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ESKOM: Eskom bailout set to be funded by tax hikes

  • Date: 23-06-19
  • Category: ESKOM
  • Source: The South African

President Cyril Ramaphosa recently announced that R230 billion will be allocated towards Eskom, with a Special Appropriation Bill set to be tabled.

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ZIMBABWE: Zim pays Eskom US$10m in bid to ease power shortage

  • Date: 23-06-19
  • Category: ZIMBABWE
  • Source: Fin 24

Zimbabwe will this week pay US$10m to South Africa's power utility Eskom as part of plans to unlock at least 400MW to ease power shortages in the country.

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PGM PROJECTS: Zimbabwe army offloads stake in $4bn project

  • Date: 23-06-19
  • Category: PGM PROJECTS
  • Source: The Standard

Zimbabwe’s military has disposed of its stake in a $4 billion platinum joint venture with Russian investors, President Emmerson Mnangagwa, has said.

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RARE EARTHS: Zimbabwe discovers rare minerals

  • Date: 23-06-19
  • Category: RARE EARTHS
  • Source: Bulawayo 24

Zimbabwe sits on bountiful and lucrative deposits of minerals known as rare-earth elements (REE), some of which sell for more than US$1 000 for a single kilogram and where investors are seeking alternative sources to China, which dominates production.

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SOUTH AFRICA: Johannesburg power cuts: Eskom issue warning for affected residents

  • Date: 22-06-19
  • Category: SOUTH AFRICA
  • Source: The South African

A series of Johannesburg power cuts have gripped the city on Saturday, and Eskom are asking citizens in the East Rand to remain vigilant.

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BATTERIES: Volkswagen sees battery cell supply secured for first wave of EVs

  • Date: 22-06-19
  • Category: BATTERIES
  • Source: Europe Auto News

BERLIN -- Volkswagen brand does not expect to have problems with supplies of battery cells for its new wave of full-electric cars. Other automakers, including Audi and Hyundai, have suffered bottlenecks in battery supplies.

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BATTERIES: South Korea's POSCO drops plans for Chilean battery material plant

  • Date: 22-06-19
  • Category: BATTERIES
  • Source: Auto.com

The reason behind dropout is that the project POSCO proposed requires lithium hydroxide, a type of the metal increasingly favored by EV battery makers but one not produced by Albemarle in Chile.

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CHINA: Beijing policies dash hope for quick market rebound

  • Date: 21-06-19
  • Category: CHINA
  • Source: Auto News China

At the Shanghai auto show in April, most auto company executives expected China’s new-vehicle market, which contracted in 2018 for the first time in nearly three decades, to resume growth in the second half of 2019.

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