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Large African cobalt producer CMSK will stop operations on low prices
December 18, 2008 - 11:40 GMT
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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Euromoney Institutional Investor PLC.
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