Post by
Allman on Apr 04, 2024 1:03pm
Congo Suspends ERG Subcontractors at Major Cobalt Mine
Another reason why cobalt should be sourced domestically from a safe and predictable jurisdiction ...
- Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s refinery north of Toronto
- Cobalt will come from ERG’s Metalkol operation in the Democratic Republic of the Congo, one of the largest cobalt hydroxide facilities globally
The Democratic Republic of Congo has suspended nine subcontracting companies working at mines run by Eurasian Resources Group, as the cobalt and copper producer faces fresh complications in the country.
The latest measures affect firms with contracts at ERG’s two operating projects in Congo: Metalkol, which was the world’s fourth-biggest source of cobalt last year, and Frontier, which produced more than 100,000 tons of copper in 2023. https://www.bnnbloomberg.ca/congo-suspends-erg-subcontractors-at-major-cobalt-mine-1.2055056
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