Katanga Mining’s DRC Production Drops Due to Power Outages

Mining Weekly reported that Katanga Mining’s DRC production has been seriously hampered by a series of power outages.

As quoted in the market report:

Despite the power availability issues, copper produced in metal and concentrate for 2012 totalled a record 92 963 t, an increase of 2% when compared with 2011. Cobalt production totalled 2 129 t in the year, a decrease of 13% compared with 2011.

To view the whole Mining Weekly report, click here.

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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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