Graphic: Surpluses, low prices to remain a feature of cobalt market

The company also expects trading to be halted on the Lima Stock Exchange, OTCQX and the Frankfurt Stock Exchange, and that its common shares may be delisted.

Eight workers were trapped in the mine after the deadly flood in April and searches were ongoing—the bodies were all recovered in June.

A majority-owned joint venture has signed an agreement that will pave the way to study and obtain a licence to explore the Belinga project.

Transnet declared force majeure and sought to terminate long-term coal transportation agreements in April.

The company said gold production fell by 77% in the first half following a strike at its South African gold operations.

Exports from the mine, which accounted for more than 10% of global cobalt output in 2021, were suspended a month ago.

The Central African Republic is defending the use of Russian assistance to take back territory the government says rebels have illegally occupied.

Large producers that exceed their goals will receive 80% of the payment for the additional output in foreign currency.

The deal worth $55 million will give Seriti a 51% stake in the wind and solar power business.