Cobalt - Copperbelt Katanga Mining

Glencore to supply cobalt to GM in multi-year deal

April 13, 2022April 13, 2022 admin

Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The US car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025. “Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” chair and chief executive officer Mary Barra said… Read More Here

Mining in DRC Cobalt

World: down, the price of cobalt drops to 81,579.00 USD per ton this week

April 11, 2022April 11, 2022 admin

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish on the international market for the week from April 11 to 16, 2022. This is reported in the press release from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, which assesses weekly the evolution of the prices of mining and agricultural products exported from the DRC. According to this press release, cobalt is expected to fall in the market to trade at 81,579.00 USD per ton this week against 82,067.00… Read More Here

Copper Cobalt Mining in DRC Zinc

Market: copper down slightly but its price remains very profitable at 10,331 USD per ton

April 11, 2022April 11, 2022 admin

The DRC’s mining export products continue to record an upturn in prices on the international market in this week from April 11 to 16, 2022, inform the projections of the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Although showing a slight drop of barely 1 US dollar, copper remains very profitable on the market. It is trading at 10,331.95 USD per ton this week against 10,332.95 USD per ton last week. Cobalt also experienced a drop this week and sold at 81,579.00 USD per ton against 82,067.00… Read More Here

Mining in DRC Cobalt Copper

World: the main mining products exported from the DRC are on the rise

April 8, 2022April 8, 2022 admin

The price of the main mining products exported from the Democratic Republic of Congo on the international market remains at a very significant remunerative level, indicates the Central Bank of Congo (BCC) in its weekly information note. According to the Central Bank of the Democratic Republic of Congo, this increase in the price of mining products is due to a high level of world demand, but above all to the impact of the Russian-Ukrainian conflict. Holding more than 50% of the world’s cobalt reserves, the price of which continues to… Read More Here

Cobalt Mining in DRC

World: up this week, the tonne of cobalt goes from 81,619.00 USD to 82,067.00 USD

April 5, 2022April 5, 2022 admin

The general trend in the prices of mining products exported from the Democratic Republic of Congo (DRC) on the international market is upward during the week from April 4 to 9, 2022. This is what the experts of the National Commission of Mercurial Prices of the Ministry of Foreign Trade have informed, who assess the evolution of the prices of mining and agricultural products exported from the DRC. In a very good dynamic for several months already, cobalt should record a price increase on the international market this week. This product… Read More Here

Cobalt Mining in DRC

World: slightly up, a tonne of cobalt is trading at 81,840 USD as of March 31, 2022

April 1, 2022April 1, 2022 admin

As of March 31, 2022, a tonne of cobalt recorded a slight price increase on the international market. According to the London Metal Exchange (LME), which is the global industrial center for metals trading, a tonne of cobalt is trading at 81,840.00 US dollars at the end of March 2022 against 81,690.00 USD last week.Thus, cobalt recorded a positive price gap of around USD 150 during this period. In the Democratic Republic of Congo (DRC), projections by experts from the National Commission on Mercurial Prices of the Ministry of Foreign… Read More Here

Copper Cobalt Mining Companies Mining in DRC

DRC: Gécamines has suspended its legal action against China Molybdenum

April 1, 2022April 1, 2022 admin

Congolese state mining company Gécamines has suspended its legal action against China Molybdenum, which was stripped of control of its giant Tenke Fungurume copper and cobalt mine in the country last month, as authorities seek a solution to a dispute between the companies. The Congolese government announced in August that it had formed a commission to re-evaluate the mine’s reserves and resources in order to “fairly claim (its) rights”. Several Gécamines officials have been named to the commission as the DRC claims it owes it billions of dollars. In February, a… Read More Here

Copper Cobalt Mining in DRC

China Molybdenum Hails Progress in African Mine Dispute

March 31, 2022March 31, 2022 admin

China Molybdenum said “significant progress” had been made on a dispute over the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo (DRC). The dispute between China Moly and the Central African nation’s state mining company Gecamines started in August last year when the government formed a commission to reassess reserves and resources at the mine to “fairly lay claims to their rights”. China Moly holds an 80% stake in the mine, while Gecamines holds the remainder. A spokesman for the Congo government, Patrick Muyaya Katembwe, said… Read More Here

Copper Cobalt Mining Companies Mining in DRC

China Moly wants third party to resolve Congo mine dispute

March 31, 2022March 31, 2022 admin

China Molybdenum Co. endorsed the involvement of an independent third-party to resolve its dispute with Democratic Republic of Congo over new royalty payments for its massive Tenke copper and cobalt mine, according to a statement posted on the company’s website Wednesday. Congo announced Tuesday that state-owned miner Gecamines would suspend its court case against China Moly’s Tenke Fungurume Mining SA while the two sides try to negotiate a deal. Last month, a Congolese court appointed a temporary administrator to run the mine after Gecamines accused China Moly of refusing to share technical information about… Read More Here

Cobalt Copper Mining in DRC

Congo halts court case against China Moly’s Tenke mine

March 30, 2022March 30, 2022 admin

Congo’s state miner Gecamines has halted its court case against China Molybdenum, which last month was stripped of control of its giant copper and cobalt Tenke Fungurume mine in the country, as officials seeks a solution to a dispute between the companies. The Congolese government announced in August it had formed a commission to reassess the reserves and resources at the mine to “fairly lay claim to (its) rights”. Several Gecamines officials were appointed to the commission as the DRC claims it is owed billions of dollars. In February, a local court named… Read More Here