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Katanga suspends cobalt sales from Kamoto mine in Congo

Metal News - Published on Thu, 08 Nov 2018

Image Source: MINING.com
Resource World reported that Glencore AG’s said that it will temporarily suspend the export and sale of cobalt produced from its 75%-owned Kamoto Copper Co. project in the Democratic Republic of Congo until further notice. Its partner in the project is Gecamines, a state-owned mining company in the DRC.

Katanga said the presence of uranium was recently detected in the cobalt hydroxide produced at the Kamoto Project in levels that exceed the acceptable limit allowed for export of the product through main African ports to customers.

To date, the total cobalt production impacted by the sale suspension amounts to 1,470 tons of finished cobalt, the company said.

Production of cobalt at the Kamoto Project is expected to continue without a reduction in the quantity produced. The company said it is currently conducting additional surveys to identify the source of the uranium and exploring various options to mitigate the impact of the sale suspension.

Meanwhile, Katanga said it intends to construct an Ion Exchange system to remove the uranium from cobalt produced at the project. The cost is estimated at USD 25 million. Subject to gaining the necessary approvals, the Ion Exchange system is expected to be commissioned by the end of the second quarter of 2019.

Source :

Posted By : Rabi Wangkhem on Thu, 08 Nov 2018
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