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CHROME: Zim gears for chromium conference

  • Date: 14-10-19
  • Category: CHROME
  • Source: The Chronicle

Zimbabwe has geared up for the International Chromium Development Association (ICDA) conference in India where the country will tell its story to the international community and lure potential investors.

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PGM PRODUCERS: Tharisa, Karo platinum venture Phase 1 complete

European headquartered integrated resource group Tharisa Plc, says Phase 1 of its platinum joint venture project with Karo Resources has been completed.

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WAGE NEGOTIATIONS: NUM backs down from 25% wage rise demand

JOHANNESBURG – The National Union of Mineworkers (NUM) has backed down on its 25 percent wage demand at Royal Bafokeng Platinum (RBPlat) three months into the wage talks, Geoffrey Moatshe, the NUM Rustenburg regional chairperson, said on Friday.

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PLATINUM: Platinum: The Best Precious Metals Play for a Recession

  • Date: 14-10-19
  • Category: PLATINUM
  • Source: The Motley Fool

Gold has performed solidly in recent months, as growing fears of a recession and the ongoing trade war between the world’s two largest economies, the U.S. and China, continues to weigh on the global economic outlook. This has seen many investors elect to boost their exposure to safe-haven assets — the most widely recognized being gold. That has given all precious metals, including platinum, a boost; platinum is up by almost 13% since the start of 2019, although that is well behind gold’s 16% and

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ZIMBABWE: Zimplats seeks clarity on the yet-to-be-amended Indigenisation Act

  • Date: 14-10-19
  • Category: ZIMBABWE
  • Source: Radio VOP

The country’s biggest platinum producer, Zimbabwe Platinum Holdings (Zimplats) says the Indigenisation and Economic Empowerment Act (Chapter 14:33) is yet to be amended to give weight to Government pronouncements to remove platinum miners from the reserve list.

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RAND: Rand sustains gains after breaching sub-R15/$ level

  • Date: 14-10-19
  • Category: RAND
  • Source: IOL

DURBAN – The rand traded within a tight R14.73-to-R14.86 range on Monday after posting sustained gains over the most recent sessions, the momentum seemed to be with the local unit as it breached the sub-R15/$ level on Friday.

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FUEL CELLS: Beijing set to end subsidies for fuel cell vehicles next year

  • Date: 14-10-19
  • Category: FUEL CELLS
  • Source: Auto News

The Chinese government plans to phase out subsidies for all electrified vehicles -- including fuel cell vehicles -- by the end of 2021, China’s ministry of finance said.

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AUTO NEWS: Faurecia to acquire remaining 50% of SAS Joint Venture to expand integration to cover all interior modules

  • Date: 14-10-19
  • Category: AUTO NEWS
  • Source: Faurecia

Faurecia today announced that it has signed a Memorandum of Understanding to acquire the remaining 50% of its SAS joint venture from Continental.

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