Link to cobalt supply and demand:
|Rank||Country||World Mine Production, By Country (Metric tons, cobalt content) in 2009|
|1||Congo, The Democratic Republic Of The||35,500|
Click HERE for an overview (Mbendi)
- Chambishi Metals plc (a joint venture of International Metals Resources and the Beni Stein Group Resources) is the largest cobalt producer in Zambia with a forecasted production of 4 000 t of cobalt for 2007. It produced about 3 400 t in 2006. Chambishi expects to raise output to 5 000 t/y in 2010 from 3 000 t/y now by buying extra raw material, a senior company official said in September, 2007. The company would raise cobalt output to 4 000 t/y after Zambia's new Mulyashi copper mine comes on stream in the first quarter of 2008.
- Caledonia Mining Corporation has signed a cobalt offtake agreement with a Chinese refiner, for cobalt produced at the company's Nama project, in northern Zambia.Caledonia will supply a minimum of 21 000 t of cobalt metal equivalent, in the form of cobalt hydroxide, from the Nama projecty over a six-year period.The company is planning to start producing from the openpit mine earlyin 2009, and expects output to average 10 000 t/y of cobalt metal.The offtake deal announced in January, 2008, specifies that the price will be based on the published monthly average for 99,3% cobalt from the London Metal Exchange, and contains a guaranteed 'take or pay' minimum cobalt price of $12/lb of cobalt metal. The spot price for cobalt at that stage was $44/lb.
- Central African Mining and Exploration Company plc (CAMEC) plans to re-start production at what it says is the world's largest cobalt deposit, Mukondo in the DRC, with its joint venture partner Prairie International at the beginning of 2008 to supply the market with 6,000t of cobalt in 2008. The Mukondo deposit contains 350,000 t of cobalt, of which 250,000 t would be recovered over a period of 15 years.