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 Gws0623on May 10, 2019 1:34am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:Glencore AGM

Something isn’t right here. I went back and looked at the Sep 2018 quarterly report, before the radiation issue came up. KAT reports cobalt sales as “Cobalt contained in hydroxide”. I think when Ivan says 1200 tonnes per month, it means 1200 tonnes of cobalt contained in hydroxide. The revenue from cobalt sales is therefore based on MB cobalt, which i think is currently about $35,000/tonne. That’s about $42m per month from cobalt sales, hopefully on the way up to $80-100m per month quite soon.

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