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Cobalt News

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis  – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post the coronavirus, South Africa would... 

First Cobalt refinery expansion study weeks from conclusion

By: Mariaan Webb     18th March 2020 The feasibility study for an expansion of the Glencore-backed First Cobalt refinery, in Ontario, Canada, is in the final stages and will be concluded in the coming weeks. Commenting on the current market developments, First Cobalt president and CEO Trent Mell said on Tuesday while the... 

First Cobalt refinery expansion study weeks from conclusion

Automotive battery makers looking to alternative chemistry to lower costs

By: Tasneem Bulbulia     18th March 2020 Major automotive battery makers and car manufacturers are planning to alter battery chemistry to lower the cost of new electric vehicles (EVs) being rolled out this year, mining and materials forecaster Afriforesight says. The race to cost cuts intensified last week with the largest Chinese EV... 

Vale shuts Canada’s Voisey’s Bay mine, mulls Mozambique coal stoppage

By: Mariaan Webb     17th March 2020 Brazil’s Vale has announced that it will ramp down its Voisey’s Bay mining operation, in Canada, and place it on care and maintenance for four weeks in the face of the Covid-19 pandemic. Although none of Vale’s employees has tested positive at any of its operations, the decision is aimed at... 

Vale shuts Canada’s Voisey’s Bay mine, mulls Mozambique coal stoppage
The Voisey's Bay operation, in Canada.

Menar progressing gold project in Kyrgyzstan  

By: Martin Creamer     17th March 2020 Private investment and management company Menar, which is planning to invest R7-billion in coal projects in South Africa, is also progressing a gold project in Kyrgyzstan. “We’re looking at a sizeable gold project,” said Menar MD Vuslat Bayoǧlu, who is hoping that the Kyrgyzstan project will... 

Menar progressing gold project in Kyrgyzstan
Menar MD Vuslat Bayoǧlu talks to Mining Weekly’s Martin Creamer about gold project in Kyrgyzstan. Video Editing: Nicholas Boyd. Photograph: Donna Slater. Video: Kutlwano Matlala.

China's CNMC to transfer Africa copper, cobalt assets to engineering arm for $1.1bn

By: Reuters     10th March 2020 China Nonferrous Mining Corp (CNMC) said late on Monday its parent had agreed to sell its 74.52% stake in the company to the group's engineering arm for 7.36-billion yuan ($1.06-billion) in a restructuring move. State-owned CNMC is selling its 2.6-billion shares to its 33.75%-owned subsidiary,... 

China warns metals firms not to race back from virus

By: Reuters     6th March 2020 China's Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak. Industrial production in China, the world's biggest metals consumer,... 

Nornickel part of Finnish battery recycling initiative

By: Creamer Media Reporter      6th March 2020 Russian mining company Norilsk Nickel (Nornickel) will team up with Finnish energy company Fortum and German chemical group BASF to establish a battery recycling cluster to service the electric vehicle market. The cluster, to be located in Harjavalta, Finland, will enable a “closed loop” cycle... 

Congo plans dollar purchases from miners to bolster reserves

By: Bloomberg     2nd March 2020 The Democratic Republic of Congo’s central bank plans to use the country’s updated mining law to buy dollars from mining companies in exchange for Congolese francs to shore up dwindling foreign currency reserves. The government’s demand for dollars is “to assure the resilience of the national... 

New pure-play nickel/cobalt company to start trading on TSX-V

By: Creamer Media Reporter      26th February 2020 The TSX-V has approved the listing of Canada Nickel Company, which will begin trading on the exchange on Friday. Canada Nickel owns the Crawford nickel/cobalt sulphide project, which was spun out of TSX-V-listed Noble Mineral Exploration. Noble announced the transfer of Crawford, in Ontario, to... 

Red Rock excited about second-phase DRC exploration

By: Marleny Arnoldi     25th February 2020 London-listed Red Rock Resources has contracted mineral exploration associates Minex Consulting to start a second phase of exploration on its licence in the copperbelt, in the south of the Democratic Republic of Congo (DRC). The licence, which Red Rock calls the Luanshimba project, is... 

Policy review could improve investor confidence

By: Darren Parker     21st February 2020 Mining consulting firm The MSA Group is hoping that the review of Namibia’s Minerals (Prospecting and Mining) Act will enhance the country’s “friendliness” toward mining investors. The MSA Group principal consultant Mike Robertson says the 1992 legislation has been under review since 2018.... 

Policy review could improve investor confidence
DRIVING INVESTMENT Namibia’s reliable transport infrastructure, despite the remote nature of many sites of mineral interest, is attractive to investors

Mt Thirsty PFS supports development

By: Esmarie Iannucci     20th February 2020 A prefeasibility study (PFS) into the Mt Thirsty cobalt/nickel joint venture (JV), in Western Australia, has found that the project could support the production of 19 100 t/y of cobalt and 24 800 t/y of nickel as a mixed sulphide product over a mine life of 12 years. The PFS estimated that the... 

ERG mulls construction of battery metals plant

By: Creamer Media Reporter      19th February 2020 Diversified natural resources group Eurasian Resources Group (ERG) is assessing options for the construction of a plant to produce nickel/cobalt/manganese (NCM) precursor materials for use in lithium-ion batteries in electric vehicles (EVs). The group is planning to develop the proposed plant in... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve 

By: Martin Creamer     18th February 2020 Climate-friendly energy transition metals, copper, cobalt and nickel, stole the limelight during Glencore’s presentation of 2019 results on Tuesday, when the company revealed that it would be depleting its coal reserves in line with the global move towards a low-carbon economy. Presenting... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve
Photo by Bloomberg
Ivan Glasenberg

Glencore provides update on its transition to low-carbon economy

By: Martin Creamer     18th February 2020 JOHANNESBURG (miningweekly.com) – Diversified mining and marketing company Glencore on Tuesday published an update on its performance in transitioning towards a low-carbon economy. This follows its climate change position statement of February 2019. 

Glencore provides update on its transition to low-carbon economy
Photo by Bloomberg
Ivan Glasenderg

US-Canada critical metals focus could aid Nico

By: Tracy Hancock     17th February 2020 The Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, is among several advanced critical minerals projects in the country that could be fast-tracked to production stage with some government assistance, says developer Fortune Minerals. 

US-Canada critical metals focus could aid Nico
PROJECT OVERVIEW Fortune Minerals is working on increasing grade and gold contribution from its Nico deposit and reducing the capital costs of production facilities

Trader Trafigura in talks with Congo over financing cobalt buyer

By: Bloomberg     14th February 2020 Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company that will buy all the African nation’s hand-mined cobalt. Entreprise Generale du Cobalt will need $80-million to $100-million to begin buying cobalt from so-called... 

Angola seeks to make itself a more mining-friendly jurisdiction

By: Rebecca Campbell     14th February 2020 Angola will this year initiate a new governance system for the country’s mining industry, the country’s Mineral Resources and Petroleum Minister, Diamantino Azevedo, confirmed at the recent Investing in African Mining Indaba in Cape Town. The new system will include the new National Agency for... 

Call made for accelerated exploration to build critical-minerals pipeline

By: Tracy Hancock     14th February 2020 Amid growing demand for critical minerals globally on the back of increased production of the technologies needed to realise a low-carbon future, North America’s policies and regulations are said to be hindering exploration and depleting its project pipeline. This is the most minerals-intensive... 

Call made for accelerated exploration to build critical-minerals pipeline

US-Canada critical metals focus could aid Nico

By: Tracy Hancock     14th February 2020 The Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, is among several advanced critical minerals projects in the country that could be fast-tracked to production stage with some government assistance, says developer Fortune Minerals. 

US-Canada critical metals focus could aid Nico
PROJECT OVERVIEW Fortune Minerals is working on increasing grade and gold contribution from its Nico deposit and reducing the capital costs of production facilities

Low carbon future to dictate PDAC 2020 talks

By: Tracy Hancock     14th February 2020 Mineral exploration and mining’s role in the global shift towards a low carbon future could dominate discussions at this year’s Prospectors & Developers Association of Canada (PDAC) Convention, PDAC executive director Lisa McDonald tells Mining Weekly. “To meet demand for electric vehicle... 

Low carbon future to dictate PDAC 2020 talks
CRITICAL GATHERING Popular topics that should continue to attract high attendance at the PDAC Convention are diversity and inclusion, sustainability, capital markets and Indigenous affairs

Glencore signs five-year cobalt supply deal with Samsung SDI 

By: Marleny Arnoldi     10th February 2020 Global diversified miner Glencore has entered into a five-year cobalt hydroxide supply agreement with rechargeable battery manufacturer Samsung SDI. Glencore will supply up to 21 000 t of cobalt contained in cobalt hydroxide between 2020 and 2024.  

Drive package delivered to greenfield mine

7th February 2020 The last of nine units of a comprehensive drive package were successfully delivered to a major greenfield copper mining project in the Democratic Republic of Congo (DRC) by drive and automation specialist SEW-Eurodrive. The five main 500 kW drives weighed 12 t each while the remaining four... 

Drive package delivered to greenfield mine
BIG FAN A cooling unit had to be installed to the drives because of the extreme temperatures they would encounter in the Democratic Republic of Congo

Budget deficit reflects mining decline in DRC

By: Halima Frost     7th February 2020 Macroeconomic researcher Fitch Solutions expects that the Congolese budget deficit will widen from an estimated 0.7% of gross domestic product in 2019 to 1.1% in 2020, owing to declining revenues from the mining sector. The Congolese mining sector has a major bearing on government revenues,... 

Budget deficit reflects mining decline in DRC
DARK DAYS The mining industry in the Democratic Republic of Congo has experienced some dark times over the last few years

Cobalt demand drives illegal trade

By: Halima Frost     7th February 2020 Increased global demand for cobalt is spurring mining activity in the Democratic Republic of Congo (DRC), specifically illegal and artisanal operations. The southern point of the DRC is reported to contain about two-thirds of the world’s natural cobalt reserves. 

Cobalt demand drives illegal trade
IN THE TRENCHES Dire living and working conditions found in the Democratic Republic of Congo drive the artisanal and illegal mining sector

Gold paper released at global forum

By: Halima Frost     7th February 2020 The collaborative paper, titled Kibali Gold Mine sulphide concentrate treatment – understanding the pre-oxidation of sulphide concentrates, was presented by dual-listed miner Barrick Gold’s Kibali gold mine technical manager Dr Thamsanqa Mahlangu at the World Gold 2019 conference held in Perth,... 

Gold paper released  at global forum
RAMP UP The separators at Kibali will be ramped up to full sulphides in future

Land agreement in motion for cobalt producer

By: Halima Frost     7th February 2020 Katanga Mining, the Glencore subsidiary that operates in the Democratic Republic of Congo (DRC) has, as reported by Mining Weekly Online last month, reached an agreement to acquire land where it could build a new long-term tailings facility for its 75%-owned Kamoto Copper Company (KCC) operation.... 

Video: Zero emissions transport future will require more copper, platinum 

By: Creamer Media Reporter      6th February 2020 Canadian mining company Ivanhoe Mines co-chairperson Robert Friedland this week told delegates at the Investing in African Mining Indaba that the world was shifting towards zero emissions transportation and that this will likely result in shortages of 'green' metals, like platinum and copper. He... 

Video: Zero emissions transport future will require more copper, platinum
Ivanhoe Mines co-chairperson discusses the global move away from internal combustion engines towards electric and hydrogen fuel cell vehicles. Video and editing: Nicholas Boyd

DRC to benefit from rise in global copper demand  

By: Kim Cloete     5th February 2020 Canadian mining company Ivanhoe Mines chairperson Robert Friedland is capitalising on the rising need for more copper globally, with a mission to restore the Democratic Republic of Congo’s (DRC's) position as the number one producer of copper metal in the world. Friedland told the 2020 Investing... 

DRC to benefit from rise in global copper demand
Ivanhoe Mines chairperson Robert Friedland addresses the Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Glencore reports lower full-year copper, ferrochrome output

By: Tasneem Bulbulia     4th February 2020 Global diversified natural resource group Glencore on Tuesday released its full-year production results, with own-sourced copper production of 1.3-million tonnes for the period 82 500 t, or 6%, lower Year-on-year. About half of this (40 800 t) related to its African copper assets, with Katanga's... 

Glencore reports lower full-year copper, ferrochrome output
Photo by Bloomberg
Kamoto

Congo's new artisanal cobalt monopoly could seek private partner - Minister

By: Reuters     3rd February 2020 A new state company set up by the Democratic Republic of Congo to manage the country's artisanally mined cobalt could seek a private partner if the state does not have the funds to purchase all production, the mines minister said. DRC produces about 60% of the world's cobalt. Most of that is... 

First Cobalt upsizes placement, stock jumps

By: Creamer Media Reporter      3rd February 2020 Toronto-headquartered cobalt company First Cobalt has upsized its previously announced nonbrokered private placement to accommodate demand. The offering increased from 10 715 000 units at C$0.14 a share, for gross proceeds of up to C$1-5-million, to 14 300 000 units at the same price, for... 

First Cobalt upsizes placement, stock jumps

Seabed mining faces major challenges

By: Rebecca Campbell     31st January 2020 Data analytics and consultancy company GlobalData has warned that deep ocean mining faces serious difficulties. In a report it issued recently, it warned that attempts to mine the seabed at such depths were both technically difficult and controversial.  

Congo moves to monopolise about 25% of all cobalt exports 

By: Bloomberg     30th January 2020 The Democratic Republic of Congo, the world’s biggest producer of cobalt, created a State monopoly that will buy all output not extracted by industrial operators in a bid to exert more control over the price of the key ingredient in rechargeable batteries. The central African nation dominates... 

Congolese demand compensation in UK corruption investigation

By: Bloomberg     29th January 2020 A group of Democratic Republic of Congo citizens asked the UK’s Serious Fraud Office (SFO) to recognise them as victims in its investigation of alleged corruption by Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The 16 Congolese say they lost jobs, healthcare and community... 

Multimetal strategy paying off for Jubilee  

By: Marleny Arnoldi     28th January 2020 Aim- and AltX-listed Jubilee Metals Group delivered record platinum group metal (PGM) earnings for the six months ended December 31, on the back of higher output and metal prices, while its chrome operations showed their resolve, maintaining positive earnings against softer chrome prices. CEO... 

Key EV markets to start growing again – WoodMac

By: Creamer Media Reporter      28th January 2020 Following a year characterised largely by disappointing performances from the electric vehicle (EV) and consumer electronics sectors, better days are ahead for battery market participants, with key markets for electric cars set to start growing again. This is according to consultancy firm Wood... 

Key EV markets to start growing again – WoodMac
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