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Category: Cobalt

Glencore Offices Mopani Cobalt International Mining in DRC 

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

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
Trader Trafigura in talks with Congo over financing cobalt buyer 1 Cobalt Mining in DRC 

Trader Trafigura in talks with Congo over financing cobalt buyer

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
DRC cobalt-mine Cobalt Mining in DRC 

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

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
Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution 4 Cobalt Emeralds Mining in DRC 

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

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
congo cobalt ore Cobalt Emeralds Mining in DRC 

DRC aims for control of artisanal cobalt supply

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
LME Offers Recognition to Artisanal Mining but with Caution 5 Cobalt Copper Gold International Iron Precious Metals 

LME Offers Recognition to Artisanal Mining but with Caution

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
Global Cobalt Market 2020 BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc, Sherritt International 6 Cobalt Iron Mining in DRC Mining in Zambia 

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

arnbethnic, , ,
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 in DRC Cobalt Copper Emeralds Iron Mining in DRC 

ERG suspends Zambia refinery on shortage of cobalt, copper concentrates

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
After dismal 2019, could Tesla-Glencore deal spark cobalt price turnaround? 8 Cobalt Mining in DRC 

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

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
Congo opens Chinese-owned Deziwa copper and cobalt mine 9 Cobalt Copper Mining in DRC 

Congo opens Chinese-owned Deziwa copper and cobalt mine

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

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