|Bid||0.5000 x 0|
|Ask||0.5100 x 0|
|Day's Range||0.5000 - 0.5100|
|52 Week Range||0.3000 - 0.8300|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2019 - Nov 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.23|
"Terry was a valued member of the Board, colleague and friend, and we are deeply saddened by the news of his passing," said Hugh Stoyell , Chairman of the Board of Directors. The Board of Directors of Katanga will consider its options regarding the replacement for Mr. Robinson and an announcement will be made in due course.
Katanga Mining Provides Update on Major Projects, Announces 2019 Second Quarter Production Results and Appointment of a New Director
ZUG, Switzerland , July 4, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") received confirmation today from its 75%-owned subsidiary, Kamoto Copper Company ("KCC") that the armed forces of the DRC (FARDC) are in the area around the operations of KCC. This follows a growing presence of illegal artisanal miners throughout industrial mining concessions in the Kolwezi area, which led to the tragic incident at KCC on June 27, 2019 . KCC has communicated its expectations to the FARDC to exercise restraint and operate in accordance with Voluntary Principles on Security and Human Rights (the Voluntary Principles) and international human rights standards.
The number of artisanal miners killed by a landslide at a copper and cobalt mine run by Glencore in southeast Congo rose to 43 on Friday and could climb further as the search for missing workers continues, local officials said. Thursday's accident occurred in the KOV open-pit mine at the Kamoto Copper Company (KCC) concession near Democratic Republic of Congo's southern border with Zambia, in which Glencore subsidiary Katanga Mining has a 75% stake. "We think that other bodies are still under the rubble," said Joseph Yav Katshung, the director of cabinet for the governor of the Lualaba province where the incident occurred.
ZUG, Switzerland , June 27, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that its 75%-owned subsidiary, Kamoto Copper Company (KCC), has observed a growing presence of illegal artisanal miners throughout its industrial mining concessions in the Kolwezi area. This has led to daily intrusions onto its concession by on average 2,000 illegal artisanal miners per day. This has presented a significant risk to its employees, operating equipment and the illegal artisanal miners themselves.
Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. The appointment comes less than two months after Glencore, the world's biggest supplier of seaborne coal, said it would limit annual coal production capacity to current levels of about 150 million tonnes after discussion with its investors. Gerard will take over on May 2 and will also serve as the head of Glencore's assets in the Democratic Republic Of Congo (DRC) and oversee its Mutanda mining operation in the country.
Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. Gerard will take over on May 2 and will ...
ZUG, Switzerland , April 17, 2019 /CNW/ - Katanga Mining Limited (KAT.TO) ("Katanga" or the "Company") today announces the resignation of Mr. Danny Callow as Chief Executive Officer of the Company. The board of directors has approved Mr. Jeff Gerard's appointment to the CEO position by Glencore International AG ("Glencore"), effective May 2, 2019 , pursuant to the management services agreement between the Company and Glencore entered into in January 2019 . Mr. Gerard will replace Mr. Callow, who has served Glencore's African copper operations in various capacities for over 12 years, most recently as CEO of Katanga.
Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC). The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was found in levels above the acceptable limit for export. Katanga said on Monday it produced about 930 tonnes of contained cobalt since January through interim operational solutions.
ZUG, Switzerland , April 15, 2019 /CNW/ - Katanga Mining Limited (KAT.TO) ("Katanga" or the "Company") today announces that its 75%-owned DRC subsidiary Kamoto Copper Company ("KCC") has resumed the export and sale of a limited quantity of cobalt that complies with both international and local Democratic Republic of Congo ("DRC") transport regulations with respect to the levels of uranium (the "Applicable Regulations"). In Q4 2018, the Company announced that KCC had temporarily suspended the export and sale of cobalt due to the presence of uranium detected in the cobalt hydroxide at levels that exceed the acceptable limit allowed for export of the product through main African ports to customers. While KCC, together with the Company and KCC's 25% shareholder, DRC state-owned La Générale des Carrières et des Mines ("Gécamines"), have been working with the DRC government's Ministry of Mines and the Congolese Atomic Energy Agency (CGEA) on a long-term technical solution in the form of an ion exchange plant (the "Ion Exchange Plant"), KCC has also been exploring various alternative interim solutions, both operational and regulatory, to recommence the export and sale of cobalt.
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