Gecamines, a state-controlled cobalt-mining company in the DRC, produced an estimated 13,860 MT of cobalt in 2021. Early that year, the company created Entreprise Générale du Cobalt, a new subsidiary, in order to take control of the country’s artisanal cobalt-mining sector.
Under the abovementioned China Molybdenum court ruling, Gecamines has been named as a third-party operator of the Tenke Fungurume mine while the court determines the final outcome of the case. Gecamines has a 20% stake in the mine.