Cobalt - Copperbelt Katanga Mining

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

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

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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

Cobalt Copper Emeralds Iron Mining in DRC

ERG suspends Zambia refinery on shortage of cobalt, copper concentrates

January 24, 2020January 24, 2020 arnbethnic

Eurasia Resources Group’s (ERG) Africa unit said on Thursday it will suspend operations at Chambishi Metals in Zambia due to a shortage of copper and cobalt concentrates required to produce cathode. Chambishi plant. Image by Eurasian Resources. Zambia, Africa’s second-largest copper producer, has introduced a 5% import tax on raw materials which has hobbled the flow of concentrates from mines in neighbouring Democratic Republic of Congo. “It was not possible to locate appropriate feedstock in Zambia. We are in the process of placing the plant on care and maintenance,” ERG… Read More Here

Cobalt Mining in DRC

After dismal 2019, could Tesla-Glencore deal spark cobalt price turnaround?

January 16, 2020 arnbethnic

Annual cobalt production is only around 130,000 tonnes, mostly as a byproduct of nickel and copper mining. Some two-thirds of supply comes from the Democratic Republic of the Congo, where fears about political instability and the challenges of ethical sourcing combine to supercharge supply concerns. Bloomberg reported Wednesday that Tesla is in talks to buy cobalt from Glencore for its third gigafactory, recently opened in Shanghai, according to people familiar with the matter. Tesla, alongside Google, Apple and others, were sued by a human rights group in December about artisanal cobalt mining… Read More Here

Cobalt Copper Mining in DRC

Congo opens Chinese-owned Deziwa copper and cobalt mine

January 16, 2020January 16, 2020 arnbethnic

The Democratic Republic of Congo’s state mining company Gécamines on Wednesday opened the Deziwa copper and cobalt mine and processing plant, part of a joint venture majority-owned by China Nonferrous Metal Mining Company (CNMC). The Deziwa deposit, around 35 kilometres east of Kolwezi, is estimated to hold 4.6 million tonnes of copper and 420,000 tonnes of cobalt. Somidez, the joint venture controlling it, is held 51% by CNMC and 49% by Gécamines. THE DEZIWA MINE IS THE LATEST EXAMPLE OF THE CLOSE INVESTMENT TIES CHINA HAS FORGED WITH CONGO An… Read More Here

Cobalt Mining in DRC

Tesla in Talks to Buy Glencore’s Cobalt

January 16, 2020 arnbethnic

Tesla is reportedly in talks with mining giant Glencore to secure a supply of cobalt, a controversial mineral used to produce Li-ion batteries used in most electric vehicles today Cobalt is a controversial mineral due to most of it coming from mining operations in Congo, a place that has historically been affected by conflict and corruption, which has resulted in child labor in some mining operations. Most tech and auto companies using cobalt have taken steps to avoid sourcing from those operations, but it’s a hard thing to track since… Read More Here