![]() ![]() Trafigura declined to comment on the discussions, which have not previously been reported. In a telephone interview, Takis said the EGC had aimed to source 7,000 tonnes of cobalt in hydroxide from Kasulo this year, followed by 15,000 tonnes in 2022 and 20,000 tonnes in 2023. Geneva-based commodity trader Trafigura is helping to finance the EGC in return for a supply of 45,000 tonnes of hand-mined cobalt, valued at around $2.4 billion at current prices. "We are working on resolving the situation created by the continuous presence of CDM on this site, and we are hopeful a solution is in sight," EGC Director-General Jean-Dominique Takis said in written responses to questions from Reuters.īryce Lee, head of corporate social responsibility at Zhejiang Huayou Cobalt, said the company was in "friendly negotiations" with EGC over Kasulo. Reuters could not confirm the contract's details. Its subsidiary, Congo Dongfang International Mining SARL (CDM), is based at Kasulo and the refiner told Reuters it has a contract giving it the right to stay until the deposit is exhausted. State-backed Entreprise Generale du Cobalt (EGC) earlier this year earmarked the Kasulo mine, in Congo's Lualaba province, for its first purchases of cobalt as it works to overhaul conditions at informal mining sites, where child labour and deadly accidents are common.īut EGC's plans to start buying cobalt this month from the mine have been disrupted by China's Zhejiang Huayou Cobalt. Sept 27 (Reuters) - Democratic Republic of Congo's state cobalt buyer and China's biggest cobalt refiner are in talks to end a dispute over a mine at the heart of Congo's efforts to clean up its supply of the metal and reassure car and battery makers that rely on it. ![]()
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