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Tag: katanga mining

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 Formation Metals to get their latest news instantly.

Two Bodies Recovered From Landslide at Glencore’s Katanga Mine

Following a geotechnical failure at an open pit mine run by Glencore’s (LSE:GLEN) Katanga Mining in the Democratic Republic of Congo, Glencore announced Tuesday that two bodies have been recovered from the open pit. In total, seven people were missing at the time of the landslide, and search and rescue

Cobalt Supply a Discussion Topic at LME Week

Metal Bulletin reported that non-Chinese sources said at LME Week that Glencore plc’s (LSE:GLEN) decision to halt copper and cobalt production at Katanga Mining Ltd. (TSX:KAT) could mean some cobalt chemical producers shift to using more intermediate feed in the metal’s place.

Glencore Suspends Cobalt Output From Katanga

As part of Glencore’s (LSE:GLEN) recently announced measures to cut costs amidst the current commodity price rout, Metalbulletin (subscription required) noted that the company has suspended cobalt production as a consequence of putting production on hold at its copper mine in the Democratic Republic of Congo.

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 Formation Metals to get their latest news instantly.
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