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Category: Cobalt

Sub-Saharan Africa's Energy Transition Minerals Valued at $2 Trillion by 2050 1 Battery Metals Cobalt Lithium Mining in DRC 

Sub-Saharan Africa’s Energy Transition Minerals Valued at $2 Trillion by 2050

Constance
Sub-Saharan Africa is poised to play a significant role in the global energy transition, with the potential to generate nearly $2 trillion from the production of essential metals by 2050, according to the International Monetary Fund (IMF). In a paper released on Friday, the IMF outlined that global revenue from mining key metals such as copper, cobalt, lithium, and nickel could soar to $16 trillion over the next 25 years, as projected by the International Energy Agency (IEA). Sub-Saharan Africa is expected to contribute around 12% of this total output.… Read More Here
Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products 2 Mining in Zambia Battery Metals Cobalt 

Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products

Constance
In response to recent misinformation circulating in the media, Musonoïe Mining Company SAS has issued a clarifying statement regarding its cobalt hydroxide products. The company, headquartered in Kolwezi, Democratic Republic of Congo, asserts that certain claims regarding radiation levels in its products are unfounded rumors. Reports suggesting the exceeding of radiation standards and sensationalized narratives, including the closure of mining areas and involvement of armed forces, have been addressed directly by the company. Contrary to these assertions, Musonoïe Mining Company affirms that it operates in strict adherence to national and… Read More Here
Zijin's DRC Copper Mine Suspended Over Radiation Worries 3 Mining in DRC Cobalt Copper 

Zijin’s DRC Copper Mine Suspended Over Radiation Worries

Constance
Recent developments have led to the suspension of operations at the La Compagnie Minière de Musonoie (COMMUS) project, a key copper and cobalt mine operated by Zijin Mining Group Ltd. in the Democratic Republic of Congo (DRC). Reports indicate concerns over elevated radiation levels in the cobalt extracted from the mine. Sources familiar with the situation revealed that COMMUS has been non-operational since earlier last week. Government officials are actively involved in overseeing the suspension of production and conducting tests on cobalt shipments. Some shipments, which were previously exported, have… Read More Here
DRC Explores Export Quotas to Stabilize Cobalt Prices 4 Mining in DRC Battery Metals Cobalt 

DRC Explores Export Quotas to Stabilize Cobalt Prices

Constance
The Democratic Republic of Congo, the world’s leading cobalt producer, is exploring options to boost the price of the battery metal, including the potential implementation of export quotas. This move comes as cobalt prices have plummeted by two-thirds since mid-2022 due to an oversupply situation exacerbated by excessive production from Congo, which accounts for about 75% of global cobalt supply. President Felix Tshisekedi has expressed concerns about the price slump and has tasked the government with investigating measures to ensure a fair price for cobalt. The government is now seeking… Read More Here
Eurasian Resources Group Inks MoU to Supply Cobalt to Japanese market with Mechema and Marubeni 5 Mining in DRC Battery Metals Cobalt 

Eurasian Resources Group Inks MoU to Supply Cobalt to Japanese market with Mechema and Marubeni

Constance
.The agreement with Mechema and Marubeni will explore the potential supply of cobalt hydroxide (up to 3ktCo per annum), and the production and marketing of cobalt sulfate .The potential cooperation could increase cobalt supply alternatives for Japanese market, which is showing substantial growth in demand due to global surge in EV adoption .It also supports ERG’s ambition to supply its cobalt to all key regions that will produce main portion of battery materials, one of which will be Japanese suppy chain Eurasian Resources Group (“ERG” or “The Group”), a leading… Read More Here
Electra Battery Partners with ERG for DRC's Cobalt Supply 6 Mining in Zambia Battery Metals Cobalt 

Electra Battery Partners with ERG for DRC’s Cobalt Supply

Constance
In the race for the Democratic Republic of Congo’s (DRC) rich mineral resources, valued at a staggering $24 trillion, Electra Battery Materials has taken a significant stride. Recently, the company announced a pivotal agreement with Eurasian Resources Group (ERG) for a steady supply of Congolese cobalt. Under this arrangement, ERG, based in the DRC, will deliver 3,000 tonnes of cobalt hydroxide annually from its Metalkol operation to Electra. This cobalt will be channeled to a refinery located near Toronto, starting in 2026. This strategic partnership aligns with the United States’… Read More Here
The Mining Process in the Democratic Republic of Congo 7 Mining in DRC Cobalt Copper Mining Process You got to know this 

The Mining Process in the Democratic Republic of Congo

Constance
The Democratic Republic of Congo (DRC) is a country rich in natural resources, particularly minerals, making mining a significant contributor to its economy. With vast reserves of cobalt, copper, gold, diamonds, and other minerals, the DRC holds a prominent position in the global mining industry. Let’s delve into the mining process in this mineral-rich nation. 1.Exploration: The mining process in the DRC typically begins with exploration activities aimed at identifying potential mineral deposits. Exploration methods may include geological surveys, remote sensing, drilling, and sampling to determine the size, grade, and… Read More Here
Progress Update on Red Rock Resources' Arbitration in the DRC 8 Mining in DRC Cobalt Copper 

Progress Update on Red Rock Resources’ Arbitration in the DRC

Constance
Red Rock Resources, listed on AIM, has issued a significant update regarding its ongoing arbitration proceedings in the Democratic Republic of Congo (DRC) concerning the company’s stake in the VUP copper/cobalt joint venture (JV). As of February 5, Red Rock announced that the finalization of the arbitration award regarding its claim for a portion of the sale proceeds from a JV asset was pending signature and release. Despite a temporary halt in proceedings due to Presidential elections and the subsequent formation of a new administration, Red Rock has indicated that… Read More Here
Lwisha Artisanal Miners Face Harassment and Exploitation by State Services 9 Mining in DRC Artisanal mining Cobalt Copper Zinc 

Lwisha Artisanal Miners Face Harassment and Exploitation by State Services

Constance
At artisanal mining sites in Lwisha, located in the Haut-Katanga province, diggers endure not only the illegal presence of numerous state services but also harassment and arbitrary taxes. In areas like “Kasonga” or “Double Band,” where copper is extracted, artisanal diggers are subjected to abuses by state services. These services control the region, imposing various taxes and fees without clear justification, plunging diggers into perpetual poverty. Working under deplorable conditions, diggers in Lufira’s sector face multiple barriers controlled by different state departments, each demanding payments upon each visit. Refusal often… Read More Here
DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns 10 Mining in DRC Battery Metals Cobalt 

DRC Halts ERG Subcontractors at Vital Cobalt Mines Amid Ownership Concerns

Constance
The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies operating at mines managed by Eurasian Resources Group (ERG), adding to the challenges faced by the cobalt and copper producer in the country. The government announced the ban on March 14, citing non-compliance with Congolese ownership requirements. Despite a meeting with ERG representatives last week, the regulator confirmed on Tuesday that the sanctions remain in place. Miguel Kashal Katemb, director general of the Regulatory Authority for Subcontracting in the Private Sector, emphasized the need for ERG to engage subcontractors… Read More Here

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