Arc Minerals Ltd's (LON:ARCM) executive chairman Nick von Schirnding tells Proactive Investors they've upped their ownership of Zamsort Limited, following the acquisition of a 6% interest from Terra Metals Limited.
Zamsort is developing the Kalaba copper-cobalt project in north-west Zambia.
The acquisition of the additional 6% stake in Zamsort is on the same commercial terms as Arc’s acquisition of a 35% stake in a deal announced on 15 May 2018.
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Mining Capital's Alastair Ford says the closure of Glencore’s Mutanda mine in the DRC comes in response to the collapse in the cobalt price over the last year or so. ''The price went very high in 2017 and then came back down and now it's at the $15/lb level which is where it started its rise...
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