The Democratic Republic of Congo has pledged to uphold cobalt export quotas allocated to miners for 2025 despite months of delays under new rules, its mining regulator has said, as a pilot shipment is being prepared to move “within days.” The world’s top cobalt supplier, accounting for over 70% of output, introduced quotas in October after a months-long export ban to curb oversupply and stabilise prices. Exports, however, stalled as companies waited for clarity on compliance.
Geoscience Australia’s researchers are well known for getting deep into their work. In this case, they drilled 3023 metres below …
Congo has set new conditions for cobalt exporters, according to a government circular reviewed by Reuters, potentially complicating a recently introduced quota system as the country seeks to keep a tight grip on the key battery mineral. The new conditions require miners, among other things, to pre-pay a 10% royalty within 48 hours and secure a compliance certificate, the circular shows.
The State cobalt agency in Democratic Republic of Congo has produced its first 1,000 metric tons of traceable artisanal cobalt, a key step in formalizing the sector in a country that supplies much of the world's battery metal. Congo holds about 72% of global cobalt reserves and accounts for over 74% of supply, much of it from informal artisanal mines.
Ardea Resources’ flagship nickel project will have another three years in the Federal Government spotlight, thanks to its renewal of …
Legacy Minerals (ASX:LGM) has entered into a memorandum of understanding with Cobalt Blue (ASX:COB) to assess strategic options for cobalt and other products sourced from the NiCo Young Project in New South Wales. The agreement holds a term of three years, which intends to help direct Legacy assess potential pathways towards commercialisation for the project, […]
The Democratic Republic of Congo is weighing up an extension of its cobalt export ban by at least two months, as officials work to finalise a quota system aimed at replacing the suspension, three sources familiar with the matter told Reuters. The Mines Ministry arrived at the decision citing a need for further recovery in the cobalt price and more time to implement a quota-based framework, a senior official at the ministry said.
The Democratic Republic of Congo is seeking a cobalt price that encourages domestic processing, as the government considers its next steps to follow a ban on exports of the battery metal, according to the chairman of the state mining company. Congo, which accounts for about three-quarters of global cobalt supply, suspended shipments for four months on February 22, before extending the ban by three months in June. The decision came after prices slumped in recent years as output soared, particularly from two mines operated by China’s CMOC Group. “No one can invest in a refinery in the country because the price was not sustainable,” Gecamines chairperson Guy-Robert Lukama said in a discussion this week with the Washington-based Center for Strategic and International Studies.
Cobalt Blue has secured a three-year ‘Major Project Status’ extension for its Broken Hill cobalt project in New South Wales. Major …
Glencore will provide cobalt hydroxide feedstock to Cobalt Blue’s Kwinana refinery in Western Australia, which is set to become the …