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CORONAVIRUS: VW is automaker most exposed to virus impact, S&P says

  • Date: 05-02-20
  • Category: CORONAVIRUS
  • Source: Bloomberg

Volkswagen Group is the automaker most exposed to the coronavirus outbreak in China, according to Standard & Poors.

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ACQUISITION: Early settlement of deferred consideration for 33% interest in BRPM JV by Royal Bafokeng Platinum

  • Date: 03-02-20
  • Category: ACQUISITIONS
  • Source: Anglo American Platinum

Anglo American Platinum refers shareholders to the SENS announcement of the completion of the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (“BRPM JV”) on 12 December 2018, (the “Transaction”).

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SOUTH AFRICA: Platinum Mining Giant Says South Africa Running Out of Time

South African President Cyril Ramaphosa may be running out of time to enact the reforms required to attract significant investments in the country’s mining industry.

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PGM PROJECTS: New Age Metals Inc. Closes Private Placement for $2-million

  • Date: 03-02-20
  • Category: PGM PROJECTS
  • Source: New Age Metals

February 3, 2020 Rockport, ON, Canada – New Age Metals Inc. (the “Company”) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J) has closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”), where each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two (2) years from the date of closing.

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BATTERIES: PSA Group And Saft Announce Two EV Battery Gigafactories

  • Date: 03-02-20
  • Category: BATTERIES
  • Source: Inside EVs

French battery manufacturer Saft (part of Total since 2016) and the PSA Group (with its Opel brand) officially announced plans for two lithium-ion EV battery cell plants in Europe.

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SEMICONDUCTORS: Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst

The semiconductor industry last year suffered its worst annual slump in almost two decades, hurt by a trade war between the largest chip producer, the U.S., and the largest consumer, China.

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PGM PRODUCERS: Zimplats Q4 platinum output fell 19%

Cape Town — Zimplats Holdings said Saturday its platinum output dropped 19% in Q4 year on year and was 24% lower than the Q3, to 53,107 oz.

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AUTO SALES: Car industry could see price war on hybrid vehicles in 2020

  • Date: 02-02-20
  • Category: AUTO SALES
  • Source: The Guardian

Some carmakers are struggling to hit tough new EU carbon emission rules introduced in January, which force them to reduce the amount of carbon dioxide their vehicles emit. This may force auto firms to slash prices on lower-emitting plug-in hybrid electric vehicles (PHEVs) to encourage consumers to buy them, according to the investment bank UBS.

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