Cobalt - Copperbelt Katanga Mining

Copper at more than 10,500 USD per ton during this week from March 14 to 19, 2022

March 17, 2022March 20, 2022 admin

The prices of the main export minerals of the DRC mainly show an upturn on the international market in the week from March 14 to 19, 2022, according to projections by experts from the National Mercurial Commission, a service attached to the Ministry of Foreign Trade in Democratic Republic of Congo. In this perspective, copper, the main export material of the DRC, is trading this week at 10,529 USD per ton against 9,957.40 USD ton last week, generating a positive price difference of 576 USD. Cobalt is also up this… Read More Here

Mining in DRC Cobalt Mining Companies

DRC: African Energy Metals lands major interests following an agreement reached with WCM in a mining project in Manono

March 7, 2022March 7, 2022 admin

The mining junior African Energy Metals, a company based in Vancouver and listed on the TSXV in Canada, announced that it had reached an agreement with Whiskey Cobalt Mining (WCM) which sells to it, subject to positive due diligence and obtaining regulatory approvals, its interests in a mining concession located in Manono, province of Tanganyka in the DRC. According to inside sources, the transaction in question gives African Energy Metals the possibility of creating a 50-50 joint venture with the local company Liberty Mining and Investments Sarl. In return, it will… Read More Here

Mining in DRC Cobalt

DRC: PABEA-Cobalt identifies 14,850 children and 6,250 young people in mining areas in Haut-Katanga and Lualaba

March 7, 2022March 7, 2022 admin

About 14,850 children (girls and boys) and their parents as well as 6,250 young people are involved in the Cobalt supply chain in the provinces of Lualaba and Haut-Katanga. These figures are revealed by the Congolese Government through the Support Project for the Alternative Welfare of Children and Youth Involved in the Cobalt Supply Chain (PABEA-Cobalt). This, after an identification mission carried out on the ground in the two provinces. Funded by the African Development Bank Group (AfDB) aims to achieve zero children in artisanal cobalt mines and mining sites. According… Read More Here

Mining in DRC Cobalt

DRC: for Adolphe Muzito, the cobalt mine agreement with China was an “injustice”, the country got nothing

March 7, 2022March 7, 2022 admin

The former Prime Minister and Executive of the Lamuka Coalition, Adolphe Muzito, spoke about the contract signed between the Congolese government and Sicomines. For him, the Congolese feel aggrieved by the mega-mineral infrastructure deals involving cobalt – a key component of electric vehicle batteries through Sicomines’ $6 billion deal with Chinese companies, and the alleged under-reporting by China Moly of reserves at the giant Tenke mine. Indeed, while a good part of the world’s countries use the Democratic Republic of Congo to electrify their cars thanks to the supply of… Read More Here

Cobalt Mining in DRC

African Energy Metals to acquire Whiskey Cobalt Mining’s stake in Manono project

March 4, 2022March 4, 2022 admin

TSX-V-listed African Energy Metals has acquired Whiskey Cobalt Mining’s (WCM’s) interest in the Manono tin, tantalum and lithium project, in the prolific Manono area in the Tanganyika province of south-east Democratic Republic of Congo. The disposal by WCM of the project, comprising an exploitation permit covering about 30 km2, will involve WCM assigning African Energy Metals an exclusive option agreement with Liberty Mining and Investments to enter both parties into a 50:50 joint venture on the project. The Manono concession is about 90 km northeast of Manono in Kiambi, and… Read More Here

Mining in DRC Cobalt Copper Gold

Market: copper at 9,825 USD per tonne, cobalt at 74,970 USD per tonne

February 16, 2022February 16, 2022 admin

On the market for the main mining export products of the DRC, for the week from February 14 to 19, 2022, the price trend is mainly upward and stable, according to projections by experts from the National Mercurial Commission. of the Ministry of Foreign Trade. Copper is trading this week at 9.825 USD per ton against 9.764 USD per ton last week, a positive price difference of 614 USD. The other mineral that is up this week is tin. It is sold this week on the international market at 43,377 USD… Read More Here

Battery Metals Cobalt International

WORLD: the sale of electric cars doubles in 2021 to reach 6.6 million pieces sold against 3 million in 2020 (IEA)

February 14, 2022February 14, 2022 admin

Data from the International Energy Agency (IEA) released at the end of January 2022 indicated that automakers sold 6.6 million electric cars in 2021 compared to 3 million the previous year, double the sale of the latter. The uptrend is set to continue into 2022 and beyond as one auto industry giant after another announces multi-year plans to go all-electric. This table reflects the start of the electric vehicle boom announced several years ago. Also, a business opportunity in the Democratic Republic of Congo (DRC) because of its potential in mining… Read More Here

Mining in DRC Cobalt Copper New Mining Projects

Trafigura to mobilize USD 600 million to complete the construction of the Mutoshi Copper and Cobalt Mine

February 13, 2022February 13, 2022 arnbethnic

Shalina Resources and its Congolese subsidiary Chemaf have signed a new partnership agreement with Trafigura under which the latter will help it raise USD 600 million to finance its copper and cobalt activities in the DRC. The funds will mainly be used to complete the construction of the Mutoshi industrial mine which is scheduled to start production in the third quarter of 2023, according to a tweet from Trafigura. Under the terms of the agreement between Trafigura and Shalina, the commodity trader will raise the funds through a syndication process with… Read More Here

Mining in DRC Cobalt International

A ton of Cobalt is trading at 75,055.19 USD on the international market (BCC)

February 12, 2022February 12, 2022 arnbethnic

The world prices of the main raw materials exported by the Democratic Republic of Congo remain at remunerative levels driven by world demand, informs the Central Bank of Congo (BCC). Illustrating the upward trend of these products in its weekly information note on the country’s economic situation, the BCC indicated that on February 3, world prices for a tonne of cobalt stood at 75,055.17. U.S. dollars. For this period, the ton of copper sells for 9875.0 US dollars on this same market. This improvement in the world prices of raw… Read More Here

Cobalt International Mining in DRC

Cobalt outlook bullish through 2022 and beyond, ERG CEO says

February 1, 2022February 1, 2022 admin

The situation in the global cobalt market is such that prices could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG). Benedikt Sobotka said that the surging price of the metal, which rose by 119% in 2021, was giving a very clear message: the market is severely short of cobalt, a key ingredient in the batteries that power electric vehicles (EVs). There were no discernible signs of any fundamental easing, he said, and prices remained on an… Read More Here