WEBSITE: http://www.katangamining.com/
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.
I believe share price can go up from this 30 cents level to multi-dollars level. Katanga's majority shareholder is Glencore. Glencore is the world third biggest mining company.
READ, CHECK LINKS AND MAKE YOUR OWN DD.
~Blue~
follow me on BLUE SKY BREAKOUT
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