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SOUTH AFRICA: South Africa's rand firms to 3-month high, stocks down

JOHANNESBURG (Reuters) - South Africa’s rand rose against the dollar on Thursday to hit its strongest in nearly three months, tracking fellow emerging market currencies, as the dollar was dented by hopes of U.S. interest rate cuts.

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SOUTH AFRICA: SA unlikely to see new mines whilst Mining Charter III stays in current form

IF the third version of the Mining Charter is as investor-friendly as mines and energy minister, Gwede Mantashe, claims it is, where is the flood of new investment into South Africa’s dwindling mining sector?

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ACQUISITIONS: Thunder Bay junior miner zeros in on platinum, palladium

  • Date: 03-07-19
  • Category: ACQUISITIONS
  • Source: Northern Ontario Business

A Thunder Bay gold exploration company is picking up two high-grade platinum group metals (PGM) properties, west of the city.

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AUTO NEWS: Renault should sell Nissan stake and press ahead with FCA merger

  • Date: 03-07-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

Renault should sell its 43 percent in Nissan and merge with Fiat Chrysler Automobiles, says Bernstein analyst Max Warburton. In a letter to Renault Chairman Jean-Dominique Senard, Warburton writes that Renault should no longer cling to the idea that its alliance with Nissan can be preserved when all the indications are to the contrary. 

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DIESEL: London clean air rules accelerate slump in diesel cars demand

  • Date: 02-07-19
  • Category: DIESEL
  • Source: Financial Times

Last year, a quarter of customers at Alan Day’s London dealerships bought diesel cars. So far this year, demand for the fuel type from its five Volkswagen forecourts has fallen to just 2 per cent.

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AUTO SALES: Tesla Model 3 boosts electric-car demand in Norway to 45% of all sales in first half

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Europe Auto News

OSLO -- Booming sales of Tesla's Model 3 meant that 45 percent of all cars sold in the first half of the year in Norway were electric.

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AUTO SALES: Volkswagen says 50% of China sales will be NEVs by 2035

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Reuters

BEIJING (Reuters) - By 2035 half of Volkswagen’s sales in China will be new energy vehicles (NEVs), CEO Herbert Diess told a conference in Boao, China, on Tuesday, according to a company statement.

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AUTO SALES: China's Vehicle Sales Picked Up After Stimulus, Ministry Says

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

China’s vehicle sales picked up last month after provincial governments announced stimulus plans of their own to revive demand in the world’s biggest automobile market, the commerce ministry said.

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