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BMW, BASF SE, Samsung SDI & Samsung Electronics Kick Off Cobalt for Development Project

Metal News - Published on Tue, 24 Sep 2019

Image Source: BMW
With the pilot project “Cobalt for Development”, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics kicked off their cross-industrial initiative aimed at improving working conditions of the people working at an artisanal cobalt mine site in the Democratic Republic of Congo. Cobalt is a key component in the production of batteries for electronic devices and electrified vehicles. Most of the global cobalt reserves and production are located in the south of the DR Congo. The companies from the electronics, automotive and chemical industries have therefore commissioned the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH to test within three years how living and working conditions in artisanal cobalt mining and in the surrounding communities can be improved. The commissioning companies will not operate the mine. Together with authorities in the province of Lualaba, the project has selected a legal artisanal mine site nearby Kolwezi to pilot the approach.

Dr. Andreas Wendt, Member of the Board of Management of BMW AG, Purchasing and Supplier Network said that “Sustainability is an important aspect of our corporate strategy and plays a key role in expanding electro-mobility. We are fully aware of our responsibility: Cobalt and other commodities must be extracted and processed under ethically responsible conditions. The company’s commitment to projects such as Cobalt for Development is fundamental to ensuring that suppliers also consistently comply with the BMW Group’s high social and environmental standards. If the project is a success, these approaches can be transferred to other small, non-industrial mines over the long term.”

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Posted By : Ratan Singh on Tue, 24 Sep 2019
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