Cobalt - Copperbelt Katanga Mining

Global cobalt production capacity expected to be cash positive in 2021 – report 1

Market analyst Roskill forecasts that cobalt’s all-in sustaining cost of production will fall by around 2% y-o-y in 2021, from $23,085/t to $22,600t. In a recent report, Roskill explains that, as a result of this prediction, it estimates that over 98% of cobalt production capacity will be cash positive on an AISC basis, based on cobalt price circa $39,700/t. In the market analyst’s view, all cost centres except processing and site G&A will decrease on an average industry-wide aggregated basis in 2021. The remainder combined are expected to decrease by $1,329/t,… Read More Here

Cobalt Battery Metals Mining in DRC

A mission to convince major global consumers of Congolese cobalt

January 11, 2021January 11, 2021 arnbethnic

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 working conditions for 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 Geneva… Read More Here

Copper Cobalt Mining in DRC

Managem and Wanbao add sulphuric acid plans to Pumpi copper and cobalt mine

January 7, 2021January 7, 2021 admin

The royal Moroccan mining company Managem and Chinese group Wanbao have plans to launch a sulphuric acid production line at their Congolese mine Pumpi, where they already extract copper and cobalt. Read More Here

Battery Metals Cobalt

Cobalt may substitute platinum in fuel cells

December 29, 2020December 29, 2020 admin

A team led by researchers at the Pacific Northwest National Laboratory in the United States designed a highly active catalyst that contains cobalt interspersed with nitrogen and carbon and, thus, doesn’t rely on platinum to spur the necessary chemical reaction. In a paper published in the journal Nature Catalysis, the scientists say that their invention is four times more durable than similarly structured catalysts made from iron —another platinum substitute. In their view, their findings show promise for fuel cells in transportation as proton exchange membrane fuel cells paired with hydrogen… Read More Here

Mining in DRC Cobalt

DRC: 78,935 tonnes of cobalt produced at the end of November 2020, i.e. production up 8.6% compared to the same period in 2019

December 29, 2020December 29, 2020 admin

The Democratic Republic of the Congo produced 78,935.53 tonnes of cobalt up to the end of November 2020 against 72,506.93 tonnes in the same period in 2019, according to figures from the Ministry of Mines. For the whole of 2019, the Democratic Republic of the Congo produced 77,964 tonnes of cobalt. So the production of the first 11 months of the year 2020 exceeds that of the whole year of 2019 by 1.24%. Recall that the DRC’s mining industry achieved a record production of 109,402 tonnes of cobalt in 2018 against… Read More Here

Mining in DRC Cobalt Copper

DRC: only two new major industries entered production in 2020

December 24, 2020December 24, 2020 admin

Only two new major industries entered production during the year 2020 in the Democratic Republic of the Congo, according to DESKECO.COM’s count. Both of these industrial companies are located in Katanga. Here, we are talking about large industrial companies and not small and medium-sized industries (SMIs) which, certainly dozens have gone into production this year. From January 15, 2020, the DEZIWA mining company went into production in the province of Lualaba. The result of an investment of more than 880 million USD, this copper and cobalt plant has a production capacity of 80,000… Read More Here

Cobalt Mining in DRC

China’s Pengxin starts cobalt hydroxide output in DRC

December 24, 2020December 24, 2020 admin

Chinese mining firm Pengxin International Mining has launched the first phase of its cobalt hydroxide production plant in the Democratic Republic of the Congo (DRC). Pengxin started production at the plant on 18 December after completing trial runs. The first phase has a designed capacity of 3,000 t/yr cobalt metal equivalent. The second phase will raise the plant’s capacity to 7,000 t/yr of cobalt metal equivalent, with further details including the launch date undisclosed. Pengxin’s subsidiary in the DRC Shituru Mining will operate the plant. Chinese firms have been exploring… Read More Here

Cobalt Mining in DRC

DRC joins Cobalt Action Partnership

December 23, 2020December 23, 2020 admin

The Minister of Mines of the Democratic Republic of the Congo, Willy Kitobo Samsoni, joined this week the Cobalt Action Partnership (CAP), a program with main goals to eliminate child and forced labor from the cobalt value chain, contribute to the sustainable development of communities, and respect the human rights of those affected by cobalt mining. Established by the Global Battery Alliance – a public-private collaboration platform founded in 2017 at the World Economic Forum – and led by the Responsible Minerals Initiative, the CAP is governed by an independent steering committee… Read More Here

Cobalt Mining in DRC

Trafigura’s Congo artisanal cobalt project to end, replaced by industrial mining

December 18, 2020December 18, 2020 admin

Trafigura is ending an artisanal cobalt formalisation project in Democratic Republic of Congo, which it has run alongside miner Chemaf and NGO PACT for nearly two years, the commodities trader said on Thursday. A cooperative of artisanal miners on the Mutoshi project site has produced cobalt, a key battery metal, and sold it to Trafigura since early 2019. The site has been shut since March 2020 because of the Covid-19 pandemic. Trafigura said the project will end on Dec. 31 as Chemaf aims to develop an industrial mine at Mutoshi.… Read More Here

Cobalt Copper Mining in DRC New Mining Projects

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m

December 14, 2020December 15, 2020 admin

China Molybdenum said on Sunday that it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million. The Chinese company’s takeover of the undeveloped Kisanfu project – discussed as early as 2016 – boosts its reserves in the DRC, the world’s top producer of battery metal cobalt, where China Moly already operates the giant Tenke Fungurume mine. The acquisition, by China Moly unit Natural Resource Elite Investment, was approved by the Luoyang-based company’s investment committee on December… Read More Here