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Cobalt News

New technology boost for African mining 

By: Martin Creamer     Updated 6 hours ago The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania itself is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process takes ore to refined... 

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke     21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... 

Jervois makes plans at Brazilian refinery

By: Esmarie Iannucci     19th January 2021 Triple listed Jervois Mining has revealed plans to integrate a pressure oxidation leach circuit (POX) at its São Miguel Paulista nickel/cobalt refinery, in Brazil. The company in October last year announced plans to acquire the refinery from Companhia Brasileira de Aluminio (CBA) – a subsidiary... 

Ivanhoe Mines' Friedland taking 'hard look' at US projects

By: Reuters     19th January 2021 Ivanhoe Mines founder Robert Friedland said on Monday he is taking a "hard look" at projects in the United States amid a global rush for green metals. US President-elect Joe Biden has indicated support boosting domestic production of metals used to make electric vehicles, solar panels and other... 

Ivanhoe Mines' Friedland taking 'hard look' at US projects
Ivanhoe Mines finder Robert Friedland

Bluejay and Rio Tinto finalise Enonkoski JV conditions

By: Donna Slater     15th January 2021 The remaining conditions of a joint-venture (JV) and earn-in agreement between Aim- and FSE-listed exploration and development company Bluejay Mining and Rio Tinto Mining and Exploration, for the Enonkoski project have been met. Announced on November 10, 2020, the JV and earn-in agreement has... 

First Cobalt upsizes offering

By: Creamer Media Reporter      15th January 2021 Toronto-headquartered First Cobalt has upsized its bought-deal offering to C$8.5-million, with the proceeds set to be used for its cobalt refinery in Ontario. The company entered into an amended agreement with lead underwriter and sole bookrunner Eight Capital to purchase 27.42-million units on... 

Metals behind EV revolution to resume volatile rally - again

By: Bloomberg     15th January 2021 Battery metals are set to rebound this year as an electric-vehicle boom is bolstered by post-pandemic push for a green economic recovery. US President-elect Joe Biden has indicated the sector could get a boost, while China wants new energy vehicles to account for about 20% of total new car sales... 

Metals behind EV revolution to resume volatile rally - again

Battery metals demand expected to rise in 2021 

By: Simone Liedtke     12th January 2021 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects the demand for key battery metals to rise in the coming year as renewable energy and technology adoption continues to pick up pace. The acceleration to a... 

Battery metals demand expected to rise in 2021

First Cobalt inks cobalt hydroxide feed arrangements for refinery 

By: Donna Slater     12th January 2021 TSX-listed cobalt refiner and miner First Cobalt has entered into long-term cobalt hydroxide feed arrangements with diversified miner Glencore and IXM SA − a fully owned subsidiary of China Molybdenum Company (CMOC) − to provide 4 500 t/y of contained cobalt to the First Cobalt Refinery from... 

First Cobalt inks cobalt hydroxide feed arrangements for refinery
The First Cobalt refinery

Danish PM to lead IEA commission on making energy transition people-centered 

By: Terence Creamer     11th January 2021 The International Energy Agency (IEA) has announced the creation of a high-level global commission, headed by Danish PM Mette Frederiksen, to investigate how to ensure that people are placed at the heart of the unfolding global clean-energy transition. Speaking during a virtual briefing on... 

Danish PM to lead IEA commission on making energy transition people-centered
Dr Fatih Birol

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity  

By: Martin Creamer     11th January 2021 The innovative new platinum group metals mining and processing project that slashes 82% off electricity use and elevates platinum to a new high level of greenness, leapt out of its starting blocks in North West province on Monday. “We’ve commenced. The tanks are rolling,” Pallinghurst managing... 

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity
Pallinghurst managing partner and co-founder Arne Frandsen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Blast at Chinese recycler shows battery supply chain risks

By: Bloomberg     8th January 2021 China’s biggest battery manufacturer has urged units to focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. While the cause of the blast at a Hunan Brunp Recycling Technology Co. factory in Hunan province is... 

Critical Metals closing in on potential investment opportunities in Africa

By: Marleny Arnoldi     6th January 2021 Investment company Critical Metals says it stands ready to drive its strategy forward, despite the uncertainty around the supply of and demand for critical metals, as the need to invest in a stable supply becomes increasingly apparent. Despite 2020 being considered a difficult year by the... 

Net-zero emissions commitments hold benefits, but also downsides, for miners 

By: Simone Liedtke     6th January 2021 Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices,... 

R&B star Akon enters Congo mining sector in JV with State company

By: Reuters     6th January 2021 A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a State miner, according to a contract published by the mines ministry. The Grammy-nominated singer, known for hit songs like... 

Trafigura's Congo artisanal cobalt project to end, replaced by industrial mining

By: Reuters     18th December 2020 Trafigura is ending an artisanal cobalt formalisation project in Democratic Republic of Congo, which it has run alongside miner Chemaf and NGO PACT for nearly two years, the commodities trader said on Thursday. A cooperative of artisanal miners on the Mutoshi project site has produced cobalt, a... 

Zambia President says greater State role in mines will help economy recover 

By: Reuters     17th December 2020 Zambia must build majority stakes in selected mines to benefit from its mineral wealth beyond taxes, President Edgar Lungu said on Thursday, as he set out an economic recovery plan after the country defaulted on a debt payment last month. Africa's second-biggest copper producer, Zambia is seeking... 

Zambia President says greater State role in mines will help economy recover
Zambian President Edgar Lungu

First Cobalt secures C$10m in public funding

By: Mariaan Webb     17th December 2020 Canada’s First Cobalt has secured C$10-million in public funding from the government of Canada and the government of Ontario, allowing it to accelerate the commissioning and expansion of its refinery in northern Ontario. The company will receive a C$5-million interest-free loan through the... 

First Cobalt secures C$10m in public funding

BASF and Eramet partner on nickel/cobalt project to supply EV markets

By: Creamer Media Reporter      15th December 2020 German chemicals firm BASF and French mining group Eramet on Tuesday announced that they would assess the joint develop a nickel/cobalt refining complex to supply the growing electric vehicle (EV) market. The development would include a high-pressure acid leaching (HPAL) plant and a base metal... 

BASF and Eramet partner on nickel/cobalt project to supply EV markets
The plant will process locally sourced ore from the Weda Bay deposit to produce a nickel and cobalt intermediate.

Glencore enters partnership with Tre-Altamira to expand satellite monitoring across its TSFs

By: Creamer Media Reporter      15th December 2020 Diversified miner Glencore has entered into an agreement with commercial services provider Tre-Altamira to expand satellite monitoring to more than 110 of its tailings dams worldwide, which Glencore says is the largest industry monitoring agreement to date specifically focusing on tailings... 

Canada Nickel signs First Nation MoU for Crawford project

By: Creamer Media Reporter      15th December 2020 TSX-V-listed Canada Nickel Company has entered a memorandum of understanding (MoU) with the Matachewan and Mattagami First Nations in relation to exploration and development operations at the Crawford nickel/cobalt sulphide project near Timmins, Ontario. The MoU establishes a commitment by... 

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m  

By: Reuters     14th December 2020 China Molybdenum said on Sunday it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million. The Chinese company's takeover of the undeveloped Kisanfu project - discussed as early as 2016 - boosts its... 

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant 

By: Martin Creamer     11th December 2020 Platinum group metals (PGMs) producer Sedibelo Platinum Mines Limited has announced the expansion of operations at Pilanesberg Platinum Mines into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties – with an estimated resource base in... 

60Moz Sedibelo platinum expansion, construction of Kell beneficiation plant
Photo by creamer media
Sedibelo's Pilanesberg Platinum Mines opertional area.

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Govt study into local lithium-ion battery value chain almost complete  

By: Irma Venter     27th November 2020 A study into the possible development of a lithium-ion (li-ion) battery value-chain in South Africa will be completed by the end of the year. The study is being undertaken by Trade and Industrial Policy Strategies (TIPS), on behalf of the Department of Trade, Industry and Competition (DTIC). It... 

Govt study into local lithium-ion battery value chain almost complete
Gaylor Montmasson-Clair

New markets expected to drive cobalt demand

By: Donna Slater     26th November 2020 Although faced with many challenges, UK-based research group Benchmark Minerals forecasts that growth in the battery sector will drive cobalt demand, outweighing falling cobalt intensities in individual cells. As such, it forecasts the battery industry will require a further 100 000 t of the... 

ERG’s Metalkol to undergo Responsible Minerals Assurance Process

By: Simone Liedtke     26th November 2020 Diversified natural resources producer Eurasian Resources Group’s (ERG’s) hydro-metallurgical copper and cobalt facility, Metalkol RTR, in the Democratic Republic of Congo (DRC), will be undergoing the Responsible Minerals Assurance Process (RMAP) – a flagship programme of the Responsible... 

ERG’s Metalkol to undergo Responsible Minerals Assurance Process
ERG's Metalkol RTR facility, in the Democratic Republic of Congo (DRC).

Jervois Mining appoints James May as CFO, executive GM of finance

By: Tasneem Bulbulia     26th November 2020 Mining and exploration company Jervois Mining has appointed James May as CFO and executive (GM) of finance, as it advances the financing and construction of its Idaho Cobalt Operations (ICO) in the US and the restart of the São Miguel Paulista (SMP) refinery in São Paulo, Brazil. He joins Jervois... 

African green hydrogen can provide important economic impetus – BMBF 

By: Martin Creamer     24th November 2020 The establishment of an African hydrogen economy based on renewable energy can provide important impetus in the Southern African region and offer new perspectives, especially to young people. That is the view of German Federal Ministry of Education and Research (BMBF) Energy and Green Hydrogen... 

African green hydrogen can provide important economic impetus – BMBF
Federal Research Minister Anja Karliczek and Innovation Commissioner ‘Green Hydrogen‘ Dr Stefan Kaufmann: Small bottle, huge effect. Sufficient energy to supply a refrigerator for a day – 48 litres of hydrogen are bound in this 80 ml liquid, referred to as liquid organic hydrogen carrier or LOHC. Dr Kaufmann was in South Africa earlier this month. © BMBF/Hans-Joachim Rickel

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trafigura inks DRC cobalt offtake deal that benefits artisanal miners 

By: Simone Liedtke     23rd November 2020 Commodities trading group Trafigura has signed an offtake deal to buy cobalt from Entreprise Générale du Cobalt (EGC) – the Democratic Republic of Congo’s (DRC’s) State-owned buyer that markets cobalt from artisanal miners. Under the agreement, Trafigura will provide funding for the creation of... 

Trafigura inks DRC cobalt offtake deal that benefits artisanal miners

Bluejay joins alliance for sustainable critical metals

By: Marleny Arnoldi     23rd November 2020 Aim-listed Bluejay Mining has joined the European Raw Materials Alliance (Erma). Erma was launched in September by the European Commission, as part of its action plan on critical raw materials.  

Biden easing up on Cuba would boost Canadian miner, CEO says

By: Bloomberg     23rd November 2020 Joe Biden’s victory in the US Presidential election marks a potential new chapter for one of Cuba’s biggest foreign investors. Sherritt International’s top executive calls the result of the vote good news for his company, given the steady tightening of sanctions under President Donald Trump.... 

Red Rock starts geophysics programme in DRC

By: Marleny Arnoldi     20th November 2020 London-listed Red Rock Resources has mobilised a team to its 80%-owned Luanshimba licence, in the Democratic Republic of Congo (DRC), to start a geophysics programme. The programme serves as a follow-up to strong copper and cobalt anomalism identified during a prior termite mound sampling... 

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