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RAND: South Africa’s rand steady as gold gains lift stocks

  • Date: 25-12-19
  • Category: Rand
  • Source: Business Recorder

An interim trade deal between the United States and China and bets of further gains in the rand helped the South African currency hold its ground on Tuesday, while a rising gold price supported stocks, which closed higher.

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PGM PROJECTS: Environmentalists win new review of Twin Metals mine impact

  • Date: 24-12-19
  • Category: PGM PROJECTS
  • Source: Star Tribune

Environmentalists trying to stop a controversial copper-nickel mine near the Boundary Waters Canoe Area Wilderness in northern Minnesota won a partial victory in a massive federal spending bill that includes a provision for a new study of potential water pollution from the project.

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PGM PROJECTS: Noront Announces Debt Extension and Royalty Sale and Provides Additional Updates

  • Date: 23-12-19
  • Category: PGM PROJECTS
  • Source: Junior Mining Network

TORONTO, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) has extended the terms of its current debt facilities with Franco-Nevada Corporation ("Franco-Nevada") and Resource Capital Fund V L.P. ("RCF V"). The Company’s loan with Franco-Nevada has been extended to September 30, 2022 and the maturity of its convertible debenture with RCF V has been extended to September 30, 2021.

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ESKOM: Cosatu’s plan to save Eskom without losing jobs

  • Date: 21-12-19
  • Category: ESKOM
  • Source: Business Tech

South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd. be put into a special purpose vehicle to help save the utility and avoid job cuts.

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AUTO SALES: Commercial vehicle registrations: +2.2% 11 months into 2019; -8.9% in November

  • Date: 20-12-19
  • Category: AUTO SALES
  • Source: ACEA

In November 2019, commercial vehicle registrations fell again (-8.9%), marking the third consecutive month of decline across the European Union.

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SOUTH AFRICA: Minerals Council South Africa calls for urgent intervention in violent organised crime afflicting the sector

  • Date: 20-12-19
  • Category: SOUTH AFRICA
  • Source: Minerals Council South Africa

Johannesburg, 20 December 2019: The Minerals Council South Africa has called for urgent intervention by the Ministers of Police and Mineral Resources and Energy to prevent and investigate the violent assaults by heavily armed intruders on mining company targets, especially smelt houses. In the past year alone, the gold industry alone has suffered nine significant attacks that have seen employees and security personnel held hostage and assaulted.

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COBALT: Glencore acquires land rights from DRC state partner

  • Date: 20-12-19
  • Category: COBALT
  • Source: Financial Times

Glencore’s subsidiary in the Democratic Republic of Congo has acquired land for a new tailings storage facility from state miner and partner Gécamines. Katanga, which is almost 100 per cent owned by Glencore following a recent debt-for-equity swap, will pay up to $250m under the deal for the rights to the land. The agreement will help to mitigate the risks resulting from land constraints and “enhance its ability to more efficiently operate the mines,” Katanga said in a press release.

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HYDROGEN: Denmark bets on green hydrogen

  • Date: 20-12-19
  • Category: HYDROGEN
  • Source: PV Magazine

The Danish government has agreed to provide $19 million in funds for two large-scale hydrogen projects under development on the Jutland peninsula. The two projects will produce green hydrogen for the transport sector from renewable sources. Denmark’s largest energy company, Ørsted, has also announced plans for an ambitious 2 MW electrolysis plant with appurtenant hydrogen storage.

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