The Vancouver-based miner is acquiring an 85% interest in the Lovelock cobalt mine and the Treasure Box project.
Cobalt Mining News
Pancon now controls more than 157 square kilometres west of Timmins.
But only sliver of funds raised destined for mining and metals
Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.
Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.
Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.
“We believe that these new cash-settled contracts... will help lower barriers to market entry"
Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.
The first use case will manage concentrate from Goldcorp’s Penasquito mine in Mexico.
The carmaker will use a blockchain-based platform to trace supplies of cobalt from a Chinese-owned mine in the Congo for the batteries in its electric cars, in an effort to ensure they are not linked to human rights abuses.
The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.
Martin Fayulu, the runner-up in the Dec. 30 poll, has petitioned the Constitutional Court to order a recount of the votes.
"It’s obviously really important for Tshisekedi to have SADC’s approval and endorsement for his presidency”
This project refines the key raw material for the preparation of ternary power batteries from the laterite nickel ore – battery-grade nickel-cobalt raw materials.
In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s presidential election.
Surge will continue to hold its interest in its cobalt projects in both Chile and Ontario, and its lithium brine project in Chile.
Cobalt 27 will put in about $9 million into a share of production at Mineral Resources and Jiangxi Ganfeng Lithium's Mount Marion lithium project in Western Australia.
Pancon revealed that its objective for the initial phase of Montcalm’s program is to drill at least 4,500 metres to test a series of new conductor targets identified in 2018.
Government has delayed the release of provisional results from last week’s presidential election as criticism of the country’s handling of the vote grew.
There are real costs associated with conducting project cost estimates in-house.
Global demand for cobalt is rocketing, with the rate of annual increase now at 8-10%.
The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila’s rule.
The revision means that output of cobalt rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously.
The Chamber of Mines said that as a result of the changes, more than 58% of Zambia's copper producers would be loss-making at current prices.
The acquisition, valued at $96 million, will increase Cobalt 27’s exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea.