cobalt mining insight

Cobalt mining in the DRC – reflections from the

The demand for cobalt is being driven by the rapid increase in battery-powered devices from smartphones to electric cars. More than half of the world’s cobalt is mined in the DRC. While the majority of cobalt is extracted through large-scale mining (LSM), artisanal-scale mining

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Cobalt mining in the DRC – reflections from the

Here he reflects on some of the challenges. The demand for cobalt is being driven by the rapid increase in battery-powered devices from smartphones to electric cars. More than half of the world’s cobalt is mined in the DRC. While the majority of cobalt is extracted through large-scale mining (LSM), artisanal-scale mining

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Modern Slavery: The true cost of cobalt mining -

Of course, eradicating child labour and poor working conditions from cobalt mining will require co-ordinated action from consumers, governments, mining companies and NGOs. Nevertheless, investors undoubtedly have an important role to play in bringing an end to the 21st century paradox that is unethical cobalt mining.

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Can Blockchain Improve Sustainability in Cobalt Mining?

2019-10-17  In January 2019, Ford Motor Company, Huayou Cobalt, IBM, LG Chem, and RCS Global announced plans to use blockchain technology to demonstrate how materials in the supply chain can be responsibly produced, traded, and processed. For this pilot, cobalt produced at Huayou's industrial mine site in the DRC will be traced through the supply chain as it travels from mine and smelter to LG

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Life cycle assessment of cobalt extraction process ...

2019-8-1  From the analysis results of this paper, cobalt mining consumes large amounts of electrical power which is responsible for significant environmental effects. Similar insight if found from the emission results of fossil fuels. However, the effect is very few from

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Cobalt mining, China, and the fight for Congo's minerals

2018-2-4  Amnesty International publicly shames companies, alleging that the majority of major users of cobalt turn a blind eye to the use of child labor in its production.

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The high human cost of cobalt mining in the

2019-1-7  As American Manganese president, Larry Reaugh, points out, “mining batteries is much more profitable than mining the ground. Rather than mining ore that’s 2% cobalt, you’re mining a battery that has 100% cobalt

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Lithium and cobalt - McKinsey

2020-8-5  214 kt to 669 kt LCE 1 between 2017 and 2025, whereas cobalt will increase by 60 percent from 136 kt to 222 kt over the same period in McKinsey’s base case outlook. This forecast

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Industry Insight Archives Miningreview

2021-6-10  Mining companies with higher ESG ratings outperformed the broader market during the peak of the COVID-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index. Investment.

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Cobalt mining - EdenTree

2019-2-11  Glencore, for instance prefers to source its cobalt from large, open-pit mining operations when in the DRC. The larger mining and metals trading companies are also looking at alternative sources for their cobalt, with significant deposits in the less risky jurisdictions of

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Cobalt mining in the DRC – reflections from the

Here he reflects on some of the challenges. The demand for cobalt is being driven by the rapid increase in battery-powered devices from smartphones to electric cars. More than half of the world’s cobalt is mined in the DRC. While the majority of cobalt is extracted through large-scale mining (LSM), artisanal-scale mining (ASM) – carried out ...

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BGS Report Offers Insight into Cobalt ... - Ocean

2021-6-10  The report by the BGS offers a review of current global resources and reserves, providing geological insight into supply routes, the potential of deep-sea mining for cobalt, extraction methods, processing technologies and the global cobalt supply chain.

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Cobalt mining, China, and the fight for Congo's minerals

2018-2-4  Cobalt mining, China, and the fight for Congo’s minerals. The Democratic Republic of the Congo (DRC) is attempting to increase revenue from the 270% surge in cobalt prices in the last year by raising taxes on the metal five-fold. Foreign governments and corporations who benefit from lower cobalt prices have protested the tax hike.

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Can Blockchain Improve Sustainability in Cobalt Mining?

2019-10-17  Can Blockchain Improve Sustainability in Cobalt Mining? Cobalt consumers in the automotive, consumer electronics, and stationary energy storage sectors face a major challenge: the traceability of the material. One example of this challenge is that 40,000 children are estimated to be employed in artisanal mines (ASM) in the Democratic Republic ...

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Digging for Change - Fairphone

2020-6-25  artisanal cobalt mining sites, the state of children’s rights in the associated mining communities, and the livelihood activities and opportunities in the local economy. The purpose of the project was to gather information on and gain insight into the situation in the cobalt mining communities in the region to inform the programme

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Australia cashes in on cobalt - Mine Australia Issue

Australia’s cobalt mining sector is expected to register positive growth in 2021, with strong reserves and a significant project pipeline. Here, Scarlett Evans speaks with Cobalt Blue about the company’s mission to create a completely environmentally friendly cobalt project, and what’s previously stopped Australia from forging ahead in the industry.

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Fair Cobalt Alliance: sector opts for sustainable cobalt ...

2021-5-31  The Fair Cobalt Alliance is an initiative of The Impact Facility. This international NGO, co-founded by the British Fairtrade Foundation, is committed to small mining communities. In addition to the NGO, the alliance includes a range of companies, including co-founders Fairphone (sustainable smartphone manufacturer), Signify (lighting ...

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Minerals transition to a clean energy future Deloitte ...

2021-2-1  To address the challenges associated with cobalt mining, hundreds of companies have joined the Responsible Minerals Initiative in a bid to improve global supply chains within conflict-affected and high-risk jurisdictions. 25 Several companies, BMW among them, 26 have also refused to purchase cobalt sourced in the DRC.

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Ambatovy Nickel-Cobalt Project, Madagascar Island

The Ambatovy nickel-cobalt project located in Madagascar is one of the biggest lateritic nickel mining operations in the world. Involving a total estimated project cost of more than £6bn ($8bn), the large-tonnage, open-pit project also represents one of the biggest foreign investments in sub-Saharan Africa and the Indian Ocean region.

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BGS Report Offers Insight into Cobalt ... - Ocean

2021-6-10  The report by the BGS offers a review of current global resources and reserves, providing geological insight into supply routes, the potential of deep-sea mining for cobalt, extraction methods, processing technologies and the global cobalt supply chain.

More

Digging for Change - Fairphone

2020-6-25  artisanal cobalt mining sites, the state of children’s rights in the associated mining communities, and the livelihood activities and opportunities in the local economy. The purpose of the project was to gather information on and gain insight into the situation in the cobalt mining communities in the region to inform the programme

More

Lithium and cobalt: A tale of two commodities

2018-6-22  In essence, to realize the strong growth prospects of the lithium and cobalt industries, all participants—from mining companies to battery and automotive OEMs to financial players—will need to understand the battery value chain as an ecosystem and work with each other to provide transparency and agreement on key areas, such as battery technology, supply-side growth, and pricing

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First Cobalt – 121 Mining Investment Online EMEA

Analyst Insight – provided by Independent Investment Research. First Cobalt is a TSX-listed pure-play cobalt company and owner of the only permitted primary cobalt refinery in North America. The company intends to restart the First Cobalt Refinery in Ontario, Canada, to produce over 25,000 tonnes of cobalt sulfate per year from Glencore feed.

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DRC: Gécamines takes over the artisanal cobalt

2021-4-8  In fact, there have been no mining-related deaths. “Trafigura is a world-class partner, it has the expertise to find the right customers at the best price for our cobalt,” said Takis, who is aiming for annual volumes of 15,000tn to 30,000tn of cobalt per year for EGC’s artisanal sector by 2025.

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THE EMERGING COBALT CHALLENGE - RCS Global

2020-2-25  As cobalt supply chains come under more scrutiny, it’s important for companies to understand what the risks are and how they relate to the unique structure of the sector in the DRC. Of the cobalt exported from the Congo, around 20% originates from the artisanal and small-scale mining

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Minerals transition to a clean energy future Deloitte ...

2021-2-1  To address the challenges associated with cobalt mining, hundreds of companies have joined the Responsible Minerals Initiative in a bid to improve global supply chains within conflict-affected and high-risk jurisdictions. 25 Several companies, BMW among them, 26 have also refused to purchase cobalt sourced in the DRC.

More

Identifying supply risks by mapping the cobalt supply ...

2020-5-1  1. Introduction. Cobalt is widely considered a critical material, and is used in many different sectors, ranging from chemical, metal and graphics industry, electronics to healthcare (Cobalt Institute, 2019).Cobalt is an essential component of the lithium-ion batteries used in almost all laptops, mobile phones and electric vehicles (McCullough and Nassar, 2017).

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Mining and Metals 2020 Trends - Global Energy

2020-1-23  Global Energy Transition Driving Change and Demand. The energy transition from fossil-based fuels to lower carbon alternatives is underway. While it is a threat for the fossil fuel based energy sector, it is also driving significant new opportunities, including demand for reliable and cost effective energy storage and, with it, demand for different types of minerals, such as lithium, cobalt ...

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9 Biggest Chinese Mining Companies - Investopedia

2021-5-26  It mines for molybdenum, tungsten, niobium, cobalt, copper, and more. For the first quarter of 2020, the company's revenue was 22.38 billion RMB. Its revenue for 2019 was 68.68 billion RMB, and ...

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Digging for Change - Fairphone

2020-6-25  artisanal cobalt mining sites, the state of children’s rights in the associated mining communities, and the livelihood activities and opportunities in the local economy. The purpose of the project was to gather information on and gain insight into the situation in the cobalt mining communities in the region to inform the programme

More

Lithium and cobalt: A tale of two commodities

2018-6-22  In essence, to realize the strong growth prospects of the lithium and cobalt industries, all participants—from mining companies to battery and automotive OEMs to financial players—will need to understand the battery value chain as an ecosystem and work with each other to provide transparency and agreement on key areas, such as battery technology, supply-side growth, and pricing

More

Cobalt kicks off 2021 with a bang - MiningNews.net

2021-1-14  Cobalt metal prices had increased this year by almost 8% on an EXW Europe basis on December averages, although Benchmark pointed out the December average of $15.45/lb or $34,050/t was below the long-term average. Cobalt metal had soared to $96,200/t in April 2018 as sentiment overshadowed actual demand for the mineral needed in electric vehicle ...

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First Cobalt – 121 Mining Investment Online EMEA

Analyst Insight – provided by Independent Investment Research. First Cobalt is a TSX-listed pure-play cobalt company and owner of the only permitted primary cobalt refinery in North America. The company intends to restart the First Cobalt Refinery in Ontario, Canada, to produce over 25,000 tonnes of cobalt sulfate per year from Glencore feed.

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First Cobalt to start cobalt refinery ... - Mining Journal

2021-3-3  First Cobalt has a busy 2021 ahead as it seeks to start work on its hydrometallurgical cobalt refinery expansion project in Ontario, Canada, to produce cobalt sulphate for electric vehicle ...

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Identifying supply risks by mapping the cobalt supply ...

2020-5-1  1. Introduction. Cobalt is widely considered a critical material, and is used in many different sectors, ranging from chemical, metal and graphics industry, electronics to healthcare (Cobalt Institute, 2019).Cobalt is an essential component of the lithium-ion batteries used in almost all laptops, mobile phones and electric vehicles (McCullough and Nassar, 2017).

More

Mining and Metals 2020 Trends - Global Energy

2020-1-23  Global Energy Transition Driving Change and Demand. The energy transition from fossil-based fuels to lower carbon alternatives is underway. While it is a threat for the fossil fuel based energy sector, it is also driving significant new opportunities, including demand for reliable and cost effective energy storage and, with it, demand for different types of minerals, such as lithium, cobalt ...

More

How DRC wants to control cobalt production - The

Cobalt prices have risen almost 70 percent in the past year and now trade at more than US$50,000 a tonne on the London Metal Exchange. Takis said mining production at first will be limited to a single site known as Kasulo in Kolwezi, a town 820 miles southeast of the capital, Kinshasa.

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Our Insights McKinsey Company

2021-4-27  April 11, 2019 – How the energy, mining, and materials industries can meet the unique challenges of protecting themselves in a digital world. Article Behind the mining productivity upswing: Technology-enabled transformation

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9 Biggest Chinese Mining Companies - Investopedia

2021-5-26  It mines for molybdenum, tungsten, niobium, cobalt, copper, and more. For the first quarter of 2020, the company's revenue was 22.38 billion RMB. Its revenue for 2019 was 68.68 billion RMB, and ...

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