RE: SP5 Feb 2020 10:13
Scoop if this is your idea of a crappy report I'd like to see your idea of a good one The world’s biggest cobalt miner produced 10 per cent more of the metal last year thanks to increased output from one of its mines in the Democratic Republic of Congo.
Glencore said that cobalt production had risen to 46,300 tonnes, primarily thanks to its Katanga mine. This more than offset the impact of its decision to mothball its Mutanda mine in the same country.
Glencore, based in Switzerland and listed in London, is one of the world’s biggest mining companies and is a member of the FTSE 100 index. It reported net income of $3.4 billion in 2018 from producing commodities including copper, cobalt, zinc and coal, and from substantial trading operations.
It produces cobalt as a by-product of copper at Katanga and Mutanda and