mining / DRC politics

Reports the TFM work stoppage involving surface and underground workers in the context of DRC government-CMOC tensions over cobalt quota enforcement, royalty disputes, and local employment obligations. Notes the cobalt quota is a second consecutive year of restrictions; DRC Minister of Mines stated publicly that the quota targets cobalt price support by limiting oversupply. CMOC has declined to comment on the royalty dispute specifics.

“TFM workers stopped June 1 as DRC-CMOC tensions over cobalt quotas, royalties, and local employment reached a second consecutive year of restrictions and unresolved disputes.”