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ESKOM: Amplats shows the effects of Eskom blackouts

  • Date: 17-02-20
  • Category: ESKOM
  • Source: Business Live

Anglo American Platinum (Amplats) gave an insight into what the devastation Eskom is causing for not just companies but the state as rolling blackouts become a factor of life.

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PGM PRODUCERS: Sibanye swings to big profit on the crest of strong metal prices

JOHANNESBURG - Sibanye - Stillwater on Friday reported that it had swung to a R433 million* ($30m) profit in the year ended December 2019 compared to a R2.5 billion ($191m) loss in 2018 on the windfall from strong metal prices.

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PGM PRODUCERS: Sylvania Platinum Going Strongly As CEO McConnachie Steps Down

(Alliance News) - Sylvania Platinum Ltd on Monday reported the departure of long-serving boss Terry McConnachie after an "excellent" first half.

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PGM PRODUCERS: Chris Griffith resigns as CEO of Amplats on day firm pays mammoth R14.2bn dividend

CHRIS Griffith, CEO of Anglo American Platinum (Amplats), called time on his seven year stint as CEO of the firm saying it had represented “the pinnacle” of his career.

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SUBSTITUTION: Market in the foothills of platinum recovery as automakers turn minds to substitution

THE market might be in the foothills of a platinum price recovery as automakers had “started to do some work” on how the metal could be used as a substitute for palladium, the dollar price of which had improved 48% in 2019.

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PGM PRODUCERS: Anglo American Platinum profits soar in company’s first fatality-free year

  • Date: 17-02-20
  • Category: PGM PRODUCERS
  • Source: Mining Technology

South African platinum giant Anglo American Platinum has announced that its net profit for 2019 more than doubled over 2018 on the back of higher platinum group metals (PGMs) prices, as the company recorded its first-ever fatality-free year. The annual results were published the same day CEO Chris Griffith announced he will step down as CEO and executive director in April 2020.

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AUTO PRODUCTION: FCA to halt output at Serbia plant due to coronavirus impact, report says

MILAN -- Fiat Chrysler Automobiles plans to halt operations at its factory in Serbia due to a lack of parts from China because of the coronavirus, people familiar with the matter said.

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AUTO NEWS: World première at Geneva Motor Show: First glimpse of the new Golf GTD

  • Date: 14-02-20
  • Category: AUTO NEWS
  • Source: Volkswagen

Volkswagen will celebrate the world première of the Golf GTD at the Geneva International Motor Show from 5 to 15 March. Among the technical highlights is the most powerful and – thanks to twin dosing – cleanest turbo diesel injection (TDI) engine ever to be installed in a Golf. It harmonises the confident dynamism of the Golf GTD together with higher efficiency and lowest emissions. The charismatic design of the Golf GTD reflects a unique combination of dynamism and self-confidence.

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