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Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals
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.


OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > KAT revenue: copper $6347/t x $300,000=1.9 b
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Comment by Stevercanon Aug 02, 2017 7:51pm
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Post# 26540782

RE:RE:RE:KAT revenue: copper $6347/t x $300,000=1.9 b

RE:RE:RE:KAT revenue: copper $6347/t x $300,000=1.9 bKatanga owns 100% of Katanga so ALL profits/losses etc are reported as such to this public company. Glencore happens to own 86% of Katanga and will be reported as such on "their" corporate books. Not unlike you and I who own point 0000001 % (or so). Glencore does NOT sweep anything from other Katanga shareholders for accounting purposes. Revenue for Glencore actually has to be adjusted for up and downstream transactions. This will not affect Katanga in any way.
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