 The Mukondo Mountain project , operated by the Central African Mining and Exploration Company in Katanga , may be the richest cobalt reserve in the world . It is estimated able to produce about one third of total global production of cobalt in 2008 . In July 2009 CAMEC announced a long term agreement under which CAMEC would deliver its entire annual production of cobalt in concentrate from Mukondo Mountain to Zhejiang Galico Cobalt & Nickel Materials of China . 
