Katanga Mining Ltd Ord KATFF

2019 Capital Investments from Katanga Mining

[Sogosohubidu201]

Katanga Mining will make major capital investments for the following areas in 2019:

(1) Cobalt project - to be completed in Q1 2019
(2) Acid plant - to be commissioned by Q4 2019
(3) Ion Exchnage - to obtain permits on March 11, be commissioned on October 1, and achieve full capacity by November 1, 2019.
(4) Power project (hydro electricity) - to be fully completed by the 2nd half of 2019

After the end of this year, only maintenance capital is required (around $180 million USD per year) and KAT shall generate very strong free cashflow, and the free cashflow numbers willl be higher than the earning numbers in 2020, 2021, 2022......

[johnny54]

all the people convinced our the people who read this daily...............when and where is the hurd of others coming from?

[bigguy56]

do you have a link? Where do you get this from?

[Lech1988]

Not sure about the maintenance cost number but the rest of the planned project schedules have been well known for a while. Rather unsurprisingly we haven't heard anything about the ion exchange system which chances are will never get built. Glencore are willingly witholding supply from the market, make no mistake about it. 

[Katanguero]

1- Katanga does not announce permits or modifications of facilities with special notes. He never did. always announces it in the quarterly reports. 2 - Save the ad will also be a way to support the price of cobalt, very pressured down in recent months. 3- First Gecamines had doubts about the veracity of the Uranium data in cobalt. Gecamines technicians were going to verify the situation and it was

[patels96]

Sustaining CAPEX will be low, and its been reported in the technical report from 2018