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 > what exactly is the "supply chain" in this case??

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Comment by bigguy56on Dec 09, 2018 5:58pm

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RE:RE:RE:RE:RE:RE:what exactly is the "supply chain" in this case??

Well that is almost verbatim what the Press Release says. "THe authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from.." ie. find the source of the uranium. Further down.. "I am only going to do an audit next week on the supply chain to know where the excessive traces of uranium come from in their product!". ie. find the source. And there is mention of "nefarious" activities... "Mines Minister Martin Kabwelulu suggested on Wednesday that Glencore had suspended exports and announced it's investment in the $25 Million facility to avoid higher taxes that would kick in once operations from Kamoto.. KC were profitable. So why do you try to portray this news as being other than what it is? It took the stock from .70 to .43!

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