Cobalt - Copperbelt Katanga Mining

Félix Tshisekedi Encourages better marketing of Cobalt ore

August 30, 2023August 30, 2023 Constance

Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meager share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers convened on Friday, August 25, 2023, President Félix Tshisekedi of the Republic emphasized the urgency of introducing comprehensive measures to meticulously regulate cobalt marketing and amplify the income generated through… Read More Here

Mining in DRC Cobalt Gold Mining Policy

DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal

August 25, 2023August 25, 2023 Constance

The exorbitant advantages granted by the Democratic Republic of Congo’s government to “Primera,” a United Arab Emirates mining company, continue to stir reactions within the Congolese socio-political sphere nearly a year after the agreement’s signing. In response, National Deputy Alfred Maisha has submitted a written inquiry to the National Assembly, addressing three government members: Adèle Kayinda, Minister of State for the Portfolio; Antoinette N’Samba, Minister of Mines; and Nicolas Kazadi, Minister of Finance. Maisha, representing Bukavu, finds the advantages and monopoly granted to Primera unacceptable, as they undermine Congolese companies’… Read More Here

Mining in DRC Cobalt

DRC’s Wealth of Mineral Resources Garners Worldwide Attention

August 25, 2023August 25, 2023 Constance

As the African continent gains prominence as a vital source of raw materials for the world, the Democratic Republic of the Congo (DRC) emerges as a key player in this evolving landscape. Despite its current status as one of the world’s poorest nations, the DRC holds substantial economic promise, with its rich resource base and strategic significance. Spanning as the second largest African nation, the DRC boasts abundant natural resources, including oil, coal, diamonds, cobalt, zinc, silver, and rare metals like tungsten. Impressively, the republic commands a 70% share in… Read More Here

International Battery Metals Cobalt Mining Personality Nickel

Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here

Mining in DRC Cobalt Copper

DRC Aims to Regain Control with Bid for ERG’s Copper and Cobalt Assets

August 25, 2023August 25, 2023 Constance

The Democratic Republic of Congo (DRC) wants to buy back some of the country’s prized copper and cobalt deposits, as the government tries to gain more control of crucial green metals. The assets are some of those owned by Eurasian Resources Group, a Kazakh-backed miner and major cobalt producer with dozens of DRC mining and exploration permits. The government and state-owned miner Gecamines say ERG has been too slow to develop them — and Gecamines in June told ERG it wants to take some over, according to a July letter seen by Bloomberg that was sent… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

Copper Cobalt Mining in DRC

DRC Expects Copper Price to Decline This Week

August 16, 2023August 16, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) on international markets is bearish during the period from August 14 to 19, 2023. According to the National Mercurial Commission of the Ministry of Foreign Trade, the copper price should continue in its downward curve this week to trade at 8,417.15 USD per tonne against 8,613.75 USD per tonne a week earlier. According to the projections made by the experts of the Ministry of Foreign Trade, copper should lose 196.6 USD of its market value during… Read More Here

Cobalt Mining in DRC

Glencore CEO Reveals Strategy to Bolster Cobalt Prices and Address Market Challenges

August 11, 2023August 11, 2023 Constance

Glencore, a leading cobalt producer, has undertaken measures to stabilize cobalt prices and address market dynamics, according to the company’s CEO, Gary Nagle. The CEO shared insights into the firm’s strategy, indicating that it stockpiled cobalt during the first half of the year to support prices for this vital material used in electric vehicle batteries and aerospace applications. Nagle noted that Glencore, which holds the position of the world’s largest cobalt producer, is actively considering additional strategies. These include potential reductions in production and further accumulation of cobalt stockpiles, which… Read More Here

Mining in DRC Cobalt Copper Gold Zinc

DRC’s Mining Exports Drop on Global Markets

August 11, 2023August 11, 2023 Constance

The general trend of the main mining products exported from the Democratic Republic of Congo on international markets is downward during the period from August 7 to 12, 2023. According to projections by the National Commission of Mercurials of the Ministry of Foreign Trade, products such as tin, gold and tantalum should experience a drop in price this week. Tin is expected to trade at $28,671 per ton versus $28,820 per ton last week, down $148. As for gold, its price should be around 63.48 USD per gram this week… Read More Here