021

  • Date: 04-10-19
  • Category: BATTERIES
  • Source: Rethink Research

South Africa’s energy utility Eskom is preparing to launch a tender for 1.4 GWh of battery storage, likely to be the largest battery in the world once it gets built. The aim is to use it to support renewables on the grid, and to install it by December 2021. This is one of those ‘dramatic’ moments when an operator that has been ignoring renewable energy finally realizes that it can be cheap, and cut its costs. Eskom has drifted into major losses over the past two years, and is looking for a new

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RHODIUM: Rhodium punches above its weight with strong prices

  • Date: 04-10-19
  • Category: RHODIUM
  • Source: Northern Miner

Rhodium is an irreplaceable material for complying with carbon emissions standards in gasoline-powered vehicles, which consume almost all of its annual production. But while global auto sales declined in late 2018 and the first eight months of this year, rhodium spot prices soared during that period to nearly double their ten-year high.

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PGM PROJECTS: Waterberg DFS pegs 45-year mine life for Platinum Group Metals

  • Date: 04-10-19
  • Category: PGM PROJECTS
  • Source: Northern Miner

With palladium prices touching all-time highs of nearly US$1,700 per oz., Platinum Group Metals (TSX: PTM) tabled its definitive feasibility study for the Waterberg PGM project in South Africa’s Bushveld Complex outlining a significant boost in palladium, platinum, gold and...

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PGM PRODUCERS: Sibanye commences restructuring process, creates new holding company

Sibanye-Stillwater (SBGL +3.6%) is planning to acquire Sibanye Gold as part of a necessary restructuring following the company’s recent merger with Lonmin.

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AUTO SALES: UK car market 'weak' as Brexit bites

  • Date: 04-10-19
  • Category: AUTO SALES
  • Source: Just Auto

The UK new car market was up 1.3% in September at 343,255 units, although the cumulative total for the first nine months stood at 1,862,271 units, some 2.5% below last year's level.

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PGM PRODUCERS: Lonmin mine workers march against planned job cuts

Thousands of mine workers facing the chop at Sibanye Platinum Mine, formally known as Lonmin in Marikana, say they will not sit back, while the company embarks on mass retrenchments.

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ENERGY: Clean energy company to raise £52 million

  • Date: 03-10-19
  • Category: ENERGY
  • Source: Insider Media

Listed energy storage and clean fuel company ITM Power has revealed plans to raise £52m. This includes an investment from industrial gases and engineering specialist Linde, which will also enter into a joint venture with the Sheffield-headquartered company.

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