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.

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Katanga Mining Ltd Ord > Humm.. Glencore inks Cobalt supply deal with China’s GEM

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Comment by datapackon Mar 20, 2018 7:56am

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Post# 27744663

RE:Humm.. Glencore inks Cobalt supply deal with China’s GEM

Good question skydiver. Who wants to be associated with child labor? I cant get my head around these mind boggeling deals. Guess its all about the money again.. Its like saying 'hey, we need cobalt, f$ck childlabor not our problem' Gets me mad. :-(

skydiver069 wrote: Now, I don't know anything (yet) about Glencore's Katanga mine, nor if the site below contains any real merit?

https://steelguru.com/metal/glencore-inks-cobalt-supply-deal-with-china-s-gem/504813

That said, I started researching Katanga today and I see the chart has been on an uptrend for the past year. As an investor, this inspires a reason to investigate this company further.

Key questions I am starting with are:

- Why do I want to be affiliated with a mine in Congo? The politics alone of allowing/forcing young kids to `Work the Mines` doesn't sit well with many (with a conscious) around the world.

- What will happen here (to Glencore, Katanga or Congo altogether) when North American companies opt to disconnect themselves with `promoters of slave labor`, and choose other methods for obtaining their Cobalt, etc..? (I/E: Recycling)

Open to comments...