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 > Essential reading

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Comment by Lech1988on Sep 20, 2019 10:38am

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RE:RE:RE:RE:Essential reading

It's impossible to know but I truly think GLEN will throw in the towel on the DRC soon. "Soon" in mining terms meaning it could be several years from now, but right now these assets are nothing but a headache and every delay in production means more debt on our balance sheet and a lower valuation. A Chinese owner can do things to get the DRC government on their side with far less scrutiny than a firm like Glencore. Shutting Mutanda will likely result in the DRC putting a permanent delay on this “ion exchange plant” and I expect our cobalt production next year to be 30-40% plan as a result.

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