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Cobalt News
Mitsui expresses interest to partner with Magna at Sudbury nickel project
By: Mariaan Webb 1st February 2022 TSX-V-listed Magna Mining has entered into a nonbinding memorandum of understanding (MoU) with global trading and investment group Mitsui & Co in what it hopes will be a long-term partnership to create a nickel mine in Sudbury, Canada. Mitsui will potentially acquire between 10% and 12.5% in... →
South Africa needs to embrace Ubuntu principles in going green, webinar hears 
By: Martin Creamer 31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... →
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.
Anglo Pacific promotes investment officer to CEO
By: Creamer Media Reporter 31st January 2022 Natural resources royalty and streaming company Anglo Pacific has announced Marc Bishop Lafleche its new CEO, taking over from Julian Treger when he steps down at the end of March. Bishop Lafleche has been with the company for the past eight years, most recently as chief investment officer... →
Cobalt price surge to continue this year amid rising demand
By: Darren Parker 28th January 2022 The surge in the cobalt price, which increased by 119% in 2021, is expected to continue unabated this year, with cobalt supply increasingly unable to keep pace with demand, diversified mining major Eurasian Resources Group (ERG) CEO Benedikt Sobotka said in a statement on January 27. The global... →
Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries 
By: Donna Slater 26th January 2022 Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1... →
Cobalt metal nuggets
Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets
By: Donna Slater 25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... →
Fortune plans to build new cobalt refinery in Alberta
By: Creamer Media Reporter 24th January 2022 Critical minerals developer Fortune Minerals has selected a site for its proposed brownfields hydrometallurgical refinery for the Nico cobalt project in Northwest Territories. The TSX-listed company on Monday announced that it had entered into an option agreement with JFSL Field Services, a... →
Shalina partners with Trafigura to secure financing for DRC copper/cobalt mine
By: Marleny Arnoldi 19th January 2022 Dubai-headquartered copper and cobalt miner Shalina Resources and its subsidiary Chemaf have signed a financing and marketing agreement with commodity trader Trafigura. The deal will facilitate new supply of high-grade cobalt hydroxide and copper cathode at a time of growing global demand. →
Red Rock secures another victory in the DRC courts
By: Tasneem Bulbulia 19th January 2022 Aim-listed Red Rock Resources’ VUP project joint venture (JV) partner, VUP SA, was on January 14 issued an executory judgment from the Commercial Court of Lubumbashi in the Democratic Republic of Congo (DRC), ordering it to pay $2-million as damages, with costs. This follows an earlier judgment... →
Plan for decades of high commodity prices, BlackRock says
By: Bloomberg 13th January 2022 Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock’s Evy Hambro. Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures... →
Formal launch of South Africa’s first green ammonia project on Tuesday 
By: Martin Creamer 12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... →
Report states Bluejay Mining undervalued
By: Marleny Arnoldi 6th January 2022 A report produced by Independent Investment Research (IIR) states that Aim-listed Bluejay Mining is trading at a significantly discounted rate and that there is upside to its sum-of-the-parts valuation of $301-million as its projects progress with development. The company’s Dundas ilmenite... →
Red Rock receives payment order for VUP project
By: Tasneem Bulbulia 6th January 2022 Natural resource development company Red Rock Resources has obtained an order from the Commercial Court in Lubumbashi, in the Democratic Republic of Congo (DRC), instructing VUP SA, the company's joint venture partner in the VUP project, to pay $2.5-million as a principal amount to Red Rock. The... →
Minerals Council backs State capture commission’s recommendations
By: Martin Creamer 6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... →
Startup Battery Resourcers plans Georgia recycling plant as demand surges
By: Bloomberg 6th January 2022 Startup Battery Resourcers plans to open a recycling plant for lithium-ion batteries in Georgia this year, as automakers shifting to electric cars drive up demand for the energy-storage devices. Battery Resourcers will invest $43-million in the facility and expects it to be fully operational in... →
American Manganese receives additional services, funding support
By: Schalk Burger 5th January 2022 Lithium-ion battery waste recycling and upcycling company American Manganese has received additional advisory services and funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its ‘Demonstration of Continuous Recycling of... →
Australian exports flourish as project pipeline grows
By: Esmarie Iannucci 4th January 2022 Australia’s resource and energy export earnings are forecast to reach A$379-billion in 2021–22 as demand for coal and gas surges in the face of a global energy shortage, the December edition of the Resources and Energy Quarterly (REQ) found. The 2021-22 prediction was up from the A$310-billion... →
Tailings could give Qld an EV boost
By: Esmarie Iannucci 4th January 2022 The Queensland government is partnering with the University of Queensland (UQ) and ASX-listed Cobalt Blue Holdings to investigate whether cobalt used for battery storage can be extracted from copper mine tailings in Mount Isa and Cloncurry. “Cobalt is a crucial new economy mineral used in... →
Cobalt price to continue rising over next three years – Fitch Solutions
By: Donna Slater 3rd January 2022 The global cobalt industry is set to receive a significant boost and upward price trajectory in the next two to three years owing to a worldwide shift to a green economy, reports financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch... →
DRC anti-graft chief says $530m mining payments missing
By: Bloomberg 17th December 2021 The Democratic Republic of Congo’s central bank has failed to account for $530-million that State mining company Gecamines says it paid to the government mostly during former President Joseph Kabila’s final term in office, the nation’s top anti-corruption official said. The disappearance of the... →
Jervois: ICO capex rises, schedule unchanged
By: Mariaan Webb 16th December 2021 Battery metals company Jervois has increased the capital expenditure (capex) estimate for its Idaho Cobalt Operations (ICO), but the US project’s schedule remains substantially unchanged. In July, Jervois approved $92.6-million capital for construction of the mine and process facility with a... →
Energy transitioning countries stand to attract major FDI investment, webinar hears
By: Martin Creamer 15th December 2021 Countries that choose to transition into clean energy stand to attract major foreign direct investment (FDI) flows, as do companies that follow a clear pathway towards decarbonisation responsibly, a global webinar event has emphasised. The timing of the clean energy leapfrog by transitioning... →
Battery Metals 2021/22: Demand for battery metals surging
By: Creamer Media Reporter 15th December 2021 As the world increasingly turns towards reducing greenhouse-gas emissions and decarbonisation, the use of electric vehicles and stationary energy storage systems is expected to increase. The International Energy Agency estimates that nearly 10 000 GWh/y of batteries and other energy storage... →
South Africa urged to move quickly to capitalise on battery storage value chain opportunities
By: Tasneem Bulbulia 9th December 2021 An ongoing study funded by the World Bank under the guiding leadership of mineral research organisation Mintek has found that there are considerable opportunities for South Africa in the battery storage value chain. The country, however, needs to move quickly to capitalise on these opportunities... →
Leading mining companies commit to contract transparency
By: Martin Creamer 9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... →
Australia exploration at 7-year high on clean-energy metals push
By: Bloomberg 9th December 2021 The hunt for metals critical to the clean-energy transition has seen spending on minerals exploration in Australia surge by nearly a third in the September quarter to a seven-year high. Spending was A$877-million ($618-million) in the three months to September 30, up from A$666-million in the... →
Specify energy transition action now, the money’s there for it, UN climate envoy urges
By: Martin Creamer 7th December 2021 The energy transition is woefully under specified, the United Nations special envoy on climate change action and finance Mark Carney told a global webinar, in which he described the specifying of energy transition action as being “a matter of urgency”. Such specification, the webinar heard,... →
Glencore targeting recycling step change
By: Martin Creamer 6th December 2021 The goals of the Paris Agreement on climate change are best achieved through the circular economy, says diversified mining and marketing company Glencore, which sees recycling as being a significant means for relieving the growing burden that global decarbonisation is set to place on finite raw... →
Congo replaces head of Gecamines for first time in decade
By: Bloomberg 6th December 2021 Democratic Republic of Congo’s President Felix Tshisekedi named Alphonse Kaputo Kalubi as chairman of Gecamines, the State-controlled copper and cobalt mining company. Kalubi replaces Albert Yuma who served for more than 10 years at the helm of a company that’s key to mining in Congo, the... →
Exploration debate highlights Nema challenge
By: Martin Creamer 3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... →
Sunrise awarded major project status
By: Esmarie Iannucci 3rd December 2021 The Australian government has granted ASX-listed Sunrise Energy Metals 'major project' status for its A$2.4-billion Sunrise Battery Materials Complex project, in New South Wales. The Sunrise project is Australia’s biggest and most advanced battery materials project and contains the world’s... →
Fibre solution aids communication
By: Halima Frost 3rd December 2021 Multinational network operator Paratus Zambia is rolling out its fibre and microwave links to cover the Copperbelt mining area and is extending coverage to the border with the Democratic Republic of Congo (DRC). Paratus Zambia country manager Marius van Vuuren tells Mining Weekly that the... →
African Copperbelt a good mining destination – consultants
By: Halima Frost 3rd December 2021 The Central Africa Copperbelt is the obvious choice for miners looking to expand their copper portfolios, with the region being known for “world-class” deposits, says mining consultants The MSA Group. “Mining companies looking for a foothold in the region always focus on two things – prospective... →
Transport group eyes Copperbelt
By: Halima Frost 3rd December 2021 Specialist logistics group Unitrans Africa plans to use its copper handling success, in Botswana, as a launchpad to enter into mining operations in the Copperbelt of Zambia and the Democratic Republic of Congo. “Our recent success in on-mine copper materials handling and pit development, paired... →
Rising demand for separation compound
By: Halima Frost 3rd December 2021 Since the partnership between global chemicals producer 2M Holdings and speciality materials company Celanese, established in 2014, demand for its methyl isobutyl carbinol (MIBC) compound, used to separate copper from ore, has grown substantially in the Central Africa region. 2M Holdings South... →
Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani
By: Martin Creamer 2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... →
Congo State cobalt monopoly aims to start buying in January
By: Reuters 2nd December 2021 Democratic Republic of Congo's state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world's biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62... →
Even the battery boom can’t escape world’s supply chain woes
By: Bloomberg 1st December 2021 Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change. Higher raw material costs could push the average price of a lithium-ion battery pack to $135 per kilowatt-hour in 2022, a 2.3% gain from this year’s... →
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