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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

Post by Sogosohubidu201on Apr 25, 2018 11:51pm
186 Views
Post# 27942166

Debt to Equity Conversion - Very Unlikely

Debt to Equity Conversion - Very UnlikelyDebt to equity conversion as indicated by Katanga Mining PR will not be agreed by Gecamines since it will dilute Gecamine share in KCC. Currently Gecamines owns 25% KCC. Any debt conversion to equity to increase Katanga's share and reduce Gecamines' share in KCC will not be acceptable to Gecamines. Gecamines take this opportunity to force Katanga Mining/Glencore to reduce KCC's debts she owed to Katanga Mining.
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