Cobalt Mining News

DRC drops opposition to Lundin copper deal

State-owned Gecamines clears final hurdle for Freeport and Lundin's blockbuster sale of one of Africa's largest copper mines.

These are the African countries investors should pay attention to

New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.

Cobalt – Fortune Minerals news release on federal funding of all-season road in NWT

Fortune Minerals Limited is pleased to report that the Government of Canada, the Government of the Northwest Territories and the Tlicho Government have jointly announced federal funding for the construction of the Tlicho All-Season Road to the community of Whati.

Infographic | Cobalt: The Energy Metal With a Very Precarious Supply Chain

How does your mobile phone last for 12 hours on just one charge?

Glencore may take full control of Mutanda copper mine

The Swiss firm already has a 69% stake in the DRC mine, which jointly owns with Israeli mining tycoon Dan Gertler.

INTERACTIVE: Mining emerges from slump

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

Big tech companies pledge to keep kids out of cobalt mines

Two separate business groups focused on electronics supply chains have launched initiatives to try to stop children from mining cobalt in the DRC.

Eight dead, 35 injured in Congo mining hub amid anti-Govt protests

Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

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.