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Cobalt News

Pallinghurst to acquire 19.2% of Talon Metals

By: Donna Slater     18th October 2021 The Pallinghurst Group, through Pallinghurst Nickel International, on October 18 agreed to acquire 133.61-million common shares of Talon Metals Corporation at a purchase price of $0.60 apiece and an aggregate value of $80.16-million. The acquisition follows a binding private agreement with... 

South Africa needs to ramp up critical minerals exploration as world decarbonises - study 

By: Terence Creamer     13th October 2021 The South African mining sector can remain internationally competitive and support socioeconomic development only if it drives decarbonisation and adapts to the global shift in commodity demand towards minerals used in green sectors such as renewable electricity and electric vehicles (EVs), a new... 

A photo of an iron-ore stockpile

Europe's carmakers face raw material bottleneck for EV batteries

By: Reuters     13th October 2021 Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge as they seek to go electric - finding enough battery raw materials. Failure to obtain adequate supplies of lithium, nickel, manganese or cobalt... 

Miners disclose CO2 emissions on LME's sustainability register

By: Reuters     13th October 2021 Nine metal producers including Antofagasta and Teck Resources have disclosed the carbon emissions from their metal producing operations on the London Metal Exchange's newly launched digital register. The register known as LMEpassport is aimed at users of the exchange wanting to support the... 

Red Rock completes RC drill programme at Luanshimba

By: Tasneem Bulbulia     11th October 2021 Natural resource development company Red Rock Resources has completed a reverse circulation (RC) drill programme at the Luanshimba copper/cobalt project in the Haut-Katanga province of the Democratic Republic of Congo. The Luanshimba project is operated by Red Rock Galaxy, an 80%-owned Congolese... 

The hottest party in the metals world is back, but much smaller

By: Bloomberg     11th October 2021 Near-record copper prices are usually a sure sign that the parties will be extravagant and the champagne will flow all night when the metals world descends on London. But with Covid-19 still raging across much of the globe, the famously rowdy annual gathering of traders, financiers and producers... 

Exploration key to keeping South Africa on right side of future – investors 

By: Martin Creamer     11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... 

Creamer Media screenshot of panel discussion at Joburg Indaba in October 2021
Photo by Creamer Media
Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.

Britishvolt joins Fair Cobalt Alliance

By: Schalk Burger     8th October 2021 UK battery cell technologies company Britishvolt has joined the Fair Cobalt Alliance (FCA), which is committed to developing responsible and fair artisanal and small-scale mining (ASM) cobalt supply in the Democratic Republic of Congo (DRC). The FCA is a multistakeholder action platform that... 

Congo looks to lure more investment to tap green metals deposits

By: Bloomberg     8th October 2021 The Democratic Republic of Congo (DRC) is working on ways to entice more investment into its mines as the green revolution boosts demand for metals used in sectors like rechargeable batteries. The world’s largest producer of cobalt and Africa’s top copper miner is looking to tap more of its... 

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Global metals, mining demand ‘tepid at best’ – WoodMac

By: Simone Liedtke     6th October 2021 With the global metals and mining markets having faltered under the weight of Covid-19 pandemic-driven lockdowns, demand outside of China was “tepid at best and in freefall at worst”, says global research and consultancy group Wood Mackenzie (WoodMac). From a mined commodities perspective,... 

Pic of Mining Equipment

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Metso Outotec wins Canadian cobalt refinery contract

By: Mariaan Webb     5th October 2021 Canada’s First Cobalt has awarded a contract to mineral processing and metal refining solutions company Metso Outotec for the design and manufacturing of solvent extraction cells, as well as technical support for the layout of a new solvent extraction plant and its process control. The solvent... 

An image of the First Cobalt refinery

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

From minerals to beer, Congo’s Finance Minister hunts for cash

By: Bloomberg     5th October 2021 The Democratic Republic of Congo is intent on revisiting mining contracts, rescinding and reselling unused oil permits and boosting taxes on beer to fund its development plans, according to Nicolas Kazadi, the country’s finance minister. A country the size of Western Europe with 80-million... 

Seafloor minerals explorer TMC confirms development, capital plan

By: Mariaan Webb     4th October 2021 The Metals Company (TMC) has sufficient cash resources to deliver on its goals in the next two years, including submitting an application to the International Seabed Authority (ISA) for its Nordi-D contract area, which contains high-grade copper, cobalt and manganese resources. The seafloor... 

An image of a vessel exploring offshore.

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Congo reviews $6.2bn China mining deal as criticism grows 

By: Bloomberg     28th September 2021 The Democratic Republic of Congo (DRC) began reviewing a $6.2-billion minerals-for-infrastructure deal with China that’s faced growing criticism since President Felix Tshisekedi came to power almost three years ago. Congo’s council of ministers agreed to create a commission to investigate “major... 

Jervois plans less staggered SMP restart, product switch

By: Mariaan Webb     27th September 2021 Dual-listed Jervois is planning a bigger, less staggered restart of its São Miguel Paulista (SMP) refinery, in Brazil, and is considering switching product to nickel sulphate, rather than metal. The company explained on Monday that nickel sulphate was trading at a significant premium to metal, a... 

Australia to play key role in supplying raw minerals to fellow Quad nations

By: Reuters     26th September 2021 The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia's Prime Minister Scott Morrison. The Quad nations, in their first in-person summit on Friday... 

An image of Scott Morrison
Australian PM Scott Morrison

First Cobalt resumes drilling at Iron Creek

By: Reuters     23rd September 2021 First Cobalt said on Thursday it began drilling at Iron Creek, its cobalt-copper project in Idaho, seeking to double production as higher demand for electric vehicles boosted prices for the metals used in the batteries. A global drive towards electrification of road transport to reduce carbon... 

Vulcan Minerals, Fjordland ink deal for working interest in South Voisey Bay

By: Simone Liedtke     23rd September 2021 TSX-V-listed Vulcan Minerals has inked a binding letter of intent with explorer Fjordland Exploration, which grants Fjordland the option to acquire a 100% working interest in 30 mineral claims (750 ha) located in the South Voisey’s Bay area, Labrador. Under the terms of the agreement, Fjordland... 

Cobalt investments seen shifting from DRC to 'bright spot' Australia

By: Simone Liedtke     23rd September 2021 Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

US miners decry mineral royalty plan floated in Congress

By: Reuters     17th September 2021 US mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green... 

An image of the US Capitol building

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

CAML exploring avenues to reduce emissions

By: Mariaan Webb     15th September 2021 London-listed Central Asia Metals (CAML) is exploring avenues to reduce emissions at its mines in North Macedonia and Kazakhstan, as the company continues working towards developing a climate change strategy. CAML, which on Wednesday announced interim results, said that it had negotiated to... 

An image of the Sasa operations in North Macedonia.
Sasa operations in North Macedonia

Talon announces high grades at Minnesota nickel project

By: Creamer Media Reporter      15th September 2021 Toronto-listed Talon Metals on Wednesday announced record grades at its Tamarack nickel/copper/cobalt project, in Minnesota, with VP for exploration Brian Goldner saying that the project could be a vital source for the US electric vehicle battery supply chain. “Grade is ‘king’ in mining, and our... 

Jubilee completes three transactions to expand Zambia tailings projects

By: Donna Slater     15th September 2021 Aim- and AltX-listed metals processing company Jubilee Metals Group has made significant further progress at its copper and cobalt tailings projects, in Zambia, with the successful execution of three strategic transactions. The transactions, worth a combined $24.77-million, include the Kitwe... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Conservation body calls for global moratorium on deep-sea mining

By: Reuters     9th September 2021 Environment officials and campaigners have called for a global moratorium on deep-sea mining and on issuing new exploration contracts unless marine ecosystems can be effectively protected. Thousands of conservationists, scientists, and diplomats voted in favour of the moratorium late Wednesday at... 

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

BMW orders up $24bn worth of batteries as EV demand grows

By: Bloomberg     6th September 2021 BMW has boosted orders for batteries cells to keep pace with accelerating demand for electric cars that made up for more than 11% of deliveries during the half of the year. The German carmaker now has contracts for more than €20-billion worth of batteries, up from €12-billion previously, CEO... 

Supplier keeps up with tech revolution

By: Halima Frost     3rd September 2021 Based on its BlueTechnology philosophy, metallurgical industry supplier SMS group has significantly broadened its expertise in processing, supplies and services for nonferrous metals production over the past year to meet the highest requirements of customers. “BlueTechnology in nonferrous metals... 

Three BlueSmelters supplied by SMS group in operation at Aurus automobile company in Russia for recycling of waste electrical and electronic equipment
BLUE GROUP SMS group has implemented its range of BlueTechnology offerings at a greenfield plant in Russia for the recycling of waste electrical and electronic equipment

Jervois completes Freeport Cobalt buy

By: Esmarie Iannucci     2nd September 2021 Triple listed Jervois Global has closed the $160-million buy of Finland-based Freeport Cobalt. Jervois in July this year struck an agreement to acquire Freeport Cobalt, which is the cobalt refining and speciality products business retained by US-headquartered Freeport-McMoRan and Toronto-listed... 

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