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 AGM

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Comment by Sogosohubidu201on May 09, 2019 11:32am

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RE:RE:RE:Glencore AGM

Glencore CEO had provided clear information specific to KAT regarding the uranium issue from Gloencore AGM this morning. Basically, trace uranium is in the ore body. When Katanga previously produced cobalt metal from this ore body, uranium residue was completely washed out, resulting in clean cobalt metal without uranium residue. But when Katanga produced cobalt hydroxide from the WOL process, the uranium residue was not completely washed out and the cobalt hydroxide contained out of specs uranium. With phosphoric acid precipitation process as the interim solution, KAT is now producing at least 1,200 tonnes of salable cobalt hydroxide meeting the uranium specs, which is great progress from 900+ tonnes in Q1. The finaly solution is with Ion Exchnage Plant and Glencore CEO said that they would produce 35,000 tonnes of salable cobalt hydroxide annually from early next year after the Ion Exchnage Plant is built and commissioned.

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