Cobalt Mining News

Ancient plant dye used to make eco-friendly biomass batteries

Ancient plant dye acts as outstanding organic electrode

IMF halts DRC loans due to lack of mining transparency

An IMF representative said Monday the fund has halted $240 million in planned loans to the DRC for failing to publish mining contracts as requested.

Foreign mining firms face up to 50% wage hikes in Zambia

Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.

New report: DRC's Kabila could be toppled within weeks

DRC president Kabila will likely be violently removed from office should protests in major cities escalate and last longer than one week, according to a report from Exclusive Analysis, a UK-based political risk consultancy.

Khalkos Exploration Inc.: Acquisition of McNickel nickel-copper-cobalt deposit in Lac St-Jean, Quebec

In order to acquire 100% of the property, Khalkos must issue 2,600,000 shares to the seller over a period of six years, with 100,000 shares at the signing of the agreement.

Australian miners find new ways of getting buzzed

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.

Baja Mining granted further standstill extension by lenders

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de C.V. subsidiary.

Baja Mining Announces Additional Funding for Boleo Project by Korean Consortium

Baja Mining announces that the Korean consortium has advanced an additional US$84 million to Minera y Metalúrgica del Boleo S.A. de C.V. for the construction of the Boleo Project.

Baja Mining Announces Further Funding for Boleo Project

The company announced that a Korean Consortium has advanced additional US$13.3 million to Minera y Metalúrgica del Boleo S.A. de C.V. for the construction of the Boleo Project.

Marifil resumes operatorship of Las Aguilas

John Hite, President of Marifil, comments: "While we are disappointed that Prophecy Platinum has elected not to move forward with Las Aguilas, we remain excited about the property and the opportunity to form a new partnership."

China uncovers large nickel reserve

Officials expect reserves to grow

Ancient Buddhist statue found in Tibet carved from meteorite

A Buddha statue looted by Nazis in Tibet in the 1930s was carved from the Chinga meteorite, which crashed to the Earth 15,000 years ago, revealed Elmar Buchner of the Planetology Institute at Stuttgart University.

Xstrata gets an extra week to decide on Glencore merger

Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.

Nautilus Minerals plumbs new depths, comes up smelling of roses

Nautilus Minerals shot up 9.5% on Wednesday as investors digested the maiden mineral resource estimate for the company's polymetallic nodule project in 4-6km deep water in the central Pacific Ocean.

Nautilus Minerals Defines 410 million tonne inferred mineral resource

Nautilus Minerals defines 410 million tonne inferred mineral resource at Clarion-Clipperton Fracture Zone

Baja Mining's partners indecisive on further funding for Mexico project

Canadian Baja Mining (TSX:BAJ) shareholders continue to be anxious about the future of the company’s flagship Boleo project in Mexico, as its South Korean partners were unable to decide on the second stage of financing for the copper-cobalt-zinc mine development, the miner said Tuesday.

Baja Mining stocks surge 77% on Korean consortium's $90mln payment

Shares in Vancouver-based Baja Mining Corp. (TSX:BAJ) have surged following confirmation from the company that a Korean consortium has paid USD$90 million to become a 51% owner of Baja subsidiary Minera y Metalurgica del Boleo S.A. de .C.V. (MMB)

Baja Mining reports on status of stage I financing and provides corporate update

Baja Mining announces that the aggregate $90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium has not yet been fully advanced.

Baja sued for $260 million in class action. Vancouver co is worth only $18 million, down 93% in 2012

Baja Mining dropped by almost a third on Friday after announcing class action proceedings seeking $260 million in damages for misrepresenting the true state of affairs at its Boleo project in Mexcio since 2010. It is now worth a paltry $18.7 million on the Toronto big board. During the heady days of 2007 Baja Mining was valued at $836 million.

Class action commenced against Baja

Mr. Sue-Tang seeks: a declaration that Baja made misrepresentations contrary to the securities act during, general and special damages in the amount of $250 million, punitive damages in the amount of $10 million, interest and costs.

Baja Mining only has enough money for Boleo project for two more weeks

The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.

Xstrata-Glencore merger vote postponed: unions raise concerns

Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.

Australia won't get in the way of Glencore-Xstrata

Australia's antitrust regulator has decided it would not oppose commodities trader Glencore's $26 billion takeover of miner Xstrata.

Baja's top shareholder won't give more for Boleo

Besieged Baja Mining suffered another setback on Thursday after Mount Kellett Capital Management, the company’s largest shareholder, announced it wouldn’t provide debt or equity financing for the Boleo project in Mexico.

Baja Mining thanks shareholders for their support and provides project update

On the table at the company's annual shareholder's meeting in Vancouver were cost overruns, operating costs and new funding requirements.