Cobalt - Copperbelt Katanga Mining

Red Rock excited about second – phase DRC exploration

February 28, 2020February 28, 2020 Copperbelt Katanga News1 Comment

Republic of Red Rock Resources, listed on the London Stock the Congo (DRC) Exchange, has contracted Minex Consulting to explore minerals to start a second phase of exploration for its copper belt license in the south of the Democratic. The license, which Red Rock calls the Luanshimba project, provides for copper and cobalt mineralization, according to an initial exploration program in December 2018. The project is 80% owned by Red Rock, the rest by a local partner. “We have received very promising results from the first exploration in a favorable… Read More Here

Cobalt Oil & Gas

How cobalt can help produce hydrogen for clean fuel

February 25, 2020February 25, 2020 Copperbelt Katanga News

A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed to achieve affordable water splitting to produce hydrogen, a clean alternative to fossil fuel. In a paper published in the journal ACS Applied Materials & Interfaces, the researchers explain that photo electrochemical water splitting, the process by which light energy is used to split water molecules into hydrogen and oxygen is a promising approach to obtain pure hydrogen for use as… Read More Here

Cobalt Copper Emeralds Iron Mining in DRC

Tenke Fungurume Mine

February 21, 2020February 23, 2020 arnbethnic

Tenke Fungurume Mining SA Location Tenke Fungurume Mining SA Province Lualaba Province Country Democratic Republic of the Congo Coordinates 10°34′06″S 26°11′44″ECoordinates: 10°34′06″S 26°11′44″E Production Products copper, cobalt History Opened 2009 Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC). Construction on the site began in the latter part of 2006, and in 2009, TFM produced its first copper. The mine has since become a vital source of income for local communities and the country by way of royalties and taxes, as well… Read More Here

Cobalt International Mining in DRC

Glencore secures five-year deal to supply cobalt to Samsung SDI

February 17, 2020February 17, 2020 Copperbelt Katanga News

Glencore has signed a five-year deal to supply battery maker Samsung SDI with up to 21,000 tonnes of cobalt, the miner and trader has said. An expected boom in demand for electric vehicles has pushed battery and car makers to finalize supply deals for key raw materials such as cobalt. In the previous year, Glencore agreed to supply cobalt with battery maker SK Innovation, China’s GEM Co Ltd, Umicore and BMW. Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from the previous year but expects to churn… Read More Here

Cobalt Mining in DRC

Trader Trafigura in talks with Congo over financing cobalt buyer

February 14, 2020February 14, 2020 Copperbelt Katanga News

Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company that will buy all the African nation’s hand-mined cobalt. Entreprise Generale du Cobalt will need about $80-million to $100-million to begin buying cobalt from artisanal miners, this was according to a source whose details were withheld as the negotiations in this matter were still private. Mines Minister Willy Kitobo Samsoni said that the hand-dug metal accounts for a fifth of cobalt output in Congo, the world’s biggest producer of the essential ingredient in… Read More Here

Cobalt Mining in DRC

Congo’s move to control artisanal cobalt is double-edged

February 11, 2020February 11, 2020 Copperbelt Katanga News

The government of the Democratic Republic of Congo has announced ambitious plans to take control of the country’s wild-west artisanal cobalt sector. A new state company, Enterprise Generale du Cobalt (EGC), has been given monopoly powers to purchase and market cobalt from the informal sector. The move is being hailed by the government as a way to clean up a sector that is tarnished with a reputation for child labour, lax safety and illegal activity. That would be very good news for the cobalt market. The human cost of mining… Read More Here

Cobalt Emeralds Mining in DRC

Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution

February 5, 2020February 5, 2020 Copperbelt Katanga News

Microsoft partner Decision Inc. has implemented the Dynamics 365 Internal Stores Requisition Management (ISRM) solution at Eurasian Resources Group Africa (ERGA) to automate its inventory management and improve the operational efficiency of its mines throughout the continent. The Eurasian Resources Group (ERG) is a leading diversified natural resources group. ERG Africa (ERGA) operates all the assets of ERG assets in Africa. In the Democratic Republic of the Congo (DRC), ERGA mines cobalt and copper and produces cobalt hydroxide and copper concentrate. Apart from its core cobalt and copper business, the… Read More Here

Cobalt Emeralds Mining in DRC

DRC aims for control of artisanal cobalt supply

February 5, 2020February 5, 2020 Copperbelt Katanga News

The Democratic Republic of Congo has granted a monopoly to a new state-owned company that is being set up to buy and market all cobalt in the country that is not mined industrially. According to a Reuters report, the move is a bid aimed at controlling to the entire artisanal supply chain and boost government revenue through control of prices. Another aim is to exert greater state oversight of working conditions in the artisanal sector, which has been plagued by instances of child labour and other abuses. This move … Read More Here

Cobalt Copper Gold International Iron Precious Metals

LME Offers Recognition to Artisanal Mining but with Caution

January 28, 2020January 29, 2020 arnbethnic

Earlier last year, the London Metal Exchange announced plans to accept supplies from small-scale miners to ensure that those who rely on artisanal mining for a living can trade internationally. Some say this would help legitimize the troubled industry, while others believe it will lead to further illegal activities and human rights violations. Who is right? We’re examining. The London Metals Exchange’s (LME) new roadmap for responsible metal sourcing was released in October last year. Not only did she advocate transparency across the supply chain, she also confirmed that she… Read More Here

Cobalt Iron Mining in DRC Mining in Zambia

Global Cobalt Market 2020 BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc, Sherritt International

January 24, 2020January 24, 2020 arnbethnicCobal Markets, Cobalt, Copper, Zambia

The research document entitled Cobalt by Market Research Store intends to reveal various facets of the global market with the assistance of the key elements influencing the market, the constraints, and the difficulties that could stop the market development. The Cobalt report provides a thorough assessment for the people seeking for their business growth on both local and global level as well as producers, newcomers in the industry, professional association, private businesses, and commercial marketers. Download Free Sample Cobalt Report: http://www.marketresearchstore.com/report/global-cobalt-industry-market-report-2019-industry-analysis-614076#RequestSample The Leading players mentioned in the Cobalt Market: BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc,… Read More Here