Katanga Mining Ceo

Katanga’s obligations in this respect will terminate upon the Project achieving a production rate of 150,000tCu/year. In addition, the Company has a phased, earn-in agreement to acquire up to 80% ownership of. Glencore Plc’s head of copper and two other executives stepped down as directors of the trader’s Congolese copper and cobalt unit, Katanga Mining Ltd. May 5, 2020; A brave new world for the DRC May 5, 2020; How Swiss cobalt traders are trying to prevent child labour May 5, 2020; First Cobalt to produce battery-grade by year-end May 4, 2020; Sponsored content. Katanga Mining THE recovery of Glencore’s African Copper business was on track, said the Financial Times citing the Swiss firm’s fourth quarter production results published today. JOHANNESBURG (Reuters) - Glencore is taking its Toronto-listed Congo unit Katanga Mining private, the subsidiary said on Wednesday, citing limited trading liquidity and the costs of a stock exchange listing as reasons for the decision. Katanga is listed on the Toronto Stock Exchange under the symbol KAT. Blizzard is the current CEO and a director of Katanga. See the complete profile on LinkedIn and discover Peter’s connections and jobs at similar companies. ZUG, Katanga Mining Ltd. Copper and cobalt producer Katanga Mining has appointed Mark Davis as its chief executive officer, effective November 19, replacing Jeff Gerard. 2019 to the quarter that ended in Dec. ZUG, Switzerland , April 17, 2019 /CNW/ - Katanga Mining Limited (KAT. , Joel Shaffer (Toronto), (416) 649-8006, [email protected] Blizzard first joined Katanga as its. Operations Manager | Southern Africa | $200,000 + Excellent Benefits. Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces that it has entered into a definitive agreement (the "Acquisition Agreement") with Glencore International AG ("GIAG. Biodiversity, in DRC-Katanga. Katanga Mining announces change in CEO position. Occupational Health and Safety Officer at Namoya Mining SA/Banro Corporation. Katanga Mining Enters into Management Services Agreement with Glencore International AG and Appoints New Chief Executive Officer and Chief Financial Officer Most computers will open PDF documents automatically, but you may need to download Adobe Reader. Glencore’s Katanga Mining (TSX: KAT) shares remain near a 52-week low of C11c as the company provided an update on its progress in the Democratic Republic of Congo and its OSC settlement. Katanga Mining Provides Operational Update Dec 16 2019; Katanga Mining Announces Change in CEO Position Nov 20 2019; Katanga Mining Announces that it has Obtained Receipt for Final Prospectus for Rights Offering Backstopped by Glencore to Fund Debt Repayment Nov 18 2019; Katanga Mining Announces 2019 Third Quarter Financial Results Nov 07 2019. (OTC:KATFF) has 0 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Blizzard is the current CEO and a director of Katanga. Davis was designated to act as CEO by Glencore International pursuant to the management services agreement between the company and Glencore entered into in January 2019. Our joint ventures with Shandong Gold and Zijin Mining are opening up new sources of capital, technical expertise, and geopolitical standing. Katanga’s CEO Johnny Blizzard also resigned from the firm last week as per the earlier settlement agreement with the Ontario Securities Commission. ZUG, Switzerland , Nov. In February, Glencore cut ties with Gertler and bought out his stake in Katanga. He was head of Africa copper operations at Glencore, a position he had held since January 1, 2015. Tuma-Waku was formerly CEO of Congo Railways Solutions and Executive Chairman of Kamoto Copper Company (KCC), a division of Katanga Mining Limited (KML). "The slow-down in the global economy has depressed metal prices and the advent of the Coronavirus (COVID-19) has also worsened this, bringing many countries into a negative growth and some in recession," Dr Harwood, who is also an. in which Katanga Mining held 75%, with Gécamines holding the remaining 25%. Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga's and Glencore International's businesses and. The board of directors has approved Mr Jeff Gerard's appointment to the CEO position. 3, 2020 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provides an update on its major projects and announces its 2019 fourth quarter. The Ontario Securities Commission approved Tuesday a $30 million settlement with Katanga Mining over the company's misrepresentation of the risks of operating in the Democratic Republic of Congo. later becoming CFO of Katanga Mining, based in Johannesburg. , a subsidiary of Anglo-Swiss commodities and mining conglomerate Glencore PLC, is expected to settle serious allegations — including making misleading statements and failing. UPDATE 1-Katanga CEO quits, Glencore to name replacement. Prior to joining Katanga, he was the Executive General. Share this article. Katanga, which operates cobalt and copper mines in Democratic Republic Three Glencore Plc executives, including the head of its copper group, have stepped down from the board of subsidiary Katanga Mining Ltd after an internal review identified weaknesses in its financial reporting controls, Katanga says. “The team at Katanga continues to do everything possible to locate our missing colleagues. Free forex prices, toplists, indices and lots more. Katanga Mining Limited today announces the resignation of Mr. Davis was designated to act as CEO by Glencore International AG ("Glencore") pursuant to the management services agreement between the. Katanga Mining Announces Change in CEO Position ZUG, Switzerland, Nov. April 17, 2019. 6 Billion Rights Offering to. 1 million in 2019 from $13. Katanga Mining Limited (TSX:KAT) announced the appointment of Jeff Best as COO. Katanga Mining is a mineral exploration company that engages in the production, exploration and development of copper-cobalt properties. Katanga Mining (KAT) share price, charts, trades & the UK's most popular discussion forums. Katanga Mining Limited announces today that it has completed its previously announced CDN$7,678,388,000 offering (the "Rights Offering") of rights ("Rights") to purchase common shares of the. com 11:56 22-Apr-20 Glencore could reopen Mopani copper mine; CEO released from detention Metal Bulletin 16:23 21-Apr-20. The reason for the proposed dissolution of the company was the considerable amount of debt that KCC held on its balance sheet, which was. katanga cops $22m+ penalties for drc disclosure failures Disclosure failures and other breaches of Canada’s securities regulations will cost Glencore-owned Katanga Mining $22M+, its CEO his job an 6 other execs/directors further fines. Aug 24 (Reuters) - Glencore Plc * CEO says will look at selling gold assets given higher gold price * CEO says intending to bring Katanga back into production in early 2018 Further company coverage:. Glencore’s commitment to the transition to a low-carbon econ Preliminary Results 2019. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies. According to Global 17 CEO, Jason McCoy, rare earth sampling from select parts of the circa 3,000 acre rare earth element mine in southern Illinois is complete. According to the Zambia Mining Cadastre Portal Mopani Copper Mines licence number 7625-HQ-LML for it's Nkana business unit was issued in 2005 and was expected to expire on March 30, 2025, while the Mopani Copper Mine licence number 7073-HQ-LML operating from Mufulira was issued on March 31, 2000 with a 25 year lifespan. By Josh Beckerman. Katanga Mining was founded in 1996. Katanga Mining Announces Change in CEO Position News provided by. The board of directors has approved Mr. About Katanga Mining Limited Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. Base Metals Katanga Mining to continue streamlining projects at KCC in 2020. On Thursday, the company confirmed Gerard’s appointment, following the signing of a management services agreement between Katanga and Glencore in January, to better reflect the integrated nature of Katanga’s and Glencore’s businesses and. Katanga Mining ( TSE:KAT ) fell in Tuesday’s trading after the operator of a major mine complex in Congo said it has started a review of its business, pointing to commodity-market conditions. CA, an investment chat community for Canada's small cap markets. Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. Read More. Katanga Mining Names Jeff Gerard CEO | MarketScreener. Concentrator Operations Manager at Katanga Mining CEO and Managing Director Kamoto Copper Company. 29 I first wrote about Katanga Mining back on January 1, 2017, when the stock was largely unknown to many investors and trading at just CAD 0. Katanga Mining Enters into Management Services Agreement with Glencore International AG and Appoints New Chief Executive Officer and Chief Financial Officer Most computers will open PDF documents automatically, but you may need to download Adobe Reader. Dec 18 2018 — Ian Bickis, The Canadian Press — The Canadian Press — TORONTO — Katanga Mining Ltd. The individuals, including Katanga’s CEO Johnny Blizzard, settled with with Canada’s largest capital markets regulator on a range of breaches of securities laws governing financial statements and. Copper mining in the Democratic Republic of the Congo mainly takes place in the Copper Belt of the southern Katanga Province of the Democratic Republic of the. According to the Zambia Mining Cadastre Portal Mopani Copper Mines licence number 7625-HQ-LML for it's Nkana business unit was issued in 2005 and was expected to expire on March 30, 2025, while the Mopani Copper Mine licence number 7073-HQ-LML operating from Mufulira was issued on March 31, 2000 with a 25 year lifespan. 00% in the coming year, from C$0. Gold production will increase to over 500,000 ounces per year in 2021/2022. Find out more about us in the company profile. The stock had previously closed at C$0. Katanga Mining Limited (TSX: KAT) announces its 2019 first quarter financial results. Jeff Gerard from Glencore International has been appointed the new CEO of Glencore subsidiary, Katanga Mining. Real-time discussion about Katanga Mining Limited (KATFF) on CEO. 7M to minority shareholders. View Mbay Nduw Dodo’s profile on LinkedIn, the world's largest professional community. Multinational commodities trader and mining company Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo (DRC), announced. Barrick has developed a distinctive and strategic partnership with China and its best companies. The company has the potential to become Africa’s largest copper producer and the world’s largest cobalt producer, with a targeted annual output of over 300,000 t of refined copper and over 30,000 t of refined cobalt by 2011. Katanga Mining Ltd, côtée à la bourse de Toronto, a trouvé les 150 millions US$ nécessaires à la dernière phase de ses investissements : elle a conclu un prêt d'un an, convertible en actions, avec Glencore (Suisse), accompagné d'un accord exclusif de commercialisation de 10 ans. Katanga Mining division, a subsidiary of mining giant Glencore and some of its past and present managers, have agreed to pay $22 million fine to Canada’s biggest stock market regulator. Steven Isaacs, Interim CEO, Katanga said: “This is an historic milestone for the Company and we are pleased that after considerable effort, together with our partners Gécamines, we are able to make this announcement today. The agreement was signed by ALROSA Deputy CEO Vladimir Marchenko and ZCDC Non-Executive Board Chairman Killian Ukama. Glencore owns 99. Katanga is majority owned and controlled by Glencore. TO) ("Katanga" or the "Company") today announces the resignation of Mr. com) Glencore's Katanga Mining sent 350 workers to be repatriated this week after the See more » Stay up-to-date with the latest news on Glencore. com - April 17 (Reuters) - Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal’s chief development officer Jeff Gerard to the top job, taking over from Danny Callow. Danny Callow as Chief Executive Officer of the Company. He was head of Africa copper operations at Glencore, a position he had held since January 1, 2015. Boss Mining is a copper cathode & cobalt concentrate producer whose operations were put on care and maintenance in 2019. Katanga is a majority-owned unit of Glencore Plc (GLEN. Reuters India provides latest news & articles on stock market quotes, online stock quotes, India. The African company restated financial statements and is under investigation by Canadian regulators for its. the Market. Read more at Katanga Mining Announces 2018 Fourth Quarter and Year End Financial Results. The plant would be used to power the country's mining firms, particularly in the Katanga region, which have been buying power from Zambia for production. – The Company will continue to focus on its mining operations at the Kamoto Underground Mine, the T-17 open pit and the Kamoto Concentrator. Gerard is joining Katanga from Glencore Coal, where he has been chief development officer. ZUG, SWITZERLAND, November 20, 2019 - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces that the board of directors has approved the appointment of Mr. Jeff Gerard's appointment to the CEO position by Glencore International AG, effective May 2, 2019, pursuant to the management services agreement between the Company and Glencore entered into in January 2019. ZUG, Switzerland, Nov. Leading Katanga Mining Limited as the CEO, Johnny Blizzard took the company to a valuation of CA$5. 22 will receive a right per share entitling them to buy up to 31 common additional shares at 12. “The team at Katanga continues to do everything possible to locate our missing colleagues. See the complete profile on LinkedIn and discover SYLVESTER'S connections and jobs at similar companies. Katanga Mining is a Public company that was founded in Zug, Zug in 1996. In the settlement, the company agreed it overstated copper stores and production and misstated its financial position and the results of its operations. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Sep 2011 - Jan 2015 3 years 5 months. Jeff’s move to the African copper/cobalt producer comes soon after Glencore International signed a managed services agreement with Katanga. Katanga Mining Ltd. Danny Callow as Chief Executive Officer of the Company. ZUG, Switzerland, April 22, 2020 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") announces that it has entered into a definitive agreement (the "Acquisition Agreement") with Glencore International AG ("GIAG") pursuant to which the Company would be taken private by way of an amalgamation (the "Amalgamation") of the Company with 836074 Yukon Inc. Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga's and Glencore International's businesses and. In other words, Congo sacrificed hundreds of millions of dollars – and helped Glencore save a ton of money. Glencore CEO Ivan Glasenberg describes a $1. “For the past 5 years, the Katanga Mining Week has been the only international event for mining operations in DRC’s copper sector that concentrates onRead More. Katanga Mining Announces Suspension of Copper and Cobalt Processing Facebook LinkedIn Twitter Google+ Reddit Email CEO, Tel: +41 (041) 766 71 10; Matthew Colwill, CFO, Tel:+41 (041) 766 71. Best was the Chief Executive Officer ("CEO") and a director of Katanga from September 2011 to February 2015. ZUG, Switzerland, Nov. HAPI was also CEO of HENNER Africa, a subsidiary dedicated to the development of African markets. ZUG, Switzerland, Nov. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. The mining company said Mr. ZUG, Switzerland, Apr 17, 2019 (Canada NewsWire via COMTEX) -- Katanga Mining Limited (KAT) ("Katanga" or the "Company") today announces the resignation of Mr. Davis was designated to act as CEO by Glencore International AG pursuant to the management services agreement between the company and Glencore entered into in January. Blizzard is the current CEO and a director of Katanga. gold per year since 2012. TSX-listed Katanga Mining has approved the appointment of Mark Davis to the position of CEO of the company, effective as of November 19, 2019. Glencore Coal chief development officer named Katanga CEO. Best first joined Katanga as its Chief Operating Officer ("COO") in May 2011. Leading Katanga Mining Limited as the CEO, Johnny Blizzard took the company to a valuation of CA$5. 2019 was $414 Mil. Chief Operating OfficerAfrican Gold Group Inc (AGG)August 2019 – Present 2 months Maki and West Africa. (6) Johnny Blizzard 22. In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value. T) on Wednesday named Mark Davis chief executive officer. agreed to a recapitalization plan involving a US$5. Katanga Mining Limited (TSX: KAT) announces its 2019 first quarter financial results. Danny Callow as Chief Executive Officer of the Company. The market news is quoted as saying: The copper and cobalt producer said on Thursday [former CEO] Ross would. 3, 2020 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provides an update on its major projects and announces its 2019 fourth quarter. The reason for the proposed dissolution of the company was the considerable amount of debt that KCC held on its balance sheet, which was required to be recapitalised under DRC law…. Katanga Mining Ltd (KAT. Mauritius, Port Louis, Port Louis. SYLVESTER has 3 jobs listed on their profile. The following companies in the "copper" industry are considered alternatives and competitors to Lundin Mining. Katanga Mining Limited (TSX:KAT) announced the appointment of Jeff Best as COO. A distinctive partnership with China. Cobalt production was forecast at 11,000 tonnes in 2018 and 34,000 tonnes the following year. za and at Luano www. Blizzard is the current CEO and a director of Katanga. Unfortunately, you don't own enough credit to see this new org chart. Russia "sincerely hopes" that a consensus on oil-output cuts will be formalized among the world's biggest producers as talks to rescue global energy markets continue after Mexico balked at proposed measures, Interfax reports, citing Kremlin spokesman Dmitry Peskov. November 20, 2019. 6 Billion Rights Offering to. The board of directors has approved Mr. Glencore at a loss over DRC scandal Precisely what motivated directors at Katanga Mining to overstate production and misrepresent financial statements is "hard to understand", Glencore CEO. KATANGA MINING SERVICES (SOUTH AFRICA) (PTY) LTD has 250 total employees across all of its locations and generates 0 million in sales (USD). Production at Katanga, in the Democratic Republic of Congo (DRC), increased 11% in three months ended December to 65,400 tons. , its chief executive officer and a number of former officers and directors admitted they broke. The Company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. ZUG, SWITZERLAND, November 20, 2019 – Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces that the board of directors has approved the appointment of Mr. Brett's other publicly listed experience was in senior executive positions with Kinross Gold and Co-Steel Inc. in Jun 2019. ZUG, Switzerland , May 15, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces its 2019 first quarter financial results. Davis also assumes Gerard's seat on the company's board of directors, the company said. 18 in front of Canada’s largest capital markets. Arthur H Ditto is Former Chairman/President/CEO at Katanga Mining Ltd. Katanga Mining announces change in CEO position. ZUG, Switzerland, April 17, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces the resignation of Mr. 09) per share. The individuals, including Katanga’s CEO Johnny Blizzard, settled with with Canada’s largest capital markets regulator on a range of breaches of securities laws governing financial statements and. Advertisement The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014. Jeff Gerard's appointment to the CEO. The increasing interest in doing business in the DRC was evident at the recent annual Katanga Mining Briefing and iPAD* DRC which gathered more than 800 participants in the capital of Kinshasa and the prominent mining hub Lubumbashi, with attendees that included regional and national government leaders, sector specialists and international mining houses. 2019-04-17 reuters. Katanga Mining Limited has announced the appointment of Mr. Katanga Mining Announces Change In CEO Position. The African company restated financial statements and is under investigation by Canadian regulators for its. BRIEF-Katanga Mining Enters Into Management Services Agreement With Glencore International AG And Appoints New CEO And CFO 1 Min Read Jan 17 (Reuters) - Katanga Mining Ltd:. 4-million in OSC settlement over misleading disclosures Niall McGee Mining reporter Published December. After a rough 2019, copper and cobalt junior Katanga Mining Limited filed a prospectus Monday for a rights offering aiming to raise $7. Danny Callow as Chief Executive Officer of the Company. Largest shareholders include. iPAD Katanga Mining Briefing29 October 2010 Conference Program Day 1Friday, 29 October 2010 SESSION 1. Perseus operates two gold mines in West Africa and is developing its third mine. Press statement by Rights and Accountability in Development (RAID) 20 November 2018. Rusoro Mining is a gold producer and explorer, with a large land position in the prolific Bolivar State mining region in southern Venezuela. The African company restated financial statements and is under investigation by Canadian regulators for its. Global miner Glencore designated Davis to act as CEO, pursuant to. Jeff Gerard has been appointed chief executive officer of Katanga Mining, effective May 2, following the resignation of Danny Callow. April 17, 2019: Katanga Mining announces change in CEO position: April 15, 2019: Katanga Mining Announces Limited Resumption of Cobalt Exports: February 20, 2019: Katanga Mining Announces 2018 Fourth Quarter and Year End Financial Results: January 31, 2019: Katanga Mining Provides Update on Major Projects, Announces 2018 Fourth Quarter and Year. Toronto — Glencore-controlled Katanga Mining said on Tuesday it agreed to pay more than $22m to settle Canadian allegations of inadequate historical disclosures of its finances and activities in. China's MMG on Monday said Mining Company Katanga (MCK) has obtained a freezing court order over some assets of its Kinsevere copper mine in Democratic Republic of Congo and is seeking damages of $258-million over a mining services contract. 15 2019: Ronald Handford CEO & Director : Sixty North Gold Mining Ltd. In 2009, the Democratic Republic of the Congo (DRC) had an estimated $24 trillion in untapped mineral deposits, including the world's largest reserves of. Price to Earnings Ratio vs. the Market. See the complete profile on LinkedIn and discover Denis’ connections and jobs at similar companies. Glencore billionaire among Katanga directors banned and fined by Ontario market watchdog The punishment from the OSC is a response to false accounting from Katanga. , after an internal review found "material. About Katanga Mining Limited. CA, an investment chat community for Canada's small cap markets. See the complete profile on LinkedIn and discover Mardus’ connections and jobs at similar companies. and former Mine Manager at Freeport-McMoRan, Inc. In a conference call on April 11, Arthur Ditto, president and CEO of Katanga Mining, said his company was taking a positive view of the contract review process and that the company’s relations with the government were proceeding in a business-like way. TSX-listed Katanga Mining has approved the appointment of Mark Davis to the position of CEO of the company, effective as of November 19, 2019. Katanga Mining's primary competitors are PolyMet Mining , Los Andes Copper & Taseko. Mardus has 7 jobs listed on their profile. TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International's Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. ZUG, Katanga Mining Ltd. Tarachi Gold appoints Lorne Warner as President and CEO; Keyera slashes capital growth budget for 2020; Ovation Science to send DermSafe hand sanitiser to Israel; TSX:NZC NorZinc shifts focus at Prairie Creek Mine; TFI International shows resilience in struggling economy; Katanga's share price doubles on privatisation deal. Katanga Mining (OTCPK:KATFF) - Price = CAD 0. , July 9, 2007 timer 1 min president and CEO of Katanga, said in a release. Davis was designated to act as CEO by Glencore International AG (“Glencore”) pursuant to the management services agreement between the Company and Glencore entered into in January 2019. T) on Wednesday named Mark Davis chief executive officer. Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC). TO), including business summary, industry/sector information, number of employees, corporate governance, key executives and salary information. Very interesting interview with Charles Robertson, Global Chief Economist at Renaissance Capital, discussing why Renaissance Capital and other private equity groups are interested in the DRC again following the December elections, as companies like Katanga Mining/Glencore, China Molybdenum,. com’s full article. Jeff Best, Katanga's chief executive officer until 2015, received $1. Katanga Mining,. april 17 (reuters) - katanga mining ltd: * says ceo danny callow resigned * board of directors has approved jeff gerard’s appointment to ceo position by glencore international ag. As Glencore International, the company was. (6) Johnny Blizzard 22. 22 million) set tlement with the Ontario Securities Commission for its lack of disclosure concerning its dealings with Gertler. Katanga Mining play far from over according to Arthur Ditto, Katanga Mining chairman, president and CEO. Key Updates: Mineral Resources Overall, the measured and indicated mineral resource for Kamoto. ZUG, SWITZERLAND, April 17, 2019 - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces the resignation of Mr. 5mln payment and CEO Blizzard's resignation Glencore’s Katanga Mining Ltd will pay the Ontario Securities Commission (OSC) around $22. Glencore CEO Ivan Glasenberg describes a $1. 46% of its shares. Brett has held positions for private equity shareholders in the past including: CEO of African Thunder Platinum, CEO of Renew Resources, and CEO of Octéa. It produced 25,000 tonnes of metal last year or about 20% of the global total and is expected to be under care and maintenance for two years. Tarachi Gold appoints Lorne Warner as President and CEO; Keyera slashes capital growth budget for 2020; Ovation Science to send DermSafe hand sanitiser to Israel; TSX:NZC NorZinc shifts focus at Prairie Creek Mine; TFI International shows resilience in struggling economy; Katanga's share price doubles on privatisation deal. China's MMG Ltd on Monday said Mining Company Katanga (MCK) has obtained a freezing court order over some assets of its Kinsevere copper mine in Democratic Republic of Congo and is seeking damages. Danny Callow as Chief Executive Officer of the Company. CA, an investment chat community for Canada's small cap markets. About Katanga Mining Limited Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. Katanga said it's now expecting to produce about 235,000 tons of copper this year and about. ZUG, Switzerland, Nov. Group Internal Auditor | Western Europe. Gold production will increase to over 500,000 ounces per year in 2021/2022. Katanga stock soars after bid approach. Katanga, which operates cobalt and copper mines in Democratic Republic Three Glencore Plc executives, including the head of its copper group, have stepped down from the board of subsidiary Katanga Mining Ltd after an internal review identified weaknesses in its financial reporting controls, Katanga says. We Mine For Progress is our sustainability website designed to highlight our people, communities and sustainability performance. Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future. Katanga Mining's CEO, Mark Davis, currently has an approval rating of 90%. KATANGA MINING SERVICES (SOUTH AFRICA) (PTY) LTD has 250 total employees across all of its locations and generates 0 million in sales (USD). Jeff Gerard from Glencore International has been appointed the new CEO of Glencore subsidiary, Katanga Mining. Katanga Mining Ltd. Opportunity to develop a greenfield gold operation in Mali into a large scale long term asset. Moved Permanently. TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International's Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. The Ontario Securities Commission approved Tuesday a $30 million settlement with Katanga Mining over the company's misrepresentation of the risks of operating in the Democratic Republic of Congo. CEO chez GOLDEN CONSULTING CENTER. Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. will pay $30 million to the Ontario Securities Commission (OSC) for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo (DRC) and its reliance on a controversial billionaire businessman. In addition, the Company has a phased, earn-in agreement to acquire up to 80% ownership of. Katanga Mining Ltd. [ May 9, 2020 ] Stantec’s (STN) CEO Gord Johnston on Q1 2020 Results – Earnings Call Transcript Stock News [ May 9, 2020 ] Union opposes reopening U. Davis was designated to act as CEO by Glencore International AG ("Glencore") pursuant to the management services agreement between the Company and Glencore entered into in. View Denis Katanga’s profile on LinkedIn, the world's largest professional community. See China Moly's revenue, employees, and funding info on Owler, the world's largest community-based business insights platform. After a rough 2019, copper and cobalt junior Katanga Mining Limited filed a prospectus Monday for a rights offering aiming to raise $7. November 20, 2019. Danny Callow was named CEO, Katanga said. The reason for the proposed dissolution of the company was the considerable amount of debt that KCC held on its balance sheet, which was. After 15 years with the Standard Bank Group he consulted in project finance, primarily mining projects in Africa. The “geotechnical failure” — or a landslide — occurred on the north wall of the KOV open pit mine, Glencore-owned Katanga said in a statement. Davis was designated to act as CEO by Glencore International AG pursuant to the management services agreement between the company and Glencore entered into in January. 4 May 2020. The revelations focused on Glencore’s 2009 acquisition of Katanga Mining, which owned a huge copper and cobalt operation in Congo. Danny Callow as Chief Executive Officer of the Company. 17 2019: Eric Allison CEO : South Star Mining Corp. Katanga Mining Limited (TSX: KAT) announces the resignation of Mr. Best will be based at the Company’s mine complex in the Democratic Republic of Congo (the “DRC”). Largest shareholders include. Russia "sincerely hopes" that a consensus on oil-output cuts will be formalized among the world's biggest producers as talks to rescue global energy markets continue after Mexico balked at proposed measures, Interfax reports, citing Kremlin spokesman Dmitry Peskov. Nov 2017 – Dec 2019 2 years 2 months. Jeff Gerard has been appointed chief executive officer of Katanga Mining, effective May 2, following the resignation of Danny Callow. Katanga is majority owned and controlled by Glencore. Katanga Mining Limited announces today that it has completed its previously announced CDN$7,678,388,000 offering (the "Rights Offering") of rights ("Rights") to purchase common shares of the. Global miner Glencore designated Davis to act as CEO, pursuant to the management services agreement that the companies entered into in January. , a subsidiary of Anglo-Swiss commodities and mining conglomerate Glencore PLC, is expected to settle serious allegations — including making misleading statements and failing to disclose risks associated with its operations in the Democratic Republic of Congo — at a hearing Dec. Grupo México is the largest mining corporation in Mexico and the third largest copper producer in the world through ASARCO. Katanga Mining Limited has announces that the board of directors has approved the appointment of Mr. Glencore to take Congo subsidiary Katanga Mining private Reuters 15:00 22-Apr-20 Glencore attaches conditions to restarting Mopani operations LusakaTimes. 20, 2019 /CNW/ - Katanga. and former Mine Manager at Freeport-McMoRan, Inc. TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International's Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Danny Callow as Chief Executive Officer of the Company. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Mining Weekly reported that the new CEO of Katanga Mining (TSX:KAT) is Jeffrey Best. Ross is currently COO of Katanga and was identified as “an outstanding candidate” by the board, the company said in a statement today. Gecamines is engaged in the exploration, research, exploitation and production of mineral. The individuals, including Katanga’s CEO Johnny Blizzard, settled with with Canada’s largest capital markets regulator on a range of breaches of securities laws governing financial statements and. Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. (OTC:KATFF) has 0 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). 4-million in OSC settlement over misleading disclosures Niall McGee Mining reporter Published December. Board Appointment. Katanga’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR, www. Mark Davis to the position of Chief Executive Officer of the. Kolwezi Mining Co Company Description Kol Kolwezi Mining Co zi Mining Co, is located in Kolwezi, Western Are, Katanga Copper Crescent , Katanga (Shaba) Province in the Democratic Republic of the Congo, The mine has a good network of infrastructures saved with Kolwezi city with an airport and a railway to Lubumbashi. On November 20, 2018, Katanga Mining Limited announced that it would be restating its financial statements for 2015, 2016 and 2017(Q1). Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. He was an executive at Xstrata PLC before its 2013. 6 billion debt write-off and a $150 million payment to the Congolese state mining company Gécamines. Danny Callow as Chief Executive Officer of the Company. Katanga Mining, …. April 17, 2019. View Charmaine Wolmarans’ profile on LinkedIn, the world's largest professional community. READ: Glencore CEO Glasenberg says he'll stay for 3 to 5 years; The succession will depend in part on how and when Glasenberg leaves. Occupational Health and Safety Officer at Namoya Mining SA/Banro Corporation. Reuters April 12, 2020, 13:02 IST. Similarly, in the Democratic Republic of Congo, Katanga Mining is working in partnership with Regideso – a government water agency – to upgrade a water filtration plant for the city of Kolwezi. Mark Davis to the position of Chief Executive Officer of the Company, effective as of 19, 2019. Katanga Mining Ltd. 1 million in 2019 from $13. Katanga Mining Ltd (TSX:KAT) is a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Duane Wainman Ceo Katanga Carrieres, Democratic Republic Congo Democratic Republic of the Congo 500+ connections. Katanga Mining Limited has announced the appointment of Mr. Glencore's dealings in Nigeria, Venezuela and the Democratic Republic of Congo are under investigation in the US, and that has triggered speculation the CEO may step aside sooner than he has envisaged. (Adds details on outgoing CEO, mines) April 17 (Reuters) - Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job. Katanga Mining Provides an Update on Impact of COVID-19 on Major Projects and Announces 2020 First Quarter Production Results finance. According to Mines Minister Martin Kabwelulu,. Opportunity to develop a greenfield gold operation in Mali into a large scale long term asset. Katanga Mining Limited (TSX: KAT) announces its 2019 first quarter financial results. Real-time discussion about Katanga Mining Ltd (KAT. is a holding company, which engages in mining, processing, and selling of copper and cobalt metal. , its chief executive officer and a number of former officers and directors admitted they broke. TORONTO - A Panel of the Ontario Securities Commission (OSC) today approved a settlement agreement (the settlement) with Katanga Mining Limited (Katanga), former members of its board of directors Aristotelis Mistakidis, Tim Henderson, and Liam Gallagher, former chief financial officers Jacques Lubbe and Matthew Colwill, former director and chief executive officer (CEO) Jeffrey Best, and. Ross is currently COO of Katanga and was identified as "an outstanding candidate" by the board, the company said in a statement today. CA, an investment chat community for Canada's small cap markets. 20, 2019 /CNW/ - Katanga. Brett's other publicly listed experience was in senior executive positions with Kinross Gold and Co-Steel Inc. Katanga’s CEO Johnny Blizzard also resigned from the firm last week as per the earlier settlement agreement with the Ontario Securities Commission. april 17 (reuters) - katanga mining ltd: * says ceo danny callow resigned * board of directors has approved jeff gerard's appointment to ceo position by glencore international ag. 5 million to settle disclosure allegations brought by OSC Seven current and former executives and directors of Katanga, including CEO Johnny Blizzard, settled with with the OSC on. Barron's 4/9/2020 Glencore's Katanga settles with OSC via $22. Katanga Mining Limited (TSX:KAT) announced the appointment of Jeff Best as COO. Glencore Coal chief development officer named Katanga CEO. November 20, 2019. Danny Callow as Chief Executive Officer of the Company. on Thursday said it entered into a management services agreement with Glencore International AG, and named a new chief executive and a new financial chief. , former Chief Executive Officer & Director at Katanga Mining Ltd. , a subsidiary of Anglo-Swiss commodities and mining conglomerate Glencore PLC, is expected to settle serious allegations — including making misleading statements and failing to disclose risks associated with its operations in the Democratic Republic of Congo — at a hearing Dec. View Eric Best's profile on LinkedIn, the world's largest professional community. Subsequently Welgemoed advanced in his career and took on senior financial positions at Katanga Mining Ltd, Solid Doors (Pty) Ltd Manufacturing and Larimar Group (Putco Ltd) respectively. Danny Callow as Chief Executive. 3, 2020 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today provides an update on its major projects and announces its 2019 fourth quarter. Katanga Mining Enters Into Definitive Agreement With Glencore International AG for Going Private Transaction to Be Considered at Telephonic Shareholders Meeting - Canada Newswire , 9:29 AM EDT Katanga Mining Provides an Update on Impact of COVID-19 on Major Projects and Announces 2020 First Quarter Production Results. Katanga Mining Limited today announces the resignation of Mr. Similarly, in the Democratic Republic of Congo, Katanga Mining is working in partnership with Regideso – a government water agency – to upgrade a water filtration plant for the city of Kolwezi. The plant would be used to power the country’s mining firms, particularly in the Katanga region, which have been buying power from Zambia for production. april 17 (reuters) - katanga mining ltd: * says ceo danny callow resigned * board of directors has approved jeff gerard’s appointment to ceo position by glencore international ag. 20, 2019 (Canada NewsWire via COMTEX) -- Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces that the board of directors has approved the. (H Share)Monthly Return of Equity Issuer on Movements in Securities for the Month Ended 31 December 2019. Mistakidis, who is retiring from Glencore at the end of this year, was hit with a $2. View Mbay Nduw Dodo’s profile on LinkedIn, the world's largest professional community. Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga's and Glencore International's businesses and. The resulting website shares information about the industrial mining sector in Katanga, part of a long effort by The Carter Center to gather and disseminate accurate information about the management of natural resources in DRC. Katanga, which operates cobalt and copper mines in Democratic Republic Three Glencore Plc executives, including the head of its copper group, have stepped down from the board of subsidiary Katanga Mining Ltd after an internal review identified weaknesses in its financial reporting controls, Katanga says. in Jun 2019. Johnny Blizzard is the CEO of Katanga Mining Limited (), which has recently grown to a market capitalization of CA$3. As Glencore International, the company was. Shares in AstraZeneca fell more than 5 percent on Thursday after the company declined to deny a media report that Chief Executive Pascal Soriot was about to defect to Israel-based Teva Pharmaceutical Industries. Katanga Mining Announces Change In CEO Position. a high-grade copper and cobalt producer in katanga MUMI comprises the Mutanda and Kansuki concessions in the Katanga province of the Democratic Republic of Congo which were merged in July 2013. The underwriting is effectively a debt for equity swap as Glencore is not putting cash into Katanga Mining. Glencore's subsidiary in the Democratic Republic of Congo, Katanga Mining (TSX:KAT), will temporarily halt cobalt exports from its Kamoto Project after finding high levels of uranium in the ore. Mining for Energy: The DRC’s unlikely power solution. Senior Mine Superintendent at Katanga Mining CEO and Managing Director Kamoto Copper Company. Toronto-listed Katanga Mining, mostly owned by London-listed Glencore produced 17,054 tonnes of cobalt contained in hydroxide last year and sold only 4,257 tonnes over the same period. SANTIAGO, Chile - The world's most controversial mining companies are named -- and shamed -- in a report comparing their performance against U. Production at Katanga, in the Democratic Republic of Congo (DRC), increased 11% in three months ended December to 65,400 tons. The death toll at Glencore's Katanga operations in… First Cobalt pens public letter to eCobalt… Katanga Mining has suspended sales of 1472 tons of… Near-term, Canadian cobalt producer, eCobalt, has… M2 Cobalt shareholders unanimously approve of merger… First Cobalt CEO Trent Mell: The news of uranium in…. Danny Callow as Chief Executive Officer of the Company. Katanga Mining Announces Change in CEO Position News provided by. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining. Randgold Resources Limited CEO Dr Mark Bristow was honoured with a Lifetime Achievement Award at the DRC Mining Industry Awards during a sold-out gala dinner ceremony on Thursday evening in. the Market. On Monday, the Baar, Switzerland-based firm revealed the DRC's government had begun an audit into how radioactive cobalt produced by Katanga Mining, majority owned by Glencore, was exported to. 4bn debt write-off as a 'gift' to the Congolese government. Callow and Smith are being provided to Katanga by GIAG pursuant to the management services agreement. Glencore’s Katanga settles with OSC via $22. Katanga is a majority-owned unit of Glencore Plc (GLEN. 5mln payment and CEO Blizzard's resignation Glencore's Katanga Mining Ltd will pay the Ontario Securities Commission (OSC) around $22. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. T) on Wednesday named Mark Davis chief executive officer. 06 and last traded at C$0. We are in regular contact with the Katanga team and will provide updates as the search progresses. /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") is pleased to announce its ore reserve and mineral resource estimates as at December 31, Katanga Mining Announces Ore. Katanga Mining Ltd. Mr Davis takes over towards the end of what has been a challenging two years for Katanga Mining and Glencore’s wider African Copper unit. ZUG, Switzerland, Nov. The “geotechnical failure” — or a landslide — occurred on the north wall of the KOV open pit mine, Glencore-owned Katanga said in a statement. The company has also confirmed its CEO Johnny Blizzard will resign and leave its board, which includes 3 new directors. Mark Davis to the. According to company sources, Gertler will receive a royalty of about 25 million euros in 2018. Condor Gold is revitalizing the historic La India gold mining district in Nicaragua. China's MMG on Monday said Mining Company Katanga (MCK) has obtained a freezing court order over some assets of its Kinsevere copper mine in Democratic Republic of Congo and is seeking damages of $258-million over a mining services contract. After 15 years with the Standard Bank Group he consulted in project finance, primarily mining projects in Africa. Next, new CEO appointed to Katanga Glencore subsidiary Katanga Mining (TSX: KAT) has made another CEO change as it continues "driving Katanga's business and operations forward". The passage of the chief executive officer's baton at Glencore is more than another corporate transition. Jeff Gerard's appointment to the CEO. Katanga Mining starts review of its business Katanga says the Whole Ore Leach project is on track to be completed by mid-2017. Katanga Mining is pleased to announce its ore reserve and mineral resource estimates as at 31, 2017. ZUG, Switzerland , April 17, 2019 /CNW/ - Katanga Mining Limited (KAT. Nick Brodie is a senior executive with extensive experience in Africa. Glencore majority-owned unit Katanga Mining said Chief Executive Danny Callow has resigned, and will be succeeded by Jeff Gerard, effective May 2. Samsung SDI and Glencore extend their long term strategic co Full Year 2019 Production Report. View Mbay Nduw Dodo’s profile on LinkedIn, the world's largest professional community. Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future. The African company restated financial statements and is under investigation by Canadian regulators for its. Katanga Mining Announces Change in CEO Position ZUG, Switzerland, Nov. 65, a current ratio of 0. LN) majority-owned unit Katanga Mining Ltd. Lundin Mining Corporation (LUNMF) CEO Marie Inkster on Q3 2019 Results - Earnings Call Transcript SA Transcripts • Oct. workers at the Vedanta-controlled Bodai-Daldali bauxite mine in Chhattisgarh, India By Richard Solly, London Mining Network Co-ordinator, with assistance from Richard Harkinson and Rumana Hashem Warning: there follows a pretty exhaustive account of the 2016 Vedanta. T) on Wednesday named Mark Davis chief executive officer. Katanga Mining Limited today announces the resignation of Mr. May 5, 2020; A brave new world for the DRC May 5, 2020; How Swiss cobalt traders are trying to prevent child labour May 5, 2020; First Cobalt to produce battery-grade by year-end May 4, 2020; Sponsored content. Copper and cobalt producer Katanga Mining has appointed Mark Davis as its chief executive officer, effective November 19, replacing Jeff Gerard. Board Appointment. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Katanga mining is a unit of Swiss commodity trader, Glencore, which owns about 86% of the entity. The board of directors has approved Mr. Katanga Mining's liquidation value for the quarter that ended in Dec. KATANGA Mining will withhold payment of $250m for land it agreed to buy from Gecamines in the Democratic Republic of Congo (DRC's) whilst executives at the state-owned firm were being investigated, said Reuters in a report. Katanga Mining Limited has announced the appointment of Mr. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Brodie is a Fellow of the Association of Certified Chartered Accountants and holds a BSc (Hons) Geography. Katanga pays $28. (marketscreener. Advertisement The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014. 22 March 2012. South Africa. Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and. More recently he was Head of Funding for Nikanor PLC prior to its takeover by Katanga Mining Ltd. Steven Isaacs, Interim CEO, Katanga Mining Limited said:. [2] Katanga Mining Limited, the corporate respondent, is a TSX-listed reporting issuer that operates copper and cobalt mining and refinery facilities in the Democratic Republic of the Congo. Danny Callow as Chief Executive Officer of the Company. Perseus operates two gold mines in West Africa and is developing its third mine. These are all the companies that Glencore has acquired. Prior to joining Galane Gold Mr. Katanga Mining - Gross loss increased to $370. Mauritius, Port Louis, Port Louis. The board of directors has approved Mr. ZUG, Katanga Mining Ltd. Rusoro Mining is a gold producer and explorer, with a large land position in the prolific Bolivar State mining region in southern Venezuela. In the settlement, the company. Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining. Katanga is a majority-owned unit of Glencore. Get India stock market quotes, stock quote news india, latest share prices on Reuter India website. Katanga is listed on the Toronto Stock Exchange under the symbol KAT. View Mbay Nduw Dodo’s profile on LinkedIn, the world's largest professional community. Chief Operating OfficerAfrican Gold Group Inc (AGG)August 2019 – Present 2 months Maki and West Africa. Katanga is majority owned and controlled by Glencore. Glencore’s commitment to the transition to a low-carbon econ Preliminary Results 2019. , its chief executive officer and a number of former officers and directors admitted they broke. , Joel Shaffer (Toronto), (416) 649-8006, [email protected] Nick Brodie is a senior executive with extensive experience in Africa. 8 million U. Other Katanga Mining directors including Liam Gallagher and its CEO, Johnny Blizzard, were also sanctioned. The underwriting is effectively a debt for equity swap as Glencore is not putting cash into Katanga Mining. Tiger Resources is a copper producer, developer and explorer operating in the Democratic Republic of Congo. Katanga Mining is a mineral exploration company that engages in the production, exploration and development of copper-cobalt properties. Technical and exploration work has started as part of a feasibility study for the construction of two processing facilities to treat oxide and sulphide ores which are part of business. Katanga Mining, CEO and former insiders to pay $34. Danny Callow as Chief Executive Officer of the Company. 43-101 mineral resource totaling 2. Brett has held positions for private equity shareholders in the past including: CEO of African Thunder Platinum, CEO of Renew Resources, and CEO of Octéa. ” Katanga Mining is 75 per cent Glencore-owned. He previously served as the transition CEO of Roxgold, CEO of Avocet Mining, and was part of the five-person start-up of Katanga Mining. Best first joined Katanga as its Chief Operating Officer ("COO") in May 2011. Katanga’s former Chief Financial Officer Jacques Lubbe gets a $550,000 penalty and four-year ban. Katanga Mining (TSXV:KAT) (OTCPK:KATFF). Glencore International AG to take Katanga Mining private at CDN $0. Johnny Blizzard, CEO of Katanga, commented: “We are very pleased to have met our anticipated budget and timetable for commissioning the first train of our new plant and are optimistic that the tangible improvements from using a whole ore leach processing circuit will be seen in the near future. 83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Vedanta's 2016 AGM: evidence, evasion and arguments. In addition, the Company has a phased, earn-in agreement to acquire up to 80% ownership of. [FEATURE NEWS] South Africa has many “cutting-edge mines” and is a global leader in deep-level mining, says mining industry employers’ organisation Minerals Council South Africa CEO Roger Baxter. 2019 to the quarter that ended in Dec. 46% of its shares. It is the Democratic Republic of the Congo's largest source of export income. On Thursday, the company confirmed Gerard’s appointment, following the signing of a management services agreement between Katanga and Glencore in January, to better reflect the integrated nature of Katanga’s and Glencore’s businesses and. The organisers of the hugely successful iPAD DRC and Katanga Mining Week have announced that the two longstanding mining events in this country are to merge into one strategic show, namely DRC. The board of directors has approved Mr. In 2009, the Democratic Republic of the Congo (DRC) had an estimated $24 trillion in untapped mineral deposits, including the world's largest reserves of. CA, an investment chat community for Canada's small cap markets. Glencore International AG to take Katanga Mining private at CDN $0. View Mateo Hartmann's profile on LinkedIn, the world's largest professional community. T) on Wednesday named Mark Davis chief executive officer. Glencore shut Mutanda last year. Katanga Mining Limited Nov 20, 2019, 09:57 ET. Setup alerts to get notified when latest documents get released. 5% owned by Glencore, said commissioning of its acid plant at KCC had been delayed due to coronavirus outbreak. Global miner Glencore designated Davis to act as CEO, pursuant to the management services agreement that the companies entered into in January. Click for live demo @newswire Katanga Mining Provides an Update on Major Projects and Announces 2019 Fourth. China's MMG Ltd on Monday said Mining Company Katanga (MCK) has obtained a freezing court order over some assets of its Kinsevere copper mine in Democratic Republic of Congo and is seeking damages. The document has moved here. Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining. Katanga Mining Limited (TSE:KAT) announced the appointment of Jeff Best as COO. Police in Lusaka detained Mopani Copper Mines CEO Nathan Bullock after he attempted to leave the country through Kenneth Kaunda International Airport. 20, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces that the board of directors has approved the appointment of Mr. Katanga Mining Ltd (TSX:KAT) is a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Katanga Mining has completed hot commissioning of Phase 2 of the whole-ore leach (WOL) processing facility at its 75% owned Kamoto Copper copper-cobalt mine in the Kolwezi district of Lualaba province, Democratic Republic of the Congo. Ferrocarril Mexicano (Ferromex), the company's rail transport division, operates the nation's largest rail fleet. Katanga Mining Announces Change in CEO Position News provided by. This 50:50 JV is owned by industry recognised Australian mining businesses that bring a depth of technical knowledge, world-class standards and a 20 year history of operating in the continent. ZUG, Switzerland, Feb. Katanga's CEO Johnny Blizzard also resigned from the firm last week as per the earlier settlement agreement with the Ontario Securities Commission. Real-time discussion about Katanga Mining Limited (KATFF) on CEO. Mining for Energy: The DRC’s unlikely power solution. Keep this field blank Arthur Ditto: President and CEO, Katanga Mining Katanga Mining announces a special plan to ward off an apparent attempt at a creeping takeover by London-listed Camec. Soriot, who has led the Anglo-Swedish company since 2012, met with Teva's search committee. Katanga Mining Announces Change in CEO Position Canada NewsWire ZUG, Switzerland, April 17, 2019 ZUG, Switzerland, April 17, 2019 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the. (H Share)Monthly Return of Equity Issuer on Movements in Securities for the Month Ended 31 December 2019. Katanga Mining Limited operates a large-scale copper-cobalt project with substantial high-grade mineral reserves and integrated metallurgical operations in the Democratic Republic of Congo (DRC). In October 2012 it was reported that a 500 MW coal plant was being planned in the Congo for 2015, at a cost of €500m. to: * katanga mining announces change in ceo position * says ceo danny callow resigned * board of directors has approved jeff gerard's appointment to ceo position by glencore international ag. TO - News) ("Katanga" or the "Company") today announces the resignation of Mr. (6) Johnny Blizzard 22. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. In a June 2018 "debt-for equity swap", Glencore's Katanga Mining Ltd. In recent years, Glasenberg has moved deeper into food and oil businesses. 6 billion debt write-off and a $150 million payment to the Congolese state mining company Gécamines. His resignation is to become effective from July 10, although he will continue to advise the company’s board. Katanga Mining Announces Change in CEO Position News provided by. The mining company said Mr. T) on Wednesday named Mark Davis chief executive officer. The Company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Samuel has 1 job listed on their profile. 8bn rights issue announced by Katanga Mining, the Toronto-listed firm in which the Swiss miner and metals marketing group has a 86% stake. The company has a debt-to-equity ratio of 62. It produced 25,000 tonnes of metal last year or about 20% of the global total and is expected to be under care and maintenance for two years. UPDATE 1-Katanga CEO quits, Glencore to name replacement. The press release is quoted as saying: Mr. and other environmental, social and governance principles. Rusoro's corporate strategy is to become a mid-tier (>500,000 oz Au/yr), low cost gold producer in the near term. Katanga Mining Limited (TSX: KAT) announces its financial results for the fourth quarter and 2018 fiscal year. Jeff Gerard's appointment to the CEO position by Glencore International AG ("Glencore. Other Katanga Mining directors including Liam Gallagher and its CEO, Johnny Blizzard, were also sanctioned. Concealing bribery allegations against Israeli billionaire Dan Gertler has cost Glencore subsidiary Katanga Mining $22. The board of directors has approved Mr. 16 per share for $52. Mark Davis to the position of Chief Executive Officer of the. Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. Katanga Mining Announces Commissioning of the Core of the First Train of Whole Ore Leach Plant and Provides an Operational Update By Published: Dec 11, 2017 8:45 a. Copper mining in the Democratic Republic of the Congo mainly takes place in the Copper Belt of the southern Katanga Province of the Democratic Republic of the. Katanga Mining Ltd (KAT. He was head of Africa copper operations at Glencore, a position he had held since January 1, 2015. Nikanor plc was a publicly quoted holding company for Global Enterprises Corporate (GEC) with assets in the rich Copperbelt region in Katanga Province, Democratic Republic of the Congo (DRC). In October 2012 it was reported that a 500 MW coal plant was being planned in the Congo for 2015, at a cost of €500m. The organisers of the hugely successful iPAD DRC and Katanga Mining Week have announced that the two longstanding mining events in this country are to merge into one strategic show, namely DRC. Danny Callow was named CEO, Katanga said. Katanga’s CEO Johnny Blizzard also resigned from the firm last week as per the earlier settlement agreement with the Ontario Securities Commission. Nikanor plc was incorporated in 2006 with its registered head office in Douglas, Isle of Man. Katanga Mining Enters into Management Services Agreement with Glencore International AG and Appoints New Chief Executive Officer and Chief Financial Officer January 17, 2019 ZUG, SWITZERLAND , January 17, 2019 – Katanga Mining Limited (TSX: KAT ) (" Katanga " or the " Company ") today announced that the Company has entered into a management services agreement with Glencore International AG (" GIAG "). The market news is quoted as saying: The copper and cobalt producer said on Thursday [former CEO] Ross would. Blizzard first joined Katanga as its. TSX-listed Katanga Mining has approved the appointment of Mark Davis to the position of CEO of the company, effective as of November 19, 2019. Klassen has advised on numerous mining and commodities deals including Glencore’s acquisitions of Viterra, the leading Canadian grain handler, for C$6. Katanga Mining's average total inventories from the quarter that ended in Sep. Katanga Mining Limited Nov 20, 2019, 09:57 ET. The Chinese Gold Mining Focus CEO, Pay Network, gold sponsor of the next edition of DRC Mining Week to be held in. Glencore owns 99. Mr Davis takes over towards the end of what has been a challenging two years for Katanga Mining and Glencore’s wider African Copper unit. Glencore International AG to take Katanga Mining private at CDN $0. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Image: Katanga Mining Limited. Copper mining in the Democratic Republic of the Congo mainly takes place in the Copper Belt of the southern Katanga Province of the Democratic Republic of the. Disruption caused by the pandemic has so far driven Chemaf to shut its Usoke copper-cobalt processing plant, while Ivanhoe has suspended. TSX-listed Katanga Mining has appointed COO John Ross to the position of CEO, effective January 4. Katanga Mining, which produces copper and cobalt from mines in the southern copper belt of Democratic Republic of Congo, was first listed in August 1997 and Glencore owns 99. Real-time discussion about Katanga Mining Ltd (KAT. ZUG, Switzerland , Nov. Katanga Mining Ltd (KAT. Katanga Mining's headquarters is located in Zug, Zug, CH 6301. See the complete profile on LinkedIn and discover SYLVESTER'S connections and jobs at similar companies. Share this article. For a background on the stock you can read my January 1, 2017, article "Katanga Mining Is A Potential Turnaround Story. Nikanor plc was a publicly quoted holding company for Global Enterprises Corporate (GEC) with assets in the rich Copperbelt region in Katanga Province, Democratic Republic of the Congo (DRC). Glencore has acquired 4 companies and its latest acquisition was PolyMet Mining, Inc. Johnny Blizzard is former Manager-Technical Services at Kinross Gold Corp. Report cites controversial mining firms. Katanga Mining is a mineral exploration company that engages in the production, exploration and development of copper-cobalt properties. Is Katanga Mining (TSE:KAT) the best stock in its category? View competitors and alternatives to KAT at MarketBeat. “The team at Katanga continues to do everything possible to locate our missing colleagues. Danny Callow as Chief Executive Officer of the Company. Kolwezi Mining Co Company Description Kol Kolwezi Mining Co zi Mining Co, is located in Kolwezi, Western Are, Katanga Copper Crescent , Katanga (Shaba) Province in the Democratic Republic of the Congo, The mine has a good network of infrastructures saved with Kolwezi city with an airport and a railway to Lubumbashi. Global miner Glencore designated Davis to act as CEO, pursuant to the management services agreement that the companies entered into in January. Katanga pays $28. concerning Katanga, which began in 2017, concluded in December with the execution of a settlement agreement by Katanga and certain of its current and former officers and directors. Katanga Mining's headquarters is located in Zug, Zug, CH 6301. Glencore majority-owned unit Katanga Mining said Chief Executive Danny Callow has resigned, and will be succeeded by Jeff Gerard, effective May 2. BRIEF-Katanga Mining Receives Confirmation From Kamoto Copper Co That Armed Forces Of DRC Are In Area Around Operations Of KCC 4th Jul '19 News RPT-Glencore's Congo tragedy highlights security conundrum for miners. TSX-listed Katanga Mining has approved the appointment of Mark Davis to the position of CEO of the company, effective as of November 19, 2019. 17 2019: Eric Allison CEO : South Star Mining Corp. 4 million gross profit in 2018. Katanga Mining play far from over according to Arthur Ditto, Katanga Mining chairman, president and CEO. a high-grade copper and cobalt producer in katanga MUMI comprises the Mutanda and Kansuki concessions in the Katanga province of the Democratic Republic of Congo which were merged in July 2013. Davis was designated to act as CEO by Glencore International AG pursuant to the management services agreement between the company and Glencore entered into in January. Base Metals Katanga Mining to continue streamlining projects at KCC in 2020. Katanga Mining, which is 99. is a holding company, which engages in mining, processing, and selling of copper and cobalt metal. Glencore to take Congo subsidiary Katanga Mining private Reuters 15:00 22-Apr-20 Glencore attaches conditions to restarting Mopani operations LusakaTimes. Condor Gold is revitalizing the historic La India gold mining district in Nicaragua.