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ACQUISITIONS: Generation Mining closes Marathon PGM property acquisition

  • Date: 11-07-19
  • Category: ACQUISITIONS
  • Source: Globe News Wire

TORONTO, July 11, 2019 (GLOBE NEWSWIRE) -- Further to its press releases dated April 17, 2019, June 14, 2019 and June 25, 2019, Generation Mining Limited (the “Company” or “Gen Mining”) has, through a wholly-owned subsidiary, completed the acquisition (the “Closing”) of a 51% initial interest in the Marathon palladium project (the “Property”) located near Marathon, Ontario, from Stillwater Canada Inc. (“Stillwater”), a wholly owned subsidiary of Sibanye Gold Limited (which trades as Sibanye-Stillwater)....

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ESKOM: Eskom’s Biggest Power Plant Has Broken Pollution Equipment

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Bloomberg

Eskom Holdings SOC Ltd. said pollution reduction equipment at its biggest operational plant hasn’t been working properly since early last year.

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ESKOM: Eskom Gets Rescue Option as PIC Proposes Debt-Equity Swap

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Yahoo

(Bloomberg) -- A proposal by the biggest owner of Eskom Holdings SOC Ltd.’s debt to convert its $6.4 billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.

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FUEL CELLS: Fuel cells presenting mining, manufacturing with compelling opportunity – Isondo

  • Date: 11-07-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – If South Africans make use of their superior sunlight and their prime wind, they can generate a lot of carbon-free electricity at a cost potentially cheaper than when Eskom burns coal and pollutes the air.

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WAGE NEGOTIATIONS: Platinum mining companies prepare to respond to union demands

The first week of long-anticipated negotiations between platinum mining companies and the respective unions have begun with mining companies to respond to tabled demands next week - the quiet before the storm.

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PGM PRODUCERS: Tharisa reports improved production for last quarter

DURBAN – Intergrated resource group Tharisa is set to end the year in a strong position after it reported improved production update for the quarter to end June.

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ESKOM: South Africa to Announce Eskom-Funding Plan This Month

  • Date: 11-07-19
  • Category: ESKOM
  • Source: Bloomberg

South Africa’s Treasury will unveil plans later this month to provide more financial support to state-owned power utility Eskom SOC Holdings Ltd.

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AUTO SALES: Gloom in China's Car Market to Persist

  • Date: 10-07-19
  • Category: AUTO SALES
  • Source: Bloomberg Quint

(Bloomberg) -- The historic slump in China’s car demand is set to persist, with dealers showing no signs of boosting orders from manufacturers as economic woes and stricter emissions rules keep consumers away.

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