Congo collected $1.57 billion of revenue from mining companies last year, almost double the previous year, mostly in profit tax and royalties.
Eurasian Resources Group Mining News
The current supply turbulence, however, promises more volatility ahead for cobalt as well as copper.
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.
Frontier mine is a cornerstone of ERG’s copper business and is situated on the DRC-Zambia border.
Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.
Company uses up to twenty types of waste – generated from its activities – to manufacture new products, help address environmental issues and strengthen its bottom line.
Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal.
The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.