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Cobalt News
Senators urge Biden to invoke defence act for battery materials
By: Bloomberg 14th March 2022 US Senators sent a bipartisan letter to the Biden administration Friday afternoon asking the President to invoke the Defense Production Act to accelerate production of battery materials that are needed to power electric vehicles. The letter, signed by Democrat Joe Manchin and Republicans Lisa... →
Aus and India hunt for critical minerals
By: Esmarie Iannucci 14th March 2022 The Australian government has allocated A$5.8-million to a new three-year investment partnership with India, which could unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. “Australia and India are natural partners sharing mutual strategic and... →
Gratton says Canada should do more to seize mining opportunities
By: Mariaan Webb 10th March 2022 Canada has long been the dominant global mining nation – in mineral production, mining finance, mining services and supplies, and sustainability and safety, but Mining Association of Canada (MAC) president and CEO Pierre Gratton has warned that there are signs this position is slipping. Citing... →
Lithium Americas CEO says mining reform needed for EV metals supply
By: Reuters 10th March 2022 The United States should do more to streamline permitting of new mines for electric vehicle metals and not expect to rely solely on recycling of old batteries for supply, the CEO of Lithium Americas said on Wednesday. "You have to actually build out all the infrastructure and get these materials... →
Canada forges new EV supply chain path in bid to secure growth
By: Bloomberg 8th March 2022 Canada, a major car and parts producer, is bolstering its battery and electric vehicle supply chain to ensure future growth for its vital $10-billion auto industry. On Monday, General Motors and Posco Chemical announced a $400-million investment in a new Quebec facility to produce cathode active... →
New US-focused cobalt company to list on ASX
By: Mariaan Webb 7th March 2022 Koba Resources, which owns projects in the Idaho cobalt belt of the US, will seek to raise A$8-million in an initial public offering (IPO) and plans to list on the ASX in late April, Australian firm New World Resources reported on Monday. New World is demerging Koba to create a new standalone... →
Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie 
By: Martin Creamer 4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... →
Sibanye-Stillwater delivers another record performance with highest-ever dividend
By: Martin Creamer 3rd March 2022 Precious metals mining company Sibanye-Stillwater in 2021 delivered another record financial performance, with revenue of R172.2-billion and adjusted earnings before interest taxation depreciation and amortisation (Ebitda) of R68.6-billion. Revenue was 35% higher than for 2020 and Ebitda 39%... →
Sibanye-Stillwater CEO Neal Froneman
Canada govt to help fund Electra battery park study
By: Mariaan Webb 3rd March 2022 The government of Canada has made a C$250 000 financial commitment in support of the recently announced battery materials park study, TSX-V-listed Electra Battery Materials has announced. The study was initiated last month as a partnership with the Ontario government, Glencore and Talon Metals... →
ESG slowing down as energy transition highlights mining as indispensable – RMF
By: Martin Creamer 2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... →
Sherritt names Belanger deputy chair, appoints decarbonisation expert to board
By: Mariaan Webb 2nd March 2022 Nickel and cobalt miner and refiner Sherritt International has appointed Maryse Belanger in the newly created role of deputy chairperson, where she will work with chairperson Richard Lapthorne on strategic and governance matters, the company stated on Tuesday. In addition, the Toronto-listed... →
Cobalt Blue's Broken Hill gets Major Project status
By: Esmarie Iannucci 2nd March 2022 The federal government has granted Major Project status to ASX-listed Cobalt Blue for it’s A$560-million Broken Hill project, in New South Wales. The project will produce 16 700 t/y of high purity cobalt sulphate, which will be used in the manufacture of lithium ion batteries. This production... →
Congo court appoints temporary administrator to run China Moly's Tenke mine
By: Reuters 1st March 2022 A court in Democratic Republic of Congo on Monday appointed a temporary administrator to run China Molybdenum's 603993.SS Tenke Fungurume copper and cobalt mine at the request of state miner Gecamines, a minority shareholder in the project. The order from the Tribunal of Commerce in the... →
Congo seals deal with Israeli billionaire to recover assets
By: Bloomberg 28th February 2022 A company controlled by sanctioned Israeli billionaire Dan Gertler will return mining and oil assets to the Democratic Republic of Congo, the government said. The deal “puts an end to the legal disputes” between Congo’s government and Gertler’s Ventora Group, the presidency said on its Twitter... →
Mining industry progressing with energy transition to zero-emissions mines
By: Schalk Burger 23rd February 2022 Energy and mining industry experts this week detailed how the mining industry is grappling with the technical challenges of transitioning existing, and preparing new, operations to become more efficient and integrating renewable energy sources to, eventually, facilitate net-zero emissions from... →
Biden announces investments to shore up key critical mineral supplies
By: Mariaan Webb 23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... →
African miners aggressively pursuing decarbonisation
By: Tasneem Bulbulia 22nd February 2022 Mining companies are aggressively pursuing decarbonisation at their operations, with a myriad of different strategies, and varying timelines across the spectrum of miners, but with the same end-goal of reducing carbon emissions and ultimately achieving net-zero operations. This was indicated by... →
Project to help diversify critical minerals production
By: Cameron Mackay 18th February 2022 The shovel-ready status of North American miner Fortune Minerals’ NICO cobalt/gold/bismuth/copper project positions it well to help diversify the sources of critical minerals in North America in the near term, states Fortune Minerals president and CEO Robin Goad. The company announced in January... →
Cobalt powerhouse doubles down on nickel
By: Bloomberg 17th February 2022 Specialty metals refiner Umicore is enjoying record profits as battery materials boom, but the company is racing to avert a slowdown in sales as its cobalt-heavy chemicals fall out of favor with carmakers. The Brussels-listed company, which has been refining cobalt for more than 100 years, says... →
Mysterious deep-ocean creatures may help combat climate change
By: Bloomberg 17th February 2022 As the deep ocean faces growing peril from climate change, seabed mining and other threats, scientists have discovered that seafloor sediments are home to vast populations of previously unknown organisms that may play a crucial role in carbon sequestration and marine food webs. When researchers... →
It’s records all round for Glencore in ‘terrific’ 2021
By: Martin Creamer 15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... →
Glencore’s earnings rocket 84% to $21.3bn
By: Martin Creamer 15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... →
Red tape delaying R90bn investment in ready-to-go projects – Minerals Council
By: Martin Creamer 14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... →
Weekly Commodities Market Wrap
By: Creamer Media Reporter 14th February 2022 ENERGIES - Coal continues strong although a market correction is imminent once European physical supplies are assured. The current strong physical premiums being enjoyed are likely to align back to paper market levels, especially considering that natgas, power and carbon markets were softer on... →
Green hydrogen strategy supporting development of R270bn Northern Cape pipeline
By: Martin Creamer 11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... →
Renault and US carmaker Rivian back moratorium on deep-sea mining
By: Reuters 11th February 2022 France's Renault and US carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalise on demand from electric vehicle and other industries. French President Emmanuel Macron has said deep seabed... →
Sherritt on earnings growth path with narrowed loss a share for FY21
By: Marleny Arnoldi 11th February 2022 Nickel and cobalt miner Sherritt International Corporation says it met its 2021 production and unit cost targets at each of its business units, despite continued sanctions against Cuba, where it is a 50% partner in the Moa project; rising input costs; and persistent Covid-19 impacts. This while... →
Republican US senator presses Energy Department on seabed mining
By: Reuters 11th February 2022 A top Republican US senator urged the US energy secretary this week to provide information on the Biden administration's strategy for domestic mining of minerals for electric vehicle batteries on the seabed floor. Seabed mining is a new industry that backers say can supply many of the metals... →
ESG risks deter investments, says consultancy
By: Sabrina Jardim 11th February 2022 The elevated levels of environmental, social and governmental (ESG) risks in the Democratic Republic of Congo (DRC) make many western mining companies reluctant to invest, as they are unable to obtain the required financing, explains energy research and consultancy company Wood Mackenzie senior... →
Reagents supplier targets lithium, other industrial minerals
By: Sabrina Jardim 11th February 2022 There is a new emphasis on lithium mining in the Democratic Republic of the Congo (DRC) and, as a result, reagent supplier Axis House has developed a full set of reagents to tackle the different lithium-bearing ores, says Axis House technical manager Bernard Oostendorp. “We have been refining our... →
ERG partners with stakeholders to promote energy shift
11th February 2022 Diversified natural resources producer Eurasion Resources Group (ERG) became a platinum partner of the Democratic Republic of the Congo- (DRC-) Africa Business Forum 2021, which was held from 24 to 25 November last year. At the time, ERG CEO Benedikt Sobotka stated that the company was proud to... →
Foreseen renewables demand providing opportunity for job creation, just energy transition
By: Martin Creamer 10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... →
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter
Glencore clinches marketing relationship with US metals business
By: Martin Creamer 9th February 2022 Diversified mining and marketing company Glencore has entered a strategic global marketing relationship with United States Strategic Metals, formerly Missouri Cobalt. Involved is a long-term offtake agreement for 100% of the US company’s products, which include cobalt and nickel sulphates,... →
Santa Rita has had 'outstanding' year - Atlantic Nickel
By: Mariaan Webb 9th February 2022 Atlantic Nickel, the owner of Brazil nickel and copper assets that Sibanye Stillwater previously planned to buy, has had an “outstanding” year at its Santa Rita nickel/copper mine, leaving the company in its strongest financial position yet. Santa Rita in 2021 produced 107 000 dry metric tonnes... →
Metals, engineering need govt support to ensure sustainable economic recovery
By: Martin Creamer 8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... →
Directors face potential liability for climate change risks – Webber Wentzel
By: Martin Creamer 8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... →
Diversified portfolio pays off for Wheaton Precious Metals
By: Mariaan Webb 8th February 2022 Having a diversified, high-quality portfolio of low-cost assets paid off for royalty firm Wheaton Precious Metals in 2021, with strong performances from some key mines more than offsetting challenges at others, CEO Randy Smallwood reported on Monday. The company achieved its 2021 production... →
Red Rock awaits results from six targets in coming weeks
By: Marleny Arnoldi 4th February 2022 Aim-listed Red Rock Resources says it finds itself in the unusual position of expecting a combination of gold, copper and cobalt drilling results from six targets in three countries over coming weeks. Red Rock has gold exploration assets in Kenya, Côte d'Ivoire, Burkina Faso and Australia, and... →
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