Category: Cobalt

Eurasian Resources announced that it has submitted an Action Pledge to strengthen its commitment to eliminate child labour in the cobalt mining sector in the Democratic Republic of Congo (DRC), where Unicef has estimated that close to 40,000 children are engaged in mining activities. The Action Pledge is administered by the International Labour Organisation and the Alliance 8.7. The mechanism aims to accelerate efforts to eradicate child labour worldwide in support of the UN’s designation of 2021 as the International Year for the Elimination of Child Labour.  In terms of… Read More Here

The Democratic Republic of Congo’s (DRC’s) newly established mining company – Entreprise Générale du Cobalt (EGC) – will ensure the country’s artisanal and small-scale mining (ASM) sector benefits from the energy transition through the establishment of legal and ethical channels for off-taking of the cobalt produced in the country, commodity trading company Trafigura corporate responsibility head James Nicholson said on April 26. Speaking during a webinar hosted by the Organisation for Economic Cooperation and Development on the topic of responsible mineral supply chains, he explained that ASM cobalt mining in the DRC was undergoing “fundamental reform”.… Read More Here

Cobalt and tungsten producer China Molybdenum and its Swiss-based trading arm, IXM, have joined a program that seeks to help artisanal and small-scale miners (ASM) become a responsibly-managed, viable source of battery metals. The “Better Mining” initiative, launched in 2018 by responsible-sourcing group RCS Global, has placed special emphasis on the Democratic Republic of Congo (DRC), which generates about two-thirds of the world’s supply of cobalt. The metal, a by-product of copper or nickel, is used to make lithium-ion batteries that power smartphones and electric cars. China Moly (CMOC), the world’s no.2… Read More Here

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

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

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