DRC export ban a positive for BPL

28 May 2013

A decision by the Democratic Republic of Congo (DRC) to ban exports of copper and cobalt concentrates in an effort to encourage production within the country could have positive ramifications for Broken Hill. Broken Hill Prospecting (BPL) owns the largest undeveloped cobalt deposit outside of the DRC and any shortage on global markets could make its deposit attractive to develop. The cobalt price has already risen as future cobalt exports from the DRC have become uncertain. The price has moved from $US25,000/t before the DRC announcement to the cash buyer price of $US26,750/t.

Gold & Minerals Gazette