Cobalt - Copperbelt Katanga Mining

DRC: gold, tin and cobalt up on the market this week (Mercuriales)

September 27, 2021 admin

Three of the Democratic Republic of the Congo’s main export mining products show an upward trend during the week from September 27 to October 2, 2021, according to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Cobalt will trade this week at 51,741 USD per tonne against 50,826 USD per tonne last week, a positive price differential of 913 USD. Likewise, tin is selling this week for around $ 34,925 per tonne against $ 34,113 last week, a price increase of $ 812. As… Read More Here

Mining in DRC Cobalt International

Cobalt investments seen shifting from DRC to ‘bright spot’ Australia

September 27, 2021September 27, 2021 admin

Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt mining in the DRC. “Australia represents a much lower risk environment if the EU seeks to reduce its dependency on the DRC for cobalt,” research firm Fitch Solutions said on Thursday. Australia’s mining regulations prioritise sustainable extractive processes, which Fitch said would prove appealing for countries with strong environmental standards. The EU, for instance, was… Read More Here

Mining in DRC Cobalt

DRC: 52,246 tonnes of cobalt exported at the end of August 2021 for a market value of 2.6 billion USD

September 23, 2021September 23, 2021 admin

The mining industry in the Democratic Republic of Congo produced and exported 52,246.00 tonnes of cobalt in the first 8 months of the year, according to data from the Ministry of Mines. With cobalt prices around USD 52,000 per tonne currently, if we consider an average of USD 50,000 per tonne, this export volume should generate a market selling value of USD 2 billion 612.300 million. Read More Here

Cobalt Copper Mining in DRC

The mining royalty liquidated at the end of August 2021 estimated at 1.093 billion USD for copper and cobalt – DRC

September 21, 2021September 21, 2021 admin

According to data from the Ministry of Mines, the mining royalty, recorded and liquidated, in the two provinces of Katanga, Lualaba and Haut-Katanga, with regard to copper and cobalt, is estimated at 647,208,290.68 USD for the first half of 2021 and 446,072,091.31 USD for the months of July and August 2021, for a total of 1 billion 93,283 USD. Among the mining companies the largest providers of this mining royalty, there is TFM with 517 million USD 724,640; KCC with 173 million USD 442,832; or METALKOL with 85 million 872,084 USD. These… Read More Here

Cobalt Copper Gold Mining in Zambia New Mining Projects

COPPER, COBALT, SILVER AND GOLD PROCESSING PLANTS COMING TO ZAMBIA

September 21, 2021September 21, 2021 admin

Now Import and Export Zambia Limited, a Private Limited Company with 90 percent South African and 10 percent Zambian Shareholding, plans to initially invest US$ 20 million for setting up Copper, Cobalt, Silver and Gold Processing Plants in Chongwe and Mkushi Districts of Zambia.The investment venture is expected to create 1210 jobs. Ninety percent of the jobs will be for Zambians. Now Import and Export Zambia Limited will conduct its mining activities in three phases. The first phase will focus on trading for one year to create a base with… Read More Here

Cobalt Copper Mining in DRC

DRC-Mines: LAMIKAL, the young Chinese-owned mining company, amounts to 685,000 USD

September 21, 2021September 21, 2021 admin

The LAMIKAL mining company (La Minière de Kalukundi SA) is located about 70 km east of the town of Kolwezi in Lualaba, DRC, and its site covers an area of 27.2 square kilometers. It achieves an annual average production of copper around 45,000 tonnes and 5,000 tonnes of cobalt, in the event of stability of the electric current. Its shareholding is made up of 75% from the Chinese side, 20% from Moroccans, and 5% from the Congolese state. LAMIKAL is counted among the benjamines of the cupro-cobalt production of Lualaba. It was from 2017… Read More Here

Mining in DRC Cobalt Copper Energy

Electric instability and invasions of illegal diggers are the major problems in production for “TFM” in DRC

September 20, 2021September 20, 2021 admin

Chinese-owned Tenke Fungurume Mining (TFM) is one of the largest copper producers in the DRC and the largest cobalt producer in the world. TFM achieves an average annual copper production of around 180,000 tonnes and its average annual cobalt production varies between 16,500 to 18,000 tonnes. But it faces a serious problem of energy deficit due to the poor quality and untimely cuts of the electric current supplied by the National Electricity Company (SNEL). TFM is also stuck with security issues . ACTUALITE.CD and DESKECO.COM have observed on the ground these difficulties… Read More Here

Copper Cobalt Mining in DRC

DRC: Chinese company Tenke Fungurume Mining “TFM” paid 3.5 billion USD in taxes since the start of its project in 2006

September 20, 2021September 20, 2021 admin

The mining company Tenke Fungurume Mining (TFM) has paid the Congolese public treasury $ 3.5 billion in taxes since the start of the project in 2006 for its exploitation of copper and cobalt. This is what documents in our possession reveal. One of the largest copper producers in the DRC and the largest cobalt producer in the world. TFM achieves an average annual copper production of around 180,000 tonnes and its average annual cobalt production varies between 16,500 to 18,000 tonnes. This world-class company contributed to the Congolese public treasury in the… Read More Here

Cobalt Copper Mining in Zambia New Mining Projects

Jubilee completes three transactions to expand Zambia tailings projects

September 15, 2021September 15, 2021 admin

Aim- and AltX-listed metals processing company Jubilee Metals Group has made significant further progress at its copper and cobalt tailings projects, in Zambia, with the successful execution of three strategic transactions. The transactions, worth a combined $24.77-million, include the Kitwe tailings project – which includes Project Elephant and the Ndola tailings project – Project Roan and the Mufulira project. With the completion of the transactions, Jubilee will hold a 100% interest across its integrated southern refining strategy, which includes the Sable copper and cobalt refinery with a 14 000 t/y copper… Read More Here

Kabanga Mineral Resources Estimates project

September 15, 2021September 15, 2021 admin

Kabanga is the largest development-ready nickel sulphide deposit in the world, unmatched in scale and grade, with at least 30 years life of mine and further exploration upside. An extensive amount of exploration and resource definition has been completed to date, setting the Kabanga nickel project on a well-defined path to production.” The Kabanga Nickel Sulphide Resource Based on approximately 600 km of drilling, Kabanga’s previous owners, Barrick Gold Corporation (Barrick) and Glencore, published a Resource Estimate (Measured, Indicated and Inferred) in 2014 of 58 million tonnes of ore at… Read More Here