Cobalt Mining News

Explorex Resources begins drilling for cobalt in Canada’s New Brunswick

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.

Canadian regulator to fine Glencore-controlled miner over Congo -WSJ

The expected settlement is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016.

China's GEM is said to stop buying cobalt from Glencore

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.

Indonesia's Silkroad Nickel inks $290m offtake agreement

The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.

Cuba sees nickel output topping 50,000 tonnes

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.

Power Ore buys former Falconbridge Opemiska complex

The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.

Eurasian Resources wants to keep children out of mining in the DRC

The miner joined forces with international development organization Pact.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

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 appoints Admiral Mike Mullen Chairman of advisory board

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.

Junior capitalization up 6% in year ended June 30

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

This Congo project could supply the world with lithium

The DRC has a stranglehold on crucial battery material cobalt, but central African nation also has potential to become major lithium player.

Congo's Gecamines to boost stake in Boss Mining JV to 49%

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.

Importance of rare earth metals mining makes it into COP24

Experts agree that resources are the missing link in the climate debate.

Congo mining revenues jump 147% in first 9 months of 2018

DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.

Vancouver miner buys cobalt-vanadium-uranium project in Saskatchewan

Searchlight Resources wants to take advantage of the increased interest in battery technology.

Trade truce lights fire under mining stocks

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.

Cobalt's star fades for Glencore traders as customers renege

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 triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Congo state miner in production-sharing deal with Chinese firm

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

Management shake-up at Glencore costs copper chief Mistakidis his job

Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.

Congo state miner blames foreign investors for underdevelopment

Congo is Africa’s biggest copper producer and the world’s largest source of cobalt.

BMW joins project to improve conditions for cobalt mining in Congo

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.

Congo plans to audit Glencore unit's cobalt over uranium levels

Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more.

M2 Cobalt advances exploration at Uganda mine

The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine.

DRC cobalt deposits not 'that old'

By analyzing the age of known deposits, researchers get clues of where to find unexplored ones.