RE:RE:RE:RE:What's going on?This is not making any sense...
Not on fundamentals
Nor technicals
So whats' left Taxe Lost ?
Way oversold sold...
I check out, things are as usual in RDC (in the aera where ivn is )
Expect Concord mining who is having electrical supply problem
and this :
Glencore raises stake in Xstrata copper mine Mutanda
Zurich ( awp ) - The commodity group Glencore Xstrata has indirectly increased its stake in copper mine Mutanda . Nearly 14.5% of shares in the company based in the Democratic Republic of Congo have been redeemed by High Grade Minerals at a cash price of 430 million USD . Glencore and now holds 69 % stake in Mutanda , the company said Thursday in a statement.
The remaining 31% Mutanda are in possession of the Dutch Fleurette Group of Companies , a subsidiary within the amalgam of businesses around the family of Israeli entrepreneur Dan Gertler .
Mutanda is a copper mine and cobalt located in the Congolese province of Katanga has an annual capacity of 190,000 tonnes. The 2012 Annual Mutanda profit totaled 152 million USD . In July , the company was merged with mine Kansuki Sarl through the issuance of new shares.