![]() ![]() There are 19 main cobalt mines in DRC (Ahlijian, 2022) you can use the below map to explore the area of these mines. Owned by Jinchuan Group, the brownfield mine produced an estimated 5.21 thousand tonnes of cobalt in 2022. ![]() The Ruashi Mine is a surface mine located in Katanga, Democratic Republic of the Congo. DRC is a country located in central Africa, with an estimated population of 108.4m (Lemarchand, 2022). The surface mine produced an estimated 6.29 thousand tonnes of cobalt in 2022. Last week, Elon Musk announced that Tesla plans to manufacture 20. Photo courtesy of Dorothee Baumann-Pauly. The Democratic Republic of Congo (DRC) produces more than 70 of the worlds cobalt, 15 to 30 of which is produced in artisanal mines. The Mutoshi copper-cobalt mine is expected to begin operating in Q4 2023, and will be the world's third largest cobalt mine. The Democratic Republic of the Congo (DRC) produces the majority of the world’s cobalt (Coffin & Horowitz, 2018). Packing cobalt at the Kasulo buying station in the Democratic Republic of the Congo. Glencore (LSE: GLEN,OTC Pink:GLCNF) has interests in two mines in the African country, Katanga and Mutanda - key producers of cobalt.Īdditionally, in November 2022, Trafigura closed a US$600 million financing that it said "would enable it to complete Congo miner Chemaf's new mechanised mine at Mutoshi, processing plant in Kolwezi, and the expansion of its Etoile mine and processing plant in Lubumbashi." The deal was contingent on enhanced ESG compliance and responsible sourcing awareness and implementation. The DRC is likely to remain crucial to the cobalt market for the foreseeable future. In 2020, the country set up a new state company to buy and market all artisanal cobalt mined in the DRC with the aim of controlling the entire supply chain and boosting government revenue by having more influence on cobalt prices. Le sud de la République démocratique du Congo (RDC) renferme un trésor. In response, the London Metal Exchange has taken steps to ensure all producers associated with the exchange follow responsible sourcing guidelines.įor its part, the DRC passed a revised mining law in 2018 that increased taxes on metals like cobalt and copper. Theres no denying that the clean mobility and energy transition will only be truly sustainable if cobalt - and other precious metals. ![]() However, cobalt mining in the country has been linked to human rights abuses, including child labor. As of last year, 15 of the 19 cobalt-producing mines in Congo were owned or financed by Chinese companies. The country has been the top producer of the metal for some time, and reported output of 130,000 MT in 2022.Īs cobalt demand rises, increasing attention is being directed at the DRC. Beijing bankrolled a buying spree of mines in Congo, locking up a key supply chain. The Democratic Republic of Congo (DRC) is by far the world’s largest producer of cobalt, accounting for roughly 70 percent of global production. ![]()
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