R/€ = 17.21 Change: -0.17
R/$ = 16.50 Change: -0.21
Au 1810.70 $/oz Change: -4.32
Pt 892.00 $/oz Change: -24.50

Cobalt News

Orion identifies multiple priority targets at Okiep copper project

By: Simone Liedtke     1st September 2021 Diversified metals explorer and developer Orion Minerals has identified multiple priority electromagnetic (EM) targets at its Okiep copper project, in South Africa’s Northern Cape, following a recently completed airborne EM survey. Sixteen ‘late-time’ EM targets have already been detected from an... 

Congo copper sales increase 10% in H1, cobalt up 15%

By: Reuters     31st August 2021 Copper sales in Democratic Republic of Congo rose 10% in the first half of 2021 compared to the same period last year, while cobalt sales climbed 15%, the mines ministry said on Tuesday. Exports and local sales of copper stood at 871 956 tonnes, while sales of cobalt were recorded at 44 654... 

Jervois completes A$313m capital raise

By: Esmarie Iannucci     30th August 2021 Dual-listed Jervois Global has closed the retail component of its entitlement offer, raising A$178-million. Jervois in July announced a A$313-million equity raise comprising an A$87-million institutional placement and a A$226-million 1-for-1.56 accelerated prorate non-renounceable entitlement... 

DRC reviewing $6bn mining deal with Chinese investors – Finance Minister

By: Reuters     27th August 2021 The Democratic Republic of Congo's (DRC's) government is reviewing its $6-billion "infrastructure-for-minerals" deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister Nicolas Kazadi told Reuters. President Felix Tshisekedi said in May that some mining... 

Cobalt producer Ambatovy makes surprise pick of Stratton as marketing partner

By: Reuters     27th August 2021 Madagascan miner Ambatovy has agreed a deal for Britain-based Stratton Metals to market its cobalt in the US and Europe, two sources with direct knowledge of the matter said, surprising the market which had expected Sumitomo Corp to keep the contract. Ambatovy produces nickel and cobalt... 

Machine learning reaches mineral prospecting

By: Halima Frost     27th August 2021 The partnership between mining consulting services provider The MSA Group and Canadian mining software developer Koan Analytics has resulted in machine learning being available to minerals explorers in South Africa and throughout the world. “The partnership offers access to the most advanced... 

A map of ore deposits in a x-ray type image Ontario Canada for MSA Group and Koan
MINERAL MAP Clients will be able to use machine learning technology to map mineral resources across the globe

Real-time ore analysis set for African market

By: Halima Frost     27th August 2021 Digital mining solutions provider MineSense is establishing offices in Africa and Europe to introduce its real-time ore analysis technologies to the African Copperbelt by the fourth quarter. “Once we have successfully introduced the technology to the upper Africa region, we intend on filtering... 

An image of a large red tracked front loader at the mine face with bucket full of ore ready to be graded by a ShovelSense system
Caption: GRADE EXPECTATIONS The new ShovelSense ore grading technology is expected to reach African shores before the end of the year

Testing facility expansion under way

27th August 2021 Swiss multinational metals and minerals trade commodities group SGS has seen a rising demand for testing services to meet client requirements and, to facilitate the needs of its clients, it announced the construction of its new, state-of-the-art laboratory in April this year. 

Staff at SGS Group standing in front of a site being constructed at its better testing facility in Spijkenisse near the Port of Rotterdam
BREAKING GROUND The new groundbreaking state-of -the-art facility being built by SGS Group will allow for better testing

Battery giant CATL weighs buying stake in miner Jinchuan

By: Bloomberg     26th August 2021 Contemporary Amperex Technology (CATL) is considering buying a minority stake in Chinese miner Jinchuan Group International Resources, in the hopes of securing supplies of key battery metals, people with knowledge of the matter said. Ningde, Fujian-based CATL, which is the world’s biggest... 

Anglo Pacific starts CEO search, puts Narrabri coal royalty up for sale

By: Mariaan Webb     25th August 2021 London- and Toronto-listed Anglo Pacific Group on Wednesday announced that Julian Treger would step down from his role as CEO by the end of March next year, and said that a comprehensive search process was under way to find his successor. Treger joined Anglo Pacific in 2013 and has been... 

Treger has been credited for the $205-million Voisey's Bay cobalt stream acquisition, which transformed Anglo Pacific.
Treger has been credited for the $205-million Voisey's Bay cobalt stream acquisition, which transformed Anglo Pacific.

Jubilee ups Zambian refining footprint with new Mopani copper/cobalt MoU 

By: Martin Creamer     24th August 2021 London Aim and JSE AltX-listed metals processing company Jubilee Metals announced on Tuesday that it had entered into a binding memorandum of understanding (MOU) on the refining of copper and cobalt, both highly sought-after green metals. The MOU with Mopani, a subsidiary of ZCCM Investment in... 

Picture of Leon Coetzer taken by Creamer Media.
Photo by Creamer Media
Jubilee CEO Leon Coetzer

First Cobalt secures $45m for refinery construction

By: Mariaan Webb     24th August 2021 Battery materials company First Cobalt has secured a $45-million debt and brokered equity financing package for the construction of its refinery in Ontario, it announced on Monday. "This is one of our most important catalysts for the year, as this financing will allow us to advance construction... 

An image of the First Cobalt refinery building in Ontario, Canada.

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Madagascar mining minister resigns, citing online 'slander'

By: Reuters     20th August 2021 Madagascar's new mining minister Brice Randrianasolo resigned late on Thursday, citing online "slander" related to a legal case in which he was previously involved. The online criticism arose from charges of fraud Randrianasolo had faced in 2018 but were subsequently dismissed, he said in a... 

US moves to secure critical minerals for EV supply chain

By: Darren Parker     20th August 2021 Modern civilisation was built on fossil fuels, with the invention and commercialisation of the internal combustion engine during the 1800s setting the stage for petroleum-based vehicles to be dominant worldwide for the next 150 years. Various oil majors continue to produce huge volumes of oil and... 

Image of Engineering News and Mining Weekly magazine cover

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore, Britishvolt sign strategic partnership for long-term supply of cobalt

By: Tasneem Bulbulia     17th August 2021 Diversified mining and marketing company Glencore has entered into a long-term strategic partnership to supply UK-based lithium-ion battery cell technologies investor Britishvolt with responsibly sourced cobalt. The partnership represents a major milestone for Britishvolt on its quest to assist... 

EV makers eye bigger battery-metals role by inking mining deals

By: Bloomberg     17th August 2021 Electric vehicle (EV) makers are pushing for an intermediary role in mining to secure supplies of key battery metals, according to the head of Wheaton Precious Metals Corp. “We’ve had discussions on that and Tesla has definitely explored these options,” CEO Randy Smallwood said Friday in a phone... 

Wheaton Precious Metals CEO Randy Smallwood
Wheaton Precious Metals CEO Randy Smallwood

Ivanhoe Mines Energy tasked with delivering renewable hydropower for Kamoa-Kakula 

By: Simone Liedtke     16th August 2021 Ivanhoe Mines Energy, a subsidiary of TSX-listed Ivanhoe Mines and sister company of Kamoa Copper, has been tasked with delivering reliable, clean, renewable hydropower to the Kamoa-Kakula copper mine, in the Democratic Republic of Congo (DRC). Ivanhoe Mines has also extended its existing... 

Sumitomo develops rechargeable battery recycling technology

By: Reuters     16th August 2021 Japan's Sumitomo Metal Mining said on Monday it had developed a technology to recover nickel and cobalt from rechargeable batteries such as used lithium-ion-batteries (LIBs) that can be reused as raw materials for LIBs. Japan's biggest nickel smelter, which has been able to recover nickel and... 

Battery minerals demand unlocks exploration

By: Nadine Ramdass     13th August 2021 Increased interest in the development of electric vehicles (EVs) and battery storage has created demand for the minerals required for their development. This, in turn, provides opportunities to explore such minerals, which ASX-listed exploration and development company Celsius Resources is... 

An image of drilling at Celsius Resources' Opuwo project
DRILLING AT OPUWO Opuwo project is in a politically stable region

Re|Source cements partnership with Tesla

By: Simone Liedtke     12th August 2021 Renewable energy sourcing forum Re|Source acknowledges the progress made by electric car company Tesla in implementing the pilot project, which aims to trace responsibly-sourced cobalt, across its supply chain. Re|Source, which focuses on solutions to trace responsibly produced cobalt from the... 

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Red Rock drills deeper to find copper mineralisation at DRC project

By: Marleny Arnoldi     10th August 2021 London-listed diversified miner Red Rock Resources says drilling at the Luanshimba copper/cobalt project, in the Democratic Republic of Congo (DRC), is proceeding satisfactorily after experiencing a slow start. The company has replaced an initial rig with a more powerful model and expects to... 

Base metals to profit from solar demand

10th August 2021 The critical minerals sector is poised to become a major benefactor in the increase in global demand for solar power, advisory firm Wood Mackenzie (Woodmac) said this week. A new report from Woodmac has shown that solar power would have a significant impact on demand for aluminium, copper, and... 

An image of solar PV panels.

China Moly to spend $2.5bn to double copper, cobalt output at Congo mine

By: Reuters     6th August 2021 China Molybdenum Co said on Friday it would spend $2.51-billion to roughly double production of copper and cobalt at its giant Tenke Fungurume mine in the Democratic Republic of Congo. The bumper investment comes as prices for both metals have jumped in 2021 amid a demand rebound from the... 

Ferrochrome is part of the green revolution – Glencore 

By: Martin Creamer     6th August 2021 Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We've seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said. 

An image showing wind turbines in Canada
Glencore, which uses wind turbine generated energy in Canada and Australia, is looking to also do so in South Africa.

Tangible gains derived from ERG Africa’s commitment to women

6th August 2021 Global diversified resources company Eurasian Resources Group’s (ERG’s) African operation’s commitment to women empowerment and gender equality, evident in its Code of Conduct and Human Rights Policy, has provided a strong impetus to its corporate social investment (CSI) initiatives and its... 

An image of ERG Africa CCO Isabel Ramírez
ISABEL RAMÍREZ ERG Africa’s success in attracting and retaining women is the fact that gender inclusivity is enshrined in the company’s corporate culture and in its Code of Conduct

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

CATL's new sodium ion battery to help ease lithium shortages

By: Reuters     3rd August 2021 The development of a new sodium-ion battery by Chinese battery giant CATL is expected in the coming years to relieve pressure on lithium supplies, which are forecast to see shortages as early as 2022. As the world seeks to cut carbon emissions, partly by ramping up electric vehicle (EV) output,... 

IGO open to more acquisitions

By: Esmarie Iannucci     2nd August 2021 ASX-listed Independence Group (IGO) is still open to nickel, copper and cobalt acquisitions, MD and CEO Peter Bradford said on Monday. Speaking on the sidelines of the Diggers & Dealers conference, he said that the company would evaluate potential acquisition opportunities on a range of... 

Bluejay to sell Finnish assets to dedicated battery metals firm

By: Mariaan Webb     28th July 2021 Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder. Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale... 

Jervois completes first part of funding drive

By: Esmarie Iannucci     28th July 2021 Triple-listed Jervois Mining has raised some A$136-million following the completion of an institutional placement and the institutional component of its entitlement offer. The company earlier this week announced a A$313-million equity raise comprising an A$87-million institutional placement and... 

Founding Glencore partner Issroff to join cobalt miner Jervois board

By: Mariaan Webb     27th July 2021 Australia-headquartered cobalt and nickel mining and refining company Jervois Mining has recruited David Issroff, a founding partner with commodities giant Glencore and an ex-Xstrata board member, to serve as a nonexecutive director of its board. Jervois, which this week announced the... 

An image of David Issroff
David Issroff

Jervois to buy Finland cobalt refining business for $160m

By: Mariaan Webb     27th July 2021 Dual-listed Jervois on Tuesday announced that it would by Finland-based Freeport Cobalt in a $160-million deal, creating a pathway to transform the company into the second-largest producer of refined cobalt outside China. Freeport Cobalt is the cobalt refining and speciality products business... 

An image showing a refinery in Finland.
Freeport Cobalt has contractual rights to about 40% of the capacity of the Kokkola refinery (pictured), in Finland.

IGO acquires Silver Knight

By: Esmarie Iannucci     27th July 2021 ASX-listed Independence Group (IGO) has struck a A$45-million transaction agreement to acquire the Silver Knight nickel/copper/cobalt sulphide deposit, in Western Australia. IGO on Tuesday announced that it had entered into a binding agreement with entities owned and controlled by Mark Creasy to... 

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Jervois settles bond offering

By: Esmarie Iannucci     22nd July 2021 Triple listed Jervois Mining has resumed share trading on the ASX after settling its $100-million bond offering, which will be used to fund the construction of the Idaho cobalt operation (ICO), in the US. The first two draw-downs of 50% of the bond offering is anticipated in the fourth quarter... 

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