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Category: Cobalt

COPPER, COBALT, SILVER AND GOLD PROCESSING PLANTS COMING TO ZAMBIA 1 Cobalt Copper Gold Mining in Zambia New Mining Projects 

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

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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
DRC-Mines: LAMIKAL, the young Chinese-owned mining company, amounts to 685,000 USD 2 Cobalt Copper Mining in DRC 

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

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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
Electric instability and invasions of illegal diggers are the major problems in production for "TFM" in DRC 3 Mining in DRC Cobalt Copper Energy 

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

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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
DRC: Chinese company Tenke Fungurume Mining "TFM" paid 3.5 billion USD in taxes since the start of its project in 2006 4 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

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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
Jubilee completes three transactions to expand Zambia tailings projects 5 Cobalt Copper Mining in Zambia New Mining Projects 

Jubilee completes three transactions to expand Zambia tailings projects

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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

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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
BMW orders up $24 billion of batteries as EV demand grows 6 Battery Metals Cobalt International Lithium 

BMW orders up $24 billion of batteries as EV demand grows

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BMW AG has boosted orders for battery cells to keep pace with accelerating demand for electric cars that made up more than 11% of deliveries during the half of the year.  The German carmaker now has contracts for more than 20 billion euros ($23.8 billion) of batteries, up from 12 billion euros previously, Chief Executive Officer Oliver Zipse said in an interview. The cells are destined for i4 sedans, iX sport utility vehicles and other models BMW is producing through 2024. The company plans to start switching to a new… Read More Here
Copper price expected to rise to 9,373.60 USD as of next week 7 Copper Cobalt International Zinc 

Copper price expected to rise to 9,373.60 USD as of next week

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The price of a tonne of Copper is expected to increase on the international market for the period from September 6 to 11, 2021, unlike the previous week. According to the report of the National Mercury Commission of the Ministry of Foreign Trade published on September 3, 2021, it is indicated that unlike last week, the tonne of Copper should be traded, from September 6 to 11, at 9 US $ 373.60 versus US $ 9,079.90 last week. According to this document, Copper will have for this period under analysis… Read More Here
Cobalt to trade at $ 51,186.00 per tonne this week 8 Cobalt International 

Cobalt to trade at $ 51,186.00 per tonne this week

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The price per tonne of Cobalt is expected to fall on the international market in the first week of September 2021. In its report of August 30, 2021, the National Mercurial Commission of the Ministry of Foreign Trade informs that the main export mining products of the Democratic Republic of Congo (DRC) show a downward trend from August 30 to September 4, 2021. Cobalt is expected to drop from $ 52,205.00 to $ 51,186.00 per tonne this first week of September 2021. As a result, there is a negative price… Read More Here
More than 850,000 tonnes of copper sold in first half of 2021- DRC 9 Cobalt Copper Mining in DRC 

More than 850,000 tonnes of copper sold in first half of 2021- DRC

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The Democratic Republic of Congo (DRC) sold 871,956 tonnes of copper and 44,654 tonnes of cobalt in the first half of 2021, according to statistics provided by the services of the Ministry of Mines. This biannual production places the country in a position to beat its own record of 1.6 million tonnes of copper produced in 2020, thus maintaining its position as a continental leader. According to the source, copper and cobalt production for the first half of 2021 represents an increase of 10 and 15% year-on-year, respectively. So the DRC… Read More Here

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