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DRC
Trafigura's cobalt partnership threatened by top management changes at Gecamines

Even though it has not yet come into force, the Swiss trader's exclusive contract for the marketing of the DRC's artisanal cobalt has been called into question by the arrival of Alphonse Kaputo and Leon Mwine at the head of Gecamines. They plan to review the entire partnership project. On the ground, meanwhile, formalisation of the mining activities concerned is running very late. [...]

Published on 20.01.2022 at 05:00 GMT Reading time 4 minutes

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Mining, Commodity traders

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DRC
Albert Yuma Mulimbi
Alphonse Kaputo Kalubi
Bester-Hilaire Ntambwe Ngoy Kabongo
Chemaf
Congo Dongfang
Entreprise générale du cobalt
Felix Tshisekedi
Gecamines
Glencore
Huayou Cobalt
James Nicholson
Jean-Dominique Takis Kumbo
Jeremy Weir
Joseph Kabila
Léon Mwine Kabiena
PACT
Sama Lukonde Kyenge
Sceplum
Shalina Resources
Trafigura

DRC
EGC struggles to make cobalt comeback

Five months after the arrival of its new managing director, the Gecamines subsidiary has still not revived its partnership with trading giant Trafigura, nor has it signed an ore processing agreement with Buenassa, contrary to some reports.

Subscribers only Mining 20.10.2023

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

The former Bolloré executive Eric Kalala is preparing to take the helm at the Entreprise Générale de Cobalt. With this appointment, the Congolese president hopes to breathe new life into the Gécamines subsidiary, which has been somewhat neglected since its creation in 2019.

Subscribers only Mining 29.05.2023

Congolese president Félix Tshisekedi in Beijing on 26 May 2023.

DRC
Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

Having already secretly signed a $400m financing deal with the Chinese firm Chengtun, which has taken over Nzuri Copper's mines, the Genevan trader Trafigura is now set to finalise a deal with Chemaf first announced in late January.

Subscribers only Mining, Commodity traders 12.05.2022

Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

Led by Gary Nagle since last July, the Swiss group, which reported a $5bn net income for 2021, is now practising a policy of amicable settlement to iron out disputes with local and US authorities over its activities in the DR Congo.

Subscribers only Mining 29.03.2022

Glencore CEO, the South African Gary Nagle.

DRC
Huayou Cobalt tries to salvage its Congolese supply

The Chinese group has taken advantage of Gécamines' reluctance to pursue artisanal mining at the Kasulo mine, which Kinshasa wanted to suspend. But if it wants to keep its access to Congolese cobalt, this provider of large battery manufacturers in China will have to invest more in the sector's modernisation.

Subscribers only Mining, Commodity traders 25.03.2022

Central Africa
Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

Swiss trader Trafigura, which is increasing its supply agreements in the DRC and Zambia, is keen to trump its competitors by having a copper transport route to Angola. Together with Mota-Engil and Vecturis, it has responded to the call for tenders to manage the rail corridor between Kolwezi and Lobito.

Subscribers only Mining, Commodity traders 09.03.2022

DRC
Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

Representatives of the Swiss trading giant have travelled to Lubumbashi to talk to Gécamines' new management, where they hope to persuade the state-owned mining firm to continue its artisanal cobalt partnership with them.

Free access Mining, Commodity traders 02.03.2022

Africa, Germany
BMW, Volkswagen and BASF skirt around DRC's cobalt for their electric vehicles

Repelled by DRC mines' bad reputation, BMW has turned to Morocco and Australia for its cobalt supplies, while Volkswagen prefers to deal with Chinese battery manufacturers. At the same time through their supplier BASF, the car makers are funding a project to support Congolese artisanal mining cooperatives, managed by German development agency GIZ.

Subscribers only Mining, Commodity traders 21.02.2022

Artisanal miners work at Tilwizembe, a former industrial copper-cobalt mine outside Kolwezi, Lualaba province, DRC.

Spotlight | Africa
Glencore strives to overtake rival Trafigura on "responsible" cobalt

Through the Fair Cobalt Alliance which it co-founded, Swiss trading giant Glencore aims to improve the social and environmental image of its Congolese cobalt operations. It hopes in this way to gain an advantage over its rival Trafigura, which in turn, is banking on its artisanal mining partnership with Gécamines.

Subscribers only Mining, Commodity traders, Business 08.02.2022

An open pit at Tenke Fungurume, a copper and cobalt mine.

Africa
Helios and OCP play game of bluff over fertiliser trader Solevo

Solevo, a fertiliser and agricultural inputs trading company, was bought from Louis Dreyfus Company in 2016 by the British fund Helios and the Singaporean sovereign wealth fund Temasek. It will soon be put back on the market by its shareholders.

Free access Commodity traders, Business 27.01.2022

DRC
Yuma's sidelined rivals rise to top at Gécamines

The new Gécamines chairman, Alphonse Kaputo Kalubi, was for a long time sidelined by Albert Yuma, who has just been ousted from the helm of the state-owned mining company. It seems that the new managing director appointed at the same time was not a Yuma favourite either.

Subscribers only Mining 09.12.2021

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DRC
Albert Yuma Mulimbi
Alphonse Kaputo Kalubi
Bester-Hilaire Ntambwe Ngoy Kabongo
Chemaf
Congo Dongfang
Entreprise générale du cobalt
Felix Tshisekedi
Gecamines
Glencore
Huayou Cobalt
James Nicholson
Jean-Dominique Takis Kumbo
Jeremy Weir
Joseph Kabila
Léon Mwine Kabiena
PACT
Sama Lukonde Kyenge
Sceplum
Shalina Resources
Trafigura

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Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

DRC
Trafigura's cobalt partnership threatened by top management changes at Gecamines

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

DRC
EGC struggles to make cobalt comeback

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

DRC
Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

DRC
Huayou Cobalt tries to salvage its Congolese supply

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Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

DRC
Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

Africa, Germany
BMW, Volkswagen and BASF skirt around DRC's cobalt for their electric vehicles

Spotlight | Africa
Glencore strives to overtake rival Trafigura on "responsible" cobalt

Africa
Helios and OCP play game of bluff over fertiliser trader Solevo

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Yuma's sidelined rivals rise to top at Gécamines

DRC
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DRC
Trafigura slow and steady on path to marketing Gécamines' cobalt production

DRC
Chemaf boss Shiraz Virji takes Trafigura to court to speed up financing of Mutoshi copper-cobalt mine

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Africa Intelligence on social media

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About Africa Intelligence

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Indigo Publications' websites

Guinea Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC Dan Gertler's billions of dollars in royalties at heart of huge legal battle

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DRC Trafigura's cobalt partnership threatened by top management changes at Gecamines

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

DRC EGC struggles to make cobalt comeback

DRC Tshisekedi appoints Eric Kalala as new head of EGC

DRC Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

Spotlight | DRC Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

DRC Huayou Cobalt tries to salvage its Congolese supply

Central Africa Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

DRC Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

Africa, Germany BMW, Volkswagen and BASF skirt around DRC's cobalt for their electric vehicles

Spotlight | Africa Glencore strives to overtake rival Trafigura on "responsible" cobalt

Africa Helios and OCP play game of bluff over fertiliser trader Solevo

DRC Yuma's sidelined rivals rise to top at Gécamines

DRC Sceplum partners Gécamines, Trafigura and Pact on small-scale cobalt mining

DRC Trafigura slow and steady on path to marketing Gécamines' cobalt production

DRC Chemaf boss Shiraz Virji takes Trafigura to court to speed up financing of Mutoshi copper-cobalt mine

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

DRC
Trafigura's cobalt partnership threatened by top management changes at Gecamines

DRC
EGC struggles to make cobalt comeback

DRC
Tshisekedi appoints Eric Kalala as new head of EGC

DRC
Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

DRC
Huayou Cobalt tries to salvage its Congolese supply

Central Africa
Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

DRC
Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

Africa, Germany
BMW, Volkswagen and BASF skirt around DRC's cobalt for their electric vehicles

Spotlight | Africa
Glencore strives to overtake rival Trafigura on "responsible" cobalt

Africa
Helios and OCP play game of bluff over fertiliser trader Solevo

DRC
Yuma's sidelined rivals rise to top at Gécamines

DRC
Sceplum partners Gécamines, Trafigura and Pact on small-scale cobalt mining

DRC
Trafigura slow and steady on path to marketing Gécamines' cobalt production

DRC
Chemaf boss Shiraz Virji takes Trafigura to court to speed up financing of Mutoshi copper-cobalt mine