Katanga Announces Financial Results for Q1 2012

Katanga Mining Limited (TSX:KAT) announced its first quarter 2012 financial report.

As quoted in the press release:

  • Cobalt produced totalled 593 tonnes for Q1 2012.
  • Copper and cobalt production were adversely affected due to general power disruptions in the DRC. Improvements in infrastructure as a result of the Power Project are expected to improve the reliability and stability of electricity supplies generally.

Click here for the Katanga Mining Limited (TSX:KAT) press release.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with Formation Metals to get their latest news instantly.

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