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Category: Cobalt

Electra Battery Partners with ERG for DRC's Cobalt Supply 1 Mining in Zambia Battery Metals Cobalt 

Electra Battery Partners with ERG for DRC’s Cobalt Supply

Constance
In the race for the Democratic Republic of Congo’s (DRC) rich mineral resources, valued at a staggering $24 trillion, Electra Battery Materials has taken a significant stride. Recently, the company announced a pivotal agreement with Eurasian Resources Group (ERG) for a steady supply of Congolese cobalt. Under this arrangement, ERG, based in the DRC, will deliver 3,000 tonnes of cobalt hydroxide annually from its Metalkol operation to Electra. This cobalt will be channeled to a refinery located near Toronto, starting in 2026. This strategic partnership aligns with the United States’… Read More Here
The Mining Process in the Democratic Republic of Congo 2 Mining in DRC Cobalt Copper Mining Process You got to know this 

The Mining Process in the Democratic Republic of Congo

Constance
The Democratic Republic of Congo (DRC) is a country rich in natural resources, particularly minerals, making mining a significant contributor to its economy. With vast reserves of cobalt, copper, gold, diamonds, and other minerals, the DRC holds a prominent position in the global mining industry. Let’s delve into the mining process in this mineral-rich nation. 1.Exploration: The mining process in the DRC typically begins with exploration activities aimed at identifying potential mineral deposits. Exploration methods may include geological surveys, remote sensing, drilling, and sampling to determine the size, grade, and… Read More Here
Progress Update on Red Rock Resources' Arbitration in the DRC 3 Mining in DRC Cobalt Copper 

Progress Update on Red Rock Resources’ Arbitration in the DRC

Constance
Red Rock Resources, listed on AIM, has issued a significant update regarding its ongoing arbitration proceedings in the Democratic Republic of Congo (DRC) concerning the company’s stake in the VUP copper/cobalt joint venture (JV). As of February 5, Red Rock announced that the finalization of the arbitration award regarding its claim for a portion of the sale proceeds from a JV asset was pending signature and release. Despite a temporary halt in proceedings due to Presidential elections and the subsequent formation of a new administration, Red Rock has indicated that… Read More Here
Lwisha Artisanal Miners Face Harassment and Exploitation by State Services 4 Mining in DRC Artisanal mining Cobalt Copper Zinc 

Lwisha Artisanal Miners Face Harassment and Exploitation by State Services

Constance
At artisanal mining sites in Lwisha, located in the Haut-Katanga province, diggers endure not only the illegal presence of numerous state services but also harassment and arbitrary taxes. In areas like “Kasonga” or “Double Band,” where copper is extracted, artisanal diggers are subjected to abuses by state services. These services control the region, imposing various taxes and fees without clear justification, plunging diggers into perpetual poverty. Working under deplorable conditions, diggers in Lufira’s sector face multiple barriers controlled by different state departments, each demanding payments upon each visit. Refusal often… Read More Here
DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns 5 Mining in DRC Battery Metals Cobalt 

DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns

Constance
The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies operating at mines managed by Eurasian Resources Group (ERG), adding to the challenges faced by the cobalt and copper producer in the country. The government announced the ban on March 14, citing non-compliance with Congolese ownership requirements. Despite a meeting with ERG representatives last week, the regulator confirmed on Tuesday that the sanctions remain in place. Miguel Kashal Katemb, director general of the Regulatory Authority for Subcontracting in the Private Sector, emphasized the need for ERG to engage subcontractors… Read More Here
Electra and Eurasian Resources Group Sign Cobalt Supply Agreement 6 International Battery Metals Cobalt Lithium Press Release 

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Constance
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group (“ERG”, “The Group”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for the long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery. This transaction supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners. .Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s… Read More Here
Gécamines Mining in DRC Cobalt Copper 

US Seeks Closer Ties with DRC Miner Gecamines to Secure Critical Mineral Supply

Constance
The United States is actively engaged in regular dialogue with the Democratic Republic of Congo’s state miner, Gecamines, as part of efforts to strengthen ties with key suppliers of cobalt and copper in Africa, a senior State Department official informed Reuters. With China’s aggressive investment in Congo, Zambia, and other African nations, Washington has increasingly expressed concerns about the concentration of mineral supplies essential for electric vehicles and electronics in the hands of a single dominant player. Jose Fernandez, the US State Department’s under secretary for economic growth, energy, and… Read More Here
Minister Updates Child Welfare Project in Cobalt Supply Chain 7 Mining in DRC Cobalt 

Minister Updates Child Welfare Project in Cobalt Supply Chain

Constance
During a council meeting on Friday, March 21, Minister of Social Affairs, Humanitarian Actions, and National Solidarity, Modeste Mutinga, shared the interim outcomes of a project aimed at removing children from artisanal cobalt mines and transitioning their families into agribusiness. The initiative seeks to provide economic alternatives to diversify the local economy and offer socio-professional integration opportunities for the population. Key achievements include the support of 13,587 children, who were referred to schools near cobalt mining sites in Haut-Katanga and Lualaba. Additionally, plans are in place to construct 18 social… Read More Here
Western Interest Grows in Congolese Minerals as China Strengthens Ties 8 Mining in DRC Battery Metals Cobalt Lithium 

Western Interest Grows in Congolese Minerals as China Strengthens Ties

Constance
In recent years, Western nations, particularly the European Union and the United States, have shown a heightened interest in the abundant reserves of cobalt and lithium present in the Democratic Republic of Congo (DRC). Recognizing the DRC’s significance in the global energy transition, these Western powers have intensified efforts to reduce reliance on China for critical mineral supplies, leading to a strategic repositioning in the region. This renewed focus prompted the DRC to seek a renegotiation of its 2008 agreement with the Chinese Enterprise Group, aiming for more favorable terms.… Read More Here
Goldman Sachs Forecasts Declines in Key Energy Transition Minerals (Study) 9 Battery Metals Cobalt Lithium Nickel 

Goldman Sachs Forecasts Declines in Key Energy Transition Minerals (Study)

Constance
Goldman Sachs, an American investment bank, forecasts significant declines in the prices of cobalt, nickel, and lithium over the next twelve months, driven by weakening demand from the electric vehicle industry in Western countries and oversupply. Despite already experiencing substantial drops—60% for nickel, 80% for lithium, and 65% for cobalt—from their peak levels, analysts at the Wall Street bank caution against premature optimism regarding the end of this downward trend. Over the coming year, Goldman analysts anticipate price decreases of 12% for cobalt, 15% for nickel, and 25% for lithium… Read More Here

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