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Cobalt News

Nornickel expands Finland nickel refinery to supply EV market

By: Mariaan Webb     Updated 1 hour 8 minutes ago Mining company Nornickel has announced an expansion of production from its nickel refinery in Finland in response to growing demand for responsibly produced electric vehicle (EV) battery materials in Europe. In Phase 1, nickel output at the Harjavalta refinery will increase from 65 000 t/y to 75... 

CATL takes stake in DRC cobalt mine for $137.5m 

By: Reuters     12th April 2021 Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) said on Sunday its subsidiary would take a stake in China Molybdenum Co's Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) for $137.5-million. The investment gives CATL access to one of the world's largest... 

CATL takes stake in DRC cobalt mine for $137.5m

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA
Hydrogen South Africa hydrogen ventilation research site in North West.

First Nations declare moratorium on Ring of Fire mining

By: Creamer Media Reporter      6th April 2021 The Attawapiskat, Fort Albany and Neskantaga First Nations in the James Bay lowlands have declared a moratorium development in the Ring of Fire, stating that their territories and rights could be “seriously and permanently desecrated” by large scale mining. The First Nations argue that... 

First Nations declare moratorium on Ring of Fire mining

Saudi Arabia of cobalt: Congo eyes battery-metal price power

By: Bloomberg     6th April 2021 Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions.... 

Saudi Arabia of cobalt: Congo eyes battery-metal price power

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden infrastructure plan targets electric cars, clean power

By: Bloomberg     1st April 2021 President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the US economy while combating climate change. The president’s plans, part of a $2.25-trillion infrastructure and stimulus blueprint he is... 

Biden infrastructure plan targets electric cars, clean power
US President Joe Biden

State company ramps up efforts to support artisanal cobalt mining in the DRC 

By: Tasneem Bulbulia     31st March 2021 Democratic Republic of Congo (DRC) State-owned company Entreprise Générale du Cobalt (EGC) on March 31 officially launched its activities to support the commercialisation of responsibly sourced artisanal cobalt in the country. EGC, a subsidiary of Gécamines, was established in November 2019,... 

First Cobalt progresses into exclusivity phase for $45m in debt

By: Creamer Media Reporter      31st March 2021 TSX-V-listed First Cobalt has entered into an exclusivity agreement with a financial institution for $45-million in debt financing to fund the capital cost relating to the recommissioning and expansion of its refinery in Ontario. The exclusivity period provides the basis for which the lender... 

First Cobalt concludes offtake contract for 100% of production

By: Creamer Media Reporter      30th March 2021 Canada’s First Cobalt has an offtake agreement with cobalt trader Stratton Metal Resources for the sale of future cobalt sulphate production from its refinery in Ontario, the TSX-V-listed company announced on Monday. First Cobalt will have the option to sell up to 100% of its yearly production... 

First Cobalt concludes offtake contract for 100% of production

Newest battery-metal IPO taps rising interest in the deep sea

By: Bloomberg     29th March 2021 Rising investor demand for ethically-sourced battery metals opened the window this week for Norwegian seafarers to become the first deep-sea mining stock publicly offered. Norway’s Green Minerals says it will be able to exploit the cobalt and copper needed by electric vehicles without inflicting... 

Newest battery-metal IPO taps rising interest in the deep sea

London trader Stratton to sell First Cobalt's refinery output in 5-yr deal

By: Reuters     29th March 2021 London-based metals trader Stratton Metal Resources will sell cobalt sulphate produced by First Cobalt's Canadian refinery under a five-year deal, a source with direct knowledge of the arrangement said on Sunday. Contract terms including price and quantity were not immediately known. Under the... 

First Cobalt to issue shares to Glencore to repay $5.5m debt

By: Reuters     26th March 2021 Canada's First Cobalt Corp entered into a deal with Glencore Plc's unit under which it will repay an existing loan of about $5.5-million by issuing shares, the cobalt miner said on Friday. First Cobalt will issue 23.8 million common shares to Glencore AG at $0.29 per share, representing about... 

Santo Domingo gold stream, port and potential rail deals could cut capex by $700m

By: Mariaan Webb     26th March 2021 Vancouver-based Capstone Mining on Thursday announced three agreements to advance the Santo Domingo project, in Chile, including a $290-million gold stream with Wheaton Precious Metals, a binding port deal and the consolidation of its ownership in the project. The $1.5-billion copper project... 

Canada tightens takeover rules for critical minerals

By: Reuters     25th March 2021 Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, a government spokesperson said on Thursday, ahead of an expected surge in demand for metals used to make electric vehicles. The move comes as the US government works with Canada to boost... 

Canada tightens takeover rules for critical minerals

Africa hosts considerable potential for green hydrogen

By: Tasneem Bulbulia     25th March 2021 While there may be many challenges, Africa has the potential to leapfrog in terms of decarbonisation and to capitalise on opportunities presented by green hydrogen, African Hydrogen Partnership secretary general Vincent Oldenbroek has said. Speaking on the second day of a two-day green hydrogen... 

Arc raises £1.8m

By: Donna Slater     24th March 2021 Aim-listed copper and cobalt explorer and developer Arc Minerals has raised gross proceeds of £1.8-million. The funds will be used for working capital and to fund extra-deep drilling at the company’s projects of Cheyeza and Muswema, both in Zambia. The funds will also go towards a potential... 

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling advancing mechanisation for two top-tier local clients
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Orion confirms viability of openpit mining at Jacomynspan

By: Marleny Arnoldi     23rd March 2021 ASX- and JSE-listed Orion Minerals has announced that a shallow high-grade nickel/copper/cobalt/platinum group metal intercept confirms strong openpit mining potential at the Jacomynspan project, in South Africa’s Northern Cape province. The company reports that the intersection starts from... 

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling in muted but resilient 2020 performance
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

QPM raises A$15m for TECH

By: Esmarie Iannucci     22nd March 2021 ASX-listed Queensland Pacific Metals has completed a A$15-million capital raising through share placement to institutional and sophisticated investors. The company on Monday told shareholders that it has placed more than 187.5-million shares, at a price of 8c each, with the shares to be placed... 

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development 

By: Donna Slater     19th March 2021 LSE-listed sustainable technologies company Johnson Matthey and JSE- and NYSE-listed gold and platinum group metals (PGMs) miner Sibanye-Stillwater have formed a strategic partnership to secure critical metals and accelerate new battery technologies for a low-carbon future. The collaboration will... 

Sibanye, Johnson Matthey partner to boost battery technology, low-carbon development

EVs will cost more using ethically sourced batteries

By: Bloomberg     15th March 2021 The European Union’s efforts to ethically source a key battery metal is facing headwinds that could make it more expensive for automakers to go electric. Cobalt is the battery metal at the highest risk of being exploited in ways that damage the health of people and the environment. Most of the... 

EVs will cost more using ethically sourced batteries

Local battery material champions planning first-mover advances into new geographies 

By: Martin Creamer     15th March 2021 South Africa’s team of local battery material champions are planning first-mover advances into new geographies. Mining Weekly can today report that Thakadu Battery Materials, which is producing high-purity battery-grade nickel sulphate for export, has a pipeline of new projects in place that will... 

Local battery material champions planning first-mover advances into new geographies
Thakadu Battery Materials CEO Ruli Diseko

Booming electric vehicle sales drive surge in cobalt prices

By: Reuters     15th March 2021 Demand and prices for battery material cobalt are soaring as electric vehicles stream out of showrooms in China and Europe, with little prospect of a significant reversal as drivers and governments move to cut carbon emissions. The price of the metal stands at $53,000 per tonne, up 65% this... 

Australian resources still abundant - AIMR

By: Esmarie Iannucci     15th March 2021 The latest edition of Australia’s 'Identified Mineral Resources' (AIMR) report has reaffirmed Australia position as one of the world’s top producers of key critical minerals. Minister for Resources, Water and Northern Australia Keith Pitt at the end of last week said that Geoscience Australia’s... 

Australian resources still abundant - AIMR

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

Just clearing exploration backlog would be huge leap forward – Miller
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo Pacific says 'ideal time' to invest in cobalt

By: Creamer Media Reporter      12th March 2021 LSE- and TSX-listed Anglo Pacific has completed the acquisition of a 70% net interest in a stream on cobalt production from the Voisey's Bay mine in Canada from private equity sellers for a cash consideration of $205-million and further contingency of up to $27-million. “The transaction is not... 

Anglo Pacific says 'ideal time' to invest in cobalt
Voisey's Bay in Canada

Canada targets 31 critical minerals for domestic production

By: Mariaan Webb     12th March 2021 Natural Resources Minister Seamus O’Regan has announced the release of a Canadian critical minerals list, signalling to investors where the country’s focus will be in the global race to shore up supply of minerals that will drive the transition towards a low-carbon future. The list, announced... 

Canada targets 31 critical minerals for domestic production
Canadian Natural Resources Minister Seamus O'Regan

Ontario seeks to capitalise on growing demand for critical minerals

By: Mariaan Webb     11th March 2021 The Ontario government is developing its first-ever critical minerals strategy to help generate investment, increase the province's competitiveness in the global market, and support its transition to a low-carbon economy. Announcing the initiative at the Prospectors and Developers Association’s... 

Ontario seeks to capitalise on growing demand for critical minerals

ESG inherently part of EV evolution – PDAC panel

By: Donna Slater     10th March 2021 The factors of environment, social and corporate governance (ESG), now more than ever, are critical to move away from fossil fuels and towards energy efficiency, a panel of experts concurred at a major Canadian mining conference on Tuesday. Speaking during the 2021 edition of the Prospectors and... 

ESG inherently part of EV evolution – PDAC panel
E3 Metals Corp Corporate Affairs & Exploration VP Liz Lappin

Energy Secretary Granholm says US needs to produce more EV minerals

By: Reuters     10th March 2021 US Secretary of Energy Jennifer Granholm on Tuesday said the United States needs to boost domestic production of the minerals used to make electric vehicles, so long as it is done sustainably. The United States has been trying to wean its automobile supply chain off of China and other countries... 

Energy Secretary Granholm says US needs to produce more EV minerals
US Secretary of Energy Jennifer Granholm

Canada positioning for post-Covid-19 recovery with critical minerals push – O’Regan

By: Donna Slater     9th March 2021 Canada is using its measures to recover from the Covid-19 pandemic to position itself as a haven for new technology and battery minerals, boasting a wealth of such minerals found in few other places around the globe, said Natural Resources Minister Seamus O’Regan. He gave the keynote address at... 

Canada positioning for post-Covid-19 recovery with critical minerals push – O’Regan
Natural Resources Minister Seamus O'Regan addressing the virtual PDAC 2021.

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Mines anywhere, everywhere can go green – Hydrogen Optimized
Photo by Creamer Media
Fasken panel that discussed hydrogen.

Rock and heavy metal: winners emerge in energy transition

By: Reuters     5th March 2021 Investors in metals and mineral extraction are poised to see their fortunes grow as the race to cut carbon emissions requires massive investment in commodities other than oil and gas. As world economies shift to more electrification and away from fossil fuels to reach net-zero carbon emissions by... 

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