Gecamines plans overhaul of mining JVs in world’s top cobalt supplier

The Democratic Republic of Congo’s state miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to gain leverage in management of some of its biggest mines.

Africa moves a step closer to continent’s first cobalt refinery

Africa could have its first cobalt sulphate refinery by the end of 2025, one of the few outside of China capable of making the product that’s a key component of lithium-ion batteries.

Congo artisanal cobalt monopoly can launch in months, CEO says

The state-owned company created to buy all of Democratic Republic of Congo’s hand-dug cobalt could start operating within three months after years of delays, according to its chief executive officer.

Anglo American explores for copper, cobalt in Zambia

Anglo American is in the early stages of exploring for copper and cobalt in Zambia’s North-Western province, its chief executive officer Duncan Wanblad said on Monday.

Glencore reports lower 2023 copper, nickel, cobalt output; flags further falls

Miner and trader Glencore on Thursday reported lower copper, nickel and cobalt production in 2023 and signalled a further decline in output this year.

Most cobalt producers loss-making after 2023 price slump, says ERG

Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, chief executive at metals miner Eurasian Resources Group (ERG), said on Tuesday.

Gecamines to push for copper, cobalt trading share

Mining News Pro - Congo’s State mining group Gecamines said it will push to secure the rights to buy copper and cobalt at mines it has holdings in, as it attempts to build its own stocks and trade the metals.

Glencore’s Mutanda mine to produce less cobalt on ore depletion

Mining News Pro - Depleting ore grades of cobalt deposits at Glencore’s Mutanda mine in Congo means the miner will produce up to 15% less a year of the battery metal, three sources with knowledge of the matter said.

Managem says water at cobalt mine safe, denies report on arsenic contamination

Mining News Pro - Moroccan mining company Managem said on Wednesday an audit of its water supplies showed no irregularities after a German newspaper reported that toxic arsenic had been found in water samples taken from mines in the country.

Copper, cobalt supplies from Congo stranded by truckers’ strike

Mining News Pro - Copper and cobalt produced by companies, including Glencore and CMOC, are stranded in Kolwezi, Democratic Republic of Congo (DRC), due to a truckers strike that started in late October, four sources with direct knowledge of the matter said.

China’s state reserve expected to buy 3,100t of cobalt – sources

Mining News Pro - China’s strategic reserve organization is expected to buy 3,100 metric tons of cobalt, two people briefed on the matter said, as Beijing builds up stockpiles of the strategic material used in batteries and aerospace.

Kazakh miner ERG plans $800 million revamp of DRC copper, cobalt mine

Mining News Pro - Kazakh miner Eurasian Resources Group (ERG) plans to invest $800 million to revamp its Comide copper, cobalt mine in Democratic Republic of Congo, it said on Friday.

Congo plans new copper-cobalt smelter to serve informal miners

Mining News Pro - Democratic Republic of Congo said it’s backing plans for a new domestically owned copper-cobalt plant to help formalize artisanal mining in the country, at a time when minerals crucial to electric vehicles are moving further into the global spotlight.

Glencore stockpiled cobalt in first half to support prices

Mining News Pro - Glencore stockpiled cobalt in the first half of the year, cutting supplies to the market to support prices of the electric vehicle battery material, the London-listed miner’s CEO Gary Nagle said on Tuesday.

Trafigura’s $600 million cobalt play faces cash crunch in Congo

Mining News Pro - Trafigura Group has been forced to seek new funding for one of its flagship investments — a $600 million copper-cobalt project in the Democratic Republic of Congo — in the latest headache for the trading house’s embattled metals business.

China set to boost state cobalt reserves after tumble in prices

Mining News Pro - China is taking advantage of tumbling cobalt prices to build up its inventories of the metal used in electric-vehicle batteries and aerospace alloys.

Congo to hike stake in copper, cobalt venture with China

Mining News Pro - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country.

Fresh blow to cobalt price bulls as prices sink below $20,000

Mining News Pro - The dispute between China’s CMOC and Congo’s state-owned Gècamines appears to be over paving the way for its massive stockpile of cobalt to start entering the market.

Apple to use only recycled cobalt in batteries by 2025

Mining News Pro - Apple Inc said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade.

A $1.5 billion hoard of copper and cobalt is piling up in Congo

Mining News Pro - A growing pile of copper and cobalt worth about $1.5 billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines.

ERG to spend $1.8 billion doubling African copper, cobalt output

Mining News Pro - Eurasian Resources Group Sarl, the mining firm backed by Kazakhstan, plans to spend $1.8 billion doubling its African copper and cobalt output as it taps demand for metals needed for the green-energy transition.

Gates, Bezos-backed KoBold Metals to build copper-cobalt mine in Zambia

Mining News Pro - The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba.

CME cobalt contract use soars above LME as big players join

Mining News Pro - Growing volumes for CME cobalt are expected to help the US exchange win market share in contracts for other materials used in electric vehicles such as lithium and aluminum.

Global cobalt markets to be in surplus in 2022

Mining News Pro - The global markets of nickel, lithium and cobalt – three of the key metals used in electric vehicle batteries – are expected to be in surplus in 2022, an analyst with Chinese state-backed research house Antaike said.

Congo PM to mediate dispute over Tenke copper and cobalt mine

Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.

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