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Cobalt

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A copper mine in the DRC
Congo sells copper from Tenke to trio of trading heavyweights
11th September 2024 By: Bloomberg

Glencore, Mercuria Energy Group and Trafigura Group are buying copper from the Democratic Republic of Congo’s State miner, which is marketing metal from joint venture projects for the first time.... 


Cobalt produced in the DRC
Net zero needs more metals, but less extraction from the earth
11th September 2024 By: Bloomberg

The mining industry is currently one of the most significant contributors to planet-warming emissions — but it's on track to become one of the most important sectors for a net-zero future. Annual... 


An aerial view of the Electra Ontario refinery
Electra secures $20m term sheet for Canada cobalt refinery as financing talks advance
10th September 2024 By: Mariaan Webb

Canadian cobalt refinery developer Electra Battery Materials on Tuesday announced a non-binding term sheet for a $20-million prepayment facility from a strategic player in the battery materials... 


EDC may provide $500m loan for Ontario nickel mine
EDC may provide $500m loan for Ontario nickel mine
9th September 2024 By: Mariaan Webb

Government agency Export Development Canada (EDC) may provide a $500-million loan for the Crawford nickel sulphide project in Timmins, Ontario. This is according to project owner Canada Nickel,... 


Initial funding secured for DRC refinery
6th September 2024

Earlier in the year, metal processing and trading company Buenassa was provided $3.5-million as an initial tranche payment from the government of the Democratic Republic of Congo (DRC) to establish... 


Kingsrose earns 51% in Råna, Norway
Kingsrose earns 51% in Råna, Norway
4th September 2024 By: Creamer Media Reporter

Mineral exploration company Kingsrose Mining has earned a 51% interest in the Råna nickel/copper/cobalt project, in Finland, by incurring $3-million of expenditure and drilling more than 5 000 m.... 


DBSA approves $200m for Lobito Corridor Railway project
3rd September 2024 By: Tasneem Bulbulia

Development finance institution the Development Bank of Southern Africa (DBSA) has, alongside the US International Development Finance Corporation (DFC), approved funding of up to $200-million... 


An underground copper mine
Zambia plans State firm to own 30% of critical minerals mines
30th August 2024 By: Bloomberg

Zambia plans to establish an investment company that will control at least 30% of critical minerals production from future mines. Mines Minister Paul Kabuswe unveiled a strategy on Thursday that he... 


US sees bipartisan backing for Africa critical minerals projects
29th August 2024 By: Bloomberg

A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after... 


The Ambatovy mine in Madagascar
Sumitomo files debt overhaul plan for Madagascar nickel mine
29th August 2024 By: Bloomberg

Sumitomo Corp has filed a debt restructuring plan to a UK court for its Ambatovy nickel and cobalt project, in Madagascar. The plan would allow it to address plant equipment malfunctions and ensure... 


Congo wants Trafigura partner Chemaf's deal with China's Norinco halted
26th August 2024 By: Reuters

The government of the Democratic Republic of Congo is opposed to a proposal by Chemaf SA to sell its copper and cobalt mines in the country to China's Norin Mining, according to a document seen by... 


World’s top cobalt producer expects supply pressures to ease
World’s top cobalt producer expects supply pressures to ease
26th August 2024 By: Bloomberg

China’s CMOC Group, the world’s biggest cobalt producer, expects supply pressures to start easing in the second half of this year. Cobalt — used in batteries and alloys — has been in the doldrums... 


Societe Generale exits LME trading floor in blow for exchange
23rd August 2024 By: Bloomberg

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Chalice downsizes board, cuts costs as metal prices dip
Chalice downsizes board, cuts costs as metal prices dip
23rd August 2024 By: Mariaan Webb

Australian project developer Chalice Mining on Friday announced that it had reduced the size of its board and implemented additional targeted reductions in corporate overheads and project... 


Ivanhoe Electric appoints investor relations, business development VP
21st August 2024 By: Creamer Media Reporter

US critical metals company Ivanhoe Electric has appointed Mike Patterson VP of investor relations and business development, with effect from August 19. Patterson is a seasoned professional with a... 


Electra CEO Trent Mell
Electra awarded $20m by US Defense Department
20th August 2024 By: Creamer Media Reporter

The US Department of Defense has awarded Nasdaq- and TSX-V-listed Electra Battery Materials $20-million to support the construction of a cobalt sulphate refinery, capable of producing battery-grade... 


Barrick Gold CEO Mark Bristow
Barrick Gold on way to becoming major copper producer
19th August 2024 By: Martin Creamer

In less than six years, at the end of the decade, 2030, Barrick will have grown its gold output by 30% and will be a copper miner up there with some of the biggest. It goes to the upper 400 000... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Mawson Finland closes IPO, to list on TSX-V
Mawson Finland closes IPO, to list on TSX-V
16th August 2024 By: Mariaan Webb

Exploration company Mawson Finland has closed initial public offering (IPO) and will list on the TSX-V on Monday. Pursuant to the IPO, Mawson issued almost 2.88-million shares at $1 a share,... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Tribunal approves ARM’s buyout of remaining Nkomati JV stake
12th August 2024 By: Sabrina Jardim

The Competition Tribunal has unconditionally approved African Rainbow Minerals’ (ARM’s) proposed transaction to acquire the remaining participation interest in the Nkomati joint venture (JV) and an... 


USSM selected for potential $400m funding from Exim
USSM selected for potential $400m funding from Exim
12th August 2024 By: Creamer Media Reporter

St Louis, Missouri-based US Strategic Minerals (USSM) has received a nonbinding letter of interest from the Export Import Bank of the US (Exim) for a potential debt funding package of... 


Glencore Group's Astron Energy refuelling station.
Astron’s a terrific asset, ferrochrome’s helping world to decarbonise, says Glencore
8th August 2024 By: Martin Creamer

Astron Energy, which has successfully rebranded one of South Africa’s transport fuel forecourt networks, is described by Glencore CEO Gary Nagle as being a terrific asset. With the restart to full... 


Glencore CEO Gary Nagle.
Glencore highlights strategic achievements, earnings 33% down
7th August 2024 By: Martin Creamer

iversified mining and marketing company Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”. Against the backdrop of lower... 


Australian critical mineral explorers, developers and producers face uncertainty - Deloitte
Australian critical mineral explorers, developers and producers face uncertainty - Deloitte
5th August 2024 By: Creamer Media Reporter

The global trade and investment environment for critical minerals is rapidly changing and Australian critical mineral explorers, developers and producers need to understand the implications for... 


Sea-bed regulator elects secretary general as calls grow to pause deep-sea mining
5th August 2024 By: Reuters

The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its next secretary general, as pressure mounts for a pause on efforts to mine the sea floor for minerals for use... 


Develop MD Bill Beament
Trafigura to provide A$100m for Australia copper/zinc mine
2nd August 2024 By: Mariaan Webb

Australia’s Develop Global has agreed a A$100-million prepayment/loan facility and offtake agreement with global commodities trader Trafigura for the Woodlawn copper and zinc mine in New South... 


Cobalt processing
Glencore overshadowed in cobalt market as Chinese rival booms
2nd August 2024 By: Bloomberg

China’s CMOC Group has strengthened its status as the world’s cobalt king, churning out more than three times as much as better-known rival Glencore after a stunning output surge that’s deepened... 


Glencore CEO Gary Nagle.
Glencore expects to be able to announce coal, carbon steel demerger decision next week
30th July 2024 By: Martin Creamer

Diversified mining and marketing company Glencore expects to be able to announce the decision of the board regarding the potential demerger of its coal and carbon steel materials business next... 


An aerial photograph of the Metalkol facility
Long term cobalt supply deal signed
26th July 2024

A contract for the long-term supply of cobalt hydroxide was secured in early April between cobalt and copper producer Eurasian Resources Group (ERG) and Canadian battery minerals producer Electra... 


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pqt: 0.224s - ct: 0.473s - 367pq - 2rq
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