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PGM PROJECTS: Russia-Zimbabwe platinum venture needs $500 million for first phase

HARARE (Reuters) - Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) requires a further $500 million for the first phase of its Zimbabwean mining project and is in advanced financing talks with Russian and South African lenders, it said on Tuesday.

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PGM PROJECTS: Zimbabwe: Great Dyke Wraps Up Platinum Project Financing

Great Dyke Investments (GDI) says it is wrapping up financing for its Darwendale platinum group metals project and expects to begin construction next year.

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ESKOM: Warning System Failed at Eskom’s $16 Billion Power Plant

  • Date: 22-10-19
  • Category: ESKOM
  • Source: Bloomberg

Power outages that began in South Africa last week were partly caused by the failure of warning systems at its 228 billion rand ($16 billion) flagship plant.

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ESKOM: South Africa approves $4 bln bailout for debt-laden Eskom

  • Date: 22-10-19
  • Category: ESKOM
  • Source: Financial Post

JOHANNESBURG — Crisis-hit South African power company Eskom was handed an additional 59 billion rand ($4 billion) lifeline by parliament on Tuesday, prompting criticism from opposition parties who described it as a “blank check.”

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ESKOM: Eskom files affidavit against Deloitte ordering the return of R207m tenders

  • Date: 22-10-19
  • Category: ESKOM
  • Source: The South African

The tenders were altered to 'just under the ceiling price' which granted its approval from provincial Treasury.

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PGM PRODUCERS: Unki Mine platinum production up 6 %

ANGLO American Platinum’s (Amplts) Zimbabwean unit, Unki Mine, has recorded a 6% increase in platinum production, a recently released third quarter performance report has revealed.

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AUTO PRODUCTION: How Toyota will make its new EVs

TOKYO — To make its new portfolio of electric vehicles less costly to create and more efficient to build, Toyota has created a dedicated platform called e-TNGA — a play on the name of the company's Toyota New Global Architecture modular platform.

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ESKOM: No power outages planned for this week: Eskom

  • Date: 21-10-19
  • Category: ESKOM
  • Source: ENCA

Eskom says no power outages are planned for Monday and probably throughout the week.

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