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 > Here's likely what's happening & what we haven't been told y

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Comment by Lech1988on Apr 05, 2019 1:10pm

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RE:RE:Here's likely what's happening & what we haven't been told y

I meant this year it is not profitable with Copper alone given capital spending requirements (cobalt project, acid plant, etc) hence why management said without the cobalt they expect up to $500m cash shortfall. Whether KAT can be cashflow positive without Cobalt in the future remains to be seen and is dependent on future capital spending requirements and the price of Copper.

What is a sure thing is the Cobalt deficit in the market will come much faster if KAT cannot export. With the full KAT tonnage I don’t see any shortage until 2025-ish.

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