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Found 9 results

  1. The IEA is very, very worried that Congo supplies 60% of the world's cobalt. It's also very, very worried that China has 90% of cobalt processing capacity. Since we can't move reserves, what's the point in worrying, I wonder. Also, I hear cobalt mines are being started outside of Congo, too, for wha...
  2. DRC is considering opening up its national parks to oil exploration. This is where I draw the line. Oil exploration is well and good but there's a reason national parks are national parks. And there are fewer than 1000 mountain gorillas and although I'm aware none of them would invent a cure for can...
  3. Watching with great interest as Glencore's stock tanks because a former partner who is close to the DRC's Kabila has maneuvered as asset seize, demanding money even though he's sanctioned. Glencore is going to have a hard time wiggling out of this one! https://www.bloomberg.com/news/articles/20...
  4. There's an outbreak of ebola in Congo and it looks bad. Also, danger of civil war because of elections delays. All in all, good news for cobalt and copper bears. Incidentally, did you know the disease was named after a river in Congo?
  5. I'll have to take issue with this CNN 'expose' on unethical cobalt, which explicitly targets electric vehicles. https://edition.cnn.com/interactive/2018/05/africa/congo-cobalt-dirty-energy-intl/?iid=EL Child labor at artisanal mines in places like the Democratic Republic of Congo (DRC) is...
  6. Imagine digging a hole in your yard and striking cobalt. This apparently happens a lot in Congo and people are dropping everything, taking shovels and pickaxes, and going after cobalt seams across neigborhoods. But this is dangerous mining, of course, and accidents are frequent, not to mention repor...
  7. International mining companies including Glencore, Randgold and Ivanhoe Mines quit the Democratic Republic of Congo’s chamber of commerce, saying the industry body no longer represents their interests after the introduction of the country's new mining law. The miners oppose the law passed by parliam...
  8. Cobalt is already on a rally and it will accelerate: The Democratic Republic of Congo just lifted a legislative provision that miners with existing [presence in the country are exempt from higher royalties and taxes. Now they will classify cobalt as a strategic substance taxed at 10% from 2% at the...
  9. The world's biggest cobalt producer is a very unstable place at the moment and the situation will likely continue deteriorating just as demand for cobalt is rising. Protests, militants, the works.