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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

Bullboard (OTCPK:KATFF)

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Post by Sogosohubidu201on Feb 13, 2020 3:56pm

Mine closure date extended from 2047 to 2055 - 35 years

As at December 31, 2019, the Company increased its estimate regarding the total reclamation and closure costs from $105.2 million to $128.1 million and extended the closure date from 2047 to 2055 due ...more  
Post by Sogosohubidu201on Feb 13, 2020 3:24pm

KAT produced 17,054 t cobalt, but sold 4,257 t cobalt 2019

KAT produced 17,054 tonnes of cobalt in 2019, but only sold sold 4,257 tonnes of cobalt in 2019.  This leaves about 12,797 tonnes of cobalt as inventory in the form of cobalt hydroxide.
Post by Sogosohubidu201on Feb 13, 2020 3:04pm

$250 m Acquisition land rights from Gécamines not paid yet

(Acquisition of land rights from Gcamines As previously announced, KCC entered into an agreement with Gcamines on December 19, 2019 to acquire from Gcamines a comprehensive land package covering ...more  
Post by Sogosohubidu201on Feb 13, 2020 2:50pm

The remaining $1.5 billion debt due January 1, 2023

(Upon closing of the Rights Offering, the Glencore Loan Facilities (refer to item 9) were merged into a single $1.75 billion facility consisting of the remaining approximately $1.5 billion of Glencore ...more  
Comment by Sogosohubidu201on Feb 13, 2020 1:31pm

RE:RE:Katanga Mining Announces 2019 Fourth Quarter and Year End

Also, from Q1 this year, interest charge will be reduced by about $90 millions USD per Q.  If Q1 this year is not profitable becasue the impact of coronavirus in China, Q2 should be profitable ...more  
Comment by Sogosohubidu201on Feb 13, 2020 12:23pm

RE:Katanga Mining Announces 2019 Fourth Quarter and Year End

KAT produced a lot of cobalt, but sold little cobalt in Q4 2019 because only one dryer was back to operational at 60% capacity in December last year. This, together with high depreciation, resulted in ...more  
Post by shotfacon Feb 13, 2020 11:53am

Katanga Mining Announces 2019 Fourth Quarter and Year End

https://seekingalpha.com/pr/17778695-katanga-mining-announces-2019-fourth-quarter-and-year-end-financial-results
Post by Sogosohubidu201on Feb 10, 2020 9:54am

Glencore, Samsung SDI ink five-year cobalt supply

https://www.mining.com/glencore-samsung-sdi-ink-five-year-cobalt-supply/        ...more  
Post by stockhunter20001on Feb 06, 2020 2:46pm

KAT shares outstanding are already 61B Shares

Looking at the shares outstaning in my trading app, it says the shares are 61Billion and in Nov they were 1.9B. (59B were added by the exercise offer and  I believe Glen owns more than 95% of the ...more  
Post by Sogosohubidu201on Feb 05, 2020 7:56pm

Cobalt price rebounds on Beijing stockpiling talk

https://www.mining.com/cobalt-price-rebounds-on-beijing-stockpiling-talk/ Long-suffering cobalt bulls received some good news on Wednesday with new data showing prices for the battery raw material ...more  
Post by Sogosohubidu201on Feb 05, 2020 7:51pm

DRC new artisanal cobalt monopoly to seek private partner

https://www.reuters.com/article/mining-indaba-congo/congos-new-artisanal-cobalt-monopoly-could-seek-private-partner-minister-idUSL8N2A32QA CAPE TOWN, Feb 3 (Reuters) - A new state company set up by ...more  
Post by Sogosohubidu201on Feb 05, 2020 4:39pm

Glencore says Africa copper turnround plans on track

https://www.ft.com/content/accfd27c-471f-11ea-aeb3-955839e06441 https://www.ft.com/content/accfd27c-471f-11ea-aeb3-955839e06441 In a update released on Tuesday, Glencore said production at Katanga — ...more