Cobalt company to acquire 70% interest in DRC

Cobalt asset group First Cobalt says its transaction with Africa-focused investment and development company Madini Minerals will allow it to firmly establish a presence in one of the richest mining camps in the world. In May, First Cobalt announced that is to become a 70% joint venture partner on seven prospective copper-cobalt exploration properties, which cover 190 km2 on the Central African Copperbelt, in Katanga, in the Democratic Republic of Congo (DRC).