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Category: Cobalt

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
Spread of COVID-19 threatens cobalt supply out of DRC 2 Cobalt Mining in DRC 

Spread of COVID-19 threatens cobalt supply out of DRC

Copperbelt Katanga News
As COVID-19 continues to spread worldwide, the pandemic is having an extraordinary impact on the global economy and commodity markets, including cobalt. With countries imposing prevention and control measures against the virus, a number of cobalt-producing operations have been temporarily closed for maintenance since March. Roskill has so far recorded the closure of 21 operations as a result of the outbreak, including: Vale’s Voisey’s Bay and Glencore’s Sudbury in Canada; Ambatovy in Madagascar; Coral Bay and Taganito in the Philippines; CTT in Morocco. At this time, the loss of supply… Read More Here
Program to monitor Congo’s artisanal cobalt miners expanded 4 Cobalt Mining in DRC 

Program to monitor Congo’s artisanal cobalt miners expanded

Copperbelt Katanga News
 A scheme to monitor and improve artisanal cobalt mines in Democratic Republic of Congo will reach four times the number of sites it currently covers by 2023 after a deal between RCS Global and the Responsible Minerals Initiative (RMI). Cobalt, a by-product of copper or nickel, is used to make lithium-ion batteries that power smartphones and electric cars. Currently about two-thirds of it comes out the DRC. However, due to the region’s intense poverty and the mineral’s soaring price, thousands of impoverished Congolese have flocked to the cobalt rich areas to… Read More Here
congo cobalt ore Cobalt Mining in DRC 

Congo enacts new plan to minimize COVID-19 impact as cobalt exports slump

arnbethnic,
The Democratic Republic of Congo will begin a massive public-health information campaign for hundreds of thousands of hand-miners as part of a plan to offset the impact of the coronavirus pandemic on its key cobalt and copper industry.   The proposals are contained in a report drafted by the Mines Ministry that warns of a “catastrophic” situation if the effects of the covid-19 outbreak lead to major mine closures. MOST MINES, INCLUDING ONES RUN BY GLENCORE AND CHINA MOLYBDENUM, CONTINUE TO OPERATE AMID STAFFING RESTRICTIONS Congo, the world’s biggest producer… Read More Here
acid plant Copper Cobalt Mining in DRC 

Glencore’s Katanga Mining Sends Back 350 Contractors

arnbethnic
Glencore’s Katanga Mining sent 350 workers to be repatriated this week after the copper and cobalt miner delayed the commissioning of an acid plant they were working on in Democratic Republic of Congo’s Lualaba province.  Katanga Mining’s 75%-owned subsidiary Kamoto Copper Company (KCC) had sent the 350 Indian contractors from the mine site near Kolwezi to Lubumbashi, capital of Haut-Katanga province, to be repatriated, a source at KCC told Reuters. They are awaiting flights back to India. Haut-Katanga governor Jacques Kyabula Katwe told Reuters: “There are about 300 Indians in Lubumbashi, they came from Kolwezi and are waiting… Read More Here
Mine workers Copper Cobalt Mining in Zambia 

Mopani Copper Mine Moves Operations to Care and Maintenance

arnbethnic
Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. Mopani, owned 73.1% by Glencore, is an integrated copper producer located in the Copperbelt of central Zambia.  The announcement, the company said, followed a number of meetings with Zambian government Ministries to provide an update of its comprehensive operational review. In a press statement to Mining Weekly, the company said that the “very challenging” operating, regulatory and macroeconomic environments had placed significant pressure… Read More Here
Ivanhoe's Operations Cobalt Copper Mining in DRC Uncategorized 

Ivanhoe’s Operations at Kamoa Kakula Copper Mine Continues

arnbethnic
Ivanhoe Mines has announced that, given the fast-evolving global impact of the COVID-19 pandemic, it is providing details on protective measures implemented while ensuring business continuity at the Kamoa-Kakula Project. In response to government-imposed travel restrictions and emergency protocols being introduced worldwide, strict quarantine and lock-down procedures have been implemented at all three of the company’s projects ─ Kamoa-Kakula, Platreef and Kipushi ─ to prevent the virus from spreading to the minesites. To date, no COVID-19 cases have been discovered. At Kamoa-Kakula, the minesite has been locked down and all… Read More Here
CNMC to transfer Africa copper, cobalt assets to engineering arm 7 Copper Cobalt Mining in DRC Mining in Zambia 

CNMC to transfer Africa copper, cobalt assets to engineering arm

arnbethnic, , , ,
China Nonferrous Mining Corp (CNMC) said late on Monday its parent had agreed to sell its 74.52% stake in the company to the group’s engineering arm for 7.36 billion yuan ($1.06 billion) in a restructuring move. State-owned China Nonferrous Metal Mining Group is selling its 2.6 billion shares to its 33.75%-owned subsidiary, China Nonferrous Metal Industry’s Foreign Engineering and Construction, known as NFC,  according to a filing to the Hong Kong stock exchange, which did not provide a reason for the move. The transfer, which was first flagged in September last year with no… Read More Here
Human rights activist 'forced to flee DRC' over child cobalt mining lawsuit 8 Cobalt Mining in DRC 

Human rights activist ‘forced to flee DRC’ over child cobalt mining lawsuit

Copperbelt Katanga News
A Congolese human rights activist said he was forced to flee the country with his family after being involved in a lawsuit accusing the world’s largest technology companies of killing children in cobalt mines in the Democratic Republic of the Congo (DR Congo). In December, the Guardian announced that a group of families from the Democratic Republic of the Congo have taken landmark legal action against Apple, Google, Tesla, Microsoft, and Dell. They claim that they supported and favored the death and injuries of their children, who worked in mines… Read More Here
Ivanhoe Mining in DRC Cobalt Copper 

Ivanhoe eyes Q3, 2021 start for DRC copper mine  

Copperbelt Katanga News
Ivanhoe Mines Ltd. huge Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) is on track to start production in the third quarter of 2021. The forecast is among the highlights of the company’s 2019 full year results, which also contain a review of mine construction progress and exploration activities. “Development of the Kakula Mine, the first of multiple, planned mining areas at Kamoa-Kakula, is making excellent progress,” the company said in a press release. It said the first underground access drives intersected Kakula’s initial high-grade ore (+3% copper) in… Read More Here

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