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2 direct mentions across 2 briefings, with 2 linked developments.
Latest linked intelligence
ARECOMS created a state cobalt reserve and ordered miners to contribute 10% of export volume. Cobalt not exported before quarterly deadlines will be forfeited to the reserve.
Unverified development · updated through
ARECOMS created a state cobalt reserve and ordered miners to contribute 10% of export volume. Cobalt not exported before quarterly deadlines will be forfeited to the reserve.
Open source reportGeography
Marker precision is disclosed on selection. Country and regional centroids show geographic scope, not an exact incident site.
CMOC dossier
2 mapped developments across 1 map positions. Centroid markers show geographic scope, not an exact incident site.
Democratic Republic of the Congo
Chinese mining company CMOC produced nearly 85,000 tons of cobalt from its DRC mines during the first three quarters of 2024, surpassing its annual target of 60,000–70,000 tons.
Approximate map position: country centroid. The extracted place did not have provider-resolved coordinates.
Chronology
Off Leash update 16 April IRAN •The U.S. and Iran are reportedly discussing an extension to the two-week temporary ceasefire that currently expires next Wednesday (April 22) to allow more time to negotiate a more permanent truce. •Pres. Trump downplayed reports of a possible extension and said it would be "preferable" to finalize a permanent truce instead of prolonging a temporary one. Iranian state media reported that Supreme Leader Mojtaba Khamenei also opposes an extension. However, both leaders likely prefer an extension over a return to war. LEBANON •Pres. Trump said in a Truth Social post that the leaders of Israel and Lebanon will speak today. •He didn't explicitly say which leaders would speak, but it probably won't be the heads of state: it's hard to imagine Israeli Prime Minister Netanyahu agreeing to talk to Lebanese President Aoun after derisively rejecting Aoun's outreach for months. •Separately, the Israeli military said that its April 8 strikes against Hezbollah in Lebanon were even more devastating to the militant group's command structure and operational capabilities than its September 2024 pager attack, "but both targeted hundreds of terrorists and within 60 seconds." •The April 8 operation was based on extensive intelligence that tracked 250 Hezbollah operatives - including a large share of the group's mid-level commanders - and simultaneously targeted them in many different locations throughout Lebanon. •Israeli officials assess that Hezbollah's command is still reeling from the April 8 blow, though its rocket fire hasn't abated yet. DRC •DRC's market regulator, ARECOMS, formally established a state strategic cobalt reserve in a bid to expand its control over cobalt supply chains and capture a greater share of the value of its mineral wealth. •The new decree forces cobalt miners operating in DRC - including China's CMOC, Huayou, and Sicomines as well as Glencore and the Eurasian Resources Group - to contribute 10% of their cobalt export volume to the reserve. •It also forces them to max out their quarterly export quotas because they will now forfeit any cobalt they mined but failed to export before each quarterly deadline, with the excess also going into the state reserve. •DRC's cobalt miners will resent the state's new value capture, but there's not much they can do about it: 70% of global cobalt production comes from DRC and the other 30% is generally costlier to extract, so they're stuck working with Kinshasa and its escalating demands. VENEZUELA •Spain's Repsol reached an agreement with Venezuela and its state oil company, PDVSA, to take back operational control of its operations at the Petroquiriquire field, which currently produces about 45,000 barrels per day. •Repsol thinks - probably correctly - that it can operate Petroquiriquire better than PDVSA has: in the new agreement, Repsol committed to tripling the field's production within three years.
Open source reportOff Leash update 30 October Ukraine •The NYT wrote that Pres. Zelensky's failure to win Western support for his victory plan "could lead to a kind of success, allowing the president to show Ukrainians that he has done all he can and to prepare them for the possibility that Ukraine might have to make a deal." That's an interesting spin and could be Zelensky's second-best outcome for a plan that has failed to impress Western allies. •Separately, Ukraine's spies said they intercepted battlefield communications that suggested Russia is struggling to integrate its borrowed North Korean special forces troops. Russian soldiers on the hacked calls complained that they lacked enough commanders to lead the integrated units - or enough ammunition and weapons to arm the new recruits. •The intercepts also revealed that Russia has assigned one translator and three Russian soldiers for every 30 North Koreans joining the war; however, some frustrated calls complained that one translator isn't enough for 30 North Koreans. India •Canada's government escalated its charges that the Indian government was involved in the assassination of a Sikh activist on Canadian soil last year by explicitly accusing India's Minister of Home Affairs, Amit Shah, of orchestrating the hit. •Canada's accusation is especially serious given that Shah is a close ally of PM Modi and widely considered to be the second-most powerful figure in Modi's government. India hasn't responded yet. Iran •New satellite images from Planet Labs suggest that Israel's airstrikes on Iran over the weekend did more damage than Iran let on. Several struck key military sites, including three of the four sites where the IRGC produces missiles (the extent of the damage to each isn't yet clear). •Iran's leaders may have felt compelled to downplay the significance of Israel's assault to mask its defensive shortcomings and justify a tactical decision not to re-retaliate against a stronger enemy. Gaza •Israel and Qatari mediators are reportedly reviewing a proposal to open a month-long truce in exchange for the release of 11-14 hostages - including all remaining women and children in Hamas captivity. That's a slightly bolder proposal than the Egyptian plan currently on the table, but it still stops short of the permanent ceasefire Hamas is thought to be seeking. Libya •Austrian oil company OMV restarted its operations in the Sirte basin a couple weeks ahead of schedule. Libya's NOC - which has been pushing foreign oil firms to resume drilling - cheered the news. Guyana •Guyana's Pres. Ali announced a plan to give every ID-carrying adult citizen of the country a one-time $100,000 cash grant funded by proceeds from offshore oil sales. Guyana has enjoyed the world's fastest year-on-year GDP growth thanks to its oil proceeds. DRC •China's CMOC announced its third-quarter results, and they showed that cobalt production from the company's DRC mines had already surpassed its annual target of 60,000 to 70,000 tons by far: in just the first three quarters of 2024, CMOC produced nearly 85,000 tons of cobalt.
Open source report