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Category: Cobalt

DRC: only two new major industries entered production in 2020 1 Mining in DRC Cobalt Copper 

DRC: only two new major industries entered production in 2020

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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
China’s Pengxin starts cobalt hydroxide output in DRC 2 Cobalt Mining in DRC 

China’s Pengxin starts cobalt hydroxide output in DRC

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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
DRC joins Cobalt Action Partnership 3 Cobalt Mining in DRC 

DRC joins Cobalt Action Partnership

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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
Trafigura's Congo artisanal cobalt project to end, replaced by industrial mining 5 Cobalt Mining in DRC 

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

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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
Tenke Fungurume1 China Moly Cobalt Copper Mining in DRC New Mining Projects 

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

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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
Glencore commits to supply 150,000 tonnes of cobalt to Chinese GEM between 2020 and 2029 6 Cobalt Mining in DRC 

Glencore commits to supply 150,000 tonnes of cobalt to Chinese GEM between 2020 and 2029

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Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by five years. Under the terms of the deal, Glencore, led by CEO Ivan Glasenberg, will supply around 150,000 t of cobalt in the hydroxide for GEM between 2020 and 2029, reports Mining News Pro. Glencore and GEM mutually commit to annual audits against standards aligned with the OECD, in particular, the cobalt refiner supply chain due diligence standard developed by the Responsible Minerals Initiative, the Responsible Cobalt Initiative and the… Read More Here
Eurasian Resources DRC copper, cobalt facility to undergo Responsible Minerals Assurance Process 7 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 8 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 9 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 10 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

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