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Katanga Mining Limited (TSX:KAT)

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KATANGA

 

Company profile

Katanga Mining Limited operates a large-scale copper-cobalt project with substantial high-grade mineral reserves and integrated metallurgical operations in the Democratic Republic of Congo (DRC).

Our single-site operation, which comprises brownfield assets and new facilities under construction, will have one of the lowest unit production costs in the world, net of by-product credits.

The January 2008 merger with Nikanor PLC, whose adjacent concessions had previously been part of the same mine complex, has consolidated our leadership position in the region and is expected to generate significant operating and financial synergies.

Katanga holds a 75% stake in two joint ventures with Gécamines, a state-owned mining company in the DRC.

We are committed to the socio-economic development of the DRC and the communities surrounding our operations, and place sustainable development as integral to the way we do business.

Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

WEBSITE: http://www.katangamining.com/
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KATANGA is the world biggest Cobalt mine.

The world third biggest mining company Glencore holds 86.33% of shares.

Glencore now beneficially owns, or has control or direction over, a total of 1,646,613,928 shares in Katanga representing approximately 86.33% of the outstanding shares of Katanga (based on there being a total of 1,907,380,413 shares of Katanga outstanding).

http://www.glencore.com/assets/media/doc/news/2017/20170213-Glencore-purchases-stakes-in-Mutanda-and-Katanga.pdf

The other institutions that hold Katanga Shares

Citibank China Co Ltd 53,668,000

http://investors.morningstar.com/ownership/shareholders-major.html?t=KAT®ion=can&culture=en-US&ownerCountry=USA
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BSG Capital Markets PCC Limited

Direct Ownership Common Shares 26,504,383
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Central African Mining & Exploration Company plc

10,175,130 shares


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Katanga posted New Technical report: Area produces roughly 7% of the world’s copper production and 62% of the world’s cobalt production.


Production will re - commence during the second half of 2017
page 31:



Mining in the Kolwezi district has a long history, stretching back to the early 1900’s. At its peak, in the late 1980s, the district accounted for roughly 7% of the world’s copper production and 62% of the world’s cobalt production. In the mid-to late-90s, production declined to a virtual standstill as a result of various political and technical factors. In 2002, a new Mining Code was established and since 2008, after the KCC and DCP merger, significant growth in mining production has occurred. Due to a slump in metal prices in 2015, operations were put on care and maintenance. During this time, construction of the WOL facility was undertaken in order to achieve the planned recoveries and reduce operating costs. Production will re-commence during the second half of 2017.

http://www.katangamining.com/~/media/Files/K/Katanga-mining-v2/operations/reportsoperational/technical-report-march-2017.pdf

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Katanga Mining Is A Potential Turnaround Story

https://seekingalpha.com/article/4033629-katanga-mining-potential-turnaround-story

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Tesla's Evolving Cobalt Nightmare

https://seekingalpha.com/article/4027400-teslas-evolving-cobalt-nightmare

The role of cobalt in battery supply

http://www.indmin.com/Article/3586106/The-role-of-cobalt-in-battery-supply.html

Cobalt to the fore as lithium-ion battery demand rises for electric vehicles and renewables storage

http://www.abc.net.au/news/2017-01-25/wa-cobalt-project-poised-for-slice-of-battery-storage-pie/8187296

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COBALT PRICE INCREASED 150%


http://www.infomine.com/investment/metal-prices/cobalt/1-year/

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KATANGA (KATFF, on the TSX: KAT.T) is an essential company for Cobalt production. The company has the world biggest cobalt reserve. Due to a slump in metal prices in 2015, operations were put on care and maintenance. During this time, construction of the WOL facility was undertaken in order to achieve the planned recoveries and reduce operating costs. Production will re-commence during the second half of 2017.

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KAT News: Katanga Mining Enters Into Management Services Agreement with Glencore International AG and Appoints New Chief Executive Offi... 01/17/2019 05:21:00 PM
KAT News: Katanga Mining Announces Approval of Agreement to Settle Ontario Securities Commission Matters 12/18/2018 10:35:00 AM
KAT News: Katanga Mining Announces Ontario Securities Commission Hearing to Approve Settlement Agreement 12/17/2018 08:50:00 AM
KAT News: Katanga Mining Announces Commissioning of Phase 2 of the Whole Ore Leach Plant and Provides an Operational Update 12/03/2018 07:53:00 AM
KAT News: Katanga Mining Announces Lifting of Customs Restrictions and Resumption of Imports and Exports 11/16/2018 08:30:00 AM
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