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Bullboard - Stock Discussion Forum 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.

Bullboard (OTCPK:KATFF)

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Post by patels96on Oct 08, 2019 1:22pm

Mining Companies Significantly Undervalued

https://www.mining-journal.com/capital-markets/news/1373107/mining-companies-to-significantly-outperform-market-report-finds
Post by Sogosohubidu201on Oct 08, 2019 11:08am

Glencore and GEM deal could leave the market short of cobalt

https://www.benchmarkminerals.com/glencores-revamped-gem-deal-could-leave-electric-vehicle-makers-short-of-sustainable-cobalt/ Glencore announced a revamped deal with the world’s largest precursor ...more  
Comment by Lech1988on Oct 08, 2019 11:07am

RE:RE:RE:RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Yes this is clear now.  My confusion was with whether those tonnages were of "hydroxide" meaning the actual cobalt metal content is much lower than headline numbers.  Good to see ...more  
Comment by Sogosohubidu201on Oct 08, 2019 10:45am

RE:RE:RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

GEM and Glencore agreement is for GEM to purchase cobalt hydroxide containing 61,200 tonnes of cobalt metal equivalent with details below: 2020: cobalt hydroxide containing 13,200 tonnes of cobalt ...more  
Comment by topdopon Oct 07, 2019 1:51pm

RE:RE:RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Yes, which is why most responsible, international miners announce production results using phrases like "xxxx tonnes of metal produced contained in concentrates". This must not be confused ...more  
Comment by Lech1988on Oct 07, 2019 1:23pm

RE:RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Yes I thought we had.  So in reality people need to understand that the Cobalt hydroxide volumes are a lower % of actual Cobalt metal mined from KAT than the headline tonnage suggests.
Comment by topdopon Oct 07, 2019 1:11pm

RE:RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

@Lech1988 we've covered this here before: Cobalt hydroxide Co (OH)2 is 61.5% Co metal. "It is a specialty product utilized in the preparation of both refining and petrochemical catalysts ...more  
Comment by Lech1988on Oct 07, 2019 1:07pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Essential reading

Any clarity you can provide on the metal vs hydroxide question?  KAT's cobalt volumes we always hear about are for Cobalt Metal right?  That is then turned into hydroxide by GLEN and ...more  
Comment by topdopon Oct 07, 2019 12:59pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Essential reading

@sogosohubidu201 and everyone else: be very careful of aggressive calcs on earnings in this degrading Cu market. Accounting practice Provisional Pricing adjustments will likely be large last Q and ...more  
Comment by Lech1988on Oct 07, 2019 12:40pm

RE:RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Still a little confused about Cobalt metal vs Cobalt hydroxide.  They seem to use these terms interchangeably but this isn't correct I assume.  Does Glencore offtake from KAT at MB ...more  
Comment by Lech1988on Oct 07, 2019 10:48am

RE:RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Likely a spread vs. MB price.  So basically guaranteed spread vs what they offtake from KAT at.  Can't find any details but I seriously doubt GLEN would agree to fix price deal for that ...more  
Comment by Brandonrron Oct 07, 2019 8:32am

RE:RE:Massive Cobalt Offtake Deal Between Glencore and GEM

any talk of how much they will pay per tonne or other details of the agreement?
Comment by MalayalamFTWon Oct 07, 2019 7:18am

RE:Massive Cobalt Offtake Deal Between Glencore and GEM

Impressive. Another 10% of global cobalt supply eaten away by a single company.
Post by Lech1988on Oct 07, 2019 6:52am

Massive Cobalt Offtake Deal Between Glencore and GEM

GEM Co. Ltd (GEM) and Glencore are pleased to announce that they have entered into a five year agreement for the supply of cobalt hydroxide (cobalt). Under the terms of the agreement, Glencore will ...more  
Comment by Sogosohubidu201on Oct 04, 2019 12:44pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Essential reading

@johnny, from next year share price should slowly and gradually reflect potential. @lech, KAT should start generating free cashflow from Q3 next year per monthly copper and cobalt production ...more  
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