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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Katanga Mining Ltd    KAT   CA4858471077

KATANGA MINING LTD

(KAT)
Delayed Quote. Delayed Toronto Stock Exchange - 04/18 03:51:37 pm
0.475 CAD   -1.04%
04/18GLENCORE : Katanga names Glencore Coal's chief development officer for top job
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04/17KATANGA MINING : Announces Change in CEO Position
AQ
04/17Katanga Mining Names Jeff Gerard CEO
DJ
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Glencore : Katanga names Glencore Coal's chief development officer for top job

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04/18/2019 | 05:06am EDT

(Reuters) - Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow.

The appointment comes less than two months after Glencore, the world's biggest supplier of seaborne coal, said it would limit annual coal production capacity to current levels of about 150 million tonnes after discussion with its investors.

Gerard will take over on May 2 and will also serve as the head of Glencore's assets in the Democratic Republic Of Congo (DRC) and oversee its Mutanda mining operation in the country.

DRC is home to almost 60 percent of the world's supply of cobalt, a mineral expected to be in increasing demand for batteries used in electric vehicles.

Glencore mines about a quarter of the world's cobalt, with most of its output coming from Congo. It plans to ramp up total production of cobalt, mostly from the Katanga and Mutanda mines in DRC, to about 57,000 tonnes in 2019 from 42,200 tonnes last year, the company said in February.

However, a U.S. demand for documents in July related to Glencore's assets in DRC as part of a corruption and money laundering probe had weighed on investor sentiment.

Gallow, who took over as CEO of Katanga in January, had worked for over 12 years in Glencore's African copper operations and played a key role in developing its copper assets in DRC.

(Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)

Stocks treated in this article : Katanga Mining Ltd, Glencore
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Latest news on KATANGA MINING LTD
04/18GLENCORE : Katanga names Glencore Coal's chief development officer for top job
RE
04/17KATANGA MINING : Announces Change in CEO Position
AQ
04/17Katanga Mining Names Jeff Gerard CEO
DJ
04/16KATANGA MINING : Announces Limited Resumption of Cobalt Exports
AQ
04/15Glencore Subsidiary to Resume Cobalt Exports From Congo
DJ
04/15KATANGA MINING : Announces Limited Resumption of Cobalt Exports
AQ
03/02KATANGA MINING : Q4 loss on suspended cobalt sales, higher costs
AQ
02/22KATANGA MINING : Suspended cobalt sales, higher costs fuel Katangas Q4 loss
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02/20KATANGA MINING : Announces 2018 Fourth Quarter and Year End Financial Results
AQ
02/01GLENCORE : keeps 2019 guidance after copper, cobalt output jumps
RE
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Technical analysis trends KATANGA MINING LTD
Short TermMid-TermLong Term
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Income Statement Evolution
Managers
NameTitle
Danny Callow Chief Executive Officer & Director
Eric Hugh John Stoyell Independent Non-Executive Chairman
Samuel Rasmussen Chief Operating Officer
Paul Smith Chief Financial Officer
Robert G. Wardell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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KGHM POLSKA MIEDZ SA21.82%5 632
INMET MINING CORP0.00%3 506