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PGM PROJECTS: PTM awaits Waterberg mining right, welcomes higher palladium price

  • Date: 15-01-20
  • Category: PGM PROJECTS
  • Source: Mining Weekly

TSX- and NYSE-listed Platinum Group Metals (PTM) achieved several business objectives in 2019, including the approval of a definitive feasibility study (DFS) for its 50%-owned Waterberg palladium project, in South Africa.

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ESKOM: Eskom appoints interim chairperson

  • Date: 15-01-20
  • Category: ESKOM
  • Source: SABC

Professor Malegapuru Makgoba has been appointed Eskom’s interim chairperson. This follows the resignation of Jabu Mabuza last week. Makgoba, a scientist, joined the Eskom board as a non-executive director in 2018.

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AUTO SALES: Millennials could end up being a boon to the U.S. auto market

  • Date: 14-01-20
  • Category: AUTO SALES
  • Source: Auto News

It turns out millennials don’t hate driving, after all. As the generation born between 1981 and 1996 begin to reach their family formation years, they are getting licensed to drive at the highest rate in 40 years, an analyst at Benchmark Co. said in a report Monday.

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EMISSIONS: Faurecia to rethink its supply chain to go greener

  • Date: 14-01-20
  • Category: EMISSIONS
  • Source: Auto News

LAS VEGAS — French cockpit and seating supplier Faurecia is prepared to begin re-sourcing content around the world this year as it attempts to reduce its global carbon footprint, its CEO said here during CES.

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JEWELLERY: World’s Second Largest Jeweler to Shut Down About a Fifth of Its Hong Kong Stores

  • Date: 14-01-20
  • Category: JEWELLERY
  • Source: Bloomberg

Chow Tai Fook Jewellery Group Ltd. said it plans to shut about 15 of its Hong Kong stores after their leases expire this year, as the city’s retail market continues to be weighed down by ongoing anti-China protests.

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ELECTRIC VEHICLES: Focus of electrification will shift from China to Europe in 2020, report says

LONDON -- The rush to electrify transportation will shift to Europe from China in 2020 as automakers and governments work to cut carbon emissions that lead to global warming, according to a forecast from BloombergNEF, Bloomberg LP's primary research service on energy transition.

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AUTO SALES: Top Chinese Carmaker’s New-Energy Vehicle Sales Plunge After Subsidy Reductions

  • Date: 14-01-20
  • Category: AUTO SALES
  • Source: Caixin Global

China’s top domestic carmaker’s new-energy vehicle (NEV) sales plunged by more than 40% last year after a major reduction in government subsidies, with little relief in sight as long as costs remain substantially higher than those for gasoline-powered rivals, an official said.

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CLIMATE CHANGE: BlackRock CEO says the climate crisis is about to trigger ‘a fundamental reshaping of finance’

In an annual letter to CEOs published Tuesday, BlackRock chief executive Larry Fink said: “Climate change has become a defining factor in companies’ long-term prospects.”

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