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 > 2017 quarter 4 Reults

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Comment by Gws0623on Apr 03, 2018 1:14pm

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Post# 27821870

RE: 2017 quarter 4 Reults

Nothing disappointing here at all, in my humble opinion.

The best info is in the new 43-101 on Sedar. For example page 285 has the opex estimates for the next 4 years. 2018 US$725m; 2019 US$737m; 2020 US$767m etc.

With production of 150kt and 11kt confirmed, the mine is looking at almost US$2bn is revenue this year and US$5bn next year. Clearly this is going to be a very profitable mine for many years and KAT owns 75% of it.

Of course there might be some higher taxes or royalties to pay, but i'll wait and see how that develops. The other thing I noticed in the financials today was a US$4.5bn tax loss carry forward that Katanga can apply...which is nice to have given US$6bn of liabilities.

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