|Bid||0.5100 x 0|
|Ask||0.5200 x 0|
|Day's Range||0.5100 - 0.5200|
|52 Week Range||0.3600 - 1.9800|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 7, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.23|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Glencore plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Miner and trader Glencore on Friday stuck to its 2019 production targets and said cobalt output last year soared 54 percent while copper rose 11 percent due to the restart of operations in the Democratic Republic of Congo. Production of cobalt, used in batteries for electric vehicles, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes. Zinc output was mostly flat year-on-year at 273,300 tonnes.
Katanga Mining Provides Update on Major Projects, Announces 2018 Fourth Quarter and Year End Production Results
ZUG, Switzerland , Jan. 17, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that the Company has entered into a management services agreement with Glencore International AG ("GIAG"). Katanga has entered into the management services agreement to better reflect the integrated nature of Katanga's and GIAG`s businesses and enhance existing controls.
Swiss mining giant Glencore PLC provided nearly $1 billion in loans and advances to companies associated with an Israeli businessman accused of having corrupt ties to government officials in the Democratic Republic of Congo, according to documents reviewed by The Wall Street Journal. The loans, made over a roughly 10-year period starting in 2007, were designed in part to help finance investments by the businessman, Dan Gertler, in copper-mining operations in Congo alongside Glencore, the documents show.
Glencore-controlled (GLEN.L) Katanga Mining Ltd (KAT.TO) said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo. Johnny Blizzard, chief executive officer of the Toronto-listed company, will resign and leave its board, which includes three new directors, the miner said in a filing on Tuesday. Katanga's shares closed up 5.3 percent at 60 Canadian cents, compared with the local stock benchmark's (.GSPTSE) 0.4 percent gain.
TORONTO, Dec 18- Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo. Johnny Blizzard, chief executive officer of the Toronto- listed company, will resign and leave its board, which...
ZUG, Switzerland , Dec. 18, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that the Ontario Securities Commission (the "Commission") has approved a global settlement agreement between Staff of the Commission and the Company, certain of its former directors and officers and its Chief Executive Officer relating to the previously disclosed investigation by Staff into certain of the Company's historical disclosures.
A Canadian regulator will consider on Tuesday whether to accept a proposal from Katanga Mining Limited to settle allegations related to the Glencore-controlled company's activities in Democratic Republic of Congo. Katanga said in a statement on Monday it could not give details of the proposal until after the hearing, at which the Ontario Securities Commission (OSC) will consider whether a global settlement with Canadian-listed Katanga is in the public interest. Glencore declined to comment.
ZUG, Switzerland , Dec. 17, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announced that the Ontario Securities Commission (the "Commission") has issued a Notice of Hearing to consider the approval of a global settlement agreement between Staff of the Commission and the Company, certain of its former directors and officers and its Chief Executive Officer relating to the previously disclosed investigation by Staff into certain of the Company's historical disclosures. The parties are required to keep the terms of the settlement agreement confidential until the hearing. The hearing will be held on December 18, 2018 , at which time the Commission will consider whether it is in the public interest to approve and give effect to the settlement agreement by making certain orders against Katanga and the individuals listed above as described in the settlement agreement.
Dec 17- A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported. The expected settlement between the Ontario Securities...
The expected settlement between the Ontario Securities Commission and Toronto-listed Katanga Mining Ltd (KAT.TO) is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016, the Journal reported, citing an anonymous source. A Glencore (GLEN.L) spokesman declined to comment on the report. The Canadian regulator is expected to name several of Katanga's current and former executives in the settlement and will focus on Katanga’s ties with Israeli businessman Dan Gertler, who first invested in Katanga alongside Glencore in 2008, the report said.
LONDON/BEIJING (Reuters) - Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52,800 tonnes of cobalt from mining and trading giant Glencore (GLEN.L) between 2018 and 2020, without revealing the price. "The price went down so much," one source said, adding that GEM had no alternative supplier but was using its inventories of cobalt and that the Chinese firm had not attempted to renegotiate the contract recently.
Glencore (GLEN.L) has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London-listed miner said billionaire Mistakidis, who owns a 3.2 percent stake in the company, will be replaced by Nico Paraskevas. Glencore was ordered by the U.S. Department of Justice in July to hand over documents about its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe.