Snapshots

Congo: Why the Shutdown of One Cobalt Mine Matters

Aug 7, 2019 | 22:08 GMT

British-Swiss mining powerhouse Glencore has announced that it will shut down cobalt and copper production from its Mutanda mining operation in the Katanga province of the Democratic Republic of the Congo by the end of the year. The company expects the shutdown to last at least two years, although, after that amount of time, the benefits of restarting operations could be insufficient to justify a restart. In 2018, besides about 200,000 metric tons of copper, the mine produced just over 27,000 metric tons of cobalt -- around 20 percent of total global production of the strategic metal....

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