Cobalt - Copperbelt Katanga Mining

Billionaire Gertler Buys Royalty Rights in Congo Cobalt Project

November 17, 2020November 17, 2020 admin

A company controlled by Israeli billionaire Dan Gertler, who is under U.S. sanctions for alleged corruption, bought rights from the Democratic Republic of Congo’s state mining company to royalties from one of the world’s largest cobalt projects. While the contract was published by the mining company Gecamines in October, it was signed in June 2017 — six months before the U.S. government blacklisted the businessman for “opaque and corrupt mining and oil deals” in Congo. Gertler has never been charged with a crime and denies any wrongdoing, and he’s hired… Read More Here

Cobalt Mining in DRC

58,220 tonnes of cobalt produced in DRC by the end of September 2020

November 5, 2020November 5, 2020 Johannsen

The mining industry in the Democratic Republic of the Congo produced 58,220 tonnes of cobalt in the first 9 months of this year 2020 compared to 58,052 tonnes in the same period in 2019, a slight increase of 0.28%, according to the figures of the Central Bank of Congo. Despite the coronavirus pandemic that hit the country on March 10, the DRC produces almost as much as last year. Overall, the DRC produced 77,964 cobalt in 2019 against 109,402 tonnes in 2018, the record for the past two decades. Read More Here

Cobalt Mining in DRC New Mining Projects

A Chinese firm ” Nanjing Hanrui Cobalt ” to start cobalt production in Kolwezi by December 2020 | DRC

November 4, 2020November 4, 2020 Johannsen

The Chinese company Nanjing Hanrui Cobalt plans to start its cobalt production line in the Democratic Republic of the Congo between the end of November and December 2020, its general manager Liang Jie said on Wednesday, reports Mining News Pro. With a production capacity of 5,000 tons / year in Kolwezi, ” Nanjing Hanrui Cobalt ” which was due to be commissioned earlier in the year, has been delayed by the COVID-19 pandemic, according to Liang on the sidelines of the China international nickel and cobalt conference in Nanjing. The company was… Read More Here

Mining in DRC Cobalt Diamond

MP Éric Ngalula’s appeal for MIBA to take over its shares in the transformation of SACIM SARL into SA | DRC

November 1, 2020November 1, 2020 arnbethnic

National deputy Éric Ngalula seeks the involvement of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo, so that MIBA takes over its shares in the transformation of SACIM SARL into SA. He believes that doing so will translate fairness and justice for this mining company. He also criticizes the attitude of the authorities at the time, who were unable to protect the interests of the Bakuanga Mining (MIBA). “In 2010, at the time of the transformation of Sengamines into SACIM, those who were supposed to protect the interests of MIBA at… Read More Here

Cobalt

China Moly boosts Q3 cobalt output by 21%

October 29, 2020October 29, 2020 admin

China Molybdenum Co lifted its July-September cobalt output by 21.2% from the previous quarter, data released on Wednesday showed, putting the company back on course to hit its full-year production target for the battery metal. China Moly, which operates the Tenke Fungurume mine in the Democratic Republic of Congo (DRC), one of the world’s biggest copper-cobalt deposits, said it produced 10,507 tonnes of cobalt metal in the first nine months of 2020, which was down 16.7% year-on-year, although sales were up 15% at 12,794 tonnes. The nine-month production number implies… Read More Here

Mining in DRC Cobalt Covid-19

DRC: COVID-19 and cobalt crash

October 9, 2020October 9, 2020 admin

The global health crisis is slowing the development of processing plants after plummeting cobalt prices led to the closing of some operations in 2019. The COVID-19 crisis has exacerbated problems that were already brewing in the mining sector in the DRC, a major producer of the cobalt used in electric-car batteries and the copper used in materials for the construction and power sectors. After hitting highs of $100,000/tn in 2018, cobalt prices crashed to around $30,000/tn in 2019 due to a combination of increased production and a slowdown in purchases… Read More Here

Mining in DRC Cobalt Copper

Gécamines produced 15,288 tonnes of copper and 100 tonnes of cobalt by the end of August 2020- DRC

September 23, 2020September 24, 2020 admin

La Générale des Carrières et des Mines (Gécamines) had in the first 8 months of 2020 produced 15,288 tonnes of copper and 100 tonnes of cobalt against 12,858 tonnes of copper and 101 tonnes of cobalt in the same period in 2019, according to the Central Bank of Congo. The mining industry of the Democratic Republic of the Congo produced 1,041,445 tonnes of copper at the end of August 2020 against 919,937 tonnes at the same period in 2019, i.e. production up 13.2%, says the Central Bank. of the Congo… Read More Here

Cobalt Battery Metals Mining in DRC

5G technology to boost demand for cobalt, expected to reach 73,000 tonnes by 2025

September 23, 2020September 23, 2020 arnbethnic

According to analysts, 5G technology will be one of the main consumers of cobalt within five years, with demand expected to drop from 45,000 tonnes this year to 73,000 tonnes in 2025, reports Agence Ecofin, which relayed Reuters. 5G could become the number one consumer of cobalt over the years, supplanting the electric vehicle sector which currently occupies the largest share of the global market. Indeed, the antenna of 5G stations requires rechargeable batteries more powerful, able to accumulate enough energy to allow its operation. In addition, the batteries used in… Read More Here

Cobalt Mining in DRC

DRC produced 51,235 tonnes of cobalt in the first 8 months of 2020

September 22, 2020September 22, 2020 arnbethnicCobalt Production

Mining companies in the Democratic Republic of the Congo produced overall 51,235 tonnes of cobalt at the end of August 2020 against 50,714 tonnes in the same period the previous year, an increase of 1.02%, according to data provided by the Bank. Central Congo. In this volume of production, the Congolese public company Gécamines produced only 100 tonnes of cobalt, the rest being provided by its mining partners and other mining companies. Throughout 2019, the DRC’s mining industry produced 77,964 tonnes of cobalt compared to 109,402 tonnes in 2018. The… Read More Here

Cobalt Battery Metals International

Tesla “battery day” a possible blow to cobalt miners

September 21, 2020September 21, 2020 admin

Elon Musk’s Tesla will hosts its annual shareholder meeting on Tuesday, Sept. 22, followed by the highly anticipated “battery technology day”, a worldwide live-streamed event during which the firm is expected to unveil its own new type of battery cell. Speculation points to a cobalt-free battery that uses more of less costly metals such as nickel and manganese. Tesla currently uses the nickel-cobalt-aluminum cathode chemistry, which has a low cobalt content of about 5%, for their cars produced outside China. The company also embraces the Responsible Minerals Initiative (RMI) to identify red flags such as child labour in their cobalt sourcing.… Read More Here