Battery Metals - Copperbelt Katanga Mining

Cobalt Prices Slide in 2023 in DRC, Posing Climate Change Challenge

September 27, 2023October 1, 2023 Constance

Since the start of the current year (2023), the price of cobalt, a strategic mineral for the fight against climate change, has continued to fall on international markets. This mineral, highly coveted in particular by automobile manufacturers, should once again experience a drop in price during the period from September 25 to 30, 2023, inform experts from the National Mercurial Commission of the Ministry of Foreign Trade of the Democratic Republic of Congo ( DRC). According to the source, a tonne of cobalt should trade at USD 32,731.00 this week… Read More Here

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DRC Partners with Buenassa for Pioneering Copper-Cobalt Plant

September 26, 2023September 26, 2023 Constance

The Democratic Republic of Congo (DR Congo) has embarked on a strategic initiative to formalize artisanal mining while contributing to the global shift towards electric vehicles. DR Congo is a major player in the green-energy transition, being a leading supplier of cobalt, a crucial element in electric vehicle batteries, and ranking among the world’s top copper producers. To bolster these efforts, DRC is throwing its support behind Buenassa, a domestically owned company, to establish a new copper-cobalt plant. This pioneering project is set to cost approximately $350 million, with Delphos… Read More Here

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DRC’s public and private sectors called upon to work together for a qualified workforce

September 26, 2023September 26, 2023 Constance

During the inaugural day of the DRC-Africa Forum on battery metals, the issue of a qualified workforce in the Democratic Republic of Congo (DRC) took center stage. The forum, themed “Creating Wealth in the Battery Metals Value Chain in the DRC and Africa,” brought together stakeholders from both the private sector and government to discuss this critical matter. Mining companies in the DRC emphasized the need for a change in the national training policy to address the shortage of skilled labor, which has been a concern for investors. They highlighted… Read More Here

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4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

September 26, 2023September 26, 2023 Constance

In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here

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KoBold Metals Aims to Revolutionize Copper Mining in Zambia

September 25, 2023September 25, 2023 Constance

KoBold Metals, backed by a group of influential billionaires, including Bill Gates and Jeff Bezos, has unveiled ambitious plans to establish a copper-cobalt mine in Zambia within the next decade. The California-based company, which allocated $150 million to the Mingomba project earlier this year, intends to explore additional copper deposits at this site, hailed as the world’s highest-grade undeveloped copper resource. KoBold, boasting the world’s leading mining company, BHP, among its shareholders, anticipates completing further exploration at the property in the coming year. Mfikeyi Makayi, CEO of KoBold Metals, remarked,… Read More Here

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DRC Requires a Minimum of $30 Billion for Electric Battery Industry Development

September 25, 2023September 25, 2023 Constance

The Arise firm has unveiled the results of its pre-feasibility study on the development of the electric battery industry in the Democratic Republic of Congo (DRC) on Thursday, September 21, 2023, in New York, United States. The report indicates that the investment required for this ambitious project is approximately $30 billion. Although preliminary, the study reaffirms the feasibility of manufacturing battery precursors within the DRC. Julien Paluku Kahongya, the Congolese Minister of Industry, hailed the significance of this study, emphasizing its potential to attract partners interested in investing in Africa,… Read More Here

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DRC to Set up “Financial Vehicles”, a New Tool for Investment in Electric Vehicle Batteries

September 24, 2023September 24, 2023 Copperbelt Katanga News

The Government of the Democratic Republic of Congo (DRC) will now establish a new tool called “financial vehicles” to allow small Congolese savers, meaning anyone who wants to invest in the electric battery value chain, to benefit from the effects of this value chain. This was revealed by the Deputy General Director of the Congolese Battery Council (CCB) of the Democratic Republic of Congo, Vuko Kakule, on Thursday, September 21, 2023, in Kinshasa, during the second day of the DRC-Africa Forum dedicated to battery metals. Speaking on a panel dedicated… Read More Here

Mining in DRC Battery Metals

18 Recommendations to Improve Mining and Industrial Governance from the DRC-Africa Battery Metals Forum 2023

September 24, 2023September 24, 2023 arnbethnic

After two days of deliberation, from September 20 to September 21, 2023, on improving mining and industrial governance in Africa as a whole and particularly in the Democratic Republic of the Congo (DRC), participants in the Forum DRC-Africa 2023 have formulated 18 recommendations to achieve this goal. Organized under the theme: “Creating wealth in the value chain of the battery metals industry in the Democratic Republic of the Congo and Africa,” this economic gathering brought together various economic stakeholders operating in the mining sector and political decision-makers, including those from… Read More Here

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Global Electric Battery Market Projected to Reach USD 1,298.32 Billion by 2027

September 23, 2023September 23, 2023 Constance

The global electric battery market is projected to reach a staggering $1,298.32 billion by 2027. This substantial figure has captured the attention of nations such as the Democratic Republic of Congo (DRC), the Republic of Zambia, and various other African countries, which possess valuable minerals essential for electric battery production. These statistics were unveiled by Professor Jean-Baptiste Ngagoma Kushinganine, a faculty member at the Catholic University of Bukavu, during the inaugural day of the DRC-Africa Forum on battery metals held in Kinshasa from September 20 to 21, 2023. Professor Jean-Baptiste… Read More Here

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DRC Claims Only 3% of the Global Cobalt Value Chain

September 23, 2023September 23, 2023 Constance

The Democratic Republic of Congo (DRC), the world’s leading producer of cobalt, holding nearly 70% of the world’s reserves of this mineral, captures very little of the revenue generated in this sector. According to the figures recorded by Professor Jean-Baptiste Kushinganine during the first day of the just ended DRC-Africa 2023 forum on battery metals, which was organized in Kinshasa, from September 20 to 21, 2023, only 3% captured from the global cobalt value chain. “Confined to the role of exporters of raw materials, the DRC is at the bottom… Read More Here