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TSX.GMC
Cobalt Mining - About GMC
Geovic Mining Corp (GMC) has discovered the world’s largest primary resource of cobalt located in Cameroon, about 640 kilometers east from the seaport of Douala. Geovic Mining Corp is a Toronto Exchange listed (TSX:GMC) cobalt mining company based in Grand Junction, Colorado that owns 60% of Geovic Cameroon PLC (GeoCam). GeoCam is a private Cameroonian corporation that has exclusive rights and 100% ownership of a 1,250-square kilometer Mining Permit that covers the entire cobalt-nickel province.
GMC's unique mineral deposits facilitate the use of inexpensive, yet highly efficient concentration and hydrometallugical processing methods, unlike those of any other cobalt-nickel project in the world. As a result, projected capital costs will be low, operating costs will be globally competitive and financial performance will be exceptional. The cobalt mining company’s extensive resources in six other deposits on the mine permit will allow substantial expanded production for numerous decades.