Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

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.

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Katanga Mining Ltd Ord > $5.6 billion debt wipeout

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Comment by internalauditon Jun 14, 2018 10:06am

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RE:$5.6 billion debt wipeout

yup. other KCC common shareholders were wiped out, but likely, they aren't many of them anyway, maybe contractors owed that were given equity stake in lieu of what are owing

production will be ramping up, KCC is expected to produce 34 000 t of cobalt and 300 000 t of copper in 2019

https://www.miningweekly.com/article/glencores-katanga-resolves-debt-dispute-with-gcamines-2018-06-13

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