Northern Miner: Cobalt ‘moving into a global deficit’, according to the CRU Group of London

Jun 8, 2017

Cobalt ‘moving into a global deficit’ A stockpile at the Tenke Fungurume copper-cobalt mine in the Democratic Republic of the Congo, which is owned by China Molybdenum (56%) Lundin Mining (24%) and Gécamines (20%). Credit: Lundin Mining. POSTED BY: TRISH SAYWELL NORTHERN MINER    JUNE 7, 2017 Cobalt prices have nearly doubled in the first quarter of the year as demand for its use in rechargeable batteries and the electric-vehicle market, in particular, is expected to take off. The...

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Winston Gold arranges $2-million debenture offering

Jun 8, 2017

WINSTON GOLD ANNOUNCES NON-CONVERTIBLE DEBENTURE OFFERING Winston Gold Mining Corp. has arranged a debenture offering of 10 per cent secured non-convertible debentures for aggregate proceeds of up to $2-million. In addition to the interest rate, the company will be obligated to pay a bonus to the lenders in an amount equal to the difference between the principal amount and the gold price differential calculated as the difference between the gold price on the closing date and the gold price on...

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