Cobalt - Copperbelt Katanga Mining

DRC’s Glencore Reports Impressive 18% Surge in Copper Production for Q4 2022

November 6, 2023November 6, 2023 Constance

Glencore, one of the world’s leading copper producers, announced that it would produce 220,000 tonnes of copper in 2022. Present in the three largest producing countries of the red metal, namely Chile, Peru and the DRC, the Swiss raw materials giant Glencore communicated its 2022 statistics in an activity report published on October 30, 2023. The report indicates that during the period under review, Glencore’s Congolese mines delivered 68,900 tonnes of copper, up 18% from the second quarter. This performance, the best since the start of the year, brings its… Read More Here

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DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

October 27, 2023October 27, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here

Mining in DRC Battery Metals Cobalt

Chemaf Resources in DRC Seeks Buyer Amid Cobalt Price Slump

October 27, 2023October 27, 2023 Constance

A mining company in the Democratic Republic of Congo, supported by commodity trader Trafigura Group, has put itself up for sale due to the declining cobalt prices that have left the company struggling to complete its key projects. Chemaf Resources Ltd.’s expansion plans faced financial troubles, prompting the need for fresh investment. The company was aiming to construct one of the largest copper and cobalt mines in Congo and two new processing plants. Last year, it secured a $600 million loan from Trafigura. However, Bloomberg reported in August that Trafigura… Read More Here

Mining in DRC Battery Metals Cobalt Copper Lithium

Zijin Mining Asserts Its Right to Develop Manono Lithium Mine in the DRC

October 25, 2023October 25, 2023 Constance

China’s Zijin Mining is determined to move forward with the contentious Manono Lithium mine in the Democratic Republic of Congo (DRC) after being granted permission to develop the deposit. Originally owned by Australian AVZ Minerals, the mineral-rich site had its permit revoked by the DRC’s mines ministry due to slow development progress. As a top gold and copper miner in China, Zijin has been actively acquiring lithium assets in South America and Africa to supply the electric vehicle battery industry. Zijin’s subsidiary, Jinxiang Lithium, holds a 61% stake in Manono… Read More Here

Mining in DRC Battery Metals Cobalt

MMG Kinsevere Inaugurates $600 Million Cobalt Recovery Plant in the DRC

October 20, 2023October 20, 2023 Constance

With a production capacity of 5,000 tonnes per year, MMG Kinsevere has established a new Cobalt recovery plant as part of the $600 million Expansion Project. The mining company MMG Kinsevere, based in Upper Katanga, now boasts a new Cobalt recovery plant. This facility was inaugurated on Saturday, October 14, 2023, within the MMG site located on the Kinsevere Road in Upper Katanga, in the southeastern part of the Democratic Republic of the Congo (DRC). Several dignitaries attended the event, including Antoinette N’samba, the national Minister of Mines; Claudine Ndusi,… Read More Here

Mining in DRC Battery Metals Cobalt Copper

Delphos Invests $350 Million in Copper and Cobalt Refinery in DRC’s Katanga Province

October 18, 2023October 18, 2023 Constance

In a significant development for the Democratic Republic of Congo (DRC), the Industry Promotion Fund (FPI) has confirmed that a mining company is allocating $350 million for the establishment of a copper and cobalt refinery in the former province of Katanga. This initiative is part of the broader plan to industrialize the DRC, and the FPI is actively involved in facilitating this endeavor. According to the FPI’s press release, both technical and legal commissions have been formed to expedite the signing of a protocol between the FPI and Buenassa, a… Read More Here

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Satellites Uncover Mining Emissions in Africa’s Copperbelt

October 18, 2023October 18, 2023 Constance

Emissions from mining operations in Africa’s Copperbelt, particularly for copper and cobalt, can now be quantified from space, according to a groundbreaking study led by the National Center for Atmospheric Research (NCAR). The research reveals the environmental impact of the mining boom on air quality in neighboring towns and villages and offers the potential for remote monitoring of mining activities in a region where surface monitoring is limited. Mining for copper and cobalt in Africa has seen rapid growth, largely driven by the increasing global demand for electric vehicles, smartphones,… Read More Here

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Jubilee Metals announces award of a significant New Slag Project with Mopani Copper Mines

October 12, 2023October 20, 2023 Constance

Jubilee Metals Group PLC (AIM: JLP/Altx: JBL), a diversified metals processing business with operations in Africa, is pleased to announce the award of the large Mufulira Slag Project through a Joint Venture (“JV”) collaboration with Mopani Copper Mines (“MCM”) (“The Slag Project”). This binding and exclusive award of The Slag Project aims to process approximately 13 million tonnes of historical slag, estimated to contain 0.7% copper and 0.27% cobalt in addition to the current slag arisings. Under the targeted JV, Jubilee is exclusively appointed to design, implement and operate the new… Read More Here

Mining in DRC Battery Metals Cobalt

ERG Inks Cobalt Supply Agreement with Leading US Battery Materials Producer

October 12, 2023October 12, 2023 Constance

Luxembourg-based Eurasian Resources Group (ERG) announced a five-year cobalt supply agreement with EVelution Energy, an electric vehicle (EV) battery materials producer in the United States, starting in 2026. This deal is part of the growing investment in the US electric vehicle battery supply chain, driven by President Joe Biden’s Inflation Reduction Act, which offers substantial green energy tax credits. ERG will provide EVelution with 3,000 metric tons of cobalt metal annually, supporting EVelution’s plans to establish a low-carbon cobalt sulphate plant in Arizona by 2026, powered by solar energy. This… Read More Here

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ERG Africa’s Metalkol Attains ISO 9001:2015 Certification for Copper and Cobalt Hydroxide Production

October 11, 2023October 11, 2023 Constance

The certification further cements Metalkol’s position as a world-class supplier of copper and cobalt to support the green energy transition. ISO 9001 is globally recognised as the most comprehensive quality management system (QMS), and Metalkol’s ISO 9001:2015 certification is based on evaluation against global industry excellence standards set out by the International Organisation for Standardisation (ISO). Metalkol’s newly awarded ISO 9001:2015 certification encompasses various processes of its copper cathode and cobalt hydroxide production, including copper solvent extraction, copper tank-house operations and packaging, as well as its cobalt hydroxide purification, precipitation,… Read More Here