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Category: Cobalt

Eurasian Resources DRC copper, cobalt facility to undergo Responsible Minerals Assurance Process 1 Cobalt Copper Mining in DRC 

Eurasian Resources DRC copper, cobalt facility to undergo Responsible Minerals Assurance Process

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Eurasian Resources Group announced that Metalkol RTR, its hydro-metallurgical copper and cobalt facility in the Democratic Republic of Congo, has committed to undergoing the Responsible Minerals Assurance Process, a flagship program of the Responsible Minerals Initiative.  Known as RMAP, the Process was developed to meet the requirements of the OECD Due Diligence Guidance, the Regulation (EU) 2017/821 of the European Parliament and the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act.  THE RMAP USES AN INDEPENDENT THIRD-PARTY, RISK-BASED ASSESSMENT OF SMELTER/REFINER MANAGEMENT SYSTEMS AND SOURCING PRACTICES It uses an independent… Read More Here
Power Metals Resources confirms the high copper and cobalt potential of the Kisinka project in DRC 2 Cobalt Copper Mining in DRC 

Power Metals Resources confirms the high copper and cobalt potential of the Kisinka project in DRC

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Power Metals Resources is now confident that its Kisinka project contains high levels of copper and cobalt. This strong potential has been confirmed by sample analyzes, encouraging the company to continue work to identify drilling targets, indicates a dispatch from the Ecofin Agency. Mining company Power Metals Resources has confirmed the strong copper and cobalt potential of its Congolese Kisinka project, thanks to new sample analysis results. The samples in question were taken during an exploration campaign conducted at the start of the year and submitted to the South African laboratory ALS… Read More Here
The changing attitude towards artisanal cobalt miners 3 Cobalt Mining in DRC 

The changing attitude towards artisanal cobalt miners

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The attitude towards cobalt mined by artisanal and small-scale miners (ASM) has come a long way in just a few short years. Once under the spotlight by end users as a questionable, high-risk source , but more recently under the spotlight as an increasingly safe, stable and traceable source. As end-users continue to question and improve their understanding of the cobalt supply chain due to traceability concerns, strides continue to be made in improving and formalising ASM cobalt supply from the Democratic Republic of Congo (DRC), the world’s largest producer… Read More Here
65,159 tonnes of cobalt produced in DRC by the mining industry at the end of October 2020, up slightly compared to 2019 4 Cobalt Mining in DRC 

65,159 tonnes of cobalt produced in DRC by the mining industry at the end of October 2020, up slightly compared to 2019

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The mining industry in the Democratic Republic of the Congo has already produced 65,159 tonnes of cobalt in the first 10 months of the year compared to 65,058 tonnes in the same period in 2019, a slight increase of, according to data from the Central Bank of Congo. For the whole of 2019, the Democratic Republic of the Congo produced 77,964 tonnes of cobalt against 109,402 tonnes in 2018, the record for the past two decades, and 82,461 tonnes in 2017. Read More Here
EGC, Trafigura partner to formalise ASM mining in the DRC 5 Cobalt Mining in DRC 

EGC, Trafigura partner to formalise ASM mining in the DRC

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Congolese mining company Entreprise Générale du Cobalt, or EGC, signed an offtake agreement with commodity trading group Trafigura in a bid to fomalise artisanal and small-scale cobalt mining in the Democratic Republic of Congo (DRC). The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.  Under the supply terms, EGC will ensure that the ore marketed by… Read More Here
The DRC government exported nearly 790,000 tonnes of copper metal in the first half of the year 6 Copper Cobalt Mining in DRC 

The DRC government exported nearly 790,000 tonnes of copper metal in the first half of the year

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DRC Ministry of Mines made public data on the export of mining products during the first half of 2020. These include copper, cobalt and diamonds.  The Democratic Republic of the Congo sold 789,793 tonnes of metal copper and 38,816 tonnes of cobalt.The local mining industry exported 761,230 tons of metal copper and 37,990 tons of cobalt, according to the data provided by the Ministry of Mines. Of this volume, the public company, Générale des Carrières et Mines (Gécamines) exported only 5,536.69 tonnes of copper.  7 private companies share the rest… Read More Here
Red Rock Launches Geophysics Program in DRC 7 Cobalt Copper Mining in DRC 

Red Rock Launches Geophysics Program in DRC

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London-listed Red Rock Resources has mobilized a team for its 80% Luanshimba license in the Democratic Republic of the Congo (DRC) to launch a geophysics program.  The program serves as a follow-up to major copper and cobalt anomalies identified in a previous termite mound sampling program in late 2018. The geophysics program is overseen by Minerals Exploration Associates and consists of a soil magnetics survey and an induced polarization survey. The company will send raw data to Ronacher McKenzie Geoscience for interpretation. The program will help identify conductive targets at… Read More Here
Volkswagen joins cobalt group in supporting artisanal DRC miners 8 Mining in DRC Cobalt 

Volkswagen joins cobalt group in supporting artisanal DRC miners

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Volkswagen has joined the “Cobalt for Development” initiative to support improving artisanal cobalt mining conditions in the Democratic Republic of Congo. The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo According to the carmaker, the first trainings for mine operators and miners have begun. CURRENTLY, VOLKSWAGEN DOES NOT ACCEPT COBALT FROM ARTISANAL MINES The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and… Read More Here
EV Metal Index rockets to record high on cobalt, nickel price, use 9 Battery Metals Cobalt International Nickel 

EV Metal Index rockets to record high on cobalt, nickel price, use

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EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world surged to an all-time high in September, rebounding from two-year lows struck at the height of the pandemic in April. There was a massive sequential jump in battery raw material deployed in September, according to data from Adamas Intelligence, which tracks demand for EV batteries by chemistry, cell supplier and capacity in over 90 countries.    According to the Toronto-based researcher, during the month lithium used in newly-sold EVs nearly doubled from September 2019,… Read More Here
DRC: Dan Gertler announces Partnership to benefit the Congolese from the wealth of copper and cobalt 10 Cobalt Copper Mining in DRC 

DRC: Dan Gertler announces Partnership to benefit the Congolese from the wealth of copper and cobalt

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The Israeli economic operator Dan Gertler announced, during a press briefing held this Monday, November 16 in Kinshasa, a specific initiative that offers all citizens the right to share the royalties from the cobalt and copper mining company Metalkol.  In his message Dan Gertler says he wants to make the Congolese people benefit from the wealth of copper and cobalt from mines in the DRC through the partnership he intends to launch before the end of 2020.  “I am happy to announce to you today, Congolese brothers and sisters, that… Read More Here

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