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AUTO PRODUCTION: Nissan, Honda delay restart of some China plants due to coronavirus

Nissan and Honda delayed on Friday the restart of plants in China near the epicentre of a coronavirus outbreak, complying with authorities' directives, but raising the risk of further supply disruptions that could hit global car production.

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MINING: Brazil's Vale reports surprise loss amid base metal issues

  • Date: 21-02-20
  • Category: MINING
  • Source: Reuters

RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale SA severely missed quarterly profit and margin estimates on Thursday, largely due to impairments related to its base metal and coal operations and the lingering effects of a deadly dam burst in January 2019.

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DIESEL: Daimler Braces for Higher Mercedes-Benz Diesel Costs in Germany

  • Date: 21-02-20
  • Category: DIESEL
  • Source: Bloomberg

Daimler AG warned of a further crackdown on Mercedes-Benz diesel vehicles in Germany and boosted provisions for legal and regulatory costs that already crimped profit last year.

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AUTO SALES: Europe outperforms Global market in 2019 – posting the highest registrations of the last twelve years

  • Date: 20-02-20
  • Category: AUTO SALES
  • Source: Jato

The turbulence that hit the global auto industry in 2019 was not strong enough to damage the demand for new cars in Europe. In fact, the volume of vehicle sales increased by 1.1% for the passenger car market in Europe-27, this is in contrast to the negative results experienced in China and the USA, where sales fell by 8% and 2% respectively. In addition, 2019 was the fifth consecutive year of growth for Europe, and the highest result seen since 2007 when the market exceeded the 16 million units mark.

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APPOINTMENT: Anglo American Platinum announces appointment of Natascha Viljoen as CEO

  • Date: 20-02-20
  • Category: APPOINTMENT
  • Source: Anglo American Platinum

The Board of Anglo American Platinum Limited (“Anglo American Platinum”) announces the appointment of Natascha Viljoen as CEO, with effect from 16 April 2020, following Chris Griffith’s decision to step down after more than seven years to pursue other career opportunities.

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FUEL CELLS: Hydrogen fuel cells the next big disruptive technology – Sibanye-Stillwater

  • Date: 19-02-20
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The next big disruptive technology will be hydrogen fuel cell technology, which is platinum rich, Sibanye-Stillwater CEO Neal Froneman said on Wednesday.

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ACQUISITION: Orocobre Agrees to Acquire Advantage Lithium Corp.

Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) (TSX Venture: AAL) (OTCQX: AVLIF) that it does not already own.

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PGM PRODUCERS: Marikana in a starring role as Sibanye-Stillwater swings back to profit

Diversified precious metals producer Sibanye-Stillwater and its CEO Neal Froneman had an eventful 2019, which included a damaging gold strike and the acquisition of Lonmin. The company also returned to profit, lifted in part by Lonmin’s former Marikana mine.

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