 The <unk> 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 <unk> announced a long term agreement under which <unk> would deliver its entire annual production of cobalt in concentrate from <unk> Mountain to Zhejiang <unk> Cobalt & Nickel Materials of China . 
