August 7, 2009 / 9:38 PM / 8 years ago

UPDATE 1-Katanga Mining posts second-quarter loss

* Q2 loss/shr $0.09

* Q2 sales $62.3 million

Aug 7 (Reuters) - Canada's Katanga Mining Ltd (KAT.TO) reported a second quarter loss on Friday, hurt by restructuring expenses.

The copper and cobalt miner, which operates a major mine complex in the Democratic Republic of Congo, reported a net loss of $57.5 million, or 9 cents a share, including a one-time restructuring expense of $15.9 million.

Total sales for the quarter were $62.3 million, mainly on back of copper cathode sales, which were $47.9 million. During the quarter, Katanga produced 10,478 tons of copper cathode, 500 tons of cobalt metal and 560 tons of cobalt concentrate.

Shares of the company closed at 66 Canadian cents Friday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Unnikrishnan Nair)

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