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PGM PROJECTS: Platinum Group Metals closes private placement

  • Date: 01-07-19
  • Category: PGM PROJECTS
  • Source: Mining Weekly

Dual-listed Platinum Group Metals (PTM) has closed a nonbrokered private placement with Hosken Consolidated Investments (HCI), an existing major shareholder of the company, for gross proceeds of $1.3-million.

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BATTERIES: Plans to bring production of lithium-ion battery home to South Africa

  • Date: 01-07-19
  • Category: BATTERIES
  • Source: Herald Live

An eyesore, a hazard to our health and one of the key obstacles in the way of the Port Elizabeth waterfront development – manganese has been badmouthed for it all.

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SOUTH AFRICA: Inter-union rivalry at the root of the Marikana Massacre was masked by politics

Ask Ben Magara, the former CEO of Lonmin about the Marikana massacre, in which 44 miners lost their lives in the course of inter-union violence and protest action during a week in August 2012, and that’s what you’ll hear.

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SOUTH AFRICA: Government Prepares $16 Billion Bailout Package for Eskom

What Happened: South Africa's government is planning to provide a $16 billion bailout to Eskom in its latest effort to stabilize the notoriously embattled public utility monopoly, Bloomberg reported June 30.

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NORNICKEL: Four new electric drive 90 t BELAZ trucks for Nornickel Bystrinsky

  • Date: 01-07-19
  • Category: NORNICKEL
  • Source: IM Mining

Four new BELAZ-75581 haul trucks with the carrying capacity of 90 t have been added to the rolling fleet of the Bystrinsky mining and processing factory, representatives of the Belarusian automobile engineering company BELAZ told news agency BelTA. IM understands that these are electric drive trucks; BELAZ is one of only a handful of OEMs to produce electric drive trucks in this class. The drives are the Russian made Electrosila brand type by Power Machines. Bystrinsky is part of Norilsk Nickel.....

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AUTO SALES: The new vehicle purchase tax law was officially implemented in China from July 1st

  • Date: 01-07-19
  • Category: AUTO SALES
  • Source: Xinhuanet

From July 1st, the vehicle purchase tax law was officially implemented, the minimum taxable price was abolished, and the actual price of the car will be taxed. Some car owners will pay less tax.

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PGM PROJECTS: Noront targeting 5-year timeline to open first Ring of Fire mine

  • Date: 30-06-19
  • Category: PGM PROJECTS
  • Source: TB News Watch

THUNDER BAY – The first ore from the Ring of Fire could come out of the ground in five years, potentially finally unlocking the mineral-rich area that has long been promised to stoke Northern Ontario economic development opportunities.

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SOUTH AFRICA: Government is out of cash: report

  • Date: 30-06-19
  • Category: SOUTH AFRICA
  • Source: Business Tech

Several state companies and municipalities are scrambling to find money to pay salaries – and unions are not happy about it, reports the City Press.

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