KATFF - Katanga Mining Limited

Other OTC - Other OTC Delayed Price. Currency in USD
0.1162
+0.0006 (+0.48%)
As of 11:00AM EDT. Market open.
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Previous close0.1156
Open0.1146
Bid0.0000 x 0
Ask0.0000 x 0
Day's range0.1146 - 0.1162
52-week range0.0400 - 0.4100
Volume23,300
Avg. volume269,187
Market cap7.14B
Beta (5Y monthly)2.71
PE ratio (TTM)N/A
EPS (TTM)-0.1920
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-19 impact
    Reuters

    Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-19 impact

    Glencore <GLEN.L> is taking its Toronto-listed Congo business Katanga Mining <KAT.TO> private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the move. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99.46% of its shares. Katanga shareholders other than Glencore, including Blackrock and nine other minority holders, will receive 0.16 Canadian dollars in cash per share - a 100% premium to the closing price on Tuesday, and a special committee of Katanga's board recommended they approve the deal, the statement said.

  • CNW Group

    Katanga Mining Enters Into Definitive Agreement With Glencore International AG for Going Private Transaction to Be Considered at Telephonic Shareholders Meeting

    Katanga Mining Enters Into Definitive Agreement With Glencore International AG for Going Private Transaction to Be Considered at Telephonic Shareholders Meeting

  • CNW Group

    Katanga Mining Provides an Update on Impact of COVID-19 on Major Projects and Announces 2020 First Quarter Production Results

    Katanga Mining Provides an Update on Impact of COVID-19 on Major Projects and Announces 2020 First Quarter Production Results

  • Reuters

    Glencore copper mine in Congo sends 350 contractors home

    Glencore's Katanga Mining <KAT.TO> sent 350 workers to be repatriated this week after the copper and cobalt miner delayed the commissioning of an acid plant they were working on in Democratic Republic of Congo's Lualaba province. Katanga Mining's 75%-owned subsidiary Kamoto Copper Co (KCC) had sent the 350 Indian contractors from the mine site near Kolwezi to Lubumbashi, capital of Haut-Katanga province, to be repatriated, a source at KCC told Reuters.

  • Glencore held stocks of 12,797 tonnes of cobalt at the end of 2019
    Reuters

    Glencore held stocks of 12,797 tonnes of cobalt at the end of 2019

    Glencore's Katanga operation in Africa held unsold stocks of 12,797 tonnes of battery material cobalt with a current market value of more than $400 million at the end of last year, statements from Katanga show. Its cobalt stocks at the end of 2018 stood at 3,769 tonnes. Toronto-listed Katanga Mining , mostly owned by London-listed Glencore produced 17,054 tonnes of cobalt contained in hydroxide last year and sold only 4,257 tonnes over the same period.

  • CNW Group

    Katanga Mining Provides Operational Update

    Katanga Mining Provides Operational Update

  • Glencore strikes deal with Katanga over $5.8 billion rights issue
    Reuters

    Glencore strikes deal with Katanga over $5.8 billion rights issue

    Katanga Mining Limited <KAT.TO>, a big Congolese copper and cobalt producer, said on Thursday it would raise around $7.6 billion Canadian dollars ($5.8 billion) via a rights issue as part of a debt-for-equity swap with parent Glencore. Katanga Mining will subsequently owe Glencore $1.5 billion, reducing its debt from $7.7 billion after experiencing setbacks including a fall in the price of cobalt from record levels of $95,000 per tonne in 2018 to around $35,000 now. Thursday's statement said Glencore, which owns approximately 86.3% of Katanga, had agreed to swap $5.8 billion in debt for equity, which will raise its stake further in the firm.

  • Death toll rises to 43 at Glencore mine in Congo after collapse; more expected
    Reuters

    Death toll rises to 43 at Glencore mine in Congo after collapse; more expected

    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 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. The original death toll was estimated at 36 but rose through Thursday evening and into Friday as more bodies were uncovered, the officials said.