While more than half of the world’s cobalt is currently
mined in the Democratic Republic of the Congo, Vancouver-based Marifil Mines
(TSX.V: MFM) (OTCQB: MFMLF) is engaged in the exploration, evaluation and
acquisition of mineral rich resource properties in Argentina. The company is
set to profit from this position, as the Democratic Republic of the Congo is
home to political unpredictability and ethically-challenging labor conditions,
which cause major concern for investors and international consumers. An article
discussing the company reads: “As Marifil Mines Ltd. (TSX.V: MFM) (OTCQB:
MFMLF) moves into position to take its role in the global supply chain, a key
mining industry publication has reported that electric vehicle manufacturers
remain anxious to secure supplies of cobalt and lithium (http://ibn.fm/j5aTK). Mining
Technology says that China is maneuvering to secure a tighter grip on cobalt
supplies, which, along with lithium, are crucial to the production of electric
vehicle power supplies. … The International Monetary Fund (IMF) recently voiced
concern about cobalt in particular, since well over half of the world’s cobalt
is currently mined in the Democratic Republic of the Congo. In addition to the
country’s political instability, its cobalt mining industry presents serious
ethical issues, with Amnesty International uncovering widespread use of child
labor and hazardous working conditions (http://ibn.fm/orewK). This has led many investors in the
auto industry and elsewhere to seek “clean” sources of cobalt closer to home.”
To view the full article, visit http://ibn.fm/MTt75
About Marifil Mines
Marifil Mines Ltd. is a mineral exploration company based in
Vancouver, Canada. The company is engaged in exploring, evaluating and
acquiring mineral rich resource properties in Argentina. For further details
regarding Marifil Mines Ltd., please refer to the company’s filings available
on SEDAR. For more information, visit the company’s website at www.MarifilMines.com
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