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Cobalt News

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

Impact, Consensas partner to develop solutions to ensure conflict-free mineral sourcing

By: Marleny Arnoldi     12th April 2018 Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain... 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

LG Chem cobalt deal sets tone for battery cathode market

Miners insist on rewrite of Congo mining code to protect exemptions

By: Reuters     6th April 2018 International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself,... 

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

By: Henry Lazenby     5th April 2018 Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong grades over narrow intervals. The reported results were fairly shallow tests of the Woods Extension... 

Mackenzie Valley review board OKs Tlicho all-season road; a boon for Fortune

By: Henry Lazenby     5th April 2018 The Mackenzie Valley Environmental Impact Review Board has completed an environmental assessment of the Tlicho all-season road project, proposed by the Northwest Territories government, subject to 23 measures to reduce its environmental, social and cultural impacts. The conditional approval was... 

Trafigura signs cobalt offtake deal with Shalina Resources subsidiary

By: Reuters     4th April 2018 Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide until December 2020 with Shalina Resources and its subsidiary Chemaf based in the Democratic Republic of Congo, Chemaf said in a statement on Wednesday. Chemaf produced about 5 000 tonnes of cobalt last year with... 

Ex-Microsoft manager lands Responsible Cobalt Initiative role

By: Reuters     29th March 2018 A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the US tech giant's programme for the responsible... 

Private capital carves out mining niche with specialist focus

By: Henry Lazenby     28th March 2018 Generalist investment funds are having a hard time keeping up with the success private capital lenders have enjoyed in the mining space in recent quarters, with private equity firms carving out their niche by being specialists at their game. The generalist funds are underwriting real estate and... 

Private capital carves out mining niche with specialist focus

Profit at China's Jinchuan International surges on higher cobalt, copper prices

By: Reuters     28th March 2018 Chinese miner and metals trader Jinchuan Group International Resources said on Tuesday its 2017 net profit was almost five times bigger than a year earlier due to higher cobalt and copper prices. Jinchuan, which operates the Ruashi copper and cobalt mine, in the Democratic Republic of Congo, and... 

Cobalt upstarts add capacity in Congo as prices triple

By: Bloomberg     27th March 2018 A little-known cobalt miner in the Democratic Republic of Congo plans to ramp up output so fast it will soon be out-produced only by industry leader Glencore. Chemaf, a closely held Lubumbashi-based company, and several other firms are capitalizing on a boom in demand that’s transforming small... 

Cobalt upstarts add capacity in Congo as prices triple

Congo's 2017 mining revenue up 36% while oil revenue doubles

By: Reuters     26th March 2018 Democratic Republic of Congo's 2017 mining sector revenue rose 35.6% to $822.2-million while revenue from the oil and gas sector jumped by 103% to $203.9-million, finance ministry data showed. Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as... 

Glencore faces off against labour group on Congo mine conditions

By: Bloomberg     26th March 2018 Commodity giant Glencore defended working conditions at its mines in the Democratic Republic of Congo after an international labour federation said its employees are poorly treated and underpaid. The spat with Geneva-based IndustriALL, a global union federation that says it represents more than... 

SLAM stakes new cobalt project in Bathurst Mining Camp

By: Henry Lazenby     23rd March 2018 Base metals-focused project generator SLAM Exploration's shares jumped 50% on Friday after the junior announced that it had acquired a new cobalt exploration property in the Bathurst Mining Camp of New Brunswick through claim staking. The Miramichi, New Brunswick-based explorer said it had staked... 

Congo mines minister rejects industry proposal to retain exemptions

By: Reuters     23rd March 2018 Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to retain exemptions and scrap some taxes in exchange for higher royalties than those in a new mining code, calling the taxes "untouchable". Mines Minister Martin Kabwelulu was reacting to a proposal... 

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

First Cobalt undertakes study to assess mine waste rock; success could impact overall strategy

By: Henry Lazenby     21st March 2018 ASX- and TSX-V-listed First Cobalt has launched a metallurgical study on the high-grade inventory of refinery residue and crushed waste rock material located near the company’s mill facility, located in the Canadian Cobalt Camp, in Ontario. First Cobalt has partnered with Dundee Sustainable... 

First Quantum steadies as CEO hopeful of escaping giant tax bill 

By: Bloomberg     21st March 2018 First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

Chinese control of cobalt supply risk for EU car industry – Glencore

By: Reuters     20th March 2018 Glencore chief executive Ivan Glasenberg said that the automotive industry is waking up too late to the fact that the Chinese will hold most of the world's global cobalt supply, a key metal for electric vehicle (EV) batteries. "If cobalt falls in hands of the Chinese, yeah you won't see EVs being... 

Winmar raises cash for cobalt buy

By: Esmarie Swanepoel     20th March 2018 ASX-listed Winmar Resources will raise some A$3.1-million through a share placement to fund a due diligence on a potential new cobalt acquisition, in the Democratic Republic of Congo. The company on Tuesday said that it will issue more than 425.2-million shares, under its current placement... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Battery makers descend on Australia, Canada cobalt developers

By: Reuters     19th March 2018 Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly... 

Rare earths company acquires critical metals portfolio in Namibia

16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

Lawyer hails Mantashe appointment, govt resolve to cooperate with mining

By: Nadine James     16th March 2018 Recent political changes, not least the appointment of Gwede Mantashe as Mineral Resources Minister, combined with the Ramaphosa administration’s seeming resolve to collaborate with industry, particularly the Chamber of Mines (CoM), have resulted in a “cautious optimism” for mining stakeholders,... 

Lawyer hails Mantashe appointment,  govt resolve to cooperate with mining
GEORG KAHLE Mantashe’s commitment to ensuring that an agreement on the charter is reached by June, should result in the legislature’s making the necessary amendments to the MPRDA

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Cobalt to be declared a strategic mineral in the DRC

By: Reuters     15th March 2018 Democratic Republic of Congo will declare cobalt and coltan, used in electric vehicle and renewable energy technology, as "strategic" minerals which will earn the country higher royalties, an adviser to the Prime Minister said on Wednesday. A new mining code was signed into law on Friday by... 

First Cobalt buys Idaho explorer in race to tap battery boom

By: Bloomberg     15th March 2018 First Cobalt is seeking to speed up its timetable to begin producing cobalt, riding the wave of interest in the metal used in electric-vehicle batteries and smartphones. The Vancouver-based exploration company agreed to buy explorer US Cobalt, which has properties in Idaho, in an all-stock deal... 

Glencore signs massive cobalt sale deal with China's GEM

By: Reuters     15th March 2018 Glencore, the world's biggest producer of cobalt, has agreed to sell around a third of its cobalt production over the next three years to Chinese battery recycler GEM Co, according to a filing by GEM on Wednesday. Glencore will sell 52 800 t of cobalt hydroxide to GEM between 2018 and 2020 as... 

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

China's enviro policies, EV growth two megatrends to boost most commodities

By: Henry Lazenby     13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... 

China's enviro policies, EV growth two megatrends to boost most commodities
Photo by Bloomberg
Cobalt metal nuggets

Investors hunting cobalt deals approached Sherritt, CEO says

By: Bloomberg     13th March 2018 Sherritt International has been approached by investors seeking to buy a share of its cobalt production as a way of gaining exposure to the red-hot battery metal, the Canadian miner’s CEO said. Cobalt is rapidly becoming an investor darling as expectations of a shortage driven by the growth of... 

eCobalt appoints process manager

By: Creamer Media Reporter      13th March 2018 eCobalt Solutions is accelerating the development of its flagship Idaho project with the appointment of Darby Stacey as the mill and processing manager. Stacey will be responsible for leading all of the company's mineral processing and metallurgical activities in the historic Idaho Cobalt Belt,... 

LME rethinks cobalt contract for electric vehicle sector

By: Reuters     9th March 2018 The London Metal Exchange has abandoned plans for a cobalt sulphate contract for the electric vehicle battery supply chain because pricing for the chemical has historically been based on the metal it is derived from, cobalt industry sources said. The exchange is instead looking at offering a... 

LME rethinks cobalt contract for electric vehicle sector

Study elevates importance of Orion’s Jacomynspan deposit

By: Megan van Wyngaardt     8th March 2018 A geological reevaluation of the ultramafic intrusive hosted Jacomynspan nickel/copper/cobalt deposit, undertaken on behalf of dual-listed Orion Minerals, has highlighted important findings that elevate the importance of this district as a compelling target for exploration. Orion MD and CEO Errol... 

Amur kicks off Kun-Manie access road programme

By: Creamer Media Reporter      8th March 2018 Aim-listed Amur Minerals has started the development process for its 350 km access road that will link its Kun-Manie project site to the Ulak rail station on the Baikal-Amur rail line. The company has engaged Cevi Constuzioni (CC) to undertake the inaugural step in the design of the road.... 

Congo's Kabila to sign new mining code soon after meeting with miners

By: Reuters     8th March 2018 Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining... 

Congo's Kabila to sign new mining code soon after meeting with miners
Photo by Reuters
DRC President Joseph Kabila

A$150m raised to accelerate New South Wales cobalt/nickel project

By: Mariaan Webb     8th March 2018 ASX-listed Clean TeQ has raised A$150-million in an underwritten institutional placement at A$1.15 a share to fund early works and long-lead items for the Sunrise nikel/cobalt/scandium project, in New South Wales. The company is pursuing an expedited development timetable to take advantage of... 

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