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Category: Cobalt

EGC, Trafigura partner to formalise ASM mining in the DRC 1 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 2 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 3 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 4 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 5 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 6 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
Billionaire Gertler Buys Royalty Rights in Congo Cobalt Project 7 Mining in DRC Cobalt 

Billionaire Gertler Buys Royalty Rights in Congo Cobalt Project

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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 Cobalt Mining in DRC 

58,220 tonnes of cobalt produced in DRC by the end of September 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 Metal Cobalt Mining in DRC New Mining Projects 

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

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
Miba 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

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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

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