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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.


OTCPK:KATFF - Post by User

Katanga Mining Ltd Ord > TopDog is right
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Comment by organeeron Nov 25, 2019 2:39pm
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Post# 30390316

RE:RE:TopDog is right

RE:RE:TopDog is rightI know you have significant experience in working in the industry first-hand, but my question is are we sure that it is something that they will never change? For sure, Glencore is a trading company and certainly does a lot of commodity price control. However, if I recall, Glencore has said that they would be willing to sell Katanga to the Chinese "for the right price". Do you think they were lying in that case, even though they were referring to at a significant premium?

I don't know who it was either, but someone also suggested that Glencore may sell to the Chinese if there was a substantial premium, and if they were not able to overcome DRC politics (whereas it was insinuated that China might be able to play politics more fitting for DRC.
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