Given the increased macro-economic uncertainty caused by the COVID-19 pandemic, Katanga Mining has implemented a number of measures to minimise cash outflows at its 75%-owned subsidiary Kamoto Copper Company, which operates in the Democratic Republic of Congo.
TSX-listed Katanga Mining has provided an update on its major projects and announced its 2019 third quarter production results at the Kamoto...
Less than a week after Glencore-owned Katanga Mining announced the temporary suspension of cobalt export from its Kamoto mine, the importing or exporting of any material or production, including copper, has been suspended owing to alleged failure to declare duties on at least 6 650 t of copper.
The Democratic Republic of Congo’s state-owned mining company Gécamines says that it was not consulted on Katanga Mining’s decision to suspend cobalt sales and exports from the Kamoto Copper Company project.
TSX-listed Katanga Mining has announced that, together with Kamoto Copper, it has entered an agreement with Gécamines to terminate the legal proceedings brought by Gécamines in the DRC courts and resolve KCC’s previously disclosed capital deficiency.
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