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SOUTH AFRICA: Amcu asked to explain salaries and services in financial statements

  • Date: 09-03-20
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

The Association of Mineworkers and Construction Union is once again under regulatory scrutiny. In a letter to the union from the labour department obtained by Business Maverick, it has been asked to clarify some eye-opening items in its 2018 financial statement.

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INVESTMENT: Big Five coins to promote platinum investment in South Africa

  • Date: 09-03-20
  • Category: INVESTMENT
  • Source: Mining Weekly

Prestige Bullion, a joint venture between the South African Mint and precious metals smelter Rand Refinery, will produce a new range of platinum coins, suited to retail investors, this year.

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AUTO PRODUCTION: Auto Industry’s Virus Fears Shifting From Supply to Demand

Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. Now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.

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SOUTH AFRICA: Amcu finds itself in trouble once again and could be deregistered

Labour department questions union’s finances and the legitimacy of office bearers – it could face being deregistered if it does not shape up

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BATTERY RECYCLING: Battery recycling cluster to open in Harjavalta

Fortum, BASF and Nornickel have signed a letter of intent to establish a battery recycling cluster to serve the electric vehicle market. The aim is to create a closed loop for the reuse of the critical metals contained in spent batteries.

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HYDROGEN: Hydrogen utilisation study group in Chubu launched to study the potential for large-scale hydrogen use in the Chubu Region

  • Date: 06-03-20
  • Category: HYDROGEN
  • Source: Sumitomo

Ten private companies working to promote hydrogen utilisation have established the Hydrogen Utilisation Study Group in Chubu to create demand for hydrogen and build a supply chain for stable hydrogen utilisation in the Chubu Region.

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PGM PRODUCERS: Sibanye-Stillwater may divert PGMs to Marikana after shock closure of Amplats refineries

SIBANYE-Stillwater would discuss the possibility of refining concentrate it currently supplies to Anglo American Platinum (Amplats) at its Marikana facilities following disclosure today that Amplats had shut its processing facilities.

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PGM PRODUCERS: Anglo American Platinum cuts view on plant closure

JOHANNESBURG--Anglo American Platinum Ltd., the world's biggest refiner of platinum group of metals, declared force majeure and slashed its full-year guidance by about 20% after shuttering a processing plant in South Africa, sending platinum futures higher and potentially pushing the global market into a deficit this year.

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