Celsius aims for cobalt production by 2020

Deposit Nam's first find

07 March 2018 | Sakenuus
Ed Stoddard – Australia's Celsius Resources, which has made Namibia's first cobalt discovery, is aiming to start production from the remote mine in 2020, the company's managing director said.

Cobalt is a key component in rechargeable lithium-ion batteries used in the surging electric car market but most of it comes from the Democratic Republic of Congo (DRC), a country racked by instability and violence, prompting a scramble for alternative sources.

"We have found cobalt in Namibia and a lot of it. Everywhere we drill a hole along this prospective horizon we find cobalt," Celsius managing director Brendan Borg told Reuters.

Celsius will declare its maiden resource – the initial estimate of how much is economically extractable – around the end of March on the deposit, which is in the remote northwest of Namibia.

Rio Tinto drilled in the area around 100 km south of the Angola border in the early 1990s but was not looking for cobalt at the time.

The deposit is in a remote region but is close to decent infrastructure – which Namibia is known for – such as good roads and reliable power.

"We are looking at late 2020 for first production," Borg said. He said Celsius could do it with the company's Namibian partner, unlisted Gecko Namibia, or it might divest from the project before that time.

"We have an open mind. We have the building blocks in place to go all the way to production given our relationship with Gecko. Whether we actually do or not is another question," Borg said.

"There may come an opportunity at some time to divest the project and we certainly have an open mind on that."

Borg also said there were possibilities to produce cobalt sulphate, which is used in battery production, in Namibia for export. Acid used in the uranium industry can also be utilised in cobalt processing.

"There is good acid production capacity in Namibia at the moment, it is underutilised because of the downturn in the uranium industry," Borg said.

Production could take place at the mine site or in the Namibian port of Walvis Bay. – Nampa/Reuters

Soortgelyk

 

Geen Boeing 737 Max 8's mag in Namibië land

3 ure gelede | Vervoer

Ronelle Rademeyer - Die Namibië Burgerlugvaartowerheid (NCAA) het pas ‘n verbod geplaas op die gebruik van Namibiese lughawens deur Boeing 737 Max 8-vliegtuie.Dié owerheid sê...

Geen geld - geen tee, koffie vir pasiënte

7 ure gelede | Gesondheid

Pasiënte in staatshospitale gaan weens die ministerie van gesondheid en maatskaplike dienste se knyptangbegroting vanaf 1 April nie meer koffie en tee bedien word nie....

Geen borg vir rugby-afrigter

8 ure gelede | Misdaad

Borgtog is geweier tydens die eerste hofverskyning van Roger Thompson (35), voormalige afrigter van die Namibiese o.20-rugbyspan.Thompson, wat Sondag in hegtenis geneem is, is aangekla...

Sommige dele van Windhoek sonder water, elektrisiteit

10 ure gelede | Plaaslik

Vyf woonbuurte in Windhoek is tans sonder water, terwyl dele in Katutura nie elektrisiteit het.Lydia Amutenya, woordvoerder van die munisipaliteit, sê in ‘n verklaring waterlewering...

Man (75) verkrag glo sesjarige

10 ure gelede | Misdaad

’n Man wat glo geestelik gestremd is, het Saterdag na bewering ’n sesjarige meisie in die Omhokolo- nedersetting verkrag. Die 75-jarige man is familie...

Ses sterf in vroeë oggendure

20 ure gelede | Ongelukke

Tanja Bause 'n Motorongeluk tussen Windhoek en Okahandja het gister om 05:45 die lewens van ses mense geëis.Vyf mense was in 'n sedan van...

Katrina se skoonsuster verhuur glo lyshuis

20 ure gelede | Howe

Denver Kisting Die hoërhof in Windhoek het gister gehoor 'n skoonsuster van me. Katrina Hanse-Himar­wa het glo 'n huis, wat sy wederregtelik onder die...

Weer vir 12 Maart

20 ure gelede | Weer

BINNELAND: Gedeeltelik bewolk en baie warm in die verre noordooste met 'n paar donderbuie, andersins sonnig en warm tot baie warm. KUS: Gedeeltelik bewolk en...

Steytler verlaat Staatshuis

20 ure gelede | Regering

Dr. Alfredo Hengari, die president se woordvoerder, het in 'n bondige verklaring gesê Steyt­ler het verlede Maandag reeds bedank.Dit was ook sy laaste werkdag, het...