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Sogosohubidu201on Feb 05, 2020 7:51pm
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DRC new artisanal cobalt monopoly to seek private partner
DRC new artisanal cobalt monopoly to seek private partnerhttps://www.reuters.com/article/mining-indaba-congo/congos-new-artisanal-cobalt-monopoly-could-seek-private-partner-minister-idUSL8N2A32QA
CAPE TOWN, Feb 3 (Reuters) - A new state company set up by the Democratic Republic of Congo to manage the country’s artisanally mined cobalt could seek a private partner if the state does not have the funds to purchase all production, the mines minister said.
DRC produces about 60% of the world’s cobalt. Most of that is extracted by industrial operators like Glencore and China Molybdenum, with artisanal miners accounting for about a quarter of output.