Mining G7 scuppered by returning trio
The DRC branches of Australian miner MMG, Canadian firm Ivanhoe [...]
Some 60% of the world's cobalt reserves are found in the Democratic Republic of Congo, while other African nations, including Zambia, Uganda, Botswana, Namibia, Morocco, Ivory Coast and Guinea also hold resources of this sought-after metal used in the growing electric battery market.
A combination of tumbling cobalt prices, aging copper assets in Copperbelt Province and sustained global demand for steel is pushing mining operators and traders active in Zambia towards the manganese sector. A steely resolve - Even as the state-owned ZCCM-Investments Holdings [. [...]