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.
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 FCO to get their latest news instantly.