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Cobalt News

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Cobalt Blue seeks to reassure investors on Thackaringa BFS timing

By: Mariaan Webb     19th September 2018 ASX-listed explorer Cobalt Blue on Wednesday moved to reassure investors about the timeline for the Thackaringa joint venture (JV) project, a day after CEO Joe Kaderavek said in a letter to shareholders that an independent review has concluded that more pre-bankable feasibility study (BFS)... 

Congo expects declaration on strategic metals by end of October

By: Bloomberg     18th September 2018 The Democratic Republic of Congo expects to issue a decree identifying strategic metals by the end of October, a government official said. Congo’s government has said it’s preparing to categorize cobalt and other metals as strategic, imposing a 10% royalty tax on producers including Glencore and... 

New Voisey’s Bay royalty calculation agreed on

By: Marleny Arnoldi     17th September 2018 TSX-listed Altius Minerals and Nasdaq-listed Royal Gold have entered into an agreement with Vale Canada to settle litigation related to the calculation of the royalty in respect of all concentrates produced from the Voisey’s Bay mine, in Newfoundland and Labrador. The Voisey’s Bay 3% net... 

Congo Mines Minister sees strategic-metals decision 'very soon'

By: Bloomberg     14th September 2018 The Democratic Republic of Congo’s government will soon announce which minerals are to be designated “strategic” and subject to a 10% royalty rate, the mines minister said. Congo’s updated mining code, signed by President Joseph Kabila in March and applied since regulations were finalized in... 

New exploration licences validated

14th September 2018 Canada-based diversified miner Maxtech Ventures last month announced that its Zambian mining operation, Maxtech Mining Zambia’s two large-scale exploration licences have been validated by the Minister of Mines and Mineral Development of Zambia. The first large-scale exploration licence is for an... 

New exploration  licences validated
Photo by Creamer Media
HIGH-GRADE MANGANESE Maxtech Ventures’ two specific licence areas have shown the potential for high-grade manganese mineralisation of up to 70% manganese

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

Congo plans to build special economic zone for cobalt users

By: Bloomberg     12th September 2018 The Democratic Republic of Congo plans to establish special economic zones for companies that manufacture goods from the country’s minerals, President Joseph Kabila said. “There is a need to create special economic zones for the final users of Congolese natural resources,” Kabila said at a... 

Congo Mines Minister insists no compromise on new mining code

By: Reuters     12th September 2018 Democratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry... 

Congo Mines Minister insists no compromise on new mining code
Photo by Reuters
DRC Mines Minister Martin Kabwelulu

Global Energy sets sight on US cobalt project

By: Mariaan Webb     12th September 2018 Cobalt-focused Global Energy Metals is set to acquire a past-producing mine and project that are about 150 km from the gigafactory that electric vehicle manufacturer Tesla is building in Sparks, Nevada. Global Energy, which already owns the Werner Lake cobalt mine in Ontario, Canada, and an... 

Congo mining revenues triple in H1; oil revenues fall by a third

By: Reuters     10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

RNC proceeds with update of 2013 Dumont study

By: Creamer Media Reporter      5th September 2018 TSX-listed RNC Minerals has awarded a contract to Ausenco Engineering Canada to update the feasibility study for the Dumont nickel/cobalt project, in Quebec, with results set to be announced in the first half of next year. The feasibility study update will maintain the same project scope,... 

Strategic Minerals channels focus to battery-related metals

By: Creamer Media Reporter      3rd September 2018 Aim-listed Strategic Minerals on Monday announced an in-principle agreement to sell its gold tenements in Australia to ASX-listed Great Southern Mining, as it sharpens its focus on battery-related metals. The tenements are currently owned by Strategic Minerals subsidiary Central Australian Rare... 

Continuous ion exchange technology projects achieve milestones

By: Tasneem Bulbulia     31st August 2018 Minerals processing equipment supplier Multotec Process Equipment (Multotec) has secured its first two projects for the continuous ion exchange technology it offers, and is achieving notable progress in both, Multotec senior process engineer Carien Spagnuolo tells Mining Weekly. The technology is... 

Continuous ion exchange technology projects achieve milestones
PIONEER PROJECT Multotec installed and is commissioning an effluent treatment plant for the treatment of wastewater at an antimony roaster in Oman, in the Middle East

Red Rock interest in JVCo increases to 50.1%

By: Simone Liedtke     30th August 2018 Natural resource development company Red Rock Resources will increase its interest in a joint venture company (JVCo), which will be formed for the exploitation of copper and cobalt tailings and dumps near Kolwezi, in the Democratic Republic of Congo (DRC), to 50.1%. Pursuant to the agreement, Red... 

African Battery Metals shifts focus to nickel/cobalt, relinquishes Sierra Leone projects

By: Marleny Arnoldi     30th August 2018 Aim-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. The company believes there are attractive long-term market fundamentals for... 

Why battery miners are swarming Europe’s biggest rock collection

By: Bloomberg     30th August 2018 Being home to Europe’s biggest rock collection has finally come in handy for Sweden amid the global race for the scarce metals that power electric cars. For more than a century, the Nordic nation has accumulated thousands of ore samples—so many that if they were laid end to end, they’d stretch... 

Why battery miners are swarming Europe’s biggest rock collection
Photo by Bloomberg
Deposits of Scheelite illuminate under ultraviolet light.

Namibia Critical Metals to start cobalt/copper drilling before end-Sept

By: Marleny Arnoldi     28th August 2018 TSX-V-listed Namibia Critical Metals has identified multiple prospective targets at its Kunene cobalt/copper project, in Namibia, following the completion of an airborne electromagnetic survey covering 4 200 line kilometers. The survey data shows clear conductive trends associated with... 

Eastern Iron takes an option in cobalt

By: Esmarie Swanepoel     28th August 2018 ASX-listed Eastern Iron has entered into an option agreement with junior Heavy Metal Exploration to acquire an interest in the Mt Cobalt Corridor project, in Queensland. Eastern Iron would be required to pay a call option fee of A$10 000 by September 11 to have an exclusive option to acquire an... 

Trilogy expands drilling programme at Alaska copper/cobalt project

By: Mariaan Webb     24th August 2018 With the backing of partner South32, explorer Trilogy Metals will expand its drilling programme at the Bornite copper/cobalt project, in Alaska, with two more drilling rigs to be added, the TSX-listed company announced on Thursday. South32 has agreed to increase its contribution to this year’s... 

Construction advancing on eCobalt’s Idaho project

By: Anine Kilian     17th August 2018 Construction at eCobalt Solutions’ Idaho cobalt project, in the Idaho cobalt belt, continues to advance on time and on budget, the company said on Thursday. “Very good progress has been made at the project by our exceptional team of mining professionals,” CEO Paul Farquharson said in statement on... 

Canada Cobalt produces first cobalt sulphate from Castle mine

By: Schalk Burger     17th August 2018 TSX-listed Canada Cobalt Works produced the first premium-grade cobalt sulphate from its 100%-owned Castle mine, in Northern Ontario, using its proprietary Re-2OX process.  President and CEO Frank Basa said in a statement on Thursday that pilot plant production of cobalt/nickel-rich gravity... 

Cobalt prices stabilising – ERG

By: Anine Kilian     16th August 2018 The recent price adjustment in the cobalt market represents a logical and short-term correction to the heightened speculative activity earlier this year, says Eurasian Resources Group (ERG) CEO Benedikt  Sobotka. Cobalt metal prices jumped in excess of 120% between 2016 and 2017, a sign of strong... 

Cobalt prices stabilising  – ERG
ERG CEO Benedikt Sobotka

Battery boom spurs quest to resurrect World War II cobalt mines

By: Bloomberg     15th August 2018 The giant rocky outcrop known by locals as La Cobaltera offers a glimpse into northern Chile’s mining past, and a hint of its future. Slag from an ancient furnace is piled at the entrance of a mine shaft that hasn’t seen commercial activity since World War II. Inside, eucalyptus posts still... 

Battery boom spurs quest to resurrect World War II cobalt mines

Lithium-ion batteries, energy storage on strong demand growth trajectory

By: Marleny Arnoldi     13th August 2018 The automotive industry’s use of lithium-ion batteries is on track to grow seven-fold to 650 GWh by 2025, from 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this, says specialist international publisher Metal Bulletin. It adds that the electrification of... 

Lithium-ion batteries, energy storage on strong demand growth trajectory

Increased exploration spend boosts services demand

By: Donald Makhafola     10th August 2018 Mining activities and the number of exploration projects in Australia have been steadily increasing since 2017, and this has, subsequently, resulted in an increased demand for South African airborne geophysics technology provider Spectrem Air’s services, says Spectrem Air GM Louis Polomé.... 

Increased exploration spend boosts  services demand
INTERNATIONAL ATTENTION Spectrem Air is focused on international projects, especially in Australia, where exploration spend is steadily increasing

ASX demands shareholder approval for Winmar deals

By: Esmarie Swanepoel     9th August 2018 ASX-listed Winmar Resources will require shareholder approval for its transaction with African Holding Investment Company for a 50% interest in the Luapula cobalt processing facility, in the Democratic Republic of Congo. The company on Friday said that it had been informed by the ASX that the... 

Katanga’s H1 copper, cobalt revenues rise

By: Anine Kilian     8th August 2018 TSX-listed Katanga Mining on Wednesday reported that its copper revenue for the first half of this year increased to $350.86-million, compared with $3 000 in the first half of 2017, while its cobalt revenue increased to $141.1-million, from zero revenue in the first half of the prior year. “The... 

ABM to acquire Cameroon, Côte d’Ivoire base metals assets

By: Nadine James     8th August 2018 Aim-listed African Battery Metals (ABM) has conditionally agreed to acquire Cobalt Blue Holdings (CBH) and Regent Resources Interests Corporation (RRIC), which hold highly prospective base metals exploration assets in Cameroon and Côte d’Ivoire, respectively. CBH holds four prospecting licences... 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Glencore darts ahead of diversified rivals
Glencore CEO Ivan Glasenberg

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Gender-inclusive workplaces facilitate mining, community prosperity

By: Tasneem Bulbulia     3rd August 2018 There is growing recognition of the important role that women play in their communities and families in developing countries, which should, subsequently, also foster changes in the world of work, particularly mining, to accommodate more women, says globally diversified natural resources company... 

Gender-inclusive workplaces facilitate mining, community prosperity
Photo by Bloomberg
CHALLENGING FACTOR A prevalent problem in the Democratic Republic of Congo is illegal artisanal mining of copper and cobalt around Glencore’s operations

NiWest to cost A$966m

By: Esmarie Swanepoel     2nd August 2018 A prefeasibility study (PFS) into the NiWest nickel/cobalt project, in Western Australia, has estimated that the project could produce 456 000 t of nickel and 31 400 t of cobalt over a 27-year mine life, based on a nameplate processing capacity of 2.4-million tonnes a year. Owner GME Resources... 

ERG secures electricity supply for DRC copper/cobalt operations

By: Anine Kilian     1st August 2018 Metalkol, a cobalt and copper tailings reprocessing project and a low-cost hydrometallurgical facility owned by Eurasian Resources Group (ERG), has signed an agreement to secure electricity supply for its operations in the Democratic Republic of the Congo (DRC) for up to ten years.   

Sherritt sees soft cobalt prices as temporary trend

By: Reuters     1st August 2018 Sherritt International Corp said on Tuesday that recent weakness in the price of cobalt, a key material in rechargeable batteries, is expected to be temporary as demand continues to grow from the electric vehicle market. Toronto-based Sherritt said prices softened in the second quarter on... 

Katanga on track to achieve full-year guidance

By: Simone Liedtke     31st July 2018 During the second quarter of this year, TSX-listed Katanga Mining made progress with the high-grade clarifier, receiving thickener and the post-leach clarifier that form part of the whole ore leach (WOL) project at subsidiary Kamoto Copper Company’s copper/cobalt mine, in the Democratic Republic... 

Battery chemical surplus sparks plunge in cobalt price

By: Reuters     31st July 2018 A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Glencore copper, zinc ramp-ups paying off in production numbers
Glencore's Koniambo mine in New Caledonia
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