First Cobalt Lowers Operating Costs

First Cobalt Corp of Toronto, ON has updated its engineering studies for its permitted cobalt refinery in Ontario. The company now estimates operating costs at US$2.36/lb of cobalt produced versus the previous US$2.72/lb. The capital cost is now estimated at US$60 million compared with US$56 million in the original engineering study. First Cobalt and its partner, Glencore AG of Switzerland, have established a joint technical committee that continues to work on further technical and cost enhancement to the refinery.

Volume 34, Issue 20

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