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 > Glencore just disclosed KAT' expected gross revenue for 2019

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Comment by Sogosohubidu201on Jun 15, 2018 6:54pm

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Post# 28180371

RE:RE:RE:Glencore just disclosed KAT' expected gross revenue for 2019

My bad. I thought that it was British pound symbol in KAT PR today, but actually it was Euro dollars. Therefore, the net revenue of KCC would be $4.04 billion Canadian dollars. The detailed calculation is listed below:

KAT estimates that royalties for 2019 will be approximately 16.5 million Euro dollars per quarter to Dan Gertler. KCC pays 2.5% royalty rate of net sale to Dan Gertler.

1 Euro dollar = 1.5303 Canadian dollars

Therefore, KCC net revenue per quarter average in 2019: 16.5 x 1.5303 / 2.5% = $1.01 billion Canadian dollars. KCC net revenue in 2019 = $4.04 billion Canadian dollars.

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