Tag Archives: DRC

ERG trials IBM Blockchain Platform to support Clean Cobalt Framework

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Eurasian Resources Group says it will pilot a blockchain-based solution built on the IBM Blockchain Platform at its Metalkol RTR operation in the Democratic Republic of the Congo to help enhance the provenance and traceability of cobalt in the metal’s supply chain.

Metalkol RTR is ERG’s hydrometallurgical plant in the DRC and has a target capacity of 24,000 t/y of cobalt.

ERG said: “While cobalt and other metals such as copper, nickel and lithium drive the global battery sector, their extraction may come at high cost for the surrounding ecosystem, including the use of child labour and pollution which is compounded by the current dearth of viable reuse and recycling systems. The blockchain-based solution helps to ensure that the material is traceable.”

The blockchain supports ERG’s Clean Cobalt Framework at Metalkol RTR, a reprocessing plant for historic copper and cobalt tailings from previous mining operations, which is nearing operation, according to ERG.

Niels de Jongh, Executive Partner IBM Global Business Services, said: “ERG’s initiative to implement a blockchain solution to bring together stakeholders across the cobalt supply chain can help transform entire business processes in the mining industry and help bring new levels of trust. Leveraging IBM’s digital capabilities enables parties to develop the solution through an interactive approach with clear business focus.”

Benedikt Sobotka, CEO of Eurasian Resources Group and co-chair of the Global Battery Alliance, said: “This blockchain-based solution will aim to enable manufacturers to confirm that the cobalt was sourced at Metalkol RTR by aggregating the necessary data and information on the raw material.”

Leveraging IBM’s blockchain platform and expertise, the platform will aim to determine the provenance of cobalt throughout the supply chain, from extraction to production, a process that is currently complex and costly. Using blockchain will allow individuals to track the origins of cobalt across the supply chain, including once it’s been to a smelter and blended, and reduce costs through efficient information sharing, tracking and transparency according to the highest standards.

Sobotka added: “As a founding member of the World Economic Forum’s Global Battery Alliance, ERG aims to create new standards in the industry. We are therefore pleased to be piloting this innovative blockchain-based solution on the IBM platform. This way we can guarantee with certainty that the material that customers buy is not tainted by artisanally-produced material.”

Last week, MineHub Technologies and IBM announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain — from mine to end buyer. Goldcorp, ING Bank, Kutcho Copper, Ocean Partners and Wheaton Precious Metals are working with MineHub to build the new mining supply chain solution on top of the IBM Blockchain Platform.

ERG ties up electricity supply for Frontier copper mine in DRC

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Eurasian Resources Group has concluded power supply arrangements for its Frontier SA copper mine on the Democratic Republic of the Congo/Zambia border.

The contract was signed by the Société Nationale d’Électricité (SNEL), the national electricity company of the DRC, with power supply of 41 MW to be sourced from ZESCO, the national electricity company of the Republic of Zambia; and Rawbank, a commercial bank in the DRC.

Frontier, a cornerstone asset of ERG’s copper business, comprises an open-pit copper mine and processing facilities to produce copper sulphide concentrate, treating over 10 Mt/y of copper sulphide ore.

ERG also recently signed a supply agreement for Metalkol SA, a major cobalt and copper tailings reprocessing operation and hydro-metallurgical facility to secure its electricity supply for up to 10 years.

Benedikt Sobotka, CEO of Eurasian Resources Group, said: “This new agreement further demonstrates ERG’s commitment to the DRC and Zambia, and further cements our wider strategy on the continent as a whole. We are proud of the strong partnerships we have formed in Central Africa, such as with ZESCO, which is a well-respected and trustworthy power generation source.”

Jean-Bosco Kayombo Kayan, SNEL Director General, said: “We are happy with the current agreement as it guarantees the continuity of the electric power delivery through the arrangements between Frontier, SNEL SA, ZESCO and Rawbank. Eventually we are aiming to supply Frontier from only internal sources in the DRC where existing hydro-electric plants and power lines are currently being rehabilitated.”

Victor Mundende, Managing Director of ZESCO, said: “The signing of this new agreement showcases the growing partnership between ZESCO and ERG as well as a vote of confidence in ZESCO’s ability to provide power to operations at Frontier mine. This is also in line with our vision to be the hub of power trading in the Southern African region. In this regard, we remain committed to providing power supply to Frontier mine to the extent local power sources are unavailable.”