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bluesamurai

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08/11/23

11:33

Post #: 70782076
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Originally posted by bluesamurai: ↑

“The truck drivers want an incentive for them to operate in Congo, they want a danger allowance on top of their current salary,” Hippy Tjivikua, chief executive, at Walvis Bay Corridor Group said.“It’s affecting most of the supply routes. I can’t say cargo is completely blocked, but most of the mines aren’t able to go and offload or pick up the loads.”The danger allowance is payment for the risks associated with the trucks being robbed of high value copper and cobalt materials.The central African country supplied the world with 76% or 141,500 tons of cobalt last year, mining and metals company Darton Commodities said. QUOTE
The long term security of supplies of cobalt is tenuous at best the global market is searching for stable secure ethically processed cobalt that COB will be able to provide in the future IMO

https://www.mining.com/web/copper-cobalt-supplies-from-congo-stranded-by-truckers-strike/

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To explain this post ARR American Rare Earths is a substantial shareholder in COB Cobalt Blue so this is of significance to both companies IMO.
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