Last C$0.28 CAD
Change Today -0.025 / -8.33%
Volume 334.7K
KAT On Other Exchanges
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As of 4:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

katanga mining ltd (KAT) Snapshot

Open
C$0.30
Previous Close
C$0.30
Day High
C$0.30
Day Low
C$0.28
52 Week High
07/28/14 - C$0.54
52 Week Low
01/14/15 - C$0.26
Market Cap
524.5M
Average Volume 10 Days
100.4K
EPS TTM
C$0.06
Shares Outstanding
1.9B
EX-Date
--
P/E TM
3.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for KATANGA MINING LTD (KAT)

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katanga mining ltd (KAT) Details

Katanga Mining Limited, through its subsidiaries, is engaged in the copper and cobalt mining and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant. The company is headquartered in Zug, Switzerland. Katanga Mining Limited is a subsidiary of Glencore Xstrata plc.

4,370 Employees
Last Reported Date: 03/3/14

katanga mining ltd (KAT) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $777.2K
Chief Financial Officer
Total Annual Compensation: $61.9K
Project Director of Energy
Total Annual Compensation: $481.1K
General Manager of Kamoto Concentrator
Total Annual Compensation: $388.0K
General Manager of Luilu Refinery
Total Annual Compensation: $364.2K
Compensation as of Fiscal Year 2013.

katanga mining ltd (KAT) Key Developments

Katanga Mining Ltd. Announces Executive Changes

Katanga Mining Limited announced that Mr. Johnny Blizzard has been appointed as the new Chief Operating Officer of the company, effective immediately. He succeeds Mr. Don Peterson, who has held the position on an interim basis after the departure of Mr. Richmond Fenn, who will now focus again on his primary role as head of the company's mining operations. Mr. Blizzard has 26 years of experience in the mining industry, his last appointment as Director of Operations at Kinross Tasiast Gold Mine in Mauritania, Africa. Previously, he has worked in different positions in Brazil, Chile and the United States.

Katanga Mining Limited Announces Execution of Extended and Increased Loan Facilities

Katanga Mining Limited announced the execution of its extended and increased loan facilities with Glencore Finance (Bermuda) Limited. The first of the amended facilities is an extension of the existing term loan facility agreement between, among others, Katanga, as borrower, and Glencore Finance (Bermuda) Limited, as lender, which was used to fund in substantial part the redemption of Katanga's CAD 125 million 14% debentures on December 30, 2011. The final maturity date of the term loan has been extended to January 1, 2021. All other material terms of the term loan remain the same. The second of the amended facilities is an increase and extension of the existing senior secured credit facility agreement between, among others, a Katanga subsidiary, as borrower, Katanga and other Katanga subsidiaries as guarantors, and Glencore Finance (Bermuda) Limited, as lender. The senior facility has been increased to USD 2,973.0 million. This amount includes the existing USD 515.5 million senior facility (plus accrued interest thereon) and all outstanding Glencore International AG prepayments to Katanga's subsidiary, Kamoto Copper Company SA plus accumulated interest thereon. Included in the total amount of the amended senior facility is further funding of up to USD 50.0 million intended to be made available according to cash flow requirements of KCC based on the approved budgets for the Phase 5 expansion and the Power Project (as amended from time to time in agreement with Glencore). The maturity of the senior facility has been extended to January 1, 2021. All other material terms of the senior facility remain the same. The drawdown of the increased senior facility remains subject to the satisfaction of certain conditions precedent.

Katanga Mining Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Katanga Mining Ltd. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total sales were $300.5 million, a 42% increase over third quarter of 2013. Net income attributable to shareholders was $38.6 million, a decrease of $4.0 million from third quarter of 2013. Cash inflows from operating activities (excluding customer prepayments funded through the Amended Loan Facilities) were $72.9 million higher in third quarter of 2014 when compared with the same period a year ago. For the nine months, the company reported total sales were $815.6 million, a 35% increase over the same period a year ago. Net income attributable to shareholders was $116.5 million, an increase of $29.3 million from the same period a year ago. Cash inflows from operating activities (excluding customer prepayments funded through the Amended Loan Facilities) were $234.9 million higher in the nine months of 2014, when compared with the same period a year ago.

 

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