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Katanga Mining Ltd

KAT.TO

Latest Trade

0.35CAD

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52 Week Range

0.30

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0.83

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Katanga Mining Reports Q2 2019 Financial Results

Aug 6 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ANNOUNCES 2019 SECOND QUARTER FINANCIAL RESULTS.KATANGA MINING LTD - PRODUCTION GUIDANCE OF COPPER REVISED TO 235 KT FOR 2019.KATANGA MINING LTD - PRODUCTION GUIDANCE OF COPPER REVISED TO 260 KT FOR 2020.KATANGA MINING LTD - PRODUCTION GUIDANCE OF COBALT REVISED TO 14.4 KT FOR 2019.KATANGA MINING LTD - PRODUCTION GUIDANCE OF COBALT REVISED TO 29.6 KT FOR 2020.KATANGA MINING LTD - QTRLY SALES $301.1 MILLION VERSUS $345.5 MILLION.KATANGA MINING LTD - QTRLY LOSS PER SHARE $0.10.

Katanga Mining Says Copper Cathode Production Decreased To 52,514 Tonnes In Q2 2019 From 57,175 Tonnes In Q1

July 31 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING PROVIDES UPDATE ON MAJOR PROJECTS, ANNOUNCES 2019 SECOND QUARTER PRODUCTION RESULTS AND APPOINTMENT OF A NEW DIRECTOR.KATANGA MINING LTD SAYS COPPER CATHODE PRODUCTION DECREASED TO 52,514 TONNES IN Q2 2019 FROM 57,175 TONNES IN Q1 2019..KATANGA MINING LTD SAYS TOTAL ORE MINED INCREASED TO 2,458,522 TONNES IN Q2 2019 FROM 2,308,037 TONNES IN Q1 2019.KATANGA MINING - AT END OF Q2 2019 AND IN JULY 2019, RECENTLY COMMISSIONED COBALT DRYERS SUFFERED MECHANICAL BREAKDOWNS.KATANGA MINING - MECHANICAL BREAKDOWNS HAVE PREVENTED CO FROM DRYING COBALT HYDROXIDE UNTIL EXPECTED COMPLETION OF REPAIRS TO COBALT DRYERS IN Q4 2019.

Katanga Mining Receives Confirmation From Kamoto Copper Co That Armed Forces Of DRC Are In Area Around Operations Of KCC

July 4 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING - RECEIVED CONFIRMATION FROM 75%-OWNED SUBSIDIARY, KAMOTO COPPER CO THAT ARMED FORCES OF DRC ARE IN AREA AROUND OPERATIONS OF KCC.KATANGA MINING - KCC COMMUNICATED TO FARDC TO EXERCISE RESTRAINT, OPERATE IN ACCORDANCE WITH VOLUNTARY PRINCIPLES & INTERNATIONAL HUMAN RIGHTS STANDARDS.

Katanga Mining Q1 Loss Per Share $0.09

May 15 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ANNOUNCES 2019 FIRST QUARTER FINANCIAL RESULTS.QTRLY LOSS PER SHARE $0.09.COPPER REVENUE INCREASED TO $355.0 MILLION IN Q1 2019 FROM $146.5 MILLION IN Q1 2018..QTRLY SALES $354.9 MILLION VERSUS $146.7 MILLION.ON DECEMBER 31, 2018, INTEREST OF $452.8 MILLION WAS OWED TO GLENCORE UNDER LOAN FACILITIES PROVIDED TO COMPANY.GLENCORE EARLIER THIS YEAR PROVIDED SUPPORT FOR ADDITIONAL WORKING CAPITAL FUNDING.KATANGA MINING - SUBSEQUENT TO MARCH 31 LOAN FACILITY AMENDED TO FORMALIZE CAPITALIZATION OF INTEREST SO THAT IT WILL BE PAYABLE ON MATURITY IN 2021.KATANGA MINING -CO RECEIVED A PROPOSAL FROM GLENCORE WHICH IS DESIGNED TO ADDRESS COMPANY'S OVERALL INDEBTEDNESS TO GLENCORE UNDER LOAN FACILITIES.KATANGA MINING - SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS FORMED AND SUCH COMMITTEE RETAINED ADVISORS TO FACILITATE ONGOING DISCUSSIONS WITH GLENCORE..

Katanga Mining Ltd Reports Q4 Loss Per Share Of $0.12

Feb 20 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ANNOUNCES 2018 FOURTH QUARTER AND YEAR END FINANCIAL RESULTS.KATANGA MINING LTD QTRLY SALES $344.7 MILLION VERSUS $7.7 MILLION.KATANGA MINING LTD QTRLY LOSS PER SHARE $0.12.

Katanga Mining Says Copper Cathode Production Increased To 49,770 Tonnes In Q4

Jan 31 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING PROVIDES UPDATE ON MAJOR PROJECTS, ANNOUNCES 2018 FOURTH QUARTER AND YEAR END PRODUCTION RESULTS.COPPER CATHODE PRODUCTION INCREASED TO 49,770 TONNES IN Q4 2018.2019 FULL YEAR PRODUCTION GUIDANCE IS 285KT OF COPPER CATHODE AND 26KT OF COBALT CONTAINED IN HYDROXIDE.TOTAL ORE MINED DECREASED TO 2,471,632 TONNES IN Q4 2018 FROM 3,439,667 TONNES IN Q3 2018.SEES ANNUAL COBALT PRODUCTION GUIDANCE FOR FY2019 REMAINS UNCHANGED AT 26KT.EXPORT OF COBALT HYDROXIDE BY KCC REMAINS SUSPENDED.COBALT CONTAINED IN HYDROXIDE PRODUCED INCREASED TO 4,646 TONNES IN Q4 2018 FROM 3,512 TONNES IN Q3 2018.TOTAL CONTAINED COPPER DECREASED TO 61,393 TONNES IN Q4 2018 FROM 69,643 TONNES IN Q3 2018.ON JAN 30, CO'S 75% SUBSIDIARY KAMOTO COPPER RECEIVED LETTER FROM DRC MINISTER OF MINES FOLLOWING INSPECTION BY DRC GOVERNMENT IN Q4 2018.MINISTER OF MINES REQUESTED THAT KCC SUSPEND PROJECT TO BUILD AN ION EXCHANGE PLANT UNTIL FURTHER NOTICE.COMMISSIONING OF ACID PLANT IS EXPECTED TO COMMENCE IN Q4 2019.

Katanga Mining Enters Into Management Services Agreement With Glencore International AG And Appoints New CEO And CFO

Jan 17 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ENTERS INTO MANAGEMENT SERVICES AGREEMENT WITH GLENCORE INTERNATIONAL AG AND APPOINTS NEW CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER.DANNY CALLOW HAS BEEN APPOINTED AS CHIEF EXECUTIVE OFFICER AND DIRECTOR OF KATANGA.SAYS PAUL SMITH APPOINTED CFO.PAUL SMITH HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER OF KATANGA.DANNY CALLOW IS HEAD OF AFRICA COPPER OPERATIONS OF GLENCORE INTERNATIONAL.CALLOW AND SMITH ARE BEING PROVIDED TO KATANGA BY GIAG PURSUANT TO MANAGEMENT SERVICES AGREEMENT.JOHNNY BLIZZARD, HAS RESIGNED FROM COMPANY WITH EFFECT FROM JANUARY 16, 2019.GRANT SBOROS, CURRENT CFO TO CONTINUE ROLE AS SITE CFO OF SUBSIDIARY, KAMOTO COPPER COMPANY SA.PAUL SMITH IS HEAD OF STRATEGY OF GLENCORE PLC.

Katanga settles Congo investigation with Canadian regulator

Dec 18 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ANNOUNCES APPROVAL OF AGREEMENT TO SETTLE ONTARIO SECURITIES COMMISSION MATTERS.KATANGA WILL MAKE A VOLUNTARY PAYMENT IN AMOUNT OF C$28.5 MILLION.CEO JOHNNY BLIZZARD WILL RESIGN AS A DIRECTOR AND OFFICER OF COMPANY.WILL MAKE REIMBURSE COMMISSION COSTS IN AMOUNT OF C$1.5 MILLION.BLIZZARD'S RESIGNATION IS SUBJECT TO A SHORT TRANSITION PERIOD UNTIL HIS REPLACEMENT IS APPOINTED.WILL SUBMIT TO REVIEW BY AN INDEPENDENT CONSULTANT OF METAL ACCOUNTING WITH RESPECT TO REPORTING OF PRODUCTION, FINANCIAL ACCOUNTING.FOLLOWING INTERNAL REVIEW, COMPOSITION OF BOARD OF DIRECTORS WAS CHANGED TO INCLUDE THREE NEW DIRECTORS.IN SETTLEMENT, AGREES CO MISSTATED ITS FINANCIAL POSITION AND RESULTS OF ITS OPERATIONS.INTENDS TO ENTER INTO A MANAGEMENT AGREEMENT IN EARLY 2019 WITH ITS MAJORITY SHAREHOLDER, GLENCORE INTERNATIONAL AG.IN SETTLEMENT, AGREES IT FAILED TO DISCLOSE MATERIAL WEAKNESSES IN ITS INTERNAL CONTROLS."KATANGA BELIEVES THAT MANAGEMENT AGREEMENT WILL ALLOW OPERATIONS TO BE MANAGED MORE EFFECTIVELY".FAILED TO ADEQUATELY DESCRIBE HEIGHTENED RISKS ASSOCIATED WITH RELIANCE ON INDIVIDUALS, ENTITIES ASSOCIATED WITH DAN GERTLER.IN SETTLEMENT, AGREES IT FAILED TO MAINTAIN ADEQUATE DISCLOSURE CONTROLS, PROCEDURES, INTERNAL CONTROLS OVER FINANCIAL REPORTING.

Katanga Mining Announces Ontario Securities Commission Hearing To Approve Settlement Agreement

Dec 17 (Reuters) - Katanga Mining Ltd <KAT.TO>::KATANGA MINING ANNOUNCES ONTARIO SECURITIES COMMISSION HEARING TO APPROVE SETTLEMENT AGREEMENT.KATANGA MINING - HEARING WILL BE HELD ON DEC 18.KATANGA MINING - PARTIES ARE REQUIRED TO KEEP TERMS OF AGREEMENT CONFIDENTIAL UNTIL HEARING.KATANGA MINING - COMMISSION ISSUED NOTICE OF HEARING TO CONSIDER APPROVAL OF SETTLEMENT AGREEMENT BETWEEN STAFF OF COMMISSION AND COMPANY, OTHERS.KATANGA MINING - AGREEMENT IS RELATING TO DISCLOSED INVESTIGATION BY STAFF OF COMMISSION INTO CERTAIN OF CO'S HISTORICAL DISCLOSURES.

Katanga Mining Q3 Loss Per Share $0.04

Nov 14 (Reuters) - Katanga Mining Ltd <KAT.TO>::QTRLY SALES $428.1 MILLION VERSUS $345.5 MILLION IN Q2 .KATANGA MINING ANNOUNCES THIRD QUARTER FINANCIAL RESULTS.QTRLY LOSS PER SHARE $0.04.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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