Mining Weekly reported that Katanga Mining’s DRC production has been seriously hampered by a series of power outages.
As quoted in the market report:
Despite the power availability issues, copper produced in metal and concentrate for 2012 totalled a record 92 963 t, an increase of 2% when compared with 2011. Cobalt production totalled 2 129 t in the year, a decrease of 13% compared with 2011.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|