Glencore AG
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Barrick’s Bristow and Blackrock’s Hambro discuss ‘profits with purpose’ at PDAC
The 89th annual Prospectors and Developers Association of Canada convention kicked off yesterday a little differently – in an online format thanks to the ongoing coronavirus pandemic. The highlight of Day 1 was a conversation on “profits with purpose” between…
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First Cobalt inks feed agreements for refinery starting in 2022
First Cobalt has secured cobalt feed amounting to 90% of capacity for its First Cobalt Refinery in Ontario. The facility will be the only producer of cobalt sulphate for electric vehicle batteries in North America once the company completes a…
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COBALT: Feasibility shows strong economics for First Cobalt refinery reboot
TORONTO – A feasibility study looking at an expansion of First Cobalt’s refinery in Ontario shows that with a capital investment of US$56 million, the past-producing facility could produce nearly 25,000 tonnes of cobalt sulphate annually – representing 5% of…
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COBALT: First Cobalt powers up refinery
ONTARIO – Toronto-based First Cobalt Corp. has turned the power on at its refinery in the town of Cobalt. A team of engineers and technicians will conduct a field program in support of the definitive feasibility study underway by Ausenco…
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COBALT: Glencore to shut down Mutanda mine
DEMOCRATIC REPUBLIC OF CONGO – Glencore AG, one of the largest miners in the world, has announced the closure of its Mutanda mine due to depressed cobalt prices. The closure of the mine that in 2018 produced 27,000 tonnes of…
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COBALT: Glencore provides $5M loan for First Cobalt refinery study
ONTARIO – Swiss integrated miner Glencore AG has agreed to loan US$5 million to Toronto-based First Cobalt. The funds will be used for advanced engineering, metallurgical testing, field work and permitting to complete a feasibility study of First Cobalt’s refinery…
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COBALT: Glencore to support First Cobalt’s refinery restart
ONTARIO – Toronto’s First Cobalt Corp. and Swiss mining giant Glencore AG have signed a memorandum of understanding to supply feedstock and financing to the reopening of First Cobalt’s cobalt refinery in the town of Cobalt. This is the only…
