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Cobalt News
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... →
Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers 
By: Martin Creamer 21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... →
Mine achieves massive earnings boost after employing four more people
By: Martin Creamer 19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... →
China Moly's Congo mine expansion project starts trial production
By: Reuters 19th July 2021 The expansion project of China Molybdenum's Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo had started trial production on July 16, the company said in a statement. The expansion project of the TFM mine is expected to produce 88 500 t of copper cathode and 7 280 t of cobalt... →
Small miners aim for European supply chain for EVs independent from China
By: Reuters 16th July 2021 Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent... →
Local manufacturer supplies apron feeders to DRC mine
By: Schalk Burger 16th July 2021 Mining equipment manufacturer Takraf has supplied two apron feeder machines for a leading copper/cobalt producer, in Democratic Republic of Congo (DRC). The apron feeders, which are being installed in two new crushing stations at the mine, are 1.83 m wide, 11.2 m long (180° incline) and feed... →
Congo's cobalt monopoly to set price floor for artisanal miners
By: Reuters 15th July 2021 The Democratic Republic of Congo's state cobalt buyer will put in place a price floor of $30 000 a tonne for the cobalt it buys from artisanal miners, Entreprise Generale du Cobalt (EGC) director-general Jean-Dominique Takis told Reuters. Cobalt, which is trading at around $50 000 a tonne, is... →
Well-known mining personalities behind new green metals SPAC
By: Mariaan Webb 15th July 2021 Former executives of Canadian miner Detour Gold have teamed up with some of the biggest names in Australian mining and a Glencore director to launch a special purpose acquisition company (SPAC) targeting assets fitting the green-economy metals and mining profile. Increasingly popular, SPACs are... →
UK fraud unit finds bribe network behind world’s cobalt hub
By: Bloomberg 15th July 2021 UK prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo. Companies repeatedly bribed officials to further their business interests... →
Life in mining-dependent countries significantly improved – ICMM
By: Martin Creamer 14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... →
EU, Ukraine sign preliminary deal on key raw materials, batteries
By: Reuters 13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... →
Congo likely to start artisanal cobalt buying within eight weeks
By: Reuters 12th July 2021 The Democratic Republic of Congo is expected to start buying cobalt from artisanal miners within eight weeks as it aims to become the only legal buyer from miners in the informal sector. The government is looking to capitalise on soaring demand for rechargeable lithium-ion batteries for electric... →
‘Green’ metals demand contributes to renewed optimism among Canadian miners
By: Creamer Media Reporter 9th July 2021 Rising demand for ‘green’ metals as the world transitions to clean energy is contributing to renewed optimism in the growth prospects for Canada’s mining industry, a new report by KPMG finds. The ‘Risk and Opportunities for Canadian miners’ report, which is based on a survey of 225 global mining... →
Firefly and Gascoyne firm up demerger plans
By: Esmarie Iannucci 8th July 2021 ASX-listed gold developers Gascoyne Resources and Firefly Resources have inked a binding demerger implementation agreement for the demerger of certain assets into a newly incorporated subsidiary of Firefly. The two companies in June this year struck a merger agreement under which Gascoyne would... →
Jervois makes FID on Idaho cobalt operation
By: Esmarie Iannucci 6th July 2021 The board of triple-listed Jervois Mining has approved the $78.4-million construction of the Idaho operation (ICO), in the US, following the successful pricing of a $100-million bonds offering. The ASX, TSX-V and OTC-listed Jervois on Tuesday said that first production from ICO was stull... →
Eramet says Europe must help its miners gain access to EV metals
By: Bloomberg 5th July 2021 France’s Eramet said governments in Europe must help the region’s mining companies gain greater access to metals needed for car batteries, since such resources are mostly found on other continents. Demand for battery raw materials such as nickel, lithium and cobalt is surging as carmakers... →
Jervois prices A$100m bond for cobalt start
By: Esmarie Iannucci 5th July 2021 ASX and TSX-listed Jervois Mining has secured a $100-million bond offering to fund the construction of its Idaho cobalt operations, in the US. The bonds are US dollar denominated and have a five-year term, unless repurchased or redeemed, bearing a 12.5% a year interest, payable semi-annually in... →
Mining vital to economy, can help guide country's path – President
By: Martin Creamer 5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... →
Shortages flagged for EV materials lithium and cobalt
By: Reuters 1st July 2021 As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages. High lithium prices have failed to spur... →
Missouri Cobalt says construction of hydrometallurgical facility in final stages
By: Creamer Media Reporter 1st July 2021 US-based Missouri Cobalt is in the final stages of building a hydrometallurgical facility, which will allow the company to begin producing battery-grade cobalt and nickel. Missouri Cobalt says in a statement that the hydrometallurgical facility forms part of its objective of becoming a leading... →
Glencore paid governments $5.8bn, working hard to develop local skills
By: Martin Creamer 30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... →
Glencore CFO Steven Kalmin
Red Rock starts drilling at DRC copper/cobalt project
By: Marleny Arnoldi 29th June 2021 London-listed explorer Red Rock Resources has started a 2 000 m reverse circulation drill programme to delineate a resource on the Luanshimba copper/cobalt project, in the Haut-Katanga province of the Democratic Republic of Congo (DRC). Samples from 20 or more holes of drilling will be sent for... →
Hanrui Cobalt applies for HK listing to fund expansion
By: Reuters 25th June 2021 Nanjing Hanrui Cobalt Co, one of China's biggest producers of the metal used in electric vehicles (EVs), has applied to list shares in Hong Kong as it seeks funds to expand production and diversify into other battery metals such as lithium and nickel. The company, which is already listed in... →
Glencore to reopen one of world’s biggest cobalt mines in Congo
By: Bloomberg 21st June 2021 Glencore could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine. Congo’s new mines minister, Antoinette N’Samba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of... →
Partnership removes thousands of children from forced labour at DRC mines
By: Donna Slater 18th June 2021 In marking the United Nations (UN) Week of Action against child labour, from June 10 – 17, diversified natural resources group Eurasian Resources Group (ERG) reflects that it has enabled thousands of children to leave mining activities, through its partnership with nonprofit organisation the Good... →
Cobalt supply must double by 2030 to meet demand - Trafigura exec
By: Reuters 16th June 2021 Cobalt supply will need to double by 2030 from current levels to meet surging demand for the key ingredient used in electric vehicles, commodity trading house Trafigura's head of nickel and cobalt trading said on Wednesday. "We estimate that we need twice as much (cobalt) supply by 2030,"... →
Volkswagen seeks partners for battery materials race
By: Reuters 16th June 2021 Volkswagen is in talks with suppliers to secure direct access to raw materials for electric vehicle (EV) batteries via partnerships, one of its board members told Reuters on Tuesday. The world's second biggest carmaker is trying to exert more control over key components in its supply chain such... →
300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM
By: Martin Creamer 15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... →
Cobalt Blue launches A$15m capital raise
By: Esmarie Iannucci 15th June 2021 ASX-listed Cobalt Blue will raise A$15-million in a share placement to fund the continued development of its Broken Hill cobalt project, in New South Wales. The company on Tuesday reported that it would issue 50-million shares in two tranches, at a price of 30c each. The company would also issue... →
Cobalt ‘bubble’ will burst, Ivanhoe exec in Congo says
By: Bloomberg 14th June 2021 The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the... →
White House highlights manganese as potential preferred battery element contender 
By: Martin Creamer 14th June 2021 The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... →
The White House on building supply chains.
Early Tesla investor backs firm that tracks metals supply chain
By: Bloomberg 11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... →
Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
By: Martin Creamer 11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... →
ARR prospects for scandium on Zenith property
By: Marleny Arnoldi 10th June 2021 ASX-listed American Rare Earths (ARR) has acquired the rights to explore, develop and process scandium, nickel and cobalt at the Split Rocks project, in Western Australia. The acquisition of the Scandium Mineral rights over the project, from fellow-listed Zenith Minerals, is consistent with the... →
Sherritt reschedules refinery shutdown
By: Creamer Media Reporter 9th June 2021 Nickel and cobalt miner and refinery Sherritt International has deferred the planned full-maintenance shutdown of its refinery in Fort Saskatchewan, Alberta, by two months to mitigate Covid-19 risks. The shutdown has been postponed from June to August. “While the number of local Covid-19 cases... →
US must work with allies to secure electric vehicle metals - White House
By: Reuters 8th June 2021 The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday. The strategy, first reported by Reuters in late May, will include new... →
Mining firms with higher ESG ratings outperform market – PwC
By: Martin Creamer 8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index, PwC... →
Resource statement released to tempt new investment
By: Esmarie Iannucci 3rd June 2021 The federal government on Thursday released its first Global Resources Statement as part of its efforts to attract foreign investment and partnerships to develop Australia’s natural resources. The Global Resources Statement is the first milestone under the government’s Global Resources Strategy,... →
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