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 > Sad Event Shows the Vacuum at the Top of KAT

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Comment by Lech1988on Jun 27, 2019 4:36pm

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Post# 29871533

RE:Sad Event Shows the Vacuum at the Top of KAT

Not to take away from your argument (there have and remain egregious examples of a lack of communication from KAT), but would this event be deemed material? They were not KCC employees and there was no impact on infrastructure, operations, or production. It is a tragic situation that desperate people need to risk their lives like this but from what I understand in the DRC its extremely common (as in a daily occurrence) for people to get into large mining sites.

I certainly think a statement from KAT is warranted at a minimum (I agree hearing it via Reuters and Glencore is ridiculous) but personally I don’t think this justifies a halt in trading.

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A junior copper-gold stock trading at a bargain of monumental proportions