Consulting analysts in tomorrow’s commodities and technologies

News

ESKOM: Cosatu’s plan to save Eskom without losing jobs

  • Date: 21-12-19
  • Category: ESKOM
  • Source: Business Tech

South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd. be put into a special purpose vehicle to help save the utility and avoid job cuts.

View full story

AUTO SALES: Commercial vehicle registrations: +2.2% 11 months into 2019; -8.9% in November

  • Date: 20-12-19
  • Category: AUTO SALES
  • Source: ACEA

In November 2019, commercial vehicle registrations fell again (-8.9%), marking the third consecutive month of decline across the European Union.

View full story

SOUTH AFRICA: Minerals Council South Africa calls for urgent intervention in violent organised crime afflicting the sector

  • Date: 20-12-19
  • Category: SOUTH AFRICA
  • Source: Minerals Council South Africa

Johannesburg, 20 December 2019: The Minerals Council South Africa has called for urgent intervention by the Ministers of Police and Mineral Resources and Energy to prevent and investigate the violent assaults by heavily armed intruders on mining company targets, especially smelt houses. In the past year alone, the gold industry alone has suffered nine significant attacks that have seen employees and security personnel held hostage and assaulted.

View full story

COBALT: Glencore acquires land rights from DRC state partner

  • Date: 20-12-19
  • Category: COBALT
  • Source: Financial Times

Glencore’s subsidiary in the Democratic Republic of Congo has acquired land for a new tailings storage facility from state miner and partner Gécamines. Katanga, which is almost 100 per cent owned by Glencore following a recent debt-for-equity swap, will pay up to $250m under the deal for the rights to the land. The agreement will help to mitigate the risks resulting from land constraints and “enhance its ability to more efficiently operate the mines,” Katanga said in a press release.

View full story

HYDROGEN: Denmark bets on green hydrogen

  • Date: 20-12-19
  • Category: HYDROGEN
  • Source: PV Magazine

The Danish government has agreed to provide $19 million in funds for two large-scale hydrogen projects under development on the Jutland peninsula. The two projects will produce green hydrogen for the transport sector from renewable sources. Denmark’s largest energy company, Ørsted, has also announced plans for an ambitious 2 MW electrolysis plant with appurtenant hydrogen storage.

View full story

EMISSIONS: France to Raise Pollution Tax on SUVs and Trucks to $22,240

  • Date: 20-12-19
  • Category: EMISSIONS
  • Source: Bloomberg

France is taking aim at SUVs by raising a tax on heavier and more polluting vehicles, a measure that comes on top of tough new European rules being phased in next year to lower car emissions.

View full story

PALLADIUM: A Rise in Catalytic Converter Thefts Signals the Top of the Palladium Market

  • Date: 20-12-19
  • Category: PALLADIUM
  • Source: Energy and Capital

Police departments around the country are warning car owners about a resurgence in a particularly annoying and costly crime for victims: catalytic converter thefts.

View full story

PGM PRODUCERS: No festivities for Sibanye Stillwater mineworkers as retrenchments begin

As the festive season is almost at its peak, it’s doom and gloom for many Sibanye Stillwater mineworkers. The mine has started retrenching some of its employees at its Marikana operations in Rustenburg in North West.

View full story