https://www.miningweekly.com
R/€ = 17.02 Change: 0.02
R/$ = 16.28 Change: 0.00
Au 1807.73 $/oz Change: 12.79
Pt 887.00 $/oz Change: -3.00
 

Cobalt News

He got rich on Congo mines until bribe probe put future on hold

By: Bloomberg     23rd February 2018 A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime... 

NSW grants mining lease for Clean TeQ Sunrise project

By: Mariaan Webb     23rd February 2018 The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Cobalt 27 buys royalty on Dumont nickel/cobalt project

By: Henry Lazenby     23rd February 2018 Canadian cobalt investment vehicle Cobalt 27 has bought a 1.75% net smelter return royalty (NSR) on all future output of nickel and cobalt from Canadian diversified miner RNC Minerals' Dumont project, in the Abitibi region of Quebec, for $70-million. Dumont is thought to contain the world's... 

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

By: Martin Creamer     21st February 2018 Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up"... 

Flashback to Ivan Glasenberg  opening Glencore-funded school in South Africa's coalfields.
Photo by Duane Daws
Flashback to Ivan Glasenberg opening Glencore-funded school in South Africa's coalfields.

Apple is said to negotiate buying cobalt direct from miners

By: Bloomberg     21st February 2018 Apple is in talks to buy long-term supplies of cobalt directly from miners for the first time, according to people familiar with the matter, seeking to ensure it will have enough of the key battery ingredient amid industry fears of a shortage driven by the electric vehicle boom. The iPhone maker... 

eCobalt launches up to C$30m financing

By: Henry Lazenby     21st February 2018 Canadian clean cobalt project developer eCobalt has launched a C$26-million bought-deal financing. The Vancouver-based company has signed an agreement with a syndicate of underwriters led by TD Securities, under which the underwriters have agreed to buy, on a bought-deal basis, 20-million units... 

Eramet eyes expansion in electric vehicle metals

By: Reuters     20th February 2018 Eramet CEO Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit... 

Eramet eyes expansion in electric vehicle metals

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

Deadly mines linked to child labour thrive in rush for batteries

By: Bloomberg     20th February 2018 The appetite for electric cars is driving a boom in small-scale cobalt production in the Democratic Republic of Congo, where some mines have been found to be dangerous and employ child labour. Production from so-called artisanal mines probably rose by at least half last year, according to the... 

Australian Mines signs offtake deal with Korea's SK Innovation

By: Reuters     19th February 2018 Battery and technology metals developer Australian Mines said on Monday it signed a deal with Korea's SK Innovation to supply cobalt sulphate and nickel sulphate from its flagship Sconi project. The commodity off-take agreement, which is for an initial period of seven years, is for SK... 

Glencore, Randgold form group to challenge Congo law changes

By: Bloomberg     19th February 2018 Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on... 

US seeks to boost output of 35 minerals, reduce import reliance

By: Reuters     17th February 2018 The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminium and potash are also on the draft list of 35 critical materials used in basic... 

US seeks to boost output of 35 minerals, reduce import reliance

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Herbert Smith Freehills partner and Africa co-chairperson Peter Leon
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Sweden hunts for cobalt as electrical vehicle race boosts demand

By: Bloomberg     16th February 2018 Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are increasingly in demand among makers of electric vehicles. The government will invest 10-million kronor ($1.26-million) over the next two years to map the existence of minerals... 

Sweden hunts for cobalt as electrical vehicle race boosts demand

Nico project potentially to start early next year

By: Donald Makhafola     16th February 2018 The two-year construction of the Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, could start in early 2019 on receipt of the project financing and remaining regulatory approvals, which are expected later this year. “The environmental-impact assessment (EIA) approvals... 

ROBIN GOAD
Canadian mining and exploration companies operate in a globally competitive market and are price takers
ROBIN GOAD Canadian mining and exploration companies operate in a globally competitive market and are price takers

North America’s mining industry eyeing growth

By: Donald Makhafola     16th February 2018 The North American mining sector is earmarked for growth this year, owing to rising commodity prices, despite challenges, which include rising environmental concerns over water use and water source contamination through mining operations, says advisory firm Deloitte Canada Americas mining leader... 

PRICE HIKE BENEFITS Mining in North America is expected to grow because of an increase in the prices of commodities such as gold
Photo by Bloomberg
PRICE HIKE BENEFITS Mining in North America is expected to grow because of an increase in the prices of commodities such as gold

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Sherritt narrows headline loss as cost savings, higher metal prices boost bottom line

By: Henry Lazenby     14th February 2018 Canadian diversified miner Sherritt International has narrowed its headline loss for the 12 months ended December 31, as lower costs and higher commodity prices boosted the bottom line. The Toronto-based miner, which produces nickel, cobalt and oil in Cuba, and nickel and cobalt at the Ambatovy... 

Sherritt now owns 12% of the Ambatovy nickel/cobalt mine, in Madagascar
Photo by Sherritt International
Sherritt now owns 12% of the Ambatovy nickel/cobalt mine, in Madagascar

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Samsung SDI turns to used phones for cobalt as prices surge

By: Bloomberg     12th February 2018 Samsung SDI, a battery supplier to carmakers including BMW, plans to recycle cobalt from used mobile phones as companies around the world scramble to secure supplies of the metal amid surging prices. The plan fuels a trend among battery makers to reduce dependence on the Democratic Republic of... 

Fourth month of continuous growth for Deloitte WA Index

9th February 2018 The Deloitte WA Index climbed marginally higher in the first month of 2018, as the market capitalisation of Western Australia-listed companies increased by 0.48% to close out January at A$181.83-billion. This marks the fourth month of continuous growth, Deloitte clients and markets partner for... 

Fourth month of continuous growth for Deloitte WA Index

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Proposed DRC tax could boost Swedish cobalt project

9th February 2018 If the Democratic Republic of Congo (DRC) applies its plan to more than double tax on two-thirds of the global cobalt supply, high-grade energy metal deposits explorer and developer Sienna Resources says this could potentially increase the cost of the critical battery metal just as the world... 

SUPPLY AND DEMAND   
If the Democratic Republic of Congo applies its plan to more than double a tax on cobalt supply, it could create an even larger demand for non-DRC sourced cobalt
Photo by Bloomberg
SUPPLY AND DEMAND If the Democratic Republic of Congo applies its plan to more than double a tax on cobalt supply, it could create an even larger demand for non-DRC sourced cobalt

Mining code reform feasible, encouraged

By: Tasneem Bulbulia     9th February 2018 It is possible, and even necessary, for the Democratic Republic of Congo (DRC) to pursue a reform of its 2002 mining code tax regime and find a compromise acceptable to all parties, according to findings of international nonprofit policy and research institute the National Resource Governance... 

MINING REFORM 
The Democratic Republic of Congo’s revised mining code will aim to address gaps in transparency and community development
MINING REFORM The Democratic Republic of Congo’s revised mining code will aim to address gaps in transparency and community development

eCobalt lifts flagship Idaho Cobalt resource 12.5%

By: Henry Lazenby     8th February 2018 Canadian clean cobalt project developer eCobalt has reported a 12.5% increase in the compliant measured and indicated resources at its Idaho Cobalt Project (ICP), in Idaho, following further geotechnical work. Compared with the previous resource model dated September 2017, total measured and... 

Big Mining Indaba thinking for 2019’s quarter-century milestone

By: Martin Creamer     8th February 2018 This year’s Investing in African Mining Indaba has just ended here and the organisers are already putting their thinking caps on to make next year’s twenty-fifth anniversary of the event a grand affair. The names Cyril Ramaphosa, Elon Musk and the top who’s who of global and African mining are... 

Investing in African Mining Indaba MD Alex Grose
Photo by Duane Daws
Investing in African Mining Indaba MD Alex Grose

Cougar secures cobalt project in Chile

By: Creamer Media Reporter      7th February 2018 ASX-listed Cougar Metals has secured a cobalt exploration project in Chile, which executive chairperson Randal Swick said on Wednesday was considered a complementary opportunity to its lithium prospect in Brazil. Cougar has signed a letter of intent (LOI) with Antasitua Chile to acquire a 100%... 

Congo seeks more cobalt control as batteries drive boom

By: Bloomberg     6th February 2018 The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest State-owned mining company. "I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only... 

Congo's Gecamines wants to revise contracts with mining partners

By: Reuters     5th February 2018 Democratic Republic of Congo's state mining company Gecamines said on Monday it wanted to renegotiate contracts with its international partners this year to give the state a bigger share of the revenues. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it... 

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Electric cars and niche metals lure cash back to African mines

Explorer changes name as it targets production of cobalt, other battery metals in DRC

By: Mia Breytenbach     2nd February 2018 Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under its new name started last... 

ALLURING POTENTIAL
African Battery Metals will continue to advance the Ferensola gold project in Sierra Leone
ALLURING POTENTIAL African Battery Metals will continue to advance the Ferensola gold project in Sierra Leone

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

Koniambo nickel mine, New Caledonia, where full-year production was 29% up
Koniambo nickel mine, New Caledonia, where full-year production was 29% up

DRC to have biggest growth story in mining this year, despite risks - BMI

By: Megan van Wyngaardt     1st February 2018 Research firm BMI expects the Democratic Republic of Congo (DRC) to be the fastest-growing major mining market in the world this year. In its latest industry trend analysis, the firm outlined that this growth would be driven by rising prices of key commodities, which would improve mining... 

Orefinders works towards becoming battery metals company with new acquisition

By: Megan van Wyngaardt     1st February 2018 TSX-listed Orefinders Resources on Thursday said it was upbeat about its newly acquired 100%-owned Mann silver and cobalt mine, in the Cobalt-Gowganda District of Ontario, through which it plans to create a pure play battery metals public company. "The Mann Mines have high-grade silver and cobalt... 

Increased capital raise takes Artemis cash reserves to A$20m

By: Mariaan Webb     1st February 2018 Pilbara junior Artemis Resources has raised an additional A$2-million from institutional clients of Patterson Securities, taking the company’s cash reserves to more than A$20-million. The additional capital will be raised through the issue of 10-million fully paid ordinary shares at A$0.20 a... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Brazil, Peru to lead LatAm mineral project development to 2020

Cassinni secures option on early stage base metals project

By: Creamer Media Reporter      29th January 2018 Perth-based base and precious metals explorer Cassini Resources has entered into an option agreement to earn into the Yarawindah Brook project, located in agricultural land near New Norcia, Western Australia. The option agreement will see the company earn into the early stage nickel/copper/cobalt... 

27 28 29 30 31 32
33
34 35
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now