Broken Hill Prospecting could benefit by recent DRC bans

26 April 2013

The Government of the Democratic Republic of Congo has announced it would ban exports of cobalt and copper concentrates in order to encourage production of value added products in the country. Following the announcement, an increase in the cobalt price has occurred and future cobalt exports from the DRC have become uncertain. Early in April, Mining Minister Martin Kabwelulu gave companies with producing metal mines in the DRC 90 days to clear their concentrate stockpiles before the ban was enforced.

ENP Newswire