|Bid||0.91 x 0|
|Ask||0.92 x 0|
|Day's Range||0.90 - 0.93|
|52 Week Range||0.41 - 2.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 6, 2018 - Feb 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.23|
I am going to take a deep dive into Katanga Mining Limited’s (TSX:KAT) most recent ownership structure, not a frequent subject of discussion among individual investors. The impact of aRead More...
ZUG, Switzerland , May 8, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provided an update on the legal proceedings disclosed by the Company on April 20, 2018 . As previously disclosed, the Company's joint venture partner, the Democratic Republic of Congo ("DRC") state-owned company La Générale des Carrières et des Mines ("Gécamines"), in the Company's 75% DRC operating subsidiary Kamoto Copper Company ("KCC"), commenced legal proceedings to dissolve KCC following KCC's failure to address its previously disclosed capital deficiency or, alternatively, if the Court were to provide KCC with a period of time within which to regularize the situation, to request the appointment of an expert to assess and report to the Court on KCC's financial position and its recapitalization plan (the "Capital Deficiency Proceedings").
A Democratic Republic of Congo court suspended proceedings initiated by state-owned mining company Gecamines to dissolve a unit of Glencore Plc until at least next month. The Commercial Court in Kolwezi, in southeastern Congo, ordered the suspension while it awaits a ruling by the Supreme Court on its competence to hear the case, Francoise Kena wa Tshimanga, a lawyer for Kamoto Copper Co., said by phone Tuesday. Katanga Mining Ltd., which controls KCC, obtained a decision from the Supreme Court on May 4 allowing it to challenge the Kolwezi court’s competence, Katanga said in a statement Tuesday.
LONDON/DAKAR (Reuters) - Miner and commodities trader Glencore (GLEN.L) is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. U.S. sanctions on Glencore's former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute with the government over a new mining code.
LONDON/DAKAR, May 3 (Reuters) - Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. U.S. sanctions on Glencore's former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute with the government over a new mining code.
Commodities trader and miner Glencore (GLEN.L) expects 2018 earnings from its trading division to be at the top end of the previously flagged range, it said as it reported first-quarter output on Thursday. Production across all commodities is in line with expectations in the first quarter of this year, the company said, and the ramp-up of its Katanga copper and cobalt mine in Democratic Republic of Congo is on track. At the start of February Glencore predicted full-year copper output should reach nearly 1.5 million tonnes because its Katanga mine should add about 150,000 tonnes, as well as 11,600 tonnes of cobalt.
Canada's main stock index fell on Monday, weighed by declines for the financial and materials groups, as the market reopened after an outage halted trading for several hours on Friday afternoon. * The ...
Canada's main stock index hovered near its six-week high on Monday, led by financial and industrial shares, after an outage halted trading on the Toronto Stock Exchange on Friday. * At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 24.09 points, or 0.15 percent, to 15,693.02. * TMX Group Ltd, which operates the Toronto Stock Exchange and smaller Canadian trading platforms, said in a statement on Saturday that the failure of data storage equipment caused the outage.
ZUG, Switzerland , April 27, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces that Ventora Development Sasu ("Ventora"), a company affiliated with Dan Gertler , has today served in the Democratic Republic of the Congo ("DRC") a freezing order against Kamoto Copper Company ("KCC"), the Company's 75% operating subsidiary, in the amount of US$2.28 billion . Ventora alleges that KCC has breached an agreement between KCC, La Générale des Carrières et des Mines ("Gécamines") and Africa Horizons Investments Limited ("AHIL") (which Ventora claims AHIL assigned to it) pursuant to which Ventora alleges KCC is required to make royalty payments to Ventora, by indicating that it will not pay such royalties as a result of Mr. Gertler's designation as a Specially Designated National ("SDN").
For Katanga Mining Limited’s (TSX:KAT) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. Every stock inRead More...
Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years. Gecamines said on Tuesday that debts owed by Kamoto to Glencore (GLEN.L) and its subsidiaries at the end of 2017 topped $9 billion.
A Glencore Plc subsidiary said the Democratic Republic of Congo’s state-owned mining company began legal proceedings to dissolve a unit forecast to become the world’s largest cobalt mine, because of a ...
Katanga Mining Provides Update on KCC Recapitalization Process and Notes Commencement of DRC Legal Proceedings by Gécamines
For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. In this article, I will take a look at Katanga MiningRead More...