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Katanga Mining Announces 2017 Fourth Quarter and Year End Financial Results
Apr. 03, 2018 08:59AM PST
Base Metals Investing Katanga Mining Limited (TSX: KAT) (“Katanga” or the “Company”) today announces its financial results for the fourth quarter and 2017 fiscal year. As quoted in the press release: Commissioning and resumption of production On September 11, 2015 the Company announced the decision to suspend the processing of copper and cobalt during the construction phases of the whole …
Katanga Mining Limited (TSX: KAT) (“Katanga” or the “Company”) today announces its financial results for the fourth quarter and 2017 fiscal year.
As quoted in the press release:
Commissioning and resumption of production
On September 11, 2015 the Company announced the decision to suspend the processing of copper and cobalt during the construction phases of the whole ore leach project (“WOL Project”). The suspension continued through 2017 with copper production resuming on December 11, 2017;
Commissioning of phase 1 of the WOL Project was completed in November 2017 and the first copper cathode was produced on December 11, 2017;
Phase 2 construction activities of the WOL Project have continued and are progressing according to the 2018 project execution plan. Full commissioning of the WOL Project is expected in Q4 2018; and
Mining operations continued during 2017 at the KOV open pit mine (“KOV Open Pit”) and Mashamba East open pit mine, still focusing on waste stripping.
