R/€ = 19.2181 Change: 0.0043
R/$ = 17.9670 Change: -0.0011
Au 2320.69 $/oz Change: -1.27
Pt 996.20 $/oz Change: 0.55

Cobalt News

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

South Africa now a compelling world investment story, upbeat Orion highlights 

By: Martin Creamer     19th June 2024 “The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the world’s most compelling short-term investment stories. Predicting that this country's investment... 

Errol Smart
Orion Minerals webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer

China is building Europe battery supply in Morocco, VW unit says

By: Bloomberg     19th June 2024 China is building a battery supply chain for Europe in Morocco, as the continent struggles to develop its own industry to feed electric-car manufacturing, PowerCo’s operations head said. “We don’t have any supply chain. This has to be set up,” Sebastian Wolf, chief operating officer for... 

Cornish to dispose of Canada’s Nickel King property

By: Tasneem Bulbulia     18th June 2024 Aim- and TSX-V-listed Cornish Metals has announced the sale of its 100% interest in the Nickel King and Opescal Lake properties, in Canada’s Northwest Territories, to Northera Resources for up to C$8-million. The sale of Nickel King aligns with Cornish Metals’ objective to focus its efforts on... 

Gecamines threatens to intervene in sale of cobalt firm

By: Bloomberg     18th June 2024 The Democratic Republic of Congo’s state miner said it will need to approve any acquisition of cobalt producer Chemaf Resources if the new owner wants to take over a key mining permit. Chemaf put itself up for sale in September and, although it said in March the process was in its “final stage,”... 

Gecamines threatens to intervene in sale of cobalt firm

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

TMC produces cobalt sulphate from seafloor polymetallic nodules

By: Creamer Media Reporter      12th June 2024 Nasdaq-listed critical minerals company TMC on Wednesday announced the successful production of cobalt sulphate derived exclusively from seafloor polymetallic nodules. The milestone was achieved during bench-scale testing of TMC’s hydrometallurgical flowsheet design in collaboration with SGS... 

Nodules being inspected
Nodules being inspected

Canadian govt invests C$10m in Ontario critical mineral projects

By: Mariaan Webb     11th June 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario. The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation... 

Premium Nickel raises C$27.5m for Botswana projects amid strong investor interest

By: Mariaan Webb     11th June 2024 Canadian mining company Premium Nickel Resources will raise C$27.5-million through an upsized private placement offer, the company announced on Monday. This is an increase from the initial C$15-million offering, reflecting strong interest, primarily from existing shareholders, said the... 

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Glencore’s Adamson joins Stillwater Critical Minerals board

By: Creamer Media Reporter      4th June 2024 TSX-V-listed Stillwater Critical Minerals has announced the appointment of Bradley Adamson as an independent director. Adamson, a veteran resources industry professional with more than 25 years of global experience focused on nickel and cobalt, joins the Stillwater board as Glencore’s appointee. 

GTP may invest in Jervois’ US cobalt refinery

By: Creamer Media Reporter      4th June 2024 ASX- and TSX-V-listed Jervois Global has restarted work on the bankable feasibility study (BFS) for its US cobalt refinery project and said that one of its cobalt customers, Global Tungsten & Powders (GTP), is considering a minority investment in the proposed refinery project. Jervois and GTP... 

South Korea's Yoon hosts Africa summit to tap minerals, vast export market

By: Reuters     3rd June 2024 Africa's rich mineral resources and its potential as a vast export market are at the top of South Korea's agenda as it hosts a summit with the leaders of 48 nations this week with plans for aid on industrial infrastructure and digital transformation. Africa is a "crucial partner" for South Korea... 

Sibanye clinches yet another renewable energy purchase agreement 

By: Martin Creamer     30th May 2024 Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an additional 140 MW wind energy project, the Umsinde Emoyeni Wind Farm, located on the border between... 

Sibanye-Stillwater secures fourth power purchase agreement.
Sibanye-Stillwater secures fourth power purchase agreement.

Measures to address loss-making assets expected to secure R6.6bn yearly, Sibanye AGM hears 

By: Martin Creamer     28th May 2024 The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on... 

Dr Vincent Maphai (left) and Neal Froneman.
Dr Vincent Maphai (left) and Neal Froneman.

Post-Covid, China is back in Africa and doubling down on minerals

By: Reuters     28th May 2024 China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction... 

China President Xi Jinping
Photo by Reuters
China President Xi Jinping

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears  

By: Martin Creamer     23rd May 2024 Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply. 

Hugo Pienaar.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Huge manganese value-add opportunity reiterated at Junior Indaba 

By: Martin Creamer     22nd May 2024 The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to... 

From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.

Congo lawyers say received new evidence on Apple's minerals supply chain

By: Reuters     22nd May 2024 International lawyers representing the government of the Democratic Republic of Congo said on Wednesday new evidence gathered from whistleblowers indicates that Apple is sourcing minerals from conflict areas in the east of the country. In a statement, the lawyers urged Apple to answer questions... 

A laptop with the Apple logo

BHP-Anglo prospects flag more M&A ahead for miners

By: Reuters     22nd May 2024 BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world's biggest listed miner for Anglo is... 

The Khoemecau copper mine in Botswana
The Khoemecau copper mine in Botswana

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Use resources to diversify African economies, unlock sustainable growth

By: Schalk Burger     21st May 2024 A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP... 

Haul trucks in operation at a West African mine

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Today’s well-supplied market for critical minerals ‘may not be a good guide for future’ 

By: Terence Creamer     17th May 2024 A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean energy deployment and affordability, it is a bane for critical mineral investment and... 

Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system
Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system

Biden open to easing sanctions on billionaire Gertler in return for Congo exit

By: Bloomberg     17th May 2024 The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s interest in critical minerals has run up against his problematic royalties ownership. The Treasury... 

US blames China’s CMOC for predatory tactics behind cobalt glut

By: Bloomberg     15th May 2024 China’s CMOC Group is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines. “What we’re seeing now, I feel, is a variation of predatory pricing,” Jose Fernandez, Under... 

Cobalt on a conveyor belt

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
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