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Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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 Discussion

Katanga Mining Ltd Ord > And so it begins...
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Post by Lech1988 on Feb 19, 2019 11:06am

And so it begins...

Mines halting production one after the other.  All good news for the Cobalt price and is also one big **** you to the DRC and their mining code.  Funny they thought that Cobalt would turn them into the new Saudi Arabia but this is what happens when you bite the hand that feeds you.
Comment by Cassius1977 on Feb 19, 2019 12:03pm
Well the Saudi's co-ordinate supply demand balance to achive acceptable prices.  Perhaps this has been done with the blessing of the DRC gov.   It is utterly insane to run the prices into the ground during a boom in demand when you have such a stranglehold on supply.
Comment by Lech1988 on Feb 19, 2019 12:14pm
Yes I agree
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