Cobalt - Copperbelt Katanga Mining

Objective to convince major global consumers of Congolese cobalt

April 19, 2021April 19, 2021 admin

The missions of the Minister of Mines, Professor Willy KITOBO SAMSONI in the world and in the provinces with the objective of convincing the large world consumers of Congolese Cobalt to work with the Government of his country to make the artisanal production of responsible Cobalt ended up paying off and give credibility to the efforts of the DRC in improving the working conditions of artisanal mining activities. Indeed, it is since the last Davos conference in Switzerland where he was received by the members of GBA, his mission in… Read More Here

CATL takes stake in China Moly cobalt mine for $137.5 million

April 12, 2021April 12, 2021 admin

Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) said on Sunday its subsidiary would take a stake in China Molybdenum Co’s Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) for $137.5 million. The investment gives CATL access to one of the world’s largest undeveloped sources of cobalt, an ingredient in electric vehicle (EV) batteries. Cobalt prices are up more than 50% this year on surging EV demand and concerns of a supply squeeze. Under a strategic partnership agreement, Ningbo Brunp CATL New Energy Co will take 25%… Read More Here

Cobalt Mining in DRC

Artisanal miners could help Congo’s EGC become world’s 4th largest cobalt producer

April 12, 2021April 12, 2021 admin

Congo’s Entreprise Générale du Cobalt (EGC) could become the world’s fourth-largest cobalt producer in 2021, a new Roskill report states. According to the market analyst, if the state-owned company is able to capture all of the 8,000 tonnes of cobalt expected to be produced by artisanal and small-scale miners in the African country, then it may become a major player, only behind Glencore, ERG and China Molybdenum. THE DEMOCRATIC REPUBLIC OF CONGO HOLDS AROUND 70% OF THE WORLD’S RESERVES OF COBALT AND IS ALSO THE LARGEST PRODUCER, ACCOUNTING FOR OVER 70% OF COBALT MINE SUPPLY… Read More Here

Cobalt Mining in DRC

A positive step towards empowering ASMs

April 7, 2021April 7, 2021 admin

Did you know that the Democratic Republic of Congo’s (DRC) cobalt accounts for more than 63% of global production? Of this, artisanal and small-scale mining (ASM) activity is responsible for approximately 20% of this production. Yet, despite their significant contribution, little has been done to help formalise the ASM cobalt sector in the country. That is until now. EGC will now be responsible for purchasing all domestically produced ASM cobalt ore, prior to processing and/or transformation and marketing. As part of the initiative, EGC also launched its Responsible Sourcing Standards to define… Read More Here

Mining in DRC Battery Metals Cobalt International

Saudi Arabia of cobalt: Congo eyes battery-metal price power

April 6, 2021April 6, 2021 admin

Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions. Jean-Dominique Takis Kumbo, the head of the new state cobalt buyer, is determined to change that. His Entreprise Generale du Cobalt will have a monopoly on all hand-dug cobalt in the central African country, giving it power to improve working conditions and potential control of nearly… Read More Here

Copper Cobalt Mining in DRC Zinc

DRC Government notes a drop in the price of mining products on weekdays on the international market

April 1, 2021April 1, 2021 admin

The prices of most mining products were revised downward during the last week of March 2021. This is indicated by the Economic Conjuncture Committee (CCE) at the end of the meeting held on Wednesday 31st March 2021. According to the CCE, the prices of products such as Copper, Cobalt, Zinc and Manganese have been revised downwards. Since the end of 2020, commodity prices had particularly remained on the rise until the last week of March 2021. “ The Government has noted a drop in the prices of all export mining products,… Read More Here

Mining in DRC Cobalt New Mining Projects

DRC launches state-owned cobalt miner

March 31, 2021March 31, 2021 admin

The Democratic Republic of Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country’s hand-mined cobalt. EGC, created a year ago to help control artisanal supplies and boost government revenue through price controls, will sell cobalt hydroxide under a five-year contract with trading house Trafigura. The non-exclusive supply deal will also see Trafigura finance the creation of strictly controlled artisanal mining zones, buying centres and logistics to trace supply. DRC holds around 70% of the world’s reserves of cobalt, crucial… Read More Here

Cobalt Copper Mining in DRC

FLSmidth high density thickeners optimise recoveries at DRC copper-cobalt mine

March 30, 2021March 30, 2021 admin

FLSmidth says it has delivered a thickener solution to help double production rates at one of the world’s largest copper and cobalt producers in the Democratic Republic of the Congo (DRC). The order for the solution, which included six of FLSmidth’s high density thickeners, was placed in 2020, with delivery now completed. The mine already had FLSmidth thickeners on site, with the company’s proposal for the mine’s expanded requirements based on test work to confirm the characteristics of the material to be treated, according to FLSmidth General Manager Projects and… Read More Here

Cobalt International Mining in DRC

Volkswagen leads Tesla in consumption of cobalt in EV industry

March 23, 2021March 23, 2021 admin

New data on the use of cobalt, a key ingredient in the most common types of lithium-ion batteries used for electric vehicles (EVs), reveals some interesting facts about leaders in the EV manufacturing industry, in particular in regard to Tesla and Volkswagen. In particular, the data reveals the effect that Tesla’s use of lithium iron phosphate batteries is having on its consumption of cobalt. The surge in electric vehicle sales worldwide is accompanied by an increase in demand for the materials used to make lithium-ion batteries that power them. Cobalt… Read More Here

Lithium Cobalt Nickel

Nickel demand for EVs to outpace lithium and cobalt – report

March 17, 2021March 17, 2021 admin

As battery metals continue to rise to the forefront of attention, much has centered around lithium and cobalt. Governments have enacted policies to encourage investment into the critical raw materials they deem essential to the green energy transition. At the same time, supply chain concerns surrounding nickel have begun to garner increasing focus. As a key component of battery cathode chemistry in many existing and upcoming electric vehicles (EVs), nickel will remain an important metal to watch in the coming decade, market analyst Fitch Solutions maintains in its latest industry report. Fitch has updated its estimate of… Read More Here