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AUTO SALES: China 2020 sales pegged at 25m

  • Date: 11-12-20
  • Category: AUTO SALES
  • Source: Just Auto

China vehicle sales are likely to reach 25m units this year, an industry body reportedly said on Friday, as the market continued to lead the global auto industry recovery from lows hit during the COVID-19 pandemic.

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PGM PRODUCERS: Anglo American Platinum – operational outlook and guidance update

  • Date: 11-12-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum provides an update on its operational outlook and guidance, to coincide with the Anglo American plc market update.

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PGM PROJECTS: Sedibelo approves 60Moz platinum expansion, construction of Kell beneficiation plant

  • Date: 11-12-20
  • Category: PGM PROJECTS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) producer Sedibelo Platinum Mines Limited has announced the expansion of operations at Pilanesberg Platinum Mines into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties – with an estimated resource base in excess of 60-million four-element (4E) PGM ounces, considered one of the world’s largest undeveloped PGM deposits.

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MINE RESTARTS: Eastplats announces rights offering to shareholders

Eastern Platinum (Eastplats) has announced a rights offering to its shareholders to acquire common shares of the company at the close of business on December 18, on the basis of one right for each common share.

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ESKOM: ABB to Repay South Africa’s Eskom $103 Million After Probe

  • Date: 11-12-20
  • Category: ESKOM
  • Source: Bloomberg

The reimbursement was agreed with the nation’s Special Investigating Unit, state-owned Eskom Holdings SOC Ltd. said in a statement Friday. ABB has already accounted for the bulk of the payment in its financials, the Zurich-based company said in a separate statement.

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CHROME: ChromeSA welcomes negotiated electricity pricing concession

  • Date: 11-12-20
  • Category: CHROME
  • Source: Mining Weekly

Independent chrome ore producers group ChromeSA has welcomed the finalisation by the Department of Mineral Resources and Energy (DMRE) of a short-term framework for negotiated pricing agreements, which will allow companies negatively affected by the high costs of power to negotiate lower electricity tariffs with those entities who supply their power.

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ACQUISITION: Vale signs a binding put option agreement to formalize sale of Vale New Caledonia

Vale S.A. (Vale) informs that its subsidiary Vale Canada Limited (“VCL”) has signed a binding put option agreement for the sale of its ownership interest in Vale Nouvelle-Calédonie S.A.S. (“VNC”).

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FUEL CELLS: Denmark and Norway team up to build world’s largest hydrogen ferry

  • Date: 10-12-20
  • Category: FUEL CELLS
  • Source: Euractiv

A Danish-Norwegian project aimed at building what will be the world’s largest and most powerful hydrogen-fuelled ferry has applied for EU funding. The plan is to start operating a Copenhagen-Oslo service by 2027.

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