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| Company | Exploration budget, in million USD |
|---|---|
| Cobalt Blue Holdings Ltd. | 17 |
| Eurasian Resources Group Sàrl | 4 |
| CMOC Group Ltd. | 4 |
| Centaurus Metals Ltd. | 4 |
| Canada Silver Cobalt Works Inc. | 2 |
- Region: Worldwide
- Time period: 2023
- Published: Jan 2024
Data Analysis and Insights
Cobalt Blue Holdings Ltd. Leads in Exploration Budget
Cobalt Blue Holdings Ltd. has allocated a significant exploration budget of 17 million USD, making it the leader among the companies listed. This budget is more than four times the amount allocated by any other company in the dataset for cobalt exploration.Majority of Companies Invest Similar Amounts
Eurasian Resources Group Sàrl, CMOC Group Ltd., and Centaurus Metals Ltd. each dedicate a budget of 4 million USD to cobalt mining exploration. This consistency indicates a common investment threshold among different entities in the sector, excluding the outlier, Cobalt Blue Holdings Ltd.Canada Silver Cobalt Works Inc. Allocates the Least
Canada Silver Cobalt Works Inc. sets aside 2 million USD for exploration, the lowest budget among the companies examined. This represents just half the investment of the three companies tied for second place and significantly less than Cobalt Blue Holdings Ltd.Cobalt Exploration Budgets Reflect Strategic Priorities
The collective exploration budget across all five companies totals 31 million USD, with Cobalt Blue Holdings Ltd.'s contribution accounting for more than half of this total. This distribution highlights varying strategic priorities and resource allocation towards cobalt exploration among the companies.Frequently Asked Questions
Who leads in the allocation of cobalt exploration budget among companies?
Cobalt Blue Holdings Ltd. is the leader with a significant exploration budget of 17 million USD.
Which company allocates the least budget for cobalt exploration?
Canada Silver Cobalt Works Inc. allocates the lowest budget of 2 million USD for exploration.
What is the total cobalt exploration budget across all examined companies?
The collective budget across all five companies totals 31 million USD, with more than half contributed by Cobalt Blue Holdings Ltd.
Terms and Definitions
This is the process of extracting cobalt, a rare and valuable metal, from the earth. Cobalt is often mined as a by-product of nickel and copper mining.
Refers to the total funds allocated by all mining companies around the world for the exploration of new mineral resources during a specified period. This could involve investment in research, surveying, drilling, and other exploration activities.
In the context of mining, exploration refers to the investigative activities carried out to identify and quantify mineral resources. This can involve geological mapping, aerial surveys, drilling, and the use of advanced technologies to assess the potential of mining locations.
A chemical element that is used in numerous industrial applications, notably in the production of superalloys for aircraft engine parts, in lithium-ion batteries, and in magnet manufacturing because of its unique properties including high melting point, good thermal stability and excellent magnetic properties.
These are concentrations of minerals significant enough to be extracted economically. In the context of this article, it refers particularly to cobalt reserves in the earth's crust that can potentially be mined and processed.
Refers to the process of removing valuable minerals or other geological materials from the earth. When discussing cobalt mining, extraction refers to the process of removing cobalt ore from the earth.
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