CLE 0.00% 0.1¢ cyclone metals limited

Multibillion dollar project, page-5

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    And this from an online report on cobalt:

    The largest producers of cobalt are Glencore’s Mutanda Mine (DRC) and China Molybdenum’s Tenke Fungurume Mine (DRC). Respectively, they account for 14,400 tonnes and 13,300 tonnes of annual global cobalt production, or in percentage terms, 13.4% and 12.4%. The DRC is one of the worst countries in the world that you could choose for mining from a geopolitical perspective – there is an expectation of bribery at all levels of government, a lack of true infrastructure, and the constant threat of retroactive taxation. While Glencore and China Molybdenum have so far maintained their business ties to the DRC, the country finds itself under greater and greater scrutiny from anti-corruption groups and human rights organizations.
 
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