Katanga Mining Ltd Ord KATFF

RE:Glencore 2019 Half-Year Report - KAT Related

[Sogosohubidu201]

Page 17 of Glencore 2019 Half-Year Report:

......."On 30 April 2019, Katanga announced that a full and comprehensive business review (the “Review”) had commenced, targeting mining efficiencies and process recovery improvements, as well as enhancements to product quality realisations and overhead reductions. At the same time, Katanga noted that it expected that 2019 production of copper and cobalt would be lower than the guidance provided at the beginning of the year, namely c.285kt of copper and c.26kt of contained cobalt, and it would provide an update in Q3 2019, once the Review was complete. This is expected to be provided alongside Katanga and Glencore’s interim financial statement releases on 7 August.

Long term production of 300,000 tpa of copper cathode and 30,000 tpa of cobalt contained in hydroxide on average over life of mine remains unchanged. "