INSIGHTS FROM PICO ANALYTICS
Sustainable Finance News and Insights to help you navigate the current financial climate.
Cobalt Mining in the Democratic Republic of the Congo
In our previous paper we covered all the major issues associated with the mining of cobalt and various other precious minerals which are contributing to the sustainability revolution. In this paper we will shift focus to the solutions and innovations which are taking place in the mining sector in the hope that the further dissemination of this information will educate the general public and possibly inspire those involved in mining to look into and apply some of the things they have learnt here. Our emphasis will also be on ESG’s, SDG’s and accountability which all have a part to play in changing the face of mineral mining around the world.
Pico Analytics Fortnightly Newsletter: Our World Pre-COP27
Change. There is nothing more intrinsic to the existence of humanity and the planet we live on as change. Yet, such a short word conveys not only that strange and unsettling mixture of emotions one feels when hearing it but is also used to translate into language the way time interacts with human society and the natural world. Today, we face change on an unprecedented scale, but this change is not one we can afford to be fearful of, nor can we afford ourselves the time to become accustomed to such rapid changes. Instead, we must be bold, we must take action and we must embrace changes in every facet of our lives, from the food on our plates, to the way that we travel, and to the items we pick off the shelves. In governance and policy, the changes will need to be yet more extensive with restructuring required at every level and in every sector to ensure that our planet has a future.
The Environmental, Social and Governance Impacts of Cobalt and Mineral Mining in the Democratic Republic of the Congo and Beyond
For centuries cobalt ore was not usually mined for the cobalt content, rather, it was often recovered as a by-product of mining for various other ores such as silver, iron, nickel, copper, zinc, manganese and arsenic. Due to the complex processing required to concentrate and extract the cobalt from these oars this metal has been considered precious throughout history, from being used for jewellery in ancient Persia, to porcelain in Ming dynasty China, humanity has long admired this malleable and at times beautiful substance. However, during the 20th and 21st centuries its uses have expanded to areas such as cancer therapy, radioactive tracers, magnetic alloys and battery materials for electric cars (Gregersen, 2022) making it one of the most in demand metals around the world. Unfortunately, as is so often the case when certain resources come to be considered as valuable, exploitation and destruction is never far behind…
