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Cobalt News

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... 

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 Iannucci     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 Iannucci     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

Ecobalt investors call for sale, new management on delays

By: Reuters     30th July 2018 Two large shareholders in Canada's Ecobalt Solutions are calling for a change in senior management or the launch of a sales process, saying ongoing mine development delays are wasting a windfall from high battery sector demand. Australian hedge fund Tribeca Investment Partners, which said it... 

Outgoing Albemarle executive to join Chilean cobalt miner

By: Reuters     25th July 2018 Privately held clean energy investor Glenlith said on Wednesday that it hired outgoing Albemarle Corp executive John Mitchell to run its Chilean cobalt subsidiary. Mitchell, who has run Albemarle's lithium business since 2015, will join Glenlith's Chilean Cobalt Corp subsidiary next month,... 

RNC selects preferred bidder for WA mine

By: Creamer Media Reporter      23rd July 2018 Canadian miner RNC has completed the second phase of the sales process of its Beta Hunt gold and nickel mine, in Western Australia, with the selection of a preferred bidder. RNC has granted exclusivity to the bidder, which was not named, to allow for completion of the final phase of the sale... 

Winmar buys into DRC cobalt processing facility

By: Esmarie Iannucci     23rd July 2018 ASX-listed Winmar Resources has signed a head of agreement with African Holding Investment Company for a 50% interest in the Luapula cobalt processing facility, in the Democratic Republic of Congo. The processing facility, which was constructed in 2014 at a capital cost of $80-million, is a... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Iannucci     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

BHP beats production expectations; warns of $650m Samarco charge
BHP CEO Andrew Mackenzie

‘Peak’ cobalt is not on the horizon – S&P’s Global Market Intelligence

By: Marleny Arnoldi     16th July 2018 Peak cobalt is not on the horizon, says Standard & Poor’s (S&P’s) Global Market Intelligence metals and mining research analyst Michael Giblin.  

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Mining pursuing optimisation, innovation to increase profits

By: Erin Steenhoff-Snethlage     13th July 2018 Sandton-based chemical reagent supplier and distributor Axis House believes mining in Africa is moving towards process optimisation through innovation to reduce costs and increase profits, explains Axis House group general manager Justine Stubbs. “Mines are optimising various processes to achieve... 

Platina finds site for Owendale plant

By: Esmarie Iannucci     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Arc lifts Zamsort stake to 66%

By: Creamer Media Reporter      11th July 2018 Aim-listed Arc Minerals has acquired a further 5% interest in Zamsort, the operator of the Kalaba copper/cobalt project, in Zambia. It now owns 66% of Zamsort, with the other 34% interest held by Kopara Investments. 

Pace change at Collerina Cobalt's NSW project

By: Esmarie Iannucci     10th July 2018 ASX-listed Collerina Cobalt has placed plans for a nickel/cobalt project at its Collerina deposit, in New South Wales, on hold in lieu of a high purity alumina (HPA) project. The company this week told shareholders that prefeasibility study (PFS) testwork at the Collerina project has identified a... 

Battery-skeptic funds wait out cobalt rally seen as fleeting

By: Bloomberg     9th July 2018 Call them battery skeptics. Bets on surging demand for electric vehicles have made cobalt and lithium hot commodities, but some investors say the outlook is leaving them cold. While prices have more than doubled in the past three years on worries over shortages of the metals used in batteries,... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

US probe darkens Glencore's horizons from Africa to Americas

By: Bloomberg     4th July 2018 The US corruption and money-laundering probe into Glencore Plc represents the sum of all fears for the world’s largest commodity trader and its billionaire CEO Ivan Glasenberg. The possibility that the Justice Department would add to the dizzying array of regulatory and legal headaches the Swiss... 

Thakaringa gets a A$550m price tag

By: Esmarie Iannucci     4th July 2018 The Thackaringa cobalt project, in South Australia, is expected to require a capital investment of A$550-million to develop a 5.25-million tonne a year plant. ASX-listed Cobalt Blue on Wednesday revealed that the project would produce some 3 657 t/y metal in sulphate, and life-of-mine totals of... 

Congo court suspends hearing on Glencore-owned cobalt mine

By: Bloomberg     2nd July 2018 A court in the Democratic Republic of Congo suspended a hearing about a lawsuit brought by a former shareholder of a Glencore-owned cobalt and copper mine. The case was put on hold pending a decision by the country’s Court of Appeal on whether the High Court should have jurisdiction over the... 

Mining investors spooked as African dispute payments multiply

By: Bloomberg     28th June 2018 Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors. A $150-million payment by Glencore’s Katanga Mining to the Democratic Republic of Congo’s Gecamines earlier this month followed Freeport McMoRan’s separate... 

Arc sells holding in noncore Andiamo

By: Anine Kilian     26th June 2018 Aim-listed Arc Minerals has sold its interest in Andiamo Minerals to Africa-focused mining private equity group AMED Funds for $532 000. Arc chairperson Nick von Schirnding said in a statement on Tuesday that the sale represented a major step forward in delivering on the company’s stated strategy... 

eCobalt continues with metallurgical optimisation testing of ICP ore

By: Mariaan Webb     26th June 2018 Bench-scale test work has indicated that Canadian junior eCobalt could use a rotary kiln to produce low arsenic cobalt concentrate from the ore found at its Idaho Cobalt Project (ICP), in the US. The tests, conducted by Expert Processing Solutions, have demonstrated that a 0.2% residual arsenic... 

Indian State-owned firms mandated to acquire overseas lithium and cobalt assets

By: Ajoy K Das     22nd June 2018 The Indian government has mandated all State-owned mineral-based companies to pool their resources to acquire lithium and cobalt assets overseas. A rough deadline of March 2019 has been set for these companies to complete all formalities, such as leveraging their balance sheets jointly, form... 

Cobalt explorers see Congo mine law offset by price, high grades

By: Bloomberg     21st June 2018 Junior miners exploring for cobalt in the Democratic Republic of Congo (DRC) reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed. Congo, the world’s largest source of the metal, this month began implementing an... 

Brixton to spin out cobalt assets into standalone battery metals company

By: Mariaan Webb     20th June 2018 TSX-V-listed Brixton Metals has announced its intentions to spin out its past producing cobalt projects in Ontario into a standalone listed company, which will also focus on other battery metals, including vanadium. The potential spinout, announced on Wednesday, aims to tap into the strong growth... 

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