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PGM PRODUCERS: Electric narrow reef XLP mining coming to Anglo Platinum’s Tumela 15E

  • Date: 19-02-20
  • Category: PGM PRODUCERS
  • Source: International Mining

Another highlight of Anglo American Platinum’s just released 2019 report was the revelation that electric narrow reef mechanised equipment is set for trials at its Tumela 15E underground platinum mine, part of the Amandelbult Complex in Limpopo province. These new narrow reef machines use lithium-ion batteries which can achieve up to 2,000 charging cycles. These units will replace the diesel XLP units in the future.

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PGM PRODUCERS: Sibanye-Stillwater to pull 150MW renewable power project as SA Govt fails to provide certainty

SIBANYE-Stillwater CEO, Neal Froneman, issued a not-so subtle message to the South African government that its failure to provide power supply security would influence his company’s future investment decisions in the country.

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PGM PRODUCERS: Sibanye-Stillwater to reinstate dividend in second half of 2020 after closing book on deal blitz

SIBANYE-Stillwater would reinstate the dividend at the half-year point of the current financial year, said group CEO, Neal Froneman today.

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PGM PRODUCERS: Rising metals prices spur S.African miner Sibanye to second-half rebound

JOHANNESBURG, Feb 19 (Reuters) - South African mining company Sibanye-Stillwater reported a near 80% surge in full year earnings on Wednesday following a rebound in the second half on the back of rising precious metals prices and the inclusion of its Marikana operations.

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AUTO SALES: Passenger car registrations: -7.5% in January 2020

  • Date: 18-02-20
  • Category: AUTO SALES
  • Source: ACEA

In January 2020, the EU1 passenger car market contracted by 7.5% to 956,779 units. Major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining this January drop. Other contributing factors included weakening global economic conditions and uncertainty caused by the UK's departure from the European Union.

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EMISSIONS: Singapore aims to phase out petrol and diesel vehicles by 2040

  • Date: 18-02-20
  • Category: EMISSIONS
  • Source: Reuters

SINGAPORE (Reuters) - Singapore aims to phase out petrol and diesel vehicles by 2040, making a bigger bet on electric cars as part of its efforts to cut greenhouse gases and fight climate change, the finance minister said on Tuesday.

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RESIGNATION: Griffith to quit Anglo after riding a crest of success

JOHANNESBURG – Anglo American Platinum (Amplats) chief executive Chris Griffith on Monday shocked the market when he announced that he would step down in April, seven years after being at the helm of the company that has gone from loss-making to being drunk with cash.

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ESKOM: South Africa's Eskom needs cash injection to avoid debt crisis - CEO

  • Date: 18-02-20
  • Category: ESKOM
  • Source: Reuters

CAPE TOWN, Feb 18 (Reuters) - South Africa’s ailing power utility Eskom urgently needs more cash to stabilise its ballooning debt pile with the funds coming from a rise in tariffs or new equity, new chief executive Andre de Ruyter told lawmakers on Tuesday.

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