Cobalt - Copperbelt Katanga Mining

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

Mining in Zambia Battery Metals Cobalt Copper

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

Mining in DRC Cobalt Copper

China’s Germanium Dominance Challenged by New DRC Plant

October 9, 2023October 9, 2023 Constance

A newly built plant in Democratic Republic of Congo aims to produce 30% of the world’s germanium, according to its owner, potentially easing China’s dominance of the metal used in electronics and solar cells. China produces about 60% of germanium, according to Critical Raw Materials Alliance. The Asian nation restricted exports of the metal in August amid an escalation of a tit-for-tat trade war on technology with the US and Europe. The hydrometallurgical facility in the country’s southeast was inaugurated on Wednesday by Congo’s President Felix Tshisekedi. The plant will… Read More Here

Mining in DRC Battery Metals Cobalt

DRC’s Prime Minister Launches Workshop for Responsible Supply Standards in the Cobalt Sector

September 29, 2023September 29, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde inaugurated the validation workshop for the General Company of Cobalt’s (EGC) responsible supply standards on September 28, 2023, at the Espace Roméo golf venue in Kinshasa Gombe. The workshop aims to refine the EGC responsible sourcing standards (‘EGC Standards’) developed and approved by the EGC Technical Committee, aligning with the Democratic Republic of Congo’s (DRC) laws and standards set by ARECOMS, the Small Scale Mining Assistance and Supervision Service (SAEMAPE), and the Center of Expertise, Evaluation, and Certification of Precious and Semi-Precious Mineral Substances (CEEC).… Read More Here

Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC Partnership

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

September 28, 2023September 28, 2023 Constance

The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here

Mining in DRC Cobalt Electricity Mining in Zambia

DRC Sets Sights on Electric Battery Value Chain in Global EV Market

September 27, 2023September 27, 2023 Constance

The Democratic Republic of Congo (DRC) is poised to become a key player in the global electric vehicle (EV) market, with projections indicating a substantial growth from $370.86 billion in 2021 to a staggering $1,298.32 billion by 2027, according to Bloomberg. To solidify its position, the DRC recently hosted a workshop on electric battery value chains, in collaboration with the Congolese Battery Council (CCB) and the US Department of State. Minister Nicolas Kazadi stressed the importance of a cross-border and regional approach, highlighting the need for cooperation with neighboring countries… Read More Here

Mining in DRC Battery Metals Cobalt

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