ENERGY MINERALS

Cobalt tracing pilot project progressing: Glencore

Final industry solution expected next year

Staff reporter
 Cobalt tracing solution expected next year

Cobalt tracing solution expected next year

Major industry players including Glencore, China Molybdenum, Umicore and Tesla, announced in May they were piloting Re|Source, a blockchain solution for end-to-end cobalt tracing.

Amnesty International reports in recent years had put a spotlight on child labour and human rights issues in cobalt mining in the Democratic Republic of Congo. 

In its Impact Report 2020, Tesla said it had opted to collaborate with Re|Source because it was industry-led, designed to be readily accessible and inclusive to all parties across the supply chain and scalable, so it could include other critical battery materials in the future.

"Where we can be assured that minerals, including cobalt, are coming from mines that meet our social and environmental standards, we will continue to support sourcing from the DRC and other regions," Tesla said.

Glencore said last week the pilot was being tested in "real operating conditions" in the DRC and Europe, with plans in place for further pilots in Asia and the US later this year, and the final pilot across the entire Tesla supply chain expected in the fourth quarter.

"The launch of the final industry solution is expected in 2022 and is being supported by boutique blockchain technology studio, Kryha," Glencore said.

Responsible Minerals Initiative and the Cobalt Institute have joined Re|Source as strategic advisors,

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.