Cobalt - Copperbelt Katanga Mining

In eight months, Gécamines produced 15,104 tonnes of cobalt and 2,217 tonnes of copper-DRC 1

General of careers and mines (Gécamines) produced 15,104 tonnes of cobalt and 2.217 tonnes of copper during the first eight months of 2022. This is indicated by the official statistical data published by the Central Bank of Congo (BCC) in its Summary of statistical information for the month of October 2022. According to the Central Bank of Congo, Gécamines records an increase in production in 2022 compared to the same period in 2021 when annual cumulative production was around 1,568 tonnes for copper and 11,199 tonnes of cobalt. This document… Read More Here

Cobalt Mining in DRC

More than 80,000 tons of cobalt produced in 8 months by the mining industry-DRC

October 27, 2022October 27, 2022 admin

The Democratic Republic of the Congo produced 80,752 tons of cobalt between January and August 2022 compared to 59,876 tons of cobalt in the same period in 2021, according to the Condensed statistical information of the Central Bank of Congo for the month of October 2022. Having already achieved a monthly production of 10,000 tons of cobalt in the first 8 months of this year, the DRC mining industry is on track to cross the milestone of 100,000 tons of cobalt in 2022. Note that the Democratic Republic of the… Read More Here

Mining in DRC Cobalt Copper Lithium

Consider industrial mining investment outside of Greater Katanga! (Grandstand)-DRC

October 26, 2022October 26, 2022 admin

The DRC is a geological scandal. There is gold, cobalt, copper, lithium, coltan, etc. These natural advantages are reflected in particular by the country’s positive growth rate, driven largely by the mining sector. However, on closer inspection, this potential seems to me to be under-exploited. Indeed, when I analyze the State of mining titles dated July 2021, it appears that out of the 388 active mining titles belonging to private entities, 245, or 63% are located in the provinces of Upper Katanga and Lualaba. The western provinces where there are however traces of minerals… Read More Here

Copper Cobalt Mining in DRC Zinc

All mining products exported from the DRC are down this week on the international market

October 26, 2022October 26, 2022 admin

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish this week over the period from October 24 to 29, 2022. This is reported by the National Commission on Price Lists of the Ministry of Foreign Trade. According to this report, cobalt, which had for several weeks maintained its price above 51,000 USD per ton, should drop slightly this week to 51,260 USD per ton against 51,261.50 USD per ton last week. i.e. a slight drop of around -1.5 USD. On the same market,… Read More Here

Mining in DRC Cobalt

Cobalt has been stabilizing around USD 51,000 per tonne for several weeks

October 20, 2022October 20, 2022 admin

The general trend in the prices of the main mining export products is upwards in this week from October 17 to 22, 2022, according to data from the National Mercurial Commission. Cobalt is up this week at $51,261.5 per ton from $51,261.00 per ton the previous week, a positive price differential of $0.5. Similarly, copper shows an upward trend this week at 7,637 USD per tonne against 7,604.30 USD per tonne last week, an increase of around 32.15 USD. Zinc is trading this week up to 3,020.50 USD per ton… Read More Here

Copper Cobalt Mining in DRC

Critical Metals announces the resumption of production at its Molulu copper-cobalt mine in the 4th quarter of 2022-DRC

October 18, 2022October 18, 2022 admin

Critical Metals CEO Russell Fryer has announced the resumption of production in the fourth quarter of this year at the Molulu copper and cobalt mine. He made the statement, on the sidelines of the appointment, on Thursday, October 13, of Lloyd Kirtley as DRC field director for Critical Metals . “ His experience working on the ground in many countries across Africa will be invaluable in enabling us to quickly bring this former copper/cobalt asset, located in a highly prospective region, into production in the fourth quarter of 2022 ,” added on this subject Russell Fryer,… Read More Here

HAS GLENCORE GIVEN ELECTRIC VEHICLES THE EXTRA PUSH TO ENGINEER COBALT OUT OF A BATTERY?

October 17, 2022October 17, 2022 admin

Is cobalt becoming its own worst enemy? Simon Moores, Managing Director, Benchmark Mineral Intelligence explores Glencore’s latest move to pull hydroxide supply from the market in the midst of contract negotiating season and what it means for cobalt’s strained relationship with cathode, battery and electric vehicle (EV) producers. On Tuesday 6 November, the wires and social media channels were lit up with a seemingly significant piece of cobalt news: Glencore had pulled 1,472 tonnes of cobalt hydroxide from the market. The basis for the world’s leading producer to act in this way… Read More Here

Copper Cobalt Mining in DRC Zinc

copper on the rise but remains below USD 8,000 per tonne

October 14, 2022October 14, 2022 admin

This week from October 10 to 15, 2022, the mineral export products of the Democratic Republic of the Congo are showing an upward trend in the majority, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 7,604.30 USD per tonne against 7,506.80 USD per tonne last week, an increase of around 97.7 USD. Cobalt is also up this week at 51,261 USD per ton against 51,211 USD per ton last week, giving a positive price difference of… Read More Here

Copper Cobalt Mining in DRC

Copper and cobalt prices continue to fall & Rise on the international market

October 3, 2022October 3, 2022 admin

The prices of commercial mining products from the Democratic Republic of Congo continue to rise and fall on the international market, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Only tin is up this week in the market and is trading at 21.483 USD per ton against 21.426 USD per ton for the week, a price difference of 57 USD. Tantalum is stable on the market this week at 380 USD per kg. All other mining export products from the DRC are down this… Read More Here

Mining in DRC Cobalt Copper

DRC: in 2019, the mining sector represented 99.3% of the country’s exports and contributed 24.79% to jobs

September 30, 2022September 30, 2022 admin

The mining sector of the Democratic Republic of Congo (DRC) remains, to this day, the key sector of the Congolese national economy. In 2019, exports from this sector were estimated at 99.3% of the country’s total exports and contributed 24.79% in jobs in 2019, informs a report by the non-governmental organization ” Makuta ya Maendeleo” on the Mining Fund for Future Generations (FOMIN). Considered as one of the richest countries in the world in natural resources, in particular mines, the Democratic Republic of Congo (DRC) is the world’s leading producer… Read More Here