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ELECTRIC VEHICLES: 2636 EV charging stations sanctioned under Fame India Phase II

The second phase of FAME India Scheme, which spans a period of three years commencing from April 1, 2019, provides a total budgetary support of Rs100 billion.

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ESKOM: First day at the death spiral for new Eskom CEO

  • Date: 06-01-20
  • Category: ESKOM
  • Source: Energy Voice

Eskom’s new CEO Andre de Ruyter has begun his tenure, faced with a major challenge of how to address the company’s debt load and power outs.

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PGM PROJECTS: Generation Mining Delivers Robust Independent PEA for Marathon Palladium Project

  • Date: 06-01-20
  • Category: PGM PROJECTS
  • Source: Junior Mining Network

TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining”, “Generation”, or the “Company”) is pleased to announce results of a positive independent Preliminary Economic Assessment study (“PEA”) prepared in accordance with National Instrument 43-101 on the Marathon Palladium and Copper Project (the “Project”) located in Northern Ontario. Generation acquired a 51% interest in the Project from Sibanye Stillwater in July, 2019, and has an option to earn up to an 80% interest by spending $10 million within four years (see Gen Mining’s news release dated July 11, 2019). The PEA provides a compelling base case assessment for the development of the Marathon Palladium Mineral Resource by open pit mining. 

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RHODIUM: Rhodium Aiming at USD10,000/Oz

  • Date: 06-01-20
  • Category: RHODIUM
  • Source: Energy and Capital

Oil and gold have rallied amid steaming tensions between the United States and Iran. Crude for forward-month delivery has increased by almost 5% to more than $63 per barrel, while gold has risen by over 3% to more than $1,580 an ounce since news of the Soleimani assassination broke. But there's another very special commodity that's rallying even more while quietly sitting in the background: rhodium.

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PGM PROJECTS: Marathon palladium deposit could be mineable

  • Date: 06-01-20
  • Category: PGM PROJECTS
  • Source: Northern Ontario Business

A base metal deposit outside the town of Marathon has the potential to be an open-pit mine. Toronto’s Generation Mining is placing a 14-year mine life on its Marathon Palladium and Copper Project after releasing the results of a favourable preliminary economic assessment (PEA).

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ESKOM: Eskom postpones scheduled Medupi maintenance as power grid constrained

  • Date: 06-01-20
  • Category: ESKOM
  • Source: Eye Witness News

JOHANNESBURG - Eskom has postponed scheduled maintenance at one of biggest power plants at a time when it’s trying to stave off another round of blackouts.

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ESKOM: Eskom mulls new maintenance strategy that would leave 5 000 MW gap for two years

  • Date: 06-01-20
  • Category: ESKOM
  • Source: Mining Weekly

The Eskom board will, before the end of January, consider a new approach to the maintenance of its ailing coal fleet – one premised on creating more time and space for intensive maintenance and repair, whereby the utility makes a firm commitment to only a minimum level of supply that falls well short of demand.

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AUTO PRODUCTION: German Car Production Drops to 23-Year Low on Waning Exports

German car production fell to its lowest in almost a quarter of a century as Europe’s biggest economy suffers from the fallout of a global trade war.

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