Bullboard - Stock Discussion Forum Katanga Mining Ltd Ord KATFF

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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 > Mine closure date extended from 2047 to 2055 - 35 years

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Post by Sogosohubidu201 on Feb 13, 2020 3:56pm

Mine closure date extended from 2047 to 2055 - 35 years

As at December 31, 2019, the Company increased its estimate regarding the total reclamation and closure costs from $105.2 million to $128.1 million and extended the closure date from 2047 to 2055 due to the optimization of the life of mine.

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Comment by topdop on Feb 13, 2020 4:22pm

Yes, well spotted @sogosohubidu201 Our assumptions for attained Cu & Co prices for 2020 will have to be modertated. Covid-19 has hit everything. Further, KAT needs to get it's C1 Total Op cost well under $1.50 if not, I'll not be interested or impressed. If they don't get to my number, the Company will never make any real money, just Glencore, Marketing and Selling our Metals... ...more

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Katanga Mining Ltd Ord