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COBALT: R&B star Akon enters Congo mining sector in JV with state company

  • Date: 06-01-21
  • Category: COBALT
  • Source: Mining.com

A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.

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COBALT: Congo imposes travel ban on mining traceability director

  • Date: 17-12-20
  • Category: COBALT
  • Source: Reuters

The Congolese government has banned the head of the state mineral certification body from leaving the country as a fraud investigation is underway, the mines minister said on Thursday.

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COBALT: Trafigura's Congo artisanal cobalt project to end, replaced by industrial mining

  • Date: 17-12-20
  • Category: COBALT
  • Source: Reuters

Trafigura is ending an artisanal cobalt formalisation project in Democratic Republic of Congo, which it has run alongside miner Chemaf and NGO PACT for nearly two years, the commodities trader said on Thursday.

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COBALT: China Moly buys 95% of DRC copper-cobalt mine from Freeport for $550m

  • Date: 14-12-20
  • Category: COBALT
  • Source: Mining.com

China Molybdenum Co said on Sunday it had acquired a 95% stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc for $550 million.

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COBALT: A large trader has taken over Vale's stake in the Goro nickel-cobalt mine, MHP production to continue in 2021

  • Date: 07-12-20
  • Category: COBALT
  • Source: News Metal

Vale's chief financial officer, Luciano siani Pires, said a few months ago that its Goro nickel-cobalt mine in New Caledonia could begin to suspend in 2021 as the company failed to reach a sale agreement with New Century Resources Limited (NCZ) on VNC (Novele Caledonie SAS).

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COBALT: China’s GEM Co. Ltd and Glencore extend their long-term strategic cobalt partnership

  • Date: 03-12-20
  • Category: COBALT
  • Source: Glencore

Following the announcement issued in October 2019, Glencore and GEM are pleased to announce that they have extended their partnership for the supply of cobalt hydroxide by another five years and have formally embedded responsible sourcing and sustainability into the contractual relationship.

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COBALT: First Cobalt to finalize new supply deal with Glencore

  • Date: 11-11-20
  • Category: COBALT
  • Source: Mining.com

First Cobalt (TSXV: FCC) is planning to alter its prior arrangement with global miner Glencore and sign a long-term feed purchase contract instead of the original tolling contract. First Cobalt currently owns North America’s only permitted cobalt refinery.

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COBALT: China plans to boost cobalt reserves as virus spurs supply risks

  • Date: 20-08-20
  • Category: COBALT
  • Source: Mining.com

China’s state stockpiling agency has drawn up plans to buy 2,000 tonnes of cobalt after the coronavirus pandemic highlighted the fragility of supplies of the strategic mineral.

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