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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 > Any news on the ion exchnage system approvals?

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Post by stockhunter20001 on Mar 12, 2019 11:09pm

Any news on the ion exchnage system approvals?

Did anyone hear about the the ion exchnage system approvals? Is it still suspended by DRC?

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Comment by johnny54 on Mar 13, 2019 10:43am

This company doesnt put out news unless its negative...it goes against their strategy of undermining SP ;)

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Comment by Sogosohubidu201 on Mar 13, 2019 10:57am

Per Q4 2018 financial report, KAT expected to obtain all the necessary permits to install the Ion Exchange System by March 11, 2019 (Monday this week). The Ion Exchnage System will be commissioned by October 1, 2019 and reach full capacity by November 2019. Next update will be out early May when KAT releases the production report, which is less than 2 months away.

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Comment by patels96 on Mar 13, 2019 11:00am

Hi Sogos, I think the next update will be in the Technical Reports which will be released by month-end around March 30

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Comment by Sogosohubidu201 on Mar 13, 2019 11:02am

Hi Patels, I am not sure that they will cover the Ion Exchnage in their technical report. They might. Waiting for to read and review the updated technical report.

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Katanga Mining Ltd Ord