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Cobalt News

Katanga appoints new CEO, CFO after signing management services agreement with Glencore International 

By: Tasneem Bulbulia     18th January 2019 Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore. 

Ford, IBM among quartet in Congo cobalt blockchain project

By: Reuters     16th January 2019 Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help... 

Congo poll leaves uncertainty for miners at heart of EV revolution

By: Reuters     14th January 2019 The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila – has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading... 

Congo poll leaves uncertainty for miners at heart of EV revolution

Too early to bet on mining policy change: Congo vote reaction

By: Bloomberg     10th January 2019 In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s Presidential election, although his victory is being marred by claims by a rival that the poll was rigged. The African country is the world’s main supplier of battery... 

Metalkol RTR joins Cobalt Institute

By: Tasneem Bulbulia     9th January 2019 Eurasian Resources Group’s Metalkol RTR reprocessing plant is now a member of the Cobalt Institute. Metalkol RTR is a major reprocessing plant for historic cobalt and copper tailings from previous mining operations in the Haut-Katanga province of the Democratic Republic of the Congo. 

First Cobalt starts permitting and environmental programmes at Iron Creek

By: Tasneem Bulbulia     9th January 2019 First Cobalt has appointed consultants Brown and Caldwell to provide guidance on permitting and to develop an environmental baseline study strategy for its Iron Creek project, in Idaho. “On the heels of the maiden resource estimate announced in the fall, this is one of a series of technical... 

eCobalt sees potential 1 200 t/d cobalt production rate at Idaho project

By: Marleny Arnoldi     7th January 2019 TSX-listed eCobalt Solutions has identified the potential to increase the targeted production rate at its Idaho cobalt project to 1 200 t/d from the previously planned 800 t/d. The 50% increase in anticipated production within the updated mine plan should create more resilient project... 

NSW approves modifications for Clean TeQ’s Sunrise

By: Mariaan Webb     21st December 2018 The Independent Planning Commission of New South Wales, Australia, has given ASX- and TSX-listed Clean TeQ the green light to implement a number of improvements at the cobalt/nickel project, which will allow it to more effectively respond to the rapidly growing demand for the metals that it will... 

Chinese battery firm halts purchases of cobalt from Glencore – sources

By: Reuters     14th December 2018 Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52 800 tonnes of cobalt from... 

Germany secures access to vast lithium deposit in Bolivia

By: Reuters     12th December 2018 Germany and Bolivia on Wednesday sealed a partnership for the industrial use of lithium, a key raw material for battery cell production, in an important step to become less dependent on Asian market leaders in the dawning age of electric cars. Interest in battery metals such as cobalt, nickel... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Zambian mines warn tax changes could lead to 21 000 job losses

By: Bloomberg     11th December 2018 Zambia’s planned mining royalty increases could lead to more than 21 000 job losses and operators cutting $500-million in capital spending over the next three years, an industry lobby group said. Members of the Chamber of Mines, which represents companies including Glencore, First Quantum... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

By: Jessica Oosthuizen     7th December 2018 Phase I of diversified miner Eurasian Resources Group’s (ERG’s) Metalkol Roan Tailings Reclamation (RTR) copper and cobalt project in the Democratic Republic of the Congo (DRC) is nearing completion and is expected to reach initial production rates early next year, says ERG CEO Benedikt Sobotka.... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
METALKOL PROJECT The Metalkol Roan Tailings Reclamation project comprises the reprocessing of old cobalt and copper tailings from previous mining operations around Kolwezi, in the Democratic Republic of Congo

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Congo mining revenues jump 147% in first 9 months

By: Reuters     5th December 2018 Democratic Republic of Congo (DRC) collected $1.21-billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4% over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4% over that same period to... 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Lithium, cobalt costs hinder battery-powered car sales – HSBC

By: Bloomberg     4th December 2018 High prices for lithium and cobalt will hinder sales growth in battery-powered vehicles the next few years, according to HSBC Holdings. Global market share by 2025 for fully electric vehicles will be lower than previously projected – 9.4%, compared with an earlier estimate of 10.5%, HSBC... 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Congo declares cobalt 'strategic', nearly tripling royalty rate

By: Reuters     4th December 2018 Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10%. Prime Minister Bruno Tshibala signed the decree, which is dated November 24, despite... 

Congo State miner in production-sharing deal with Chinese firm

By: Reuters     3rd December 2018 Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40-million signing bonus. Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for... 

Glencore says cobalt contract 'nonperformance' hits outlook for marketing earnings 

By: Reuters     3rd December 2018 Mining and trading giant Glencore said on Monday some customers had reneged on contracts for cobalt, a key metal for electric car batteries, contributing to a cut in earnings guidance for its marketing arm. A presentation released ahead of an investor call said: "Cobalt – some customer... 

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

Congo begins audit of Glencore unit after cobalt exports halted  

By: Bloomberg     3rd December 2018 The Democratic Republic of Congo’s (DRC's) government began an audit into how radioactive cobalt produced by a Glencore unit left the country before an alarm was raised. The probe places a further strain on relations between the commodity trader and Congo’s government frayed earlier this year by... 

Construction on $4bn Indonesia EV battery project begins Jan 2019 – Minister

By: Reuters     30th November 2018 Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Coordinating Maritime Minister Luhut Pandjaitan said on Friday. The $4-billion project involves investors from South Korea, Japan and China, Pandjaitan told reporters, without... 

Artemis raises A$5.4m

By: Esmarie Iannucci     30th November 2018 ASX-listed junior Artemis Resources has secured some A$5.4-million in funding from a UK-based institutional investor to fund exploration in the Patersons Range, in Western Australia. “This new funding allows Artemis to start exploration at Armada and finalise the next resource upgrade and... 

Broken Hill, Cobalt Blue dispute escalates

By: Esmarie Iannucci     30th November 2018 The tussle between joint venture (JV) partners Broken Hill Prospecting and Cobalt Blue have intensified, as Broken Hill refuses to contribute a 30% share of expenditure expected at the Thackaringa cobalt project, in South Australia. The two companies have been at odds over the way forward at the... 

BMW joins project to improve conditions for cobalt mining in Congo

By: Reuters     29th November 2018 German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency. Carmakers seeking to boost sales of electric cars are struggling to get their hands on... 

Congo State miner blames foreign investors for underdevelopment

By: Bloomberg     29th November 2018 The Democratic Republic of Congo's State mining company blamed international investors and anti-corruption activists for the country’s lack of progress despite its vast mineral wealth. Nongovernmental organisations including the Atlanta-based Carter Center and London-based Global Witness have... 

Glencore draws fresh ire in DRC over cobalt-export suspension

By: Bloomberg     29th November 2018 The Democratic Republic of Congo’s (DRCs) government renewed its criticism of a decision by a Glencore unit to halt cobalt shipments. Glencore-controlled Katanga Mining announced Nov. 6 it suspended sales from its Kamoto mine in southeast DRCafter detecting levels of uranium too high for export... 

Eurasian Resources Group secures electricity supply for DRC copper mine

By: Creamer Media Reporter      27th November 2018 Diversified natural resources group Eurasian Resources Group (ERG) has concluded an agreement with electricity company Société Nationale d’Électricité (SNEL) for the supply of 41 MW of electricity for its Frontier mine, in the Democratic Republic of the Congo (DRC). SNEL will source the... 

Congo's 9-mth copper output up 8.7%, cobalt nearly doubles

By: Reuters     23rd November 2018 Copper output in Democratic Republic of Congo rose 8.7% year on year through the first nine months of 2018 to 908 695 tonnes while cobalt production jumped 92.5% to 115 116 tonnes, the central bank said on Thursday. Congo is Africa's top copper producer and the world's leading miner of cobalt,... 

BASF makes low-nickel wager amid scramble for battery metals

By: Reuters     23rd November 2018 German chemicals giant BASF is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market. It is part of flurry of activity in the sphere of cathodes materials, a major... 

NWT govt selects proponent to build Tlicho road

By: Creamer Media Reporter      16th November 2018 The Northwest Territories government has selected its preferred proponent to fund, construct, operate and maintain the Tlicho all-season road, which TSX-listed Fortune Minerals will use for its Fortune cobalt/gold/bismuth/copper mine project. The preferred proponent is North Star Infrastructure,... 

DRC lifts export ban on Glencore's copper and cobalt unit 

By: Bloomberg     16th November 2018 A Glencore unit in the Democratic Republic of Congo (DRC) had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country. “They submitted a request,” Jean Baptiste Nkongolo Kabila, director general of Congo’s custom’s agency, said Thursday by phone.... 

China plumbs ocean depths to extend its cobalt lead

By: Reuters     15th November 2018 China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific. The cobalt-rich crusts could one day curb the world's dependence on cobalt... 

China plumbs ocean depths to extend its cobalt lead

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Lithium/cobalt juniors contemplate amalgamation

By: Mariaan Webb     13th November 2018 Canadian Securities Exchange-listed exploration juniors Tantalex Resources and International Cobalt Corp (ICC) are considering amalgamating their businesses, joining their operations in the Democratic Republic of Congo (DRC) and the Idaho Cobalt belt, in the US. Cobalt- and lithium-focused... 

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