Glencore Subsidiary to Resume Cobalt Exports From Congo
15 Abril 2019 - 12:18PM
Dow Jones News
By Adam Clark
Glencore PLC's (GLEN.LN) majority-owned subsidiary Katanga
Mining Ltd. (KAT.T) said Monday that it has resumed limited cobalt
exports from the Congo after a halt late last year due to
unacceptably high levels of uranium.
Katanga's local subsidiary has produced around 930 metric tons
of cobalt since January that complies with regulatory requirements.
This represents around 23% of the total cobalt production over the
same time, Katanga said.
Exports of the cobalt-hydroxide concentrate that meets
regulatory requirements will resume immediately while Katanga works
on an ion-exchange plant to provide a long-term solution to the
uranium issue.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
April 15, 2019 11:03 ET (15:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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