OTCPK:KATFF - Post by User
Post by
Sogosohubidu201on Aug 21, 2019 11:11am
129 Views
Post# 30050494
Congo’s biggest copper miner warns of operating loss
Congo’s biggest copper miner warns of operating lossDont count on the new supply to fill the void of Mutanda closure uless cobalt price is much higher than the current level. Even TFM, one of best copper cobalt mines, has problem at the current cobalt price. Cobalt price has to go up.
However, at $15 per pound cobalt price and $6500 per tonnes of copper price, Glencore projects that Katanga (KAT) will generate $1.3 billions USD ($1.72 billions Canadian dollars) EBITDA and $1.0 billion Canadian free cash flow. KAT mine is simply the lowest cost cobalt-copper mine in the world.
https://www.ft.com/content/f1e0b85a-c3f7-11e9-a8e9-296ca66511c9?sharetype=blocked