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PGM PROJECTS: PTM says SA Govt. could make decision on Waterberg JV mining licence application in June

A MINING licence could be awarded to Platinum Group Metals’ (PTM’s) palladium project, the Waterberg Joint Venture in South Africa, as early as June, said PTM president and CEO, Mike Jones.

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AUTO PRODUCTION: Wuhan offers consumer incentives to support local auto industry

A Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China's epicenter of the novel coronavirus disease outbreak, were further eased on April 8, 2020.

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ESKOM: South African energy regulator allows Eskom to claw back $718m in tariffs

  • Date: 16-05-20
  • Category: ESKOM
  • Source: CGTN Africa

South African energy regulator Nersa said on Friday it will allow utility Eskom to recover 13.3 billion rand ($718 million) from customers for electricity supplied in the 2018/19 financial year, lower than what the state-owned power utility had applied for.

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SOUTH AFRICA: The importance of localisation has never been more evident

  • Date: 16-05-20
  • Category: SOUTH AFRICA
  • Source: Engineering News

The South African government has been encouraging the localisation of manufacturing for years and, given the current Covid-19 pandemic and its effect on global supply chains, this drive has become more pertinent, says refractory producer and supplier Refractory and Metallurgical Solutions (RMS).

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PGM PRODUCERS: South Africa's Impala closes platinum mine due to coronavirus cases

JOHANNESBURG (Reuters) - South Africa’s Impala Platinum said on Saturday it would temporarily close its Marula mine after detecting 19 coronavirus cases among workers reporting back for duty at the site in northern Limpopo province.

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NORNICKEL: Nornickel Advances Additional Life-Saving Support to the Population in the Russian Far North

  • Date: 15-05-20
  • Category: NORNICKEL
  • Source: Digital Journal

​In a continuing effort to support local communities where Norilsk Nickel operates, the company extended additional measures that will help tens of thousands of people to get medical help and protection, weather the pandemic and make their ends meet. 

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PGM PRODUCERS: Sibanye’s Froneman says no M&A until debt cut and dividend revived

Neal Froneman, the CEO of diversified precious-metals producer Sibanye-Stillwater, is in no hurry to acquire new assets. Amid the Covid-19 pandemic, the company is focusing on deleveraging, which means paying down debt and bringing back a dividend.

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MACROECONOMICS: France to Unveil Aid Packages for Auto, Aviation Industries

French Finance Minister Bruno Le Maire pledged government-support measures for the car and aviation industries by the end of June, including incentives to buy electric vehicles.

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