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PGM PRODUCERS: Royal Bafokeng Platinum secures R2.1bn in cash-streaming agreement

Royal Bafokeng Platinum (RBPlat) has struck a R2.1bn deal to deliver gold to mining financier Triple Flag, the proceeds of which will be used to settle the costs of its recent acquisition of Bafokeng Rasimone Platinum Mine (BRPM).

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ESKOM: Eskom: Load shedding to be implemented on Wednesday 16 October

  • Date: 16-10-19
  • Category: ESKOM
  • Source: The South African

Eskom have treated us to a seven-month reprieve, but load shedding is officially back on the schedule. The lights are going out across the country on Wednesday.

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ESKOM: Zimbabwe Starts Further Power Cuts Due to Eskom Outages

  • Date: 16-10-19
  • Category: ESKOM
  • Source: Bloomberg

The power blackouts announced by South Africa’s Eskom Holdings SOC Ltd. will exacerbate power shortages in neighboring Zimbabwe.

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WAGE NEGOTIATIONS: South Africa’s Amplats CEO “confident we can reach agreement” with AMCU

Although marathon wage negotiations in the platinum sector have hit deadlock, Anglo American Platinum (Amplats) CEO Chris Griffith remains optimistic an amicable resolution is in sight.

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PGM PRODUCERS: RBPlat to settle Amplats debt following R2.1bn gold streaming deal with US investment firm

ROYAL Bafokeng Platinum (RBPlat) has sold gold by-product from its platinum group metal (PGM) operations to US investment firm Triple Flag for $145m in cash – enough to settle its outstanding debt with Anglo American Platinum (Amplats).

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ESKOM: SA’s Eskom to cut 2,000MW from grid as load-shedding makes unwelcome summer return

  • Date: 16-10-19
  • Category: ESKOM
  • Source: Mining MX

LOAD-SHEDDING, or rotational power cuts, returned to South Africa after the country’s power utility said shortages would see it reduce 2000MW in supply from today until about 11pm tonight.

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EMISSIONS: Toyota cuts CO2 emissions in new Yaris hybrid with lithium ion battery

  • Date: 16-10-19
  • Category: EMISSIONS
  • Source: Europe Auto News

The new Toyota Yaris hybrid pairs a three-cylinder engine with a lithium ion battery for the first time to reduce CO2 emissions by more than 20 percent compared with the outgoing hybrid, the automaker says.

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PGM PRODUCERS: RBPlat lifts production, milled tonnes in September quarter

  • Date: 16-10-19
  • Category: PG
  • Source: Mining Weekly

Royal Bafokeng Platinum (RBPlat) on Wednesday reported that the total tonnes delivered to concentrators for the three-month period ended September 30, had increased by 9.2% year-on-year to just over one-million tonnes and the total tonnes milled increased by 2.1%, also to just over one-million tonnes.

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