A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
MetalBulletin reported that both low- and high-grade cobalt prices are steady as market players wait for direction from the Cobalt Development Institute conference scheduled for next week. Prices for low-grade cobalt sit between $12.50 and $14 per pound, while high-grade prices are between $12.90 and $14.10 per pound.
Mining Weekly reported that the price of high-grade cobalt has been on the rise since the beginning of the year and is now sitting at $13.50 per pound. The price is being pushed up by low cobalt supplies and uncertainty about the availability of concentrate from the Democratic Republic of the Congo.
Formation Metals announced that as a result of low cobalt prices and market uncertainty, for the moment it will not be continuing with development at its flagship Idaho cobalt project.
Cobalt Investing News sat down with Rick Honsinger, vice president of corporate communications at Formation Metals, to discuss the company’s Idaho Cobalt Project.
Marifil Mines Ltd. (TSXV:MFM) announced that it has given Prophecy Platinum Corp. (TSXV:NKL) an extension on completing its work obligations at Marifil’s Las Aguilas platinum-nickel-copper-cobalt deposit in Argentina.
Katanga Mining Ltd. (TSX:KAT) announced that as a result of an agreement with engineering contractors and the Democratic Republic of the Congo’s (DRC) national electricity company, it has secured enough power to meet the needs of its copper-cobalt mine in the DRC.
SLAM Exploration Ltd. (TSXV:SXL,OTCBB:SLMF) announced that assay results at its Goodwin nickel project in New Brunswick range up to 0.06 percent cobalt over 0.7 meters in the first hole.
