KAT.TO - Katanga Mining Limited

Toronto - Toronto Delayed Price. Currency in CAD
0.91
-0.02 (-2.15%)
At close: 4:00PM EDT
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Previous Close0.93
Open0.92
Bid0.91 x 0
Ask0.93 x 0
Day's Range0.91 - 0.95
52 Week Range0.49 - 2.83
Volume242,450
Avg. Volume1,736,182
Market Cap1.736B
Beta-0.14
PE Ratio (TTM)N/A
EPS (TTM)-0.29
Earnings DateFeb 6, 2018 - Feb 12, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.23
  • CNW Group13 days ago

    Katanga Appoints Chief Operating Officer

    Katanga Appoints Chief Operating Officer

  • The Wall Street Journal16 days ago

    [$$] U.S. Probes Ties Between Glencore, Diamond Merchant Under Sanction

    American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign and U.S. investigators’ deepening scrutiny of the gem trader. On Tuesday, London-listed Glencore said it received a subpoena from the U.S. Department of Justice, demanding records related to its compliance with American antibribery and money-laundering laws in Congo, Nigeria and Venezuela. Glencore didn’t provide details and declined to comment more broadly on the subpoena.

  • CNW Group26 days ago

    Katanga Mining Announces Completion of Transactions Contemplated by Settlement Agreement with Gécamines

    ZUG, Switzerland , June 26, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces today that, together with its 75% operating subsidiary in the Democratic Republic of the Congo ("DRC"), Kamoto Copper Company ("KCC"), it has completed the transactions contemplated by the settlement agreement (the "Settlement Agreement") announced on June 12, 2018 , with (amongst others) the Company's joint venture partner, DRC state-owned company La Générale des Carrières et des Mines ("Gécamines"). Pursuant to the Settlement Agreement, Katanga and KCC have effected a recapitalization plan to resolve KCC's previously disclosed capital deficiency in accordance with the requirements provided for by DRC corporate law and Gécamines has withdrawn the legal proceedings it commenced on April 20, 2018 in the Kolwezi Commercial Court to dissolve KCC.

  • CNW Grouplast month

    Katanga Mining Announces Change In COO Position

    ZUG, Switzerland , June 18, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces a change in the Chief Operating Officer position. Mr. Deon Garbers , Chief Operating Officer ("COO") of the Company, tendered his resignation. Mr Garbers has agreed to stay with the Company to enable time for a suitable candidate to be found, support an orderly transition and assist with the operations.

  • CNW Grouplast month

    Katanga Announces Settlement of Ventora and Africa Horizons Dispute

    ZUG, Switzerland , June 15, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provides an update on its announcement of April 27, 2018 in respect of freezing orders filed against Katanga's 75% subsidiary, Kamoto Copper Company ("KCC"), by Ventora Development Sasu ("Ventora"), a company affiliated with Mr. Dan Gertler . Katanga, in conjunction with Glencore, has carefully considered its various legal and commercial options in connection with its dispute with Ventora and its obligations towards Africa Horizons Investments Limited ("AHIL"), a company also affiliated with Mr. Dan Gertler , as well as to its shareholders, customers and other shared stakeholders including the communities in which they operate in the Democratic Republic of the Congo ("DRC").

  • Reuterslast month

    Congo miner Gecamines plans to renegotiate with foreign partners

    D emocratic Republic of Congo state miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.

  • The Wall Street Journallast month

    [$$] Glencore Unveils $5.6 Billion Restructuring of Congo’s Katanga Mining

    Swiss mining giant Glencore PLC unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd., resolving a heated dispute with Congo’s state-run mining company about a massive debt load it has built up over the past decade. Glencore said Katanga Mining will issue $5.6 billion in stock, which it will use to retire debt. The move is the latest in a long-running saga involving Katanga Mining, one of Glencore’s flagship Congolese copper mines.

  • Reuterslast month

    Glencore unit Katanga settles DRC Congo dispute, shares surge

    Glencore unit Katanga Mining Ltd (KAT.TO) said on Tuesday it had agreed a recapitalisation plan for 75-percent-owned Kamoto Copper Co with Gécamines, its joint venture partner, involving converting $5.6 billion of Kamoto's debt to equity to fix a capital shortfall. Katanga's shares listed on the Toronto Stock Exchange jumped 23 percent to C$1.28.

  • CNW Grouplast month

    IIROC Trade Resumption - KAT

    IIROC Trade Resumption - KAT

  • CNW Grouplast month

    Katanga Mining Announces Settlement of DRC Legal Dispute with Gécamines and Agreement for the Resolution of KCC Capital Deficiency

    ZUG, Switzerland , June 12, 2018 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces today that, together with its 75% operating subsidiary in the Democratic Republic of the Congo ("DRC"), Kamoto Copper Company ("KCC"), it has entered into an agreement (the "Settlement Agreement") with (amongst others) the Company's joint venture partner, DRC state-owned company La Générale des Carrières et des Mines ("Gécamines") to terminate the legal proceedings brought by Gécamines in the DRC courts and resolve KCC's previously disclosed capital deficiency. Pursuant to the Settlement Agreement, amongst other things, Gécamines, Katanga and KCC have agreed on a recapitalization plan that will allow the reconstruction of the net equity of KCC and satisfy the requirements provided for by DRC corporate law, subject to the satisfaction of certain conditions precedent.

  • CNW Grouplast month

    IIROC Trading Halt - KAT

    IIROC Trading Halt - KAT

  • CNW Grouplast month

    Katanga Mining provides an update on legal proceedings commenced by Gécamines

    ZUG, Switzerland , June 11, 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, on April 20, 2018 , 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").

  • Should You Be Concerned About Katanga Mining Limited’s (TSE:KAT) Shareholders?
    Simply Wall St.2 months ago

    Should You Be Concerned About Katanga Mining Limited’s (TSE:KAT) Shareholders?

    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...

  • CNW Group2 months ago

    Katanga Mining Announces 2018 First Quarter Production and Financial Results

    Katanga Mining Announces 2018 First Quarter Production and Financial Results

  • CNW Group2 months ago

    Katanga Mining Announces Election of Directors

    Katanga Mining Announces Election of Directors

  • CNW Group2 months ago

    Katanga Mining Provides an Update on Legal Proceedings Commenced by Gécamines

    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").

  • Bloomberg2 months ago

    Congo Court Suspends Gecamines Bid to Dissolve Glencore Unit

    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.

  • Reuters3 months ago

    Explainer - Glencore's Congo mining conundrum

    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.

  • Reuters3 months ago

    EXPLAINER-Glencore's Congo mining conundrum

    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.

  • Reuters3 months ago

    Glencore expects trading profit at upper end of forecast range

    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.

  • Reuters3 months ago

    CANADA STOCKS-TSX falls as market reopens after Friday's abrupt shutdown

    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 ...

  • Reuters3 months ago

    CANADA STOCKS-TSX reopens near six-week high after Friday's abrupt shutdown

    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.