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 Sogosohubidu201on Apr 05, 2019 4:00pm

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

Cost of Sales is high in 2019 because the production process has not yet been optimized, higher energy cost, higher reagent costs, higher transportation costs, provisions and infrastructure upgrade etc. Yes, these will make the company unprofitable with copper sale alone. But after the completion of cobalt project, acid project and hydro project by the end of this year, the cost of sales will be reduced significantly and the company may be profitable with copper sale alone if copper price rises to above $7,500 per tonne next year.

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