Geovic Mining Corp. (GMC:TSX) is On its Way to Becoming a Major Cobalt Producer
Geovic Mining Corp. (GMC:TSX) is an exploration stage mining company which trades on the Toronto Stock Exchange. Geovic Mining's principal asset is a significant cobalt-nickel-manganese property which is located approximately 400 miles east of the seaport Douala, located in Cameroon, Africa. Geovic Mining owns 60% of seven related deposits located on a 775-square-mile mine permit through its GeoCam joint venture with the Cameroon government. This deposit is thought to be the world's largest primary resource of cobalt. Geovic has some definite positive factors in their favor with regard to this cobalt find. The mineral deposits that the company has discovered…