International news within the industry of mining and metal, Jan, 18 2019
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Cobalt conflict in DRC hits mining giant

Map: Katanga Mining
Map: Katanga Mining
Published by
Simon Matthis - 24 Apr 2018

Katanga Mining, owned by the mining giant Glencore, Katanga tumbled as much as 30 percent in Toronto Monday morning, the biggest intraday decline since July, according to Reuters.

Katanga is also a co-owner of the state-run copper company KCC. However, as part of market restructuring activities, DRC now appears to dissolve the KCC (Kamoto Copper).

"As the KCC is expected to produce one-sixth of the world's cobalt supply next year, a dissolution of the company would send shock waves through the global market,” said Elisabeth Caesens, director of the Brussels-based organization Resource Matters.

Cobalt is one of the values commodities these days because it is an important component of batteries, ranging from smart phones to electric cars.

Analysts now expect the company to invest more in KCC to let it continue its operations.  

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company

The world's first mining-related railway network for autonomous trains was opened

"improves productivity"

The mining company Rio Tinto's AutoHaul ™ program, which is expected to cost $ 940 million, is...