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Category: Cobalt

Katanga mining Copper Cobalt Economy Mining in Zambia 

Katanga Mining Completes Amalgamation Transaction

arnbethnic
Katanga Mining Limited (TSX: KAT)  is pleased to announce the successful completion of its previously announced amalgamation (the “Amalgamation“) with 836074 Yukon Inc. The Amalgamation was approved by 99.9% of the votes cast by shareholders of the Company (the “Shareholders“) at the Company’s special meeting of Shareholders held on June 2, 2020, and the Amalgamation was completed pursuant to Section 183 and Section 184 of the Business Corporations Act (Yukon) (“YBCA“), on the terms and subject to the conditions set out in an amalgamation agreement (the “Amalgamation Agreement“) dated June… Read More Here
Cobalt Supply Chain 1 CKM Cobalt Battery Metals Economy International Mining in DRC 

What Investors Should Know About Cobalt Supply Chains

arnbethnic
Interest in the cobalt space surged in 2017 and 2018, when prices were going through the roof on the back of expected demand from the electric vehicle (EV) space.   Cobalt is a key element in the lithium-ion batteries used to power EVs, and even though prices are far away from those highs, the long-term future of the metal is still quite bright. When looking at the cobalt supply chain, there are two countries that dominate. On the mining side, the Democratic Republic of Congo (DRC) takes the lead, with Benchmark Mineral Intelligence… Read More Here
Pollution causing birth defects in children of DRC cobalt miners 2 Cobalt Mining in DRC 

Pollution causing birth defects in children of DRC cobalt miners

Copperbelt Katanga News
Thousands of people in the Democratic Republic of Congo (DRC) are being exposed to dangerous levels of toxic pollution that is causing birth defects in their children as they mine for cobalt used to make rechargeable batteries for smartphones, laptops and electric cars, a new medical study has found. Research published in the Lancet last week found that local people working in mines in the African “copperbelt”, a mining region stretching across Zambia and the DRC, are at significantly higher risk of having children born with serious birth defects. Researchers from… Read More Here
First Cobalt to produce battery-grade by year-end 3 Cobalt International 

First Cobalt to produce battery-grade by year-end

Copperbelt Katanga News
Canada’s First Cobalt  announced on Monday that it expected to begin production of cobalt sulphate late this year or in early 2021, which would make it North America’s only primary producer of the key ingredient for the batteries that power electric vehicles ( ) and high-tech devices. The Toronto-based company said the expansion of its refinery in Ontario, which it is carrying out in partnership with mining and commodities trading giant Glencore , would help North America reduce its reliance on China. The country dominates the supply chain for rechargeable… Read More Here
Kakula Cobalt Copper Mining in DRC 

Ivanhoe’s Kakula mine development advances ahead of schedule

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Ivanhoe (TSX: IVN) announced on Monday that underground development at the Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule and said it will bring the deposit into production on time and budget by the third quarter of 2021.  Kamoa-Kakula mine in the DRC. (Image courtesy of Ivanhoe Mines). The company reported that more than 13.5 kilometres (8 miles) of underground development is now completed, 4.2 kilometres (3 miles) ahead of schedule. “The mining team is on pace to set a new monthly development record of… Read More Here
China Moly Cobalt Copper Covid-19 Mining in DRC 

China Moly shakes off South African ports disruption as DRC cobalt sales rise

arnbethnic
China Moly (China Molybdenum Co.) is sending more copper and cobalt from the Democratic Republic of Congo (DRC) to ports in Tanzania, Namibia and Mozambique, a spokesman said on Thursday, as it weathers coronavirus disruption at South African outlets. Aerial view of the processing plant at China Molybdenum’s Tenke Fungurume mine in 2015. (Image courtesy of Freeport-McMoRan Copper & Gold) South Africa implemented a covid-19 lockdown on March 27, under which ports handle only essential goods with reduced staff, leaving minerals mined across southern and central Africa without a key route to international… Read More Here
katanga mining Cobalt Copper Mining in DRC 

Katanga Mining, 2020 First Quarter Production Results

arnbethnic
ZUG, SWITZERLAND, April 22, 2020 – Katanga Mining Limited (TSX: KAT) (“Katanga” or the “Company”) today provides an update on its major projects and announces its 2020 first quarter production results at its 75%-owned subsidiary, Kamoto Copper Company (“KCC”). COVID-19 Update on Operations  On March 11, 2020, the World Health Organization officially declared the outbreak of COVID-19 to be a pandemic. The Company is closely monitoring the progress of the virus and is taking measures to contain the impact of COVID-19 on the health of its employees and its operations.… Read More Here
Cobalt collaboration in the DRC 4 Cobalt Mining in DRC 

Cobalt collaboration in the DRC

Copperbelt Katanga News
The mining industry in the Democratic Republic of the Congo (DRC) can be considered one of the most difficult countries on the African continent. True or not, one of its largest copper / cobalt producers, Chemaf, together with its partners – the commodity trader Trafigura and the NGO PACT – has completely ignored this feeling after successfully formalizing manual mining operations in its previously dormant Mutoshi mine would have. In this way, the company has tapped a resource that was not operationally feasible, while improving legal transparency and the livelihood… Read More Here
Mining Economy Mining in DRC Cobalt Copper 

The DRC should become the largest mining economy in Africa

Copperbelt Katanga News
“Investment appetite in the resources sector is low and investment hurdles have been raised which means that only the best investment jurisdictions, like the Democratic Republic of Congo, will receive much needed investment for growth.” This is according to a statement by  Dr Tony Harwood, president and CEO of Montero Mining and Exploration. “The slow-down in the global economy has depressed metal prices and the advent of the Coronavirus (COVID-19) has also worsened this, bringing many countries into a negative growth and some in recession,” Dr Harwood, who is also… Read More Here
Katanga Mining Copper Cobalt Mining in DRC 

Glencore de-lists giant Katanga Mining

arnbethnic
Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares. The KOV and Kamoto East pits. (Image courtesy of Katanga Mining) Its de-listing comes as depressed copper and cobalt prices due to the covid-19 pandemic put added pressure on miners also… Read More Here

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