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ESKOM: South Africa hit by power cuts as Eskom units break down

  • Date: 05-12-19
  • Category: ESKOM
  • Source: Reuters

JOHANNESBURG, Dec 5 (Reuters) - South Africa was hit by power cuts on Thursday after a number of generating units broke down, forcing the struggling state power utility Eskom to cut up to 2,000 megawatts (MW) of power from the national grid on a rotational basis.

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NORNICKEL: Russia’s Richest Man Starts Testing Sales of Crypto Metal Tokens

  • Date: 05-12-19
  • Category: NORNICKEL
  • Source: Bloomberg

MMC Norilsk Nickel PJSC, the biggest palladium and refined nickel producer, has started testing a platform for digital metal tokens that may eventually account for a fifth of its sales.

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COBALT: SK Innovation inks six-year agreement with Glencore for cobalt supply

  • Date: 04-12-19
  • Category: COBALT
  • Source: Mining Weekly

Petroleum refining company SK Innovation has signed a six-year agreement with global mining and commodities trader Glencore for up to 30 000 t of cobalt contained in hydroxide between 2020 and 2025.

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ACQUISITION: North American Palladium sale approved by shareholders

  • Date: 04-12-19
  • Category: ACQUISITIONS
  • Source: TBS News Watch

TORONTO — Shareholders of North American Palladium Limited have approved the sale of the company to South Africa-based Impala Platinum Holdings.

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PGM PROJECTS: Eurasia Mining climbs as it says licence applications for Monchetundra and West Kytlim “progressing well”

  • Date: 04-12-19
  • Category: PGM PROJECTS
  • Source: Pro Active Investors

Eurasia Mining PLC (LON:EUA) climbed on Wednesday as it said licence applications for its Monchetundra and West Kytlim projects in Russia were “progressing well” as it advanced plans to expand its presence in the area.

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AUTO PRODUCTION: Maruti to raise prices next month to pass on rise in input costs

Maruti Suzuki India Limited today said it would increase prices of its various models in January to pass on the rise in input costs. The company did not specify the quantum of the price hike or its effective date. The announcement of a price hike comes even as companies, including Maruti, have struggled to sell their products, owing to various reasons. Maruti’s total monthly wholesale sales in November were 3.2% lower from a year ago at 141,400 units.

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RECYCLING: India scrappage policy: No direct sops for junking old cars

  • Date: 03-12-19
  • Category: RECYCLING
  • Source: Economic Times

NEW DELHI: The government is unlikely to offer any direct incentives for junking old vehicles but will empower states and automakers to provide sops against scrapping certificates.

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AUTO PRODUCTION: Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry

It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler AG and Audi announcing almost 20,000 job cuts in just the past week.

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