Kinshasa is already Africa’s biggest city – could cobalt make it the richest?
Kinshasa has had a turbulent past but has started to prosper as the Democratic Republic of Congo's economy expands at…
By
Kinshasa has had a turbulent past but has started to prosper as the Democratic Republic of Congo's economy expands at…
ByThe investment will be used to maintain the Manono project’s progress timetable and fund drilling work at the Roche Dure…
Trafigura will market all cobalt hydroxide produced at Chemaf’s DRC operations.
The latest fundraising comes nearly three months after AVZ secured $240m for the Manono Project.
The 500,000tpa smelter is planned to be built adjacent to the Kamoa-Kakula’s Phase 1 and Phase 2 concentrator plants.
Fair Cobalt Alliance (FCA) seeks to develop a responsible and fair artisanal mining cobalt supply in the DRC.
The Western Foreland exploration area neighbours the Ivanhoe Mines Kamoa-Kakula project in the DRC copper belt.
Post-deal completion, AVZ will have a 51% stake in the project while Cominiere will retain a 25% interest.
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