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PGM PRODUCERS: Implats plans to embark on $250m debt-to-equity swop

JOHANNESBURG - Cash-flush Impala Platinum (Implats) yesterday announced plans to embark on a $250million (R3.48billion) debt-to-equity swop to bolster its balance sheet while making the most of the reprieve of surging metal prices and the weak exchange rate.

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ZIMBABWE: Government suspends tax on raw platinum exports

  • Date: 17-07-19
  • Category: ZIMBABWE
  • Source: Chronicle

GOVERNMENT has suspended plans to effect a 15 percent tax on raw platinum exports by January 2022 following commitment by platinum mines to set up credible refinery plants and capital inflows within the sector.

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TRANSACTION: Amplats Section 11 approval in respect of the disposal of 33% interest in the BRPM joint venture

  • Date: 17-07-19
  • Category: TRANSACTION
  • Source: Anglo American Platinum

Shareholders are referred to the Company’s announcement on 12 December 2018 announcing the completion of the disposal of 33% interest in the Bafokeng Rasimone Platinum Mine (BRPM) joint venture, and to the Royal Bafokeng Platinum Limited (“RBPlats”) announcement published on the Stock Exchange News Service on 17 July 2019 regarding the disposal by Rustenburg Platinum Mines Limited (“RPM”), a wholly-owned subsidiary of Anglo American Platinum, of its 33% interest in the Bafokeng Rasimone Platinum...

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AUTO SALES: Europe Car Sales Extend Downward Spiral With Worst Drop of 2019

  • Date: 17-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

European car registrations fell sharply in June, resuming a downward spiral that adds to the industry's litany of woes.

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BATTERIES: CATL and Toyota Form Comprehensive Partnership for New Energy Vehicle Batteries

  • Date: 17-07-19
  • Category: BATTERIES
  • Source: Toyota

Toyota City, Japan, July 17, 2019―Contemporary Amperex Technology Co., Limited (CATL) and Toyota Motor Corporation (Toyota) announced today that they have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries. The two companies have also commenced discussions that cover a wide range of fields, including: supply of batteries, new technology development, product quality improvements, and the reuse and recycling of...

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BATTERIES: How lithium-rich Chile botched a plan to attract battery makers

  • Date: 17-07-19
  • Category: BATTERIES
  • Source: Reuters

SANTIAGO (Reuters) - In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.

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JOHNSON MATTHEY: Johnson Matthey battles lower profit at its biggest unit

(Reuters) - Johnson Matthey (JMAT.L) on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit’s head, sending its shares down more than 3%.

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ESKOM: Fixing Eskom will result in higher taxes, electricity prices – economist

  • Date: 17-07-19
  • Category: ESKOM
  • Source: Mining Weekly

There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes.

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