Major metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore, in collaboration with battery material supplier Umicore, are piloting ReISource, a solution to trace responsibly produced cobalt from the mine to the electric car. A global EV pioneer and one of the world’s leading battery makers are also part of the pilot.
Tested in real operating conditions, from upstream cobalt production facilities in the Democratic Republic of the Congo (DRC) to downstream electric vehicle production sites, the pilot will run until the end of 2021, with the roll-out of the final solution expected in 2022.
Ivan Glasenberg, CEO of Glencore, said:
“Blockchain technology offers us an unprecedented ability for traceability in the supply chain. Through this pilot, we are supporting the development of this tool for our customers who seek to understand and demonstrate the origin of the cobalt units in their products. But traceability is not enough on its own, it must be part of a wider industry effort to bring improvements to the entire cobalt supply chain. This starts with responsible sourcing compliance, for example through RMI; the collective use of wider ESG standards such as CIRAF and ICMM; and supporting the artisanal and small scale mining (ASM) sector in the Democratic Republic of Congo (DRC) sector through multi-stakeholder initiatives like the Fair Cobalt Alliance (FCA).”
Sun Ruiwen, CEO of CMOC, said:
“Re|Source is a very exciting development in the global battery industry. As a global leading producer and trader of cobalt, CMOC and its trading affiliate IXM are committed to the responsible mining, processing, and use of cobalt. We believe this initiative will help increase transparency throughout the value chain. In the backdrop of the global energy transition and China pledging carbon neutrality by 2060, the battery industry is growing and expanding rapidly. A transparent and responsible supply chain, bringing together all stakeholders with this joint effort, will give end users greater confidence in cobalt as a raw material.”
Benedikt Sobotka, CEO of ERG and Co-chair of the Global Battery Alliance, said:
“Eurasian Resources Group prides itself on being a leading cobalt producer globally, operating the second-largest standalone cobalt production facility with a design capacity of [24 000 tpy]. As part of our continued efforts to ensure cobalt is responsibly sourced and processed, a key focus for ERG has been collaborating with leading public and private organisations to respond to the growing battery market powering the energy transition and the low carbon economy, which is the biggest purchase order in history. Piloting the Re|Source solution is a vital milestone that brings us one step closer to unveiling the significant potential of batteries, while strengthening transparency and the sustainability of battery materials across the value chain – also a mission of the Global Battery Alliance, of which ERG is a founding member.”
Marc Grynberg, CEO of Umicore, said:
“I am proud to support Re|Source in developing a technology solution to assure traceability in the entire battery industry. For many years, Umicore has been a pioneer in promoting a sustainable value chain by only offering battery materials of a certified and ethical origin. Today, we share our expertise within this innovatory consortium and participate in the pilot to develop an industry-wide traceability technology, which is an important step towards a sustainable value chain for all batteries.”
Read the article online at: https://www.globalminingreview.com/mining/20052021/cmoc-erg-umicore-and-glencore-pilot-cobalt-traceability-solution/