Fyi, Here's a couple of recent African / DRC articles translated from French fwiw, as
Global energy transition: a deal between the DRC, Zambia and Madagascar for cobalt
The Democratic Republic of Congo (DRC), which holds 65 % of world cobalt production, would gain a lot by joining other producers in the region such as Zambia (2 %) and Madagascar.
This proposal from the South African organization Sarw aims to encourage synergy within the countries of the SADC space in order to face the foreign private sector which exercises a de facto monopoly on this very lucrative market encrypting in hundreds of billions US dollars or more.
There is no secret for anyone that cobalt need is being felt more and more in several areas of activity, including that of the very strategic aerospace industry very little cited elsewhere in the most informed analyzes of African experts .
Everything seems to indicate that cobalt is considered today as "metal - solution" for climate change due, in particular, of its use in the manufacture of batteries for electric vehicles. If the market does exist, Sarw's analysis is more based on the posture of Africa.
Currently, the foreign private sector has a real grip on the global production of this metal.
However, by working together, the South African organization thinks that it is possible to overthrow the situation:
"The DRC, Zambia and Madagascar must use their production power to ensure a high degree of enrichment or manufacturing upstream in the African continent," she said.
By producing more than 70 % of the cobalt used around the world, Africa should only be satisfied with mining taxation.
Kinshasa, as we know, took the initiative to erect the African Center for Excellence for the Battery Industry.
It is planned for the foundation of the first stone next December in the province of Haut-Katanga.
In the meantime, since June 24, technical meetings have started well at the expert level for the effective operationalization of the electric battery factory in the DRC.
The themes developed concern, among other things, the dimensioning study of this pilot factory as well as the different technical and legal variants with the creation of the cross -border special economic zone between the DRC and Zambia for the materialization of this factory.
Experts from the African Center for Excellence for the Battery Industry and their counterparts from the United Nations Economic Commission for Africa support this project.
In the space of three months since the launch of the center, there have been, for example, discussions on short -term and medium -term training, the training of master and baccalaureate.
However, other metals will be used in the manufacture of electric batteries: nickel, lithium and manganese.
The good news is the approval of cooperation with Zambian universities and research centers in Germany for the smooth running of the project.
China's CMOC plans $1.8 billion investment in DRC copper-cobalt mine
Of the total investment, CMOC plans to allocate $1.4 billion for engineering works under the first phase of the Kisanfu project.
Chinese mining company China Molybdenum (CMOC) is set to invest $1.826 billion for the development of the first phase of the Kisanfu copper and cobalt project in Congo.
The project is expected to meet the growing demand for commodities from the new energy sector.
CMOC acquired a 95% stake in the KFM project in December 2020, through its KFM Holding unit.
In April 2021, battery manufacturer Contemporary Amperex Technology (CATL) subsidiary Ningbo Brunp CATL New Energy purchased 25% of KFM Holding from CMOC for $137.5 million.
With this agreement, CMOC and CATL hold 71.25% and 23.75% of the shares of the Kisanfu mine respectively, while the DRC government holds the remaining 5%.
CMOC plans to allocate $1.4 billion for engineering, $238 million for reserve costs and $161 million for other construction work for the project, according to Yicai Global.
The project will produce primarily crude cobalt hydroxide, cathodic copper and a small amount of copper cobalt sulphide concentrate.
Scheduled to be commissioned in the first half of 2023, the project is expected to have an average production capacity of 90,000 tpa of copper and 30,000 tpa of cobalt during the first phase, according to Zawya.
Located 33 km southwest of CMOC's Tenke Fungurume copper-cobalt mine, the Kisanfu mine is expected to contain 365 Mt grading 1.72% Cu and 0.85% Co and containing approximately 6.3 Mt of copper and 3.1 Mt of cobalt.
In 2020, CMOC declared the Kisanfu mine to be one of the largest, highest quality undeveloped cobalt and copper projects in the world.
At that time, the company said in a statement:
"Mineralization continues at depth beyond current drilling, underscoring the potential to expand the resource and develop it into another long-term, world-class asset.
www.mediacongo.net
*To Remind,
Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC
The Congolese Minister of Industry, Julien Paluku Kahongya, and the Honorary President of the Federal Parliament of Belgium, current Minister of State, André Flahaut, exchanged, on Monday June 27, 2022, in Kinshasa, on the will of the Kingdom of Belgium through its companies to support the DRC in the installation of a precursor electric battery factory in the province of Haut-Katanga.
This desire is indeed manifested in the context of the establishment of Special Economic Zones.
“My visit to Kinshasa falls within the framework of the extension of all the events that occurred in the DRC several weeks ago, both in terms of history, memory, royal visit and the wish expressed, both by the Congolese and Belgian authorities, to energize and boost our partnership in the economic and industrial field.
I exchanged views with the supervision of the Congolese Industry sector, a sector which abounds in vectors for the economic development of the DRC and to see how to find partners for the finalization of these industrial projects. “, did he declare.
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