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Cobalt News

DRC allows Zijin mine to resume operations, mines ministry letter says

By: Reuters     14th May 2024 Democratic Republic of Congo's government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group, according to a letter seen by Reuters on Monday. Congo's mines ministry last month halted the activities of the COMMUS project, in which... 

BHP insists Anglo American's South African assets must go in any takeover, sources say

By: Reuters     7th May 2024 BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26... 

The Sishen iron-ore mine
The Sishen iron-ore mine

Congo's $7bn infrastructure deal with China will depend on copper prices

By: Reuters     6th May 2024 About $7-billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of the agreement published on Friday show. The government of President Felix Tshisekedi pushed for a... 

The Tenke Fungurume mine in the DRC

Stillwater Critical Minerals raised C$3.89m in oversubscribed placement

By: Creamer Media Reporter      2nd May 2024 TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore spearheaded the placement, with a substantial $2.1-million order. 

Clean energy critical minerals can transform sub-Saharan Africa – IMF

By: Schalk Burger     30th April 2024 Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the potential to transform the region, the International Monetary Fund (IMF) states in its ‘Regional Economic... 

Critical minerals, food crops at risk of climate disruption by 2050, report shows

By: Darren Parker     30th April 2024 More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report, titled ‘Climate Risks to Nine Key Commodities Report’, shows that the production of copper, cobalt and... 

A graph showing the heat stress and drought riks of various commodities

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Kazakh miner ERG denies circumventing Congo subcontracting laws

By: Reuters     25th April 2024 Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job creation, and benefits to the country's economy. In a statement published last week, Congo's... 

ERG's Metalkol mine in the DRC
ERG's Metalkol mine in the DRC

World’s biggest energy traders are returning to metals markets

By: Bloomberg     24th April 2024 Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by... 

Vitol CEO Russell Hardy
Vitol CEO Russell Hardy

TMC produces first nickel sulphate from deep seafloor polymetallic nodules

By: Creamer Media Reporter      23rd April 2024 Exploration company TMC has successfully produced nickel sulphate exclusively from seafloor polymetallic nodules. This, the Nasdaq company says, has never been accomplished before. Conducted in collaboration with SGS Canada at its Lakefield, Ontario facility, the process involved bench-scale... 

TMC produces first nickel sulphate from deep seafloor polymetallic nodules

Zijin's Congo mine shipments returned due to radiation levels, ministry says

By: Reuters     23rd April 2024 Mineral shipments from a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which... 

Copper cathode produced in the DRC

Tailings to meet critical minerals demand

19th April 2024 The growing demand for clean energy technologies is anticipated to drive an increase in production of minerals, such as graphite, lithium and cobalt, with a portion of this demand being able to be met through the remining of tailings dumps containing those minerals, reports mine modelling... 

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Metals spike on LME after Russian supply hit by US, UK sanctions

By: Bloomberg     15th April 2024 Aluminum and nickel surged on the London Metal Exchange as traders responded to new US and UK sanctions that banned deliveries of any Russian supplies produced after midnight on Friday. The new restrictions, aimed at curbing President Vladimir Putin’s ability to fund his military, inject major... 

The new restrictions are at curbing President Vladimir Putin’s ability to fund his military
The new restrictions are at curbing President Vladimir Putin’s ability to fund his military

Congo seeks outside advice on imposing cobalt export curbs

By: Bloomberg     12th April 2024 The Democratic Republic of Congo, the top cobalt producer, is sounding out advice from international industry organizations over measures to raise the battery metal’s price, including through potential export quotas. It’s the latest attempt by the country — which supplies about 75% of the... 

Congo seeks outside advice on imposing cobalt export curbs

Nickel, copper, cobalt refinery receives licence

12th April 2024 Modern metals company Lifezone Metals has received a multi-metal processing facility licence from the Tanzanian government to refine nickel, copper and cobalt from its Kabanga nickel project at Kahama, located beside gold miner Barrick Gold’s former Buzwagi gold mine. The Kabanga nickel project... 

KAHAMA REFINERY LICENCE
Lifezone CEO Chris Showalter receives the Kahama refinery licence with a handshake from Tanzania Minerals Minister Anthony Mavunde
KAHAMA REFINERY LICENCE Lifezone CEO Chris Showalter receives the Kahama refinery licence with a handshake from Tanzania Minerals Minister Anthony Mavunde

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

DRC, CMOC agree to bolstering Congolese participation at cobalt mine

By: Tasneem Bulbulia     8th April 2024 The Congolese Regulatory Authority for Subcontracting in the Private Sector, or Authorité de Régulation de la Sous-traitance dans le Secteur Privé (ARSP), has announced a new agreement with China’s CMOC Group, the majority shareholder at the world’s second largest cobalt mine Tenke Fungurume... 

An image of the Tenke Fungurume mine in the DRC
Photo by Reuters
Tenke Fungurume mine

Red Rock provides updates on DRC arbitration, Burkina Faso project

By: Tasneem Bulbulia     5th April 2024 Aim-listed Red Rock Resources has provided an update on its arbitration in the Democratic Republic of Congo (DRC) with respect to the claim the company is pursuing in-country for its interest in the VUP copper/cobalt joint venture (JV). On February 5, Red Rock noted that a finalisation of the... 

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Newlyn launches R3.4bn multimodal rail terminal at Durban port

By: Tasneem Bulbulia     5th April 2024 Port logistics company the Newlyn Group on April 4 unveiled the Newlyn PX Bayhead rail terminal, strategically located next to the Port of Durban, aimed at opening intra-Africa and local trade and investment opportunities. “This is a major milestone for South Africa and showcases what can be... 

An image showing the Newlyn Group unveileng the Newlyn PX Bayhead rail terminal
Newlyn PX Bayhead rail terminal launch

Regional growth prospects remain positive

By: Lumkile Nkomfe      5th April 2024 Long-term growth prospects in West Africa remain positive, says security research organisation the Institute for Security Studies (ISS), with the scenarios emerging from its African Futures and Innovation Programme International Futures (IF) assessment model forecasting the region to increase its... 

An image of mining haul trucks
SUSTAINED GROWTH West Africa continues to leverage its natural and mineral resources

Congo suspends ERG subcontractors at major cobalt mine

By: Bloomberg     4th April 2024 The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies working at mines run by Eurasian Resources Group (ERG), as the cobalt and copper producer faces fresh complications in the country. The government first announced the ban on March 14, alleging that the firms aren’t... 

The Metalkol mine
The Metalkol mine

Glencore boosts investment in Stillwater Critical Minerals

By: Mariaan Webb     2nd April 2024 Global commodities trader Glencore is investing a further C$2.1-million into Stillwater Critical Minerals, providing financial support for the continued exploration of the company’s North American nickel projects. TSX-V-listed Stillwater last week announced a nonbrokered private placement... 

Glencore boosts investment in Stillwater Critical Minerals

Rivers near Congo copper and cobalt mines are toxic, report says

By: Bloomberg     28th March 2024 River water near some of Democratic Republic of Congo’s biggest copper and cobalt mines is toxic and may be causing widespread health problems. Scientists from Congo’s University of Lubumbashi tested water in four rivers this month near some of the country’s largest mines and found them to be... 

A copper and cobalt mine in the DRC

Jervois kicks of US govt-funded drilling at ICO’s RAM deposit

By: Creamer Media Reporter      27th March 2024 ASX- and TSX-V-listed Jervois Global has initiated the underground resources programme at the RAM deposit at its Idaho Cobalt Operations (ICO) in Idaho, US. The endeavour, carried out in collaboration with local contractors Small Mine Development and Major Drilling, is supported by a $15-million... 

Jervois kicks of US govt-funded drilling at ICO’s RAM deposit

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Top treasury official stresses US ambitions for Africa’s metals

By: Bloomberg     19th March 2024 US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition – materials that abound in Africa. Adeyemo, in a speech to US businesses active in the country, stressed... 

US Deputy Treasury Secretary Wally Adeyemo
US Deputy Treasury Secretary Wally Adeyemo

Economy chief says Chile’s lithium products likely to get US subsidies

By: Bloomberg     18th March 2024 Chile is betting that components made with its lithium will qualify for subsidies under the US Inflation Reduction Act, potentially attracting a wave of fresh investment from companies seeking to tap into the country’s vast reserves of the battery metal. Economy Minister Nicolas Grau, who... 

Congo, Chinese partners sign reviewed Sicomines copper and cobalt JV agreement

By: Reuters     15th March 2024 Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo's Infrastructure Minister Alexis Gisaro Muvunyi said on Thursday. President Felix Tshisekedi had sought to... 

Copper cathode produced in the DRC

Arc Minerals raises £4m

By: Sabrina Jardim     12th March 2024 Aim-listed Arc Minerals has raised about £4.14-million in aggregate, before expenses, through the placing of about 210-million shares and a subscription of about 19.78-million subscription shares at an issue price of 1.8p a share. The company had set out to raise about £3.5-million. 

Critical Metals appoints Gordon Thompson as nonexecutive director

By: Sabrina Jardim     12th March 2024 Mining company Critical Metals, which is developing the Molulu copper/cobalt mine, in the Democratic Republic of the Congo (DRC), has appointed Gordon Thompson as nonexecutive director and chairperson of the board’s technical committee as of April 1. Thompson is COO at copper mining company... 

China’s commodities imports surge but demand may yet disappoint

By: Bloomberg     7th March 2024 China’s raw materials purchases surged in the first two months of the year, as importers took advantage of weaker prices for some commodities and prepared for more stimulus from Beijing to lift demand. Imports of most industrial commodities handily beat their levels of a year ago, when the... 

China’s commodities imports surge but demand may yet disappoint
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