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AUTO SALES: Europe Car Sales Extend Downward Spiral With Worst Drop of 2019

  • Date: 17-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

European car registrations fell sharply in June, resuming a downward spiral that adds to the industry's litany of woes.

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BATTERIES: CATL and Toyota Form Comprehensive Partnership for New Energy Vehicle Batteries

  • Date: 17-07-19
  • Category: BATTERIES
  • Source: Toyota

Toyota City, Japan, July 17, 2019―Contemporary Amperex Technology Co., Limited (CATL) and Toyota Motor Corporation (Toyota) announced today that they have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries. The two companies have also commenced discussions that cover a wide range of fields, including: supply of batteries, new technology development, product quality improvements, and the reuse and recycling of...

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BATTERIES: How lithium-rich Chile botched a plan to attract battery makers

  • Date: 17-07-19
  • Category: BATTERIES
  • Source: Reuters

SANTIAGO (Reuters) - In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.

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JOHNSON MATTHEY: Johnson Matthey battles lower profit at its biggest unit

(Reuters) - Johnson Matthey (JMAT.L) on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit’s head, sending its shares down more than 3%.

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ESKOM: Fixing Eskom will result in higher taxes, electricity prices – economist

  • Date: 17-07-19
  • Category: ESKOM
  • Source: Mining Weekly

There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes.

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TRANSACTION: Minerals dept issues Section 11 approval for BRPM stake transfer

  • Date: 17-07-19
  • Category: TRANSACTION
  • Source: Mining Weekly

The Department of Mineral Resources has granted a Section 11 approval for the transfer of Rustenburg Platinum Mine’s (RPM’s) 33% undivided interest in the mining rights attributable to the Bafokeng Rasimone Platinum Mine (BRPM) joint venture to Royal Bafokeng Platinum (RBPlat).

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PGM PRODUCERS: Implats flags dividend resumption after early settlement of $250m convertible bond

IMPALA Platinum (Implats) has taken the gap provided by improved platinum group metal (PGM) pricing to close early some $250m in convertible bonds in a development that helps significantly improve the look of the firm’s balance sheet.

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RAND: South Africa's rand softer ahead of rate decision, stocks slide

  • Date: 17-07-19
  • Category: RAND
  • Source: Nasdaq

JOHANNESBURG, July 17 - South Africa's rand edged lower on Wednesday in cautious trade ahead of an interest rate decision that is set to test the currency's recent rally and its ability to draw yield-seeking investors.

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