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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 > Nothing's For Free

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Post by SchiffKnowsBest on May 02, 2018 12:35pm

Nothing's For Free

Pigs are coming to the trough and the end result will likely mean KAT takes a haircut in their ownership of KCC. Like I mentioned, even if they lose 25% of their ownership this in no way shape or form equates to a 60% haircut that the shorters have driven this down to. Best case scenario Katanga holds their full ownership and we trade back up to $1.80 once Glencore resolves. A simple risk/reward equation at this point.

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Comment by springinhetveld on May 02, 2018 1:20pm

I think the 75%-25% will not be changed. But the 9b$ debt will be changed. So the debt of KCC will be reduced. But if I understand it correctly the debt is: KCC to KAT, and KAT to GLENCORE. So if Glencore voids the debt of KCC what effect will that have on the debt KAT has to Glencore? I guess KAT will have to fully pay its debt back to Glencore and since it will not get it refunded by KCC ...more

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Katanga Mining Ltd Ord