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Large African cobalt producer CMSK will stop operations on low prices

December 18, 2008 - 11:40 GMT Location: London

KEYWORDS: CMSK , cobalt , George Forrest , metal prices , Gecamines , alex harrison

CMSK, a large producer of cobalt in the Democratic Republic of Congo, will stop operating on December 20 on low prices and demand, a spokesman for the George Forrest Group, the majority owner, told MB

CMSK, or Compagnie Minière du Sud Katanga, exploits the Luiswishi mine, around 20 km from Lubumbashi, and treats the ore at the nearby Kipushi concentrator. It is a joint venture owned 60% by the George Forrest Group and 40% by state mining company Gécamines, the spokesman said. In 2007, CMSK produced 4,000 tonnes of cobalt contained in concentrates and will produce 3,500 tonnes of cobalt-contained this year, the spokesman said. "CMSK is obliged to take a series of measures to protect the company as well as jobs," it...

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