Jervois eyes greenfield cobalt refinery in the US
Jervois earlier suspended construction at its Idaho Cobalt Operations, in the US, owing to depressed prices and inflationary impacts on construction costs.
PERTH (miningweekly.com) – Triple listed Jervois Global has started a bankable feasibility study (BFS) into a new greenfield cobalt refinery in the US.
The BFS will be focused on a 6 000 t/y operation that will process cobalt in sulphate form for use in the US auto industry. Refinery feed is expected to be based on approximately 20% recycled cobalt, largely in “closed loop” recycling whereby cobalt material used by customers is returned to Jervois for reprocessing.
The company told shareholders on Tuesday that the costs of the BFS, including for engineering, would be fully reimbursed by the US government under the $15-million funding agreement with the Department of Defence.
Site selection for a US refinery is continuing, and Jervois is expecting the BFS to be completed upon a final location decision.
The site selection will consider technical, operational, environmental and safety parameters to underpin the long-term competitiveness of a US-located cobalt refinery, together with US government investment frameworks and incentives at the local, state and federal levels.
Jervois earlier this year suspended construction at its Idaho Cobalt Operations (ICO) in the US, owing to falling cobalt prices and inflationary impacts on construction costs in the US, telling shareholders that not mining ICO cobalt at cyclically low prices would preserve the optionality and inherent strategic value of ICO for shareholders and key stakeholders.
The miner recently said that it would only consider restarting the construction of ICO if the cobalt price reached above $25/lb.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
