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Cobalt News

Glencore and First Cobalt team up to restart refinery

By: Esmarie Iannucci     22nd May 2019 Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario. The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and... 

ABM starts exploration at Cameroon cobalt/nickel project

By: Simone Liedtke     20th May 2019 Aim-listed African Battery Metals has started exploration activities at its cobalt/nickel project in Cameroon and will initially be targeting cobalt and nickel mineralisation at prioritised targets within the company’s licence areas. The work programme will start immediately, with a view to... 

Cobalt 27 completes Highlands Pacific acquisition

By: Creamer Media Reporter      20th May 2019 TSX-V-listed Cobalt 27 has completed the acquisition of Highlands Pacific, bolstering the company's prospects a growing diversified battery metals streaming and royalty company. As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine, a... 

African Battery Metals completes field operations at Kisinka project

By: Simone Liedtke     17th May 2019 Field operations at Aim-listed African Battery Metals’ Kisinka copper/cobalt project, in the Democratic Republic of Congo, have now been completed. ABM executive director Paul Johnson says the team “coped well with difficult on-site logistics as grass levels remained high after late rains, and we... 

Reduce exports, increase beneficiation – CDAA

By: Mc'Kyla Nortje     17th May 2019 Nonprofit organisation Copper Development Association Africa (CDAA) encourages countries, such as Zambia and the Democratic Republic of Congo, to reduce their copper exports and start investing in infrastructure to support the use of copper in downstream industries. CDAA executive chairperson... 

Reduce exports, increase beneficiation – CDAA
EVERT SWANEPOEL The meetings will encourage reciprocal business opportunities between Copper Development Association Africa members and mines

Junior starts copper exploration programme in Zambia

17th May 2019 Junior exploration company Arc Minerals has started an exploration programme at its Zamsort copper/cobalt project, in Zambia. The exploration programme follows the completion of an airborne geophysical programme at the project. 

Junior starts copper exploration programme  in Zambia
Photo by Bloomberg
NICK VON SCHIRNDING The exploration programme entails infill soil sampling over new targets

Copper majors report sound performances

17th May 2019 Several large diversified miners dominate copper production in Zambia and account for a significant amount of copper production in the Copperbelt, which includes the Copperbelt province and the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira in particular, as well as the Democratic... 

Copper majors report sound performances
Photo by Creamer media
KANSANSHI The mine is capable of producing 340 000 t of copper and more than 120 000 oz/y of gold

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

LME appoints first female chairperson in its history

By: Reuters     10th May 2019 The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans – the first female chairperson in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Fortune confirms on site gold recovery from cobalt concentrates

By: Creamer Media Reporter      6th May 2019 TSX-listed Fortune Minerals could potentially defer the construction of its downstream refinery, after recent tests have confirmed that it could achieve good gold recoveries from its cobalt and bismuth concentrates at the proposed Nico mine site. The company, which had to find a new site for its... 

Miners in Congo face subcontracting limits under new rules 

By: Bloomberg     3rd May 2019 Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government. The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in... 

Miners in Congo face subcontracting limits under new rules

First Cobalt to delist from ASX

By: Esmarie Iannucci     2nd May 2019 Multi-listed First Cobalt has applied for removal from the official list of the Australian Bourse, with the company’s CHESS depository interests (CDI’s) likely to cease trading by June 13, with delisting expected by June 20. First Cobalt told shareholders on Thursday that the company’s average... 

Katanga progresses major projects, lifts first-quarter copper production

By: Tasneem Bulbulia     30th April 2019 Katanga Mining increased its copper cathode production to 57 175 t in the first quarter of this year, compared with the 49 770 t produced in the fourth quarter of 2018, but output of cobalt contained in hydroxide decreased to 3 511 t, from the 4 646 t produced in the fourth quarter of 2018. The... 

Glencore lowers full-year copper output guidance  

By: Tasneem Bulbulia     30th April 2019 Diversified miner Glencore has lowered its full-year production guidance for copper to 1.46-million tonnes, compared with the previously guided 1.54-million tonnes. The group, led by CEO Ivan Glasenberg, on Tuesday reported that its own sourced copper production for the first quarter of this year... 

Glencore lowers full-year copper output guidance
Photo by Creamer Media
Ivan Glasenberg

More than 40m people work in artisanal mining – report

By: Reuters     25th April 2019 More than 40-million people around the world work in artisanal and small-scale mining where minerals including gold, diamonds and cobalt are dug up often by hand, a report by the World Bank and development organisation Pact said on Wednesday. Increasing demand for metals and rising prices have... 

More than 40m people work in artisanal mining – report

Red Rock raises cash to advance DRC exploration

By: Creamer Media Reporter      24th April 2019 Aim-listed Red Rock Resources has raised £323 750 through the placing of 63.48-million new ordinary shares at 0.51p. "The placing ensures the company can manage its cash flow prudently while driving an increased tempo of exploration in the [Democratic Republic of the Congo (DRC)] as the scale of... 

Fortune finds potential new site for Nico refinery

By: Creamer Media Reporter      24th April 2019 Cobalt project developer Fortune Minerals has entered into an option to buy an alternative site to construct the proposed hydrometallurgical refinery that will process metal concentrates from the planned Nico cobalt/gold/bismuth/copper mine, after the rural municipality of Corman Park last month... 

BMW to buy cobalt direct from Australia, Morocco for EV batteries

By: Reuters     24th April 2019 German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative... 

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

Glencore’s Jeff Gerard appointed Katanga CEO

By: Simone Liedtke     18th April 2019 TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreement between Katanga and Glencore in January.... 

Moroccan miner Managem considering raising $200m in bond sales

By: Reuters     17th April 2019 Morocco's leading mining firm Managem says it is considering raising $200-million through the sale of nonconvertible bonds with a maturity of up to seven years, to fund its development plans. The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a... 

Katanga Mining resumes cobalt exports from DRC

By: Reuters     15th April 2019 Katanga Mining, a unit of Glencore, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto project in the Democratic Republic of Congo. The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was... 

Strike ends at Sierra Metals’ Yauricocha mine

By: Creamer Media Reporter      15th April 2019 A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the... 

Arc to drill new targets at Zambia project

By: Marleny Arnoldi     12th April 2019 Aim-listed Arc Minerals has started an exploration programme at its Zamsort copper/cobalt project, in Zambia. This followed completion of an airborne geophysical programme. The exploration programme entails infill soil sampling over new targets, with 1 200 samples already completed, and... 

Demand for outsourced solutions rising in Africa

By: Jessica Oosthuizen     12th April 2019 Mineral discoveries in Africa have been on the increase in the past ten years and one of the major challenges for mines is finding expert solutions in countries that have developing mining ecosystems, says global boutique consultancy The Polyglot Group renewables and resources senior consultant... 

Demand for outsourced  solutions rising in Africa
JASON TODD In Africa, minimising risk is always high on the agenda

First Cobalt targets Canada plant restart within 2 years – CEO

By: Reuters     10th April 2019 First Cobalt aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, CEO Trent Mell said on Wednesday. The Toronto-based company is planning a $30-million revamp of the plant, located in the appropriately... 

First Cobalt targets Canada plant restart within 2 years – CEO
First Cobalt's refinery in Ontario.

Nearly 2 000 Zambian villagers can sue Vedanta in English courts – Supreme Court

By: Reuters     10th April 2019 Nearly 2 000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad. India-listed Vedanta, which delisted from London... 

How countries are getting tougher with mining companies

By: Reuters     4th April 2019 A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of... 

ERG joins UN Global Compact

By: Creamer Media Reporter      4th April 2019 Diversified natural resources group Eurasian Resources Group (ERG) has joined the United Nations Global Compact – the world’s largest voluntary corporate citizenship initiative. ERG has also undertaken to implement the compact's ten principles in the areas of human rights, labour the environment... 

Battery grade cobalt sulphate produced at Ontario refinery

By: Creamer Media Reporter      4th April 2019 Toronto-based First Cobalt has produced its first battery-grade cobalt sulphate at its refinery in Ontario, which CEO Trent Mell says is the company’s “most significant accomplishment” as the majority of the refined cobalt for the electric vehicle market is produced in Asia. “With no cobalt... 

Battery grade cobalt sulphate produced at Ontario refinery

Congo's public revenues from mining sector nearly double in 2018

By: Reuters     4th April 2019 Democratic Republic of Congo's mining sector paid $1.57-billion in revenues to the government last year, up 91% on 2017, finance ministry data showed on Wednesday. Public revenues from the oil and gas sector fell by 19% in 2018 to $165.6-million, according to the data. 

MMG joins Glencore, ERG in reviewing Congo plans after tax hike 

By: Bloomberg     4th April 2019 Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests. MMG, the Chinese-owned copper producer, is considering whether to invest in more expensive methods... 

MMG joins Glencore, ERG in reviewing Congo plans after tax hike
MMG's Kinsevere mine

African Battery Metals eyes development of Cameroon, DRC interests

By: Natasha Odendaal     3rd April 2019 Aim-listed African Battery Metals (ABM) is now continuing work across its Democratic Republic of the Congo (DRC) cobalt and Cameroon cobalt/nickel projects following a strategic review. The company intends using the data obtained to identify an optimal value generation pathway for the company and... 

Jervois gains US project with eCobalt merger

By: Esmarie Iannucci     2nd April 2019 ASX-listed Jervois Mining has struck a friendly merger agreement with TSX-listed eCobalt. Under the terms of the agreement, each eCobalt share will be exchanged for 1.65 common shares in Jervois, representing an implied offer price of C$0.36 a eCobalt share. 

Platinum ETFs hit record high, palladium seen as over-bought 

By: Martin Creamer     29th March 2019 Platinum-backed exchange traded fund (ETF) holdings increased for the ninth consecutive day yesterday reaching 2.96-million ounces, the highest level on record, the BMO Metals Brief noted on Friday. The report put out by BMO Global Commodities Research addedthat ETF inflows had been strong in the... 

Platinum ETFs hit record high, palladium seen as over-bought
Photo by Bloomberg
Platinum bar.

LME waives listing fees for cobalt brands for six months

By: Reuters     26th March 2019 The London Metal Exchange (LME) on Tuesday suspended listing fees for new cobalt brands for six months to encourage interest from producers of the element widely used in rechargeable batteries. The LME, the oldest and largest market for industrial metals, launched a cash-settled cobalt contract... 

Sumitomo says Ambatovy nickel plant shut for 2 weeks in February

By: Reuters     20th March 2019 Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in early February due to trouble at its hydrogen plant, and may miss its revised annual production target. Sumitomo owns a 47.7% stake in Ambatovy, while South... 

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