News
05 February 2021

Freeport Cobalt is first cobalt chemical producer to achieve Responsible Minerals Initiative’s “Conformant Downstream Facility” status

Guildford, Friday 5th February, 2021

Freeport Cobalt recently became the first cobalt chemical producer in the world to achieve Conformant Downstream Facility status through the Responsible Minerals Initiative’s Downstream Assessment Program. RMI’s Downstream Assessment Program provides independent verification of ethical and responsible sourcing practices.

This special recognition validates Freeport Cobalt’s commitment to producing chemicals from responsibly sourced cobalt. This accomplishment is significant since approximately 70 percent of the world’s cobalt supply is sourced from conflict-affected and high-risk areas such as the Democratic Republic of Congo, said Sami Kallioinen, President of Freeport Cobalt. “This is a great achievement for our sustainability efforts and is the result of hard work and effort by our entire Sustainability team,” Kallioinen said. “The completion of the validation process assures that our cobalt sourcing aligns with the Organization of Economic Co-operation and Development (OECD) guidelines and allows our customers to comfortably rely on our products.”