July 31, 2017 / 1:22 PM / 4 months ago

BRIEF-Katanga Mining announces independent directors' review and restatement of certain financial statements

July 31 (Reuters) - Katanga Mining Ltd

* Katanga Mining announces independent directors’ review and restatement of certain financial statements

* Katanga Mining Ltd - has established a blackout on trading by directors, officers and other insiders of Katanga​

* Katanga Mining-‍independent directors concluded certain financial statements and related management’s discussion & analysis will likely require restatement​

* Katanga Mining Ltd - ‍review relating to historical accounting is not expected to affect anticipated timing for commissioning of wol project​

* Katanga Mining-review expected to cause filing of unaudited interim financial statements for 3 & 6 months ended June 30 to be delayed beyond Aug 14 deadline​

* Katanga Mining-‍intends to continue blackout on trading by directors, officers of co until Q2 filings, restated financial statements have been filed​

* Katanga Mining-‍review related to accounting relating to production of copper cathode among others, which may impact valuation of inventories & property Source text for Eikon: Further company coverage:

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