Katanga Appoints New CEO, CFO After Agreement with Glencore

Katanga Mining (TSX:KAT) has announced that the company has entered into a management services agreement with Glencore International AG (GIAG).

Katanga said it has entered into the management services agreement “to better reflect the integrated nature of Katanga’s and GIAG`s businesses and enhance existing controls.”

“Pursuant to the management services agreement, GIAG will make personnel of GIAG available to Katanga, and will provide to Katanga administrative, financial and other management services to manage and support the operations of Katanga and its subsidiaries and to support Katanga’s governance and reporting to the board and Katanga’s shareholders.”

The company also announced that Danny Callow had been appointed CEO and Paul Smith has been appointed CFO.

Click here to read the full Katanga Mining (TSX:KAT) press release.