19
May
17:11
COBALT, COPPER: Glencore set to restart Mutanda mine in 2022
Glencore is reportedly restarting its Mutanda copper and cobalt mine next year, keeping to its previously planned minimum two-year closure window.
The open-pit mine in the Democratic Republic of the Congo closed in November 2019, on the back of low cobalt prices, rising input costs and a shortage of sulphuric acid, as well as a new mining code that increased royalties on cobalt to 10%. The mine was put under care and maintenance, with the company saying it would o…
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