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Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Germany ready to back new electric car battery consortium

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Post by Sogosohubidu201 on Sep 06, 2019 12:03pm

Germany ready to back new electric car battery consortium

https://www.reuters.com/article/us-europe-batteries-germany/germany-ready-to-back-new-electric-car-battery-consortium-idUSKCN1VR0UB

BERLIN (Reuters) - European states are discussing the creation of a second European battery cell production consortium, the German economy ministry said on Friday, as carmakers prepare to launch a raft of new electric cars at the Frankfurt Auto Show next week.

Europe’s auto industry is promoting zero-emissions cars as a way to comply with clean air rules, a strategy shift which forces carmakers to retool their supply chains to build electric, rather than combustion-engined cars.

Germany’s Economics ministry said it is making 1 billion euros ($1.10 billion) in subsidies available to help enhance and preserve the automotive value chain in Germany and Europe.

“Germany and Europe need to develop and build competitive, innovative and environmentally sustainable battery cells,” German economy minister Peter Altmaier said in a statement on Friday.

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