Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.
Cobalt Mining News
The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.
The electric vehicle (EV) revolution will first emerge as a mixture of differing technologies, powered by an ever-evolving battery-metal-mix of cathodes.
The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.
Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.
Altius entered into an agreement with Vale Canada Limited and certain of its subsidiaries to comprehensively settle their long-standing litigation.
Top four mines are all located in the Democratic Republic of the Congo.
The focus on lithium-ion batteries seems to reflect supply and demand of lithium and cobalt but it would be very wrong not to include nickel.
The area will allow producers of electric vehicles, smartphones and other goods to “install themselves in the DRC".
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Batteries made by the U.S. manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up.
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Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.
Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.
Manganese X Energy now wants a taste of the cobalt market.
"Poorer life cycle, reduced safety and misrepresented relative cost savings are all major concerns for electric vehicle producers."
The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.
NFC Africa, majority owned by China Non-ferrous Metals Company Limited launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.
Chinese cobalt sulfate prices continued to edge lower although the pace of decline has slowed as spot prices have fallen to below production costs.
The global smartphone market accounts for the largest consumer electronics segment, accounting for around half of its market share.
China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.
Yukon and Kuskokwim Tribes and leadership respond with anger to State and Federal Permits issued for Record of Decision for Donlin Gold Project.