The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.
Cobalt Mining News
The expected settlement is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016.
Last week Glencore warned that some buyers in China reneged on contracts after seeing prices plunge, forcing the company to renegotiate the commercial terms of the deals.
The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.
The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.
The miner joined forces with international development organization Pact.
Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
2018 was a relatively quiet year for the junior mining sector, we hope to see more of an upswing in 2019 - Dean Braunsteiner, national mining leader, PwC Canada
The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.
The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.
Experts agree that resources are the missing link in the climate debate.
DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.
Searchlight Resources wants to take advantage of the increased interest in battery technology.
Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.
From riding high on cobalt’s boom, Glencore Plc traders are feeling the heat as falling prices and reneged contracts put a dent in profit.
Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt
Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.
Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.
Congo is Africa’s biggest copper producer and the world’s largest source of cobalt.
Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries.
Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more.
The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine.
By analyzing the age of known deposits, researchers get clues of where to find unexplored ones.