Katanga Mining Ltd Ord KATFF

RE:Katanga Mining Announces 2019 Fourth Quarter and Year End

[Sogosohubidu201]

KAT produced a lot of cobalt, but sold little cobalt in Q4 2019 because only one dryer was back to operational at 60% capacity in December last year. This, together with high depreciation, resulted in another loss Q.  However, Q1 this year may likely be profitable with one dryer back to operational.  The 2nd half of this year should be very profitable with two dryers back to operational, acid plant completed and higher expected cobalt price.