A company working to establish a cobalt mining and processing project using a deposit near Broken Hill aims to eventually become the largest producer of ethical cobalt in the world and hopes access to a federal government loan scheme will help them get there.
An Australian mining and exploration company hopes a renewed government commitment in the critical minerals sector will help clear its pathway to becoming the world's largest producer of ethical cobalt in the next few years.The Australian government recently announced a $2 billion boost for critical minerals projectsAs battery technology evolves to use less of the element, an independent mining analyst is unsure how economically viable it will be compared to other mineral projects.
"We are going as diligently and as fast as we possibly can we do expect to have this completed by the end of the year, perhaps in the first couple of months of next year," Mr Crane said."We signed with a Japanese partner, who's going to likely take a major interest in the mine and then help us along the road to the next big stage — funding the project.
Federal Resources Minister Madeleine King said projects involving cobalt were of great interest to the government and she appreciated Cobalt Blue's ambition to become a global player in its supply. "Initially, it was thought going to be cobalt and nickel because the early lithium-ion batteries had nickel and cobalt in their cathode," Mr Strachan said.
"You'd have to for less than $100 a tonne of ore mined because of the value of $35 a kilogram for cobalt, and you've got 0.07 per cent cobalt to mine," he said. To the untrained eye it looks like any ordinary rock, but what it can produce is 'critical' to our futureMelbourne lawyer's suspected $100 million Ponzi scheme could dwarf Melissa Caddick fraudBenjamin Netanyahu's controversial son did not return home for war. Some Israelis are wondering why'Get ready early': Conditions ease but authorities warn to stay vigilant as fires continue to burnGrowing up gay and religious, James felt like a scapegoat for others' fear.
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