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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 - 06/17 03:56:08 pm
0.345 CAD   --.--%
05/16Katanga Mining Received Debt Help Proposal From Glencore
DJ
05/15KATANGA MINING : Announces 2019 First Quarter Financial Results
AQ
05/02KATANGA MINING : Announces Election of Directors
AQ
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Katanga Mining Received Debt Help Proposal From Glencore

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05/16/2019 | 08:40am EDT

By Oliver Griffin

Canadian mining company Katanga Mining has been approached by Anglo-Swiss miner and commodities trader Glencore, which owns 86% of Katanga, over its indebtedness.

At Dec. 31, Katanga owed interest of $452.8 million to Glencore under existing loan agreements. The Canadian company said Wednesday that Glencore has submitted a proposal designed to address this debt and that Katanga has formed a special committee of independent directors, which has retained advisors, to facilitate talks.

Katanga said Glencore has agreed to provide the financial support it needs to help it pay its debts when they are due in the 12-month period from the date of approval of Katanga's first-quarter results.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE -0.75% 270 Delayed Quote.-7.33%
GLENCORE PLC -1.52% 50.55 End-of-day quote.-3.03%
KATANGA MINING LTD 0.00% 0.345 Delayed Quote.-33.65%
SILVER 0.06% 14.835 Delayed Quote.-4.08%
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Latest news on KATANGA MINING LTD
05/16Katanga Mining Received Debt Help Proposal From Glencore
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05/15KATANGA MINING : Announces 2019 First Quarter Financial Results
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05/02KATANGA MINING : Announces Election of Directors
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04/29KATANGA MINING : Announces 2019 First Quarter Production Results
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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
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04/17Katanga Mining Names Jeff Gerard CEO
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04/16KATANGA MINING : Announces Limited Resumption of Cobalt Exports
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04/15Glencore Subsidiary to Resume Cobalt Exports From Congo
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04/15KATANGA MINING : Announces Limited Resumption of Cobalt Exports
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Technical analysis trends KATANGA MINING LTD
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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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