Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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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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OTCPK:KATFF - Post Discussion

Katanga Mining Ltd Ord > Congo mining revenue triple to $398 millions in Q1 2018

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Post by Sogosohubidu201 on Jun 06, 2018 2:32pm

Congo mining revenue triple to $398 millions in Q1 2018

Congo mining revenue triple in Q1 2018 to $398 millions:

uk.reuters.com/...

Katanga mining next year will contribute to Congo the amount equal to half of Congo 2018 mining revenue. Katanga mining production is absolutelly critical to Congo and her people. Dissolve KCC by Gecamines? That is bluffing!

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Comment by Muzungu on Jun 07, 2018 11:58am

Since when do Congolese presidents and civil servants ever care about long-term benefits or the "state" and its people? They only serve themselves... and their personal wallet = short-term focus. https://www.reuters.com/article/us-congo-politics/congo-ruling-party-shows-all-signs-of-seeking-kabila-third-term-idUSKCN1IU284 He simply replaces the judges...anywhere ...more

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Comment by Muzungu on Jun 07, 2018 11:59am

By the way, long KAT @ 0.86 CAD

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Comment by Sogosohubidu201 on Jun 07, 2018 12:24pm

When I meant Congo, that included these people, Kabila and goverment officials, who would benefit form Katanga mining continue production and operations. They have evey motivation as we are to see the KCC issues resolved. Nobody wants to kill the goose who lays the golden eggs. All in all, Glencore is the driver seat and it can resolve the issues by itself alone and just forgives ...more

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Comment by Muzungu on Jun 07, 2018 1:25pm

In my mind, you are missing something: the Congolese officials don't like sharing ...Not with Glencore, nor with their people or state. It's theirs... in a country without a state Also bear in mind, how Gcamines came to life in the first place ... ...and whose major benefactor Gcamines (incl. the 1970s copper boom) it (always) had. Gcamines has never been a " ...more

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Comment by Sogosohubidu201 on Jun 07, 2018 1:35pm

They do not have the other choice. They do not have the money. They do not have the mining experitises including technologies and skills. Just look at Gecamine past and current performances, it is basically a bankrupt company. If they could invest and run the mining operation by themselve, they would do that long ago. They were there before, and it did not work.

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