Studies were carried out on dissolution and oxidation of iron powder in ammonia-ammonium carbonate solution using oxygen over pressures. Cobalt and nickel losses during iron oxidation under different conditions were investigated. Regression equations were derived for percent cobalt loss and percent iron oxidation using ammonia, ammonium carbonate and oxygen partial pressure as the variables. The equations were tested for adequacy using Fisher's test. Cobalt losses increased with the increase of initial cobalt concentration and about 400 mg/l of cobalt was lost from a solution containing 500 mg/l cobalt. A maximum of about 80 mg/l nickel was lost from 1 g/l nickel containing solution, and this loss remained the same even when the nickel concentration was increased to 7.5 g/l.