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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 > Glencore to cut workers at Mutanda

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Post by Sogosohubidu201 on Feb 08, 2019 10:33am

Glencore to cut workers at Mutanda

More investment in Mutanda is required to supply cobalt - the largest cobalt mine so far and soon to be overtaken by Katanga Mining as the largest cobalt mine in the world

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Comment by Sogosohubidu201 on Feb 08, 2019 2:24pm

Pending further development, the Mutanda issue could be potentially good new for cobalt price, KAT and cobalt related stocks. Glencore revealed in December last year that Mutanda was under review following drilling results that showed a faster than expected transition to a new type of metal bearing ore. To process this material, Glencore would need to invest heavily in new processing ...more

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Comment by Sogosohubidu201 on Feb 08, 2019 2:54pm

https://www.bloomberg.com/news/articles/2019-02-08/glencore-is-said-to-cut-workers-at-congo-copper-and-cobalt-mine?cmpid%3D=socialflow-twitter-australia&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=australia&utm_medium=social

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Katanga Mining Ltd Ord