Canadian miner sells cobalt assets in Ontario
The claims are located in the Cobalt-Gowganda mining district.
The claims are located in the Cobalt-Gowganda mining district.
Deripaska is the main owner of the conglomerate EN+, which in turn is the co-owner of some of the world's biggest metals producers.
The rapid proliferation of poisons in a widening variety of applications requires better monitoring and control.
Trafigura has already increased its foothold in nickel with an exclusive offtake agreement with Finland's Terrafame, that also produces zinc and cobalt.
The government says mining commitments reached as much as $6 billion since Mnangagwa’s appointment.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
New output from Congo means the supply of cobalt could exceed demand for a few years, as it did narrowly in 2017.
Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km.
The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.
Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.