The market is comfortably supplied in the short term, there shouldn't be any risk of shortages as long as the big projects ramp up.
Democratic Republic of Congo Mining News
The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.
Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?
By 2030, oil demand could hit a peak and then enter decline.
Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg.
The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.
While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.
"Historically it was a world-class producer, so we know cobalt is there."
“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”
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.
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.
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”
In a surprise twist, Democratic Republic of Congo opposition leader Felix Tshisekedi was declared the winner of last month’s presidential election.
Societe Miniere de Bisunzu (SMB), has given 30 days notice to end its contract with ITSCI, a responsible supply chain initiative, citing the scheme's rising costs.
Barrick now trades as GOLD in New York and continues as ABX in Toronto.
This weekend, the vast central African nation is banking on a new method: the ballot box.
ERG recognises the urgent need for metal suppliers to commit to ensuring that cobalt is produced and sourced responsibly and sustainably and to support the efforts of its customers.
The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.
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.
DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.
Glencore’s coal business should be a license to print money for several more years.