Group operating Metalkol’s copper-cobalt tailings recovery project.
Sources support the description and the individual connections below. Publication and checking dates refer to the evidence, not a guarantee of current operations.
Reported means the cited source describes the relationship at its evidence date. Historical relationships refer to an earlier period. Announced agreements may not have been implemented. None of these labels confirms that trade continues today.
A binding letter of intent effective April 1, 2024 proposed 3,000 tonnes of contained cobalt annually for three years. Its original 2026 start predates Electra's subsequently revised commissioning schedule.
Cobalt will come from ERG’s Metalkol operation in the Democratic Republic of the Congo
an extension of its cobalt hydroxide feed purchase agreement with Glencore AG
A preliminary five-year agreement envisaged up to 3,000 tonnes of contained cobalt annually. It is proposed feedstock supply, not evidence of delivery; EVelution's later schedule places facility completion in 2029.
ERG plans to supply cobalt hydroxide from its flagship Metalkol production facility in the DRC.
the signing of a binding long-term offtake agreement with Mitsui & Co., Ltd.
A three-party memorandum explored ERG cobalt hydroxide supply to a new Mechema refinery. Metalkol was named as intended origin; feasibility and commercial arrangements remained prospective.
Mechema will conduct a feasibility study into the construction of a new cobalt refining plant
ERG describes Metalkol as its cobalt-copper tailings processing operation.
ERG’s Metalkol processes oxide cobalt/copper tailings to produce cobalt hydroxide
Dry-stacked at the dust-emitting Kingamyambo Tailings Dam (approximately 30 million tonnes)
Tenke Fungurume Mining (owned by CMOC); Metalkol (Eurasian Resources Group)