Cobalt - Copperbelt Katanga Mining

UK fraud unit finds alleged bribe network behind cobalt hub

July 16, 2021July 16, 2021 admin

U.K. prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo. Companies repeatedly bribed officials to further their business interests in the mineral-rich nation, according to the Swiss court judgment that cited information from U.K. prosecutors. Congo is Africa’s biggest producer of copper and supplies about 70% of the world’s cobalt, a critical input for the batteries that power electric vehicles. The $379 million that was… Read More Here

Mining in DRC Cobalt

Congo’s cobalt monopoly to set price floor for artisanal miners

July 16, 2021July 16, 2021 admin

The Democratic Republic of Congo’s state cobalt buyer will put in place a price floor of $30,000 a tonne for the cobalt it buys from artisanal miners, Entreprise Generale du Cobalt (EGC) director-general Jean-Dominique Takis told Reuters. Cobalt, which is trading at around $50,000 a tonne, is used in the batteries that power electric vehicles, sales of which are expected to soar over coming years as the world strives to cut carbon emissions. The world’s top cobalt producer, the Congo set up EGC to buy all artisanal cobalt produced in… Read More Here

Cobalt Mining in DRC

Congo likely to start artisanal cobalt buying within eight weeks

July 12, 2021July 12, 2021 admin

The Democratic Republic of Congo is expected to start buying cobalt from artisanal miners within eight weeks as it aims to become the only legal buyer from miners in the informal sector. The government is looking to capitalise on soaring demand for rechargeable lithium-ion batteries for electric vehicles and to curb illegal exports which strip the state of needed tax revenue. It is also aiming to end unsafe working practices and child labour. Artisanal miners extract cobalt by hand in precarious conditions, often working on illegal or only semi-regulated sites.… Read More Here

Cobalt Copper International

DRC: copper and cobalt keep their prices up this week (Mercuriales Min. Commerce Ext.)

July 12, 2021July 12, 2021 admin

Almost all of the Democratic Republic of the Congo’s export commodities are showing rising prices this week on the international market, according to forecasts by the National Mercuriales Commission of the Ministry of Foreign Trade for the period from 12 to 17. July 2021. Copper is trading this week on the international market at $ 9,431.90 per tonne against $ 9,353.40 last week, a positive price differential of $ 78.5, according to Mercuriales forecasts from the Congolese Ministry of Foreign Trade. The same is the case for cobalt which will… Read More Here

Battery Metals Cobalt Drilling

Ivanhoe Mines executive says DRC cobalt bubble will burst

July 7, 2021July 7, 2021 admin

Democratic Republic of Congo’s Chamber of Mines President Louis Watum predicts the cobalt bubble will burst with the rise of new battery technology The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Democratic Republic of Congo is home to more than half the world’s cobalt resources Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the central African… Read More Here

Cobalt Copper Equipment & Technology Mining in DRC

TAKRAF South Africa supplies two apron feeders to DRC copper-cobalt mine

July 7, 2021July 9, 2021 admin

Highlighting the ongoing demand for TAKRAF apron feeders, key equipment supplier TAKRAF South Africa, part of the global TAKRAF Group, has supplied two machines for a leading copper/cobalt mining operation in the Democratic Republic of Congo (DRC). The order was carried out during challenging COVID-19 pandemic conditions, with installation and commissioning assistance provided remotely due to travel restrictions. The TAKRAF apron feeders, which are being installed in two new crushing stations at the mine, are 1,830 mm wide by 11.2 m long (18° incline) and feed copper/cobalt ore at 1,200… Read More Here

Cobalt Copper International Mining in DRC Zinc

DRC: prices of copper, cobalt and zinc, up this week.

July 5, 2021July 5, 2021 admin

The main export minerals from the Democratic Republic of the Congo are on the rise this week, from July 5 to July 10, on the international market, according to forecasts by the National Commission of Mercurials, a service attached to the Ministry of Foreign Trade. Copper is trading this week at $ 9,353.40 per tonne versus $ 9,237.20 in the June 26-July 3, 2021 period, a price hike of $ 116.2, according to the National Commission forecast. mercurials. Likewise, cobalt is trending upward this week and is selling at $… Read More Here

Mining in Zambia Cobalt Copper New Mining Projects

Argonaut announces plans for a Zambian venture

July 2, 2021July 4, 2021 admin

Junior Argonaut Resources announced that it has placed 693.3-million shares, at a price of 0.75c a share, under its existing placement capacity to fund a drilling work in Zambia. The firm has completed a A$5.2-million private placement to professional and sophisticated investors to fund the Zambian venture. “The funds raised will allow Argonaut to resume drilling at the Nyungu copper/cobalt deposit in north-western Zambia. The Nyungu deposit is over 1 700 m in strike length and urgently requires infill drilling for resource estimation purposes as well as exploration drilling for… Read More Here

Copper Cobalt International Lithium Mining in DRC Nickel

Demand for copper, lithium and nickel batteries increases by more than 400%, study finds

July 1, 2021July 1, 2021 admin

These analysts’ forecasts indicate good prospects for the mining companies in the DRC which produce all these minerals. BloombergNEF (BNEF), a provider of strategic research, has increased its forecast for annual lithium-ion battery demand by more than a third from its previous forecast due to expectations of rapid growth in the passenger vehicle segment, mining.com reports. According to the BNEF, annual demand for lithium-ion batteries will exceed 2.7 terawatt-hours per year by 2030, a 35% increase over the analysis company’s forecast made last year. Passenger vehicles will account for 72% of… Read More Here

Cobalt Copper Mining in DRC

Red Rock starts drilling at DRC copper/cobalt project

June 30, 2021June 30, 2021 admin

London-listed explorer Red Rock Resources has started a 2 000 m reverse circulation drill programme to delineate a resource on the Luanshimba copper/cobalt project, in the Haut-Katanga province of the Democratic Republic of Congo (DRC). Samples from 20 or more holes of drilling will be sent for assaying in South Africa. The drill programme is being carried out by Rubaco, with geological support from Minerals Exploration Associates. Red Rock chairperson Andrew Bell says the company is optimistic about the potential of this site and, given the exploration results to date, it has designed the initial drill programme to test for a shallow-depth mineralised zone. Some… Read More Here