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 > Glencore AGM

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Comment by topdopon May 09, 2019 3:06pm

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Post# 29730527

RE:RE:RE:RE:RE:RE:Glencore AGM

Sorry @sogosohubidu201 you have this backwards!

Glencore stating they will be producing "at least 1,200 tonnes of cobalt containing hydroxide per month" does NOT mean, as you say, producing "1,200 tonnes of equivalent cobalt metal" (per month).

Cobalt Hydroxide is the highly water insoluble crystalline Cobalt source material product made by KAT for export and sale and often called "alpha" or "blue". As with any mine concentrate, it is not of course pure (which your statements imply).

It is this "alpha" or "blue" that is shipped to third party processors who redissolve it to further refine it by electrolysis to produce Cobalt cathodes that are then crushed and vacuum degassed to obtain ~pure Cobalt metal.

The Cobalt concentrates shipped from KAT contain roughly 78% contained* Cobalt metal.

* Anyone please feel free to correct me if I am wrong with this #

These are my views only. Thanks for reading.

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