China Moly, IXM join Fair Cobalt Alliance

June 23, 2021 / www.metalbulletin.com / Article Link

Miners China Moly and IX Metal have joined Glencore and Huayou's Fair Cobalt Alliance (FCA), a body whose aim is to professionalize the artisanal mining sector in the global heartland of cobalt production - the Democratic Republic of Congo (DRC).

"[Because we are] a large industrial miner that maintains strict product control and custody procedures, artisanal and small-scale mining [ASM] sits outside of our own cobalt supply chain, but we recognize that ASM, and those communities reliant on it, should not be neglected," Julia Lang, director of China Moly's sustainability executive committee, said.
China Moly is the second-largest cobalt producer in the world, an FCA press release said on Monday June 21.

The comments from...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok