Cmcl cobalt mines12/7/2023 ![]() ![]() Prices for cobalt, like copper, have surged over the last two years, spurring miners to speed up the development of new mines and expansions of existing ones. “I don't think we're going to have problems raising funding for this project in the current environment,” Hayden commented on a conference call with analysts and investors.Ĭaledonia has already signed offtake agreements with refiners for 51 560 t of cobalt metal equivalent between 20, which represents Nama's entire forecast production over the five-year period. The company is looking at “various options” to fund the project, which internal studies indicate will cost about C$125-million, but the firm will have a clearer picture once the feasibility study is completed. The firm, which announced on Monday it had signed formal agreements to sell its two South African gold mines in order to focus its attention on bringing Nama to production, then expects to be able to provide clarifications on its plans to finance the project during July. ![]() Toronto-based Caledonia Mining hopes to complete a feasibility study on its Nama cobalt project, in Zambia, by early June, and will continue to work towards starting production as early as posssible next year, CEO Stefan Hayden said on Monday. Goro lateritic nickel project, New Caledonia Toronto-based Caledonia Mining has signed a fourth cobalt offtake agreement for metal produced at its Nama mine, in northern Zambia, the firm said.Ĭompany Announcement: Caledonia Mining Announces Cobalt Off-take Agreement withĬaledonia signs cobalt offtake pact for Zambian mine Toronto-based Caledonia Mining has signed formal sales agreements for its subsidiaries that own the mothballed Barbrook and Eersteling mines, in.Ĭaledonia inks final offtake pact for Zambia cobalt mine Full steam ahead for Zambia cobalt projectĬaledonia inks sales agreements for two SA mines
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