Cobalt - Copperbelt Katanga Mining

DRC: Glencore plans to restart copper and cobalt production at Mutanda mine in 2022

May 19, 2021May 19, 2021 admin

Glencore plans to restart operations at Mutanda – the world’s largest cobalt mine that also produces large amounts of copper – in the Democratic Republic of the Congo next year, a source with direct knowledge of the matter told Reuters. Glencore, one of the world’s largest copper producers and the largest producer of cobalt, said in February that the process of resuming production at Mutanda was underway, but did not give a specific date. Copper is a vital material for the energy and construction industries and it is also very… Read More Here

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Democratic Republic of the Congo aims to assume control of artisanal mining sector

May 18, 2021May 18, 2021 admin

The Democratic Republic of Congo is undertaking a huge, and potentially significant, experiment, Reuters reported recently. The effort aims to clean up the DRC’s appalling reputational image as a supplier tainted with all manner of human rights abuses and lack of supply chain transparency. Reuters reports the state, in the guise of a new enterprise called the Enterprise Generale du Cobalt (EGC), aims to assume total control of the artisanal cobalt mining sector. That includes monopoly rights to buy all production. Congo and the artisanal cobalt mining sector The government is… Read More Here

Copper Cobalt Mining in DRC

Ramp-up puts Glencore’s KCC on track

May 17, 2021May 17, 2021 admin

Glencore says its Kamoto Copper Company in the Democratic Republic of Congo is on track to achieve annualised nameplate production capacity after a successful ramp-up in 2020. CEO Ivan Glasenberg also said the company was committed to both KCC and its currently mothballed Mutanda copper-cobalt mine in the country. He said Glencore was honoured last week by a visit to KCC from dignitaries, including DRC president Felix Tshisekedi, in recognition of Glencore’s ongoing commitment to and investment in the country. “KCC represents a key part of Glencore’s almost US$8 billion… Read More Here

Mining in DRC Cobalt Copper New Mining Projects

DRC: Félix Tshisekedi and Sama Lukonde attended the inauguration of the new KCC research plant in Kolwezi

May 15, 2021May 15, 2021 admin

Over 300,000 tonnes of copper and over 40,000 tonnes of cobalt per year. KCC employs over 10,000 people to date. Kamoto Copper Compagny is a mining company with superlatives. Larger in all areas, Kamoto Copper Company was honored to receive, on May 13, 2021, an extremely rare event, both the visit of the President of the Republic and the Prime Minister. This mining giant, the largest producer of cobalt in the world, weighs nearly 6 billion US dollars in investment. It is also the largest producer of copper in Africa and the… Read More Here

Battery Metals Cobalt International Mining in DRC

Glencore boss warns of future China dominance in electric vehicles

May 15, 2021May 15, 2021 admin

US and Europe risk being left behind unless they secure cobalt supplies for batteries, says Ivan Glasenberg. The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world’s biggest producer of the key battery metal. Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets. Glasenberg said Chinese… Read More Here

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DRC: the CNPAV estimates past losses of GECAMINES in its shares and royalties within Mutanda Mining from 2011 to 2020

May 13, 2021May 14, 2021 admin

Congo is not for sale (CNPAV) estimated the DRC’s past losses in its shares and royalties, in one of the country’s largest mining companies, “Mutanda Mining”, at more than one billion euros. US dollars (1,035,000,000 USD), from March 2011 to December 2020. This is revealed by the report of this civil society platform entitled: “Billions lost: financial investigation into Dan Gertler’s transactions in the sector extractif ”, published Wednesday, May 13 in Kinshasa. Mutanda has been in the top 3 of the largest mining companies in the DRC for most… Read More Here

Battery Metals Cobalt International

Glencore boss warns of future China dominance in electric vehicles

May 13, 2021May 13, 2021 admin

The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world’s biggest producer of the key battery metal. Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets. Glasenberg said Chinese companies had been quick to realise the vulnerability of their supply chains and “tied up” lots of… Read More Here

Copper Cobalt Mining in DRC

Gertler mining deals could cost Congo $1.76bn in royalties – activists

May 13, 2021May 13, 2021 admin

Congo could lose out on $1.76-billion in potential royalty payments from its copper and cobalt mining deals with Israeli mining magnate Dan Gertler, an anti-corruption group said on Wednesday, calling on the government to open an investigation. The US Treasury sanctioned Gertler and more than 30 of his businesses in December 2017 and June 2018, accusing him of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals. Gertler has denied any wrong doing. Using data including recently published contracts on the mining ministry website, the campaign group Congo is… Read More Here

Cobalt Copper Lithium Nickel Tin

Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition

May 10, 2021May 10, 2021 admin

A new report from Fitch Solutions predicts that certain “conventional” raw materials will receive an additional boost over the next 20 years, as they take center stage in green and digital transitions. These products include copper, nickel, tin, aluminum and rare earths which, along with lithium and cobalt, are expected to experience a boom in demand over decades in the midst of the battery revolution. . “While the ‘traditional’ base metal mining and refining sectors such as copper, nickel, tin and aluminum are well established, we note that the lithium… Read More Here

Battery Metals Cobalt Copper Energy International Lithium Mining in DRC Nickel

Metals price rally could hamper switch to green energy — IEA

May 6, 2021May 6, 2021 admin

Soaring metals prices may be good for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report warns. According to The International Energy Agency (IEA), reaching the goals of the Paris climate agreement would result in a quadrupling mineral demand by 2040. Yet a lack of investment in new mines could substantially raise the costs of clean energy technologies, the IEA said on Wednesday. “The… Read More Here