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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.


OTCPK:KATFF - Post by User

Comment by Daytrading16on Aug 14, 2017 9:57am
118 Views
Post# 26577678

RE:Resileant

RE:Resileant

Based on the results of the review to date, the Company's restated consolidated balance sheets as at December 31, 2016 and 2015 are expected to both reflect a reduction in property, plant and equipment (previously reported as $2,404 million as at December 31, 2016) of approximately $130 million, an increase in non-current inventories (previously reported as $365 million as at December 31, 2016) of approximately $55 million, with a corresponding reduction in total equity (previously reported as $528 million as at December 31, 2016) of approximately $75 million less related income taxes of approximately $19 million.  

The Company also expects that total equity as at January 1, 2015(previously reported as $1,810 million) will be reduced by approximately $90 million ($130 million less related income taxes of $40 million) and the net loss previously reported for the year ended December 31, 2015of $630 million will be reduced by approximately $55 million less related income taxes of approximately $21million. 

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