Katanga Mining provides an update on legal proceedings commenced by Gécamines

Katanga Mining Limited (TSX: KAT) provided an update on the legal proceedings disclosed by the Company on April 20, 2018.

As previously disclosed, on April 20, 2018, the Company’s joint venture partner, the Democratic Republic of Congo (“DRC”) state-owned company La Générale des Carrières et des Mines (“Gécamines”), in the Company’s 75% DRC operating subsidiary Kamoto Copper Company, commenced legal proceedings to dissolve KCC following KCC’s failure to address its previously disclosed capital deficiency or, alternatively, if the Court were to provide KCC with a period of time within which to regularize the situation, to request the appointment of an expert to assess and report to the Court on KCC’s financial position and its recapitalization plan.

Read more at Katanga Mining Provides an Update on Legal Proceedings Commenced by Gécamines.

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