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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 JanineK22399HHon Jun 15, 2018 10:37am
105 Views
Post# 28177500

Glencore's DRC settlements should allay fears...

Glencore's DRC settlements should allay fears...https://www.miningweekly.com/article/glencores-drc-settlements-should-allay-fears-about-asset-seizure-analyst-2018-06-15

'...Analysts at HSBC welcomed Glencore’s latest settlement, stating that two of the three issues facing Glencore in the DRC have now been resolved, with the only outstanding matter being a dispute between Glencore and fellow mining companies and the DRC government regarding a new mining code.

Goldman Sachs noted that the royalties due to Ventora will amount to about $130-million a year, which is not material from Glencore’s perspective.

Analysts at AB Bernstein, meanwhile, said this latest settlement was more evidence that recent events in the DRC should not be seen as part of a “grand asset expropriation plan”.

“First, we had CITIC's investment in Ivanhoe, then we had the resolution of the Kamoto capitalisation dispute with Gecamines, and now we have resolved this royalties issue too. As such, we believe that the events of this week should lead to a significant de-risking of the Congo in investors' minds.

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