MEI 1.03% 9.8¢ meteoric resources nl

General chit chat, page-110

  1. 4,054 Posts.
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    Returning to cobalt for a moment, if we have it then it’s a good time to have it in a first world country given what’s going on!

    Uranium and cobalt, hmmmm I prefer my cobalt with nickel and copper and gold!

    https://www.bloomberg.com/news/arti...nit-katanga-halts-sales-of-radioactive-cobalt

    Glencore's Congo Unit Halts Sales of Radioactive Cobalt
    By
    Thomas Biesheuvel
    November 6, 2018, 9:57 AM ESTUpdated on November 6, 2018, 10:33 AM EST
    • Katanga finds uranium in cobalt supplies at its Kamoto mine
    • Expects revenue to be hit until sales restart next year

    Photographer: Taylor Weidman/Bloomberg
    Glencore Plc’s unit in the Democratic Republic of Congo will temporarily suspend sales of cobalt from its Kamoto mine after detecting low levels of radioactivity in supplies.

    Katanga Mining Ltd., controlled by Glencore, said Tuesday it will build an ion exchange system to remove uranium, which is expected to cost about $25 million and be ready by the end of the second quarter. In the meantime, it’ll stockpile the vital battery ingredient while continuing to mine both cobalt and copper.

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