Glencore Subsidiary to Resume Cobalt Exports From Congo

Date : 04/15/2019 @ 3:18PM
Source : Dow Jones News
Stock : Katanga Mining Ltd (KAT)
Quote : 0.115  0.0 (0.00%) @ 4:44PM
Katanga Mining share price Chart

Glencore Subsidiary to Resume Cobalt Exports From Congo

Glencore (LSE:GLEN)
Historical Stock Chart

1 Year : From Nov 2018 to Nov 2019

Click Here for more Glencore Charts.

By Adam Clark

 

Glencore PLC's (GLEN.LN) majority-owned subsidiary Katanga Mining Ltd. (KAT.T) said Monday that it has resumed limited cobalt exports from the Congo after a halt late last year due to unacceptably high levels of uranium.

Katanga's local subsidiary has produced around 930 metric tons of cobalt since January that complies with regulatory requirements. This represents around 23% of the total cobalt production over the same time, Katanga said.

Exports of the cobalt-hydroxide concentrate that meets regulatory requirements will resume immediately while Katanga works on an ion-exchange plant to provide a long-term solution to the uranium issue.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

April 15, 2019 11:03 ET (15:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest TSX:KAT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
TSX
BCE
BCE Inc
TSX
IVN
Ivanhoe Mi..
FX
CADUSD
Canadian D..
USOTC
XUII
Xumanii In..
FX
EURCAD
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:ca D:20191122 17:28:09