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PGM PRODUCERS: Implats converts majority of bonds to shares

JSE-listed Impala Platinum (Implats) will convert $249.8-million of its $250-million 3.25% convertible bonds due in 2022, to shares.

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PGM PRODUCERS: Implats seeks R3.4 billion debt swop

Impala Platinum (Implats) said yesterday that bondholders have backed its $250 million (R3.47 billion) debt to equity swop aimed at beefing up its balance sheet.

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FUEL CELLS: Toyota’s co-funding of PGM market development pleases Amplats

  • Date: 24-07-19
  • Category: FUEL CELLS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The decision of the giant Toyota Motor Corporation to co-fund the development of the market for platinum group metals (PGMs) has been applauded by Anglo American Platinum (Amplats).

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PGM PRODUCERS: RBPlat shares take hit after firm raises flag on larger-than-expected interim loss

SHARES in Royal Bafokeng Platinum (RBPlat) were under pressure in Johannesburg on Wednesday as the market absorbed the news of a disappointing interim trading update in which earnings came in far lower than expected.

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BATTERIES: BMW Group Plant Spartanburg doubles battery production capacity

  • Date: 24-07-19
  • Category: BATTERIES
  • Source: BMW

Spartanburg/ Munich. BMW Group Plant Spartanburg in the US state of South Carolina has doubled its capacity for production of high-voltage batteries. The plant’s own battery facility now produces the new fourth-generation batteries. These are intended for the plug-in hybrid models of the new BMW X5 and the future BMW X3, also produced in Spartanburg.

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ELECTRIC VEHICLES: India turns to electric vehicles to beat pollution

India is making a big push for electric vehicles, signalling a turning point in its clean energy policy, writes energy writer Vandana Gombar.

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SOUTH AFRICA: Eskom rescue heightens SA’s downgrade risk

  • Date: 24-07-19
  • Category: SOUTH AFRICA
  • Source: Business Live

Finance minister Tito Mboweni says the state might have to increase borrowing to fund an extra R59bn in aid for utility

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SOUTH AFRICA: The plight of the average middle class South African

The average middle class South African has run out of runway – having already depleted savings – and is now tapping into whatever credit facilities they may have.

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