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Cobalt News

Gecamines plans overhaul of mining JVs in world's top cobalt supplier

By: Reuters     20th February 2024 The Democratic Republic of Congo's (DRC's) State miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to gain leverage in management of some of its biggest mines. Gecamines is also leveraging existing... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

By: Bloomberg     20th February 2024 Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks. So when China surprised the markets by restricting exports of two niche... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Switchgear units supplied to DRC copper mine

16th February 2024 Switchgear manufacturer and supplier Actom MV Switchgear has been awarded a contract to supply the extensive new Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) with power distribution supplier GELPAG’s solid insulated switchgear (SIS) units, which will be used in underground... 

Two ladies working on a group of electrical switchgear units
SWITCHING IT UP The contract to supply further switchgear units to the Kamoa-Kakula copper mine in the Democratic Republic of Congo has been awarded to Actom MV Switchgear

Pursuing sustainable battery metals supply

16th February 2024 Despite a projected gradual decrease from 76% of global cobalt mine production in 2023 to 67% in 2028 and 66% in 2033, the DRC will continue to be the most dominant producer globally, according to price reporting and research agency Benchmark Mineral Intelligence. This decrease in production... 

An aerial view of a formal copper mine in DRC with load haul dump vehicles
CHAIN OF SUPPLY The copper mining sector in the Democratic Republic of Congo will benefit from the global increased demand for battery metals

DRC investment to be buoyed by elevated copper price

By: Halima Frost     16th February 2024 A forecasted increase in global copper prices will encourage continued investment in the “copper and cobalt mining powerhouse of Africa” – the Democratic Republic of the Congo (DRC) – reports business advisory firm BDO South Africa senior audit manager Dorcas Nhlapo. She attributes this elevated... 

A group of make shift tents and lean to's in the DRC Bush which houses artisanal miners and their families
COPPER CAMPOUT An artisanal miner encampment which is a prolific occurrence in the Democratic Republic of the Congo

Human rights a key issue

By: Halima Frost     16th February 2024 Modern slavery risk mitigation data and research company Evidencity says although poor governance is an endemic issue in the mining sector of the Democratic Republic of Congo (DRC), the protection of human rights – primarily those pertaining to the use of child labour – is the greatest challenge.   

 A young boy miner stood in front of an openpit artisanal mine in the Democratic Republic of Congo
MINOR MINERS The use of children and disadvantaged people in the Democratic Republic of Congo mining sector is rampant

Company growing presence in the DRC

By: Donna Slater     16th February 2024 Amidst the growing global spotlight on the Democratic Republic of Congo (DRC) as a key player in copper and cobalt mining, asset integrity management and industrial solutions company DGC Africa’s – a group of the Dickinson Group of Companies – new headquarters in Kolwezi, in the DRC signifies not... 

UPSKILLING DGC Africa, equips people with essential skills for meaningful employment, benefiting both the local workforce and international mining companies operating in the DRC
UPSKILLING DGC Africa, equips people with essential skills for meaningful employment, benefiting both the local workforce and international mining companies operating in the DRC

Africa moves a step closer to continent’s first cobalt refinery

By: Bloomberg     15th February 2024 Africa could have its first cobalt sulphate refinery by the end of 2025, one of the few outside of China capable of making the product that’s a key component of lithium-ion batteries. Nigeria-based Africa Finance Corp. last week signed an expression of interest to provide $100-million in... 

IEA to launch security programme for minerals critical to energy sector

By: Reuters     14th February 2024 The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric... 

IEA executive director Fatih Birol
Photo by Bloomberg
IEA executive director Fatih Birol

Canada to accelerate critical mineral mining - Energy Minister

By: Reuters     14th February 2024 Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, Energy Minister Jonathan Wilkinson told Reuters on Tuesday. Ottawa is focused on six critical minerals key to making electric... 

Energy Minister Jonathan Wilkinson
Energy Minister Jonathan Wilkinson

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining’s focus switching to critical minerals, with ESG pressures increasing

By: Rebecca Campbell     12th February 2024 The need to transform the global energy system and to cut carbon emissions, to counter the danger of climate change, is shifting the mining spotlight away from traditional high-value resources, such as gold and diamonds, to what are now being called “critical transition minerals”. So stressed... 

Anglo American, Finnish Minerals sign battery value chain agreement 

By: Schalk Burger     12th February 2024 Mining multinational Anglo American and Finnish State-owned mining company Finnish Minerals Group have signed a memorandum of understanding (MoU) to explore opportunities to further support the northern European country's battery strategy. As a Finnish state-owned company with a mandate to foster... 

Anglo American projects and development director Alison Atkinson.
Anglo American projects and development director Alison Atkinson.

Honda talks test Canada’s desire to move away from blockbuster EV subsidies

By: Bloomberg     12th February 2024 Canada’s strategy to lure electric vehicle manufacturing is shifting toward financial incentives based on tax credits, and away from the huge production subsidies that were promised to companies including Volkswagen in 2023. But the pace of that transition will be put to the test this year as... 

Industry Minister Francois-Philippe Champagne
Industry Minister Francois-Philippe Champagne

Electra receives govt grant for Ontario cobalt sulphate refinery

By: Creamer Media Reporter      12th February 2024 The Canadian government made a $5-million investment to support the construction of North America’s first cobalt sulphate refinery, dual-listed Electra Battery Materials reported on Friday. The investment will be provided in the form of a grant from the Federal Economic Development Initiative... 

Electra CEO Trent Mell
Electra CEO Trent Mell

EU, US to align global minerals push against China’s supply grip

By: Bloomberg     12th February 2024 The US and the European Union are in talks to merge a core area of their efforts to engage suppliers of critical minerals in resource-rich nations, seeking to streamline their push against China’s dominance in materials key for future technologies. The aim is to combine the EU’s high-level... 

EU, US to align global minerals push against China’s supply grip

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

PDAC to focus on new industry fundamentals

9th February 2024 This year’s Prospectors and Developers Association of Canada (PDAC) convention, will include a key programme that will help miners understand how to navigate environmental, social and governance (ESG) factors and benchmarks, following the growing focus on ESG scorecards and the influence these... 

A group of core samples listed and on display at last years PDAC
AT THE CORE The Core Shack – a unique venue where explorers may display their core samples – will again be an attraction at this years PDAC

China's CMOC eyes further growth in Congo and beyond after taking cobalt crown

By: Reuters     8th February 2024 Chinese mining firm CMOC Group could buy more assets in copper and cobalt-rich Democratic Republic of Congo, and sees further potential for growth in South America and Indonesia, an executive told Reuters on Wednesday. "If there are opportunities, if there are assets that meet our criteria, of... 

Crucial to combine agricultural development with mining, Indaba hears 

By: Martin Creamer     7th February 2024 Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30... 

Ivanhoe Mines executive chairperson Robert Friedland.
Photo by Creamer Media
Ivanhoe Mines executive chairperson Robert Friedland.

Threat of climate change has transformed the image of mining

By: Rebecca Campbell     7th February 2024 The need to reduce global carbon emissions, to counter climate change, has transformed the public image of the mining industry, because of the urgent need to ramp-up the production of clean energy metals. So highlighted International Council on Mining and Metals (ICMM) CEO Rohitesh Dhawan,... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Congo's Gecamines and Entreprise Generale du Cobalt sign mining deal

By: Reuters     7th February 2024 Congo's State mining company Gecamines and its subsidiary Entreprise Generale du Cobalt (EGC) have signed an agreement granting EGC exclusive mining rights to five mining areas, the firms said on Wednesday. Created by government decree in December 2019, EGC was granted a monopoly on artisanal... 

Artisanal cobalt miners in the DRC
Artisanal cobalt miners in the DRC

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Red Rock hopes to end $10m arbitration in the DRC this week

By: Darren Parker     6th February 2024 Aim-listed Red Rock Resources has reported that closure is imminent with regard to its arbitration over a $10-million claim being pursued in the Democratic Republic of Congo (DRC) over its interest in the VUP copper/cobalt joint venture. On January 24, the company reported that its wholly-owned... 

US DFC boosts Congo funding, bids to de-risk world's top cobalt supplier

By: Reuters     6th February 2024 The US International Development Finance Corporation (DFC) said it was scaling up financing and guarantees for mining projects in Democratic Republic of Congo, to help de-risk and unlock private sector investment in the world's top cobalt producer. The DFC could more than double its investment in... 

A cobalt mining operation in the DRC

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Germany to channel €1bn to critical raw material needs

By: Bloomberg     2nd February 2024 The German government earmarked about €1-billion ($1.1-billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals in high-tech and green projects, according to people familiar with the plan. A selection process will be established to... 

A stockpile of lithium

Western miners lag as oil powers enter race for Africa's critical metals

By: Reuters     2nd February 2024 Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China's years of investment on the continent. Attracting the capital needed to advance copper,... 

Copper sheets produced in the DRC

Fortune extends option to acquire Alberta refinery site

By: Creamer Media Reporter      2nd February 2024 Toronto-listed Fortune Minerals has extended the option to purchase the JFSL Field Services (JFSL) brownfield industrial site in Lamont county, Alberta. Fortune plans to construct a hydrometallurgical refinery at this site to process concentrates from its NICO cobalt/gold/bismuth/copper deposit... 

Glencore reports lower production, builds solar plant in South Africa 

By: Marleny Arnoldi     1st February 2024 Diversified miner Glencore has reported lower volumes across its key commodities for the 2023 financial year, but notes that these were all nonetheless still within the guided ranges. The company’s own-mined production for the year totalled 1.01-million tonnes of copper, reflecting a 5%... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Blackstone executives volunteer to reduce cash-based salaries

By: Mariaan Webb     1st February 2024 ASX-listed Blackstone Minerals, which is developing an integrated battery metals processing business in Vietnam to produce nickel/cobalt/manganese precursor products, has announced cost-cutting initiatives to ride out difficult market and price conditions. To preserve cash and limit shareholder... 

Blackstone executives volunteer to reduce cash-based salaries

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Chinese companies to invest up to $7bn in Congo mining infrastructure

By: Reuters     29th January 2024 Chinese construction companies will invest up to $7-billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt joint venture in the Democratic Republic of Congo, they said on Saturday. Both parties agreed to maintain the current structure of the... 

Copper cathode produced in the DRC

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.

Moroccan miner Managem plans $300m – CEO

By: Reuters     22nd January 2024 Moroccan mining company Managem plans to increase its capital by three-billion dirhams ($300-million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad Touimi said. The decision was approved by shareholders as the company invests in gold, copper and... 

Strong showing by South Africa’s Hillside helps to lift South32 to record aluminium output 

By: Martin Creamer     22nd January 2024 Ongoing strong performance by South Africa’s Hillside Aluminium operation in KwaZulu-Natal has helped diversified mining company South32 achieve record half-year aluminium production. Moreover, South Africa Manganese sales increased by 9% in the December quarter at a 5% price premium to the... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

First Quantum Minerals exploring rights issue to ease debt - sources

By: Reuters     22nd January 2024 Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40% of its revenue, two sources familiar with the matter told Reuters. The company has not finalized... 

Battery maker Northvolt looks at sourcing cobalt from Congo

By: Reuters     19th January 2024 Swedish battery maker Northvolt is looking to source cobalt, used to make chemicals for electric vehicle batteries, from the Democratic Republic of Congo (DRC), the company said on Friday. The company has trialled material, studied work processes and compared plans to improve both social and... 

Artisanal cobalt miners in the DRC
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