Copying and distributing are prohibited without permission of the publisher

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...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)