Cobalt - Copperbelt Katanga Mining

Ivanhoe’s Friedland expects foreign migration to Congo’s “higher grade” copper mines 1

THE Democratic Republic of Congo (DRC) is “the Saudi Arabia of copper, cobalt and hydroelectric generation potential”, according to Robert Friedland, the executive co-chairman of Ivanhoe Mines which started production from its Kamoa-Kakula copper mine in the DRC in May this year. Taking part in a panel discussion at the FT Mining Summit, Friedland said that it was “blatantly obvious” more foreign mining companies were going to invest in the DRC because it was “the logical place to mine”. Turning to the latest regulatory developments in the country, Friedland commented: “We… Read More Here

Copper Cobalt Drilling Mining in DRC

Red Rock completes RC drill programme at Luanshimba

October 12, 2021October 12, 2021 admin

Natural resource development company Red Rock Resources has completed a reverse circulation (RC) drill programme at the Luanshimba copper/cobalt project in the Haut-Katanga province of the Democratic Republic of Congo. The Luanshimba project is operated by Red Rock Galaxy, an 80%-owned Congolese subsidiary of Red Rock. Three prospects were drilled, at Kilembwe South, Kilembwe East and Bukulu. There were 2 763 samples, including quality assurance or quality control samples prepared at ALS Global’s preparation laboratory before sending in batches to the ALS laboratory in South Africa for analysis. The majority of assay results have been received, but those from… Read More Here

Cobalt Mining in DRC

Britishvolt pushes to secure responsibly sourced cobalt

October 8, 2021October 8, 2021 admin

Developing UK battery producer Britishvolt has signed up to the Fair Cobalt Alliance (FCA), indicating its commitment to using responsible cobalt sourced in the Democratic Republic of the Congo (DRC) as it builds up its operations. Britishvolt previously signed a strategic partnership with Glencore, one of the world’s largest cobalt producers, which mines most of its cobalt in the DRC. Glencore is also a key member of the FCA, along with other large companies in the EV supply chain including Tesla, China Molybdenum Corporation, China’s CATL and Volvo. “By joining… Read More Here

Cobalt Gold Tin Zinc

DRC: cobalt, zinc and tin on the rise this week on the international market (Mercuriales)

October 8, 2021October 8, 2021 admin

Three main export products from the Democratic Republic of Cogo show an upward trend while the others are either falling or stable on the international market in the week from October 4 to 9, 2021, according to forecasts by the National Mercurial Commission of Ministry of Foreign Trade. Cobalt is trading this week at around $ 52,480.00 per tonne versus $ 51,741.00 per tonne last week, a positive price spread of $ 39. Zinc is also up to $ 3,066.00 per tonne this week from $ 3,048.00 per tonne last… Read More Here

Mining in DRC Cobalt Copper

Congo looks to lure more investment to tap green metals deposits

October 8, 2021October 8, 2021 admin

The Democratic Republic of Congo is working on ways to entice more investment into its mines as the green revolution boosts demand for metals used in sectors like rechargeable batteries. The world’s largest producer of cobalt and Africa’s top copper miner is looking to tap more of its deposits, develop downstream operations and formalize artisanal mines to eliminate abusive labor practices, Prime Minister Jean-Michel Sama Lukonde said Thursday during the Financial Times Mining Summit. While some of the biggest miners are moving into or expanding in commodities tied to more… Read More Here

Cobalt Copper Mining in DRC

From minerals to beer, Congo finance minister hunts for cash

October 6, 2021October 6, 2021 admin

The Democratic Republic of Congo is intent on revisiting mining contracts, rescinding and reselling unused oil permits and boosting taxes on beer to fund its development plans, according to Nicolas Kazadi, the country’s finance minister. A country the size of Western Europe with 80 million inhabitants, Congo had a budget of just $4 billion last year and poverty is rampant, despite its vast riches of copper, cobalt and other natural resources. The government needs more money to meet President Felix Tshisekedi’s pledges to provide free education and expand access… Read More Here

Copper Cobalt Energy Mining in DRC

China’s CMOC eyes solar and hydro for Congo copper/cobalt expansion

October 5, 2021October 5, 2021 admin

China Molybdenum Co (CMOC) is looking to tap more hydropower projects and potentially use solar energy as it expands its production of copper and cobalt in Democratic Republic of Congo, its vice-chairperson said. Steele Li, who is also chief investment officer at CMOC , said the company was committed to hydropower through the supply arrangement it inherited when it bought a majority stake in the giant Tenke Fungurume mine in Congo in 2016. “We continue that commitment but in the meantime we are exploring to participate in other new hydropower… Read More Here

Cobalt International Mining in DRC

World’s cobalt supply deficit is shrinking, says S&P

September 30, 2021September 30, 2021 admin

A market deficit for cobalt is shrinking as the world’s top producers of the prized metal expand production to meet the demand for batteries used in electric vehicles (EVs), according to a new report by S&P Global Intelligence. With a spoke in EV sales this year, demand for cobalt drove major producers to plan to increase output at mine sites in the Democratic Republic of Congo (DRC) and balance the market, says S&P. Some EV-makers have begun seek alternatives to the battery metal, which provides stability to the battery cathode, but is costly and linked to allegations of human rights abuses of artisanal miners in the DRC. Market Intelligence says the metal… Read More Here

Cobalt Gold Mining in DRC Tin

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