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Katanga (KAT): een gigant in kobalt en koper

516 Posts
Pagina: «« 1 2 3 4 5 6 ... 26 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 1 februari 2018 09:33
    Outlook

    During Q1 2018:
    Open pit mining operations are expected to continue to feed ore to the run of mine stockpiles in accordance with the optimized ore blending strategy, and waste stripping in both KOV and Mashamba East open pits will continue;
    Backfill and care and maintenance activities at KTO underground operations are expected to continue to ensure operational readiness for underground operations resuming in future years;
    Phase 2 construction activities on the WOL Project to continue and are expected to progress according to the 2018 project execution plan;
    KTC (including KITD), and Luilu are expected to ramp-up the operations to produce copper and cobalt in accordance with the ramp-up plan;
    Execution of the acid plant, cobalt dryers and cobalt de-bottlenecking projects are expected to continue to ensure the completion of the planned project schedules;
    Various continuous improvement initiatives relating to production enhancement and consumable inventory reduction are expected to be implemented to ensure the efficiency of operations.

  2. forum rang 10 DeZwarteRidder 1 februari 2018 09:36
    Project overview

    Katanga Mining Limited operates a large-scale copper-cobalt mine complex in the Democratic Republic of Congo (DRC) through two joint ventures, Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).

    The KCC joint venture produced its first copper cathode in December 2007 following the completion of Phase I of a four-phase refurbishment of the brownfield site. The second joint venture, DCP, was acquired through Katanga’s merger with Nikanor in January 2008. KCC and DCP operate on adjacent properties in the Democratic Republic of Congo (DRC) and are working to create a major single-site copper and cobalt operation. Pursuant to an amended joint venture agreement signed in July 2009, KCC and DCP will be merged.

    KCC and DCP are engaged in the exploration, refurbishment and rehabilitation of the Kamoto/Dima mining complex (the Kamoto Project) and the KOV copper and cobalt mine, respectively in the DRC.

    The Kamoto Project includes exploration and mining properties, the Kamoto concentrator, the Luilu metallurgical plant, the Kamoto underground mine and two oxide open pit resources in the Kolwezi district of the DRC. The Kamoto Project commenced commercial production on June 1, 2008 following the completion of operational commissioning of the initial phase of development. DCP’s assets include mining properties and various oxide open pit resources, the largest of which is the KOV pit. The KOV pit is not yet in commercial production.
  3. forum rang 10 DeZwarteRidder 1 februari 2018 09:37
    Katanga Mining Announces Ore Reserves and Mineral Resources

    January 31, 2018

    ZUG, SWITZERLAND, January 31, 2018 – Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") is pleased to announce its ore reserve and mineral resource estimates as at December 31, 2017.

    Key Updates: Mineral Resources

    Overall, the measured and indicated mineral resource for Kamoto Copper Company SA (“KCC”) (in which the Company has a 75% interest) increased by 7.7 million tonnes since December 31, 2016, consisting of the following:
    Changes in the indicated mineral resource are related to the addition of 7.8 million tonnes in the Kamoto Interim Tailings Dam (“KITD”), as a result of the 2017 drilling program.
    Changes in the indicated mineral resource for the KOV Open Pit, KOV Underground, and KTE is a decrease of 0.1 million tonnes due to mining depletion during 2017.
    Changes in the inferred mineral resource category for KOV Open Pit, KOV Underground and KTE is a decrease of 0.2 million tonnes due to mining depletion during 2017.
    There are no changes in the measured, indicated or inferred mineral resources reported for Mashamba East, KTO Underground, T-17 Open Pit / T-17 Underground Mine, Kananga Mine and Tilwezembe Open Pit Mine, as no mining and no geological work was undertaken in these areas in 2017.
    A reconciliation table comparing the 2016 and 2017 mineral resource estimates is set out in Annexure A.

    Key Updates: Ore Reserves

    The result of the December 31, 2017 ore reserve estimate is a net increase of 13.4 million tonnes of ore reserves since December 31, 2016, of which 6.0 million tonnes is attributable to optimization and design updates for KOV Open Pit and KTO Underground. In addition, 7.4 million tonnes of reserves were added from the KITD tailings.
    A reconciliation table comparing the 2016 and 2017 ore reserves is set out in Annexure B and the key mining parameters which inform the ore reserve estimates are set out in Annexure C
  4. forum rang 10 DeZwarteRidder 1 februari 2018 09:38
    Commissioning of Whole Ore Leach and resumption of production

    On September 11, 2015, the Company announced the decision to suspend the processing of copper and cobalt during the construction of its Whole Ore Leach Project (“WOL Project”). The suspension continued through most of 2017, with copper production resuming on December 11, 2017;
    Commissioning of phase 1 of the WOL Project was completed in November 2017 and first copper was produced on December 11, 2017; and
    Phase 2 construction activities of the WOL Project have continued and are progressing according to the 2018 project execution plan. Full commissioning of phase 2 of the WOL Project is expected to commence in Q4 2018.

    Mining

    Mining operations continued during Q4 2017 at KOV and Mashamba East open pits with a focus on waste mining;
    Waste mined in Q4 2017 was 11,193,159 tonnes, which was 9,040,173 tonnes (419.9%) higher than Q4 2016 due to increased waste mining activities in 2017 in preparation for the commissioning of the WOL Project;
    Following the commissioning of phase 1 of the WOL Project and the resumption of copper production, ore mining commenced in Q4 2017: ore mined at the KOV Open Pit Mine (“KOV Open Pit”) during Q4 2017 was 433,169 tonnes. The average copper grade of ore mined from KOV Open Pit was 2.18%, resulting in contained copper of 9,459 tonnes. In 2016 ore mined was 825 tonnes at KOV Open Pit and is related to incidental ore mined during waste mining; and
    In Q4 2017, the Company did not commission any new items of fleet.
  5. kneut 1 februari 2018 12:03
    Even heel kort. Vanaf sept. 2015 tot nov 2017..hebben ze nieuwe gaten geboord ,,onderzoek voorraad en aanpassingen gedaan om efficiënter te werken door minder afval te produceren .met de gevonden koper reserves kunnen ze nog jaren vooruit...ze zijn december 2017 weer begonnen met koper delven....4e kwartaal verwacht men volledig productief te zijn.....alleen positieve berichten !!!!
  6. adri67 1 februari 2018 20:20
    Miners Face Sudden Cost Increases After Congo Law Overhaul

    By William Clowes
    and Thomas Wilson
    31 januari 2018 12:50 CET Updated on 1 februari 2018 06:49 CET

    New law overrides miners’ 10-year tax, customs-stability deals
    Glencore CEO flew to Congo to meet Kabila over changes to law

    The Democratic Republic of Congo canceled contract guarantees and hiked a key
    royalty in sweeping last-minute changes to a mining law that will have immediate
    financial costs for every mining project in the country.

    The country’s parliament finalized a revised mining code on Jan. 27, after both
    the lower and upper houses introduced increasingly onerous fiscal and regulatory
    reforms to already contested legislation. The modifications significantly raise
    the cost of doing business for investors in Africa’s biggest copper producer,
    while boosting the state’s share of mining revenue.

    Lawmakers went ahead with the changes even after Glencore Plc Chief Executive
    Officer Ivan Glasenberg met Congolese President Joseph Kabila to discuss the
    proposed law.

    In the most dramatic overhaul, lawmakers overrode a measure in the previous law
    adopted in 2002 that protected license holders from complying with changes to
    the fiscal and customs regime for 10 years. That means mines run by companies
    including Glencore, Randgold Resources Ltd. and Ivanhoe Mines Ltd. will
    immediately be subjected to higher royalties on metals including copper, cobalt
    and gold, as well as a new 50 percent tax on so-called super profits -- income
    realized when commodity prices rise 25 percent above levels included in a
    project’s bankable feasibility study.
    ‘Strategic Substance’

    The new code also permits Congo, the world’s biggest source of cobalt, to raise
    the royalty on that metal to 10 percent from 2 percent if the government
    categorizes the mineral as a “strategic substance.” A byproduct of copper and
    nickel, cobalt has become a coveted commodity as its efficiency conducting
    electricity has made it essential for rechargeable batteries used in electric
    cars.

    The lower house set the royalty for “strategic” metals at 5 percent and the
    upper house opted for a variable rate of 5 percent to 10 percent, before the
    joint commission agreed upon a fixed 10 percent.

    The provisions of the new law “are immediately applicable to all holders of
    mining rights valid” on the date it comes into force, according to the
    legislation.

    All that remains for it to be enacted is Kabila’s signature. While mining
    companies say they will lobby the president to walk back the reforms, he could
    sign the law before the end of next week, according to Evariste Mabi Mulumba,
    the president of the Senate’s economics and finance commission. Patrick Kakwata,
    the president of the National Assembly’s natural resources commission, said
    Kabila will sign the legislation “at his discretionary power.”
    Glasenberg Meeting

    After five years of on-off negotiations with the mining industry, lawmakers
    chose to overlook the private sector’s concerns in a move likely to rock Congo’s
    relations with its biggest investors. Last month, miners including Glencore,
    Randgold and China Molybdenum Co. sent a letter to the presidents of the two
    houses of parliament asking them to suspend the adoption of the new code and
    promising they would defend their investments “by all domestic and international
    means at their disposal.”

    In a last-ditch move, Glencore CEO Glasenberg flew to Congo last month to meet
    with Kabila, according to two people with knowledge of the meeting. Even
    Glencore, which says it will mine as much as 500,000 metric tons of copper next
    year -- about a third of Congo’s production -- was unable to talk the president
    down, the people said, asking not to be identified because the meeting was
    private.

    Glencore, Randgold, Ivanhoe and China Moly, which runs the Tenke Fungurume
    copper-cobalt mine, declined to comment. Simon Tuma-Waku, vice president of
    Congo’s chamber of mines, said the business federation would react after Kabila
    promulgates the law.

    The instant application of the new measures appears to have come as a surprise
    to Congo’s mining industry. The tax increases “can in no way affect the current
    titleholders before the expiry of a 10-year period from the planned revision,”
    according to a statement published by Glencore, Randgold, Ivanhoe and MMG Ltd.
    on Dec. 11.
    New Requirements

    Tenke, Congo’s second-biggest copper mine, was acquired by China Moly and a
    Chinese private equity partner last year for $3.8 billion. The project operates
    under a contract that predates the 2002 code and wasn’t previously bound by
    legislative changes, but the new law requires all so-called “mining conventions”
    to comply with its provisions.

    Two previous versions of the law, passed by the National Assembly on Dec. 8 and
    the Senate on Jan. 24, proposed imposing only the new royalty rates from the
    outset, but otherwise retain the decade-long exemptions. The decision to go
    further was taken by a joint committee of both houses of parliament, which was
    convened last week to iron out the divergence between the two documents.

    Peter Grauer, the chairman of Bloomberg LP, is a senior independent
    non-executive director at Glencore.
  7. ubu 6 februari 2018 15:19
    quote:

    smith&jones schreef op 5 februari 2018 23:13:

    Vergeet het maar in Congo, de Grote Uitvreetpartij is begonnen. Helaas ook voor Ivanhoe. (Blij dat ik die een maand terug verkocht heb)

    Dit wordt weer een Zimbabwetje naar Venolezaans voorbeeld a la Zuma.

    S&J.
    Ik ben een beginnend belegger - al vaker gezegd, dus een keer meer of minder doet het hem ook niet - maar ik kan mij niet voorstellen dat met zoveel kobalt in de grond en de noodzaak om nu over te schakelen op elektrisch rijden, dat autoproducenten, laat staan landen als China, zich door Kabila en kornuiten de wet laten voorschrijven. Ik denk dat er een flinke zak geld aan te pas komt, maar dan is Kabila weg en kan er worden gegraven.
  8. ubu 21 februari 2018 08:41
    Apple in Talks to Buy Cobalt Directly From Miners

    www.bloomberg.com/news/articles/2018-...

    "An Apple spokesman declined to comment. Glencore Plc’s Chief Executive Officer Ivan Glasenberg late last year named Apple among several companies the miner was talking to about cobalt, without giving further details."
516 Posts
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