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The Murrin Murrin Mine is a major nickel-cobalt mining operation being conducted in the North Eastern Goldfields, approximately 45 km east of Leonora, Western Australia. ...
Starting from smaller amounts in 2021, Indonesia began producing cobalt as a byproduct of nickel production. By 2022, the country had become the world's second-largest cobalt producer, with Benchmark Mineral Intelligence forecasting Indonesian output to make up 20 percent of global production by 2030.
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Globally, most cobalt is used to manufacture lithium-ion batteries. Some estimates indicate a 5000% increase in electric vehicle manufacture between 2016 and 2030 to meet CO 2 emission targets in the Paris Agreement. This has created a mining boom for cobalt, copper, and other minerals critical for manufacture of electric vehicle batteries. [8]
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Similarly, through its subsidiary KFM Holding Limited, the company also acquired a 95% stake in the Kisanfu mine from Freeport-McMoRan in 2020 for a price of $550 million, which also produces copper and cobalt. [46] In 2021, the group sold 25% of KFM Holdings to Contemporary Amperex Technology for $137.5 million, leaving it with a 71.25% stake ...