May 9, 2011 / 1:13 PM / 7 years ago

UPDATE 1-Katanga Mining posts Q1 profit

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May 9 (Reuters) - Canada’s Katanga Mining , whose key operations are in the Democratic Republic of Congo, reported a first-quarter profit.

The Toronto-listed miner reported a net profit of $42.0 million and sales of $171.0 million. It did not provide a comparison with results from the year-ago quarter in the statement.

Quarterly copper production was 18,385 tonnes and cobalt production was 635 tonnes.

Katanga is constructing a 120,000-tonne-per-annum concentrate filtration and bagging facility, expected to be completed in the second quarter.

Shares of Katanga closed at C$1.82 on Friday on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay; Editing by Maju Samuel)

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