You are here

Category: Cobalt

CMOC’s Congo mine suspends copper and cobalt exports 1 Cobalt Copper Mining in DRC 

CMOC’s Congo mine suspends copper and cobalt exports

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
As of July 12, 2022, the price of cobalt has fallen to USD 59,985.00 per tonne 2 Cobalt International 

As of July 12, 2022, the price of cobalt has fallen to USD 59,985.00 per tonne

admin
The downward trend has continued for cobalt prices on the international market since May 2022. On the London Metal Exchange, a ton of cobalt currently stands at 59,985.00 US dollars. According to specialists in the sector, this downward trend is an indirect consequence of the confinements in China. Driven by the will of the actors involved in the fight against climate change, at the beginning of the year, cobalt prices amounted to around 87,000 US dollars on the international market. Since propelling themselves around a historic high in May 2022,… Read More Here
Jubilee commissions cobalt refining circuit in Zambia 3 Cobalt Copper Mining in Zambia 

Jubilee commissions cobalt refining circuit in Zambia

admin
Jubilee Metals Group PLC, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to announce an update at its Zambian operations where the integration of the Sable Copper and Cobalt refinery with the newly constructed copper concentrator, Project Roan, continues as part of Jubilee’s Southern Refining Strategy. Highlights –      Cobalt refining circuit at the Sable Refinery entered the commissioning phase during June 2022 in line with original timing expectations, with first trial cobalt product produced per the expected commissioning and ramp up schedule: o  Commercial production is targeted… Read More Here
Mining products still down during this week from July 11 to 16, 2022 - DRC 4 Cobalt Copper Mining in DRC Zinc 

Mining products still down during this week from July 11 to 16, 2022 – DRC

admin
The general trend of export mining products from the Democratic Republic of Congo remains downward during this week from July 11 to 16, 2022, inform the projections of the National Mercurial Commission of the Ministry of Foreign Trade. This week, copper keeps its downward trend and is trading at 8,018.55 USD per ton against 8,442.25 USD per ton, a negative price difference of 423.7 USD. Cobalt remains stable on the market again this week at 87,781.05 USD per ton. Zinc is also down this week at 3,129.00 USD per ton… Read More Here
Giant Congo cobalt mine exports at risk as investors feud 5 Cobalt Copper Mining in DRC 

Giant Congo cobalt mine exports at risk as investors feud

admin
An intensifying feud between shareholders of the giant Tenke Fungurume Mining SA in the Democratic Republic of Congo may lead a court-appointed administrator to block its exports of copper and cobalt. The administrator, Sage Ngoie Mbayo, began ordering the export suspension over the past week as he tries to resolve a dispute over royalty payments between CMOC Group Ltd. and state-owned miner Gecamines, according to four separate letters sent to a Congolese tax agency, and three export agents including a unit of France’s Bollore Group. The documents seen by Bloomberg were verified… Read More Here
Congo orders China's CMOC to stop exports from Tenke Fungurume cobalt mine 6 Cobalt Copper Mining in DRC 

Congo orders China’s CMOC to stop exports from Tenke Fungurume cobalt mine

admin
A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed. CMOC, which has previously said that Tenke Fungurume Mining (TFM) remains under its management, did not immediately reply to a request for comment on the letters dated June 29 and July 1. The order is the latest escalation in a dispute between CMOC, which owns 80% of TFM, and Democratic Republic of Congo’s state mining company Gecamines, which holds the remaining 20%. Congo’s government… Read More Here
A ton of cobalt falls to 64,985.00 USD on the International Market 7 Cobalt International 

A ton of cobalt falls to 64,985.00 USD on the International Market

admin
The price of cobalt recorded a spectacular fall this Tuesday, July 5, 2022 on the international metals market in London. The prices displayed on the London Stock Exchange indicate that cobalt is sold at 64,985.00 US dollars on Tuesday July 5 against 70,000 USD per ton on July 1, 2022. In less than five (5) days, a tonne of cobalt recorded a price drop of around 5,015 USD. In addition, it should be noted that the general trend in the prices of mining export products from the Democratic Republic of… Read More Here
continuous fall in the prices of the main mining export products of the DRC 8 Copper Cobalt Mining in DRC Zinc 

continuous fall in the prices of the main mining export products of the DRC

admin
The general trend in the prices of mining export products from the Democratic Republic of the Congo is downward on the international market this week from July 4 to 9, 2022, according to projections by experts from the National Mercurial Commission of the Ministry of Commerce. outside. Copper continues to fall this week to 8,442.25 USD per tonne against 8,960.20 USD per tonne last week, a negative price difference of 517.95 USD. Cobalt keeps its price of last week and is trading at 87,781.05 USD per ton. Zinc is down… Read More Here
CMOC targets H1 2023 for DRC mine production 9 Mining in DRC Cobalt Copper 

CMOC targets H1 2023 for DRC mine production

admin
Chinese firm CMOC is targeting the first half of 2023 for production to begin at its KFM copper-cobalt mine in Democratic Republic of the Congo. CMOC acquired a 95% stake in KFM, then called Kisanfu, from the DRC government in December 2020. CMOC paid US$550 million for the mine. Full production will see KFM produce an average of 90,000 tons of copper and 30,000 tons of cobalt. CMOC is also developing the Tenke Fungurume copper-cobalt mine, located 33 kilometres from KFM. In 2019, the mine produced 177,956 tonnes of copper… Read More Here
Prices of the main mining export products of the DRC are down during this week from June 27 to July 2, 2022  10 Mining in DRC Cobalt Copper Zinc 

Prices of the main mining export products of the DRC are down during this week from June 27 to July 2, 2022 

admin
This is bad weather for the main mining export products of the DRC. During this week from June 27 to July 2, 2022, the general trend of prices on the international market shows a drop, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper shows a drop in price of around 434.7 USD. It is traded around 8960.20 USD per ton this week against 9394.90 USD per ton last week. Zinc is also down this week at 3640.95 USD per tonne against 3702.40 USD… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.