12/14/2023 0 Comments Cobalt mines i congo![]() ![]() ![]() Tenke Fungurume, the world's second-largest cobalt mine, produced about 20,000 tonnes of copper and 1,500 tonnes of cobalt a month through 2022, according to company figures. The African nation relies heavily on its mining sector. A new white paper from New York University and the University of Geneva urges dramatic changes to mining practices in the Democratic Republic of Congo (DRC). Consultancy CRU expects the DRC to produce more than 100,000 tonnes of cobalt. The Democratic Republic of Congo is Africa's largest mineral producer, and supplies over 70 percent of the world's cobalt, a metal critical to batteries used in electronics and electric cars. Congo’s artisanal miners are the world’s second-largest source of cobalt after the country’s industrial mines. High-tech, industrial mines run by global corporations like China Molybdenum employ thousands of people in Congo’s cobalt sector, and while they have their own problems, they are largely not. In the future, "Gecamines will be entitled to 20% of the total value of the project's subcontracting and the right to acquire a volume of production proportional to its 20% stake in TFM on market terms and in compliance with Congolese laws," CMOC said. FIArtisanal miners work at Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, capital city of Lualaba Province in the south of the Democratic Republic of the Congo, June 11, 2016. Large deposits of cobalt-containing copper ore were first discovered in 1914 by the Belgian company Union Minire in the southern portion of the Belgian Congo. For this they receive just ten cents per day and are constantly threatened with violence. The details of the deal were not released until Tuesday, when CMOC said in a stock exchange filing that its mine would pay Gecamines $800 million in a settlement payment and at least $1.2 billion of dividends over several years. Children still mining cobalt for gadget batteries in Congo 05:56 An estimated two-thirds of children in the region of the DRC that CBS News visited are not in school. Children as young as four are being forced to slave for 12 hours a day in Congo ‘horror mines, extracting cobalt for the manufacture of mobile phones. ![]() It was stuck for over nine months, alongside an even larger stockpile of copper, until CMOC began shifting its giant stash of metals this year after the two sides reached a resolution in April. As many as 13,000 tonnes of cobalt powder are thought to have been hoarded in the Tenke Fungurume mine - equivalent to seven percent of the world's production last year. ![]()
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