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Katanga posts profit on improving output
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February 8, 2010, 5:40 pm

TORONTO (Reuters) - Katanga Mining, which is focused on operations in the Democratic Republic of Congo, reported a fourth-quarter profit on Monday, helped by increasing copper and cobalt output. The Canadian-listed company reported net income of $15.3 million and sales of $100 million. It did not provide a comparison with results from the year-ago quarter. Katanga is forecasting production of 82,000 tonnes of copper cathode and 5,500 tonnes of cobalt metal in 2010. Shares of the company were up 2 Canadian cents at 66 Canadian cents on the Toronto Stock Exchange.

 

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