Katanga will ramp up DRC project faster than planned

TSX-listed Katanga Mining will accelerate the ramp up of its project in the Democratic Republic of Congo (DRC), the firm announced on Tuesday. The ramp up, to 150 000 t/y of copper and 8 000 t/y of cobalt, will now be completed by mid-2011,...

Katanga to buy mine operator Kamoto

TSX-listed Katanga Mining has agreed to buy Kamoto Operating Limited (KOL), which is the operator of Katanga's Komoto copper assets in the Democratic Republic of Congo. KOL is owned by Wayland Management, an entity “connected” with DRC mining...

Katanga posts Q2 loss, refurbishment on track

TSX-listed Katanga Mining on Friday posted a second quarter net loss of $57,5-million, compared with a $9,9-million loss in the same period last year. Sales for the quarter were $62,3-million, comprising $47,9-million for copper cathode,...