Cobalt - Copperbelt Katanga Mining

DRC ranks first Producer of Cobalt with 73% of the total supply in 2022

May 22, 2023May 22, 2023 Constance

The Democratic Republic of Congo (DRC) ranks first in the ranking of cobalt-producing countries in Africa, according to a study by the Cobalt Institute. The source informs that the country produced more than 70% of the total supply in 2022, thus dominating the world production of cobalt. The document informs that the DRC is not the only African country included in the ranking. Madagascar remained Africa’s second largest producer last year, overtaking Morocco, which is home to the continent’s only mine producing only cobalt. The African top 5 is completed… Read More Here

Mining in DRC Cobalt

DRC Set to Maintain Dominance in the Cobalt Market Until 2030

May 12, 2023May 12, 2023 Constance

In 2022 alone, the Democratic Republic of the Congo produced 115,371 tonnes of cobalt, more than two-thirds of global production. This importance of the DRC in the world supply of the green metal will have to continue until 2030, according to the projections of the Cobalt Institute, in its report of the year 2022 relating to the state of the world market. According to expert projections, the DRC should represent 57% of the world’s cobalt supply from its mines in 2030, compared to 73% in 2022. This, despite the rise… Read More Here

Cobalt Mining in DRC

Cobalt Prices Surge, Expected to Reach $34,247.00 per Tonne This Week in DRC

May 11, 2023May 11, 2023 Constance

Since its sudden fall in July 2022, cobalt has struggled to regain its best level on the international mining product markets. The forecasts of the National Mercurial Commission of the Ministry of Foreign Trade for the period from Monday 8 to Saturday, May 13, 2023 indicate that the tonne of cobalt should increase slightly to 34,247.00 USD against 34,244.00 USD per tonne a week earlier. Gold is also expected to see a slight rise in price this week from USD 64.47 to USD 64.51 in international markets over the same… Read More Here

Copper Cobalt Mining in DRC

DRC’s Glencore yields 61,800 tonnes of copper and 9,800 tonnes of cobalt in Q1 of 2023

April 28, 2023April 28, 2023 Constance

Through its mines in the Democratic Republic of Congo, Katanga and Mutanda, Glencore produced 61,800 tonnes of copper and 9,800 tonnes of cobalt in the first quarter of 2023, up 11.15% and 11.36% respectively year-on-year annual, according to its activity report published on April 21, 2023. The Swiss commodities giant says its overall quarterly copper production has nevertheless fallen by 5% compared to 2022, to 244,100 tonnes for all its mines. On analysis, this drop is linked in particular to the expected lower grades of the ore extracted over the… Read More Here

Copper Cobalt Mining in DRC Mining in Zambia

Eurasian Resources Group to Double Copper and Cobalt Production in DRC and Zambia with $1.8B Investment

April 26, 2023April 27, 2023 Constance

Eurasian Resources Group (ERG), a Kazakh company registered in Luxembourg, plans to invest US$1.8 billion in the development of its mines in the DRC. According to the words of the Managing Director of this company, Benedikt Sobotta, the company intends to develop the minerals produced in the Democratic Republic of Congo (DRC). ERG thus envisages significant production of copper and cobalt in this year 2023, with a focus on its mining operations in the Democratic Republic of Congo as well as in Zambia. “Regions like the DRC that produce the… Read More Here

Mining in Zambia Cobalt

Zambia’s Cobalt Production Reaches 251 Tons in 2022

April 26, 2023April 26, 2023 Constance

Official data from the Ministry of Mines and Minerals Development shows that Zambia’s annual cobalt production in 2022 has reached 251 tons, representing a 2% increase from the 247 tons produced in 2021. The country’s cobalt production had previously decreased after the collapse of international prices. The Ministry of Mines and Minerals Development, revealed that the country produced 251 metric tons of cobalt in 2022, 247 in 2021, 315 in 2020, and 878 in 2019. Reports show that global supplies of refined cobalt, which is used in the rechargeable batteries… Read More Here

Mining in DRC Cobalt Copper

$75M secured by Gecamines’ subsidiary for the construction of new unit

April 13, 2023April 13, 2023 Constance

STL, a subsidiary of the Democratic Republic of Congo’s state mining company Gecamines, announced on Tuesday 11th April that it has secured $75 million to build a new hydro-metallurgical unit. The unit will produce materials used in manufacturing semiconductors and extend the life of its existing facilities by 30 years. The company, which focuses on making commercial use of a slag heap in Lubumbashi, the capital city of the mining region of Katanga in southeastern Congo, plans to begin operations from August this year. The new unit will produce copper… Read More Here

Cobalt Mining in DRC

The price of Cobalt rises to 34,256 USD per tonne this week

April 12, 2023April 12, 2023 Constance

After several months of scarcity on the international market, the price of cobalt should record a price increase this week. According to projections by experts from the Commission Nationale des Mercuriiales, a service attached to the Ministry of Foreign Trade, cobalt should trade at 34,256 USD per tonne this week against 33,556 USD per tonne last week, i.e. a price difference positive of 700 USD. Cobalt should not be the only mining product exported from the Democratic Republic of Congo (DRC) to experience a price increase this week. Statistical data… Read More Here

Mining in DRC Artisanal mining Cobalt Taxes

New effort maps taxes and fees to increase transparency in Congo’s artisanal cobalt supply chain

April 10, 2023April 10, 2023 Constance

Studies show that heavy taxes and complex administrative burdens encourage extortion, smuggling, and debt bondage. IMPACT is launching a new project tackling corruption in Democratic Republic of Congo’s (DRC) artisanal cobalt sector with an effort to map all the taxes and fees supply chain actors are legally required to pay. The Mapping Payments project, which is implemented in collaboration with the Congolese non-profit Action pour la Défense des droits humains (ADDH), kicked off last month with a workshop in Kolwezi, Lualaba Province—the town at the heart of DRC’s artisanal cobalt mining sector.… Read More Here

Mining in Zambia Cobalt Copper

Demands for Revamping Chambishi Metals Plant on the Rise

April 6, 2023April 6, 2023 Constance

Stakeholders in the mining industry on the Copperbelt have continued to demand action from the owners of Chambishi Metals, Eurasian Resources Group (ERG), to either revive the plant or hand it over to the Zambian government to seek alternative investors. Augustine Mubanga, the former Mining Suppliers President, has urged for the owners of Chambishi Metals to be penalized if they fail to take action. Mubanga stated that the plant should be put into productive use and not remain on care and maintenance. He added that ERG should find ways to… Read More Here