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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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Katanga Mining Ltd Ord > Will DRC government reverse the SP?

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Post by jiayouha on Nov 29, 2018 1:29pm

Will DRC government reverse the SP?

News said that DRC will audit KCC's supply chain... they sense that Glencore intentionally reduced sale for paying less tax. Why I think this is a good news? As a minority, I do not have power to fight against the parent company, so will we see SP jump back to 0.6?

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Comment by topdop on Nov 29, 2018 4:10pm

@jiayouha to add context to the matter of which you talk, take everything with a huge pinch of salt. Why? Journalists and particularly "in-country Stringers" from certain African countries representing Publications and/or News Services who should know better (sometimes including Mining Journal, Mining Weekly, Bloomberg & Reuters etc.), and who, without fail, continually find ...more

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Comment by Dragone64 on Nov 30, 2018 3:33am

https://www.reuters.com/article/glencore-congo/congo-plans-to-audit-glencore-units-cobalt-over-uranium-levels-idUSL8N1Y45YK https://www.bloomberg.com/news/articles/2018-11-29/glencore-draws-fresh-ire-in-congo-over-cobalt-export-suspension interesting indeed

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Katanga Mining Ltd Ord