Global Cobalt (TSX:GCO) has confirmed historical, Soviet-era drill data at its Karakul cobalt project in Russia.
A cargo truck stolen early on Tuesday while transporting cobalt-60, a radioactive cobalt isotope, was found yesterday afternoon near Hueypoxtla, Mexico.
Authorities are unsure whether two men who stole a cargo truck carrying cobalt-60 were after just the truck or the potentially dangerous radioactive cobalt isotope.
Erin Chutter, president, CEO and director of Global Cobalt, recently spoke to Andrew Topf of the Investing News Network about her company's Karakul cobalt project, located in Russia's Altai Republic.
Global Cobalt Corp. (TSXV:GCO) reported that assay results from the first 7 of 45 holes at the Karakul Cobalt Project confirmed the historic drill data and provided a significant level of confidence in this important cobalt project.
Global Cobalt Corp. (TSXV:GCO) added a fourth rig to its Karakul Cobalt Project in Russia, and completed the majority of planned holes for the 2013 drill program.
Metal Bulletin reported that a power transformer blow out has left Eurasian Natural Resources Corp.'s (LSE:ENRC) Zambia-based Chambishi cobalt operation running at 50-percent capacity.
Gateway Mining Ltd. (ASX:GML) announced the completion of a reverse-circulation drill program at its flagship Gidgee project, located in Western Australia. Drilling was focused at the Cup prospect area.
GlobalPost reported that a federal judge in Mexico has ordered the arrest of five men suspected of stealing a cargo truck containing radioactive cobalt-60 last week. A sixth suspect, a 16-year-old boy, was detained by the police, but then let go due to his age.
Metal Bulletin reported that according to Simon Bao, vice president of Jinchuan Group Marketing Company, prices for cobalt metal are likely to range between $12 and $15 per pound in 2014.
Metal Bulletin reported that low-grade cobalt prices have risen on the back of news that Eurasian Natural Resources Corp.'s (LSE:ENRC) Zambia-based Chambishi cobalt operation will be running at 50-percent capacity for up to six weeks.
Metal Bulletin reported that China imported 12,327 tonnes of cobalt ore and concentrate in October, up 52.73 percent from the year-ago period.