A high court ruled that a foreign company must pay medical expenses for a Congolese worker has drawn attention to the risks of international mining investment.
[Luoyang Molybdenum Industry and Jinxin establish a strategic partnership to further strengthen cooperation in mining] A few days ago, Luoyang Molybdenum Industry and Jinzheng Mining Management Co., Ltd. held a strategic cooperation signing ceremony in Shanghai Hongshang Building, headquarters of Luoyang Molybdenum Industry. Luoyang Molybdenum North Parks Copper and Gold Mine in Australia uses the world's leading underground caving mining method, and is currently carrying out long-term mine planning and technical upgrading, and is in urgent need of professional underground mining technical service providers to provide guidance in order to maximize the development and utilization of resources. Jinxin's professional advantages in underground mine construction services and mining operations are highly in line with the willingness of both sides to cooperate.
Glencore leads miners group in cobalt blockchain pilot
Child miners as young as 11 in eastern Congo. (
Mining and commodities trader
Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology.
The group, which includes Eurasian Resources Group (ERG) and China Molybdenum (CMOC) are piloting Re|Source, a solution to track responsibly produced cobalt from mine to electric car.
Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022.