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PGM PRODUCERS: Anglo American Platinum to post bumper R19bn earnings

JOHANNESBURG - Anglo American Platinum, (Amplats) is set to post bumper earnings of up to R19 billion for the full year ended in December as the upswing in the commodity price cycle has seen new records for rhodium and palladium.

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SOUTH AFRICA: SA miners plan to supply 609MW of independent power provided regulations allow

THE South African mining industry was ready to help ease the country’s power shortages by building up to 609MW in electricity generating capacity, said Bloomberg News.

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PGM PRODUCERS: Anglo American Platinum Trading Statement for the twelve months ended 31 December 2019

  • Date: 28-01-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum will release results for the twelve months ended 31 December 2019 (“the period”) on the Stock Exchange News Service on 17 February 2020.

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ESKOM: Eskom says it needs tariff hike to avert complete financial meltdown

  • Date: 28-01-20
  • Category: ESKOM
  • Source: Eye Witness News

The power utility has approached the courts to review the National Energy Regulator of South Africa's decision to deduct a R69 billion bailout from Eskom's approved revenue for the current tariff period.

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AUTO SALES: Volvo sees higher plug-in hybrid sales as way to avoid big CO2 fines

  • Date: 27-01-20
  • Category: AUTO SALES
  • Source: Auto News

Volvo wants a quarter of its vehicle sales in Europe this year to be plug-in hybrids to help the automaker avoid fines if it misses the European Union's latest CO2 emissions reduction goals.

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SOUTH AFRICA: Sibanye-Stillwater’s SA gold operations achieve 10 million fatality free shifts

  • Date: 27-01-20
  • Category: SOUTH AFRICA
  • Source: Sibanye-Stillwater

Sibanye-Stillwater is pleased to announce that its SA gold operations achieved 10 million fatality free shifts on 26 January 2020. This is a significant milestone, which has never been achieved in the history of these gold operations, nor in the history of the SA deep level gold mining industry.

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AUTO SALES: EV sales growing faster than expected

  • Date: 27-01-20
  • Category: AUTO SALES
  • Source: Auto News

Sales of electrified vehicles — particularly plug-in hybrids and full battery electrics — are growing faster than expected, according to a new study from Boston Consulting Group.

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LITHIUM: China’s top lithium producer struggles under debt load

  • Date: 27-01-20
  • Category: LITHIUM
  • Source: Financial Times

China’s largest lithium producer is struggling to repay debt that helped finance an aggressive overseas expansion, the latest Chinese company to hit setbacks going global.

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