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 > Q3 Financials

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Comment by Lech1988on Nov 15, 2018 4:31am

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Post# 28978001

RE:RE:RE:RE:RE:Q3 Financials

Glencore is up because the whole base metals complex is up.

The problems with KAT have become a complete joke and the DRC is looking more like they are willing to pound Glencore into submission until operarting in the country is just too much of a pain and they sell this asset to the Chinese. Its clear the DRC does not want them there, period.

Going after royalty payments on non existant metal, levying additional arbitrary fines, preventing all exports of production - you can't make this up. If this is how they are behaving before the mine even ramps can you imagine how the DRC is going to behave once we are pumping out full cobalt and copper production? The DRC is going to BLEED THIS THING DRY.

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