Third-quarter production at Katanga up 64%

Glencore unit Katanga Mining, which produces copper in the Democratic Republic of Congo, on Friday reported a slight dip in third-quarter profit to $20.6-million, impacted by an unrealised mark to market adjustment. Production surged 64% to 53...

Glencore's Katanga names new chief executive

Democratic Republic of Congo-focused Katanga Mining has promoted COO Jeffrey Best as CEO, after incumbent John Ross last month resigned. The copper and cobalt producer said on Thursday Ross would remain available to assist Best in the transition.

Katanga reports Q4 profit as output ramps up

TSX-listed Katanga Mining earned $15,3-million in the fourth quarter of 2009, compared with a net loss of $12,6-million in the third quarter, the copper- and cobalt-miner announced on Monday. Shares in the company jumped more than ten percent on...

Katanga names CEO

TSX-listed Katanga Mining has appointed COO John Ross to the position of CEO, effective January 4. Ross replaces Steven Isaacs who stepped into the post on an interim basis in October, following the resignation four months earlier of Arthur Ditto.