Zambia Cobalt Production Down Jan-June 2012

Reuters Africa reported that Zambia’s cobalt output dropped from 4,371 tonnes in 2012 to 3,036 tonnes in the first half of 2012.

As quoted in the market news:

Cobalt production dropped to 3,036 tonnes in the six month period this year from 4,371 tonnes in 2011 and exports fell to 3,534 tonnes from 4,410 tonnes.

Click here to read the full report. 

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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.

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