Final hours! Save up to 50% OFF InvestingProCLAIM SALE

BRIEF-Katanga Mining Provides Update On Major Projects & Announces 2019 Q4 Production Results

Published 2020-02-03, 08:42 p/m
© Reuters.  BRIEF-Katanga Mining Provides Update On Major Projects & Announces 2019 Q4 Production Results
KAT
-

Feb 3 (Reuters) - Katanga Mining Ltd KAT.TO :

* KATANGA MINING PROVIDES AN UPDATE ON MAJOR PROJECTS AND ANNOUNCES 2019 FOURTH QUARTER PRODUCTION RESULTS

* TOTAL ORE MINED DECREASED TO 3,231,048 TONNES IN Q4 2019 FROM 3,561,044 TONNES IN Q3 2019

* TOTAL CONTAINED COPPER DECREASED TO 92,821 TONNES IN Q4 2019 FROM 112,015 TONNES IN Q3 2019

* TOTAL COPPER CATHODE PRODUCED INCREASED TO 65,402 TONNES IN Q4 2019 FROM 59,424 TONNES IN Q3 2019

* TOTAL COBALT CONTAINED IN HYDROXIDE INCREASED TO 6,173 TONNES IN Q4 2019 FROM 4,763 TONNES IN Q3 2019

* SEES FY 2020 PRODUCTION FOR COPPER AT 270 KTONNES

* KCC HAS COMMENCED EXECUTING KEY COST REDUCTION INITIATIVES IDENTIFIED IN TRANSFORMATION REVIEW PROCESS

* SEES FY 2020 COBALT PRODUCTION OF 29 KTONNES

* KATANGA -CASH FLOW EXPECTED TO INCREASE FROM 2022, WHEN ITS PROJECTED TO ACHIEVE LIFE OF MINE AVERAGE PRODUCTION ABOUT 300KTONNES COPPER, 30KTONNES COBALT

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.