Cobalt Mining News

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

Congo state miner 'strongly opposed' to Lundin's sale of stake in Tenke

Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.

Fleurette responds to Global Witness Congo royalties report

Israeli financier Dan Gertler's firm disputes report outlining purchase from Congo state-owned miner of royalty streams from Glencore-owned copper mines.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.

Report: DRC signs over $880m royalties to president's friend

Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.

BHP Billiton jumps on the electric car bandwagon

The world’s largest miner sees electric vehicles boosting copper demand.

The mania for cobalt has begun

The electric vehicle revolution will continue to reinforce the unquenchable demand for cobalt.

Congo’s cobalt production set to soar despite claims of child labour

Last year, the country's cobalt production accounted for just over half of the world's output.

Glencore reviews bribery allegations against business partner

Och-Ziff’s partner in Congo paid $100 million in bribes to local authorities over a 10-year period to secure access to mining assets. Bloomberg quotes an anonymous source saying Dan Gertler is that partner.

New York hedge fund fined $400m for Congo bribes

Key violations in the Och-Ziff case came in mining and oil and gas deals associated with Israeli billionaire Dan Gertler and DRC president Joseph Kabila.

Lundin's agonizing Congo decision

Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Fresh wave of Chinese firms to go after Congo’s riches — report

Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.

Metals and mining rally has staying power

Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.

Illegal gold trade in Congo still benefiting armed groups, foreign companies

Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.

Tutankhamun had a dagger made of iron from meteorite

Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.

Report highlights progress against child labour in mining in Congo

International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.

Fortune Minerals announces appointment of former Minister David Ramsay to the Board of Directors

Rebuilding team for NICO development as public highway to Whati & cobalt market advance

Illegal mining in Congo wiping out gorilla populations

Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.

The richest and poorest countries in the world

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Cobalt, conflict minerals, and 'unjustified stigmatisation' of producers

The need for responsible mining practices is not new and has for many years been at the top of the agenda for many large scale mining companies.

INFOGRAPHIC: The extraordinary metals in an iPhone 6s

Today, we open up one of the world's most popular mobile handsets - the iPhone - to see what metals and materials make it all possible!

Huge Minnesota copper-nickel mine clears environmental hurdle

PolyMet says the NorthMet Project will annually produce 72 million pounds of copper, 15.4 million pounds of nickel, 720,000 pounds of cobalt and 106,000 troy ounces of precious metals.

Apple, Sony, Samsung linked to child labour claims in cobalt mines

Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.