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

KATANGA MINING LIMITED

(KAT)
  Report
End-of-day quote. End-of-day quote Toronto Stock Exchange - 06/05
0.155 CAD   0.00%
07/15Congo gives mines month to end COVID restrictions
RE
07/07Glencore copper mine in Congo says six workers have coronavirus
RE
06/03KATANGA MINING : Completes Amalgamation Transaction
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 PLC -0.60% 172.1 Delayed Quote.-26.43%
GLENCORE PLC -2.81% 37.37 End-of-day quote.-13.85%
KATANGA MINING LIMITED 0.00% 0.155 End-of-day quote.19.23%
SILVER -2.38% 24.4177 Delayed Quote.49.90%
SWISS RE LTD -0.80% 69.04 Delayed Quote.-35.97%
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All news about KATANGA MINING LIMITED
07/15Congo gives mines month to end COVID restrictions
RE
07/07Glencore copper mine in Congo says six workers have coronavirus
RE
06/03KATANGA MINING : Completes Amalgamation Transaction
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06/02KATANGA MINING : Announces Voting Results of Special Meeting
AQ
05/13KATANGA MINING : Postponing the Filing of Its 2020 First Quarter Financial Resul..
AQ
05/13Disruptions to copper operations from coronavirus outbreak
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04/22Glencore's Congo unit Katanga Mining to go private, warns of possible COVID-1..
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04/22Glencore to take Congo subsidiary Katanga Mining private
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More news
Financials (USD)
Sales 2019 1 386 M - -
Net income 2019 -770 M - -
Net Debt 2019 2 069 M - -
P/E ratio 2019 -0,68x
Yield 2019 -
Capitalization 7 065 M 6 984 M -
EV / Sales 2018 5,89x
EV / Sales 2019 5,91x
Nbr of Employees 4 457
Free-Float 0,54%
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Income Statement Evolution
Managers
NameTitle
Mark E. Davis Chief Executive Officer & Director
Eric Hugh John Stoyell Independent Non-Executive Chairman
Samuel Rasmussen Chief Operating Officer
Paul N. Smith Chief Financial Officer
Robert G. Wardell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
KATANGA MINING LIMITED19.23%6 984
ANTOFAGASTA PLC15.13%13 310
FIRST QUANTUM MINERALS1.21%7 543
KGHM POLSKA MIEDZ S.A.33.50%6 660
VEDANTA LIMITED-16.60%6 487
YUNNAN COPPER CO., LTD.12.96%3 854