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Congo artisanal cobalt monopoly can launch in months, CEO says‘Silver is the new gold’ as Egyptians try to protect savings
The price of one gram of silver more than doubled in a year but at about 47 Egyptian pounds, it remains far cheaper than gold.Its flagship copper-gold project has been put on hold since November 2020 after a civil war broke out in the Tigray Region.Congo’s Gecamines and Entreprise Generale du Cobalt sign mining dealPowered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.
The company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit.
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