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Katanga Mining Ltd Ord KATFF

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.


OTCPK:KATFF - Post by User

Post by Sogosohubidu201on Feb 04, 2020 10:57am
138 Views
Post# 30639678

2019 Fourth Quarter Production Results

2019 Fourth Quarter Production Resultshttps://finance.yahoo.com/news/katanga-mining-provides-major-projects-011600656.html

Copper and Cobalt Production

Copper cathode production increased to 65,402 tonnes in Q4 2019 from 59,424 tonnes in Q3 2019.

Cobalt contained in hydroxide production increased to 6,173 tonnes in Q4 2019 from 4,763 tonnes in Q3 2019.
 

Update on Major Projects as at December 2019

Cobalt Projects

The cobalt debottlenecking projects (the "Cobalt Projects") continued to progress the final components of this project. The temporary repairs of cobalt dryer #1 was completed in Q4 2019. Dryer #2 is undergoing modifications and is expected to be commissioned during Q1 2020, following which, dryer #1 will be taken off-line for modification which is planned to be completed at the end of Q1 2020. Ramp up to full drying capacity is targeted for mid-2020.

Acid Plant Projects

The sulphuric acid, sulphur dioxide and steam turbine generator projects (the "Acid Plant"), continues to progress towards targeted commissioning during H1 2020.

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