ESG

"There is a will to find a solution and blockchain will be part of that"

Cobalt tracking plan for DRC

Staff reporter

This article is 6 years old. Images might not display.

Sources involved in the project have told Reuters the aim is to give manufacturers a way of ensuring the cobalt used in lithium-ion batteries has not been mined by child labour.

"The demand to make cobalt more sustainable is going to continue growing, meaning there is a will to find a solution and blockchain will be part of that," a source told the wire service.

Human rights group Amnesty International put the issue of child labour in the spotlight with a report in 2016 into tech companies' sources of cobalt and followed it up in November, calling on electric vehicle manufacturers to do more to check on their cobalt supply chains.

The DRC Chamber of Mines addressed the issue last month, with president Charles Kyona calling on mining companies to establish a system of a responsible supply chain in line with the chamber's ethics charter, and regional, national and international legal instruments.

China established a Responsible Cobalt Initiative in October which companies are signing up to, aiming to establish an inclusive, sustainable and responsible cobalt supply chain.

Under the blockchain pilot scheme being planned, each sealed bag of cobalt produced by a vetted artisanal miner would be given a digital tag which is entered on blockchain and its details updated with every transaction through to the smelter, Reuters reported.

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.