Cobalt - Copperbelt Katanga Mining

Tenke Fungurume produced 125,387 tonnes of copper and 10,465 tonnes of cobalt in the first half of 2022

August 28, 2022August 28, 2022 arnbethnic

China Molybdenum Co (CMOC) announced on Monday, August 22, 2022, its financial results for the first half of 2022, which met the objectives, according to the Chinese firm which has activities in Brazil, Australia, China and the Republic Democratic Republic of the Congo through Tenke Fungurume. As for its mining operations in Katanga, particularly in Lualaba, in the first half of 2022, Tenke Fungurume produced a volume of 125,387 tonnes of copper and 10,465 tonnes of cobalt, recording a 24.4% increase in copper production. , 49.3% for cobalt compared to… Read More Here

Cobalt Copper Mining in DRC Zinc

DRC: in the first half of 2022, copper-cobalt production is estimated at 1,144,965.75 tonnes of copper, 61,774.64 tonnes of cobalt and 6,374.73 tonnes of zinc

August 27, 2022August 27, 2022 admin

The Technical Unit for Coordination and Mining Planning (CTCPM), has published the statistical data of the copper-cobalt sector for the first half of 2022. This sector includes Copper, Cobalt, Zinc and Lead which come exclusively from Haut-Katanga and Lualaba. CTCPM data indicates that during the period under review, production sold, including exports and local sales to other entities for processing before export amounted to: – 1,144,965.75 tons of copper against 873,938.13 tons for the 1st half of 2021, an increase of 271,027.62 tons equivalent to 31.01%; – 61,774.64 tons of… Read More Here

Cobalt Copper Mining in DRC

In the second quarter of 2022, TFM produced 62,952 tonnes of copper cathodes and 5,357 tonnes of cobalt metal- DRC

August 23, 2022August 23, 2022 admin

Tenke Fungurume Mining produced, during the second quarter of 2022, approximately 62,952 tons of copper cathodes and 5,357 tons of cobalt metal. The mining company based in the Democratic Republic of Congo (DRC) has indeed paid a net amount of approximately 365.55 million US dollars (USD) in taxes and other related payments to the Treasury and other services. administrative authorities of the Democratic Republic of Congo (DRC) in the first half of 2022. During the same period, TFM also funded visible impact community projects amounting to US$15.56 million. Since the… Read More Here

Cobalt Mining in DRC

The price of global cobalt price should register a drop of 3,994 USD per tonne this week

August 7, 2022August 7, 2022 arnbethnic

Passed from 88,000 USD per ton in May 2022, the ton of cobalt should trade at 49,755.00 USD for the period from August 1 to 6, 2022, inform the experts of the National Mercuriales Commission. According to these experts, the price of cobalt should indeed go from 53,749.00 USD per ton last week to 49,755.00 USD this week, which generates a negative price difference of around 3,994 USD. during the period under analysis. Unlike last week when most of the mining products exported from the Democratic Republic of Congo (DRC)… Read More Here

Cobalt Copper Gold Mining in DRC Tin Zinc

DRC: gold, copper, cobalt, tin and zinc record a price drop this week on the international market

July 26, 2022July 26, 2022 admin

The general trend in the prices of the main mining export products of the Democratic Republic of Congo (DRC) should be downward this week from July 25 to 30, 2022. According to the projections of the National Mercurial Commission of the Ministry of Foreign Trade, only tantalum is expected to remain stable this week in the market to trade at USD 410.00 per kilogram. Elsewhere, copper, cobalt, tin, zinc, gold and silver are all expected to fall during this week. Indications from the Ministry of Foreign Trade indicate that copper… Read More Here

Cobalt Mining in DRC

DRC: 28,990 tonnes of cobalt produced by mining companies during the first 3 months of 2022

July 26, 2022July 26, 2022 admin

The Democratic Republic of Congo produced 28,990 tonnes of cobalt in the first three months of this year compared to 21,204 tonnes of cobalt in the same period of 2021, an increase of 7,786 tonnes of cobalt, according to data provided by the Central Bank in its compendium of statistical information. Of this production volume, Gécamines, a Congolese state company, produced 5,422 tons of cobalt during the same period. Note that the mining industry in the DRC produced a volume of 93,011 tonnes of cobalt in 2021, according to data from the… Read More Here

Cobalt Mining in DRC Mining in Zambia

Cobalt falls to USD 53,749.00 per ton this week globally (Mercuriales)

July 25, 2022July 25, 2022 arnbethnic

The prices of the main mining products exported from the Democratic Republic of Congo recorded a downward trend on the international market during the period from July 25 to 30, 2022, inform the experts of the National Mercurial Commission of the Ministry of Foreign Trade. According to this Commission, cobalt is expected to fall to trade at 53,749.00 USD per ton this week against 59,741.00 USD last week, a negative price difference of 5,992 USD. Copper is also expected to continue its downtrend to $7,237.05 per ton from $7,576.05 per… Read More Here

Copper Cobalt Mining in DRC Zinc

prices of mining products continue to fall, copper plunges to 7.576 USD per ton

July 25, 2022July 25, 2022 admin

The general trend in the prices of the main mining export products of the Democratic Republic of the Congo is downward this week from July 25 to 30, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Copper remains down this week and is trading at 7,237.05 USD per ton against 7,576.05 USD per ton last week, a drop of 339 USD. Cobalt is also down at 53,749.00 USD per ton against 59,741.00 USD last week, a negative price difference of 5992 USD. Zinc… Read More Here

Copper Cobalt Mining in DRC

Angola awards $333m to Trafigura consortium to improve Congo rail link

July 21, 2022July 21, 2022 admin

Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73 million in rolling stock and $4.3 million in other activities, Angola’s transport ministry said, to… Read More Here

Cobalt Copper Mining in DRC

CMOC’s Congo mine suspends copper and cobalt exports

July 19, 2022July 19, 2022 admin

CMOC’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice seen by Reuters late on Saturday, complying with demands by a court-appointed administrator. A CMOC spokesman did not immediately reply to a request for comment but had said on Friday that the mine, which accounted for more than 10% of worldwide cobalt output in 2021, had not issued any instructions to stop exports. CMOC has been locked in dispute with the administrator appointed in February to run the mine for six months in response… Read More Here