Company Overview and News
Cohiba Minerals Ltd (ASX:CHK) has been granted a trading halt by the ASX this morning pending details of a joint venture farm-in agreement, along with a subsequent capital raising.
Cohiba Minerals Ltd (ASX:CHK) has been granted two exploration licences within an area of Northwest Queensland that is prospective for cobalt and copper.
Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cape Lambert Resources Ltd's (ASX:CFE) wholly-owned subsidiary Mining International, is in a farm-in agreement with Cohiba Minerals Ltd (ASX:CHK) at its Wee Macgregor project. (0-2)
Cohiba Minerals (ASX:CHK) has revealed numerous high-grade targets with peak grades of up to 45.38% copper and 1.88% cobalt at the Wee Macgregor Project in Queensland.
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.
Note: This article was first published on my SA Marketplace service on March 24, 2017, so the stock prices and data are as of that date.
Welcome to the March 2017 cobalt miner news. The focus will be on the cobalt miners that are in, or reasonably near, production, as well as featuring a few promising juniors each month. For a background on the cobalt miners, investors can read my earlier articles:
Cobalt miner news - Glencore CEO said "in 2018, our overall cobalt production goes into the 50,000 tonnes to 60,000 tonnes range.".
Cohiba Minerals (ASX:CHK) has some interesting news on the horizon in the form of an acquisition and subsequent capital raising.
Cohiba Minerals (ASX:CHK) has been granted the exploration licence for its Mt Cattlin Project by the Department of Mines in Western Australia.
Stock Research Report
The company own interests in approximately 22,700 oil and natural gas wells and produced an average of approximately 575 mboe per day in the 2016 fourth quarter, net to its interest. Chesapeake Energy has a large and geographically diverse resource base of onshore U.S. unconventional natural gas and liquids assets. Chesapeake Energy has leading positions in the liquids-rich resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas and the Marcellus Shale in the northern Appalachian Basin in Pennsylvania. The company also own an oil and natural gas marketing business.
The Company's estimated proved reserves as of December 31, 2016, were 1.708 bboe, an increase of 204 mmboe or 14%, from 1.504 bboe as of December 31, 2015. The increase in estimated proved res...
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton